fantastic order book,profits up 250+% , div increased , bullish forward statement and .......................................



B R E A K I N G O U T



B A R G A I N S T O C K

Tell us a bit more about it---.

During the 19th and 20th centuries, Freeman fox and partners and john taylor and sons built international reputations in the respective fields of highways and bridges and water and waste water collectively responsible for projects such as the Victoria Falls Bridge, Sydney Harbour Bridge, Humber and Severn bridges, the Shanghai Water supply and major water and sewerage works in Leningrad and Tehran. The two firms merged in 1987 to form Acer Consultants.
Acer Consultants was aquired by Welsh Water in 1993 and renamed Hyder Consulting in 1996.
When Welsh water Now named Hyder plc was taken over by Western power distribution the senior management of Hyder Consulting aquired the business in a management buy out in Jan 2001,
Recent projects include, Melbourne City Link,Emirates Twin Towers and the Cairo Waste water project.
More info on website where this came from. www.hyderconsulting.co.uk

Thanks Seadog, good solid company and the results look excellent. One for the ISA I think.

moneyplus:
Whats an ISA!!!!!!!!!

moneyplus:
I only know and have followed this since my wife ,a welshwoman bought welsh water at privatisation and subsequently did very well with take overs and buy outs, as you say a good sound company. SD

Good question-it's usually where I throw money down the drain!!

a good bit of press coverage and the first of brokers has upgraded today.

bbjl:
Where was the press coverage ???, and which broker?? SD

have a look on advn thread.Bell lawrie upgraded forecasts immediately.

shares and i.c are fans so should get favourable comment tomorrow and friday.

thats more like it.

ready for breakout !!!

BREAKOUT CONFIRMED

Williams De Broe put out some forecasts dated 13th December per Hemscott:

-to 31/3/05 EPS 14.1p, divi 1p
-to 31/3/06 EPS 18.4p, divi 1.5p

Put a P/E of just 12 on that and you come up with a price of 220p. It puts the current price into perspective on a P/E of 8.9.....

added some more,about to breakout and if u look on their website they've won a substantial deal in China.


http://www.hyder-consulting.com

just broken out this min::

loooookin string today,up pre market and steadily rising but can't find any news.

breaking out again,headin for 2 this U/V nugget.2 more big contract wins announced on their website today.

feel like Bigbobnomates with this thread.Thing is its a nice steady riser breaking out all the time and now on the radar of fund managers having reached a market cap of 50 mill.

Thanks-I'm watching but no funds to put in. Suspect I'll be too late soon!! Keep posting Bob.

10000 buy well above offer at end -)))

Double bagger in the makin here.

moneyplus have just added myself,expect 50-100% from here.Look at website they're winning enormous business.Good growth share this.

Thanks-noted will try to squeeze some from somewhere.

Right I'm in now!! They'd better be good and keep on going. cheers BOB

tipped on wrongprice.com )))

cheers- keep it coming. MP

talk of an immenent 300p bid :-))))

Where is this talk? I do hope you are right!!
Alan

ATK was again named yesterday.Suspect they're hitting highs cos of forthcoming budget for pfi contracts and recent t.statement was bullish.These are due a rerating so plenty of upside and i've added on the breakout yesterday.

this is a more informative thread than below.

Both the threads are very quiet. Perhaps you and I are the only two enlightened, and very happy spirits on this one, bob.
Alan

nother good day ;-))

It just gets better, bob.
Only question is, why no RNS starting "The directors have noticed the recent rise in the share price and......................"
Alan

all time high. Always buy all time high stocks,everyones in profit.

I'm still with you mate!!!
Alan

Sorry, just noticed this thread. I hold a few in the ISA and showing a healthy 30 per cent profit. 3 will do nicely.

well it seems the re-rating has finally begun so if we get the sctor average then we should see 400p in the future.

more ATH,seems MMs in the know here.

