Havelock Europa Share Discussion Threads

[goodoldays] 14/6/2017 07:17

When are you all going to accept that Havelock is beyond recovery. I sold the last of my shares last year at a whopping loss, thus accepting the fact that I had been flogging a dying horse!!! I applaud some of the misplaced optimism on here, but I think that most optimistic comments are posted by employees with a vested interest in keeping their overpaid jobs.

[capricious71] 13/6/2017 23:29

A right old haggis of a share.

[neverforget] 13/6/2017 14:36

Interesting that all resolutions passed which must mean major shareholders not overly worried. Had a 5 quid bet that the word challenging would be in there

[gleach23] 13/6/2017 12:07

It'll be interesting to see if our big buyers retain the faith and add on any weakness after this AGM statement just issued which backs up recent weaker online quotes after a disappointing first half -

Havelock Europa (AIM:HVE.L), the international interior solutions provider, announces that at its Annual General Meeting held at midday today, 13 June 2017, the Chairman, Ian Godden, made the following statement:

"The Group continues to make progress despite operating in a very competitive market. As indicated in our 2016 final results, we expect 2017 performance to be significantly weighted towards the second half, but more than usually so this year, with a correspondingly weaker first half result. For the full year, whilst activity in the Public Sector is expected to be below last year's levels, this will be balanced by a better than expected demand from Retail and Lifestyle and Corporate Services clients.

Forecasting for the second half year remains difficult - however, given the current order book of GBP38 million and existing and new framework agreements, the Board believes performance for the full year will remain in line with our expectations.

The recent launch of our new Early Years' Education and Healthcare furniture ranges have been well received by the market and we are now in the process of updating our Secondary School range, which all augur well for the future.

The pipeline in the Retail and Lifestyle and Corporate Services sectors is encouraging. We have been appointed exclusively by a major UK Building Society to design and deliver new-style furniture for their branch refurbishment programme, have secured new retail customers both in the UK and internationally, and have undertaken our first projects in the car showroom sector.

We remain focused on cost control and improving margins and cash flow through enhanced operational performance, strengthening the commercial team and the pursuit of further efficiencies. The recently implemented ERP system is an important step forward towards achieving these goals. As previously announced, the Board is conducting a major review of Havelock's strategy to re-establish market leadership which will be shared with shareholders later this year."

[gleach23] 12/6/2017 11:18

Curious turnaround in online quotes in the last month. Can currently buy up to 100k at 12.45p which is well under the market quote but only sell up to 10k at 12.25p.

AGM tomorrow and hopefully we'll get a trading statement sometime during the day (they don't seem to issue the AGM statement at 7am).

It doesn't seem as though our buyers of a couple of months ago (Burgess and Patterson) are as tempted just now. Perhaps the pension deficit and net debt figures are putting them off? However given that tomorrow will probably just be a statement on trading, perhaps we'll get some more positive news and these issues will be overlooked for the day?

I remain tempted into a top up but still holding back for the moment.

[savvysurveyor] 06/6/2017 17:38

Morale very low

[km1966] 06/6/2017 12:03

New erp system still causing issues I believe.

[gleach23] 06/6/2017 11:44

Thanks for the confirmation nf

Hopefully we'll get a trading update with the AGM a week today...

[neverforget] 06/6/2017 11:34

Got a 1 line response - not worried about it. So that is that.

[neverforget] 02/6/2017 19:51

Tried to get hold of him left mail and voicemail

[gleach23] 01/6/2017 16:32

Thanks - interesting. Makes one wonder what else has been slipped into the Articles. Good luck with AB.

Alternatively you could always don a fake moustache and glasses and pay the visitors book another visit to see what you can find out? :)

[neverforget] 01/6/2017 14:35

There is but the company has not yet posted its accounts. Which they are required to do so but it's 21 days notice. Which got me wondering why they haven't announced it so I did 2 things. Firstly page 20 of their Articles say that it does not invalidate the meeting. So I looked through the AGM notice on the website and we have the right to raise capital through share issue appearing again after ab got it struck off for 2015. Does this stink of the directors trying to issue shares on the cheap again? Maybe that is why they want to hide the notice. Stinks. Thought things were getting better but obviously devious and deceptive. Scared that the notice will get rejected. I will get hold of ab to find out what's going on. Personally I don't like.

[gleach23] 01/6/2017 10:24

I notice there is a Notice of the AGM on the website dated 19 May

[neverforget] 01/6/2017 10:18

Note sty giving plenty of notice

[neverforget] 01/6/2017 10:15

I'm confused. I haven't yet received my accounts. The company hasn't yet notified that they have been posted or available. The AGM is on the 13th and yet they now appear to be in breach of the companies act by not giving sufficient notice. Therefore any resolutions which are passed can now be seen as unlawful.
Confused please help.

[neverforget] 31/5/2017 12:50

from sty
"The Group's trading in the year to date has been in line with management expectations. The Order Book for the year ending 31(st) December 2017 now stands at GBP136.6m, some 36% ahead of prior year, with a traditional seasonal weighting towards the second half of the year.

lets see if Havelock can match but the management team here is weaker so I dont expect fireworks

[gleach23] 25/5/2017 15:14

tempted into a top-up at 12.9p but holding off as 50k available to buy online but just 18k available to sell

[tocsin] 23/5/2017 19:54

Sounds excellent ! #dividendsonthehorizon

[horridharry] 22/5/2017 09:06

Nationwide was part of the work that moved over when AMS went belly up at the beginning of the year.

[gargoyle2] 22/5/2017 08:49

Nice publicity -- and good to see HVE going after the children's school furniture market:

[gleach23] 19/5/2017 11:13

Cheers gargoyle2 and well spotted - that must have been updated since I checked on Wednesday as it still only included up to 2016 then.

Good to see they have updated.

[gargoyle2] 19/5/2017 11:07

AGM on 13 June according to the financial calendar on the HVE website.

[neverforget] 19/5/2017 06:27

More news
Keep it up us shareholders like to know what is happening with our company
hxxp://www.havelockeuropa.com/news/havelocks-carstore-fit-introduces-distinctive-features-talk-town/

[fillipe] 18/5/2017 16:23

A bit quiet here - possibly FTC might produce a bit more early excitement?

f