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Share Price: 8.35

Bid: 8.12

Ask: 8.58

Change: 0.00 (0.00%)

Spread: 0.46 (5.665%)

Open: 0.00

High: 0.00

Low: 0.00

Prev. Close: 8.35

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IN BRIEF: HSS Hire Says Revenue Recovering As Switches To AIM Listing

Thu, 14th Jan 2021 09:46

HSS Hire Group PLC - Manchester-based equipment rental firm - Says revenue continues its steady recovery from the virus pandemic. Revenue was 94% of 2019 levels in the fourth quarter and 97% in December alone. This was up from 50% of 2019 levels in April, 63% in the second quarter and just above 90% in September. HSS also says it has financial liquidity headroom of more than GBP100 million. "The company has recently restructured its operating model to accelerate its digital strategy and I am delighted to say is performing well," says Chair Alan Peterson. HSS provides the trading update as its shares start trading on AIM on Thursday, moving from the London Main Market. HSS says the AIM listing will give it "greater flexibility" as it implements change.

Current stock price: 12.42 pence, up 4.8% Thursday

Year-to-date change: up 16%; down 55% over past 12 months

By Tom Waite; thomaslwaite@alliancenews.com

More News

22 Dec 2016 09:28

HSS Hire announces £13m share placing

(ShareCast News) - HSS Hire has conditionally placed just over 15.4m shares at 83.875p with certain existing institutional investors to raise about £13m before expenses to strengthen its balance sheet. The tool and equipment hire group - which warned back in November that 2016 earnings would be abov

24 Nov 2016 17:00

LONDON MARKET CLOSE: Stocks Drift To Mixed Finish With US On Holiday

24 Nov 2016 16:41

London close: UK stocks subdued on US Thanksgiving as resources in focus

(ShareCast News) - UK stocks were in cautious form all day Thursday, with global markets generally subdued as traders in the US put their feet up for a Thanksgiving break. The FTSE 100 closed up 0.17% to 6,829.20. The FTSE 250 ended the session down 0.18% to 17,590.62. On the blue-chip upside, seve

24 Nov 2016 08:52

HSS Hire warns over 2016 earnings

(ShareCast News) - HSS Hire slumped on Thursday as the company warned that adjusted earnings before interest, taxes and amortisation in 2016 would be above the prior year but below the range of market expectations. In a trading update for 40 week period ended 1 October, the supplier of tool and equi

29 Sep 2016 15:03

UK Dividends Calendar - Next 7 Days

31 Aug 2016 09:36

BUZZ-HSS Hire: Shares slip on EBITDA margin pressure

** Tool & equipment rental co HSS Hire falls as much as 8.7 pct after reports lower operating margins ** H1 revenue +13.5 pct to 166.2 million stg ** JPMorgan says slip in adj EBITDA margin reflects the changed mix with lower-margin OneCall and Training accounting for much of the grow

31 Aug 2016 09:01

HSS Hire trims interim loss as key customer accounts grow

(ShareCast News) - HSS Hire Group reported a smaller loss in the first half of the year and said trading in the third quarter was ahead of last year, but analysts and investors remained cautious. Revenue in the six months to 2 July swelled to £166.2m, a reported rise of 13.5% on the previous year, 1

8 Jul 2016 09:01

BROKER RATINGS SUMMARY: Property Stocks Continue To Receive Downgrades

23 Jun 2016 11:02

DIRECTOR DEALINGS: HSS Hire Executive Sells Shares

10 Jun 2016 10:43

DIRECTOR DEALINGS: Wife Of HSS Hire Senior Manager Sells Shares

8 Jun 2016 15:06

UK Shareholder Meetings Calendar - Next 7 Days

27 May 2016 14:21

DIRECTOR DEALINGS: HSS Hire Senior Managers Sell Shares

26 May 2016 11:46

DIRECTOR DEALINGS: HSS Hire Managers Sell 250,000 Shares

26 May 2016 08:40

BROKER RATINGS SUMMARY: Jefferies And Exane BNP Downgrade M&S

25 May 2016 11:02

HSS Hire Q1 revenue up but warns of softness in UK economy

(ShareCast News) - HSS Hire Group reported a rise in first-quarter revenue and earnings but warned that market conditions remain "very competitive" and there are signs of softness in the broader UK economy. In the 14 weeks ended 2 April, revenue grew 16.3% from the same period last year to £84.3, wh

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IN BRIEF: HSS Hire Says Revenue Recovering As Switches To AIM Listing

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