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HVE Havelock Europa

2.30
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Havelock Europa LSE:HVE London Ordinary Share GB0004149356 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.30 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Havelock Europa Share Discussion Threads

Showing 5476 to 5500 of 6625 messages
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DateSubjectAuthorDiscuss
06/11/2016
17:41
One wonders what champion stockpicker Giles Hargreave is thinking. After all, it is now more than two years since his investment group Hargreave Hale bought 2.5 million shares from Andrew Burgess, at an average price of about 20p. Cannot believe that he is happy to sit idly by, letting things slide. Surely he must be thinking that a merger with Styles and Wood is the best way out of this. I know that I am !
mesquida
06/11/2016
15:26
Truthful Tommy, I take it you are an employee, I agree with your sentiments. But until you have a PLC board and senior managers that have a background and credibility in the Interiors market nothing will change.
goodoldays
06/11/2016
13:54
After last years redundancies the project delivery department increased the staffing levels in 2016 even with reduced turn over.
The 25 redundancies will be reportedly coming from the factory. With savings of around 480k - 500k.
But if you removed the departmental directors who have single handedly lost every major client. Re-structured all the departments, as you really don't need so many managers. Departmental director GJ and three others J McC, CC, JV,whose contribution is negligent, incompetent,incapable, a saving of 240k - 250k could be made plus bonus,plus exsp. That's with just one department. You have QS,Estimating,Buying,Design departments all of which have incompetent directors. Figures and continual redundancies lost clients don't lie.

truthful tommy2
05/11/2016
09:00
I agree with the previous post, however, there needs to be a two pronged attack, 1/ deliver current projects to the clients satisfaction. 2/ have an achievable plan to target new business. The current management are incapable of delivering this. Who in the business has the credibility to go to the clients and promise to make the changes nesecary to deliver to their expectations!!!
goodoldays
05/11/2016
07:43
A year on from the last debarcle and its the same old same old. The so called team that is charged with delivery run by the incompitant GJ needs to be changed immeadiately .There are far to many so called departmental directors running the show.
All of whom have been part of the shambles Havelock find themselves todate.
Jobs not making margin, clients unhappy and a demoralized work force.
Last year Richie spoke of change and if change didnt happen then department heads would be held responsible.
Only when competent, experienced top management team is put in place will Havelock move forward.

truthful tommy2
05/11/2016
02:19
Is it not about time that the company stopped focusing on cost cutting and downsizing but focused on business development, maintaining and growing existing customers and finding new ones. But to do that you need a senior team who understand what the clients want !!!! The current team seem not to understand.
goodoldays
04/11/2016
18:49
A Fife-based shopfitting company is to cut more jobs from its workforce in Kirkcaldy, it has emerged.

Interior fittings firm Havelock Europa, which has bases at John Smith Business Park and Michelston Industrial Estate, currently employs 417 people but recently undertook a review of the business led by new chief executive David Ritchie.

The company, which has been struggling with reduced activity in retail, education and financial services, has already cut around 100 jobs in the last year or so as part of a major cost-cutting exercise in a bid to save £3 million on an annualised basis.

The Fife-based firm saw turnover fall from £28.9 million in the first six months of 2015 to £25.4m in the same period this year, although it managed to halve operating losses from £1.6m to £700,000.

At that time, Mr Ritchie said the decision to “right size” the business and standardise business processes had contributed to a significant reduction in the first half loss compared to last year, with strong demand from the public sector helping to “offset weakness in retail and the expected downturn in the corporate sector”.

However, it appears that the decision has now been taken to dispense with further posts in Kirkcaldy, although the number is not yet known.

The Courier understands that up to 25 jobs in the factory at Michelston Industrial Estate could be affected, although the company has entered into a 30-day consultation with employees amid hopes the majority of redundancies will be of a voluntary nature.

A spokesperson said: “Any decision to reduce jobs is difficult and we’ll be doing everything we can to support colleagues affected.”

Havelock’s client list has included high street names such as Lloyds Banking Group, Tesco, Marks & Spencer, Primark, Virgin Money and House of Fraser.

It also operates in the education and healthcare sectors.

As well as the previous job losses, the cost-cutting drive, which was confirmed in September 2015, also involved the sale of Yorkshire-based Teacherboards, its educational supplies arm, to Sundeala Limited for a total of nearly £1.4m.