THIS IS MONEY'S WEEKLY SMALL CAPS
Higher margins at Hyder
James Crux, deputy editor, Growth Company Investor
1 December 2005
OUR weekly review of the latest developments and hottest tips in the exciting world of the Alternative Investment Market is written by analysts at the UK's leading authority on fast-growing companies, Growth Company Investor.



Enjoy many more small cap recommendations with a subscription to Growth Company Investor, PLUS save 50% in your first year and pay nothing for 30 days. Click here.








ENGINEERING design and management consultancy Hyder Consulting has turned in yet another good set of numbers for the half to September.

Savvy chief executive Tim Wade unveiled 27% sales growth to 80.9m, with profits powering up 120% to 2.6m. Earnings per share were lifted 98% to 7.25p.

Wade said the half-time order book stood at 218m, 18% up on last March's figure at the year-end. The group's major markets were robust, according to Wade, who said the 2012 Olympics in London should boost the engineering consulting sector in the South East over the next few years.

Hyder continues to drive up margins by boosting the volume of fees put through its fixed cost base, and investing in higher margin work in design and advisory services.

During the half, Hyder acquired Queensland-based property and leisure consultancy Weathered Howe and October saw Hyder complete two further Australian acquisitions covering environmental services and transport planning.

Regionally, there was a rise in operating profits from 1.6m to 2.5m in the UK and Europe, Germany proved disappointing ahead of the election, and property sector strength drove Middle East turnover north from 10.7m to 15.9m.

Revenues in Asia Pacific, where Hong Kong made a small loss, rose strongly from 14.5m to 20.4m thanks to bumper growth in Australia.

For the year, analysts predict pre-tax profits of 6.3m and earnings per sahre of 17.9p, placing Hyder's shares at 260.5p on an reasonable forward price/earning ratio of 14.6.

Recommendation: Buy.

look at the volume! very very heavy for this stock and at all time high,100,000 buys last few days,surely a stakebuilding job here.

more heavy volume as it hits new highs.

I'm still with you, Bob!!
Alan

am amazed theres no interest in these al,an ISAble super growth stock trading at 75%discount to its peers-although it now looks like the re-rating has begun.Think these will be twice this price next year given the Dubai order book and Australian aquisitions.

Ashamed to admit it, Bob, but I know almost nothing about this company!! I have doen no research at all and I am only in because a close friend of mine gave me a nudge, nudge, wink,wink tip when they were about 180.
He would tell me no more, just smiled and said, get in!!
I figured, what the hell, and took the gamble.
Guess I owe him a drink.
Alan

Similar,business contact from Dubai whose well into shares drinks with alot of their consultants in Dubai so first hand the work they're getting.

Yeah, I met a guy in Abu Dhabi in late 2001 who flagged up the concept even then of getting into this particular arena. Not so much HYC, but did mention one or two names that I didn't know, who are now heavily involved in HYC. I didn't even realise they connection until after I had sunk some money into them.
Tell me, Bob. Are HYC involved in a major desalination plant in the UAE or an embryonic Hydrogeneration project, because the same conversation that the names cropped up in was mainly about this American guy putting about 2million into a project along those lines, and after 5 years I might be able to make sense of what he was telling me.
Alan

they're def into the desalination plant and they've got a big contract building the burj tower which is to be one of the tallest buildings in the world.

And still we keep going, Bob.
Alan

aye,small broking house pushing these but with the volume i'm expecting....................................a takeover announcement anytime.ATK were the press rumour a while back.Would be a cheap buy for ATK given the enormous order book.

Nice xmas present if you're right. Heres hoping.
Alan

have a look at DGG and REG.2 that should fly given charts.

I'm not a chartist, Bob, but will have a squint. Thanks

Just been having a look at director holdings and although two of them sold in august at 1.95 they still own more than 11.000,000 million quidsworth, spawny bastards.On a good run though.I would be interested in a bit more info about possible takeover announcement bigbob, what price would you expect for the company.

