Posts in LSE:HYNS

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).

Haynes earnings up

Haynes Publishing's earnings before interest, tax, depreciation and amortisation rose by 21% to £4.1m in the 26 weeks to the end of November.

Boosted by the higher sales of its professional products range in Europe and positive exchange rate movements, group revenue ended the six-month period 15% ahead of last year at £14.0m.

Excluding foreign exchange rate movements, group revenue was 1% ahead of last year.

In the UK and Europe, revenue ended the six month period 34% ahead of last year.

Haynes acquires OATS

Haynes has acquired OATS Limited for a total consideration of £2.4 million. OATS is a niche technology business that provides information and productivity solutions for the lubricants sector of the oil industry.

Haynes has acquired 100% of the issued share capital of OATS, with £1.85 million payable in cash on completion and additional liabilities of £0.55 million assumed as part of the transaction, which are all payable within 18 months of completion.

Why Share Sleuth just sold Rolls-Royce

Why Share Sleuth just sold Rolls-Royce

Sometimes you must sell shares to buy new ones, and companies analyst Richard Beddard has done just that. Here he explains why, and what he did with the proceeds.

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 cut its price target to 150p (from 200p).

Haynes' warning

Haynes Publishing Group has warned that pre-tax profits before exceptional costs for the 12 months to 31 May will fall below the current market forecast of GBP2.6m by up to 30%.

It says this is due to weak fourth quarter trading in its US and Australian markets.

It says that in the UK & Europe, management is able to report a more positive position, with the group's consumer and professional businesses both performing in line or ahead of expectations.

The board has now fully evaluated the proposals of the recent Operational and Cost Review and agree with the Review's recommendations.