Hss Hire Share Price (HSS)

I think there's a good opportunity here to accumulate. At the moment the heavy civils boys are doing fine, and their prices are starting to move back to where they should be eg COST and Kier. But at the moment the resi new build market is dead with schemes being stopped even after they have started. When interest rates start reducing and that changes then the additional turnover should ice this cake nicely. IMHO.

Decent results. Well managed on the comms front, as no surprises given they had given good steer at time of the Power sale. Hard to see what more management can do at this stage to revive investor interest in a business that has transformed itself over last 3 years, but the legacy of previous issues still lingers large. Growing top line, strong cash conversion, decent dividend, low leverage, and ongoing investment into the business should all be seena sgood news but sp stubbornly refuses to recognise the quality of the transformation. Perhaps that s why Quested has had enough and who can blame him. The small cap malaise combined with difficult sector conditions and general aversion to sensitive sectors like this has to turn at some point, but I've been thinking that since the autumn and sp is down 15-16% YTD.

The results, were down as expected, but..... "Revenue improved by 4.9% to GBP349.1 million from GBP332.8 million, but costs outpaced this rise, as HSS Hire said it invested GBP5.1 million in additional operating expenses and GBP1.3 million in one-time technology capital spending to support future growth."

I the economy also improved with time she could be a good punt for the future

Well the results are there. Quite a resilient performance in what has been a tricky 2023. If this is as bad as it gets then we should be on a for a nice rise this year as interests start easing and confidence builds.

I have to say it seems hard to make good profirs in this space. A little extra margin (for all players hold speedy as well) should be discussed at the board, too much downside risk in the revenues v costs operating at such tight margins to revenue.

We should finish in the green...

Counting down the hours now.

Alarm clock set for 6.58!

Get up, pee, wipe the tired eyes, boil kettle make a brew in time for 7.02, sit and digest the update.

Back to bed, get up 8.40, to see how markets have reacted to a 10p divided!!!

Gla.

Wishful thinking 🤔