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Results will be published 28th April at 7am.. hold onto your seats…
They have really taken advantage of the move to AIM to step down on the governance. I'm hoping that they are ignoring shareholder expectations in order to save money on the RNS and focus on getting the business into shape
Not before time. 4 months since year end seems an unduly long time to publish results. I hope they are as positive as the last 6 months trading update.
I can see on Adfvn results due ,28th, so another 3 days
So no RNS?
Monday morning for an RnS?
Gla
Next few days seems to be dragging on and on..
In response to the question, when will end of year results be available —
We'll be confirming in the next few days - please sign up for alerts if you haven't already.
Agree Ragnar - I am confident that HSS shares will deliver decent growth from here
Not expecting bad numbers, trading update in mid November confirms decent performance. Maybe they are having trouble adding up their 2022 forecasts, but Speedy reported 7% YoY growth for their Q4, if HSS could replicate that (for their Q122) it would be a very good start to 2022
No 1 - Bad numbers always take longer to add up than good ones do!
What I do know (from personal experience) is that Mr Peterson is a shrewd old bird - and the numbers will add up eventually......
I bought into HSS as soon as I spotted his last Director buy........if he bought at that price then anything around 16p - 18p would be relatively low risk in my view - hopefully!
GLA
Ragnor...
Lol that was for speedy, not HSS... Lol I mis read that
Thanks for the update & link, so 24th May for results.
Gla
Well no news, though Speedy had a trading update. Very prompt by them, less than a week after year end, and pretty good result, not much market reaction so far. We are more than 3 months after year end and still not even an update
https://www.investegate.co.uk/speedy-hire-plc--sdy-/rns/year-end-trading-update/202204050700032092H/
I was certain I had read that Final results were being published tomorrow, can't find nowt on their website though,
We will know in the morning lol
Gla
We could maybe get a 0.5p dividend! I think they will hold off until H122, it will take management some time to recover from the scars of excessive debt levels to be confident enough to start paying out the cash
Are we expecting something soon? Thought it wouldn't be until the end of the month, at the very last minute like last year.
I'm hoping they include the 2022 trading update given they will be 1/3 of the way though the year
Well we have waited long enough for end of year results/update.
Surely, with the news released last time, we should be in with further positive news, which will lift the share price from these lower figures and back up to the 20p+ range.
We have still not seen a TR1 informing the market that Toss have hit the 3% (not that I recall anyway).
So let's just hope the news is, very, very positive on Tues, with a 5p Divi per share thrown in to make up happy... wishful thinking.
Gla
My gripe is the longer they leave it the less efficient the market; the more preferential it becomes to the large shareholders/friends of Numis (who no doubt receive more frequent information) and thus the more prejudicial it becomes to minority shareholders (who know nothing). It is customary to update the market when results are known with reasonable certainty (unaudited if necessary) which ensures a level playing field across all investors. Speedy released its results last year around 55 days after year end while HSS went the full 4 months (more than double the time). Also releasing results now may provide some liquidity to dislodge Tosca once and for all
Surely this is normal. The end of year accounts have to be audited. It's been the same pattern for a number of years. No concern there. Extract from interim report issed in September:
· Current trading and outlook
o Revenue, EBITDA7 and EBITA7 all above management expectations in Q3 2021 to date.
o 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
o Sale of All Seasons Hire completed 29 September 2021 for gross consideration of £55m, with proceeds to be used to further reduce debt. Leverage7 as at 3 July 2021 on a LTM pro-forma basis will reduce to c1.0x post this transaction, delivering on one of the three strategic objectives announced in 2017 - "Delever the Group".
o Group revised target is for leverage7 to remain between 1.0x and 1.5x
o Refinancing process underway, well placed for material reduction in Group interest cost
o Strategy delivering, well positioned to capitalise on market opportunities
o HSS will host a series of events, starting later in the year, to demonstrate the Group's technology platforms and provide an update on the Group's financial performance framework
Re the last bullet point have any of these events taken place? Were they for shareholders - which they sound like - or just customers, or did they get overwhelmed by Omicron?
Thanks. Would like to get an explanation from the company why results coming out 4 months after year end is good business
Don’t hold me to this but this is the response from investor relations :-
Our results are likely to be released towards the end of April - we will update the site as soon as we have finalised the date.
It’s a consolation to see those sells well below the bid. The seller is getting shafted to dump those shares, as it should be
At this rate I think they have at least 15m shares to go no? Its dull to watch but in all fairness HSS is up 10% YTD when the FTSE is down 10%. A trading update with some solid numbers might help drum up some liquidity but they don't seem keen on doing that even though we are nearly two months after the year end. Keeping cards close to the chest or just lazy? Last year results came out at end of April which is woeful
these unknown are coming to an end.
Approx 800,000 yesterday.
Some stacking up again today.
Gla
A few chainsaws will be going out next week