Share Name Share Symbol Market Type Share ISIN Share Description
Siteserv LSE:SSV London Ordinary Share IE00B1FWGK93 ORD EUR0.0016
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.875p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 149.3 0.1 0.2 16.1 3.57

Siteserv Share Discussion Threads

Showing 26 to 47 of 50 messages
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Hey folks, Now completed the valuation stage of The Great Irish Share Valuation Project. Just posted Part X, and also a Q1 performance Review post (which includes some new Siteserv comments): Cheers, Wexboy
Hi folks, 3.92 cts per share! A v unexpected windfall for SSV shareholders, but not so good for the Irish taxpayer... Cheers, Wexboy
Anyone in? LOL!
Looks like the banks are about to take control
I doubt the market missed the €145m in debt!
I don't think the Market has missed the news, i think the spread is putting new investors off, i am watching this one closely.
Market seems to have missed the contract newes?
More detail on the banking facilities. Banking Facilities RNS Number : 3583F Siteserv PLC 12 January 2010 Siteserv plc Banking Facilities In the interim results announcement dated 17 December 2009 Siteserv stated that its banking facilities were renewed out to April 2015 and that these new facilities contain updated covenants and a revised capital repayment schedule which reflect current trading conditions and which afford greater flexibility than was previously the case. Siteserv announces that the scheduled capital repayments to April 2015 are as follows: +--------------------------+-----------------------+ | Financial Year Ended 30 | Scheduled Capital | | April | Repayment EUR'm | +--------------------------+-----------------------+ | 2010 | 2.1 | +--------------------------+-----------------------+ | 2011 | - | +--------------------------+-----------------------+ | 2012 | 1.25 | +--------------------------+-----------------------+ | 2013 | 4.3 | +--------------------------+-----------------------+ | 2014 | 8.5 | +--------------------------+-----------------------+ | 2015 | 11.3 | +--------------------------+-----------------------+ | For reference contact: | +--------------------------------------------------+ | | +--------------------------------------------------+ | Brian Harvey, Chief Executive + 353 1 6011550 | +--------------------------------------------------+ | Niall Devereux, Group Finance Director + 353 1 | | 6011550 | +--------------------------------------------------+ | | +--------------------------------------------------+ | Des Carville / JJ Cahill: Davy Corporate Finance | | + 353 1 679 6363 | +--------------------------+-----------------------+ This information is provided by RNS The company news service from the London Stock Exchange END ISEBBMATMBIBBRM
Profits slump by 66pc in H1 at Siteserv
21:22 You should steer clear of SiteServ
Stand by for the new rights issue stampede
hermana, they do seem to mess about with this share price abit even though theres no buying or selling. Sounds as though its going to be a posh christmas do, are you going -:)
Not one share bought or sold on either the irish market or aim today, so can anyone tell me why the share price has risen 26%.
And things still getworse here.
with the sectors they are in so open to todays problems I think this could well go. They took a lot of anglo irish! debt for their big english acquisition.
hybrasil The main market for moving the share price has been the irish market and with the share price there at around 12/12.5p i think the share price may have further to fall.
Well Bill what do you think now?
