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Don’t think there are shorts open on this share and if there is, it’s a very small amount. The rise to 85p was on the back of breaking above the 50 and then the 200ema. A healthy retrace then happened back down to the 200ema which it has bounced off. Should see 85p again soon before going higher over time.
A golden cross has just formed which is quite bullish.
Fundamentals are good. The company has gone through a 5 year plan to change and adapt. Going from 90% revenues from emerging markets to 95% in evolved markets which are safer and more profitable. The company has returned to profit making. The only downside is the dept which is being repaid and manageable now it is profit making. The other downside would be there are more shares than 5 years ago, so it’s unlikely to go back to £3 again but it could easily see 90-100% increase from these prices.
Unlikely to see the money from Russian sale of the business. This money should be ignored now and if it is received it will be seen as a bonus.
This stock was 82 and down to 69 on what I look at the charts this stock is like a yo-yo got to be some short some were
Saxman, I couldn't see any short positions on this website. Where did you get your info from?
Any reason for 20% drop this week?
To many short positions on this stock come back in December 2023
Well it shifted through 70's quick enough. Prob heading sub 50p rapidly for no apparent reason.
Low volume , high spread it can go constantly up for no reason, then suddenly swith. I've no udea what drives this
....to trade this share not hold it? 85p yesterday, 75p today. No news (at least that anyone but insiders know, don't tell the shareholders), few trades. Does it make sense?
Lord, Teddy
Seems to be pointing in the right direction. My investment is only 10k shares but I am modestly in profit having only come in again this year. I had a flutter in 2021/2 which produced a little profit too. I like that they reacted to Covid by developing an online presence. It shows the quality of the management, who didn't dither but got on and did something that they may well be otherwise still just thinking about. The loss of previously lucrative eastern European business units is regrettable but they always did carry political risk, the whole operation now seems 'safer'. I was in ITE for years, so always kept a watch on Hyve, ITE was a gift that kept giving. Happy with my modest investment here.
Agreed its is looking good. I bought in the 50`s as a recovery play and these results confirm it
Looking better
...13th? At least its not a Friday.
Results next week, pre close was very positive and suspect their take on 2023 will be equally bullish. That said it is a company that over the years has destroyed shareholder value time and time again imo. In any case every share has to find its bottom at some point… so this rebound might have done that and continue up - for now anyway. I am holding for results having bought in lower and will assess next week.
I am still holding some shares I got at 88p.. I hope one day I will make a profit :-)
Lordeh
SP seems to be rising quite nicely. Anyone got any thoughts?
The recovery play is that they are pivoting from emerging markets, see below taken from the Pre Close FY22 dated 5 Oct 22
"The Group's operations are now more concentrated in advanced economies and its US presence has significantly increased compared to previous years. Approximately 30% of the Group's revenues are now generated in the US and therefore the recent strengthening of the dollar against sterling is expected to have a positive impact on the Group's results in FY23"
you are kidding aren't you - Hyve formally known as ITE was a specialist in Russia - that was their point of difference. Where is the recovery play
ceo on sky news atm
Surprised at the modest reaction to the RNS. Buying by directors should surely give confidence
Rooty yes was a solid company and still is really, it took a bashing from covid and unfortunately its going to take a bashing from people tightening their purses as well but so long as it can weather that out as well i think they will do well.
This isn't going to be a quick money maker but could be a good return in years to come once the world gets back to normal.
I agree. This was a very solid company before COVID so hopefully with all the adjustments made it will resurge back to strength again. I jumped back in at 80p too but am not alarmed at the current price. Steady steps forward and will be green again.
£122m rev in 2022 FY. Seems like some good tactical restructuring of the business with less or no exposure to China and Russia. Recently refinanced debts and locked in preferable interest on this debt. £68m in booking for next FY already, so over 50% of 2022 rev. Looks promising for long term prospects, management has been good post covid. Working in the City of London I am generally seeing more business conferencing activity in London and generally throughout Europe. Hopefully this business activity can increase and Hyve SP can continue to strengthen. My net price is approx 70-80p so I am not down horribly, I think we could see it back to 150 by the start of 2023. GLA
Cmon 75p haha
A good day at last, earnings strong, up 13%
Because ATM this share is d*gs**t