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Started: rp6577, 5 May 2023 11:20
Last post: Philorkil, 5 May 2023 13:02
£1.21 per share, I'm holding in hope of a counter offer but doubtful.
What was the sale price agreed at the meeting?
Started: MonkeyTennis1, 2 Mar 2023 23:24
Last post: johnpwh, 26 Apr 2023 00:37
Must admit I wasn't expecting this move but it has been indicated over the last couple of weeks by the gravity defying SP. I think the word 'final' may put a cap on things this time unless people are really confident of a no sale. Like you Monkey I got out earlier, £1.107 from memory but that was over 5k profit so I'm not moaning. Leave something for the next man!
Turns out they weren't as confident of this bid being accepted as you thought.
Upped the offer again to no doubt try sway certain shareholders.
Still think this price is too low but reckon it might be the dealbreaker. That is unless a rival bid appears!!
Good luck to those still holding. I jumped at £1.12
No alternatives have surfaced, I'm surprised that the SP is above the bid price. I never was very good at this game!
Gauging by the other comments on the site seems a lot of others thought the same. Being sold too cheap. Lots of future potential.
Anyway I sold my lot at £1.12 today.
If the shareholders reject the bid I'll be buying straight back in to Hyve when the share price drops
lol. and..... they agreed a sale. monkey you are something
Started: MonkeyTennis1, 15 Mar 2023 07:57
Last post: johnpwh, 21 Apr 2023 19:08
No SOY but it was a strong finish today. Search me!
I'm surprised to see this rising above the offer price! If the offer is accepted, then you're just locking in a loss at this price? Am I missing something....
I just sold at 111p also @ 30% loss, but time to move on and just thankful it came back up from 60p! GLA. Hoping a decent purple bricks offer comes through shortly now
LTH shafted. feel for those holding since the 500p days. GLA
Me too root
I think there could be a counter offer, although I admit this isn't one of my better researched companies. I sold even though the market appears to be thinking a counter offer is possible. But if that happens it will likely be a handful of pence more, and will take months to conclude .So for me I'd rather move on, but each to his own.
Started: dehghani.eco, 15 Mar 2023 13:59
Last post: dehghani.eco, 15 Mar 2023 13:59
I have lots of Hyve stock, and at the moment I am making a small profit. But the offered price of 108 pence for each share is low. There are three complementary reasons for it: 1. Given that many shareholders bought Hyve stocks at a price of around 110 (the theoretical ex-right price) after the rights offer in June 2020, and some could buy at prices between 90p to 110p, the price of 108p does not compensate shareholders patience. I guess many major shareholders won't accept the offer.
2. The COVID-19 pandemic is over and the Russian-Ukrainian war has no effect on Hyve as Hyve is reshaped . Now, this company is financially healthy and seems to have a solid earnings in 2023, even stronger than before the pandemic. The forecasted price is something between 125 and 175 made by Financial Times for the end of 2023. The investors have not yet made up for the risks they have taken.
3. The overall market has not been good in the last year; interest rates are high, and prices are lower than a year ago. This high interest rate regime is not going to last a long time and will finish in 2024.
I hope that the offer would be rejected and I am willing to keep Hyve stocks for 1-2 years. To me, expecting the price of 150 is realistic. 200 is optimistic.
Started: MonkeyTennis1, 28 Feb 2023 20:38
Last post: MonkeyTennis1, 28 Feb 2023 20:38
5th Oct 22 - £68 million forward orders declared for 2023.
13th Dec 22 - £98 million forward orders declared for 2023.
FY 2022 revenues of £122 million.
Double digit growth expected for 3rd consecutive year. Covid all but now disappeared. No doubt Half 2 of 2023 will bring increased revenue as it did in 2022.
I'm expecting fy23 revenues to be £160-180 million based on current forward orders and strong demand and reopening of Chinese Market.
I'm believe there will either be a rival bid or the B.o.d will just reject this offer outright.
March 27th Investor's event and strong trading statement will surely bring increased attention /investment. This company is going places quick. Why would they jump ship now after doing the hard work rescuing it from Covid? Debt reduction going great guns and new finance agreement secured. Also going from strength to strength in the U.S market / digital events.
I just can't see the appeal of a sale. Fingers crossed it just doesn't happen.
Good luck all
Last post: Happening, 28 Feb 2023 13:53
Thanks Trader, So if worst scenario is that I'll probably have to wait a few weeks for payment of 105p per share then think it probably worthwhile to hang on for higher price. Also if the company reject the offer would suggest the company believe they are worth a good deal more than the offer. GLA
Last post: 42trader, 27 Feb 2023 14:32
If the bod accept the offer then it would go out to other investors, pi and ii to vote to accept or not. Then if accepted 105p would be the price you would get a few weeks later. So, you could be waiting a couple of months for it from today. If you don't want to accept then vote no or if you think another offer may come in at a higher price it is worth waiting. Other wise you may as well sell now or when you see a high price. I sold today at 104.07p.
Does anyone know the procedure if the offer is accepted by the company? Presumably the offer 105p per share is what us shareholders would receive once all has been agreed?