Down again on the Irish market. Bid-Offer now 16p-17.5p. We have to see the differance between the two markets narrowed, don,t we?. Why it has stayed so resillient on our market I,ll never know, there is never any volume to speak of. IMHO
Bid -offer 16p-20p on the Irish market. Either we have a good way to fall or its time to buy in the Irish market. My own guess is we will fall, lets wait and see. IMHO
Just incase anybody missed the results (advfn have not put them up ). Not a bad set of results I think, but forward looking bit not to good. RNS Number : 0498Z Siteserv PLC 15 July 2008 Siteserv plc Preliminary Results Announcement Year Ended 30 April 2008 Siteserv plc, the infrastructure & utilities support services group, announces its Preliminary Results for the year end 30 April 2008. Financial Highlights 30 April 2008 Group Revenue (2007 EUR44.9m) EUR133.8 m EBITDA (2007 EUR8.1m) EUR22.7 m Group Operating Profit (2007 EUR7.4 m) EUR18.7 m Profit before Financing Costs (2007 EUR7.4 m) EUR18.9 m Adjusted fully diluted EPS* (2007 5.5 cent) 10.1 cent Cash flow from Operating Activities (2007 EUR7.2m) EUR22.0 m Group Net Debt EUR153.6 m *Excludes amortisation of intangible assets and notional interest on deferred consideration Operational Highlights * Establishment of three new divisions, Infrastructure & utilities, UK and Access. * Successfully completed key EPS enhancing acquisitions in the infrastructure, utilities and multi discipline sectors in Ireland and UK. * Market entry into United Kingdom. * Acquired UK based Deborah Services Holdings Limited ("Deborah Services") in February 2008 for total consideration of up to Stg£48.2m including Stg£5m performance based earn out on achieving agreed targets over three years. * Further expansion into the Infrastructure & Utilities Market in Ireland. * Acquired Sierra Communications Limited ("Sierra Communications") in October 2007 for total consideration of up to EUR52m including EUR6m performance based earn out payable over three years. * Acquired Roankabin Holdings Limited ("Roankabin") in November 2007 for total consideration of up to EUR8.2m including performance based earn out of EUR2m payable over three years. * Acquisitions financed through Siteserv's own resources together with debt provided by Anglo Irish Bank Corporation plc. * Successful integration of companies within Access division. * Colm Nolan appointed as Chief Financial Officer December 2007 * The group now employs 2,200 people throughout Ireland and the UK. Commenting on performance for the year under review, Siteserv Chief Executive Officer, Brian Harvey said: "I am pleased to report on another year of strong performance for Siteserv plc, which has also been a year of transformation and diversification for the group. Revenue has grown from EUR44.9m in 2007 to EUR133.8m in 2008. EBITDA has increased to EUR22.7 m (2007 EUR8.1m) and operating profit has increased to EUR18.7m (2007 EUR7.4m). Acquisitions completed during the year have enabled us to broaden our infrastructure and utilities support service offering in both Ireland and the UK which positions us well to deliver near and long term growth in these markets. Group pro forma turnover is circa EUR260m per annum." For reference contact: Brian Harvey, Chief Executive Officer + 353 1 6241554 Colm Nolan, Chief Financial Officer + 353 1 6241554 Orla Benson/Myra McAuliffe, Drury Communications + 353 1 260 5000 Des Carville, Davy Corporate Finance, +353 1 679 6363 Overview Siteserv is a leading infrastructure and utilities support services group operating from 53 strategic locations in the United Kingdom and Ireland. The group provides 3 core services: * Infrastructure & Utilities support services; * Industrial & Multidiscipline support services; * Access equipment hire & sales. Sectors supported by the group include: Petrochemical, power generation, nuclear power, schools, hospitals, pharmaceuticals, utilities, civil engineering, special events, agriculture, motorway construction, satellite installation, building and construction. Transformation through diversification 2008 was a transformational year for the group. Our diversification into new market sectors in both Ireland and the United Kingdom has broadened our support service offering into the power networks, utilities, local authority, satellite installation, schools and hospitals sectors. 