For those still in here with me (if anyone);

Hyder Consulting PLC
23 March 2006

HYDER CONSULTING PLC ('Hyder Consulting' or the 'Company')

ACQUISITION

Hyder Consulting, the international design, environmental and technical
management consultancy, is pleased to announce the acquisition of a land
development consultancy business in the South East of England.

ACQUISITION OF BETTRIDGE TURNER & PARTNERS

The Company has entered into an agreement to acquire the entire issued share
capital of Livic Limited trading as Bettridge Turner & Partners, a specialist
firm of land development and structural engineers, traffic and town planners.
The initial consideration amounts to 2.55 million of which 1.75 million is
payable in cash, with 0.8 million satisfied by the issue of 315,482 Hyder
Consulting PLC shares ('the Consideration Shares'). A further payment of up to
0.92 million is payable in cash over three years dependent on future business
performance. The company employs a team of around 75 staff with turnover for
the year to 30 November 2005 of 4.1 million, and profit before interest and tax
of 0.3 million. The net assets acquired amount to approximately 1 million.
This acquisition will extend Hyder Consulting's capabilities in development
planning services and strengthen its private sector client base in the South
East.

APPLICATION FOR ADMISSION

Application will be made for the Consideration Shares, which rank pari passu in
all respects with the existing issued ordinary shares in the Company, to be
admitted to the Official List and to trading on the London Stock Exchange's
market for listed securities. Admission is expected to become effective on 29
March 2006.

Tim Wade, Chief Executive of Hyder Consulting commented, 'I am delighted to
announce the acquisition of Bettridge Turner & Partners. It's a very good fit
with our acquisition strategy, has very good people and we expect it to do
well.'

Methinks there may be a bit of strategic hand strengthening going on to benefit from the London Olympics.
Buying a company that specialises in town planning and traffic management in the south east?
Alan

I'm still quietly enjoying this one, all on my own.
Todays RNS shows why;

TRADING UPDATE



The board is pleased to report that trading conditions in our major markets
continue to be strong and that we expect that the results for the year to 31
March 2006 will be slightly ahead of expectations.



ACQUISITION OF CRESSWELL ASSOCIATES



The Company has entered into an agreement to acquire the entire issued share
capital of Cresswell Associates (Environmental Consultants) Limited, a
specialist consultancy providing environmental services to the planning,
construction and development industries. The initial consideration for the
acquisition amounts to 2.98 million of which 2.48 million is payable in cash,
with 0.5 million satisfied by the issue of 188,558 Hyder Consulting PLC shares
('the Consideration Shares'). A further payment of up to 0.5 million is
payable in cash over three years dependent on future business performance.
Turnover for the year to 30 September 2005 was 2.46 million, and profit before
interest and tax was 0.6 million. The net assets acquired amount to about 0.7
million. Cresswell Associates employs a team of 54 staff which will extend Hyder
Consulting's environmental capabilities in this growing market.


Alan

You're not entirely alone in this one, Alan. I've got a few tucked away but they are in a 'long-termers' portfolio and it's just not something I check frequently.

You and I will be well pleased at the moment then.
Looking forward to the finals in June.
Alan

See. Told you I was looking forward to the results in June.
Ahead of expectations.
Alan

News today of an Asian acquisition and that first quarter trading is going well.

nice earner, Al. will have a peep at the background info some time.

Good call Alan. Looks very strong at present - good growth and prospects in decent markets. Apart from miserable but understandably low yield, only downsides I can see are hefty pension scheme liabilities and possibility of getting an acquisition wrong.As with any consultancy, its best assets might also in theory walk out of the door. If I had any (and i don't) think I would be tempted to sell half once they had doubled and run the profit.Finance director sounds rather posh for you northern shareholders - hope he is not left handed ( always wary of left handed hyphens)

My Oz pal is a great fan of HYC ...... He's on hol at the mo, but will chat to him on his return to see if he still thinks they are a "buy" at the current comparatively high level, especially given current market volatility.

