Think of plant hire, think of HSS? Think also of SDY, think also of AHT to name but two who are listed.. Look at their accounts, look at their share graphs recently. I am happy to be proved wrong. I am happy to argue points. Tell me, why should HSS recover better than just these two alone, they already are recovering.
2020: HSS have just had to raise £54m to avoid breaching covenants. It is closing 134 branches. 2019: HSS sold the UK Platforms part of their business to raise £60.5m 2018: HSS renegotiated it refinancing arrangements 2017: Following a £13m fundraising in Dec '16 (to avoid breaching covenants - again) it announced a strategic review of its business. HSS is not an investment, it's a gamble on an recovery of an HSS business. The hire trade is a cut throat business sector. There is enormous competition out there. Everyone is struggling to survive. I know. I've been in it for nearly 30 years. Look at the share charts. Look at the accounts. Look at the debt. Look at the miniscule profits. Look at the cash/debt positions. Look at the Auditors opinions. HSS is high risk but good luck to those is stay on board. There's far easier money to be made by investing, not gambling. This is only going one way.
Takeover target??? MCap now £26m. Who, tell me, in their right mind, is going to buy £200m+ of net debt, for any price??? Have any of you even looked at the HSS last accounts? Have you even read the ‘going concern’ statement?
Recovery? Recovery in the economy = an increase in the bank rate = more interest to be paid on its debt, over and above the £13m-£ 18m it’s already costing per annum.
HSS only keep their heads above water because of the support of their Shareholders and Creditors. II Shareholders who are already in up to their necks, (bought in at 210p and have since seen their capital investment all but disappear), not you PIs who are just gambling on some pie in the sky recovery.
Results to be announced 20/10. Absolutely looking forward to it and the expected slow rise in the SP in the two weeks running up to that date. The results, IMHO, may (or may not)reveal a profit to date nor any dividend prospects, but they should contain an encouraging view on future accounts and results. Personally, I would prefer them to reinvest in growing the business rather than pay peanuts to existing investors but, everyone to their own. The liaison with Alstom should be a good venture, they could buy TPG out of petty cash if they wanted and are impressed by their future.
It sometimes amazes me that Companies like this go under the radar. SP has drifted despite the fact that there has been no bad news, only positive in fact. OK, so it's AIM, but I can't detect any sense of leaks when news has been released. Sure, it's not a Company filled with rocket fuel but it's BoD are trying very hard. All going in the right direction so far and trying to build. Maybe it will have trouble reaching double digits in its own rights but as a takeover target I reckon it has its merits, especially at anything below 8p. When half year figures are released they should be very good. SP will rise then but fall back until new progress is announced. Definite hold for me medium term. A snitch at this price IMHO.
IMHO I expect the trading update to be issued on the day of the AGM. As for the price. I reckon it's been walked down to let in IIs on the 'cheap'. If trading update is good, as it should really be, then sharp increase in SP followed by the now traditional fall back!
The thread is obviously of a wider ranging issue than the specifics of TPG but the bottom line is that a lot of people are invested here because of the 'review' given on the NT website. Only time will tell on any share but I am pleased to see that there is no report on today's update of any sale of his holding. (Shareholding I mean, not that he has become some sort of gigolo!) Sorry Robbie!
Huge 1.7M trade was a late reported one from 8.50 this morning @ 7.70. Could well have been a buy at that time given the opening prices. Maybe someone buying up the recent large sales? If so, would expect a holdings RNS from a new or existing II in a few days.
'I bought some more TP Group (TPG) - this one could have some serious upside.
I like to average up and this looks the perfect candidate with lots of good news coming out on this one. As the news comes out, the price carries on rising and it looks like a previous seller is out. It's announced its first production of oxygen from its new system which could be a good long-term earner and today it said 18m Eur of work orders have been secured under its ESA contract.
It is beginning to look like a company with bright prospects that has been underrated, if the market re-rates it there could be a lot of upside as its rating has been low for some time.'
Buyers are coming in and initial target is over 10p.
There are investors, traders and gamblers. A fruit machine tells you on the front that it is only going to pay out an average of 74%. TCGs BOD tells you that it is likely to pay out 0%. Therefore, one for the gamblers only.