Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
VERMONT, USA – Hayward Tyler, a global leader in performance-critical pumps and motors for the energy sector, has been awarded a $4.6M contract to supply a canned-motor pump package to support US ITER. US ITER is a Department of Energy Office of Science project managed by Oak Ridge National Laboratory in Tennessee. The ITER project is a joint international research and development project with the programmatic goal of demonstrating the scientific and technical feasibility of fusion power. The demonstration facility is under construction in St.-Paul-lez-Durance, France, and will be the largest fusion experimental reactor in the world.
Hayward Tyler’s canned motor pump package will be an integral part of the Vacuum Vessel Primary Heat Transport System (VV PHTS) and consists of four (4) pumps that will be designed, built, and tested at Hayward Tyler, Inc. in Colchester, Vermont. The pumps will be in accordance with various international and project-specific standards and delivered to the ITER facility on behalf of the US ITER program.
Spurts of activity in the shares of late. Anyone aware of the source?
Although a long term holder since before Ken Kroeger got involved I have not commented on this company before. As a shareholder it has been very difficult to know where our funds were or are being spent/deployed and every couple of years there has been some major supply ****-up and/or inventory write off. What a carry on. Throughout there have been senior personnel including directors not lasting long. Recently if I recall correctly the farce of what was described as 'senior management in transition'!...with both the Chairman & CEO fleeing. The revolving door is continuing with more senior personnel giving up. I wonder what all these escapees know that shareholders don't? About time we did!
Agree - and with financial year end (31 May) just past hopefully a trading statement before end of June.
Pleased to see the shares firming up and in the absence of published new news.
Steady as she goes!
Encouraging to see our largest and longterm shareholder adding to his holding (up from 9.8% to 10.3%). I presume all the 180k share trade at 224p last Friday.
Information has sent the shares better ahead of AGM to be held later this week.
Hello anglehardy - have not heard any rumours (source?) as to acquisition process but would not expect to! However when I read the CEO's comment accompanying the recent Interim Results his wording as to monitoring/evaluating acquisition opportunities etc. perhaps suggested to me that they were getting closer to making one. Net cash >£70m and unused bank facility of £50m. You say current share price (back recently from 370p) surprises you - in what way? It would not be too great a surprise to me if at some stage they became a target themselves
There is no quick answer to your question. The academic report you refer to is at least 7 years old. Both Deltex & Lidco have made substantial changes to their monitors since then. Initially their monitors were each configure to their
different approaches (ODM versus PPWA) to monitoring cardiac output by using displays they considered most appropriate. Deltex's very latest monitor can be used to monitor both approaches. There are arguments as to which of their approaches is best in different situations. Deltex has far better clinical evidence but from being ahead has been losing out to Lidco in the UK where relative cost may also come into it and/or their better targeted marketing. Lidco has made little progress overseas while Deltex already has major use in France via a distributor and the USA using a different marketing strategy to that they have used in the UK. Sadly Deltex for reasons it would be too complicated here to go into has promised much and so far delivered little while squandering shareholders money raised with monotonous regularity. They might still just make it on their own but will probably need yet further injections of capital to do so. The best outcome now would probably be for Deltex to be taken over by someone with the both capital and management nous to maximise the potential of their enhanced ODM system forward . I'll leave others to comment on Lidco's prospects.
Hi the_shareminator - New work for Peter Brotherhood is encouraging (but with no detail wonder whether it is navy related) as is also the speed with which the integration of acquisitions has been completed .I agree that the shares are undervalued but 250p we may have to wait a further update with the annual results in early October. Otherwise the next leg up may be occasioned by some positive news on box project deliveries from Metalcraft to Sellafield.
This is a stock that seldom gets commented on. As a holder I have noted there appears until recently to have been both an ongoing persistent seller and a matching buyer for several months around 22p - of late since the trading statement the shares have established some momentum in an upward direction with a greater number of small buyers also appearing and competing as buyers. Any thoughts from other holders or interested parties?
Shareminator I am in agreement with your assessment but returning to 2.4-2.5 may have to be preceded by an encouraging statement with the Interim figures due next month. My earlier suggestion as to December 2017 SP proved too optimistic but it was made before the Final Results in September 2017 when the Chairman chose to add some words of caution as to the task ahead of them. In that respect the recent trading statement as to progress with integration and an improved trading outlook was welcome news.
Sorry- correction - actually not yet overdue as was on October 11 last year - so due very soon!
Last year(2016) there was a trading statement on October 7.
Reading the small print:- This disclosable event is as a result of the acquisition of Hargreave Hale Limited by Canaccord Genuity Group Inc., through its wholly-owned subsidiary Canaccord Genuity Wealth Group Holdings (Jersey) Limited. Hence no reduction in the Hargreave Hale holding or in Mr Allsop's .
Possible that the shares will remain volatile while weak former holders of HAYT look to exit. Avingtrans got a good business at a bargain price largely because the HAYT management during the last 18 months or so was cack handed and left the business exposed. There will inevitably be both exceptional merger and integration costs to come followed by some cost savings. As to where the AVG share price heads from here; important will be both what is said at the time of the AVG Prelims due towards the end of this month and likely to be followed by brokers reports which ought to be supportive as to the medium term. As to predicting share price I think on anticipation of future progress 270p is possible by Christmas with a further leg up once they start to deliver the goods. Any other thoughts?
Reports from Avingtrans and Hayward Tyler Group meeting say all resolutions carried by requisite majorities. Avingtrans share price has recovered to the level 238p when the offer was first made, but Hayward Tyler Group share price aat 47p still lags a bit. Seemingly only the Court to satisfy now for the merger to proceed. Where next?For holders inclined to remain shares will hopefully be more marketable and while there ought to be scope for some further modest progress versus the market in this financial year it may be necessary to wait until the next financial year for a better rating.
Annual Report of HAYT - 129 pages to read! -'Poised for Growth'
The HAYT SP is presently largely determined by the AVG SP which on its own is justified by its cash holdings and forward order book. That the HAYT SP is at a slight discount to the merger proposal terms principally reflects the risk the deal will not proceed for some reason. If one thinks the deal will be done and that looks likely then HAYT is essentially a cheap way into AVG. It is a good deal for AVG and once it is a done deal and the logic of the merger is better understood by the market (following brokers notes etc) the potential of the combined business ought to be reflected in a progressive improvement in the AVG price once the deal is completed. I agree ELB did do a good job over the years but the BOD completely screwed things up big time on a number of fronts all at the same time over the last year or so. That HAYT's balance sheet was stretched was clearly a problem but less so if the required order intake and hence forward order book was in place. If it was then the BOD and the committed larger shareholders would I think not be supporting the present terms. The HAYT preliminary figures claimed a record order book but that suggestion was due to the addition of Peter Brotherhood and in reality the order book was higher in early 2017 than at the end of March 2017. My reading is that they have been struggling to get the orders in otherwise we would have heard much more of them. Despite sterling weakness part of the problem appears to have been converting many OEM order prospects into orders in a timely manner or at all! Seemingly HAYT has been devoting additional resources to securing those or similar orders but that takes time. Meantime AVG has no certainty of HAYT short term revenue stream (or maybe it has via due diligence!) and has for its own shareholders to pitch its terms to reflect that. I get the impression that many contributors to these threads have been there to make a turn and already done so but those (perhaps a minority) in for the longer term ought to do well relative to the current price by staying with the merged businesses.