Norman Hay Share Discussion Threads

[foster8] 31/3/2004 11:05

LONDON (AFX) - Norman Hay PLC said trading in the current year has started
satisfactorily, both in the UK and overseas, as it reported a full-year pretax
profit of 866,000 stg compared with a loss of 86,000 stg previously.
Sales dipped to16.37 mln stg in the period to Dec 31 2003 from 18,8 mln
stg, while it made earnings per share of 5.8 pence against a loss of 0.3 pence
previously.
The group that specialises in processing, coating, impregnation and
finishing of all metal surfaces is proposing to leave the final dividend
unchanged at 1.2 pence a a share.

[foster8] 31/3/2004 11:03

No problems Pat.

Two ticks up now. Good spot.

Much more to come I think - looks well undervalued because it has been well overlooked!!

[mrjasonp] 31/3/2004 10:28

Hi Pat

I see your stock has turned Blue! Another well timed thread, as ever, but I will be happy for less than your usual 300% this time ;o)

MrP

[business link] 31/3/2004 09:49

I apologise for the faux pas foster8, Now added to header.

Surprised that HNN does go so unnoticed, they really are a good company going in the right direction.

Regards
Pat

[foster8] 31/3/2004 09:44

Divi 1.2p per share due.

I see Westcombe Investments Ltd have been stake building. Obviously see these as a good bet. Anyone know who they are?

[foster8] 31/3/2004 09:42

Results look good, Business Link, & with the acquisition strategy these could be a good long term play.

Not a lot of BB activity, so I guess not too many people know about them?

I was going to ask about dividends, but will look myself (lazy git!)

Thanks for the thread BL - highlighted these to me a a good potential buy.

[business link] 31/3/2004 09:30

HNN – Norman Hay announced today results for the Year Ended 31.12.03
Key Points :-

Profit before Tax - £866k on £16.3m Turnover

EPS of 5.8p Representing a P/E ratio of only 6.81

P/E Growth of 9.45%

NAV of £6.63m against a Mkt Cap of £5.69m representing a discount of 16.6%

Dividend of 1.2p/share Payable on 23rd July to all Shareholders on the register on 25th June

On 2004 Group Chairman Peter L Hay commented "Trading in 2004 started satisfactorily, both at home and overseas. We are seeking new areas of opportunity and investment to enhance the underlying strength of the Group"

With solid profits at high margins, coupled with a greatly reduced cost base and the cash available to make further growth enhancing acquisitions it is My opinion is that HNN represents one of the best plays in its sector.

[rickster] 30/9/2003 10:38

dmhzx

I wasn't inferring it was nice to see them getting shares at a discount! I was implying it was nice to see directors increasing their stake in the company and therefore their vested interest to make sure it does well. If they thought the outlook was poor I am sure they could have found better places to put their money!

Without knowing the detail there may have been some incentive in place whereby the director could exercise the right to buy at an agreed price.

later

Rickster

[dmhzx] 29/9/2003 17:49

It's not nice at all, it's a bloody disgrace.

Why can directors wives buy shares at 32 when everyone else is being asked in the region of 37.

At the very least this is a 10% discount (if mortals can buy at 35) , and probably more like 20%.

Mind you, not as bad as one company recently where the dirctor was able to buy at .99 p when at the time the published spread was 2.5 - 3.5.

[rickster] 29/9/2003 15:54

Nice to see some director buying at 32p. Shows confidence in the 2nd half year which reflects the recent interim statement regarding improving expectations.

Confident I will see my 36p target before too long! IMHO, DYOR etc etc

later
Rickster

[rickster] 22/9/2003 13:39

Interesting that the price went to 33p then back to 30p then back up to 33p again on hardly any volume. Wonder if the drop was to shake out weak holders before it carries on up? Still sticking with my 36p target although if it looks like it'll go higher I will try to ride it and have a very tight stop.

later
Rickster

[oldolie] 09/9/2003 14:59

and me, well some anyway

[rickster] 09/9/2003 13:44

And further she goes???? Wish I'd topped up at 15p now!!

Target of 36p to sell for me.

later
Rickster

[rickster] 08/9/2003 17:04

Very interesting. Speculating I'd say there is either news about to come out or a big buy in the pipeline that will get reported after hours??

later
Rickster

[oldolie] 08/9/2003 16:29

just added a few tho`- summats up!!!!!!!!!!!

[oldolie] 08/9/2003 16:15

up17.5%- and frankly i don`t give a damn why- it just is

[oldolie] 01/9/2003 13:35

If the truth is that manufacturing/engineering is on the mend, surely this must move soon with an 8+% divi. to help, mind an outrageous spread and no volume does not help, only 14m shares tho` so any buying will tighten the market.

[rickster] 04/8/2003 09:17

At last I am in the black on this share!! Can't see any reason for the rise but does anyone know when the next results are due?

later
Rickster

[rickster] 07/5/2003 22:03

rising nicely of late. Up from a low of 15p not so long ago to 25p now - that's a fair recovery even in the current market. I wonder if the MBO rumours are around again?? I certainly hope so but have to confess I have heard nothing so DYOR

later
Rickster

[jasonge] 10/3/2003 11:24

Not heard a thing ???, would be good to know what is going on..

nice to see BISI have a little increase & put out some good reports, I bought a few when there were rumours of a takeover, & held on when this rumour was quashed !!! they have done nothing since, until now

[skyship] 14/2/2003 00:20

Has anyone heard anything of the extent of the damage last week?

[skyship] 07/2/2003 00:45

Now we get a factory fire. Presumably no casualties at that hour of the morning and hopefully none among the fire services and local neighbours. Now we have a major interruption to that division - I hope all insurances including consequential loss will cover the losses.

[rickster] 05/2/2003 11:07

Skyship

I have been tempted to get out of these several times and stick the money in DNX, but I know the minute I instruct my broker to sell someone will announce an MBO!! And probably announce that Dana have been drilling muddy water that they thought was oil!!

Will hold these for now and add more to Dana as and when funds become available.
later
Rickster

[skyship] 30/1/2003 14:11

There she goes - a BUY of 25000 @ 19p. Fascinating, as it is exactly the same pattern as this time last week. 10000 sold @ 18.5p followed almost immediately by a purchase of 25000 @ 19p. So, someone is prepared to be patient and take stock as it comes at these levels. Maybe not a lot of money, but it is significant for a company of this size, in an appalling market and after the directors caution on prospects. Any views anyone?