Helesi Share Discussion Threads

[solardave] 22/12/2010 09:51

Am buying at 9p. This is hellishly cheap.

Dave

[empirestate] 08/11/2010 00:56

blimey, next stats are not until april next year so probably best not to tie cash up here for that long

[empirestate] 08/11/2010 00:54

have stayed out so far, but now have this back on the radar. interesting to see the director purchases in size and it is a surprise not to have seen the share price go lower since then as most directors are usually useless with their timing.

[delladella] 03/9/2010 22:29

Some buying today I see.

[edmundshaw] 15/8/2010 09:50

Have a look at the last statement. I forget the details, but quite a few million I think.

[delladella] 14/8/2010 19:36

Edmundshaw

Thats very useful input; how much do the government owe the company in grant money?

[edmundshaw] 14/8/2010 10:28

Despite strenuous efforts of the company to reduce debt, it is up:

"For the 6 months to June 2010, the Company expects to report revenue of approximately EUR25 million (2009: EUR39.2 million). The Company continues to be managed tightly in the current environment, with an ongoing focus on cost
reduction including the elimination of some personnel costs."

"The strenuous efforts of the Company to reduce net debt have been hampered by
the weak financial position of the principal countries in which Helesi operates. As a result, net debt stood at approximately EUR73 million as at 30 June 2010 (2009: EUR70.7 million). Helesi continues to work closely and cooperatively with its banks to extend the maturity of its debts The Board remains confident that the level of indebtedness will start to fall in the second half"

I am therefore inclined to wait to see how the second half pans out, and news on the extension to debt maturities.

Of course, if the government pays the grants it owes them, the debt level will be ameliorated significantly. Personally, I prefer to watch from the sidelines for now.

[empirestate] 24/6/2010 15:58

this is getting even more interesting at this level. will take a position shortly

[empirestate] 25/4/2010 22:29

can anyone confirm the mcap on this one plse as III gives it at GBP7.8M?

[johnsoho] 05/3/2010 19:57

I don't know....10100 shares sold today and the share price drops 4.5%....wonder what would happen if I purchased 110000 shares...would the share price go up 45%!!!!!...perhaps there's a trading tactic in there somewhere :-)

[dasv] 15/12/2009 14:56

yep. they over-expanded with too much capacity using debt. They aren't wholly greek centric but the wider greek economy is not going to do this stock any favours.

[simon gordon] 15/12/2009 14:40

The Greek economy is in the toilet, taxes are going to rocket and spending cuts will be drastic. Not a good place to be, plus they have a big slug of debt.

[johnsoho] 15/12/2009 14:35

Anyone aware of a reason for this share price makdown?.....25% without any news announcements or RNS appears to be taking the proverbial !!!!!

[dasv] 30/9/2009 14:54

I'm disappointed with the results.

It will take years for them to clear their (huge) debts.

They have over-capacity and are relying on EU grants which are late in being returned.

Sold out at a big percentage loss because I believe the money can be put to better use elsewhere.

[dasv] 20/5/2009 09:12

I bought a few more today finally FWIW.

[dasv] 07/5/2009 10:08

here is the RNS on the share placing. It doesn't seem to state the total number of shares in the company post placing:-

Announcement re Placing and Director Participation




Helesi Plc (AIM: HLS), announces that it is proposing to raise additional equity
capital and indications of interest have been received in respect of 6,250,000
ordinary shares of EUR0.10 each ("Ordinary Shares") as fully paid up at a price of
EUR0.64 per Ordinary Share (the "Placing Price") raising EUR4,000,000. The Company
intends to raise a total of up to EUR10,000,000 via a placing of up to 15,625,000
new Ordinary Shares should there be additional demand from other institutional
investors.


The fundraising will occur in two stages; in the first stage the Company expects
to place in the next few days, conditional upon Admission, 3,277,450 Ordinary
Shares at the Placing Price, representing gross proceeds of EUR2,097,568, under
its existing authority to issue shares for cash (the "First Placing"). These
Ordinary Shares will be placed with TECMEC AE (a company controlled by Sakis
Andrianopoulos, the Company's CEO and his wife Christina Thanassoulia, a
director of the Company).


