Helesi Share Discussion Threads

[haroldthegreat] 24/1/2011 14:18

surely a delayed grant could be cancelled? "the collection of already delayed government grants due. However management cannot predict the full consequences in any significant further deterioration of the Greek economy or further downgrades in the Greek State."
its not as though its a debt for goods purchased that could be enforced.

[dasv] 24/1/2011 14:13

city trader:

I am trying to establish whether there is an investment case in HLS. I bought them in 2007 but bailed when I realised I'd made a mistake.

I'm interested to see buying here as it might be a turn-around story.

However I'm interested in other's views with respect to the company's balance sheet and prospects.

What are you trying to do here? Ramp or share research?

[solardave] 24/1/2011 14:02

Dasv

Exactly, money from the government and grants solves the problem and makes them massively undervalued. 40p is what I have been saying for a while now.

Dave

[citytrader 007] 24/1/2011 13:42

what are you trying to say or do here ?

[dasv] 24/1/2011 13:38

to copy my post of 2nd Jan

also please note this:-

"5. Going concern

As at 30 June 2010 the Group's current liabilities exceed its current assets by €12,830K (31 December 2009: €8,422K) and the Group was in breach of various of its loan covenants. The Group is presently re-negotiating the maturity of its debenture loans and as at the date of this report has already received approval from three banks rescheduling the repayment of approximately €6 million which was due for repayment during 2010 and 2011. Management considers the going concern assumption to be appropriate having regard to its business plan which anticipates an increase in revenues from municipal projects in 2011 and the collection of already delayed government grants due. However management cannot predict the full consequences in any significant further deterioration of the Greek economy or further downgrades in the Greek State."

[citytrader 007] 24/1/2011 13:00

with 158 mill's worth of assets aswell as other cash totals, they've got to sell a hell of a lot off before they can go bust, wouldnt you say ?

[dasv] 24/1/2011 12:54

yeah they are owed money by the greek gov- and I guess if they receive the money they won't go bust which is perhaps what the share price has implied for a while - that the co will go bust.

[induna123] 24/1/2011 12:08

found the right figure.

[citytrader 007] 24/1/2011 12:04

id say your closer to being right than ad.

[induna123] 24/1/2011 12:01

I think it's a grant not a debt.

The Greek govt don't have any money anyway :)

Does anybody know how many shares are in issue? I worked it out from the last RNS that there are 39.81m yet ADVFN shows there are 76.85m.

[citytrader 007] 24/1/2011 11:51

Its about to receive a payback on a massive debt that will at least double share price more toward 40p from here.

[dasv] 24/1/2011 11:48

why are you guys buying - what's changed?

[solardave] 21/1/2011 23:14

Transforma

I was wondering whether anyone would commemt on todays share price movement. I've been buying from 14p with a series of buys around the 9p and finally at 5.5p level.

A news update from the new Board will transform the share price.

Helesi are one of my top five for 2011.

Dave

[transforma] 21/1/2011 22:49

A nice move up from 4.5p to 8.5p, with 470k traded today; but still a long way to go. When the next update is provided regarding the £50m they are owed by the Greek Government this will fly back to 40p.

Still at a market cap of £3.5m, outrageous!

[transforma] 21/1/2011 21:52

Induna, its cheap at 40p; this is outrageously undervalued.

[induna123] 21/1/2011 13:38

mm's picked up a load of cheap stock at 4.5-5p over the last few days.

[transforma] 07/1/2011 21:08

Interesting blip, what happened?

[solardave] 04/1/2011 17:36

Dasv

Its risky but if they pull through its a x10 situation. I am happy with this because I have a balanced portfolio and enjoy the high risk, very high return end of the market.

I'm after a big return here.

Dave

[dasv] 02/1/2011 21:38

also please note this:-

"5. Going concern

As at 30 June 2010 the Group's current liabilities exceed its current assets by €12,830K (31 December 2009: €8,422K) and the Group was in breach of various of its loan covenants. The Group is presently re-negotiating the maturity of its debenture loans and as at the date of this report has already received approval from three banks rescheduling the repayment of approximately €6 million which was due for repayment during 2010 and 2011. Management considers the going concern assumption to be appropriate having regard to its business plan which anticipates an increase in revenues from municipal projects in 2011 and the collection of already delayed government grants due. However management cannot predict the full consequences in any significant further deterioration of the Greek economy or further downgrades in the Greek State."

[transforma] 02/1/2011 20:52

The company is owed £50m and has a cap of £3.6m at 9p; it is profitable and a market leader. I'm a fan, this has been very over sold.

DYOR

Forma

[dasv] 23/12/2010 12:15

empirestate - I agree. I wouldn't buy here either. I sold up ages ago realising I had made a mistake investing in the first place.

[empirestate] 23/12/2010 12:05

dave having looked back over the books, i don't think i will be a buyer here unless they have their banking facilities sorted out and their collection of receivables improves. they have a huge receivables book, the quality of which is in my mind uncertain considering they are not getting paid all that they should do in time, especially as some or most of it is from government related bodies.

[transforma] 23/12/2010 11:57

I agree Dave, have been watching for a while now and think this has bottomed out, a business with great promise hugely undervalued by the market because of the fear of debt. They are owed piles of cash.

Forma