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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 0.0% 2.30 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 53.2 -5.9 -17.8 - 1

Havelock Europa Share Discussion Threads

Showing 5951 to 5971 of 6625 messages
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DateSubjectAuthorDiscuss
10/9/2017
13:29
Well obviously there are not that many disgruntled people.
neverforget
09/9/2017
15:03
Some time ago Havelock directors warned every employee not to read the comments on this site and it was a serious warning.They also warned employees not to go on social media. Shortly redundancies may well be announced no employee will come forward to say or tell anything christmas will soon be upon everybody. Unfortunately this is Havelock in 2017.
truthful tommy2
09/9/2017
14:36
neverforget, I applaud your bravery and enthusiasm and wish I could help but being a ex`employee I cant lend much support other than moral...Most of your management "likely lads" have been exposed on here to little effect.but you might want to take your time to make more people aware of this and meet to compose your intentions and alternative strategies collectively before your "management" will take anything seriously or even contemplate any actions.The other side of the coin is that if you show that too many employees are disgruntled it may have an adverse effect on any existing share holders and what confidence remains within that community. I do hope the situation improves, but with your upper echelons firmly bedded in with iron clad contracts and the power to do as they see fit...be it right or wrong, you might find yourself lost or without a paddle up a creek ..lol...Time as they will tell and it`s little comfort but apparently every dog does have its day...I hope yours comes soon.
hasbeen
09/9/2017
13:29
Seriously if we have 50 employee or ec employee comments on here by Monday then management will have to listen or will be forced to listen! So post get your colleagues posting it cannot be traced to you so it's anonymous
neverforget
09/9/2017
12:54
Keep it coming. Encourage other employees to post. I know management read this. Let's make a noise. Our major shareholder is a contributor. Let's save this company by forcing change.
neverforget
09/9/2017
11:02
musketshot its the employees at the top that have drawn large salaries with all the addon perks and failed to deliver. They have brought this company to its present position. There are some very fine and hard working people trying there best every single day. But those at the top have only ever looked after themselves history has proved that. Please note that this is not a new ting its been going on for the last 10 years. Started with RL and exploited by MH.
truthful tommy2
09/9/2017
10:44
Just come to have a look in view of share price fall and current market cap -v-revenue. Thanks to all recent posters above (both ex and curren employees) for giving a detailed insight into business practices. On business administration - Fully agree needs a much closer control of quotations, execution costings and profit margins - From the 2016 accounts Revenue of some £60 million for a profit after tax of £258K signals (to me) total management failure. Apart from this the reason why I am not digging further is the apparent pension defecit increase over the last year to 9,356K from 1,031K. against a market cap of £2.5 million (assuming ADVFN figures are correct) and no support from Tangible assets. Best of luck to those still working there - drawing pesions and invested. Sorry will not we joining you unless a very significant change in managment though I do like the revenue line and feel that there is potentially significant opportunity with LUCK and good judgement.
pugugly
09/9/2017
10:38
It certainly wasn't aimed at you Hasbeen.
musketshot
09/9/2017
10:24
musketshot, for the record I`m not having "a dig" and yes i agree YOUR company has a lot of great people and make great things. The opportunity for all to point out the obvious failings has been an ongoing,drawn out,and to be honest worn out exercise mostly and understandably by people who are either scared to lose their livelihood and-or the moneys they have invested in shares. And who can blame them ? At this point they have little or no control of their destiny.My post was not to meant to cause offence but to offer a little solidarity to people who are in a difficult situation through in most cases no fault of their own. My career was probably cut short due to my failings and inabilities to conform. and to be honest I'm not bitter, there is life after HVE !.... To yourself and your colleagues the best of luck for the future and every success.
hasbeen
09/9/2017
09:38
My post was a plea for the Chairman, the major shareholders & investors to come together and make the changes so this company can move forward. There are some great people in this business from top to bottom but changes need to be made to reduce the overhead. We make great things and it would be a travesty if it folded. It wasn't another opportunity for ex employees to have a dig. The same bitter talk is no help what so ever, it's nor the place or time for that nonsense.
