Posts in LSE:HYNS

Haynes schedules AGM

Haynes Publishing has confirmed that the Group intends to hold its Annual General Meeting on 8 November.

At 1:31pm: (LON:HYNS) Haynes Publishing Group PLC share price was +11.5p at 210p

Broker Forecast - Panmure Gordon issues a broker note on Haynes Publishing Group PLC

Panmure Gordon today reaffirms its buy investment rating on Haynes Publishing Group PLC (LON:HYNS) and raised its price target to 235p (from 225p).

Haynes to acquire Carweb's E3 Technical business

Haynes has reached agreement on the acquisition of the E3 Technical business from Carweb Ltd, a Solera UK subsidiary, for £4.72m in cash.

Haynes said the consideration was being funded from its existing cash resources and banking facilities.

The E3 Technical business consists of repair and maintenance information, vehicle registration mark look-up and an associated provision of helpdesk services.

The rransaction includes the acquisition of certain customer contracts, and employees from Carweb.

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Haynes revenues and profits rise

Haynes Publishing's adjusted operating profits rose by 28% to £3.2m in the year to the end of May.

Revenues rose by 16% to £29.8m with the acquisition of OATS Limited in December 2016, a leading global equipment and lubricants database, adding £1.0m to group revenue and £0.1 million to group profit before tax.

Revenue from the group's digital products increased YoY by 51% to £11.9 million (2016: £7.9 million) representing 40% of total group revenue (2016: 31%).

Other highlights:

- UK & European revenue up 35% YoY driven by HaynesPro growth in Europe and

Haynes schedules General Meeting

Haynes Publishing Group has confirmed that the Company intends to hold a General Meeting on 18 July to seek shareholder approval for the adoption of a long term incentive plan (LTIP) for senior directors and employees.

At 1:01pm: (LON:HYNS) Haynes Publishing Group PLC share price was -1p at 191.5p

FTSE opens higher amid ex-divs, sterling softness

The FTSE opened Thursday on a positive note, helped by sterling weakness against the dollar and euro, and apparently shrugging off the ballast of multiple ex-dividend stocks.

In early deals the FTSE 100 was up 31.73 points, or 0.42%, to 7551.68, while the FTSE 250 added 72.54, or 0.36%, to 20,044.7.

Haynes expects higher FY profits

Haynes Publishing Group expects like-for-like profit before tax and exceptional items for the 12 months to the end of May, excluding exchange rate movements, to be up to 15% ahead of the prior year.

A trading update said reportable profit before tax and exceptional items was expected to be c.40% ahead of the prior year, due, in part, to the benefit the group had seen from favourable exchange rates when revenues from its overseas operations were translated into sterling.

The update said: "In 2016-17, the Group continued to invest in its consumer digital solutions programme.

Director Deals - Haynes Publishing Group PLC (HYNS)

Alex Kwarts, Executive Director, bought 15,000 shares in the company on the 16th March 2017 at a price of 156.00p. The Director now holds 15,000 shares.

Director deals data provided by www.directorsholdings.com

Broker Forecast - Panmure Gordon issues a broker note on Haynes Publishing Group PLC

Panmure Gordon today reaffirms its buy investment rating on Haynes Publishing Group PLC (LON:HYNS) and raised its price target to 160p (from 150p).