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I have a contrary view, I see no reason to sell at these prices given it has been so much oversold. One news of ceasefire and this will gain potentially 100%. Hyve continue to do business as usual outside Russia which is their main market anyways.
Sadly, the 48p support has been broken today. 12p is the stronger support level from where the sp had gapped up back in May 2020. There is though another support level, ableit not as strong as 12p, at approx. 32p. I would expect the sp to drop to this now.
The BOD buying last week was a good sign they believe the company will survive and create a good buying opportunity to make money. It's impossible to say though what level HYVE will drop to. I see no reason to buy HYVE at the moment, but I'm not sure I would sell at this price now. Maybe if you are in cash, buy around 32p but save some cash for a lower entry too.
This hitting 1£ thod month?
I think they would've mentioned that in the RNS.. but yeah an email never hurts.
Not likely but why not email the company and ask.
I recall in lockdown we had insurance payments for cancelled events. If we lose revenues due to cancellations as a result of sanctions wouldn’t we be able to claim?. Not sure if I’m barking up the wrong tree but just a thought.
The Russian part of the business should be considered written off, at least in the short to medium term. Even if the Ukraine situation resolved immediately it will be years before exhibitions get back to normal in Russia
And another.
Not going skint anyway....
A statement on their intentions now re the Russian part of the business would also help.....
That’s a good sign indeed.
Oversold IMO. Take 30% off the pre-war market cap of ~310m gets you ~220m (vs. ~150m currently). Strikes me as worst-case so potential upside to that. Take a view that western markets will recover this year and HYVE still a good long term bet.
This really is absurd . I know there is heavy Russian exposure, but the drop is relentless. RR at least have turned a corner!
Soon!
Think there was a 10 for 1 RI / consolidation May 2020, so not sure what today's price equates to pre then. It has been prone to sharp swings last 2 years, hopefully will see another son....
Guys,
Whilst generally agreeing there's a lot of risk because ii s adjusting and the previous raise envisaging a different set of circumstances to those now faced, talk of 12p is not correct. Maybe the Market cap represented at the time of 12p (if that's what it was I was in and out in the high teens so maybe), but the same MC wont now be 12p because of the consolidation. And that MC was based on the whole world shutting down.
I can see this dropping down to high teens before it rises again. I was invested but luckily got out at 108. If it drops to high teens/low twenties then im back in
Makes sense, thanks for reply. Also in AML and RR which have both been hammered more than most last 5 days!
Paper losses too heavy to sell, will have to sit it out and hope for recovery over the next 6 months or so. Terrible timing!
42trader.
You talk a great deal of sense, its too easy to think that things are bargain and rush in/average down just to see things get worse. Probably better to watch and buy back in when the situation changes and the way forward is clear. Yes, you'll miss the bottom and you will buy on the rise, but that is a price worth paying because the bottom may be way lower than this (we don't know).
It’s a little hard to explain but 12p would be where support was found after the covid crash and where it stopped for a while. Doesn’t necessarily mean it will go that low. You would be better googling support/resistance. A lot will depend on whether hyve has enough cash to get through this. Hyve bod have done a great job after covid keeping the company going and also from before that when it used to be ITE. There is a good chance they will survive this but they may need to raise cash again which would be detrimental to investors. Currently iis are seen to be removing positions in all companies with connections to Russia, so holding is a big risk now. Better to be out atm. You can always buy back in later on positive news.
Incredible! Traded hyve constantly last 18 months, never expected sub 80p again, now in 50's and free fall. If it reached 48, how come the next support level is so much lower? Thanks for info.
Just topped up at 61.70. Fallen 40% in 5 days. Russian revenue was 20% of total revenue in 2019. It increased as a proportion in recent years because of covid and the fact that Russia was open.
Next major support is at 48p then its 12p. NAV is at 51p. A lot will depend on how well the company does in the rest of the world but without actually knowing the figures it is too hard to work out where the sp will drop too. I would guess 48p for sure. Beyond that is any ones guess. Will another rights issue be needed to raise cash?
Averaged down heavily on 1st big drop last week, terrible timing! Very concerned as to where the bottom may prove to be.
Not looking good here for HYVE. The Russian side to it's business contributed about 50% of it's revenues and was the only segment to be profitable last year. I'm not so sure now, that buying in the low 70's would be a good idea any more, unless some how sanctions were lifted. I have great respect for the bod here and think they have done a great job in the past, but they have too much stake in Russia for my liking.
gla
Watching this having sold out on 15th Feb. I could do a 30 day for a profit but must admit I'm not really inclined to rush here. This situation is going to drag on for weeks or months and I can see Russia becoming a totally isolated State (especially if they employ increasingly inhumane weaponry in their frustration) which will only change when Putin and all puppet politicians associated with him are permanently removed from power.
SMALL-CAP WINNERS & LOSERS: Russia-focused firms sink after invasion...
"Hyve Group PLC, down 14% at 91.43p, 12-month range 80.95p-158.20p. Shares in the companies - significantly exposed to Russian business - fell sharply after Russia invaded Ukraine. "
Very sad situation right now.. god bless all the people in Ukraine. Tough times ahead for all I think..