Tyman Share Discussion Threads

[bummel45] 17/11/2015 20:14

What is the problem with this share? Even on a recovery day like today, although it started out well, it still ended down on the day. The present price is more than 20% down on it's level three month's ago.

The recent update was not that bad; perhaps not as good as the market would have liked, but still not bad enough to warrant this kind of fall. This is particularly so considering most brokers forecasts and recommendations.

Is it a sector thing, or is there something more sinister? Can any of the experts on here help with an explanation please?

[strangeman] 10/11/2015 16:14

I began with Oceonics

[jeffian] 10/11/2015 14:36

Yes, I'm in from the days of the management that preceded the management that preceded Greg!

[a0148009] 10/11/2015 11:33

Jeffian - I have had these a long time and suspect you have too. Schlegel acquisition, Greg's swansong, has been a constant drag on the business and trading would have been much worse if it was not for the acquisitions made by the new team in USA as well as the squeeze on overheads and improvement in margins.
Over 70% of turnover is in the USA and this is where I expected stronger growth
than has been reported today taking into account remodeling as well as new builds, they seem to have hit a brick wall, no pun intended.Sold half my holding today, technicals do not look too good but may add again later on good news for stronger sustained growth in the future.


AO

[jeffian] 10/11/2015 11:00

Hmmmm. That's a profit warning then. I don't know about the States, where much of TYMN's business is, but I have difficulty understanding the flat sales being experienced across the whole building supplies sector when the evidence of my own eyes suggests that (at least here in SE England) there is a massive building boom going on.

[jeffian] 23/10/2015 00:35

All the building products sector has been hammered. Profit warnings from TPK and SIG today (the latter down 23%!) have resulted in falls across the sector.

[giardap] 22/10/2015 21:35

Why the drop? Housing market back in growth so should be positive for Tyman

[a0148009] 29/7/2015 11:28

Worth listening to the Webcast - Company actively seeking complementary acquisitions in Europe and USA.



Edit : 2 million + volume so far today.

AO

[bummel45] 10/3/2015 23:09

Pretty solid results, and confident dividend increase. Looking at the rest of the market today, this share held up well. Good growth to come, I hope.

[jeffian] 10/3/2015 08:21

That'll do nicely!

[jeffian] 09/3/2015 12:55

Results tomorrow.

[a0148009] 24/2/2015 18:52

Broken above the old closing high 323p and intro-day trading high 330p and more promised.

AO

[jeffian] 29/12/2014 12:01

Upward momentum continuing. Several pundits in the Christmas press were tipping $-related stocks as $ strengthens against other currencies. Continued growth in US economy plus a strengthening $ would put Tyman in the sweet spot.

[bummel45] 03/12/2014 23:53

Yes, it's good to see the recent upwards trend, even when the market was going down. The IC article probably helped, but I suspect that it won't go much higher now, until there's some good news or the next report is issued. More than happy to hold for the time being at least.

[jeffian] 02/12/2014 09:33

Motoring now!

[jeffian] 21/11/2014 10:47

Tipped in Investors Chronicle

[bamboo2] 07/11/2014 22:08

Just checking out the potential Inverse head and shoulders,

[a0148009] 22/10/2014 12:57

2.5% rise today on volume of 70k maybe the seller has finished.

AO

[jeffian] 20/10/2014 19:56

Indeed, and the £ has declined 6% vs US$ since then. I'm never too concerned about £/$ conversion anyway, as long as it is simply a feature of reporting foreign earnings translated into domestic currency. In companies whose cost base and revenues are in the same currency - as here - margins are maintained. It is only companies which manufacture in one currency and sell into another that suffer margin erosion when the domestic currency strengthens. So surprised by the continuing weakness here (though not as brave as AO148009 in acting on it!).

[a0148009] 20/10/2014 19:02

Already have some long term at much lower price but added Friday as they look reasonable value especially if the US housebuilding market continues to improve.
Worth reading through the interim statement again. Equal value with TPK and cheaper than WOS but much smaller company.

Louis Eperjesi, Chief Executive Officer of Tyman, commented:

"We have had an encouraging first half, with good progress made on a number of fronts, including the integration of the North American salesforces, new product introductions in Grouphomesafe and the acquisition of Vedasil in Brazil.

"The Group's first half performance, current order book levels in key end markets and continued delivery of targeted synergy benefits positions us to deliver full year expectations, which remain unchanged despite the material strengthening of Sterling against international currencies."

29 July 2014

Digital Look forecasts :-

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-14 345.60 40.14 16.89p 13.9 0.6 +23% 7.10p 3.0%
31-Dec-15 370.58 47.82 19.92p 11.8 0.7 +18% 8.10p 3.4%

AO

[jeffian] 20/10/2014 14:17

I'm not understanding the recent weakness here compared to its peer group, particularly in view of its exposure to the US market.



Any views?

[jeffian] 30/9/2014 16:04

WOS results today say that trading in US has been very strong and that continues in the forward outlook. Bodes well for TYMN.

[bummel45] 09/8/2014 09:48

This seems to have taken a bit of a hammering over the past few days. I guess it's a variety of reasons, including the general market sentiment and the dollar. Hopefully there's nothing nasty that we don't know about, especially so soon after good results, and encouraging broker recommendations.

[bummel45] 30/7/2014 14:15

Yes, I agree with all of that. This must be my best growth stock, and on dividend grounds as well. Now it's showing solid growth from a good and seemingly well-developed product range. It looks very promising for the future, and I will certainly be holding for the time being.

[jeffian] 30/7/2014 10:29

"- remember you could have bought these at 8p." I actually bought my original Lupus holdings at 7p and 7.45p but you're skimming over the fact that there has been a 1:10 consolidation since then so 8p=80p! That said, performance has been fine. I added at each Rights Issue and have built quite a substantial holding too and, like you, am happy to continue holding. Yesterday's figures looked good and they confirmed they were on track to meet forecasts despite £/$ conversion rates (i.e. effectively ahead of forecast). Travis Perkins figures out today also strong so we're in the 'sweet spot' for building materials at the moment.