We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yeah, but they don't make any sense.
Simply wall street saying the fair value is at £2.59..
Are results due this week ?
CIP is pleased to announce its investment in HSS Hire Group plc (AIM:HSS) ("HSS"), a market leader in equipment hire in the UK and Ireland, quoted on AIM. The Company has acquired, in aggregate, 25,000,000 ordinary shares in HSS, representing approximately 3.6 per cent. of HSS's existing issued share capital, for a total consideration of approximately GBP3.9 million.
For its financial year ended 28 December 2019, HSS achieved revenue of GBP328.0 million, a gross profit of GBP178.3 million, an operating profit of GBP16.8 million and a net profit of GBP8.7 million. For its half year ended 27 June 2020, HSS reported revenue of GBP125.8 million (IFRS 16 basis), a gross profit of GBP62.2 million, an operating loss of GBP0.7 million and a loss before tax of GBP12.9 million, with such results having been adversely impacted by the COVID-19 pandemic and the government's subsequent lockdown measures which largely halted business operations during March and April 2020. As at 27 June 2020, HSS had net assets of GBP67.1 million.
The CIP Board notes the strong track record of the leadership team at HSS, which it believes took appropriate and decisive action in response to the COVID-19 outbreak thereby enabling HSS to navigate the complexities of the first half of 2020. The CIP Board further believes that the financial resources of HSS augmented by the significant capital raise completed at the end of 2020 and the implementation of a new operating model puts HSS in a position of strength vis-Ã -vis a very fragmented market with strong consumer demand, which is expected to increase further in the UK economy's recovery phase. For these reasons, whilst it is noted that HSS operates outside of the core target investment sectors stated within the Company's investing policy, HSS nevertheless meets a number of the Company's other key investment criteria in line with its investing policy and in the CIP Board's view represents a strong opportunity to create shareholder value in line with its strategic objectives.
Its not the best rental company by far, but it has been the most undervalued, allowing for a positive outlook.
What a steal it was when it was near 10p a share.
The Canadian broker Canaccord rates the SP at 20p a few months back. Merchant capital just RNS’d a 3% holding from zero. That’s enormous in terms of cold cash and they will have done a lot of pre investment homework. It all bodes very well for a likely 20p and up over the next few months. As we all emerge from Covid there will be a lot of outdoor improvements and that bodes well for HSS on top of what is a solid here and now anyway.
Merchant Capitals buy of 25 million should boost the shares ...
We seem to be trading at a higher end today, let's hope it moves up close to closing.
Gla
Cip have purchased 25mill shares.Just declared it this morn .Looks good for a bounce into reopening next month.
17p paid already. 18p would be great to see. B&Q had brilliant gains recently, we must have been busy the last few months.
The sell of 45,000 today at 1533 was a buy! Mine and I see this going up and up, 6 months from now could be over 30p?
It's had a good day today. Maybe because there is a rotation from growth to value.
Everything on my extended watch list is a sea of red today. Except HSS - turning out to be a little gem! GLA
Will be over 20p soon.... Some news out updates regarding the company would help....
What we think, is this still moving or have we entered a new range.
Construction work...
I had read that a lot of projects have been brought forward, as it is easier to work with emptier road, no delay with site delivery....airport expansions are underway, no people about!!
We are not done with HSS. There is still another bagger to be had IMO. I am also in Costain, Hammerson, Bakkavor, Rolls Royce, Micro Focus, Saga, Ricardo, Tissue Regenix, Bab**** - all of them may have a one bagger in them, me thinks!!
Next HSS is HSS...the real rise has not even started yet. This is just a trailer.... Movie is yet to come....
Can someone explain to me why this price keeps going from 8% up to 12% to 8% to 12%.
Is it stop orders being hit and selling and eventually when they're all out we will get to new levels.
Mnr/acp/hemo/Pxs
I seem to recall that Liberum put a price target of 20p on HSS after the fundraise.
And everywhere I drive around at the moment I see builders & construction projects, large and small.
Flying now
What do we think the next rocket is? Anyone see any potential elsewhere?
Following the latest announcements [04/01/21] concerning lockdowns across the UK, we’d like to reassure you that HSS remains open to support you, safely. Our branches are all open but please note that until further notice we are not permitting any customers inside our buildings. Please order your kit online (or via email/telephone if you have a trade account) and follow the COVID-safe delivery or click and collect instructions you are given.???
From order confirmation, right through to equipment handover, we’ll keep you up to date and guide you safely through the hire process. HSS remains committed to supporting our customers fully through these difficult times.
https://www.hss.com/coronavirus
and its not quite Easter yet... seem to remember paying around £2 for these when they launched in 2015 and what a
disastrous event that was with heads rolling and revenues toppling. complete dogs dinner. they've been rumbling along
the bottom for ages now and this is an amazing upturn. just hope it continues so I can get back on level pegging.