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Hayward Tyler Group Share Chat (HAYT)


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the_shareminator
Posts: 10,731
Off Topic
Opinion:No Opinion
Price:43.00
View Thread (2)
RE: Been telling you.................
19 Jul '17
Flundra - I don't know if prior to the vote the company will be obligated to state its trading position, I would hope so for transparency but I fear we won't hear anything until the next trading statement.

You make an important point regarding deferred revenue and this should boost figures for the current trading period.

We haven't heard much about new orders recently, but like you I suspect we are well on course to meeting targets and improving the company's financial position

Let us not forget even if the deal succeeds we will later benefit when the improved trading position is eventually released to the market. Now is the time to accumulate and vote against, but if resistance is not enough then hold and reap the rewards of a combined AVG HTG entity
 
Schrodingerscats
Posts: 42
Off Topic
Opinion:No Opinion
Price:44.00
Been telling you..............
18 Jul '17
Traded out. Trading clln with next share being watched. Gla.
chanjael
Posts: 153
Off Topic
Opinion:No Opinion
Price:44.00
RE: Been telling you.................
17 Jul '17
spell check!! Meant Wanglii
chanjael
Posts: 153
Off Topic
Opinion:No Opinion
Price:44.00
RE: Been telling you.................
17 Jul '17
Wangle, I'm history on this blog my friend. Popped in to see how things were but I sold out at a shade under 48p. To be fair I bought in at 41/42p so not too shabby. Oh, for what it could have been though . . . . GLA
flundra
Posts: 504
Off Topic
Opinion:No Opinion
Price:44.00
RE: Been telling you.................
17 Jul '17
One frustration here is absence of financial news.

We haven’t really had any news about cashflow since 31 March, ie nearly 4 months ago. The AR was very positive re FY 2018, eg improving sector conditions, record order book, low capex. Also the principal reason for low revenue in 2017 was explained by ELB as a cash flow issue, ie the orders expected to be completed in H2 2017 hadn’t gone away but were just “shifted to the right”, so those orders should now be being completed with the cash from them flowing in.

So now here we are nearly 4 months on. The news about cash in 2018 can only be good can’t it? Anyone else suspicious not to have heard anything?

I guess what must be disclosed atm depends on the applicable rules re mergers and what the bod wants to tell us. No surprise perhaps that a majority bod, wanting this merger to go through, is lying low. Not sure what to do about this, short of going to Luton with my shovel and electrodes...
the_shareminator
Posts: 10,731
Off Topic
Opinion:No Opinion
Price:44.00
RE: Been telling you.................
16 Jul '17
If HAYT fall to 37p and AVG remain at this level it will be a bargain for anyone buying in here assuming the vote succeeds. What is more likely to happen is AVG will track this lower and vice versa or rise in tandem up until the shareholder vote because the ratios have been declared. I don't see any reason why there would be a discount to AVG shares accounting for the proposed takeover ratio. The question is are people buying at this price looking to vote in favour or reject? If MC and associates are planning on declaring his hand with a counter offer that would be hugely beneficial for holders. Although I am disappointed HAYT board members have sat on their hands all this time, having not effectively pursued a refinancing deal with the bank, I do still believe value of my share holding will rise post merger. The risk element attached to this stock is largely a result of mounting debt due over the short term, our continued delay in repaying the due £2.4m and a stubbornly low cash-flow position. As part of the enlarged group the value of HTG must surely rise. There will be an immediate boost in shareholder value if this reasoning is sound. £15m spent on the centre of excellence! Now an extra £9m will see AVG take control of all assets, recurring revenues and customers and future profitable cash-flow. I may buy more. Certainly won't be selling on fear.
graham-wales
Posts: 31,887
Off Topic
Opinion:No Opinion
Price:44.00
RE: Been telling you.................
16 Jul '17
Yep sold up wanted the company to continue, bod sold out cheap no doubt for a position on the new board.
wanglii
Posts: 94
Off Topic
Opinion:No Opinion
Price:44.00
Been telling you...................
14 Jul '17
I follow this board with great interest. In fairness I have correctly predicted the share offer price (to within 0.4p I believe) and more importantly I have been suggesting for many months that we would be bought out for a song. A disgrace too but when did morality enter the equation when profits are concerned? My shares have now been sold (at a reasonably healthy profit sorry). I notice GW and Chanjael have gone very quiet on here and I hope that they too have sold whilst it was in the early 50's as I did. As prev stated I bought AVG at 223 and will retain until they hit 255-270. My advice would be don't wait around for the inevitable but instead sell and come back in November as matters settle at HAYT around 37p.DYOR and GLA
the_shareminator
Posts: 10,731
Off Topic
Opinion:No Opinion
Price:44.00
RE: Bid
14 Jul '17
dannatt - We won't ever know about the alternatives if the bid succeeds. Like flundra I agree refinancing would still be on the table, we began delaying the repayment of loans before we received an official offer so presumably the bank were comfortable extending discussions with HAYT. It was only later that AVG began their due diligence in the offer period although it may have begun earlier, it's difficult to know.

I would point out there is no chance of AVG "wiping out the debt". They have other pies in the oven which will require heavy investment in the coming months and years. I would expect if the deal is successful, they will repay the £2.4m and potentially secure a refinancing of debt, but will opt to retain the vast majority of its cash. I agree being a part of a larger entity we could have a more secure future but by no means will shareholders here be richly rewarded for supporting this company over the years. We are being bought out on the cheap. The future combined value may act as a ceiling especially given the uncertain trading performance AVG reported. HAYT had a much stronger second half in terms of operations by contrast.

Flundra - I'm still here but I'm not at my trading platform until 19th so I can't comment in too much detail. But I'm largely in agreement with your posts. I would add this deal if successful will save the disgraced ELB (in terms of sentiment) by projecting him into a position on an enlarged board of AVG directors, enlarging the HAYT group under new leadership and dealing with the outstanding loans. Ofcourse this would all come at the expense of shareholders but when has that ever stopped unscrupulous directors? The best thing we can hope for is a counter offer but failing that, this deal needs to fall through. Shareholders should
not be cowed into thinking plan A put forward is our best option when it only suits certain individuals and persons with an interest in AVG. Keep up the posts, enjoy reading here :)
flundra
Posts: 504
Off Topic
Opinion:No Opinion
Price:44.00
RE: Bid
14 Jul '17
If refinancing were impossible or even difficult, you surely wouldn’t have a senior bod member in Maurice Critchley not recommending this merger. It’s more about this rather nebulous concept of bod members’ “commercial assessment” imo. The split means there’s a very strong view HAYT’s future is best left in its own hands. The absence of news suggests to me that dealing with refinancing and good news is being delayed/suppressed.

I agree the sp might fall if the merger doesn’t go ahead, but imo only temporarily, because we’d also probably see a swift refinancing and hopefully release of order book/cash collection news. That will be being withheld atm. There’d be board changes too causing more uncertainty.

PS Where's our chum shareminator?! I don't know where his info came from but I think he was suggesting the merger option was being pursued because otherwise a placing was necessary to recapitalise, but this was being resisted by the bod (minus MC) as they lacked funds to participate and were playing dog in the manger by going for merger so as not to dilute themselves in the placing, and so that ELB could get a bod position at AVG. Sorry if I've misquoted you shareminator.




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