Halma Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9519619
http://otp.investis.com/clients/uk/halma/rns1/regulatory-story.aspx?cid=140&newsid=243660 By mutandis13 ]]> http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=9519619&action=detail Mon, 09 Apr 2012 14:33:00 GMT mutandis13 tag:iii.co.uk,2003:tst.9324144 Newspaper Briefing Broker Views
http://bit.ly/y9e7eU By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=9324144&action=detail Tue, 21 Feb 2012 06:24:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9303931 http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=9303931&action=detail Thu, 16 Feb 2012 17:06:00 GMT survived2crashes tag:iii.co.uk,2003:tst.9302632 http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=9302632&action=detail Thu, 16 Feb 2012 14:13:00 GMT polterlooser tag:iii.co.uk,2003:tst.9299483 http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=9299483&action=detail Thu, 16 Feb 2012 06:51:00 GMT survived2crashes tag:iii.co.uk,2003:tst.9114240
www.dividendmax.co.uk

http://www.dividendmax.co.uk/sectors/electronic-and-electrical-equipment/companies/halma By performer ]]> http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=9114240&action=detail Mon, 02 Jan 2012 10:18:00 GMT performer tag:iii.co.uk,2003:tst.9104613
www.dividendmax.co.uk By performer ]]> http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=9104613&action=detail Tue, 27 Dec 2011 18:53:00 GMT performer tag:iii.co.uk,2003:tst.9020911 Nick Fletcher
Thursday 1 December 2011 11.58 GMT
guardian.co.uk
http://www.guardian.co.uk/business/marketforceslive/2011/dec/01/capital-goods-bid-targets

Six UK groups tipped as possible bid targets by Credit Suisse
Analysts look at capital goods companies which may prove attractive to large global players


With a number of bid approaches in the last six month for UK capital goods businesses - including Charter and Hamworthy - analysts at Credit Suisse have been looking for further targets.

The bank estimates that the larger global players have firepower of around $130bn at their disposal, and has identified six companies which could be attractive to predators. The list does not include GKN, down 3.1p at 191.4p, which was recently rumoured to be in the sights of US group Quest Global Engineering.

The six identified by analyst Jonathan Hurn and the Credit Suisse team are:

Spectris [down 14p at £12.38] : A structurally better company this cycle versus last with a strong track record of cash generation. Currently trading on a 17% discount to the sector on 2012 estimated earnings and to US peers who in our view remain potentially the most likely suitors.

Rotork [down 8p at £18]: Trades at a 60% sector premium on 2012 estimated earnings. However, prospective global Capital Goods M&A enterprise value/EBITDA multiples have averaged 10.6 times over the last 18 months (higher for oil and gas assets) versus a 2012 enterprise value/EBITDA multiple for Rotork of 10.4 times, thus valuation is not a constraint, in our view.

Fenner [down 4.7p at 387.3p]. Global leader in heavy weight conveyor belting. Mining equipment suppliers increasingly looking to supply a complete suite of products to their customers. Caterpillar recently acquired ERA mining machinery on a prospective 12.5 times earnings. Fenner trades on 6.1 times.

Halma [down 4.4p at 340.8p]. A specialized business model but one that has overlap with US peers.

Laird [down 8.1p at 148.8p]. Chief executive Peter Hill's recent stepping down due to illness might prompt potential acquirers such as US based Cooper Industries to revisit Laird once its lock-up on the previous failed bid expires in February 2012.

Weir [up 16p at £20.76]. 51% of group earnings will be derived from oil and gas, predominantly upstream, in 2012. We see the desire to broaden product, increase regional exposure and add economies of scale to foster more combinations within US oilfield services. Weir trades on 8.9 times 2012 estimated enterprise value/EBITDA. The acquisition of Well Support (Wood Group) by GE equated to a prospective 14 times. By SpikeyDT ]]> http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=9020911&action=detail Thu, 01 Dec 2011 14:48:00 GMT SpikeyDT tag:iii.co.uk,2003:tst.9001122 http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=9001122&action=detail Sun, 27 Nov 2011 19:03:00 GMT mutandis13 tag:iii.co.uk,2003:tst.9000964 I will reply on maintel board By valuemanbuyer ]]> http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=9000964&action=detail Sun, 27 Nov 2011 17:58:00 GMT valuemanbuyer tag:iii.co.uk,2003:tst.9000395 ')" target="_new" rel="nofollow">http://www.maintel.co.uk/Home

Their cash balance exceeds their equity, so negative capital employed and are slated by FinnCap to grow earnings by almost 50% this year and over 30% next. Dividend yield is not bad either, over 4% on this year's expected declaration.

I'm not a holder, but have had them on my watchlist for about 6 months. Be interested to know what you think. By mutandis13 ]]> http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=9000395&action=detail Sun, 27 Nov 2011 12:55:00 GMT mutandis13 tag:iii.co.uk,2003:tst.8999015
I met the management of DOM back in about 2006 and only sorry I did not invest back then, as I was very impressed with the team. It's the high P/E rating that probably put me off then, but obviously it was deserved.
By mutandis13 ]]> http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=8999015&action=detail Sat, 26 Nov 2011 12:44:00 GMT mutandis13 tag:iii.co.uk,2003:tst.8992367 If everything were as reliable as Halma.....
Ps I know very little about halma - it's a newish holding . By valuemanbuyer ]]> http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=8992367&action=detail Thu, 24 Nov 2011 18:30:00 GMT valuemanbuyer tag:iii.co.uk,2003:tst.8992343 I make it 21.5% -79m on 367m - half year results don't provide the fairest numbers probably.
I agree with you but equally it's probably the best way of determining the most important factor of all- the return made for the money invested.the best company is one that uses little capital(and low or no incremental increases in capital) to generate increasing returns over time as Buffett found with Sees Candy .i think Dominos Pizza is the best in the country unless you can think of a better one ? By valuemanbuyer ]]> http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=8992343&action=detail Thu, 24 Nov 2011 18:23:00 GMT valuemanbuyer tag:iii.co.uk,2003:tst.8991611 http://www.iii.co.uk/investment/detail?code=cotn:HLMA.L&display=discussion&id=8991611&action=detail Thu, 24 Nov 2011 15:16:00 GMT EssentialInvestor