Havelock Europa Share Discussion Threads

[30carlos] 03/5/2018 18:59

TT seems to have accurate information ...

What's your thought TT ?

[killieboy] 03/5/2018 17:07

This company (by that I mean the Directors of this company) are a complete shambles!

[30carlos] 03/5/2018 15:28

Do really believe HVE are in a such a serious condition ??

[30carlos] 03/5/2018 15:26

What do you think the outcome will be...

[truthful tommy2] 03/5/2018 14:34

In April the chief financial officer left. Warnings had been raised that overheads including wages and expenses needed to be severely reduced. You would have expected that checks and balances should be in place. Bit farcical and amateurish.

[clocktower] 03/5/2018 13:20

Could it be a total wipe out?

[clocktower] 03/5/2018 11:17

Not good news this morning, even more concerns being left in the mixing pot now.

[neverforget] 02/5/2018 16:24

So people feeling positive until Fri Will be interesting to see what the new strategy is and how it is doing

[clocktower] 01/5/2018 18:30

Agreed neverforget - with AB holding the largest stake by far, all he has to do is work with a several of other larger holders, who must have similar interests at this time to crack the whip.

The timing of the appointment together with the manner it was issued suggests that AB is taking a very active roll and about to call the tune at the AGM on 20.06.18

If you look at AB`s investment at the current level of the share price it is worth only around £240k - but I seem to recall that his average would have been around 10p+ a share (over £800k).

If the business can be returned to profitability there is upside but the net debt has to be sorted out as does the pension deficit first and foremost imo.

Only the figures on 4th May will give a clearer picture of how these issues are to be overcome. Will there be a funding round to shore up the business and at what level could sufficient be raised to give the business a fighting chance of recovery?

Or will it be de-listed to reduce costs? I think AB favoured that in the past, if my memory serves me correctly..

[neverforget] 01/5/2018 16:48

Interesting development. There is no way that the board would have accepted this voluntarily....I had to laugh about them implementing their new strategy. One that has been in the making for a year.
Results Friday, will show what everyone on the floor is saying

[truthful tommy2] 01/5/2018 13:33

Its a good call, announce a new board director, share price rises. Just before the yearly figures get released. Just a thought.

[clocktower] 01/5/2018 12:48

Agreed mesquida but it is worthy of comment imo, as he is also a senior risk assurance consultant at PricewaterhouseCoppers in Canada. So in view that so many comments on this thread have been suggesting the company may well in suffering serious problems, it maybe the sort of chap you may want appointed to the board if you held just under 20% of the company. Only a thought always DYOR

[mesquida] 01/5/2018 12:10

Clocktower, just because he was once a Director of a company that went into liquidation does not mean he is an expert in liquidation.

[clocktower] 01/5/2018 11:18

A ride not to be missed on what could turn out to be a roller coaster.

[clocktower] 01/5/2018 10:47

Miracles on its way with the share price being managed upwards - not to be missed imo.

[clocktower] 01/5/2018 10:42

Followed by a share price rise on the news that Hakeem Yesfu has been appointed as a Non-Executive Director.While he has and seems to hold a number of financial roles, is he a liquidation expert, as I note while a director of Amusis Limited, it entered into voluntary liquidation.

As AB is such a major holder, he could I expect benefit in the long term, if the company were to go into liquidation in a wisely managed plan, that would leave him able to buy the assets at a knock down price. Time will tell.

[clocktower] 01/5/2018 10:28

So, Andrew Burgess`s suggestion has been accepted by the board. That is a turn up for the books. What use as a shadow he will be is yet to be seen.

Good Luck.

[neverforget] 01/5/2018 09:41

Twitter updated but nothing to see about contracts or actual work. Just GMB and stupid stories. This board will not last past May at this rate. This is an embarrassment. It’s about to go pop.

[hasbeen] 30/4/2018 13:51

The "current" education product was inherited from CFG, and through years of "development" has retained the basic design concept but in my opinion cheapened the product to its maximum. Additional items have been added to that concept but with no real design and development experience left on hand the product has become stale and dated. The Havelock mentality has always been to the fore since the takeover and unfortunately fresh ideas have not been entertained within for many years and without investment,relative industry experience and a little foresight they are falling behind and will continue to do so. The product for education was a market standard and a leader,but now as we are all aware internal problems and a distinct lack of experience,enthusiasm and commitment from upper management and the current board is a sad state of affairs. I know a lot of people who rely on their employment with this company and it would be a travesty if this went under. Good luck and my best wishes to all.

[cvileservant] 30/4/2018 12:02

last feedback i gained from a Fife Council 'educationalist' involved in a recent education campus was the product look 'tired' or dated even before being installed. Was not RF and his lazer cutters meant to improve the stock line variety, or was that just to chew through some development fund money. An ex Ford director was employed to bring in a range of Scandanavian style modular furniture some time ago, but fell flat because of its high retain cost - looking at the e-sales kit online these days, seems to be very much the same design , but again a decade behind the curve.
With the high street collapsing, and PFI by whatever name drawing down, can't see any new directions to bail out, and attempts to get into supermarket banking and stadiums always seem to boomerang back as loss leaders.

[neverforget] 28/4/2018 13:59

Medquidz maybe, maybe not. We will see on Friday. Who releades results on friday? Sales down h1 by minimum 15% to 20% against lasr year is what factory floor is saying. Great management team we have here