If one is frightfully clever, there is a lot of money to be made on the indices, but it's a brave and clever guy who can read the direction ...... Dow dived over 100 points at one point yesterday on inflation fears; recovered about 40 points and has zipped ahead about 60 today ..... all in a very tight range really, with tough resistance at 11250 ...... Don't forget the dictum that when Wall Street sneezes, the whole world catches a cold.

Thanks ofr the posts guys.
Been batting on about this one since it was just over 2, but the chartists tell me that a golden cross is seldom wrong (and 1 appears to be coming) and my own research suggests a very savvy company positioning itself to make a mint from consultancy in the run up to 2012 olympics.
If the trend looks like turning I may break an old habit of mine and get out and try to get back in cheaper.
if it goes the way it usually does, my sale will be the biggest buy signal the world has ever seen.
Alan

Alan ..... Golden X where? ..... I see good support at 260, and exceptionally strong building at around 270, but why onwards and upwards from this level?

Just looking at the chart (and i aint a chartist), the 50dma and the 200dma are both on an uptrend. the 50dma is about to cross the 200dma, upwards. I am told this is a golden cross, when it happens (nest day or two).
Shoot it down. its just what chartists have told me.
Alan

yes they cross at about 260 and will again at about 270, but sp is now about 310 - i.e. wel;l above those support levels ..... I am not a chartist either, though I understand a smidge

I was given to believe that the price they cross at is irrelevant, it will signal the start of a bull run.
i am actually watching it closely because I am a little sceptical about charting and asked the question on another thread, where will the fuel for a continued rise come from?
Alan

Golden Cross .... this is formed when two up-trendindg major mdas cross each other ...... in this instance 50 and 200 mda at just below 270 ..... while this is a (very) bullish signal, the rpi needs to be taken into account ..... HYC at about 320 is technically quite strongly overbought, so on that basis, one should not be jumping in until rpi is more neutral.

hope that helps

More news today.
maybe that will provide the fuel.
Alan

Golden Cross ..... To continue ...... sp continues to hold very steady but RPI is still around 70 .... still too high imo to make it worthwhile jumping in - just yet!

Still going up!!

RNS this morning.........
Trading ahead of expectations and a pipeline of acquisitions they expect to make :-))))))


Placement to raise the money for said acquisitions :-(((((

Moving strongly today. I wonder if HYC are about to announce on of those acquisitions.

Excellent results today - where are you Alan?

I'm Here!!!!!!!!!!!!!!!
Back at last and very happy with this one.
I will digest the results later over a small glass of lemonade.
Alan

Wonder if this will break through the 5 mark????

Al,

One way of looking at it is that FY EPS is likely to be 25p (or more).

Equals PE 20 if SP = 500p.

Gives a PEG of 0.625 comparing full year with full year.

WDIK, but there could be some life in this stock yet. It's noticeable that volume is pretty low most of the time though.

Once again, you certainly made a great pick - I said that at 400p a few weeks ago and now look at it!!

Seconds later: HYC Bid: 498p Offer: 507p Change: 12

quite right .... top class company ..... forgot to put them on my watch list and thus did not buy ...... pretty overbought at the moment, but very strong chart



red = 25 dma
green = 50 dma

Well it got through the 5 mark with a bit to spare.
Where next???
Alan

don't know, but just may be tempted in even at this seemingly inflated level as there looks to be momentum behind it (strong upward trend!!)

definitely time to start watching this one again ...... should be pretty good support imminently and rsi is now neutral to oversold having been o'bought for some considerable time

Nice update, looking forward to results and more M&A.
Hyder Consulting PLC
30 March 2007



HYDER CONSULTING PLC ('Hyder Consulting' or the 'Company')

AWARD AND TRADING UPDATE


International Firm of the Year


Hyder Consulting, the international engineering design, advisory and specialist
management consultancy, is pleased to announce that it has recently been named
as 'International Firm of the Year' in the Consultants of the Year 2007 Awards
organised by the Association of Consulting Engineers and New Civil Engineer
magazine. Chief Executive, Tim Wade, commented: 'We're delighted to receive this
award in the face of strong competition. It's a great way to mark our 150th
anniversary and heritage of international projects.'


