Hasgrove Share Discussion Threads

[battlebus] 30/9/2010 08:27

An excellent set of figures diku and a progressive dividend policy with debt falling and talk of aquisitions. Not put of by equity issue if it adds value.

[spooky] 30/9/2010 08:04

I think they are going to need to raise some money from somewhere unless they restructure their earn out payments due this year.I doubt they would be able to use debt so i am expecting an equity issue which leaves a cloud over buying the shares,particularly in view of the lack of liquidity.

[diku] 30/9/2010 07:58

Surely a very good set of figures!..any views?..

[diku] 29/9/2010 12:07

Results out here tomorrow...

[battlebus] 30/7/2010 15:18

Pretty good trading update. They still see growth.

[battlebus] 06/5/2010 18:05

Now we know. hope he can be replaced with someone of his calibre. The shares should recover quickly so a good time to add.

[markie7] 05/5/2010 14:24

whats going on here?

[battlebus] 05/5/2010 10:07

More leaks than BP what has happened!

[battlebus] 30/4/2010 22:39

Save your money MAX heres a copy- They are certainly correct this is a buy!
just look at the nav alone!



Hasgrove on the up
Created:27 April 2010Written by:Nigel Bolitho
Marketing service group Hasgrove has reorganised its business into two divisions: Digital and Communications (DAS) Services and Public Affairs and Strategic Communications (PAS). It's a sensible move although even after allowing for such buzz phrases as 'pipeline evolution' it's clear that the force is with DAS and its various internet and e-commerce services.
Last year smaller PAS clients were cutting back on retainers which when combined with higher office costs and a higher wage bill in Belgium led to a 77 per cent fall in operating profits to £0.4m on flat revenue of £13.2m. As a result DAS's share of group operating profits jumped from 63 to 80 per cent and it's likely to continue to dominate.

The latest results include a £1m exceptional charge including £500,000 related to redundancies (saving an estimated £1m a year) and £350,000 for an office move. For a company which expanded through acquisitions before harsh trading set in, the key end-of-year balance sheet figure (at least in its case) is trade receivables of £8.6m. They are down from £11.5m a year earlier but still include earn-outs of £3.7m of which £2.7m could be payable in cash over the next four years.

Broker KBC Peel Hunt expects adjusted pre-tax profits to advance to £4m this year (2009: £2.68m/9p).



HASGROVE (HGV)

ORD PRICE: 63.5p MARKET VALUE: £15.1m
TOUCH: 60-67p 12-MONTH HIGH: 92.5p LOW: 42p
DIVIDEND YIELD: 0.8% PE RATIO: 13
NET ASSET VALUE: 115p* NET DEBT: 24%



Year to 31 Dec Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2006 5.0 0.71 - -
2007 21.7 2.40 8.7 0.5
2008 36.5 4.20 15.5 0.5
2009 32.4 1.47 5.0 0.5
% change -11 -65 -68 -
Ex-div: 23 Jun

Payment:21 Jul

Aim: Media *Including intangibles of £33.9m, or 142p a share



Guide to the terms used in IC results tables.

More analysis of company results


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IC View
BuyThe shares trade on a hefty discount to net asset value and on a modest 7 times last year's adjusted EPS which makes them a lowly-rated recovery buy.

Last IC view: Good value, 81.5p, 30 September 2009.


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[maxbubble] 30/4/2010 08:58

No Battle sorry - will get a free read in WH Smith later..lol

[battlebus] 30/4/2010 07:36

Any idea what they said Max?

[maxbubble] 30/4/2010 07:14

I think these have been tipped in Investors Chronicle today- just watching from the distance as I own a few CSC shares.

[battlebus] 21/4/2010 17:16

Still headroom here and a nice trade today has raised the shares.

[battlebus] 15/4/2010 07:53

Results as expected with the dividend held. Looks to me that these are already in recovery with the outlook statement pretty bullish. Will add more.

[battlebus] 07/4/2010 21:01

Results on the 15th so next Thursday should let a little light in. Can only see trading getting better but then i've been wrong before. This seems to be very thinly traded so now's the time to buy.

[battlebus] 16/3/2010 19:49

Think the header explains most of it but don't expect these results to be great it's the new contracts and forward look that will follow in the next interims that will raise the shares.

[nissi_beach] 16/3/2010 10:08

Attracted here by prospective PE.

Started some research but if anyone wants to fill in some details feel free

[battlebus] 01/3/2010 21:35

On a pe of under 4 and trading improving with some significant new deals the share shouldn't sit at these levels too long.

[battlebus] 19/2/2010 21:02

Couple of large delayed trades today must have been buys as the shares are holding onto the recent rise.

[battlebus] 18/2/2010 17:26

Hope so just shows how undervalued these are as every trade pushes us up. Should hit 80p easily when the next news hit the market. I believe trading is back on track and so do the directors.

[balcony] 18/2/2010 11:11

Battlebus-Perfect timing.

[battlebus] 17/2/2010 22:20

Bought some of these after watching for months. The progress they talked about in the last statement will soon bear fruit. Hoping for 80p fairly quickly.

[investinggarden] 04/8/2009 12:58

Hold recommendation from Growth Company Investor

[battlebus] 21/4/2009 23:17

been watching to but didnt buy when the shares pulled back a bit today.

[dazzaa] 21/4/2009 22:13

Just found this stock can anyone tell me more without ramping