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It's called taking the peee!
With all the positive news we have had over last 6+ months, this should be in 20's.
Hold tight &GLA
big sells 2 X 3,000,000.
Whose picking them up?
No1Scarlet, no one is interested in UK small caps, especially those with a crowded 85% institutional overhang. You have to wonder how long the large shareholders will accept such chronic underperformance. Exponent is a strange one, involved since 2012, a pretty long time by PE standard. They took it over and then listed it and sat back and watched 90% of its value disappear. Toscafund are snakes, I would prefer to see them on another register to this one. They'll bend the rules and screw the minority if they can. Do we know anything about Ravensworth? Whats their angle?
SP is just being driven/taken lower day after day.
I don't follow the logic behind it, when we have had all good news over the last few months.
Gla
Wanderer100.
I think the advance notice has been empty for a while.
The dumped shares are probably being snapped up in the background.
Yes I agree we certainly have drifted lower, although all the news that has been released has been postive!!!!
I've written to HSS and told them their financial diary is empty. There is no notice of when the next updates are due. In the meantime there is no news and someone continues to dump and the share price drifts lower and lower ......
Cant see this doing anything until next results are out, goes up goes down, etc, etc
Sorry to mislead, looks like investing.com are wrong!
Hi No1. According to investing.com it's 24th November.
Cat5
Are HSS due an update tomorrow about earnings??
Where is that listed?
Thanks in advance
Gla
With earnings coming up tomorrow I'm surprised there isn't more speculation and activity here, I notice Speedy Hire's SP increased from 65.5p to 70.3p over the three days post results. Would be nice to see the same if not better with HSS.
Tree shake lol..
I think happened when we came down from 25p!
End of year approaching.
Surely with all the good news they have popped out we should now be in the 20p+...
But alas we languish here.
Gla
Never known a SP bobble up and down like this does
Must be held back a buy of 150,000 around midday, turn up late!!!
Gla
Good news there also.
Time we headed on up north!
Gla
Sharecast News) - Speedy Hire reported continued momentum in its half-year results on Wednesday, with underlying revenue from continuing operations rising 28.2% to £186.6m, as it lifted its expectations for the full year.
The London-listed tools and equipment rental specialist recorded a 29.9% year-on-year improvement in EBITDA for the six months ended 30 September, to £49.1m, while its adjusted operating profit was £9.9m higher at £16.2m.
Its adjusted earnings per share were 1.28p firmer compared to the first half of the 2021 financial year, at 1.81p.
Speedy Hire said revenue grew throughout the period, noting a strong performance in hire where growth was 3.4%.
It also pointed out that its adjusted profit before tax from continuing operations was ahead of both the 2021 and 2020 financial years.
Continued improvement in asset utilisation was put down to the use of artificial intelligence (AI), with utilisation up 1.8% to 57.3% as at the period end on 30 September.
Costs were said to have been "tightly controlled", with prior-year efficiency initiatives reinvested in growth priorities, notably people, environmental, social and governance (ESG) and digital capabilities.
Further market share gains were made, the board said, with a number of new contracts and renewals with key customers including Costain, MGroup, Redrow Homes and Willmott Dixon.
On the strategic front, Speedy Hire reported an "improved customer experience" through its upgraded digital platform, adding that a trial in 16 B&Q stores in the first half was successful in expanding its retail proposition through a seven-day offering.
Its environmental, social and governance (ESG) initiatives were also said to be delivering "good progress", with the firm's new 'innovation centre' in Milton Keynes opened in November.
Looking at the balance sheet, Speedy Hire reported cash and facility headroom of £131.0m, down from £142.3m at the end of March, with its bank facilities of £180m renewed to July 2024, providing "significant" headroom for growth.
Net debt widened to £47.9m from £33.2m on 31 March, with leverage rising to 0.7x from 0.5x over the same period.
The company said it made a "significant" £37.6m investment in its hire fleet over the period, with a focus on carbon-efficient 'ECO' products.
Looking ahead, Speedy Hire said its results for the 2022 financial year were expected to be ahead of current market expectations, given positive market conditions.
It said the infrastructure and construction sectors were being bolstered by major projects, while customer demand was continuing to improve into the second half.
An agreement had been signed with Kingfisher to open at 23 further B&Q locations from the second half, generating incremental revenue, while targeted price increases were offsetting cost pressures.
Improvements to "simplify and standardise" its operating model were being carried out, with Speedy Hire's internal digital capabilities imp
Some after posted after bell, actioned during the day amount to approx a million shares.
Price being held for buys/sells to exchange hands again???
GLA
Staying above 18p will be an achievement
My Ars®!!
least it was a blue close.
There is always tomorrow!
Gla
Thanks Scarlet. I just called it how I saw it, including having to pay a fee to escape the old arrangements. £4.5m is probably cheap at the price. This frees off the share price to find a more natural level, but of course there is plenty of redistribution of the stock to happen with old holders keen to exit. Thus I still think it will be a while before any rise is significant. However the announcement is certainly good news and it does bring a general upward pressure to bear on the medium term share price. SONIA is the Sterling Overnight Interbank Average Rate and obviously is a replacement in these matters for LIBOR. Current 5-year SONIA is 0.88% so do your own maths. Board have done well.
for a move up today after this RNS, closer to the 20p figure.
Back in May we were close to trading at 25p.
We are now currently down by a good % point, closing in at 19p.
Since May, we have had nothing but positive news from the company, today's RNS should have given our SP boost and I would have thought a re-rate!
But, markets they are, and they certainly do not act as you would like or anticipate them too.
Well there is always tomorrow!!
Gla
Saying that, that big block of 80% across 3 holders is probably enough to put a lot of people off. Can never be sure of their long term commitment, although the Toscafund sell down and addition of at least 2 new institutions is quite positive
Exponent must have been patiently waiting for an opportunity to exit their investment but the continuous share slide since IPO meant they had to top up at 10p, 95% down on the price around listing, rather than selling down
They are free to make an offer as long as its in accordance with the takeover code. Check out Toscafund and TalkTalk
Let's not forget, these institutions seem to have a huge %%of shares tied up...
Am correct in my thinking, that the institutions and finances companies can't go for a T/O