Tyman Share Discussion Threads

[texaspete2] 16/11/2021 13:57

Trading statement to be issued tomorrow, gla

[glavey] 05/10/2021 02:28

Bit of a sell-off yesterday.

[jeffian] 01/9/2021 14:32

(Sharecast News) - Berenberg upgraded its stance on shares of building products manufacturer Tyman to 'buy' from 'hold' on Wednesday and hiked the price target to 500p from 375p, citing an attractive entry point.
The bank noted that after a strong run over the past year, Tyman shares have pulled back 20% in recent months.

"We think the shares will outperform as management is focused on organic growth and margin expansion, the business is highly cash-generative with low leverage and potential for non-dilutive M&A, and it is supported by favourable macro tailwinds," it said.

Berenberg pointed out that historically, Tyman pursued an acquisition-led strategy, which contributed the vast majority of the revenue increase but also resulted in low organic growth.

"However, we think this is about to change. Management is now explicitly prioritising organic growth, installing a unified corporate culture and stepping up capital expenditure.

"At the same time residential construction (circa 80% of group revenues) is booming, while new-build housing and RMI activity are outperforming the broad economic recovery driven by pent-up savings, cheap mortgages and the 'race for space'."

In the longer term, Berenberg said the structural undersupply of housing and ageing stock that has been underinvested in the US should underpin growth forecasts.

"Taken together, we think that there is upside risk to current consensus revenue compound annual growth rate of 3% from FY 2021 to FY 2023 (or +7% versus 2019 by 2023)."

[the white house] 01/9/2021 11:36

And Hurricane Ida ripping through half of US helping

[texaspete2] 01/9/2021 10:30

Positive broker update this morning, technically this looks good as well and is also undervalued

[hem007] 01/9/2021 10:22

Anything going on? Or just a bounce from the August lull...

[jeffian] 01/9/2021 09:24

Looking lively.

[gswredland] 16/8/2021 15:29

Yes I am surprised to see the share price as low as this

[gilesy] 16/8/2021 08:14

bought in today at 4.22.
looks like a solid well run company with good prospects

[jeffian] 27/7/2021 09:09

Results solid enough and a restored divi puts it on track for a full-year yield of 2.9%

[jeffian] 06/5/2021 09:19

Now that's the sort of TU one likes to see!

Many years ago, I bought some shares in Lupus Capital purely on the basis of meeting one of the then Directors on a ski-ing holiday and being 'sold' by his enthusiasm. They got kicked out, the company went through a period of asset-liquidation and the shell was picked up by Greg Hutchings as a vehicle for his stockmarket revival only for him to be booted out and the company focus on its largest holding in building materials. Due to my strategy* of Masterly Inactivity (never get round to selling anything) it's become my 3rd largest holding!





*indolence

[bummel45] 18/3/2021 22:05

I know the results were really good, and together with the dividend announcement, there is good reason for the price rise.

However, the last few days, and today in particular, seem rather exceptional. Does anyone have any idea on reasons for this?

[jeffian] 24/12/2020 10:42

I'm normally a bit sceptical about Directors' share purchases - so often relatively modest amounts designed to express support or linked to some incentive scheme - but today's announcement of the purchase of 100,000 shares at 356.5 by a non-Exec catches the eye.

[standish11] 17/12/2020 17:45

Oops! I meant Peel Hunt.

[standish11] 17/12/2020 17:44

Speed Hunt upping their target to 375p from 230p with a Buy rating presumably triggered today's jump in the share price

[glavey] 17/12/2020 17:17

Well, it seems there's a modest uptick today.

[jeffian] 09/12/2020 10:23

No, they're different things. I could live with sensible/prudent. "Modest" is just signalling that it is going to be small!

[glavey] 09/12/2020 08:24

What's wrong with "modest"? Would you prefer "sensible" or "prudent"?

[jeffian] 08/12/2020 11:04

I'm not sure I liked the use of the word "modest" in relation to the reinstatement of a dividend. Companies always seem to get very mealy-mouthed about this subject - the most common tends to be the word "re-base" - when they could simply just say "cut"!

[sphere25] 08/12/2020 09:31

Moved really well this. Well done to all those continued to hold longer than I did.

It's another forecast beating statement, but the price is well through the pre-Covid highs now, and it isn't like the revenue is significantly ahead of last year.

The market is clearly looking forward, but it's easy to forget that these monstrous share price moves are now pricing in significantly more than they were pre-Covid crash, which ultimately means a much greater emphasis on the delivery having to be bang on the money.

Will they all deliver?

All imo

[paraguay] 07/10/2020 07:42

Nice RNS today. Not doing as bad as expected thru covid,upgraded their FY downgrade, saying will finish just shy of PY. Possibly a small divi at year end. Time these shares moved upwards a bit. Steady business, being managed well. DYO research.

[lord mandelbaum] 06/8/2020 09:10

New to this company but have been flirting with the building sector (houses and bricks) and have just read the Edison report out today which is favourable and shows a well managed company IMO with, all things considered, very decent fundamentals and a track record of healthy growth.

Chart is lovely and the share price has just bipped above the 20 MA and looks a strong buy to me. I'm in.. good luck all.

[lastoneout] 28/7/2020 06:45

Looks like they are recovering well