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Which suggests they have a buyer
Understandably quiet here while we wait so thought I would reflect on some of the posts over on the ADVFN board. All the scare-mongering (and I'm justified in using that term) looks like hot air now. We have slipped a bit since recent the recent 57-58p highs but firmly seated around this 45-50p level. There has been no placing rushed through which some had suggested was coming. Instead we have seen some sensible updates regarding new orders, trading results and the approach by AVG. This comment by thorne resonates with me and dated a couple months back shows some level headed thinking on the posters part, kudos to them in light of all the chatter concerning imminent dilution. "One of the factors behind the delay in funding negotiations is probably the desire of the Directors to sign up some or all of the £30m of orders which we have been informed could take place in the short term.A favourable outcome in this respect would boost confidence all round.Interestingly the fact that RBS are happy to extend their £2.4m facility to the end of March is a clear indication that they have no intention of taking precipitate action and moreover see no need to do so.All this goes to show what a few jittery shareholders can achieve against a background of a slowing order intake and unsatisfactory funding arrangements.Let us hope that the Board has learnt its lesson and that this otherwise impressive company can power into the sunset once again without too much equity dilution." The 28th April was the last we heard about the banking facilities. " it continues to have constructive discussions with its bank, Royal Bank of Scotland ("RBS"), regarding a suitable long term financing structure to support the longer term prospects of the business. The Group also continues to discuss have constructive discussions with RBS with respect to the repayment of £2.4 million of short term banking facilities and the annualised measurement of the financial covenants, both of which have been extended from 30 April to 31 May 2017." It's anyone's guess whether talks will be extended further, most likely they will be and we will receive an update next Wednesday. However the upshot is an update comes prior to this detailing new financing arrangements which reduces the risk element of this stock considerably. Given there are only 6 trading days left until the end of the period I would suggest it is more likely to come in June or beyond. We will see
Watch for buying prior to then. Should give us an indication of what's happening
I'm shi**ing myself Wanglii. There you go I said something! No trades, no chat, no nothing . . . what is going on here? Just hoping that AVG don't make an offer, or if they do it's North of my 67p target . . . Just finding this odd in that we are due 2 highly important announcements from these boys this week and not 1 share traded hands today! Bizarre.
For heavens sake somebody say something. No posts since last Thursday
They can offer what they like and point to the pre-offer price to show what percentage improvement the offer is to that price. A ramped up share price on thin trading has no meaning to a bid for the entire company. There'd be no point in shorting because AVG want to aquire shares, not sell them. If they short then that would be known and all they'd achieve is wasting money on spreads and commissions. Good news today on contracts and if th emarket had been in a good mood, these would have been mid-fifties by the close.
Why would there be no point when they are looking to make an offer lol. If the SP was 70p they could hardly offer 50p now could they
Don't be daft; there'd be no point. It just hasn't gone up so much because it is a bad day for the markets due to the Trump slump.
Could AVG have have someone shorting this
EdGasket - well done getting in at that price! I was going to buy earlier this week with some free funds elsewhere but turns out I couldn't free them as easily as I thought lol. Still SHG has given me a nice 10% in two weeks or so and I've ploughed that in here today. FY results are out on 28th June and by then we will receive some guidance on the outlook for this year (being 3 months into the quarter at that point). This will likely be well received given the increasing number of contract wins, the ongoing discussions regarding takeover and the very real likelihood of a long term financing solution being agreed in the next month or two. I do believe we are valued far too low for the EBITDA and cash generating potential this year and in future years. The last year was obviously tricky because of increased capital spend and spreading ourselves too thin on so many projects that completed later in the year (H2) and early this financial year. But this should be behind us soon enough. I hope any bid forthcoming is rejected because long term this should deliver many multiples of the current stock price back. Yes, that would require building a liquid cash pile and reducing the debt somewhat but it should also translate to £10-15m profit per annum in the not too distant future. Expecting £6-8m this next year assuming no terrible surprises.
Is having a non-executive director with a large shareholding a help or hindrance to an agreed merger? And what about the same question as regards CEO?
Large trades to follow?
http://haywardtyler.com/2017/05/09/fsubsea-and-hayward-tyler-powering-ahead/
To come possibly http://www.edina.eu/page/236/CHP-to-reduce-energy-and-CO2-at-new-Edinburgh-hospital-development.aspx
Can't see RBS turning down future loans whilst a U.K. company are exporting to china.
