LK Hyman
23 Mar 2017
This puppy is flying! There's only one thing to say:[link] should stop today's rise in its tracks!LKH on the flybridge tracking steadily north east
Rhigos
23 Mar 2017
Re: Trading Update LKH,I have done 3 top ups of HLMA holding since first substantial purchase in Sep 2014. Now my 8th largest share holding 3.69% of total. Feel comfortable at this level. HLMA used to be my fastest rising share but now superseded by XPP and III. REL faster riser than later purchases of HLMA at yesterdays close. HLMA will move up in ratings at today's close if it hangs to 6% rise.Good performing shares that I have bought in the last year tend to outperform as it is hard for a share to maintain an excellent rise each year over several years.
valuemanbuyer
23 Mar 2017
Re: Why doubt this company? Fully agree. what price consistency to meet expaectations over many years . Also , the large increases in EPS over time make this score holding for me (5% ). Broker target 12.50 with a 15 % increase in eps expected for '18.
survived2crashes
23 Mar 2017
Why doubt this company? I don't know why anyone would doubt this company. Still my largest holding and I suspect will be for many happy years to come.
LK Hyman
23 Mar 2017
Re: Trading Update Hardboy,Yeah, what you said.What the sam heck are "multi-spectral imaging solutions"?Interesting choice of new auditors ... I wonder if they chose PwC before or after their recent Oscars clusterfuck?Halma is a fine company. I wish I had invested more than [checks] 1.5% of my shrunken wad in it.LKH on the flybridge
Hardboy
23 Mar 2017
Trading Update Didn't say much; but what it said was reassuring. Profits will be in line with expectations. Growth is solid as order intake continues to be ahead of sales. Sales increased in all major geographic regions. So sales up, profits up & the outlook for continued improvement. Whether that justifies the high rating the shares are on we shall see, but as a long term hold, things look good.
Hugh Betcher
03 Feb 2017
Re: Big rise today Probably a response to positive broker not from Barclays on quite thin trade more than anything.Halma remains a quality stock worth buying without having to believe speculative comments about a potential takeover.
survived2crashes
03 Feb 2017
Big rise today Over 5% rise today. Could be prime target for takeover in the current markets. Have said before the sum of the parts is potentially far more than the current price. Dyor
Rhigos
02 Feb 2017
Some recovery showing Nice to see HLMA outperforming market today.A company that shares some things with HLMA in that same sector and a specialist market is XP Power Ltd (XPP). A FTSE Small Cap company specialising in high integrity power supplies. I bought a smallish value of XPP shares in September last year. I picked them out because of their good yield and overall return. Forecast yield 3.86%, forecast EPS growth 7.77%, ROCE 28%.SP of XPP up over 7% since I bought so far so good. Apologies for off-topic.
LK Hyman
22 Dec 2016
Re: no reason to short Rhigos,The FT says the fall is partly down to a decline in ROCE over the past few years. I haven't actually looked at that metric, but perhaps I should do.Out of interest I compared the charts of Halma and Renishaw, which I feel are broadly comparable with one another and they're neck and neck over five years.Obviously disappointed that Halma is currently falling a fair bit but, hey, it's only money and Halma have an excellent long term record. I shall hold.LKH on the flybridge
Rhigos
09 Dec 2016
Re: no reason to short tejo, "The sp may have got a bit ahead of itself as often happens and this is reflected in the high P/E"The current PE is as you state high at 31.5 but the forecast PE is 23.7 which is lower than 3 year average of 25.8. If you believe analyst's forecast that is not main concern, though IMO opinion forecasts a bit optimistic. I believe it is other value indicators I mention in my previous email and the falling returns that are the real problems. Sadly I think SP will decline further but having waited too long to sell will now hold for the longer term and (fingers crossed) recovery.
tejo
09 Dec 2016
no reason to short I can see no reason to short Halma which would appear to be an attractive company, in the right sectors, with a good growth track record. The sp may have got a bit ahead of itself as often happens and this is reflected in the high P/E. Personally, I would expect the sp to go sideways for a while until earnings rise to support the valuation.
Rhigos
08 Dec 2016
Re: Being shorted, 1.10% of shares Little chance of my limit order at 947 being met today. Because my broker company only has option for orders being cancelled at market close will be cancelled at 16:30.Looking at fundamentals there are indications of declining value.Price/NAV 5.4, 3 year average 4.5Price/FCF 31.2, 3 year av 23.7EBIT yield 3.8, 3 year av 5.6 Returns have also fallen:ROE 18.6%, 3 year av 21.1%ROCE 15.0%, 3 year av 19.1%CROCI 12.0%, 3 year av 14.0% Considering these fundamentals it is not surprising SP has fallen. Question is will they improve or deteriorate more? In all fairness they are not bad, but not as good as in the past.
valuemanbuyer
08 Dec 2016
Re: Being shorted, 1.10% of shares One big difference mate - HLMA consistently increase earnings . It's fallen with the dollar weakening . It doesn't pay to get against a winner like HLMA.
LK Hyman
07 Dec 2016
Re: Being shorted, 1.10% of shares Rhigos,Two noddies are shorting Halma. I wouldn't worry about either of 'em, m8.LKH on the flybridge long Halma so that's all right