Results and Trading Update


The Company expects to announce results for the year ended 31 March 2007 on
Monday 11 June. Trading during the year taken as a whole has been a little ahead
of expectations. The Group has continued to make good progress in securing new
work with major projects secured in the second half year including:


Doha Convention Centre and Tower, Qatar - detailed design and construction
supervision

West Gate Freeway Alliance, Australia - design of improvements to M1 freeway

Brisbane Airport Link, Australia - patronage forecasts for A$4 billion toll
tunnel

N7 Nenagh to Limerick, Ireland - detailed design and supervision

Baker Street Station modernisation, UK - detailed design



The recent cash placing in October 2006 was undertaken to raise additional
finance for the Group's infill acquisition programme. We are actively
negotiating a number of potential acquisitions and the Directors hope to
complete certain of these transactions in the near future.


For further details:


Tim Wade, Chief Executive, Hyder Consulting PLC Tel: 020 7316 6000


Simon Hamilton-Eddy, Financial Director, Hyder Consulting PLC Tel: 020 7316 6000


Sandy Fraser, Bell Lawrie Tel: 0131 225 2566


Shane Dolan, Biddicks Tel: 020 7448 1000


30 March 2007


This information is provided

i agree Alan; this is a really good company (like PFC) ..... i note a bit of apparent resistance as sp has hit underneath 25 dma, with perhaps something of a sterner test around 480 .... nevertheless may well be putting into my portfolio in the very foreseeable future

Welcome aboard.
Very well managed, must benefit from 2012 London and I see it touching 5 again soon, as it did some months ago.

chart below shows good looking breakout ,..... 200 dma miles behind; just broken through 50 dma ...... rsi a little toppy, but little resistance in site until it hits all time high

not sure why the sharpish drop today but with 25 and 50 dma's about to coincide imminently, there should be pretty good support and thus a buying opportunity in this quality service company presents itself.

Excellent results out today, showing a well managed company making the most of opportunities within a rigid operating framework.
Very happy to be a holder.
Alan

alan, any rumours about tendering for olympic contracts??

From the results;

Work on AMP4 frameworks continues for Thames Water, Welsh Water and
South West Water, and we are well positioned to win further work for the
Olympics in 2012.

Alan

cheers, i have been following for a while now and am pretty convinced they will win contracts for the olympics on top of all the other contracts they keep winning.

This years order book is now 2 months old and showing 60% of full year target.
That is without all the bonus of 2012 so it looks like a very good medium -long term play.
Alan

Here is the Midas "Buy" tip from The Mail On Sunday.

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=421169&in_page_id=19&in_author_id=1822

Thanks for that CB.
I must admit that one had passed me by!!
Alan

And an 'Add' from GCI...

http://www.growthcompany.co.uk/recommendations/256242/hyder-consulting.thtml

had rather taken my eye off this one .... having had a bit of bleak time in March, sp is now firmly on the up, having breached the psychological and all-time high barriers of 500 .... definitely one to consider, especially if there is any short term reaction

And there goes the 550 barrier.
Though probably short term, cos it must pull back a bit soon.

Kevin Taylor a non executive director has been busy buying shares (7490 at 445p) ahead of the trading update on 29 Jan

Interim Management Statement
RNS
RNS Number : 5320W
Hyder Consulting PLC
29 January 2013



Hyder Consulting PLC



Interim Management Statement



Hyder Consulting PLC, the multi-national design and engineering consultancy, today issues its Interim Management Statement covering the period to 28 January 2013.



Trading performance



The Group has performed in line with our expectations.



In Asia Pacific our Australian results have been in line with plan, and we have recently secured a number of significant new contracts. Prospects in China are improving, although our operations incurred a small loss in quarter 3 as awards have been slower to come to fruition than anticipated.

In the Middle East results are higher than the prior year and in line with expectations, following mobilisation on new projects in Qatar and Saudi Arabia.



