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Halma safely delivers profits and dividends: There is one word synonymous with electronics group Halma safety. Halma manufactures safety systems, such as fire protection in commercial buildings and security sensors. There were no surprises in results – adjusted pretax profits increased by 10% to £153.6 million in the 12 months to March 28. Revenue rose 7% to £726 million. The U.K. business reported the fastest growth rates across developed markets, with revenue up 8%; while in emerging markets, Africa and the Middle East raced ahead with revenue up 33%. The profit margin improved over the period, and the company generated good cash flow and cut debt, despite driving growth by acquiring companies. The market consensus is for pretax profits to increase 8% to £161 million, giving 33.2p in earnings per share. That leaves the shares looking awfully expensive, trading on 23 times forecast earnings, for a company delivering single-digit earnings growth. This is a good company with a fantastic track record of dividend safety but we wouldn’t buy at these prices. Halma at 760.5p+3.5p. Questor Says “Hold”.
Shorts, I use Accendo market day trader platform.
Hi I'm new to share dealing I was wondering what company I can use to short stocks ? Ideally it would be cheap and easy to use and I may be able to use it for a sipp ?
Just got out of my SHORT position, Now this is setting up again for a very long term rise but watching for a day or so.
Now live 605.50p....time to sell
Halma: UBS ups target price from 600p to 620p maintaining a neutral rating.
Back in again now, but this time it will rise allot more than 5-10%
Noticed this at weekend when it was 578.50p & just bought 592.50p, Only in for a 5%-10% rise if i can get it.
Halma: Investec lowers target price from 730p to 715p, while leaving its buy recommendation unaltered.
This comps got a mention on the Midas page again..glass.......
Another acquisition, another 3% growth. This share should be in anyone's portfolio. Never spectacular, always delivers. Expect 10-20% a year on average plus increasing divi's. Long may it continue
This has been a great share over the years - always below the radar; however, Barclays have now said its target price is up from 430p to 540p and upgraded the stock to overweight. Looks like there is now some serious traction - I'll keep it as the dividends are good, there is excellent management in place doing sensible bolt on acquisitions and there is always a chance of a buy-out down the road when someone recognises the real value in this conglomerate! GLA
"This financial year we have made five acquisitions and one disposal. All acquisitions, including MicroSurgical Technology and Longer Pump, which were acquired in December 2012 and January 2013 respectively, are trading well and in line with our expectations," the group said in a statement. "We have maintained strong returns and achieved good cash generation, which provide us with the financial capacity for further acquisitions and investment. We continue to search for opportunities across all of Halma's market sectors." Halma said there have been no material events or transactions impacting the group's financial position, which remains strong.
Environmental technology health and safety group Halma said based on current trading and forecasts, it expects adjusted profit for the full year to be in line with market expectations. In an update ahead of its results for the year ending March 30th, the group said regional and sector trading patterns reported for the first six months of the financial year have been maintained. Across its geographical regions good growth has continued in the US and Asia whilst tougher trading conditions remain in the UK and Europe. Its Industrial Safety sector performed strongly while Health & Analysis was boosted by recent acquisitions. Good performances in Health Optics and Fluid Technology offset weakness in Photonics. Elsewhere Infrastructure Sensors made solid progress with the expected improvement in Elevator Safety and softer trading in Automatic Door Sensors.
Halma: Investec increases target price from 515p to 550p keeping a buy recommendation.
well done keep it up MM dont see the potential you should
Halma: JP Morgan moves target price from 415p to 435p maintaining a neutral rating.
The acquisition, which is expected to be immediately earnings enhancing, has been funded from Halma's cash and debt facilities. Andrew Williams, Halma's Chief Executive, said: "Longer Pump's alignment with Halma's growth drivers is strong. Sales of their products are driven by increasing demand for healthcare and healthcare research, as well as the urbanisation and industrialisation within China. "Their significant local market knowledge and technical resources will help our Fluid Technology sub-sector accelerate growth in this important region. "There are also opportunities for Halma to contribute to the growth of Longer Pump, utilising both the network of regional hub offices which Halma has established within China and the worldwide reach of our Fluid Technology businesses."
Health and environmental technology group Halma has completed the acquisition of Thinketron Precision Equipment Company and its subsidiaries, Baoding Longer Precision Pump Company and Langer Instruments Corporation. The latter, which is based in the US, distrubtues Longer Pump products, which manufactures and markets peristaltic, syringe and gear pumps used in laboratory, medical and industrial applications. The initial cash consideration was around £23.7m, with a deferred consideration of £0.3m, which will be paid on the agreement of the net tangible asset value. Existing management of Longer Pump and LIC will remain in place and will continue to operate the business supported by new board members appointed from within Halma China.
Halma: Investec raises target price from 505p to 515p keeping a buy recommendation.
Big trade.....
Halma: Panmure Gordon cuts target price from 370p to 365p, sell recommendation kept.
Andrew Williams, Chief Executive of Halma, said: "Halma made good progress during the period, achieving record revenue and profit and strong returns. Our focus on building strong positions in markets with sustainable, long-term growth drivers such as Health and Safety regulation, increasing demand for healthcare and the need for life-critical resources (including energy and water) is providing both resilience and opportunities to grow. Order intake continues to be slightly ahead of revenue and Halma remains on track to make further progress in the second half of the year." During the period the group made three acquisitions and one disposal, and said its acquisition pipeline "remains healthy". As a result of these transactions, net debt increased to £74.1m at the period end compared to £18.7m at March 31st. Taking acquisitions, disposals and currency rate changes into account, Halma estimates that the underlying organic growth rates at constant currency were as follows: US up 2%, Europe up 0.3% and UK down 2%. The return on sales edged marginally lower from 20.5% to 20.4%. Cash and equivalents at the period end totalled £43m, compared to £41.7m the previous year.
Safety, health and environmental technology group Halma delivered a six per cent rise in both revenue and profit, prompting the company to increase its interim dividend payment from 3.79p to 4.06p per share. Revenue for the 26 weeks ended September 29th totalled £298.1m compared to £280.0m in the 26 weeks ended October 1st 2011, while on the same basis adjusted pre-tax profit climbed from £57.5m to £60.8m and adjusted earnings per share rose 5% from 11.75p to 12.34p. The strongest revenue growth was since in Asia Pacific and Australasia, with revenue up 17% including 32% growth in China. The company reported a good overall revenue performance in developed regions, with the US up 19%, which offset weaker demand in the UK and Europe, where revenue was down by 3% and 6% respectively. Revenue growth of 6% was seen in Africa, Near and Middle East and the Americas (ex-USA), and as a result the total contribution to the proportion of revenue from outside the UK/Europe/USA increased to 25% of the group total (2011/12: 23%), in line with the group's goal of 30% by 2015