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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
Looks like it being held. When they let it go it will start moving fast i reckon
But I now wonder if we are being held, ATM for someone to fill an order(s)!
IMO we should have moved into the 20-21 so range.
Well time will tell.
Gla
LIBERUM RAISES HSS HIRE TO 'BUY' ('HOLD') - TARGET 24 (19) PENCE
Thanks for the link.
Hopefully we will see a steady rise.
Gla
https://uk.investing.com/equities/hss-hire-group-plc-consensus-estimates
Your welcome sparky boy
A nice tick up today.
Hope for a similar tomorrow.
Then slowly but surely a tread upwards.
Should be nice to see some D Deals to reinforce the company stance.
Thanks adbon I'm selling up
The current market cap is £135 million.
£0.65p per shar would make this a £450 million business. That's quite an ambitious valuation in my opinion.
Personally I think 40p per share is a realistic target. Then lets see what the full year results are.