. . . wider number of subsea wells than can currently be economically accessed using existing technologies. University of Edinburgh partnership Hayward Tyler has also been working with The University of Edinburgh, to develop a generator to harness wave energy and convert this to power. The C-Gen Neptune generator has been developed to a working prototype and has now secured £2.5m funding through Wave Energy Scotland to build the first units for production and testing offshore, of which £0.75m relates to Hayward Tyler's involvement over the next 24 months. Hayward Tyler is ideally suited to manufacture and develop this technology, having recently completed the build of their Centre of Excellence, the world's most advanced facility for specialist motor manufacture, with testing capabilities designed for their submersible, fluid filled electric motors, including 4m and 7m test pits and permanent magnet clean facilities. Chief Executive Ewan Lloyd-Baker commented: "We are delighted to be announcing these new contract wins which confirm that momentum is continuing to build throughout HTG. We are proud to be supplying our performance-critical products to these projects, to both new and returning customers, and it remains integral to our international growth strategy as we service a broadening end-market. "We are also very excited by the research and development programmes that we are party to. Our work with both FSubsea and with the University of Edinburgh demonstrate our ability to work in partnership with some of the work's finest engineers to deliver technological advances that are likely to have very tangible benefits to their respective sectors."
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 that the Group has made further progress and won several new orders totalling more than £2.1m from key customers. Highlights · Over £1.5m contract to deliver a 9MW steam turbine to the world's largest biomass power station, currently under construction in the UK; · £600,000 contract with Dongfang Boiler Group for two boiler circulating pump ("BCP") units for the new Tian Ming 1000MW Ultra Super Critical power plant in Sichuan Province, China; · Strategic alliance with FSubsea moves into full-scale prototype development of the Hydromag autonomous subsea boosting development programme, following agreement with Aker BP, Lundin and NOV; · Working with the University of Edinburgh on the development of the C-Gen Neptune generator to harness wave energy, which secured £2.5m in funding through Wave Energy Scotland. Contract wins The first contract win is for a Peter Brotherhood 9MW steam turbine mechanical drive. The contract is valued at over £1.5m, is for delivery in early FY2019 and will be for the world's largest biomass power station due to start commercial operation in 2020. Critically, this order win demonstrates the versatility of end-market applications for Group products and a broader addressable market. Hayward Tyler has also secured another order with the Dongfang Boiler Group to provide boiler circulating pumps at the new Tian Ming power plant in Sichuan Province, China. The 2x 1000MW Ultra Super Critical power plant is currently under construction and the contract is the second BCP order from Dongfang Boiler Group this year, following the Ennore contract win recently announced. Research and development FSubsea strategic alliance In April, 2016 FSubsea and Hayward Tyler announced the formation of their strategic alliance agreement with the adoption of Hayward Tyler's subsea motor technology as part of the innovative FSubsea Hydromag autonomous subsea boosting development programme. FSubsea, a winner of this year's OTC Spotlight on New Technology Award, announced earlier this month that Aker BP, Lundin and NOV had signed an agreement to develop and test a full-scale prototype of the world's most autonomous boosting system. With this news, the prototype will now be tested offshore following extensive factory acceptance testing and as a result of this the Hayward Tyler motor and qualified penetrator technology has been selected for adoption to support the subsea deployment of the system. The FSubsea order for the Hayward Tyler penetrators reflects the strong collaboration and confidence in their respective technologies that both businesses believe hold the key to unlocking single and multi-phase boosting solutions for a far wider n
Doesn't sound like a company with funding problems to me keep the contracts coming
looking good.
Bought 3500 @ 47.4p Rinse and repeat. Would have waited for 47p but can't watch it tomorrow.
Too high; I need 47p; maybe later this afternoon when MMs get desperate; spread too wide at the moment with sells going through at 45p
no more a probability than the opposite or a somewhere in between scenario surely? anyhow, we'll know soon enough . . .
No of course it is not privileged info but it doesn't take too much experience to view it as a distinct probability
Wanglii, some pretty specific assumptions made in your post. Bearing in mind that as far as I can see nothing has yet been disclosed, why such a pessimistic post? Are you privy to something that the rest of us aren't?
Couple of bored private investors does not make a summer. Not over till the fat lady sings 🤑