In Europe, as expected, results have improved in the second half. Our UK transport business, in particular, has performed well in the period.



Acquisitions



The Group acquired BCH Engineering Consultants Pty Ltd ("BCH") on 17 December 2012. BCH is a small Perth based consultancy, with expertise in the energy and resource sectors. Initial consideration of A$3 million (c.£2 million) was paid in cash, with a further A$2 million (c.£1.3 million) cash payable contingent on future business performance. BCH improves our access to the Western Australian market and clients, enabling us to respond to demand in the region utilising our existing Australian offices and Global Excellence Centres.



Power Systems Project & Consultancy Services Ltd ("PCS") was acquired by the Group on 19 December 2012. PCS is a specialist, independent high-voltage simulation, analysis and electrical design business employing 42 specialist staff, based in Scotland. The company works extensively in the transmission, distribution and renewable generation areas with clients including Scottish Power / Iberdrola and Scottish & Southern Energy. Initial consideration of £3 million was paid in cash, with up to a further £0.5 million cash payable contingent on future business performance. The acquisition builds on Hyder's growing expertise in the energy sector and follows on from its purchase of ESR Technology Ltd in June 2011.



Financial position

The Group retains a strong balance sheet with a net cash position, and has significant headroom against its banking facilities with which to pursue new opportunities.



Outlook



Although market conditions remain variable, the Group's favourable positioning and its diversified international base give us confidence for the full year.

Questor share tip: Buy Hyder Consulting as its reveals record order book
Hyder Consulting has secured 65pc of this year's revenue. Questor says buy.
Garry White By Garry White
6:00AM BST 14 Jun 2013
Hyder Consulting
440p+14
Questor says BUY

Hyder Consulting

Shares in Hyder Consulting were weak in the first half 2013, a trait common across the engineering sector. However, this week’s full-year results revealed a record order book, strong cashflow and management raised its dividend a third. Now looks like a good entry point.

Hyder has provided engineering and design services for famous buildings including Sydney Harbour Bridge, Tower Bridge in London and the world’s tallest, Burj Khalifa, in Dubai. It has a market value of around £150m.

The business has a global presence, but it operates three “design excellence” centres. One in the Philippines undertakes the design of highways and property projects, with its Indian centre focusing on utility and rail projects. A third in Bulgaria opened in 2011 to support its German business.

These centres employ more than 10pc of group headcount. The advantage of carrying out global business from these regions instead of the UK, is their highly educated and motivated workforce and overall costs are much lower.


The group’s businesses are plugged into some major bullish investment themes. These are urbanisation, increased investment in mass transit schemes worldwide, low carbon design to tackle climate change and water and power scarcity.

In the 12 months to March, revenues rose by 8pc to £298.1m and pre-tax profit jumped 9pc to £18.8m. The group’s net cash balance soared to £24.3m from £15.6m, which is a useful war chest for strategic acquisitions.

The group’s order book increased by 14pc to a record £413.2m, which means about 65pc of the current year’s forecast revenue is already secured.

This has created a degree of confidence in the future great enough for the group to increase its dividend by much more than the market expected. The final payment of 8p, which will be made on August 9, brings the total for the year to 12p, an increase of 33pc.

Analysts had pencilled in a dividend of 11.99p next year, which is below the full-year announced this week. This means that the prospective yield next year of around 2.8pc is likely to be understated as analysts will increase their forecast this week.

The company’s business in Australia has low exposure to the resources sector, which makes up just 5pc of its revenues. Mining giants in the country are reining in expenditure after years of runaway investment.

In its Middle Eastern business, operating profits rose 82pc over the year to £7.1m and the company has won some major contracts recently, including a £70m contract for the design and supervision for a section of Doha Expressway. It has increased exposure to the infrastructure market in Saudi Arabia, which should help make up for a slowdown in Dubai and the wider United Arab Emirates.

The shares are trading on a 2014 earnings multiple of 9.8, falling to 9.3. This does not seem overstretched for a company with such a solid underlying performance. Questor thinks the recent fall is a buying opportunity.

