Member Info for Wanderer100

The current market cap is £135 million.
£0.65p per shar would make this a £450 million business. That's quite an ambitious valuation in my opinion.
Personally I think 40p per share is a realistic target. Then lets see what the full year results are.

Fingers crossed indeed! I'll be logging on at 7am to read what they have to say about the last few months and the forecast for the rest of the year.

The sooner the better. Anything to drag the share price out of its current state of topor. Only good news and serious buying will get this moving upwards.

Interim results were published on the 8th October last year so I would expect a similar tineframe this year.

Barmy! Down 9% at one point yesterday, up 9% today. Almost a 20% swing on no news. There's no telling what's going on in the stock market. I still feel Brexit and Covid will cause further damage to the markets in general but any rise is welcome.

Inflation will be driven by wage inflation which increasingly having to be increased as the country suffers from a dearth of labour during to the mass exodus on the back of Brexit. The UK is not in a healthy financial position and I fear inflation followed by interest rate increases will bring growth to a grinding halt. The FTSE is nearly 3% down as international travel continues to struggle and oil prices are set to drop on the back of OPEC increasing productivity. Its hard to see any good news anywhere.

I can still see materially ahead on EBITDA2.

Q2 2021 EBITDA2 and EBITA2 remain ahead of the comparable FY19 levels with the Group's digitally-led, lower cost operating model delivering further margin expansion. Based on the performance in the second quarter, EBITDA2 for 2021 is expected to be slightly ahead of market expectations and EBITA2 is now expected to be materially ahead of expectations, including the benefit of reduced depreciation following the change in operating model.

A solid update with lots to look forward to as the country's economy continues to grow.
I would be disappointed with less than 30p per share by the end of September.

Profit to fund future growth is what's required.
The capital raise will sort out the debt problem hopefully.
£2 - £3 a share is a long way off, Ill settled for a £1 a share for now once dilution has taken place.

2 large delayed trades totalling nearly 900k shares just popped up. Both sells?

The price is dropping because someone is dumping shares. 6/7 sell trades equalling 5000,00 shares by the look of it.
What do they know that we dont?

HSS revenues were £260 million last year. The debt pile is nearly 50% of income. Hardly peanuts is it?

I get the feeling that the debt is weighing heavily on the share price at the moment. From a recent high of over 25pps, the price has slumped by nearly 25% on no news. the recent RNS highlighted a reduction in the overall debt but the company are still carrying the burden of £120 million in debt after paying down nearly £60 million.
These kind of statement worry me: Strong working capital management, overdue debt at lowest level in over 5 years
Overdue debt!! It doesn't read well and once this gets back into the low 20s I'm out. A decent recovery is going to take a few years and that's assuming the current strategy of piggy backing the business outlets onto builders merchants works out for the best. Too many risks makes this a gamble.

For what its worth!!

LIBERUM RAISES HSS HIRE PRICE TARGET TO 21 (12) PENCE - 'HOLD'

Yes, a very positive RNS. I wonder what the market will make of it and if there will be any broker upgrades. 2021 off to a healthy start and with Covid on the back foot and the construction industry going up a gear makes this an attractive investment.

There will be no double figures after that RNS. Confirmation of September's gloomy forecast and the begging bowl to be passed round for more working capital.

This mornings news of a travel ban until July and possibly much of Europe being put on the red tracel list hereafter won't help the share price over the next few weeks.

Dated 2014. What's your point?

The markets are forward looking and this is a forward looking statement that doesn't provide certainty but does create uncertainty. The company is uncertain about how to go about its business which is getting oil out of the ground. The price will drop in my opinion.

The Group made significant progress in 2020, improving its operational, financial and governance processes and board composition, including strengthening the Group's financial position through a successful refinancing in June 2020. The net result has been an improvement in revenues, underlying operating profit1, working capital and cash generation in the second half of 2020.

 

The Group expects to report underlying operating profit marginally ahead of expectations for the year ended 31 December 2020.

If that doesn't fire a rocket up the share price I don't know what will!!