||EPS - Basic
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Norman Hay Share Discussion Threads
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I don't see a takeover coming, fwiw. Directors hold about 17% of the shares and seem to have a loyal following of another 38%. Also, history and culture of the company makes it unlikely to sell out for short-term gain.
Peter Hay is, I think, 67 years old. I wonder what succession plans they have? Maybe Victor Bellanti steps up?|
|Hello Gengulphus, this one Normany Hay.
|I merely wonder which company you're talking about!
|Healthy demand in Auction today, closed at 82p, so with payments on dividends in 2016 of 6.1p that's over 7% dividend, seems like the future is still promising, wonder if there will be a takeover at some time?|
|Letter from them today. New trade facility through www.assetmatch.com|
|Did anyone manage to go to the Agm ?|
|Have not been able to find last results or agm statement, but have had my dividend credited to my share account on the 17th july of 3.2p per share, the same as last year.|
I have some questions, hopefully you see this in time:
1) The chairman mentions succession planning in the outlook section. Is there someone lined up or are they looking to sell the company?
2) Is the Employee Benefit Trust still planning to buy more shares and if so at what price?
3) What is the company's investment plans for this year. Where will they make capital investments?
I would much appreciate any other feedback from the AGM. Thanks.|
|I am planning to attend the AGM next Thursday and happy to ask any questions on behalf of other shareholders who can't attend.|
|buying orders will only be useful in valuing the company if there are willing sellers and vice versa. The Agm is next month so probably worth attending. I have not seen the results yet ?|
|Yes, very pleasing Moneybags, and to think they wanted our shares for 80p!
Sometimes it can work not being listed, as avoids the temptation to sell when the occasional market jitters happen!|
|I see loads of buying orders going through in the past week.......Is it results.....?....as ,like you say, the website is slow in updating, but,hey,who cares,we are only part owners of the company...!
£1.20 looks to be the price right now.
Very happy to be holding for the coming years too...
Regards , Moneybags|
|I am afraid the website is not really kept up to date in a way that the shareholders who held on actually deserve. The investor section has been rather like tumbleweed for the last 18 months.
The Agm this year will be on the 19th June at Royal Holloway in Egham as it was last year. Maybe we should make the effort to attend. The accounts should be out in the next few weeks.|
The absence of rns's makes it harder to follow, so thanks for the heads up. :-)
The gradual global recovery should also help the HNN group continue its good progess. Norman Hay is a good buy and hold for me.|
|News from yesterday. Sounds business is going very well:
"This is an exciting time for the business as we expand our global portfolio in
response to growing business demands. As well as the new sites in Western
Australia and Dubai, we have also opened a new dedicated office in China this year"|
|Do not look at thi very often, but note I received a dividend on 27th July of 3.2p per share.|
|Did anyone go to the AGM? ( Especially the person who provided the report last year)|
|I see some shares changed hands at £0.99.5p
£1 a share seems about their correct price just now.
Regards , Moneybags|
|Thanks, Orb1t. :-)
We're not told the conditions of the acquisition by HNN. Sifco are also silent on the detail. This is one of the advantages of running a delisted company; keeping sensitive information away from customers and competitors.
I can't see them relisting. They've not long escaped from the formalities of a stock market listing.|
The acquisition seems very good. Increasing their product offering in their niche market and also expanding their cross-selling opportunities.
I didn't think HNN would be that active after unlisting. Maybe they will relist again if they need funds to continue expanding.|
|Not a generous offer. That is under a PE of 7 for the YE2011. For the year just finished it will probably be even lower.|
|Received a tender offer of 80p yesterday from the employee benefit trust. Current dividend 3.5%, so not a generous offer, I will not be accepting.|
|I will certainly be keeping my shares. The dividend is adequate to keep me warm.|
|Just found this thread is still active after delisting.
For 12 months mid 2007 - mid 2008 the share price averaged about 120p with a peak of 150p.
The business/finance fundamentals now are not materialy different from then. The major change is delisting and I would assign a 50% discount if totally illiquid or a 25% discount in their current halfway format. I voted against delisting on this basis.
So for me a "fair" price today is about 90p with a proviso that profits don't fall causing liquidity to dry up. I am pleased that a reasonable exit is being offerred but will hang for 150p. The divis are still good.
Family companies are always vulnerable to family splits, retirements and takeovers. I still think this is long term hold until a major event.
To see a BritDAQ quote takes a lot of form filling which I gave up on. However their emails chasing my form completion suggest they have also a market buyer at 80p.
I am surprised that the accounts cannot be accessed via their website. Luckily I keep my hard copies and see that note 26 shows that 976150 unapproved share options are exercisable before 2019 on achievement of a 150p share price or change of control. So there is an incentive for the directors to get the price up to 150p.|
|The Company's Employee Benefit Trust is offering 80p per share to buy holdings from private shareholders, without any costs.
This is a much better arrangement than the old Jenkins one (63p plus high costs).
Notwithstanding all that, I'll be keeping mine.|