Hasgrove Share Discussion Threads

[diku] 23/4/2012 16:36

This could be good takeover by a larger media company interested in gaining clients....

[battlebus2] 23/4/2012 16:18

Yes for my sins hoping the damage is all priced in and we can move steadily ahead with what i hope is progress in the outlook along with the results.

[diku] 23/4/2012 16:16

battlebus2....you still holding here?...results out this week...

[battlebus2] 31/1/2012 07:30

Happy with that update .

[battlebus2] 23/1/2012 08:58

Director buying has lifted these slightly again today.

[diku] 18/11/2011 12:25

That Board change RNS 2 days before the results was the tell tale signs of what was to come....

[battlebus2] 18/11/2011 07:50

Profits warning explains a lot!

[25wbh] 09/10/2011 13:47

Conflict of interest at "Board Level" i would think

[diku] 09/10/2011 13:34

I am still puzzled as to why HGV put out an RNS statement on board changes just 2 days ahead of results....Surely Rod Hyde (Ex CEO) could have hanged in there for just 2 more days and made his retirement announcement on results day....is it a case of him being away from office a lot earlier due to health reasons/etc, etc or there was a conflict of interest at board level?...something a miss here!!...


Hasgrove plc (AIM: HGV, 'Hasgrove' or 'the Group'), the digital and communications services group, has appointed Paul Sanders as Group Chief Executive with immediate effect. Previously Group Finance Director, he succeeds Rod Hyde, who has decided to retire from the Group, following the sale of Interel in July and the largely completed restructuring of the UK-based businesses.

[battlebus2] 08/10/2011 17:43

Mentioned in investors chronicle this week as a buy. A much leaner fitter company with a very low p/e.

[25wbh] 30/9/2011 07:50

They are BB, and nice and early in the day, Hope u get some decent press.
Im in a share called cScape,(csc.l) they never seem to make a profit and the chairman trots out all the excuses under the sun. Have a good day

[battlebus2] 30/9/2011 07:38

Rather good results imv

[25wbh] 28/9/2011 09:19

Never like results posted on Fridays, especially after hours ,lol

[diku] 28/9/2011 08:56

Board reshuffle just 2 days ahead of results....what is going on?...

[battlebus2] 29/7/2011 19:01

Look at the future Markie7 these will trade at £1 in a couple of years imv.

[markie7] 29/7/2011 13:27

cant believe they did a profit warning 2 weeks after announcing the disposal. hadn't they guessed how it was going?

[battlebus2] 29/7/2011 07:52

Future looks bright after the update this morning even after the disposal.

[cb7] 21/7/2011 16:55

the other thing of note (and importance), is that the market reacted favourably to the disposal.

[jeff h] 21/7/2011 12:50

CB7 - yes there are positives to the disposal and the reduction in debt means that it's a safer company to invest in but now profits are forecast to fall until at least 2013 which is a long way away...hence my disappointment.

The Trading Update should be interesting...see how well the remaining businesses are doing.

[cb7] 21/7/2011 11:00

Jeff...yes, my initial reaction was negative, but now I'm more "on the fence".
The part sold makes about 40%/5eps pa, so we're half way thru the year, so this years reduction to 9.6 is inline with my estimates. However, the next full year should fall to around 7 (12-5), but its 8.5, which means the remaining business with less debt will grow approx 20%. Clearly they've decided that any capital invested should be employed in the division with best prospects. Also, although eps may fall for awhile, that is only one measure. The overall value may have improved...with less debt and the remaining part growing quicker...which may lead to a better stock market valuation.

[markie7] 18/7/2011 23:37

its a confusing RNS. Point 7 talks about stock "acquired" being 269k. The amount "sold" is zero.

makes sense he sold, to be fair, as he is a departing director of interel

[jeff h] 18/7/2011 21:20

No Markie he sold:-

6. Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary

...............Sale................................................

[markie7] 18/7/2011 21:01

sorry, he bought, not sold.

I agree with the rest of your post though.

[jeff h] 18/7/2011 18:05

I found the disposal disappointing, it's had a large negative effect on the forecast.

Y/E 31/12/11 Pre tax Profit was £4.04m now £3.26m EPS from 11.9p to 9.6p

Y/E 31/12/12 Pre Tax Profit was £4.61m now £2.89m EPS from 13.6p to 8.5p

...so profits forecast to fall for the foreseeable future.

Maybe no surprise then that one of the Directors sold 269k on Friday.

[battlebus2] 29/6/2011 18:08

Best of luck as i always say a profit is a profit.