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I'm buying in today and over the next few weeks, no reason in a positive environment this shouldnt be 18p+
Think today is more about politics and technical shorting.
I had expected a continuation today of breaking through 11p, with a hope of maintaining it into close.
Alas it seems the opposite is happening.
Strange to see shares being sold today, as today is ex divi date.
Well that's the stock markets & shares for you.
Gla
How will the markets react, the uncertainty that the markets love, to rob us of our money.
Time will tell.
Gla
I received my copy through the post this morning, they are on the ball.
Ex divi date tomorrow.
Gla
End of year report has been published.
https://www.hsshiregroup.com/investor-relations/financial-results/
Showing good growth over the course of the year. An increase in debt, though it seems much of this is due to capex and expansion
Well it tested the 11p, fallen back, but hopefully it will try and break through again and maintain 11p+
Fingers crossed
Breakthrough?
Interestingly even at an ask of 12.5p the final dividend yield is still in excess of 3%
Given the price it's been the last couple of months, happy that is t gone above 10.
Would like to see it stabilize in the 12 territory
Well we have some movement today.
I've been expecting this to rise close to divi qualification date.. Thursday I think.
Let's see if it tests 11p today.
Gla
Real struggle to get things moving here. I was expecting that the results would provide a decent catalyst but there's been little if any real follow through. One wonders what the end game is for Exponent & Ravensworth sitting on c60pc of the equity. YTD its down 16%, and the 3-year picture is even worse...annualised loss of 16pc.... no wonder the CFO has thrown in the towel.
It needs to pop through 10p today or tomorrow.
Fingers crossed
Gla
The big question for tomorrow is, will the ask be above 10p on opening?
There seems to be a few buys coming through, leading to divi qualification a week tomorrow, 24th May.
Gla
Nice ONE well done!!!!
Yield, not coverage (damn amateur lol)
Perhaps Deutsche Bank is right :). The dividend is also very good coverage at over 4%
The list of stocks Deutsche are bullish on is quite puzzling.
Let's hope Deutsche can stimulate some interest here.
“Deutsche Bank starts HSS Hire with 'buy' - price target 18 pence“
I think there's a good opportunity here to accumulate. At the moment the heavy civils boys are doing fine, and their prices are starting to move back to where they should be eg COST and Kier. But at the moment the resi new build market is dead with schemes being stopped even after they have started. When interest rates start reducing and that changes then the additional turnover should ice this cake nicely. IMHO.
Decent results. Well managed on the comms front, as no surprises given they had given good steer at time of the Power sale. Hard to see what more management can do at this stage to revive investor interest in a business that has transformed itself over last 3 years, but the legacy of previous issues still lingers large. Growing top line, strong cash conversion, decent dividend, low leverage, and ongoing investment into the business should all be seena sgood news but sp stubbornly refuses to recognise the quality of the transformation. Perhaps that s why Quested has had enough and who can blame him. The small cap malaise combined with difficult sector conditions and general aversion to sensitive sectors like this has to turn at some point, but I've been thinking that since the autumn and sp is down 15-16% YTD.
The results, were down as expected, but..... "Revenue improved by 4.9% to GBP349.1 million from GBP332.8 million, but costs outpaced this rise, as HSS Hire said it invested GBP5.1 million in additional operating expenses and GBP1.3 million in one-time technology capital spending to support future growth."
I the economy also improved with time she could be a good punt for the future
Well the results are there. Quite a resilient performance in what has been a tricky 2023. If this is as bad as it gets then we should be on a for a nice rise this year as interests start easing and confidence builds.
I have to say it seems hard to make good profirs in this space. A little extra margin (for all players hold speedy as well) should be discussed at the board, too much downside risk in the revenues v costs operating at such tight margins to revenue.
We should finish in the green...