Consensus recommendation

As of Jun 10, 2013, the consensus forecast amongst 9 polled investment analysts covering Hyder Consulting PLC advises investors to purchase equity in the company. This has been the consensus forecast since the sentiment of investment analysts improved on Jun 10, 2013. The previous consensus forecast advised that Hyder Consulting PLC would outperform the market.


Summary


On Friday, Hyder Consulting PLC (HYC:LSE) closed at 469.00, 4.29 % below its 52-week high of 490.00, set on Apr 15, 2013.
.

12 Jun Investec 535.00 Buy
12 Jun Liberum Capital 520.00 Buy

17 Jun Liberum Capital 553.00 Buy

16:50 24/06/2013
Director Deals - Hyder Consulting PLC (HYC)

Russell Down, Financial Director, sold post-exercise 60,801 shares in the company on the 21st June 2013 at a price of 440.00p. The Director now holds 56,703 shares. Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com

16:50 24/06/2013
Director Deals - Hyder Consulting PLC (HYC)

Russell Down, Financial Director, sold post-exercise 94,115 shares in the company on the 21st June 2013 at a price of 0.00p. The Director now holds 117,505 shares. Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com

16:50 24/06/2013
Director Deals - Hyder Consulting PLC (HYC)

Ivor Catto, Chief Executive Officer, sold 35,250 shares in the company on the 21st June 2013 at a price of 440.00p. The Director now holds 170,647 shares. Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com

31 Jul Numis 550.00 Buy
31 Jul Investec 535.00 Buy

Hyder Consulting: Panmure Gordon takes target price from 488p to 550p keeping a buy recommendation

A buy in this weeks IC .

Dreamcatcher 2.20 Newmarket.

Did it fall. lol

Or stayed in the stalls munching grass. lol

8th out of 14.. next time..

lol

Questor share tip: Focus on Hyder long-term and benefit from discount to peers
TelegraphBy John Ficenec | Telegraph – Sat, Oct 5, 2013 21:00 BST.

The engineering consultant is benefitting from a construction boom in the Middle East, says Questor.

Hyder Consulting (LSE: HYC.L - news) 487p Questor says BUY

Hyder Consulting, the engineering consultant, is offering rapid dividend growth to investors. So the shares trading on a discount to sector peers are well worth a second look.

Hyder has more than doubled its dividend over the past four years. That has seen the payout to shareholders soar from 4.5p in 2009, to 12p today.

There is still plenty of room for that dividend to increase further. Analysts expect it to rise by 10pc both this year and next, reaching 14.5p by 2015.

This looks very reasonable as well. The dividend was covered 3.5 times by earnings and cash flow in the year ended March 2013.

Hyder has achieved this performance by focusing on high growth overseas markets. More than two-thirds of Hyder's revenue comes from engineering work in Asia Pacific and Middle East regions.

The Middle East is going through something of an infrastructure boom as it uses petrodollars to build hospitals, railways and motorways.

Hyder is working on the "M25 of the Middle East", referring to the Qatari's £3bn Doha expressway project, on which Hyder Consulting recently won a £70m design contract.

Middle East growth is offsetting a difficult European market. German elections have delayed contract decisions, and it is a similar picture in Australia, with some bidding referral around the recent election. However these are short-term, one-off impacts and, with the political backdrop now more secure, long-term construction decisions can be made.

In the most recent trading update, Hyder said currency weakness in the Australian dollar would hurt full-year forecastsand brokers trimmed backprofit expectations.

Investors should focus on the long-term story here, which is very much intact. The shares trading on a PE ratio of 11.8 times forecast 2014 earnings, falling to 10.7 times next year, are therefore on an unfair discount to sector peer WS Atkins (LSE: ATK.L - news) on a PE ratio of 13 times. Buy.

On Friday, Hyder Consulting PLC (HYC:LSE) closed at 534.00, 0.19 % below its 52-week high of 535.00, set on Oct 11, 2013

Sold. In at 460P out at 534p.