wastamoney
22 Jun 2015
Nice tick up, a sign of good results tomorrow I wonder!
gretel
10 Jun 2015
Oryx buying and above 11% now RNS out - Oryx continue to buy, another 1m shares in the last 3 weeks taking them to 5.25m or 11.54%:[link]
gretel
15 May 2015
Excellent new coverage Http ://www.proactiveinvestors.co.uk/companies/news/80140/big-picture-hayward-tyler-to-get-its-motor-running-80140.html"BIG PICTURE: Hayward Tyler gets its motor runningJohn Harrington May 14 2015, 10:30amBritain may not be the workshop of the world any more, but it has a proud engineering history in which Hayward Tyler (LON:HAYT) has played its part.Established 200 years ago, the supplier of electric motors and pumps has undergone a rebirth this decade that has not gone unnoticed, judging by the recently announced deal with FMC Technologies, the global market leader in sub-sea systems.Industry is often being urged to take a risk and invest in modern plant and machinery, and Hayward Tyler has been doing just that, expanding and upgrading its Luton facility so that it is, in chief executive Ewan Lloyd-Baker's words, a centre of excellence.The FMC deal is just one form of pay-off for that investment; FMC has chosen Hayward Tyler to manufacture permanent magnet motors for use in FMC's 3.2 megawatt sub-sea pump systems.More than that, FMC has agreed to contribute US$2mln to the development of the Luton plant, in what Lloyd-Baker described as “the final piece in the jigsaw” in terms of funding for the plant.The government's Regional Growth Fund has chipped in with £3.5mln towards the Luton redevelopment, and in January the group inked a £3.0mln secured loan note programme, the second tranche of which is due to be issued at the end of July, so the market should not be concerned about the prospect of an issue of equity to fund the upgrade.That being the case, what has been holding the share price back since 2014 after two years of scintillating share price growth? The two word answer is: energy prices.The stalling of the share price has more or less coincided with the rapid decline in oil and gas prices, and the expectation – largely justified – that this would lead to a lessening activity in the oil & gas sector.Oil & gas is just one of the sectors Hayward Tyler addresses – it also serves the power markets (conventional, nuclear and renewable), the chemical sector and general industry – and, in fact, the sector provided less than 10% of the firm's revenue last year, so concerns have been overblown.Despite wanting to play down the significance of the oil & gas sector to the company, Lloyd-Baker also believes the sector can be a “game changer” for the company, even in the current cost-conscious environment, and told Proactive Investors “the deal with FMC is testament to that”.The Hayward-Tyler chief executive, reporting in from the Offshore Technology Conference in Houston, Texas, said there are some very interesting alliances being formed, “and this is very positive for us”.“There are a huge number of opportunities,” Lloyd-Baker avowed.Order intake backs this up, with the company revealing at the end of April that order intake in the 12 months to 31 March 2015 totalled £41.7mln. The company recently opened a new sales office in Shanghai to complement its existing service and overhaul facility in Kunshan, a city in the greater Suzhou region of China, so it clearly see growth opportunities in the People's Republic, while this morning's announcement for another after-market order from India clearly demonstrates the sub-continent is not being neglected either."We've got a broad industry spread, and we've got a very broad geographic spread, and that offers us opportunities in other markets," chief financial officer Nick Flanagan told Proactive Investors. On top of that, oil & gas contracts are usually priced in dollars, so the strengthening of the greenback against sterling offers some benefit as well."One of our core products is the sub-sea motors, and that helps customers to significantly reduce the cost of extraction, so in these cost conscious times, that's a help to them," Flanagan observed.House broker finnCap thinks the shares are undervalued versu
gretel
14 May 2015
New contract win RNS Good news today, but this RNS isn't so much about the quantum of the order - the key here is to inform the wider market of HAYT's pre-eminent position in a large market with huge potential for growth given India's energy requirements.The CEO's comments hopefully set us up for further order news as the year progresses.Finncap have a 113p target price and comment today as follows:"Hayward Tyler*: Contract win (CORP)The group has announced today that it has won an additional order valued at £0.5m, in the Indian thermal power generation aftermarket. The order is for spare motor and associated parts due for delivery in Q4 of this financial year and is destined for use at NTPC’s super thermal power plant in Korba, India. HAYT has 150 units installed at 26 of India’s largest thermal power stations, representing about 20% of India’s coal-based thermal power generation. No change to forecasts. The order comes hot on the heels of a positive trading update, as well as the highly significant new subsea alliance with FMC Technologies. The shares are attractively valued and remain at a significant discount to many industrial equipment manufacturers, trading on a P/E of 10x for the year just ended and 9.0x for 2016. With encouraging commercial momentum, we see good upside to the shares with a price target of 113p, based on a target of 14x for 2016. Today’s contract confirms our positive view of the shares."
