mcescher
14 Mar 2016
Re: From III It is probably the same couple of analysts providing the data but this would agree... [link]
nk1999
27 Feb 2016
From III Tipped as one of 3 AIM shares for growth:[link] Tyler85.5pSpecialist pumps and motors supplier Hayward Tyler (HAYT) has performed well despite being exposed to the oil and gas sector. Acquisitions and a large installed base that generates strong aftermarket revenues will help the company to grow.Hayward Tyler has a strong brand and good relationships with major customers in the power generation and oil and gas sectors. In power generation there are organic growth opportunities. Management expects a much stronger second half after reporting lower revenues and flat profit in the six months to September 2015, largely due to the timing of new orders and reduced demand from oil and gas customers.Hayward Tyler supplies boiler circulating pumps (BCPs) for power stations and subsea motors for the offshore oil and gas sector. Although the company is small relative to larger rivals, such as KSB (KSB), because it has been trading for two centuries it has the largest installed base of BCPs in the world. That provides strong aftermarket income. Hayward Tyler also supplies subsea motors that enable more oil to be extracted from offshore fields.The product range has been widened through the acquisition of Peter Brotherhood, formerly a subsidiary of Siemens (SIE), which makes steam turbines, gas compressors and Combined Heat and Power units, and has an installed base of 1,500 units in total. This is an earnings enhancing deal.At the end of 2015, Hayward Tyler raised £8.4 million at 90p a share in order to reduce borrowings following the Peter Brotherhood acquisition and investment in the Luton facility.The placing will dilute earnings but strengthen the balance sheet, with pro forma net debt expected to be £14.3 million at the end of March 2016. There is potential to sell and lease back the acquired company's 11.5 acre Peterborough site for around £6 million.Oil and gas is around 5% of total revenues so it is unlikely to go much lower when maintenance spending is taken into account. In the full-year, underlying pre-tax profit is forecast to increase from £4.4 million to £5.1 million with an additional boost from a lower tax charge. A dividend of 1.4p a share is forecast.Next year, the acquisition of Peter Brotherhood will boost profit. There is also a new deal with Ebara Corp of Japan which will help Hayward Tyler to access the Japanese market. A forecast 2016-17 profit of £6.8 million will put the shares on less than 10 times prospective earnings.The business has a strong base and longer-term growth should be supplemented by recovery in oil and gas sector demand. "nk
Carefully Does It
09 Jan 2016
click on this - i would agree for hayt catalyst could be an approach from a bigger player.they would make a good bolt-on to various industrial/energy engineering groups.[link]
gretel
06 Jan 2016
Tipped by Finncap for 2016 Finncap have today released their top picks for 2016 - HAYT is one of them, with a 113p target price (I also own CHT, which is another of their top picks):[link] Tyler, meanwhile, designs, manufactures and services performance-critical pumps - used in situations where failure would be catastrophic.Shares climbed 15 percent to 93p each last year and finnCap’s David Buxton believes a further 20% gain is achievable in 2016."
gretel
29 Dec 2015
Tipped by Finncap HAYT were featured in Finncap's monthly investment round-up in November - note the increased forecast of 10p EPS next year:[link] Tyler plans to improve BrotherhoodSpecialist pumps and motors supplier Hayward Tyler has widened its product range and boosted its earnings per share by acquiring the business of Peter Brotherhood, which became part of Siemens after it acquired Dresser Rand. Peter Brotherhood was a non-core asset and it makes steam turbines, gas compressors and CHP units, with an installed base of 1,500 units in total.Hayward Tyler is paying $15m (£9.87m) for the acquisition, which is similar to net assets. In 2014, Peter Brotherhood made an underlying operating profit of $3.2m on revenues of $46.7m. Operating margins could be improved to 10% in the coming years. There is also scope to cross-sell to the two customer bases.The deal is funded by debt so pro forma net debt is expected to be £22.6m at the end of March 2016. There is potential to sell and lease back the acquired company’s 11.5 acre Peterborough site for around £6m.The deal is forecast to enhance earnings by 14% to 10p a share in 2016-17 – the first financial year following the acquisition. That puts the shares on ten times prospective 2016-17 earnings.Hayward Tyler holds a strong market position and it continues to prosper even though oil and gas markets are difficult. The construction of new test beds, which is part of the investment in the facilities at Luton, has just started and the project should be completed by July 2016.Capacity should double and working capital requirements will be lower."
