Havelock Europa Share Discussion Threads

[goodoldays] 03/2/2017 02:14

Savvy surveyor, hope you are ok in all of this, you have a right to express your views.

[mikepompeyfan] 02/2/2017 16:38

I'm guessing if you name people you leave yourself open to a libel claim. Some have been doing that.

[mesquida] 02/2/2017 14:10

I take it that you are an employee of Havelock then, savvy ? But how can they be so sure that you are who they think you are ?

[truthful tommy2] 02/2/2017 13:32

The last time I looked we had free speech and could read what we wanted in this country. Oh forgot its Havelock were discussing. Must have touched a nerve.

[savvysurveyor] 02/2/2017 12:28

This may be my last post as we have been told not to post anything on these sites and to ignore them.

[gleach23] 25/1/2017 20:50

just another average day's trading at HVE today then ;p

[reallyrich] 25/1/2017 17:12

Yes, correct EGM.

Not obsessed at all. I have followed this share for a couple of years and at one point had about .5% of the shares. I sold out about 9 months ago at break even and like others very disappointed in how things have gone.

I hope it turns the corner and everyone does well.

GLA

[jbarker5555] 25/1/2017 16:56

I thought it was an EGM, not an AGM?

[reallyrich] 25/1/2017 16:48

Actually did anyone go the AGM today and ask any questions?

[reallyrich] 25/1/2017 16:42

Hmm since our last tussle in September the share price is still stuck at about the same point so its doing well.

And why last year in the trading update they stated the debt and this year they did not?

I will leave you and never to continue your bromance.

I really wish we could meet and I will explain things to you about companies like this one. But if I am proved wrong when the figures come out I will be the first to hold my hands up

[mikepompeyfan] 25/1/2017 16:32

How many times have we seen know all people on here comparing year end debt to interim debt ?

[neverforget] 25/1/2017 16:27

reallyrich you are really a thick plank

The order book is down on this time last year. 21m against 23m also they have debt now as against cash.
they didn't have cash at the same point last year bell end. the had net debt 3.1v3.6 at the half way point
christ if you are going to swear at someone then get your friggin facts right. we don't know if they are in debt or have cash at the end of this year coz we aint seen the numbers so you are guessing.
FFS bellend

[reallyrich] 25/1/2017 16:00

Don't be such a baby Mike.

If you care to re read my post it said at the same stage last year about debt and orders


you total tool!!

The business continues to focus on careful management of its working capital and the Board is pleased to report that, as at 31 December 2015, the Group was debt free with net cash of GBP1.0m comprising cash of GBP1.9m and finance leases of GBP0.9m. This compares favourably with the GBP0.2m net cash at 31 December 2014.
The Board expects to announce the Company's Preliminary Results for the financial year ended 31 December 2015 on Thursday 14 April 2016.
David Ritchie, Chief Executive, said: "We are beginning to see the benefits of the measures taken in late 2015 and, although trading continues to be challenging, particularly in the retail sector, we are encouraged to enter 2016 with an order book of GBP23m

[mikepompeyfan] 25/1/2017 15:39

Net debt at last interims £3.6m v £3.1m at the interim stage previous year.

Get your facts right.

"Net debt at the end of June 2016 of £3.6m was slightly higher than that recorded in June 2015 (£3.1m). The increase reflects the investment made in restructuring the business in Q4 2015 and the ongoing investment in our ERP project. The half yearly increase in Group net debt to £3.6m (December 2015: Nil) also reflects the seasonality of the business, as revenue is typically summer / second half loaded, and this pattern is consistent with previous years".

[reallyrich] 25/1/2017 12:15

The order book is down on this time last year. 21m against 23m also they have debt now as against cash.

All means nothing until the figures are released in April but lower orders is not good

[goodoldays] 25/1/2017 12:15

You forget that with the existing under performing management, that: 21m current order book needs to be delivered and managed effectively to make a profit. I know of numerous small turnover companies in the same market sector 1 - 10 million t/o that make significant profit, unlike Havelock.

[goodoldays] 25/1/2017 11:56

I really hope that Ian Godden can make the necessary changes before it is to late. But let's remember all the hype when AB became a major shareholder and board member, what has he achieved ???? Incompetent people in senior positions, a much reduced customer base, no focused sales activity, etc. Etc. I won't be getting my hopes up based current information.

[colin12345678] 25/1/2017 11:48

zooropa
Posts: 2,346
Observation
Opinion: Strong Buy
Price: 9.625
View Thread (4)ThoughtsToday 11:30I live in Kirkcaldy where HVE are based and went for interview there with the recruitment consultant for position of Process Engineering Manager. That was just before Xmas 2016. In the end they were looking for someone with lots of machine shop experience so none of the candidates that were put forward were suitable. So I never got to meet with any of the HVE team. I did get to see the range of products they were making for various clients (higher end and beautifully made) and from the information I pieced together at interview (new premises in location where rates will be low are modern and state of the art, lots of nice cars in the car park, buzz about place and staff looked happy, comment that company expected to be profitable in 2017, recent "right sizing" of staff, new chairman who intends to buy £300k worth of shares from his own pension fund) it convinced me to buy £25k worth. I later reduced that to £10k in order to get into KOD (good move)). I don't think this will turn into a 50 bagger but could easily 5-10 bag from here. Hope this info is useful to y'all.

[gleach23] 25/1/2017 11:41

nice reaction to the update and pleasing to see a reiteration of the positive news hinted at in last Sept's interims...might get some momentum here now back up to 20p with any luck

[neverforget] 25/1/2017 11:34

also remember that the "new" chairman who is investing his own money has actually been in the business for over 6 months helping to guide this team. you think he would have been thereand invested that much money if he wasn't confident?

[clocktower] 25/1/2017 11:15

Order book looking very positive as is the statement. A recovery on it`s way it seems.