gretel
06 May 2015
Positive interview with CEO New interview with the CEO here: http ://www.proactiveinvestors.co.uk/companies/stocktube/3731/hayward-tyler-ceo-says-more-opportunities-after-fmc-deal-3731.html - there will be more opportunities on the back of the company’s production alliance agreement with FMC Technologies, the big player in the sub-sea systems - O&G was less than 10% of the business in the last year, but O&G could be a "gamechanger" for the company. HAYT's products increase efficiencies etc - funding is now fully in place for the plant expansion, with no more needed
gretel
05 May 2015
Re: RNS : contract wins/partnership FMC are massive - this is a huge opportunity for HAYT. Take a look at these two recent subsea contract awards for starters:[link] FMC Technologies Awarded $393 Million Subsea Systems Contract for Eni's Block 15/06 East Hub Project Offshore Angola Dec 18, 2014 FMC Technologies Awarded $268 Million Subsea Systems Contract for Chevron's Agbami Phase 3 Project Dec 17, 2014
gretel
05 May 2015
RNS : contract wins/partnership Good news - integration of HAYT's products into FMC's should be a big boost for a £34m m/cap company like HAYT. FMC "has more than 20,000 employees and operates 24 production facilities in 14 countries", and "is the global market leader in subsea systems":[link] good of FMC to contribute $2m to HAYT for the expansion of the new production centre too.Plus we have another $1.25m subsea order by Eureka for Malaysia.
gretel
28 Apr 2015
Good trading update today Revenues in line, margins up and debt falling ahead of expectations.Forecasts per Hemscott from Finncap are: Historic : 7.4p EPS, 1.3p dividend Current year : 8.1p EPS, 1.4p dividendThat's well and truly a single-figure P/E.Finncap have a 113p price target. HAYT should make good progress towards that from here after this update, especially with this comment today: "The Board remains confident in the short to medium term prospects for the business"
Blanketstacker
30 Mar 2015
Re: Good news today Seems pretty decent, with good potential
ER 8.7PEG 0.9ROCE 20%Yield 2%The plant at Luton is being enlarged, and new business has recentlty been done in India and China. Branching out further into the defence sector is also interesting. I am surprised not to see more of an upward movement today. A more reasonable price here seems to be c80p.
gretel
30 Mar 2015
Good news today Encouraging trading statement, with HAYT confident that the results for the year just ending will meet expectations of 7.4p EPS (with a 1.3p dividend):[link] contract wins in India and China are reassuring - imagine the huge potential in those two territories.Intriguing comment too re the "significant interest" in oil and gas re greater efficiency etc.
tejo
23 Mar 2015
Big fall in sp Does anyone know why the sp has fallen sharply to-day, with many sell orders, please?
gretel
06 Feb 2015
Oryx go above 3% RNS - HAYT have a new substantial shareholder, with Oryx going above 3% with 1.5m shares:[link]
gretel
02 Feb 2015
New iii ticle tipping HAYT "Higher-risk growthHayward Tyler (HAYT) 82p; P/E ratio 11; dividend yield 1.6% Hayward Tyler's (HAYT) share price has tripled since summer 2013, and for good reason. The company has undergone a major restructuring, upgraded its manufacturing facilities in Luton, and exchanged one major shareholder for a collection of supportive City institutions. Now earnings are beginning to grow, and fast. Power stations need Hayward's expensive boiler circulating pumps, and its motors end up on oil rigs and deep undersea. It's a growing market, and Hayward is one of the best in the business. Earnings per share (EPS) are expected to rise by 13% in the year to March 2015, and 11% in 2016.
gretel
05 Jan 2015
Tipped for 2015 HAYT is one of the Mail on Sunday's only three share tips for 2015:[link] new high here soon - HAYT is currently on a P/E barely above single figures.
gretel
30 Dec 2014
On a bargain rating HAYT are on course to achieve: This year : 7.4p EPS, 1.3p dividend Next year : 8.1p EPS, 1.4p dividendWhich would make the current share price extremely cheap.Money Observer have also just written a positive piece on HAYT for their January 2015 magazine issue:"Hayward Tylers share price has tripled since summer 2013, and for good reason. The company has undergone a major restructuring, upgraded its manufacturing facilities in Luton, and exchanged one major shareholder for a collection of supportive city institutions. Now earnings are beginning to grow, and fast. Power stations need Haywards expensive boiler circulating pumps, and its motors end up on oil rigs and deep undersea. It's a growing market, and Hayward is one of the best in the business. Earnings per share are expected to rise by 13% in the year to march 2015 and 11 % in 2016."
