Hyder Consulting Share Discussion Threads

[grigor] 30/9/2010 22:29

Going from strength to strength - In 2 years should beat the previous highs

[wcjan26] 30/9/2010 16:51

390p looks like a stick on to me

[greenroom78] 30/9/2010 15:27

Hang a go at recent highs. Nice to see it re-establishing that uptrend as well.

[rivaldo] 30/9/2010 13:57

Brewin's now value HYC at 437p:



"Brewin Dolphin maintains its buy recommendations for EDI and Hyder Consulting, reducing its target price for the former to 170p while increasing that for the latter to 437p."

Appreciated CR - agreed, wasn't the P/E around 19 for SWG or something? Which would imply almost a doubling for HYC from here.

[cockneyrebel] 30/9/2010 13:20

that's a lovely bowl or cup forming now too.

CR

[cockneyrebel] 30/9/2010 13:19

Rivaldo - yep, saw ETO and HVN - was holding both a while back but they both lacked relative strength in the charts so I sold - can't hold everything sadly.

Kept hold of these as they look dead cheap, especially compared to the price SWG got taken out at and th chart is very solid - curving up nicely.

Was just popping in to say there had been an upgrade but I hadn't got it - thanks - look even cheaper now :-)

CR

[cambium] 30/9/2010 12:13

Hyder Consulting (LON:HYC) (HYC, 348.75p, £134.07m) Half year update to the end of September has highlighted adjusted profit ahead of board expectations with a move to positive cash balances and still further weighting towards H2. Overseas operations have performed well and continue to win business to offset a number of contracts ending their run. With forecasts moving up to around £19.5m with 40.4p EPS the group is sitting on 8.6x prospective PER. Although nearing the upper end of a justifiable rating the importance of overseas, and thus more attractive, earnings given the UK outlook encourages us to maintain the BUY recommendation with a 385p price target.

[greenroom78] 30/9/2010 11:54

Good to hear broker reaction also.

Rivaldo, just had a quick look at ETO - looks an interesting one will add it to my watch list. Thanks

[qs9] 30/9/2010 11:37

Looking at Barclays web-site, it would appear (DYOR) that one broker has upped target price from £4.15 to £4.45 on today's news. With net cash therefore improving with the profits, IMO the yield should be good as well as attractions to potential predators in this area IMO.

[rivaldo] 30/9/2010 11:37

A new 445p valuation from Panmure's today - I assume they've increased their forecasts too:



"Hyder Consulting is the top small cap gainer, up 7.3 percent as the engineering and design firm forecasts first-half adjusted pretax profit ahead of prior expectations and above the year-ago period, helped by a strong performance in the Asia Pacific region.

In reaction to the trading update, Panmure Gordon hikes its target price for Hyder Consulting to 445 pence from 418 pence and repeats its "buy" rating."

[rivaldo] 30/9/2010 09:33

HB have a 385p price target - personally I think a little interest here could take the price above 400p quite quickly, and with any bid interest....

OT : CR, have you looked at HVN and ETO? Both are similarly ISAble and both made excellent statements today (ETO is on a P/E of 5 and its content library alone is worth far more than its m/cap!).



"Hyder Consulting (LON:HYC) (HYC, 348.75p, £134.07m) Half year update to the end of September has highlighted adjusted profit ahead of board expectations with a move to positive cash balances and still further weighting towards H2. Overseas operations have performed well and continue to win business to offset a number of contracts ending their run. With forecasts moving up to around £19.5m with 40.4p EPS the group is sitting on 8.6x prospective PER. Although nearing the upper end of a justifiable rating the importance of overseas, and thus more attractive, earnings given the UK outlook encourages us to maintain the BUY recommendation with a 385p price target."

[cockneyrebel] 30/9/2010 08:53

Nice statement today - chart looking rather nice here too imo.

CR

[sleveen] 30/9/2010 07:37

well chuffed with this

[foodcritic] 30/9/2010 07:32

Yes really happy with that, I jumped in here a bit quickly after SWG profits. Not doing my usual amount of research but think it will be good.

[greenroom78] 30/9/2010 07:29

I like statements like this.

"better than the Board's expectations and well ahead of the prior year"

[rivaldo] 30/9/2010 07:25

Very nice indeed :o))

[foodcritic] 30/9/2010 07:08

Pre close statement

Hyder Consulting PLC, the multi-national advisory and design consultancy, provides the following trading update for the half year ending 30 September 2010. The results for this period are scheduled to be announced on 16 November 2010.

Adjusted profit before tax for the half year ending 30 September 2010 is currently anticipated to be better than the Board's expectations and well ahead of the prior year. We expect to report a net cash balance as at 30 September 2010, notwithstanding the second half weighting to our cash flows.

Our Asia Pacific operations have continued to perform well, benefiting from strong sales performance, turnover growth and Alliance contract bonuses in Australia. Although project awards have been slower to come to fruition than anticipated in the Middle East, we have recently secured a number of important new contracts. In Europe, we have grown our UK water and rail businesses and profits have improved in Germany.

The order book and bid pipeline remain strong with a number of significant project wins during the period:



· Hunter Expressway Alliance; Australia

· Innisfail Water Treatment Works; Australia

· Haikou International Exchange Centre; China

· Emirati Neighbourhoods; Abu Dhabi

· Engineering services for Jubail Industrial City; Saudi Arabia

· Boulevard 29; Dubai

· Halle Stadium; Germany

· Manchester Piccadilly Station refurbishment; UK

· Crossrail utility diversions; UK

· Ceredigion, Powys and Gwyneth highways framework; UK



Over 70% of the Group's revenues and 85% of operating profits are derived from overseas. The continued improvements in key client management and operational efficiency give the Board confidence in the Group's ability to sustain this strong performance.

[greenroom78] 27/9/2010 08:48

Good news, thanks Rivaldo. Will hopefully give the momentum for the next move.

[rivaldo] 27/9/2010 08:45

From today's Independent:



"Thursday

Panmure Gordon anticipates news of robust trading when the design consultancy Hyder Consulting issues its pre-close update. Its July update revealed trading was running slightly ahead of expectations, with a boost from its Asia-Pacific operations. "On the back of these increased activity levels, the order book is now expected to exceed £350m, with its bid pipeline remaining strong. We therefore believe [this week's] statement should be positive followed by a strong set of [interim results] in November," the broker said last week."

[wcjan26] 24/9/2010 13:54

and so it goes on...

AECOM Technology Corporation acquires RSW

[pitball] 20/9/2010 23:08

selftrade upped target price from 360 to 418.
Over 350 would be nice!

[gswredland] 20/9/2010 19:50

Just doesn't want to move up..come on HYC!

[slogsweep] 20/9/2010 09:36

yes - whats this 23p rise on 72 share vol all about?

TO still on?

[cambium] 20/9/2010 09:07

is there anyone there?