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What’s going on?
Lots of big buys at 43p when the tender offer is at 40p.
Who’s buying?
Be nice to know what the Directors have been promised.
Did a merger, all that time, expense and effort....now they are back to the same price pre-merge.....snore!
A good rise today on low volume again. Is it bouncing back?
so the short man "resigned" for "personal reasons"... Investigation into expenses malpractice begins..
"weaker trading conditions" resulting in a few front running the next trading update .
Looks like this is rising in sympathy today with NAK.
All is not how it seems. I know this business well and it's unfortunately being destroyed by a short tempered short man..
Anyone know why it’s dropped today?
What's going on here then? Just seen the rise on my account.
Anyone know why there has been a sudden jump in the share price please?
Hydrogen: Seymour Pierce downgrades from buy to hold, target price kept at 90p.
There will likely be a 10%+ drop today after that "profit warning" rns - below market expectations...
Specialist recruitment firm Hydrogen reported a slight rise in first half profit thanks to robust performances from its international operations and its Technical & Scientific practices but it expects the overall economic backdrop to remain challenging. Net fee income rose to £15.6m in the six months to the end of June from £15.1m the year before. Net fee income from permanent placements climbed to £7.6m from £7m while contract NFI was broadly unchanged at £8m. Pre-tax profit rose to £1.9m during the period compared to £1.8m a year ago while basic EPS increased to 6.13p from 6.01p. Executive chairman Ian Temple said: "Strong performances from our international operations and our Technical & Scientific practices have enabled us to deliver NFI and profit growth in the first half of 2012 despite difficult market conditions." He added that the group continues to trade in line with the board's expectations and there has been no adverse impact on recruitment activity in the UK because of the Olympic Games. "We remains on target to meet our expectations for the year as a whole and we expect the overall economic backdrop to remain challenging but will continue to develop our practice-led strategy, investing in markets where we see potential for growth," he added.
http://www.growthcompany.co.uk/recommendations/2110838/hydrogen-group.thtml
Commenting, Ian Temple, Executive Chairman said: "Hydrogen has performed well in the first half of the year despite continued uncertainty in the global recruitment markets. We have continued to focus on our strategy of building global practices in our specialist markets and we remain well positioned for the long term. The business continues to trade in line with our expectations. Nevertheless, on-going debt issues in Europe and the uncertain economic outlook mean that visibility across recruitment markets remains limited. The impact of the Olympic Games on UK recruitment markets in the second half of the year is unknown. However, we are confident in the performance of our international operations and contractor activity, and that the Group remains on target to achieve its 2012 goals."
Half Year Update Hydrogen Group plc ('Hydrogen' or the 'Group'), the global specialist recruitment business, is today issuing a trading update in respect of the six months ended 30 June 2012 (the 'period'). The Group continued to trade in line with expectations during the period despite the on-going macroeconomic uncertainty, delivering modest growth in Net Fee Income ('NFI') year on year. Hydrogen continued to progress its strategy of growing a balanced business by carefully selecting and developing its presence in attractive geographies and markets. Group NFI generated from outside the UK increased to approximately 40% during the first six months and, as at the period end, more than 50% of client facing employees were servicing growth markets overseas. The Group renamed its Pharmaceuticals practice to Life Sciences, more accurately reflecting the increased scope of its activity, and together with Oil & Gas resulted in approximately 37% of Group NFI being generated from Technical & Scientific markets. The continued strong performance of these relatively new practices demonstrates Hydrogen's ability to identify new markets as well as its flexibility to deliver quickly on the significant growth opportunities they offer. Ensuring Hydrogen has the correct infrastructure in place to facilitate long-term growth is a key strategic focus and the Group has continued to make good progress in this area during the period. The Group piloted its new cloud-based global customer relationship management system ("CRM") during the first six months and this will be rolled out across the rest of the business in the second half of the year. The Group also launched the rebrand of its individual UK brands under the Hydrogen brand. Together with the new CRM system this will deliver long-term competitive advantage by enabling Hydrogen to provide a more consistent global service to clients and candidates.
