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Probably didn’t matter how good the results were I think a lot will have been waiting for results to close positions, could end up red here regardless of the decent performance
We need others to see that this is the case too and start getting on board. Great results.
Great results......Turnaround transforming this company.....
Here is the pres. Pretty good results, cant see any flags really
https://www.hsshiregroup.com/wp-content/uploads/2022/04/FY21-Results-Deck-vFINAL.pdf
Long awaited and looks like positive news, let’s see how the market reacts to this.
GLA
Financial Highlights Continuing Operations1 FY21 FY20 Change Revenue £303.3m £250.1m 21.3% Adjusted EBITDA2 £69.8m £59.6m 17.2% Adjusted EBITDA margin 23.0% 23.8% (0.8pp) Adjusted EBITA3 £31.7m £13.4m £18.3m Adjusted EBITA margin 10.4% 5.3% 5.1pp Adjusted basic earnings/(loss) per share 1.52p (4.64)p 6.16p ROCE4 22.1% 10.7% 11.4pp Net debt leverage5 1.5x 2.8x 1.3x Other extracts Operating profit / (loss) £34.5m £(4.7)m £39.2m Profit / (loss) before tax £6.1m £(29.6)m £35.7m Basic earnings/(loss) per share 1.05p (15.13)p
Strong trading performance with new operating model driving improved profitability o 2021 like-for-like6 revenues up 20% year-on-year, returning to pre-pandemic 2019 levels o Capital-light Services revenue 24% ahead of 2020 on a like-for-like6 basis, o EBITDA and EBITA materially ahead of 2020 with EBITA margin almost twice prior year; reflective of operating model effectiveness and continued strong price control o Technology-led, low-cost operating model underpinning improved Group returns with ROCE4 increasing to 22.1%, up 11.4pp compared to 2020 • Materially stronger balance sheet with leverage on a non-IFRS16 basis reduced 1.8x to 0.8x o Net debt7 reduced to £45.4m (2020: £120.4m) o Sales of Laois completed for net proceeds of £10.0m and All Seasons Hire for £54.3m o Refinancing completed, reducing the ongoing annual interest charge to around £3m8 (2020: £16.3m) • Technology-led low capital intensity operating model continues to drive accelerated growth o c.60% of transactions now processed through HSS Pro, our new digital platform, enabling improved enquiry conversion as customers value the enhanced experience o Restructured organisation into two divisions, already delivering improved performance o HSS ProService – focused on customer acquisition, sales enquiry conversion and leveraging digital assets; and o HSS Operations – focused on customer fulfilment and service o Low-cost builders merchant network expanded to 55 locations (December 2020: 24), now representing 16% of customer orders in England & Wales. 44% like-for-like9 revenue growth
Quote
Materially stronger balance sheet with leverage on a non-IFRS16 basis reduced 1.8x to 0.8x
· Net debt7 reduced to £45.4m (2020: £120.4m)
· Sales of Laois completed for net proceeds of £10.0m and All Seasons Hire for £54.3m
· Refinancing completed, reducing the ongoing annual interest charge to around £3m8 (2020: £16.3m)
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