Started: MonkeyTennis1, 29 Jan 2023 23:20
Last post: Deano1978, 22 Feb 2023 14:35
Well done teddy, I sold up yesterday, better to be up and watch it go up further than to sit there kicking yourself iff it tumbles and your stuck once more
I have sold up...Will watch from a distance for now GLA
I sold 30k yesterday late on, and wondered about buying back in today, a mistake image all too often. Unless counter bids come in, 105 is likely top end for now.
It can drop heavily, quickly, having been between 83 and 66-70 several times since early Jan, for no apparent reason. I hope to stay out for a week or 2 and see which way it heads
Nope, not for 5% margin that you might need to wait 6 months for, less buying costs. Unless there is a second bid but I wouldn't count on it, and if this falls through you'd be buying at a quid and it would be back in the 80s
Not now you missed it
Started: MonkeyTennis1, 21 Feb 2023 12:30
Last post: Roguemale1, 21 Feb 2023 13:48
At the risk of me being the usual HYVE bore wrt M/Cap, the figures you are using are the ones back-plotted on most platforms after the share issue/consolidation and they do not represent the actual ones pre-covid.
Market cap pre covid was 815m shares x circa £1.00= £815m. It was trading around the £1 mark just before COVID hit and it dropped to about 20p being 16p immediately prior to consolidation.
Shares in issue now 265m....
Completely different beast to what it was pre pandemic though. Now operating in developed markets and cash generation should only go upwards and upwards especially as China reopens. Lots of opportunities in the U.S also.
I guess the results they plan to announce on 27th March will determine whether they accept the offer or not. If they are doing as well as I suspect, I can see this bid being rejected if it comes to fruition. I was expecting the S.P to hit these heights just on the back of the results so I see little point accepting a low bid.
Choose wisely
High percentage of revenue came out of Russia, which no longer does
"105p offer, are you kidding me? Hyve was 500p prepandemic and as China opens, its worth much more!"
Pre covid they had 74m shares in issue, so £5 = £370m market cap
Today the share count is 292m, so £370m market cap = £1.27
So the £1.05 is around 20% below the pre pandemic level, leaving room for further bid upside but not a lot. I suspect they'll accept 105p.
105p offer, are you kidding me? Hyve was 500p prepandemic and as China opens, its worth much more!
Started: Roguemale1, 21 Feb 2023 11:39
Last post: 42trader, 21 Feb 2023 11:41
Yes I would say it is a cheap offer. Hopefully a counter bid will come in.
Its gotta be worth more than that surely?
Started: johnpwh, 17 Jan 2023 08:47
Last post: Roguemale1, 26 Jan 2023 19:20
42Trader
I generally agree.
The one thing I would say is that the share consolidation tweaked the price yes, but 300 is still possible as a return to the previous pre-covid market cap which was 3 years ago. There is a lot of historic posts on here going around that buoy, as at the time the platforms all ran back plotted graphs showing previous back-extrapolated prices of £10 plus which the rampfest seized upon. etc etc.
They do have a history of using equity to raise or pay for stuff, but overall I'm still positive. GL
Don’t think there are shorts open on this share and if there is, it’s a very small amount. The rise to 85p was on the back of breaking above the 50 and then the 200ema. A healthy retrace then happened back down to the 200ema which it has bounced off. Should see 85p again soon before going higher over time.
A golden cross has just formed which is quite bullish.
Fundamentals are good. The company has gone through a 5 year plan to change and adapt. Going from 90% revenues from emerging markets to 95% in evolved markets which are safer and more profitable. The company has returned to profit making. The only downside is the dept which is being repaid and manageable now it is profit making. The other downside would be there are more shares than 5 years ago, so it’s unlikely to go back to £3 again but it could easily see 90-100% increase from these prices.
Unlikely to see the money from Russian sale of the business. This money should be ignored now and if it is received it will be seen as a bonus.
This stock was 82 and down to 69 on what I look at the charts this stock is like a yo-yo got to be some short some were
Saxman, I couldn't see any short positions on this website. Where did you get your info from?
Any reason for 20% drop this week?
Started: johnpwh, 12 Dec 2022 16:49
Last post: johnpwh, 13 Dec 2022 09:12
Lord, Teddy
Seems to be pointing in the right direction. My investment is only 10k shares but I am modestly in profit having only come in again this year. I had a flutter in 2021/2 which produced a little profit too. I like that they reacted to Covid by developing an online presence. It shows the quality of the management, who didn't dither but got on and did something that they may well be otherwise still just thinking about. The loss of previously lucrative eastern European business units is regrettable but they always did carry political risk, the whole operation now seems 'safer'. I was in ITE for years, so always kept a watch on Hyve, ITE was a gift that kept giving. Happy with my modest investment here.
Agreed its is looking good. I bought in the 50`s as a recovery play and these results confirm it
Looking better
...13th? At least its not a Friday.
Started: ChesworthCapital, 5 Oct 2022 11:47
Last post: sjsrace, 9 Dec 2022 19:20
Results next week, pre close was very positive and suspect their take on 2023 will be equally bullish. That said it is a company that over the years has destroyed shareholder value time and time again imo. In any case every share has to find its bottom at some point… so this rebound might have done that and continue up - for now anyway. I am holding for results having bought in lower and will assess next week.
