Norman Hay Share Discussion Threads

[wilmdav] 03/6/2012 13:22

Thanks, David.

Will be in touch after the holiday.

[davidosh] 03/6/2012 11:51

Wilmdav...If you give me a call I can explain how ShareSoc can pay expenses for attending Agms, asking questions and providing reports of the meeting.

[wilmdav] 02/6/2012 20:47

"The total turnover from our Surface Coatings, Impregnation Sealants and Process Plant & Equipment divisions incfreased by 18% on the preceding year with the combined operating profits of these continuing businesses up by 30%.

TAM International our joint venture construction chemicals business, has started to perform increasingly profitably given the focus and market knowledge of our joint venture partner Normet International. This up-turn has continued into 2012."

The AGM is in/near London this year. Here is a possible question for anyone attending, if they should feel so inclined.

TAM appears to be the Group's only 'associate' company.

The P&L account shows £114k loss against "Share of post-tax (loss)/profit for associates" for 2011. Could the Directors clarify when TAM started to make a profit and give some indication of its margin to date in 2012?

Note 13 suggests that in 2011 TAM produced a loss before tax of £0.070m on revenues of £17,579. Could the directors confirm that this is a correct interpretation of Note 13?

I would not rule out the possibility of making the AGM myself but would need to convince myself that it is worth the expense while owning only 2313 shares.

"I am pleased to be able to tell you that on 23 March 2012 our Surface Coatings Division acquired Advanced Coating Initiative Ltd (ACI) based in Aberdeen, Scotland. ACI offers a comprehensive range of thermal coatings to the Oil & Gas, Aerospace, Automotive, Turbine and Steel manufactufing industries and is recognised for its technical expertise in the field of thermal spray coatings.

The addition of ACI to our Group will enhance our positioning as a leading specialist for innovative surface treatments that perform in hostile and challenging environments.

As the world economy improves, we will continue to seek new growth opportunities through the organic expansion of our existing operations combined with a focussed acquisition policy."

This one does seem to be in the right sectors.

[wilmdav] 02/6/2012 15:39

Excellent results in all respects, as far as I can see. £2.55m net cash at 31/12/12. On an illustrative share price of 65p, p/e for 2011 would be 5.6x and dividend yield 8.2%.



Click on Excel sheet tabs for fundamental bar charts

[wilmdav] 02/6/2012 13:17

Annual Report received. Will post full details later today.

[wilmdav] 30/5/2012 10:50

Thanks David.

Company tells me the report is currently being printed and is due to be posted to shareholders this week.

[davidosh] 30/5/2012 09:34

I have the agm listed for 28th June so the results have to be out very soon indeed if giving statutory 21 days notice with accounts

[wilmdav] 30/5/2012 09:26

I am also holding but have received no notification of results. Have they been reported?

Wilmdav

[royaloak] 04/5/2012 10:25

david

sorry, I was not looking closely enough, I will dig around more after the holiday.

[davidosh] 01/5/2012 23:39

royaloak...Yes I had already looked there. No advance results notification or interims or final results presentation. Where were last years results ?

[ed 123] 01/5/2012 23:35

Yes I'm holding these still.

Last year's agm was 5 July. I missed that but I went to the earlier delisting meeting. They let me ask questions, and Peter Hay answered them. I voted for the delisting - but there was an overwhelming majority 'for', in any case.

An update would be useful. I think they'll be doing well. Wonder where things are with the Tam International option?

[davidosh] 01/5/2012 22:41

Anybody here still ? I have not seen any results yet this year. The Agm is usually in June.

[davidosh] 22/8/2011 11:04

Is anyone interested in selling their stock ?

[3800] 27/5/2011 18:30

Hi davidosh the info is here you have to register but its free and you don't get spammed to death. You will have to get your broker to place a limit order with jpjenkins if you wish to buy any.
3800

[davidosh] 27/5/2011 17:50

Moneybags....thanks but where are they listed for you to see that ?

What is the price ? I am happy to buy some at 63p if anyone wishes to sell

[moneybags] 27/5/2011 17:04

Shares have had their first move up today since the delisting.

Regards , Moneybags

[ed 123] 04/5/2011 16:54

Good find, davidosh. Thanks.

I got my unaudited preliminary results this morning.

For those who haven't yet got them, these are the highlights.

=====================================

Pre-tax profit 2.7m (0.9m).

Revenue (excluding TAM) £25.0m (£18.1m).

Cash in hand £1.7m (1.0m).

Dividend for the year 4.8p (4.3p).

=====================================

I wish all my investments were making such progress.

I make the earnings per share around 12p. At the delisting price of 63p, that would put the shares on a p/e ratio of about 5. Dividend yield would be around 7.5%.

Very pleased I held onto mine.

[davidosh] 05/4/2011 13:56

new hire at Norman Hay

results should be any day now..

[0rb1t] 01/4/2011 17:38

The Annual report is due now. Do you know when we will get it?

[moneybags] 01/4/2011 16:25

I see the first share trade going through for Norman Hay shares since they got De-Listed at 62p (50,000 shares)

Regards , Moneybags

[gengulphus] 07/9/2010 12:23

Moneybags,

I'm sorry, but it isn't clear to me what questions you're trying to ask. I think the best thing I can do is point you at the two guides to AIM tax benefits linked to from . They're quite good, though slightly out-of-date: anywhere they talk about a time limit of 5 years and 10 months after the end of the tax year, it's now probably 4 years after the end of the tax year as a result of some general deadline changes that happened in April this year.

Also, they're not as clear as they could be about the fact that CGT gift relief and Inheritance Tax business property relief both require the shares to count as "unlisted" as well as being trading companies (the taxman does not want people to be able to get the reliefs on any old investments by holding them inside an unlisted investment company!). As I said in my last post, AIM shares will generally count as "unlisted" provided they're not also officially listed on some other recognised stock exchange.

Gengulphus

[moneybags] 07/9/2010 10:27

Gengulphus.........Thanks for the pointers.I never knew about the unlisted AIM ruling for death duty tax purposes.I knew one could 're-invest' a capital gain from somewhere else and avoid the CGT being paid, as long as the bought into unlisted investment share block was held for a certain minumin of time(Is this still the case on the mainland UK..?)
I take it that 'unlisted AIM' still go forward for the end of year Capital Gains Tax in the case of a profit on the share sell of that unlisted AIM stock, and the divi is taxable....?

Regards , OffshoreMoneybags

[gengulphus] 06/9/2010 10:42

One good thing........Shares held in an unlisted company do not go towards your death duties if you get run over by a bus.

Provided it counts as a "trading company or the holding company of a trading group" (no problem for HNN as far as I am aware) and you've held them for two years (which could be two years out of the last five under some 'replacement' rules that I've never managed to understand thoroughly - it's more straightforward all around if you can arrange for it to be the last two years before death!).

Note though that shares traded on AIM count as "unlisted" for tax purposes unless they are officially listed on some other recognised stock exchange. So I don't think the delisting makes any difference to whether HNN counts as "unlisted" - it did before and it still will afterwards.

Gengulphus