gretel
29 Dec 2015
Tipped in Mail on Sunday Nice mention in Sunday's Mail on Sunday - HAYT was one of their winning predictions for 2015, but today's article concludes "the best is yet to come":[link] Tyler is an engineering group that specialises in top-of-the-range electric motors and pumps, used in situations where failure is not an option.Last January, the shares were 78p. Today they are 92.5p and supporters believe the stock should rise to more than 120p over the coming 12 months.About 70 per cent of the group’s customers are in the energy and nuclear sectors around the world, including in America, China and India. A Centre of Excellence is opening next year in Luton, Bedfordshire, to improve design and manufacture and double capacity.The company also recently acquired Peter Brotherhood, a business whose products complement its own.Brokers expect profits to increase by 15 per cent to £5.1 million in the year to March 2016 and by 33 per cent to £6.8 million the following year, as the Luton site comes on stream and Peter Brotherhood is integrated into the business. Midas verdict: Hayward Tyler shares have done well but the best is yet to come. Hold."
gretel
18 Dec 2015
RNS : Oryx buying more shares Good to see Oryx continuing to buy. They now have 11.06m shares, up from 9.66m in October, so quite an increase, perhaps partly or all from the placing:[link]
gretel
11 Dec 2015
Cantor intiate coverage - Buy, 120p target Nice - Cantor's today initiate coverage on HAYT with a Buy and a 120p target:[link]
gretel
07 Dec 2015
Nuclear opportunities for HAYT There are truly staggering opportunities and figures involved in nuclear decommissioning: - Western Europe has 150 plants to decommission by 2030 - the UK sites alone will cost £70 billion plus to decommission - the NDA's current year expenditure is £2.91 billionA big article in this week's Shares Magazine points to HAYT's opportunities in the nuclear sector, particularly as HAYT are involved in both the new build and decommissioning aspects of new and old facilities:Extract:"NUCLEAR IS CENTRAL to the UK’s energy policy over the years ahead because of its ability to provide solid base load power into the grid and help the country meet carbon emission targets.Britain’s conservative-led Government pulled out all the stops during the visit of Chinese communist party chief Xi Jinping to get spades in the ground on a proposed nuclear plant at Hinkley. Enlisting Chinese financial firepower to get the estimated £18 billion project off the ground, as well as the offer of generous financial incentives, highlights the desperate state of the UK’s energy situation. All but one of the UK’s 16 nuclear facilities across nine sites are due to shut down by 2023. Together, those plants generated around one-fifth of the energy consumed in the UK in 2014. Years of under-investment and delays on energy infrastructure projects mean progress on the Hinkley Point C facility is now a national imperative. Another two projects of roughly the same size as Hinkley would be needed merely to replace the nuclear capacity expected to go offline in the next decade. Planned investment in nuclear plants at Hinkley and elsewhere should provide investment opportunities in the years ahead."
thirty fifty twenty
19 Nov 2015
placing at NIL discounts = good sign at 90p a placing was always on the cards after the PH acquisition,it is quite rare to see a placing be above the recent share price trading of the past few weeks.it does confirm that the fall from the recent highs was not a reaction to 'disappointing results',but more likely some leakage of a placing price at 90p so why hold in the market at 100p.thus ironically, its puts the recent results in a better light and gives more confidence in mgt very positive forward looking views.I also think it confirms what a great deal the PH acquisition was..to tie into the vendors reporting timetable they had to act quickly...thus it was some quick bank finance set up, with the placing to come in time...1 - to me this means that vendor was a 'forced seller' thus good price achieved2 - HAYT very highly regarded by banks for them to provide such a level of finance at a cheap rateso regardless of what the RNS say these to me confirm that this is a growth business on a modest rating....All IMHO, DYOR + BoLHAYT is in my portfolio
Cornishknocker
18 Nov 2015
Peter Brotherhood is going to come into its own with that.
gretel
18 Nov 2015
New energy policy good for HAYT Britain's revised energy policy, to be announced today, centres on gas-fired and nuclear power stations - which is very good news for HAYT.Loads of big contracts to be won:[link] gas and nuclear plants to see off coalBritain needs a new generation of gas-fired and nuclear power stations, the energy secretary will say today as a leading think-tank warns of the growing threat of blackouts.In her first major speech on energy policy, Amber Rudd will say that the new power stations will replace dirty coal-fuelled plants. New nuclear power plants at Wylfa in Wales and Moorside, near Sellafield in Cumbria, are expected to provide up to 30 per cent of low-carbon electricity bv the 2030s and create 30,000 jobs, she will say. etc"
gretel
21 Oct 2015
Moving up to new highs today Nice 50k buy at 94.25p just reported....Also FYI, two interviews with Finncap's analyst and HAYT's CEO post-results and the acquisition. Interesting that the CEO is prepared to definitively state that the share price is undervalued at present:[link]
FKInvest424
14 Oct 2015
F.K. Investments HAYWARD TYLER (HAYT) I bought at 89p on 14th of October 2015. Valuation looks very good and it passes Zulu Principle screen. Check for more: [link]
tejo
12 Oct 2015
Acquisition Agree it looks good but wonder why it is so cheap? Next important milestone will be when we can se another set of results on a like with like comparison.