2008 also marked Siteserv's expansion overseas into the UK market providing industrial and multi discipline services into the nuclear power, petro chemical and pharmaceutical sectors. Integration The integration of our business is ongoing and management has been structured on a divisional basis reflecting the service offerings and geographic make up of the group. Our integration plan is on track and acquisitions to date have been integrated successfully. We will continue to focus on the integration of Sierra Communications, Roankabin and Deborah Services in the 2009 financial year. Acquisitions Siteserv acquired 3 strategic businesses in 2007/2008 to strengthen its offering in the infrastructure & utilities support sectors in Ireland and the UK. * Sierra Communications, a market leader in three key sectors: * Cable and Utilities - key supplier to UPC and Sky in Dublin, Cork and other key regions; * Civil Engineering - largest supplier of services to Dublin local authorities; * Power Networks - long term relationship/key supplier to ESB; * Long term relationships in place with all key customers. * Sierra grew its business strongly during 2007/2008. * Roankabin, a leading provider of modular buildings, offering full end to end service from design to construction. Roankabin is a key provider for education and health programmes: * One of a number of preferred suppliers to Government Project "Design and Build of Modular Schools in Rapidly Developing Areas 2008 - 2010". * Proven track record in the Health sector where Roankabin offers a unique partnership with hospital fit out specialists. * The leading supplier of modular buildings to many other sectors of Irish industry. * Deborah Services, * A leading provider of Multi Discipline Access services to the power generation, nuclear and petro-chemical industries. * Extensive contract scaffolding service. * One of the UK's largest providers in the hire and sale of non-mechanical plant and access equipment. * Multi discipline contracts are typically for maintenance access together with a mix of services such as asbestos removal, insulation and protective coating. * Contracts normally run for 3 to 5 years. * The multi discipline sector is estimated to be worth stg£700 million per annum. Deborah Services has aggressively grown its market share over recent years, with potential for further expansion. The combined turnover of these businesses is greater than EUR170m per annum and their acquisition exposes Siteserv to growing markets in Ireland and the UK. Divisional Update Infrastructure and Utilities Siteserv's Infrastructure and Utilities Division is now positioned as the premier supplier of rapid build schools, modular hospital accommodation, motorway fencing installation and maintenance activity, power network upgrades, and Dublin local authority maintenance activities. These niche services provide robust revenue streams with good near term visibility. The division includes the results of Holgate Fencing for the year ended 30 April 2008 and the results of Sierra Communications and Roankabin from their respective dates of acquisition, 16 October 2007 and 26 November 2007. Revenue for the division for the year ended 30 April 2008 was EUR56.5m. United Kingdom In February 2008 Siteserv expanded into the United Kingdom successfully completing the acquisition of Deborah Services. This acquisition immediately provided Siteserv with scale in the UK market, a 32 location depot network. It has also provided the group access to key competences in the Multi Discipline Access services sector. In addition Deborah Services offers an extensive contract scaffolding service together with being one of the UK's largest providers in the hire and sale of non mechanical plant and access equipment. The UK is being managed as a separate division. Revenue for the division from the date of acquisition was EUR36.3m. Access Equipment Hire and Sales The Access division (12% of pro-forma group revenue) includes Donohue Scaffolding, Easy Access and Rent-a-Fence. Revenue for the division was EUR40.9 million. Easy Access and Rent-a-Fence performed in line with expectations. Revenue for Donohue Scaffolding, which is reliant on residential construction in Ireland, fell significantly compared to the prior year. The group's brands continue to lead their individual market segments. 2007/8 represented a year of integration within our Access Division in Ireland. The integration of the Irish Depot Network has improved the co-operation within companies and enhanced our service offering to our customer base nationwide. Strategy Siteserv's strategy is to continue to grow our support services offering in the market place in 2008/2009. Our strength is in the brands that we operate, the people that manage the businesses and the market leading positions that we have acquired. Our management across the group is robust and we are committed to identifying acquisitions that deliver new services to new market sectors in Ireland and the UK. We will continue to maintain our leading brands in the market and continue to identify revenue streams that are contractual in nature and visible to our shareholders. We will continue to identify and operate in market sectors that are insulated from macro economic factors. Outlook 2007/8 was a year that has redefined our business. Through our diversification into new market sectors in Ireland and new support service offerings and newly acquired geographic depot structure in the UK, Siteserv is strongly positioned to secure future revenue from regulatory and non discretionary spend. In addition, Siteserv's Multi discipline services in the UK are well placed to benefit from the planned expansion of the UK power generation sector. Our core service offerings are well positioned to deliver near and long term growth in Ireland and the