musketshot
09/9/2017
08:22
WMCC was Willie McColl ex owner of ESA McIntish
goodoldays
09/9/2017
06:29
Thanks for the insight musket an tt. I was one that said keep posting and it looks like you are right. Looks like Ritchie is done for. 2 years down the line and nothing has changed. News flash this company looks dead in the water . It will take a miricle to turn it around. Other shareholders and employees and ex employees post here to voice yr opinion. WTF were WMCC
neverforget
09/9/2017
05:22
Havelock operate a grade structure system for there staff. When you get to director or senior manager grade 3 you qualify for the bonus. Not all senior management get the bonus. The bonus is paid and you get tied in to a confidential agreement. You are not allowed to tell anyone. The bonus is quite substantial and the amount depends on how high you are on up in the pecking order. also your terms and conditions change mainly your notice period. The length of notice gets extended well past the standard 3 months. This is one of the main reasons why directors never get made redundant. It costs to much money. They also have many other perks such a fuel cards. One employee who lives in Glasgow has a card. Another who lives in the same area does not. So the employee who dosent have the card pays for his own fuel to and from work. This can be £320 a month. Havelock need restructuring fast but I fear this will not happen as a to quicker change could be devastating. The expenses issue is a far bigger problem.
truthful tommy2
08/9/2017
18:33
Like hasbeen I moved over from ESA to HVE in 2009 but managed to survive redundancies to date. I fully agree with the sentiment that it's a good place to work, I too also like working here. Unfortunately it's just a down hill spiral with only bad news been shared on here and in the press. Havelock for too long now has been top heavy with directors. Director rolls where handed out like sweets at a kids party at one time and now we are suffering. The company is relatively small and should only have a few directors. To many directors results in little been agreed, infighting between them is embarrassing and they all back into there own corners with no progress been made. We don't need directors below directors or managers for one or two staff. Plans get implemented but as quickly as they appear it's all forgotten and we just continue in the same direction. There needs to be a change and a big one at that. We need shed huge overheads and make us more competitive on jobs and also increase the profits for the business. There is a business in there that can be successful, make even greater things. thrive and be profitable but not unless real changes at the top are made.
musketshot
08/9/2017
16:43
The goodolddays were pre Havelock. Come back WMCC all is forgiven
mumski
08/9/2017
16:41
I have to say that Ramsay's expenses were subjected to careful scrutiny and only allowable items were clsimed, signed off and subsequently reimbursed. However one cannot vouch for what happened post 2010
mumski
08/9/2017
15:49
Too true. Take a look at the destruction of the balance sheet from YE 13 to YE16. Ignoring intangibles the net assets have gone from £12m to -£4m. Even taking the retirement obligations out its still dropped from £14m to £5m. They can burn through cash quicker than my missus!! :)
jbarker5555
08/9/2017
12:28
Jbarker555, maybe half the cost, but all the debt, all the liabilities, poor reputation and few clients!!!!
goodoldays
08/9/2017
12:12
Time to take it private gg? Could be done at half the cost now! :)
jbarker5555
08/9/2017
06:36
Well they both got that right then.
neverforget
08/9/2017
05:26
Havelock Europa, the shopfitting and interiors company, has warned that profits will be “considerably below” expectations. Shares in the company fell by as much as 50 per cent after the trading update yesterday before recovering slightly to end down 37 per cent at 6.25p.[please check at close] Havelock blamed delays in contracts with key customers and public sectors orders being lower than anticipated. It is understood that directors believe the bulk of existing orders will still eventually come through but many are now likely to knock on into next year. Havelock had previously flagged a general reduction in activity across the first half of the year as well as a temporary increase in costs associated with installing a major new IT system. Difficult trading conditions on the high street and a trend for fewer bank branches has affected demand for Havelock’s services in recent years. David Ritchie, who was appointed as chief executive in May 2015 in a bid to turnaround the AIM-listed company, has outlined ambitions to target more sectors outside the group’s traditional areas of retail, education and financial services. He wanted to extend into areas such as overhauling car showrooms and updating office blocks and the corporate areas of football club stadiums. Those efforts appeared to be bearing fruit as Havelock booked a £183,000 pre-tax profit for 2016 in spite of a 17 per cent fall in turnover to £60.8 million. This was up from a £2.7 million pre-tax loss in 2015 after a restructuring in which the workforce was cut by 100 staff, or 20 per cent. Ian Godden, the chairman, told the company’s annual meeting in June that performance for 2017 would be “significantly weighted” towards the second half of the year and warned forecasting remained difficult. Mr Godden pointed to an order book of £38 million and expressed his hope weaker public sector trends would be offset by growing demand from retail, lifestyle and corporate customers. He also said new customers had been secured in the domestic and overseas markets while a major UK building society had appointed Havelock to make furniture for its branches. Havelock is due to announce results for the first half of this year towards the end of the month. At the moment the company is not thought to be considering further job cuts.
mikepompeyfan
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