Hardboy
22 Nov 2016
Re: Not all good news in results The large rise in Pension deficit is probably a factor too
Rhigos
22 Nov 2016
Not all good news in results Net debt up from £93.4 in 2015 to £237.3 in 2016 a 254% increase.ROC down slightly by 0.9% from 14.7%.Unless there is another factor it would appear market not impressed with result as SP price, on a day when FTSE 100 up strongly getting on for 1%, HLMA down sharply over 2%.I am hoping extra borrowing being used to grow company and in time add value. EPS increased sharply so it would appear money being put to good use.The increase in dividend is welcome but HLMA is a growth stock not a high yield income one.The last broker recommendation on 7 Nov, by JP Morgan Cazenove, was neutral. Broker consensus is hold.Fundamentals data I have not yet updated by latest results but show several, although strong, are weaker than their 3 year historical values. For the last two and a bit years HLMA has been the most consistent over performing share in my portfolio of 40 odd shares. SP has on average been growing at a rate of 23% pa. Two year trend is 28.5% pa (to Mondays close, recently SP slipping).Trying to turn down my enthusiasm for HLMA I feel it might be time to take profits. In the hope of being persuaded I'm being overly pessimistic I will put my view as a (very) weak sell.Perhaps time to invest more in commodity shares that have been strong recently.
taffytiddler
22 Nov 2016
Re: Divi up again!!! Hold on tight, it a proper bucking bronco in the first hour. Yeee haaa.TT
survived2crashes
22 Nov 2016
Divi up again!!! Profits up, divi up, prospects bright. In a world of trouble and uncertainty the good shipHalma sails serenely on.
valuemanbuyer
08 Oct 2016
Re: Gold cross on Wednesday As we head inexorably towards parity with the $ Halma looks likely to continue to trend upwards imho. Thank the Lord it is a dollar earner.
LK Hyman
07 Oct 2016
Re: Gold cross on Wednesday Rhigos,"Statistics point towards about 40% of gold crosses followed by outperforming SP in following year."Zat so, m8? Now I'm not a statistician meself, but that says to me that 60% of gold crosses are followed by UNDERperforming in the following year.Wotever. The world needs Halma's widgets so long as water pipes leak and lifts need doors to open and fire alarms continue to be in demand.LKH on the flybridge wishes he had more of Halma but there you go
Rhigos
07 Oct 2016
Re: Gold cross on Wednesday LKH,Gold crosses are handy as indicator for further research. I have discovered good companies from them. Statistics point towards about 40% of gold crosses followed by outperforming SP in following year. Broker consensus Hold so agrees with you. Although valuation indicators suggest may be overvalued the growth indicators are strong e.g. forecast pre-tax profit growth 34%. Earnings good with ROE of 18.6%. 2 year SP chart shows consistent upward trend. 10 year dividend growth each year and increases getting larger though forecast yield of 1.3% is modest.If I had less than 2% in HLMA even at current SP I would top up. Though perhaps not today when SP +3% 
LK Hyman
06 Oct 2016
Re: Gold cross on Wednesday Rhigos,A gold cross, eh? Be still, my beating heart! I pay no heed to these raindrops running down the window but I do like Halma which represents [checks] 1.6% of my shrunken wad. They do seem to be well represented in industrial areas where the world wants the widgets that they produce.The price is fairly high, mind, so I doubt that I'll buy any more than I already have.LKH on the flybridge
Rhigos
06 Oct 2016
Gold cross on Wednesday There was a gold cross for HLMA on Wed (rising 60 day Simple Moving Average crossed by rising 20 day Exponential Moving Average) which is viewed as a buy signal. There are many fundamentals that are bullish as well. The best share I have bought in the last 3 years and SP performance has been remarkably consistent.Have topped up 3 times and now my 6th largest shareholding out of 40, at 2.61% of total value.
valuemanbuyer
10 Aug 2016
Re: Another new high So long as there's consistent growth in earnings, dividends and returns and with uncertainty keeping the pound low I don't see any reason or concern . Who knows how silly it could get when real uncertainty takes hold on next couple of years . I personally have wondered the same but concluded that my money is ever in here than almost anywhere else and would only sell if it reached say 30x earnings
Yertiz
09 Aug 2016
Re: Another new high Keeps pushing the ceiling ever higher - certainly seems Brexit immune and investor friendly. Not too far to go to be £11 - who thought that was possible a year ago? I shall keep running my profits and moving my stop loss accordingly
Yertiz
28 Jul 2016
Re: That £15m trade on 27th July at 14... Was it a buy or sell? Whichever it was, it wasn't me! Can't be too far from FTSE 100 listing at these levels - perhaps some trust pre-empting inclusion?
lifetime guarantee
28 Jul 2016
That £15m trade on 27th July at 14
4 That was substantial. Will we get a notification of significant interest in the total holding?
Yertiz
26 Jul 2016
Re: Value ? sorry typos Melrose have had 2 large cash returns to shareholders in the last 4 years and still maintained their structure and ethos throughout. I used the returns to purchase more, now holding over 2k shares with the rights issue to holders offered as 12:1 @ 95p to purchase Nortek. Going to cost me over £25k but so confident am I with the management performance in maximising potential from acquisitions in the past I will gladly invest that sum. Seems the market is agreeing this is a good deal as the share price has gone up and up over the last few weeks. Halma is in a slightly similar position, with three constituent parts to the whole group, each possibly and potentialy being worth what the group is valued at currently, that is the exciting bit for me plus having strong management and direction makes for a win/win in both companies for shareholders.
Rhigos
26 Jul 2016
Re: Value ? sorry typos Just had a quick look at Melrose SP chart. +57% this month and over 150% last 12 months. Well done for buying into that sort of performance. Thought name rang a bell a bell. Just checked I bought in Jul 2004 and sold in Oct 2004 at 240.25p for a loss. Looking back at SP they must have had a share consolidation as chart shows SP around 74p back in Oct 2004.