United Kingdom. The Preliminary Results Announcement is available on the company website, Disclaimer This announcement contains certain pro forma financial information which is designed to illustrate the effect of acquisitions made during the financial year ended 30 April 2008 as if those acquisitions had taken place on 1May 2007 and were therefore included in the profit and loss account for the full year. The pro forma financial information has been prepared for illustrative purposes only and, because of its nature, addresses a hypothetical situation and therefore, does not represent and actual financial position. The pro forma financial information is unaudited. Consolidated Income Statement for the year ended 30 April 2008 30 April 2008 30 April 2007 EUR'000 EUR'000 Revenue 133,758 44,911 Operating profit 18,661 7,372 Finance Costs (6,409) (2,070) Profit before taxation 12,252 5,302 Taxation (1,986) (776) Profit after taxation and attributable 10,266 4,526 to equity shareholders Earnings Per Ordinary Share Basic earnings per ordinary share 9.5 c 5.3 c Fully diluted earnings per ordinary 9.4 c 5.2 c share Adjusted earnings per ordinary share Adjusted earnings per ordinary share 10.2 c 5.6 c Adjusted fully diluted earnings per 10.1 c 5.5 c ordinary share Consolidated Balance Sheet as at 30 April 2008 30 April 2008 30 April 2007 EUR'000 EUR'000 Fixed Assets Fixed Assets 48,125 2,718 Financial asset investments 34 - Intangible Assets 145,640 53,629 Total Fixed Assets 193,799 56,347 Current Assets Cash & cash equivalents 4,058 - Trade & other receivables 48,187 20,865 Inventories 24,284 16,274 Current tax assets - 84 Derivatives and other financial - 536 instruments 76,529 37,759 Current Liabilities Trade and other payables 46,838 13,982 Current tax liabilities 1,267 - Interest bearing loans and borrowings 11,794 15,672 Deferred consideration 10,415 3,000 Derivatives and other financial - 557 instruments 70,314 33,211 Net Current Assets / (Liabilities) 6,215 4,548 Non Current Liabilities Interest bearing loans and borrowings 145,879 28,484 Deferred consideration 10,657 9,099 Total non-current liabilities 156,536 37,583 Net Assets 43,478 23,312 Financed By:- Equity Share Capital 193 161 Share Premium account 27,860 18,242 Share based payment reserve 410 160 Retained Earnings 15,015 4,749 Shareholder Equity 43,478 23,312 Consolidated Cash Flow Statement for the year 30 April 2008 Year Ended Year Ended 30 April 2008 30 April 2007 EUR'000 EUR'000 Cash flows from operating activities Profit before tax 12,252 5,302 Depreciation 3,483 546 Amortisation of share based payments and 516 160 intangible assets Interest received (39) (19) Interest expenses 5,935 1,825 Discount on deferred consideration 514 264 Profit on disposal (89) - Operating cashflow before movement in 22,572 8,078 working capital Movement in inventories 1,745 (2,069) Movement in receivables 2,961 1,031 Movement in payables (5,328) 198 Cash generated from operations 21,950 7,238 Income taxes paid (2,023) (1,692) Net cash from operating activities 19,927 5,546 Financing costs Interest received 39 19 Interest paid (5,912) (1,755) (5,873) (1,736) Investing activities Capital expenditure (4,031) (185) Acquisitions of subsidiaries (112,367) (54,880) (116,398) (55,065) Financing activities Issue of shares - 9,005 Vendor loans 1,911 - Net Finance lease payments (2) (1,303) Net bank loan advances 107,493 43,469 Deferred consideration paid (3,000) - Net cash from / (used in) financing 106,402 51,171 activities Net increase / (decrease) in cash and cash 4,058 (84) equivalents Cash and cash equivalents at beginning of - 84 period Cash and cash equivalents at end of period 4,058 - Segmental Analysis for the year ended 30 April 2008 Revenue Operating Profit 30 April 2008 30 April 2007 30 April 2008 30 April 2007 EUR'000 EUR'000 EUR'000 EUR'000 Access 40,926 40,160 7,338 7,719 Infrastructure 56,542 4,751 9,508 429 UK 36,290 - 3,871 - HO - - (2,056) (776) Total 133,758 44,911 18,661 7,372 Finance Costs (6,409) (2,070) Profit before taxation 12,252 5,302 Taxation (1,986) (776) Profit after taxation 10,266 4,526 EPS Calculation For the year ended 30 April 2008 30 April 2008 30 April 2007 EUR'000 EUR'000 Earnings Profit after tax 10,266 4,526 Discount on deferred consideration 514 264 Amortisation of Intangibles 266 - Adjusted profit after taxation 11,046 4,790 attributable to ordinary shareholders Number of Shares Weighted average number of ordinary 107,854,000 85,436,000 shares in issue during the year Dilutive effect of outstanding 1,701,000 1,558,000 share options Diluted weighted average number of 109,555,000 86,994,000 ordinary shares Earnings per ordinary share Earnings per ordinary share 9.5 cent 5.3 cent Fully diluted earnings per ordinary 9.4 cent 5.2 cent share Adjusted earnings per ordinary share Adjusted earnings per ordinary 10.2 cent 5.6 cent share Adjusted fully diluted earnings per 10.1 cent 5.5 cent ordinary share This information is provided by RNS The company news service from the London Stock Exchange END ISEUSRWRWVRBAAR
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