So there is a capital reduction? Anybody alive on this board?
So there is a capital reduction? There is a capital reduction. When is the cash going to be distributed out? This share has under-performed the market the last 12 months and we got stitched up on the recent placement offer. About time Tyman management rewarded the longer term holders.
Re: Thanks for the placement Timing is everything in life! They've grabbed an opportunity to make a purchase and arranged the necessary funds asap. In the short term, as a small sharehlder, I'm not happy with the price fall.However the cost of offering us shares, and the time it takes, may have prevented them from grabbing the opportunity. It may still not complete. I'm in for the longer term and will reserve judgement until I see results over the next year or so. Whilst we couldn't buy at 2.90 free of expenses this may still be a buying opportunity near that price for some to average down.
Thanks for the placement Well the CR at 290p certainly pulled the rug from under the share price and the small shareholder like me never even got the chance to buy in to this good deal. Not happy with this Tyman!
Tyman seems well placed I rate Tyman a buy as they seem a well run company and also well placed to benefit from Trump corporate tax cut's and the continuing upgrade of properties in the US as jobs and pay rise. Also continuing regeneration of areas devastated by the 2007 financial crisis.I note one of my better performing funds Investec UK smaller co's funds (YFIAAL) has recently added TYMN and hold 2.2%. The fund also holds Sophos and Fevertree both growth companies and both doing well so they seem to have the balance for growth stocks right.
Re: thoughts? Management have a good record, with successful acquisitions and one large disposal along the way. Many years ago the group was called Lupus and the idea was to buy and sell companies at a profit. Since then the group has transformed themselves into a building products group with very experienced management from within that sector.The group has managed to diversify into other countries and their track record suggests thus will continue. Suspect the shares will continue to perform well and we should see steady growth in terms of profitability.Reg
thoughts? [link] on this anyone?
Re: Any views on Tymans performance I wonder who that is!From memory he got out at 20p.
Re: Any views on Tymans performance Good performance...............reasonable divi return.hang on in there
Re: Any views on Tymans performance Today's results have been well worth waiting for. A certain former shareholder may be covering his eyes.
Any views on Tymans performance This has been a v.quiet BB considering the performance of the share over the past few months. I'd be interested in any views.
Mail- Midas "MIDAS SHARE TIPS UPDATE: Hold on handle maker Tyman as the firm's profits surgeTyman makes parts for doors and windows, such as locks, handles, hinges and sealants. It also sells security systems, including wireless burglar alarms and CCTV monitors.The company derives about 65 per cent of its profits from the US and Canada, 25 per cent from the Continent and Asia and the rest 10 per cent from the UK.Midas first recommended Tyman in May 2013, when the company was in the early stages of a recovery programme and the shares were 207p.We looked at the firm again in March 2015, by which time they had risen to 313p and we suggested that investors sell 25 per cent, but keep hold of the rest.Today, the price has slipped to 283¼p, despite better than expected interim figures last month. At this level, there is definitely upside potential for the shares.Sales for the six months to June 30 rose 14.6 per cent to £201million, while pre-tax profits were 33 per cent ahead at £24.5million. The interim dividend is up 12.8 per cent at 3p.The US was the star performer, which is particularly encouraging as it is Tymans largest division. The Continent is making progress and other parts of the world are mixed Latin America is down but the Middle East is strongly ahead.UK profits were up, but Tyman chief executive Louis Eperjesi says homeowners were cautious even in the run-up to the EU referendum and he expects them to be more so in the months ahead.Overall, however, he is confident about the future. In the US the company is expanding into commercial property such as office blocks, schools, hospitals and warehouses and in June bought American company Bilco as part of that strategy.Meanwhile, the US residential market is in rude health and expected to continue in that vein.The group also benefits from the dollars strength against sterling, because it has such a large US business.Brokers expect full-year profits to increase by 22 per cent to £55million, rising to £64.3million in 2017. The dividend is likely to climb marginally from 8.8p last year to 8.9p this. In 2017, however, a more substantial gain is expected, to 10.2p.Midas verdict: Tyman shares fell before the referendum, when it bought Bilco and partially financed the deal with a share placing at 225p. The stock has bounced back since and should prove resilient in the months ahead. Hold. "Read more: [link]
Re: Bogus "hostile takerover" phonecall Another caller today on the same supposed hostile takeover. I told her there was no such takeover being planned by anyone who wanted 51% of the company and that she was running a scam. On each pause from me she carried on with her script. regardless. As most of my shares are in nominee I asked her to tell me how many shares she thought I have (less than 50) - She hung up. Number not recognised 0017778861674
Positive Edison report Of course we shouldn't really expect anything else as progress does look good and Tyman are clients of Edison.See; [link]
Bogus Thanks Patrick. I would make James Brotherton or Kevin O'Connell aware of this. Reg