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According to Reuters Half year results are due on 6th October
I'm pretty confident holding these and it's currently my biggest position. I think demand in this sector is still very strong, their fixed costs will be much improved after moving to a more online model and utilising builders merchants for distribution. Early indicators suggested that this was working well but the upcoming results will be the acid test.
Supply chain issues are my only concern although there could also have a flip side in pushing up demand for equipment hire.
Morning Star currently has fair value at 29.4p !!
down towards 30th September.
Hopefully a week today we will be higher than we are now!
Gla
One big problem, cost of materials!
But hopefully some good news next week and we start to move north.
Gla
Hope there is good news at the end of the month, a lot more freedom now and hopefully plenty of equipment being hired.
Come on you dog time to move up...
close to being down 20-30% from our high.
Has it been manipulated downwards for a reason??
Update on the 30th, hopefully that will give us a boost.
Gla
Looking good for a nice rise...
Ashtead have made it on to the top UK/US investor returns league table (etoro). In the same sector. Hopefully we will see some good results here too. Here is a link, if you scroll about half way down, the article is about RMG but still relevant.
https://www.thisismoney.co.uk/money/investing/article-9985111/Royal-Mail-leads-FTSE-stalwarts-outperforming-stock-market-stars.html
Share price does not seem strong today.
People in the know selling out before results or general market nerves ?
Well with a bit of luck we should know more about results 3 weeks tomorrow (30th).
Fingers crossed
Im hoping for some pretty strong figures. Business must be strong although the materials issue could I suppose impact etc. Fingers crossed we might see 25p plus on decent set.
Loving the flatline. The longer it stays flat the stronger the pressure will build and the higher this will fly...
Have been buying today.
However, the mom's are content on taking the so down.
A month away from an update.
Gla
I think this move in the next week or two as they usually have a trading update at the end of August / start of September.
Morningstar fair value is 28.78p so currently at a 37% discount.
If the update is good I think this will be in the lows 20s.
... I'm the same, pretty bad across the board.
TBH I expected us to be in the low 20's weeks ago after restrictions were lifted.
…the only crumb of comfort is that HSS appears to be ‘less bad’ than virtually everything else in my PF.
Don't know about anyone else, but I'm starting to get fed-up with this share. Does anyone have an optimistic note for me to cling to?
The sooner the better. Anything to drag the share price out of its current state of topor. Only good news and serious buying will get this moving upwards.
From RNS dated 30 June 2021: "The Board will provide further details on Group performance at HSS' 2021 half year results update, expected to be held in September 2021."
Interim results were published on the 8th October last year so I would expect a similar tineframe this year.
Do we have a date for reporting them?
Thanks
Some strong buys yesterday, hope there is some positive news on the way..
adbon71 what do you base this figure of 30p on?
Thanks in advance
This will go beyond 30p
Barmy! Down 9% at one point yesterday, up 9% today. Almost a 20% swing on no news. There's no telling what's going on in the stock market. I still feel Brexit and Covid will cause further damage to the markets in general but any rise is welcome.