||EPS - Basic
||Market Cap (m)
Real-Time news about Hexagon Human (London Stock Exchange): 0 recent articles
|glasshalfull: Merely updating the thread.............reckon these will be a v good buy at some point in the cycle (if not now) and may well have achieved a share price low given decent interims (at a first glance).
Adj EPS 11.92p for 6mths ended Sep '08
Current Trading and Outlook
Performance across the Group since the end of the period has been in line with management expectations; however, the continued economic uncertainty makes accurate trading predictions conditions very difficult for the coming months. Whilst continuing to focus on delivering growth in NFI and EBITA, the Group as indicated in this report, has taken a conscious decision to focus on margin improvement whilst limiting the hiring of new consultants.
This decision will protect our average production levels - probably the best in class - as well as to limit increases in fixed costs and protect our high NFI to EBITA conversion and consequently our strong cash flows.
The Board is confident of delivering a strong full year performance and points to the following key characteristics of the Group...."
Share price up 4% initially.....66p mid (63 vs 69).
Hexagon Human Capital - SPECULATIVE BUY
Acquisitive executive search counter Hexagon has pleased followers with an upbeat pre-close trading update, nudging its share price higher.
Steered by co-founder and chief executive Jonathan Wright, the recent AIM entrant expects results for the year to March to come in slightly ahead of market expectations following a trading flourish in the final quarter of its financial year.
Analysts were looking for a rise in pre-tax profits from £3.7m to £4m from improved sales of £14.3m (£12.7m), with the numbers prepared on a pro-forma basis, assuming ownership of all group businesses for the entire year. Hexagon was apparently successful in hiring more experienced fee earning consultants towards the end of the year and continues to scout for further acquisitions.
Founded by Wright, previously managing director of Alexander Mann Group (AMG) which flourished during his tenure, and Dr Swee Lip Quek, the group's stated mission is to buy and build businesses within the interim management and 'human capital services' sectors. Four acquisitions have been completed over the past two years (and Hexagon has a 70% stake in a joint venture), with the most recent deal being BIE in December, an acquisition turning Hexagon into the number one provider of senior level interim executives in the UK. This part of the recruitment sector, insists Wright, offers 'significant' revenue visibility, high margins and is growing 'substantially' faster than the permanent recruitment sector.
Hexagon floated on AIM in February, having raised £10m of new money from institutions at 165p. Its still early days, but given Wright's track record, supposed bumper demand for the shares pre-float and the group's diverse portfolio of profitable companies providing a degree of insulation against cyclicality, this looks a story worth following. Watch out for the figures, which should be issued in early June.
Market cap: £31.98m
Share price: 176p|
|tole: Snippet from the Independant - citing their market report
April 5 2007
"Brewin Dolphin inititated coverage of Hexagon Human Capital, the executive search group that listed at 165p in February. Having risen to 190.5p on the first day of dealings, the shares have fallen back on steady selling pressure. Brewin points out the stock trades at an undeserved discount to its peer group and set a target of 200p"
Looks more like it suffered a bout of profit taking after its initial surge - now looks more likely that they have been cleared this should move back towards a more decent rating.
Also noted this extract covered elsewhere -
"Brewin Dolphin started coverage of Hexagon Human Capital, an executive recruitment specialist, with an "add" recommendation. It noted that shares were on around 12 times earnings, compared with immediate peers such as Hatpin, Hydrogen and Empresaria which were at between 11 and 15 times. "Given the strong current trading and above sector average growth prospects, margins and visibility we believe that Hexagon should trade at least at the midpoint of its nearest peer group range," Brewin said. It set a 200p share-price target, compared with a 176p closing price yesterday."|
Hexagon Human share price data is direct from the London Stock Exchange