To implement the second stage of the fundraising, the Company will convene an
Extraordinary General Meeting ("EGM") seeking a shareholder resolution to
disapply preemption rights so that it can raise the remaining amount of up to
EUR7,902,432 via a placing for cash (the "Second Placing"). TECMEC AE has also
indicated that it wishes to subscribe for a further 2,972,550 Ordinary Shares,
representing additional gross proceeds of EUR1,902,432 in the Second Placing.


Background


Earlier today Helesi announced its preliminary results for the year ended 31
December 2008. These showed a year of significant progress despite the worsening
economic environment. The net debt of the Helesi Group was higher than
anticipated, which the Company financed using its strong banking relationships
and still ended the year with undrawn facilities of approximately EUR10 million.
Helesi is a cash generative business and, whilst it could sustain the current
level of borrowings pending receipt of government grants which are due to it,
the Board believes that it is prudent to prioritise a reduction in the level of
borrowings.


The proceeds from the Placings will be used to create a more appropriate capital
structure for the Company and provide greater resilience and financial
flexibility in the current environment. The associated reduction in financial
indebtedness will provide additional headroom under the covenant levels in
Helesi's existing debt facilities. Initially the proceeds will be used to reduce
the Company's indebtedness pending receipt of EUR21m of EU grants which are
expected to be paid to Helesi during 2009. Thereafter the additional resources
will assist in financing the increasingly large contract wins which Helesi is
now securing, as well as emerging opportunities in waste management.


EGM


The Second Placing is conditional, inter alia, on shareholder approval and a
circular convening the EGM ("Circular") will be posted to shareholders in due
course. At the EGM, shareholder approval will be sought, inter alia, for the
allotment and issue of securities as part of the Second Placing. The total
number of Placing Shares conditionally taken up under the Second Placing will be
announced prior to the EGM. The Directors of Helesi and their connected parties
reserve the right to participate further in the Second Placing.


Investor participation in the Second Placing


The Second Placing will remain open to enable institutional investors to
participate if they so wish. Helesi has retained Panmure Gordon, its NOMAD and
broker, to assess demand for additional shares, in particular from existing
shareholders of Helesi. Interested investors should therefore contact Ashton
Clanfield at Panmure Gordon on [phone] as soon as possible. The
closing is expected to occur following the posting of the Circular, prior to the
EGM taking place. Details of the EGM will be contained in the Circular which
will be posted to shareholders in due course.


Members of the public are not eligible to take part in the Second Placing, which
is only being directed at (i) in the United Kingdom, "qualified investors" (as
defined in section 86 FSMA) who are persons of a kind described in Articles 19,
43 or 49 of the Order, or (ii) persons who may otherwise lawfully participate.
No other person may participate in the Second Placing or rely on any
communication relating to it.


Placing Price


The Board has resolved that the price of both the First Placing and the Second
Placing will be EUR0.64 per share. In determining the price the Board has taken
into consideration a number of factors including the following points. Helesi
has today announced good results for 2008 and the trading performance in 2009 to
date has been robust. The Company's share price has fallen sharply over the last
12 months on modest trading volumes, in common with many other companies. The
level of gearing has been a concern for some investors; however the directors
remain confident that the indebtedness will reduce significantly during 2009.


Related Party Transaction
Sakis Andrianopoulos, who along with his wife Christina Thanassoulia, control
TECMEC AE, currently own 39.5% of the issued share capital of Helesi and are
both represented on the Board. Their participation in the Placing therefore
constitutes a related party transaction pursuant to the AIM Rules. Following the
First Placing, Sakis Andrianopoulos and Christina Thanassoulia will own 45.0% of
the Company and assuming the Second Placing is fully subscribed, 39.7%. If the
only shares subscribed under the Placings are the 6.250,000 Ordinary Shares for
which Sakis Andrianopoulos and Christina Thanassoulia have indicated they intend
to purchase, then together they will own up to 49.2% of the Company. There are
no implications regarding this increase in shareholding in respect of Cypriot
takeover code provisions. The Directors of Helesi (excluding Sakis
Andrianopoulos and Christina Thanassoulia) consider, having consulted with
Panmure Gordon & Co, Helesi's nominated adviser, that the terms of the
transaction are fair and reasonable insofar as its shareholders are concerned.


Application will be made to the London Stock Exchange for the Admission of the
Placing Shares to trading on AIM. The Placing Shares will rank pari pasu with
the existing issued Ordinary Shares.


