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Grouchfungus...
Well I emailed the board of HSS to share your posts and to offer them an opportunity to correct them.
Time will tell
down we go again.
Gla
Exactly!
Where in Wales!
I"lol go and collect it and store it in the farm lol
I've read the trading report. A lot of momentum has been gained from clients delayed projects going live after lockdown.
My point is the company could be mopping up more business thus producing an even better set of results improving the SP.
So case in point - we hired some equipment that should have been collected on Friday. It's now still sitting out in the open in a car park in Wales and it still hasn't been collected as arranged. This is becoming common place. The gear should have been collected on schedule ready for rehire. Loss of potential revenue. This is just one particular area that's failing. There are more.
Totally agree with your post we have printed matter from the board, which certainly does not suggest they have operation issues.
Let's hope this is not the case.
There are some odd trade numbers, been going on for a while though...I wonder are they messages between traders!!!
All of which flies in the face of the half year trading report.
"The first half of 2021 has been one of significant progress and I am very pleased with what we have accomplished. We started the year with strong momentum and trading continued to improve over the period, with Q2 21 revenues at 102% of 2019 levels, EBITDA and EBITA margins up and ROCE at a record level. This strong performance, combined with the post balance sheet date sale of All Seasons Hire, has allowed us to reduce leverage to around 1.0x, well below our 2.0x target, completing the final element of the strategic plan set out in 2017: to Delever the Group, Transform the Tool Hire business and Strengthen our Commercial proposition.
The Group has made strong progress over the last four years so that HSS today is unrecognisable from the HSS of 2017. Our unrivalled digital capabilities allow us to offer our customer what they need, when they need it, servicing demand through our 500+ partner supply chain. Leveraging our differentiated customer offering, highly-evolved technology platform, and scalable structure built around two key divisions, we are uniquely positioned to capitalise on market opportunities as we begin the next exciting phase of our growth."
Lots of funny trading numbers today, 10s and 8s and 13s. I wonder what they are for. Its not unusual for a 4 or 5% drop around midday only for the price to recover at the closing bell. Something is needed to push the price up more consistently though.
The company has some large failings. We use HSS and have issues getting hold of staff who know what they are talking about.
You can't get hold of anyone at depot level normally. Phone calls to a specific depot can get bounced around anywhere around the UK. And to this end we're moving whenever possible to Speedyhire. You can actually phone their local depot. Other contractors we know are having the same issues and moving too, so multiply this up nationwide. It's not good.
Bought some at 15.85 today!
Agreed, another joke of a drop today, really needs some Directors buying in at this level as the SP seems uncorrelated with the direction of the business.
No!!
I most certainly think it is manipulation with the SP
F1nesse.
Thanks for the well executed explanation.
So looks like sitting tight on hands/fingers for a while longer then.
Gla
Hi No1Scarlet and others. Shares only go up when there are more buyers than sellers. Despite the good half-year report no significant buying has happened so the share price has gone nowhere. There is what they call an 'open tap' somewhere so the market makers can get all the shares they want without raising the price. There are also a ton of 'stale bulls' in this share, dying for any small rise so they can sell. This is both from before the rights issue - the share price churned at 40p for a time - and even after the rights issue when it leapt from 10p to 25p in short order and now everyone would sell at 25p in a flash. Moving the share to AIM will have reduced institutional interest too. I do believe however eventually the price will rise as the value seems to be there but we may have to wait a while to work our way through the above technical situation.
The good bit of the announcement for me was that they have reduced the gearing so that it should be possible to refinance the company with 'normal' bank credit rather than the eye-wateringly expensive loan capital they have at the moment - currently paying 6 or 7% over LIBOR. This is in their plans and mentioned in the RNS. There will be a chunky one-off cost but it should free the profits to flow to the bottom line. At present we seem to be looking at annualised profits of around 4p a share ( it was 1.61p at the half and 'Revenue, EBITDA7 and EBITA7 all above management expectations in Q3 2021 to date.' Also 'Management now expect full year EBITDA, on a non-IFRS16, continuing operations basis, to be ahead of market expectations and EBITA7 to be materially ahead ' ). That puts the shares on say about 4 times earnings. If you think that's cheap then just sit it out and eventually someone will start buying... My 12-month target? 28p perhaps with most of the rise coming on the refinancing announcement.
FWIW Speedy has a crapped out share price too (but not by as much). DYOR.
day, week just seems to convince me something is going on in the background.
We had an update, which was better than expected!!! Leading us to better than expected full year results, I this economic climate, this is some achievement imo.
I would have hoped)expected some D deals to back this up.
Instead I witness our SP being slowly moved downwards, for what reason??
No RNS from the board!
I know we have not crashed, but we are down a good %% now.
I was expecting to be closer to 21p now not heading towards 17p
In this for the long term but would be nice to see a bit of positive movement..
GLA
that the order is being filled, if indeed that is the case here
We should be in the 20p range now.
Another signal a 0 buy again???
Gla
Over £100k worth of sells towards the end of the day.. someone has to have bought them… hopefully some food movement Monday.
yesterday (Friday).
Lots of substantial sells showing, if indeed they were sells!, and yet we nuge upwards slightly.
Nothing makes sense with this share & SP at the moment.
A month's grace may tell us more, if we end up getting an RNS of some DD or institution deals.
Gla
I guess it is possible that there is an order could being filled as the spread is almost 10% suggesting there are not many shares out there.
Hard to tell at the moment what's going on as the market in general is down. I think of lot of people are moving in cash at the moment while we wait to see how global markets play out over the next couple of weeks with US debt and China concerns.
Personally I think this will pass and the market in general will pick up next month.
After last weeks update I'm confident that the future is bright for HSS they are now making a profit and more or less out of debt.
I was hoping for a 20p open today, after seeing the 2 late trades displayed after close yesterday.
In total 1,500,000 plus were bought, and still no effect on the SP.
So, is there an order still being filled.
Looking good.
Gla
Two very nice trades showing after close of market.
Something going on in the background..
Then a 1 sell!!!
Gla
at this construction index, I wonder if something is brewing for A&M???
Just a thought.
hTTps://www.theconstructionindex.co.uk/view-companies/Tool-Hire/155
at these early trades, something must be going on in the background to hold the so down...time will reveal
There was also a pretty big dumping on Thursday morning, which didn’t show up until after yesterday’s close. Seems to be the thing to do again atm, re good news.
30-Sep-21 08:30:31 18.80 666,606 Sell* 125.32k O
a few codes in the he's buys/sells...1p; 0p lol