Kirkcaldy MSP David Torrance reacted with sadness to the latest news of redundancies.

“I am disappointed by today’s announcement that jobs will be lost in the constituency,” he said.

“I understand that Havelock believes this move is necessary to safeguard the rest of the work force based in Kirkcaldy, though the impact this will have on those who now face redundancy should not be overlooked.

“Havelock continues to be a major employer within the constituency, and I hope that despite these immediate challenges they will move forward and continue to be a significant contributor and benefit to the local economy in Fife.”

mikepompeyfan
04/11/2016
18:40
Welcome to havelock another 25 jobs shed. Good they are being proactive though
neverforget
31/10/2016
18:10
Thanks mpf - let's wait and see.

In the past HVE has been good for a quick 50% if you can get the timing right.

gleach23
31/10/2016
16:38
There was a trading update in November last year and also one the year before.
However they were only because there was unexpected bad news meaning forecasts wouldn't be met. Presumably, if things are going as expected there will not be any update until the usual one in January. A case of no news is good news ;-)

mikepompeyfan
31/10/2016
15:38
I understand that WH Ireland is forecasting a 600k profit for 2017. If so, there could be value at this level, imo. Not without risk though.
gargoyle2
31/10/2016
12:43
So the 10k trades continue, but the online quotes don't change. Can still buy loads @ 9.25p but only sell up to 7500, also @ 9.25p.

It still looks to me like a buyer of these 10k amounts chipping away at a large sell order.

Trading update 17 Nov last year.

gleach23
28/10/2016
18:48
Just a tad above Styles & Wood's 30/6/16 net cash and cash equivalents of £ 3.7 million..
gargoyle2
28/10/2016
18:02
No, but don't tell anyone. Just quietly buy @9.25.
timnet
28/10/2016
13:38
The market cap is now just £3.81M.

Is that really all HVE is worth?

capricious71
19/10/2016
16:21
Thought I'd celebrate today's excitement of 2 trades with a post. Again I think they are buys as the quantity available to sell online increased to 10,000.

Still very small beer though...

gleach23
12/10/2016
14:26
Let's hope things are a bit different now and that a corner has been turned...rose tinted specs to the fore!
gleach23
12/10/2016
13:14
some positive coming from Havelock but have we heard it all before?

hxxp://www.havelockeuropa.com/news/fife-politicians-find-future-manufacturing-region/
hxxp://www.havelockeuropa.com/casestudy/university-edinburgh-successive-student-accommodation-win/

neverforget
12/10/2016
13:08
my gues would be that this is the 130k being cleared so would argue that this is actually buying not selling.
neverforget
12/10/2016
12:34
I'd agree with that.

Trade recently gone through for 55k shares @ 9.25p. Can now sell up to 7500 which leads to suspect these 9.25 transactions are actually buys.

gleach23
12/10/2016
09:04
My guess is that Andrew Burgess is selling in drips, when there are buyers around. That's why there are shares available if you want to buy. I suspect a 1000 sell here would knock the bid down pretty sharpish.
gargoyle2
12/10/2016
07:52
They may well be sells gargoyle2...I was just making an assertion based on the online quotes which are consistent with yours. If they are buys then I don't know why they would be nibbling in 10k quantities so I take your point. I also think however that we might have seen a lower quoted bid if they were sells.

Whatever they are, it doesn't amount to too much anyway. I'm keeping watch with a view to topping up at some point but at the moment if feels like a seller is lurking. With only 1000 or 1500 shares available to sell I'd expect the bid to drop sometime. Some volume followed by a Holdings RNS would be an interesting prospect too.

What's your take on the situation?

gleach23
12/10/2016
07:23
I'm not sure that's right, gleach23. I can get a quote to buy 100k at 9.25p -- i.e. there's someone prepared to sell me a big chunk at that price. If, as you say, there's a buyer nibbling, why wouldn't he just take a big bite at 9.25p, instead of 10k nibbles? I can't get a quote to sell more than 1000 at the moment -- also at 9.25p. that suggests to me that nobody is out there buying this stock.
gargoyle2
12/10/2016
07:05
No, I do mean buys.

As I said, I can't even get a quote to sell any more than 1500 shares whilst the online quote to buy is 9.25, the price of these 10k transactions.

gleach23
12/10/2016
05:09
You mean someone is drip feeding with 10k sells...
gargoyle2
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