Haynes sleuthed
Posted on July 8, 2008 by Richard Beddard
Filed Under Companies |
Today, I’m losing myself in the Grand Canyon du Verdon, but here’s something I hope you’ll enjoy. My Share Sleuth column in Money Observer. It’s on Haynes publishing (HYNS), which I’ve mentioned before. Here it is on the Interactive Investor mothership. And here’s a .pdf of the magazine page in all its sleuthing glory.
One correction, I’m afraid. I said Haynes’ market value was £14m. The majority of Haynes shares aren’t tradable on the stockmarket because they are ‘A’ shares, which only the Haynes family can own. They have the same voting rights and receive the same dividends and other payouts as ordinary shares. So, while the market capitalisation of the company (defined as the number of shares on the market multiplied by the share price) was about £14m, the value of the company, including the ‘A’ shares is considerably more - just over £28m.
The FT published an article on Haynes recently. It didn’t mention the company’s acquisition of Vivid, which takes it into garage workshops and the professional market for digital car data and blueprints, which I think is significant.
We agree on one thing though. Big name + low price = worth consideration.
Share Sleuth eh 
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thanks for linking to the articel, intresting reading.
[...] Haynes Publishing (HYNS) Sleuthed. [...]
[...] picked Haynes (HYNS) in July 2008 to be the first company profiled in a new column, Share Sleuth, for Money Observer [...]