Commenting on the Placing, Sakis Andrianopoulos, Chief Executive and Interim
Chairman of Helesi, said:


"Helesi is a strong, cash generative business. The combination of an EUR87 million
investment programme, late receipt of agreed government grants and the effects
on our customers of the recession have together meant that net debt has risen to
higher levels than we planned or is attractive to public markets. This
fundraising will address the issue and leave us with significant headroom."


For further information, please contact:


+----------------------------------------------+---------------------------+
| Helesi PLC | [phone] or |
| | + 30 210 60 48 393-4 |
+----------------------------------------------+---------------------------+
| Sakis Andrianopoulos, CEO | |
+----------------------------------------------+---------------------------+
| Apostolos Binomakis, CFO | [e-mail] |
+----------------------------------------------+---------------------------+
| | |
+----------------------------------------------+---------------------------+
| Panmure Gordon | + 44 (0)20 7459 3600 |
+----------------------------------------------+---------------------------+
| Andrew Godber/Katherine Roe, Corporate | |
| Finance | |
+----------------------------------------------+---------------------------+
| Ashton Clanfield, Corporate Broking | |
+----------------------------------------------+---------------------------+
| | |
+----------------------------------------------+---------------------------+
| Tavistock Communications | + 44 (0)20 7920 3150 |
+----------------------------------------------+---------------------------+
| Simon Hudson | |
+----------------------------------------------+---------------------------+
| Gemma Bradley | |
+----------------------------------------------+---------------------------+

[simon gordon] 06/5/2009 19:22

Dasv,

I've had a root around and there doesn't seem to be any broker notes.

Digital Look:

T/O - 60m
PBT - 4.9M
EPS - 12.8
DPS - 2.4

Gives p/e c.3.5x

Don't know if this includes the share placing.

[dasv] 07/4/2009 17:00

Helesi FY08 net profit after taxes up - Quick Facts
4/7/2009 2:54 AM ET

RELATED NEWS


Helesi Gets Contract To Supply Municipality Of Athens With Waste Management Vehicles And Equipment - Quick Facts


Helesi Sees FY08 Turnover To Be About EUR 67 Mln - Quick Facts
(RTTNews) - Helesi PLC (HLS.L: News ) reported full-year 2008 net profit after taxes of EUR 6.6 million or EUR 0.20 per share, compared to EUR 6.23 million or EUR 0.19 per share last year.

Profit from ordinary activities was EUR 7.28 million, up from EUR 7.01 million in the prior year.

Revenue grew to EUR 66.86 million from EUR 50.69 million a year ago.

Further, in the light of the current economic situation and the temporarily high level of Group borrowing, the Board is not recommending the payment of a dividend in respect of 2008.

[dasv] 09/2/2009 12:13

sp falling on no news?

[johnsoho] 22/10/2008 16:23

It seems amazing that on the back of the sale of 4500 shares the 'market makers' should mark this share down by some 12p on so!!!!! Stupid situation

[dasv] 29/9/2008 14:05

yep - and they haven't been stung on input costs which is great too.

[gac100] 29/9/2008 13:07

Quite happy with the interims:
Revenue 33 million euros versus predicted 29 million euros in the 29 July trading update.
Revenue visibility up to >85% versus 75% at the time of the trading update.
Interest costs of 1.28 million euros covered 4.8 times by EBITDA looks ok if as they say net borrowings of 55 million euros is likely to be the peak of borrowings (seems likely given 20 million euros of already awarded grants to be received over the next 12 months).
... and everything on course and budget.

[dasv] 29/9/2008 10:38

Helesi optimistic for rest of year after H1 pretax rises

LONDON (Thomson Financial) - Helesi Plc. posted a higher first-half profit and said it looks to the remainder of the year 'with optimism and enthusiasm', having already received revenue visibility of over 85 percent of the year's expected total.

For the six months to June 30, 2008, the Greece and U.K.-based waste management company's pretax profit rose to 3.77 million euros from 3.04 million a year earlier, while revenue rose to 33.45 million euros from 22.81 million.
It said first-half margins stayed in line with projections and added that it has 'full support of its banking institutions, which has allowed the company to continue with its expansion plans'. [e-mail] ak/ind/vs

[gac100] 21/9/2008 22:27

Date has now been announced I see: Monday 29 Sep.