With the recent sad closure of the Motley Fool bulletin / discussion boards (http://boards.fool.co.uk/closure-of-the-uk-discussion-boards-13456218.aspx?sort=whole) which I know were enjoyed by a large number of investors, including myself, over many years, I was recently reminded of the well-respected investor and bulletin board contributor @Carmensfella and his ‘SLINKY’ acronym for identifying decent small caps for further research.

I have had some success myself with the odd SLINKY here and there, starting with Sweett Group (CSG) which I highlighted at 28p back in June 2015 (but was buying at sub-20p too) and who were later acquired by Currie and Brown at a healthy premium of 42p (circa 100% gain), and most recently with Waterman (WTM) which I highlighted at 55p in Dec 2014 and were acquired last week by CTI Engineering for 140p (a 250%+ gain).



With some spare funds currently available for reinvestment,   I thought I would flag up another potential 'SLINKY' to spark some debate. This time its…..

Haynes Group Plc (FULL: HYNS) - A SLINKY?



What do they do?

The Haynes business model is summed up on the Haynes website nicely as follows:

John Haynes OBE wrote and published his first book, on building an Austin 7 Special, whilst he was still at school in 1956. The first 'proper' Haynes Owners Workshop Manual, for the Austin Healey ‘Frogeye’ Sprite, was published in 1966. Based on the strip down and rebuild of the project vehicle and with extensive use of step-by-step photographs – a process that has not changed to this day – this manual set the standard for the Haynes brand and started what is now a globally recognised publisher of practical information

After establishing their HQ in Sparkford, Somerset in 1972 they formed a US Company in 1974 and listed on the London Stock Exchange in 1979.

Their website continues:

‘The Haynes Group comprises two geographical business segments :

  • UK & Europe

  • North America & Australia

    The UK & European business has headquarters in Somerset, England and subsidiaries in the Netherlands, Italy, Spain, Romania and Sweden. The core business of the UK and European operations is the supply of automotive and motorcycle servicing…

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