Havelock Europa Share Discussion Threads

[neverforget] 07/9/2017 20:43

Hey gg welcome back. You must be missed. R u going to sort this mess once and for all? Or get someone proper in to do It?

[savvysurveyor] 07/9/2017 19:46

Good old days: I read your post of 12:11 today with interest and for me, you are absolutely on the money. Hasbeen too. Our last results were a disappointment; declining revenues, decreasing opening order book, increase in debt, wafer thin profits and pension issues etc,etc,etc.......then this news today. Difficult decisions for some people are easy decisions for others. All it takes is a bit of courage. If our MD doesn't have it, then hopefully Ian Godden does. What we need is an MD with experience in turning companies fortunes around. David Ritchie is a QS, so unless I'm missing something he doesn't fit that bill. Interested in hearing if anyone agrees.

[greengiant] 07/9/2017 18:38

Hasbeen, That is the most sensible and relevant post that I have read in a long time. Thank you. The greatest asset of any company is its people, They are the eyes and ears of a company and ignore them at your peril. Thank you for that post. Andrew

[hasbeen] 07/9/2017 15:47

I'm not a shareholder but an ex employee(McIntosh/ESA to HVE) show the door along with the other "dead wood" during the first cull of ESA employees in 2009. I`ve been taking an interest mainly because I actually liked working there and thought the was a secure future for the souls left behind. Havelock unfortunately started badly implementing their own ideas on how the company from design, manufacturing, systems, sales and above all the customers overall experience in dealing with the company (then profitable),should be run without listening to people with a wealth of experience, knowledge, and skills they in hindsight should perhaps have retained or at least took an interest in their thoughts. The arrogant top heavy management structure never would perform as it should in that industry without the support of staff on every level.Performance is based mainly on ability, trust, and loyalty and a little respect and confidence in your staff may give them a reason to want to be on the team. I doubt the existing staff are finding it a pleasure to be there. more than a few will holding out for redundancy payments, but what happens if the fat lady sings first?...good luck to all who are still keeping their heads up, and hopefully someone will come along soon to give this monster the kick up the arris it so desperately needs to survive otherwise it will have a devastating effect on (almost) all employees.

[goodoldays] 07/9/2017 14:57

They have had enough,critism on this site and have chosen to ignore the feelings of the shareholders and employees. They can now suffer the consequences!!!!

[truthful tommy2] 07/9/2017 11:52

goodoldays Totally agree, for far to long the directors and senior management have been totally inadequate,and out of there depth. I would hope that Ritchie finally opens his eyes and gets rid of the lot. Not made redundant but sacked for incompetence. Before hes out the door. Still time to saze this company.

[jbarker5555] 07/9/2017 11:43

He'll be wondering why he's half a million quid poorer today than he was yesterday! :)

[neverforget] 07/9/2017 11:33

It won't be anything good.

[capricious71] 07/9/2017 11:19

I wonder what AB is thinking now...

[goodoldays] 07/9/2017 11:11

I posted on 24th November 2016 that if management was not changed then Havelock would face extinction. I think that time has run out. I feel sorry for those employees who have voiced their frustration with current management and they have been ignored. A lot of people have invested their life with this company, others have invested their money, how have they been repaid, they have suffered through the arogant self preserving attitude of senior & middle management, many of whom should not have been employed in the first place. Havelock is a listed company therefore every action should have been for the benefit of the shareholders.

[capricious71] 07/9/2017 10:30

Down 38%? A buying opportunity? Maybe to buy STY, yes! The market cap is just over £2m now. Surely it's worth more than that. It's sad what's happened to HVE.

[goodoldays] 07/9/2017 09:13

When is the September strategy announcement due, does anyone know??

[neverforget] 07/9/2017 08:58

Now I know why the directors didn't want to buy shares. They didn't have enough faith in their own abilities.

[neverforget] 07/9/2017 08:53

If Ritchie had any sense he would resign. I can't see him lasting

[timnet] 07/9/2017 08:37

Well, you all wanted some trades! Going private, are we?

[meijiman] 07/9/2017 07:46

Pitiful ..what investors have to come to expect from this bunch ........As pointed out by Gargoyle they don't seem to have control over the business.

[gleach23] 07/9/2017 07:11

Adds intrigue to the (hopefully) upcoming strategy announcement!

[neverforget] 07/9/2017 07:09

Time for Out how to step down. Can't imagine AB or RP our big buyers are happy

[gargoyle2] 07/9/2017 06:34

A shocking statement. I'm not sure what 'considerably below' means (when compared to the usual 'materially below' or 'significantly below'), but still shocking. This Board should be delivering by now. This is the AGM statement from less than 3 months ago: "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 £38 million and existing and new framework agreements, the Board believes performance for the full year will remain in line with our expectations."

[18bt] 07/9/2017 06:28

Oh dear...

[gleach23] 07/9/2017 06:08

Looks like yesterday's seller saved themselves a few pence! Statements don't come much worse - "The Directors of Havelock Europa PLC (HVE.L) expect that results for the year ending 31 December 2017 will fall considerably below expectations, due to delays in the commencement of work for key customers and lower-than-anticipated orders from the public sector. These developments are set against the previously announced backdrop of reduced activity in the first half and costs associated with the implementation of the ERP (Enterprise Resource Planning) system."

[neverforget] 05/9/2017 18:37

I'm ecstatic anyway the move from Havelock house is underway it was vanity personified. Ritchie won't last unless he pulls his finger out.