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Thanks all. No choice but to wait and see.
I am in at 88p, fortunately I only invested 2k. I think this stock has massive potential in the mid- to long-term future, but as with any stock - it's impossible to predict what will happen. The only thing I can advise is do not waste time reading analysts opinions etc. they are completely worthless.
73p. Snap!
I've been in and out last 3 years, had some very tedious prolonged downward trends, followed by more rapid upturn.
No idea what is pushing it down, but very low volume and odd trading patterns. I regret not selling all at 96 recently, but expect we will see that price again next few months. Maybe a further push down beforehand.
Would appreciate people's views on where they see this share going, I'm currently in at 73p. Thanks
Hi there Beach, think most invested here probably think this like many other shares at the moment are very much a waiting game. Believe the company is going through somewhat of a transition at the moment with the problems caused in the main by Russia. So lets keep the faith as believe the company will eventually come up trumps. GLA
Anyone invested here?!
3.3 mill biggy,just there.
A nice steady consistent rise over the last month after that sell off to sub 50p. Hopefully we'll be back over £1 in the next few weeks and then push on from there.
Brilliant. Like a bottomless pit
The first In Person meetup has been organized by 'Fintech Meetup' in Las Vegas for next year. Hyve are across so many business sectors now with all the recent acquisitions that given time, the potential here is massive. Share price is still great value and I personally see a big bounce back in 2022/3.
Fintech Meetup was founded by event industry disrupters and fintech industry insiders Anil Aggarwal and Simran Rekhi Aggarwal, the same creators of online networking platform Retail Meetup, which Hyve acquired in December 2020.
“Having facilitated over 250,000 requests to meet and 50,000 virtual meetings since we started Fintech Meetup last year, we’re now excited to launch in-person events,” said Lear. “Our March 2023 Las Vegas event is designed to be the key kickoff event for the entire fintech industry at the beginning of every year, and will enable us to quickly build the biggest and best US fintech events.”
jamrock
Replying to an old thread here.
I read your replies and its clear that I read your post in a context that you didn't intend, you and I seem largely in agreement re the (sadly continuing) awful situation in the East.
No one likes appeasement due the shadows left by events in the 1930s. But the question of appeasement takes a new angle where multiple thousands of nuclear warheads are part of the equation.
I too agree, if I now understand you, that the West have dug this hole far deeper than perhaps it could have been. With a monster like Putin at the helm there had to be a way for him to escape with his head held high and proud, else the result is simply destruction. We in the West slammed that door shut, smugly thinking we are all powerful in our ability to bring this dictator down through sanctions and weapons supply. Without some sort of uprising against him internally this will just be a long war of attrition. The losers here are not only Ukrainians but ordinary Russians who will lose their place in the world for a generation - in fairness this is not their doing, and I have sympathy with them as they are pretty powerless unless they like prison food or worse.
Back on the context of Hyve, the continuing decline in the prospect of a ceasefire adds weight to the wisdom of Hyve's focus away from Russia, though I do wonder if there will be problems collecting the monies for the sale of the Russian business unit.
Again, apologies jamrock, good easter if you read this.
The stock as a short position on it like most stocks on the ftse 250
Have you ever considered Premium Bonds?
Seriously strong rns gets released and this drops back down!!! What's going on ?!?÷
This is useless. Back to normal downturn
Share price tanking again! It's like uk stocks are finshed ..... Weird times... These were doing better at the beginning of the pandemic
Article in the Times today based on yesterday's RNS
'Hyve plans Russia sale under pressure from investors'
Hyve is planning to sell its Russian operations after warnings from its customers that they would boycott western events unless the exhibitions group pulled out of the country.
It proposed a maximum price of £72 million for a proposed sale to Rise Expo Limited, a new entity incorporated in the United Arab Emirates. It will be majority-owned by a German national with “significant experience in the events industry”, Hyve said.
The London-listed group’s statement yesterday added that the decision also reflected issues with compliance and operational challenges after sanctions were placed on Russia in the wake of its invasion of Ukraine.
In a trading update, Hyve revealed revenues of about £58 million for the first half of its financial year, up from £5 million for the same period in 2021, excluding its Russian income of about £17 million. It anticipates finishing the year with net debt of £80 million to £100 million.
Last year Hyve’s operations in Russia accounted for 27 per cent of revenues for the group. Its largest show in Russia is MosBuild, an annual event focused on the interiors and construction industries. Globally its events cover the construction, energy, fashion and tourism sectors.The group revealed bookings for the full year worth £103 million and said that its increased revenue “demonstrates the continued realisation of pent-up demand for in-person events as key shows return, enhanced by the execution of the group’s omnichannel strategy and despite continued Covid-19 disruption in some geographies and challenges across the wider geopolitical environment”.
Shares in Hyve rose 1¾p, or 2.5 per cent, to 75¼p yesterday.
UT and my account showing 79.3 end of day? Was this the actual closing lrice?
Well, you are lumbered with me again, bought the 10,000 back I sold a month and a half back.
While the Russian business may have been a major earner, the loss of it has already been reflected in the drop in SP since the conflict in Ukraine began - surely no one was expecting the contribution to be regained in the near future if ever.
Quetta,
You're not going to start posting sheet every 5 minutes like you used to on the PFC board are you?
I guess that's what the filter button is for huh?
At least here there's usually no-one to react to it.....
As said before, HYVE is always a slow burner, give it days/weeks and it will be over £1, great future for these guys now COVID and lock downs are behind us generally and the sale of the Russian business.
Hyve has always been slow, give it until end of week, be 80 plus easily, £1 plus by end of month!
HYVE has had a hard two years, but COVID and lock downs are ending and have ended in most countries, Russia business is getting sold off which also works as downsizing, so a decent chunk of cash into the business, they can now focus on moving forward.
Easily valued at around £1.25-£1.50 share now, so under-valued and a bargain whilst sub £1, been buying in in the 50-60p range and building my stake but not selling until its over £1 which I suspect will happen pretty soon here now!
STRONG BUY!
Long term easy double bagger!