Member Info for flundra

All looks pretty good. This “vexatious” appeal looks to me to be a bit more than “vexatious”. Perhaps not much more, but we’ll have to wait and see. Interesting how the sell price was fiddled around with over the last few days on no reported trades and no news...

Yes Rinkidink. ORM/Saloro consider that to be “merely vexatious”, and I’m sure that description is deliberate, with its legal connotations. https://en.wikipedia.org/wiki/Frivolous_or_vexatious Even in rural Spain you’d hope (like in England) it would be thrown out of court quickly with a costs order against the claimant, if it is indeed vexatious in the legal sense. With the W price trending upwards, the pieces of this jigsaw might fall into place just at the right time.

Interesting Peakview, and good luck. I think WLFE is well-priced atm, with a commissioned mine and nice off-take agreements in position and an improving W price, as you say. I’ve done the opposite from you though, and reduced my holding in WLFE, because I see it mainly as a play on the W price now, with the added fear that it may try to expand into new projects (and get ii equity funding to do so at a discount to the sp) at what might be the wrong time. Hopefully ORM will get Barruecopardo up and running soon. At face value the recent RNSs suggest good progress towards this. Commissioning the mine and getting income flow helped by an improving W price should put the SP back where it belongs. If it happens, and BKY’s project proceeds too, it could really put the area back on the map, and quite quickly. That would have wide benefits, including to ORM’s SP. I kind of get the feeling I’m right on my own about ORM atm though....never a good place to be!

Forgive another post from an overenthusiastic newbie. Below is the latest interview with the MD of BKY (the uranium project just a few miles from Barruecopardo). The last few minutes are about the depressed local economy/unemployment issues, and the social benefit and employment that project is bringing to the area. Some read across to ORM. http://www.proactiveinvestors.co.uk/companies/stocktube/4967/berkeley-energia-chief-seeing-a-lot-of-interest-in-salamanca-project-4967.html It does seem that ORM’s project is well advanced, and some progress can be anticipated soon, but the funding, tungsten prices and the glacial pace it’s moved at recently are frustrating to say the least. If the overwhelming local support for BKY’s project is reflected here in ORM, and the appeal in the compulsory purchase process is indeed vexatious as ORM believe, I’d hope the appeal could be dismissed quickly, hopefully with a massive costs and damages order against the appellant, and things can then move on apace. I also wonder if now’s the time ORM could start spending a bob or two more on some marketing and PR. Raise the profile, and sell the benefits the project will bring locally in particular. Generate some wider interest and momentum. BKY’s project is benefitting from that approach. It looks like the LTHs here in ORM have had to watch the tumbleweed for too long now.

Yes, particularly if you compare that with the likes of Rotork (on 17%+). The recent expansion through acquisition and investment, and the quality partners, should help to bring P/E up in due course. The lag might be explained by the relatively recent financial problems, wider market sector malaise, and HAYT's small size. But it's now a well-managed, dynamic business, which should continue to attract increasing attention.

I’ve stuck a toe in the water here. Looks like an interesting project. The tungsten price seems to be improving which will hopefully give it impetus. Lots of weary long-suffering LTHs here well overdue a reward! I’m also in BKY, which is a large uranium mining project just commencing development, a short distance from Barruecopardo. The 2 projects could perhaps end up helping each other, whilst breathing economic life into this area. Both should bring in jobs and help develop/improve existing mining expertise. The whole might end up greater than the sum of the parts.

http://www.proactiveinvestors.co.uk/companies/news/125276/hayward-tyler-rises-on-back-of-strong-order-intake-125276.html

Agreed Rivaldo. The nuclear sector is noticeably prominent too. SP's sagged a bit over recent weeks, so a good time to buy imo

Hayt is tipped again @ 85.5p in an article about AIM growth shares for ISAs in this publication from interactive investor. It's written pre the sale and leaseback of Peterborough.

http://www.iii.co.uk/articles/298091/three-aim-growth-shares-your-isa There's no mention of the nuclear sector in this article, despite nuclear seeming to be of increasing importance to HAYT. In its results 2 weeks ago, Rolls Royce's nuclear division (which posted very good results despite the wider problems at Rolls) announced it would be focussing this year on developing civil nuclear development opportunities. I suspect HAYT may do likewise.

finncap's tip re-hashed here. http://www.iii.co.uk/articles/287111/11-small-cap-winners-2016

Another good one. HAYT seem to be a bit of a darling atm, and long may it continue. Nice to be able to raise cheap debt, and to offer placings without dilution. And in large amounts. This sentence jumped out at me: "Additionally, the investment made into the Centre of Excellence combined with the Civil Nuclear Sharing in Growth programme will assist in positioning Hayward Tyler as a provider of equipment to the new build nuclear industry in the UK." I think that's the first time NEW BUILD's been mentioned in the RNSs. Whilst Nuclear has been significant for HAYT's growth, the RNSs have been about spares hitherto. Some chunky contracts from Hinckley etc coming perhaps?

Yes nice interims. OK it would have been nicer to have stronger trading profits and revenue from OE manufacturing, but within context there's nothing untoward here. I had a couple of thoughts. I've noticed in the RNSs over the last year how the Nuclear sector seems to be increasing in importance to HAYT, and the interims show that Nuclear has grown significantly. I wonder whether there will be anything for HAYT in Hinckley C if that ever gets the go-ahead. So far I've not seen them in any preferred bidder lists, nor indeed as partners in any meaningful sense with any preferred bidder. Some OE and AM business there would be nice. Also, I see the interim dividend has increased fractionally. I guess that enables HAYT to tick the "progressive dividend" box, whilst continuing to re-invest profits in growth. This allays one fear I had, viz that Oryx were there to squeeze out the cash too fast - no sign of that.

http://www.proactiveinvestors.co.uk/companies/stocktube/4260/hayward-tyler-to-revive-peter-brotherhood-brand-post-acquisition-4260.html

The only downside I can see is a bit of internal tension when the Hatters play Posh! I particularly like the funding arrangements of this. For RBS to have funded it all, and more, at a rate of ca 4%, is incredible. Time for the long overdue re-rate to £1+.

http://www.proactiveinvestors.co.uk/companies/news/116113/ceo-says-hayward-tyler-will-rejuvenate-peter-brotherhood-brand-116113.html

North Atlantic Smaller Cos Inv Trust seems to be one of the two funds offered by Harwood Capital (the other being Oryx). It's listed with a £300m market cap. Like Oryx it has an Active Investment bias. So with a rapidly acquired 20%+ shareholding between them, they clearly have an agenda, but what that is remains to be seen.

Anyone know how this is going? HL's round robin on 23/9 said it was 35.34% at that point.

yes I can dummy sell all of mine fractionally above the bid price today. Couldn't yesterday.

Not much to complain about here! And what looks like a chunky II £66k buy this morning. Imo the board are playing this very well. Luton may well come on line just as activity starts to really bubble. I also wondered if there was any significance in the RNS wording putting the nuclear sector first in the new contracts bit. It's good news if that sector is showing signs of life.