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Just over half Hayward Tyler’s revenues come from aftercare and this should provide an increasing amount of business as the group expands.
Just in case you missed it lol We look forward to updating the market with further detail of our continued good progress on Thursday 20 April." Make of it what you want but good progress to me sounds like good news not bad.
Best of luck with that one with bank holiday either side of the weekend and announcement being made on 20th you may be short of money next week
The company is in default so at the mercy of its lenders,re both any new financial loan terms and any low ball predator offer, and its house broker finnCap have forecast a £4m loss for the year. Grim, so I've taken a small short here.
45 planned for Japan alone. http://www.platts.com/latest-news/coal/sydney/japan-plans-to-build-45-new-coal-power-plants-27762428
https://www.google.co.uk/amp/www.proactiveinvestors.co.uk/companies/amp/media_files/7276
Next couple of days could be a scramble for any shares sold.
I still have that feeling there could possibly be a suitor from North Eastern Asia joining in on the fun
Today's announcement was a combination of orders so most likely been received over a period of days. Sounds very upbeat and confirmed his previous announcements of delivering delayed orders. Hence why I think we will see more before 20th.
May have delivered to customers as much in February & March combined as total in the previous 4 months. Will therefore be interesting to see where the financial year end order book stands.
My hunch is that long term debt financing has now been sorted by HAYT and RBS. They'll both "sleep on it" over the long Easter weekend, then give the arrangement any final tweaks prior to announcing it on Thursday 20th. The SP will take a leap forward then work its way steadily back to 80pps as confidence in HAYT (now on a stable platform) returns. An AVG bid will of course change things. Contracts news will continue.
Not doubting you Graham but what makes you think further contract announcements will be made prior to 20/04?
Would prefer that finance is sorted especially as new contracts seem to be starting to confirm the £30million delayed orders. Could see further contracts before the 20th imo.
About time -after a dearth of new orders that makes £10.5m announced in the past month. Look forward to 20 April.
Not read that bit, so either finance sorted or possibly due diligence completed.
"We look forward to updating the market with further detail of our continued good progress on Thursday 20 April." Now WHAT does that mean????!!!!!
Should add a couple of pence to the sale price. Very nice.
12 April 2017 Hayward Tyler Group PLC ("Hayward Tyler" or the "Company") Contract Wins Hayward Tyler Group plc ("HTG", the "Company" or "Group"), the specialist engineering Group, comprising the operating companies of Hayward Tyler and Peter Brotherhood, is pleased to announce the following update on new order wins, totalling £3.7 million. Through late March, the Group secured a number of new major contract wins. In the aftermarket business these contracts, with a combined value in excess of £1.0 million, are for replacement motors for the Indian conventional power market. The contracts are to support continued operation of 600MW and 500MW coal fired power stations in the states of West Bengal and Jharkhand. All units will be delivered to customers in this fiscal year. On the Original Equipment side the Group has also secured an order for eight electric submersible motors in an order worth over £1.5 million. These motors are for a seawater lift application in the upstream Oil and Gas market, with the end destination being an Israeli facility in the Mediterranean Sea. The motors will be delivered in this fiscal year. Finally, the Group won two contracts, worth over £1.2 million, for three glandless boiler circulating pumps with Chinese boiler manufacturers. The pumps are for two 1,000MW coal fired power stations in China and one 660MW coal fired power station in India. All three units are due for delivery during the current fiscal year. Chief Executive Ewan Lloyd-Baker commented: "We are very pleased to announce this series of contract wins in addition to those already announced in March as evidence of our ability to convert our strong pipeline into order intake. Importantly, these awards are for a range of our products, servicing the varied end-markets across key geographies for the Group. We are anticipating revenues for our financial year just completed in the range of £60-65m as previously highlighted in our announcement of 20 February 2017. We look forward to updating the market with further detail of our continued good progress on Thursday 20 April." The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. 1 Trading represents the underlying performance of Hayward Tyler and Peter Brotherhood together with head office costs For further information please contact: Hayward Tyler Group plc +44 (0)1582 731 144 Ewan Lloyd-Baker, CEO Nick Flanagan, CFO FinnCap Limited, NOMAD and Broker +44 (0)20 7220 0500 Matt Goode / Emily Watts, Corporate Finance Tim Redfern / Tony Quirke, Corporate Broking Akur Limited, Corporate Finance Adviser +44 (0) 20 7493 3631 David Shapton / Tom Frost / Siobhan Sergeant Buchanan Communications, Financial PR +44(0)207 466 5000 Charles Ryland / Chris Judd / Jane Glover Ab
Yep, rinse and repeat :)
Heading North?
Who sold never mind with this spread they can buy back at inflated prices. MM's making easy money.
21K shares bought @47p after the close. Tomorrow will be a better day.
We'll see; could be nothing more than trend trading. Last Monday they went down at the close but were up strongly on Tuesday. Hard share to trade with the spread often 10% or more.
Something not going right with AVG talks I guess
6p ! Over 13%. Sale just went throught at 43p, buy quote 49p!