Havelock Europa Share Discussion Threads

[jbarker5555] 17/8/2016 16:08

WHoops missed that bit, thanks timnet! :)

[timnet] 17/8/2016 14:17

"What rumour?" See posts 4941 and 4942.

[cookpeter1958] 17/8/2016 12:59

New Production/Manufacturing Director starting tomorrow.

[jbarker5555] 17/8/2016 12:37

What rumour?

[timnet] 17/8/2016 12:24

Anyone care to expand on "rumour about AB" and "Gone from 2 Manuf Directors to none"?
When are next results due?
Thanks

[cookpeter1958] 15/8/2016 21:01

Gone from 2 Manufacturing Directors to none today!

[neverforget] 15/8/2016 09:25

Results in a couple of weeks should be the same old same old. First half okay market challenging second half visibility tough. Give me my salary coz I ain't buying any

[neverforget] 08/8/2016 09:48

Thx for update all.looking at results in September busy first 6 but need visibility second 6.slightly ahead.
Also believe ab is looking at VC funding. Just rumours.

[neverforget] 04/8/2016 10:51

no point whatsoever in being listed. no interest

[honestjohn1] 22/7/2016 14:54

HVE worked on a 3 cycle project system 1 at the start, 1 ongoing, 1 complete at final account stage. This was when HVE had very experienced PMs and with a lot more accounts than they currently have.
There was and has always been a problem with PMs not being in the office on a Friday.
The 12 noon finish is away of sanctioning that issue.

[truthful tommy2] 22/7/2016 14:32

Pied wagtail
By Your reckoning Havelock would have around 40 - 50 projects on the go at any one time. They might have had that amount when they turned over 120 million and had the Lloyds account. But not today.
Your correct with the 12.00 noon finish but tell this why did the CEO ask PMs to stay past that time when there was a shareholders meeting.
A noon finish does not mean you dont turn up.

[pied wagtail] 22/7/2016 13:47

Sorry Tommy2 but your info is dated ,most PMs are delivering minimum 4-6 projects at any one time , maybe some are delivering 1 big budget project which requires a full time PM , I believe it was the company's decision to go with a 12 noon finish on a Friday ,

[truthful tommy2] 22/7/2016 11:10

pied wagtail, not sure were you get your information. The currant PMs only handle and get 1 project at a time. Most go missing on a Friday travel 2 days out of the remaining.
2 currant contracts in the London area have been a disaster. Late furniture unhappy clients. Over spend on prelims. Site manager leaving his site early with the full knowledge of the PM and nothing has been said.

[pied wagtail] 22/7/2016 10:34

Toscin , i would have to disagree with your first comment , The PMs are vastly over worked and paid accordingly ,at present the PMs are the backbone of havelock ,dealing with awkward cients and getting projects completed and on budget

[tocsin] 21/7/2016 10:02

Not only are the PMs vastly over paid, HVE have a team of "Buyers" and associated costs / overheads milling around in China and have had for some years. You could understand the reasoning when HVE turned over +£120M and was sourcing cheaper raw materials and finished products for all the intra group companies (Showcard, HVE, ESA, Teacherboards, Clean air etc) but all these companies have now gone ? All the good Sales People are no longer with HVE but with competitors and the rates mentioned above are disgusting for PMs and the mentality and thinking behind this and the zero hours contracts ???? You can now see why any Projects going through do not make any margin !!!! As shareholders what option is there but to get Hew Balfour to merge this into Styles and Wood and trim out the Fat cats and massive overhead associated with them.......

[ed 123] 20/7/2016 17:03

Ta, honestjohn1. :-)

This has dragged on for years. I had thought that Andrew Burgess would have got a grip on it - but there's only so much a (large) minority shareholder can do.

I do hope he eventually exits ok. He comes across as a decent bloke.

I remember when HVE had a relatively high asset value. With hindsight it might have been better closing down and selling the assets.

Maybe the new management will ultimately turn it around?

FWIW, I sold out a while ago.

[honestjohn1] 20/7/2016 16:17

Project Manager

[ed 123] 20/7/2016 15:02

What is a 'PM'?

[cookpeter1958] 18/7/2016 19:54

Why after having redundancies do they still have 2 Directors for Manufacturing?

[honestjohn1] 18/7/2016 19:36

Fact
2015 saw the loss of 135 jobs.
Fact
2015
Saw the loss of revenue to 70.3 million from 92.46 million.
Fact
2015 saw the biggest single client lost with Lloyds group pulling the plug.
Fact
Lloyds account started with BOS, HBOS, LTSB, then finaly Lloyds 20 years ago.
Fact
Previous years saw the loss of TSB, Co-op, Virgin Money, RBS retail, RBS offices,
House of Fraser,Post office services, Tesco, M&S contracting.
Fact
The near loss of the Boots account.
Fact
The venture into Health care dissmantled / given up.
Fact
The biggest corporate financial loss at Aviva stadium Dublin.
Fact
Lloyds would not talk to the Havelock account director who sole job it was had been was to look after this account.
Fact
The delivery/ project / construction/ operations director did not have a clue as to what was going on, in 2015 or previous years.
Fact
The ERP system is currently 1 year late, no new date is on the horizon.
Fact
Site supervision on Zero contracts.
Fact
Experienced staff removed, left, gone and replaced with family, or in-experienced staff.

Opinion
IN-Concomitant Departmental Directors, and over paid.
Opinion
CEO unwilling to make the surgical decisions required, (remove the above)
Opinion
2017 revenue will be around 63 - 64 million.