I am still holding some shares I got at 88p.. I hope one day I will make a profit :-)
Lordeh
SP seems to be rising quite nicely. Anyone got any thoughts?
The recovery play is that they are pivoting from emerging markets, see below taken from the Pre Close FY22 dated 5 Oct 22
"The Group's operations are now more concentrated in advanced economies and its US presence has significantly increased compared to previous years. Approximately 30% of the Group's revenues are now generated in the US and therefore the recent strengthening of the dollar against sterling is expected to have a positive impact on the Group's results in FY23"
you are kidding aren't you - Hyve formally known as ITE was a specialist in Russia - that was their point of difference. Where is the recovery play
ceo on sky news atm
Last post: Morgan22, 5 Oct 2022 09:22
Cmon 75p haha
A good day at last, earnings strong, up 13%
Because ATM this share is d*gs**t
Massive sell volumes, no buys, any idea why constant decline yet again, especially vs rising markets?
Results next week hopefully they're good
Started: Beachfeont, 22 Sep 2022 20:49
Last post: johnpwh, 27 Sep 2022 11:45
Plus market conditions. Small companies are not doing well in general, people turning to cash. No news, there is no reason to buy more than anything.
I am pleased that the epidemic prompted them to branch out to on line events, they may not have done that otherwise.
I am under water here a bit, but happy to hold
Perhaps recession fears putting a damper on future demand for hyve services.. businesses could I guess invest less in business development and conference gigs
A never ending decline, based on what?
No apparent reason to be walked down every day, but no reversal in sight.
Started: Beachfeont, 5 Sep 2022 10:18
Last post: johnpwh, 14 Sep 2022 13:56
Morgan
Wotcha!
Just give me 75p and I'll probably bail, too slow a burner recently for me
Who's there? Haha I think chatter has died down but the fact value has held at the 65-70p marks shows fairly strong support. This will now be a bit of a slow burn over the next 12 months as HYVE restructures the business. News coming out from Ukraine recently should boost SP, that War coming to an end and peace in Europe will help Hyve's revenue streams. Clearly an imminent recession and less business activity/conferencing will have negative effects on Hyve, but I am currently sat on a 5-10% loss on my aggregated buy in price. Keen to hold and want to see a return to the fairly recent highs of 1.3-1.5 in the next 6-12 months. If it can get back to there I can see £2 as more than achievable. Still a good cash buffer and good management pre-covid and during covid
knock knock
there are currently no open declared shorts
https://www.shorttracker.co.uk/company/GB00BKP36R26/
saxman303 if you cant read a chart maybe you should do something else
Started: Morgan22, 24 Aug 2022 11:09
Last post: Morgan22, 25 Aug 2022 22:22
Nope but worrying tho.. if we could just get to 75p I'll happily sell at no profit
Any thoughts on the constant decline?
Thanks, is a strange one, when you want it to motor seems to take forever, then when out of it it catches you by surprise :/
I'm in mid 80's, zero volume, lengthy downward trend for no reason apparent to me. I've been in and out last 3 years, seen this before but have no idea what pushes it. Probably a push down to 60, then quick rise to 85. Very confusing, and tedious
Would appreciate people's views, I've been in at 73p for months now and have been hoping this would of hit 80p by now
Started: Deano1978, 27 Jul 2022 10:46
Last post: PRN19, 27 Jul 2022 19:10
Pleasure mate, glad it helped.
Thanks for that Paul i just couldn't remember our know where to look.
Hi Deano,
In June 2020 Hyve completed a rights issue whereby for every 40 shares held you could purchase 9 new shares at a price of 69p.
This increased the issued shares by 22.5%, to calculate the effect on the pre rights issue share price on any date prior to the fund raising you need to reduce the share price by 18.36%. For example, Hyves share price on the 3rd January 2020 on the charts is shown as 568p, less 18.36% this becomes 464p when you take into account the share dilution.
Hope this helps and makes sense :)
Cheers Paul
No idea sorry, assuming not a dilution to come?
I'm looking at the chart but it's not correct, does anyone remember the dilution of shares and what the high point equates to after dilution?
Started: Morgan22, 15 Jul 2022 15:47
Last post: Beachfeont, 15 Jul 2022 17:42
What would cause zero fluctuation on daily price aside from just low volume?
I'm guessing it might be the covid talk in the news that is putting the dampers on this one ..
Started: Morgan22, 14 Jul 2022 09:53
Last post: Morgan22, 14 Jul 2022 09:53
Thanks all. No choice but to wait and see.
Started: Morgan22, 13 Jul 2022 08:32
Last post: unluckyInvestor9, 13 Jul 2022 21:55
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
Last post: Troajan, 27 Jun 2022 16:03
Started: Happening, 25 Jun 2022 11:52
Last post: Happening, 25 Jun 2022 11:52
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
Started: Beachfeont, 24 Jun 2022 11:19
Last post: Beachfeont, 24 Jun 2022 11:19
Anyone invested here?!