http://www.investegate.co.uk/Article.aspx?id=201207020700065678G
Shore Capital reiterated its "buy" recommendation for Hydrogen (HYDG) after the recruitment agency performed in-line with expectations in 2011. The broker was pleasantly surprised by the firm's 5% dividend increase to 4.3p, reflecting an improved net debt position of 0.8 million pounds from 1.4 million pounds at the end of 2010. As a result of the strong performance, Shore raised its adjusted earnings forecasts to 12.6p for 2012, rising to 16.5p in 2013, putting the shares on a prospective multiple of 6.7 times, falling to 5.2 times
05/03/2012 Hydrogen, the specialist recruitment firm, has seen revenues and profits grow on the back of strong performances from its pharmaceuticals and oil and gas divisions. Group revenue increased by 27% to £156.2m (2010: £123.4m) while net fee income (NFI) rose 8% to £29.8m, a record for Hydrogen. The company says it achieved its objective of balancing the types of fees it receives, with contract placements representing 54% of NFI, and permanent 46%. Profits before tax for the full year were £3.7m, up 48% on the prior year. Hydrogen had previously declared an interim dividend of 1.4p per share, today it has announced a final dividend of 2.9p per share (2010: 2.7p) bringing the total dividend for the year to 4.3p (2010: 4.1p).
Commenting, Ian Temple, Executive Chairman, said: "I am delighted to report a year of good growth for the Group. This resilient performance is testament to the Group's strategy, the quality of our practices and the strength of our people. Through careful investment in the business throughout the year we have increased headcount and strengthened our position in key markets whilst maintaining tight control of costs. We enter 2012 conscious of the current macroeconomic uncertainties, particularly with regard to weakness in the UK economy and the Financial Services sector. However, we will maintain our strategy of selective investment and cost control, and are well placed to take advantage of any growth opportunities as they arise."
Pre-Close Trading Update Hydrogen, the specialist recruitment business, is today issuing a trading update in respect of its financial year ended 31 December 2011. Whilst recruitment markets have continued to be affected by global macroeconomic instability, the Group has been able to deliver a 9% increase in Net Fee Income ("NFI") to approximately £30m (2010: £27.6m) and expects to report PBT at the top end of the range of analyst forecasts. This continued growth in an uncertain environment is testament to the Group's careful investment in recent years to take the business into new markets as well as an ongoing emphasis on controlling costs. Our Pharmaceuticals practice launched last year has performed exceptionally well, particularly in Europe, growing NFI by more than 140% during the year. Our Oil & Gas business, which was launched in 2008, continues to perform impressively, growing NFI by more than 60% to approximately £6.4m (2010: £3.9m). These two comparatively new ventures now contribute 29% of Group NFI, and demonstrate our capability to identify and deliver in new growth markets. In the UK, the Group's contract business performed well driven by a strong performance in Technology, and we established an office in Edinburgh to meet client demand in this sector. There has been an ongoing trend towards contract placements in Financial Services, where permanent hiring has slowed. As a result, contract placements accounted for 55% of Group NFI during the year, against 46% in 2010, giving the Group a welcome increase in the visibility of future earnings during a period of economic uncertainty. In line with our strategy of international expansion we opened an office in Hong Kong during the first half of the year, and are confident that this will be a key location in the growth of our business in the Asian region. International NFI increased to approximately 36% of NFI (2010: 32%) for the year, despite the strong performance of the UK business. Notwithstanding the increase in the proportion of contract revenue, tight control of working capital has enabled the balance sheet to remain strong, with an expected marginal reduction in net debt from £2.2m at the end of 2010, comfortably within our banking facilities, which were extended to February 2014 during the year.
http://www.investegate.co.uk/Article.aspx?id=201201090700411774V
Hydrogen issued a strong set of numbers yesterday, says the Investment Column in the Independent. The specialist recruiter booked GBP80m in revenues in the six months to the end of June, up 45 per cent on the year, with GBP15.1m in net fee income, the key industry metric. The latter, up 14 per cent on 2010, is almost back to the levels seen before the economic slump. Looking ahead, the outlook for the world economy is not encouraging. That bodes ill for labour market trends in mature economies like the UK. But Hydrogen has an ace up its sleeve. It has been investing in its international operations, and opened an office in Hong Kong in April. Adding to the attraction is the fact that, despite making sensible investments in its business and posting higher profits, the stock trades on multiples of less than 10 times forward earnings for this year, falling to under eight times on the estimates for next year, according FinnCap. The Independent says buy.