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Nice rise today :-)
Mr Shearer was appointed to the exec board of SDY under the recommendation by tosca due to his history of successful turnarounds. Unless the milk turns out to be sour at SDY on May16th, some might question whether he may bring more value in a similar capacity elsewhere? As we've seen from recent history, major shareholders can influence these kind of things to happen. I'm not saying that David Shearer should be the next CEO, and I agree SC would be a good choice, especially more than AM that's for sure, but surely a good CEO with a David Shearer on the premises is better than just a good CEO?
Perhaps tosca should of been making a fuss about hss last summer instead of speedy. Makes you wonder why they stuffed some more change under hss' mattress post apocalypse? I wonder whether Dave will make a move to the blue team around September time.....
interesting read here BB and CC.... https://uk.finance.yahoo.com/news/good-gets-battered-growth-stocks-113341518.html ''Equipment hire firm HSS Hire Group (LSE: HSS) is down by 7% at the time of writing, thanks to a very poor set of 2016 results. Although sales rose by 9.6% to £342.4m, adjusted pre-tax profit was unchanged at £5.8m. This means that HSS's profit margins were lower. In this case, the operating margin fell from 6.5% to 6.0%. No final dividend will be paid for last year, a decision that is inevitable given HSS Hire's biggest problem -- debt. In my view, shareholders should be much more concerned about this than about any change in sales or profit margins. HSS Hire ended last year with net debt of £219.4m. To put this in context, the group's property portfolio and its entire fleet of hire equipment were only worth £178m at the end of 2016. I'd normally expect a business of this kind to finance 50%-75% of the value of its fixed assets. But this group's assets are worth less than the debt used to buy them. That's an unsustainable situation, in my opinion. HSS Hire's balance sheet looks very strained to me and I believe the firm needs refinancing. Additional debt is not an option, so a big rights issue seems the most likely option. I estimate that £50-£100m would be required to put the group on a sound footing. Given that HSS Hire's market cap is just £106m, a fundraising of this size would cause major dilution for existing shareholders. In my view, HSS Hire is a strong sell.''
Perhaps Voltaire can give us an insight, he seems to know exactly what's cooking
Dave has bought 50000 today aswell
I'd love to go for a drink with you two.
Will it be a good morning tomorrow morning macaroo?
You need to get your eyes tested then 5/8
I think the point for highlight here is 15.5m GROSS book value. Not NBV. most of the machines are 2 to three years old with a small percentage being a year old. I would hazard a guess that the NBV would be somewhere below the sale price. This is the right thing to do. Getting back to basics, concentrating on doing what we do well, instead of trying to take over the world in five minutes as historically they've tried to do and failed. This is the journey to making speedy great again. Tosca are only interested in putting their own man in place to force through a merger with hss. Funnily enough they have a high percentage holding in hss. Is that a coincidence? The only way to rescue hss is to merge with speedy. This is in hss' interest not speedy's in my opinion.
I still want to know what 'walkingboss' was banging on about with 'wait til July' 'big announcement' and 'you'll have tears in your eyes' perhaps she meant FY18?? My vote will be against Anyone voting for?
No good mornings for a while maccaroo? Can we have one tomorrow morning????