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
  +0.00p +0.00% 2.30p 0.00p 0.00p - - - 0 01:00:00
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 6526 to 6550 of 6625 messages
Chat Pages: 265  264  263  262  261  260  259  258  257  256  255  254  Older
DateSubjectAuthorDiscuss
22/6/2018
18:05
What is going on COO gone ?? Why ?? I thought he was an integral part of the recovery team ?? It was bad enough when the CFO left but this is awful news.
homegrown
22/6/2018
09:35
OK so pardon the terminology. He left last Friday. I know that as he started Monday.
2perfect
22/6/2018
09:33
He’s not leaving, he’s left. Gone. In his new job!
magpie15
22/6/2018
09:29
I was no the biggest fan of the COO on a personal level. However he was good for the business. He was the main reason they have sailed through the storm to date. Credit where it is due. Him leaving is a blow to the business IMHO. Nobody else has the skills or the knowledge to get through the tough times. He has also been dedicated to the cause and securing money. If he is leaving the writing is on the wall.
2perfect
21/6/2018
13:48
Seeing as no one else in here seems to have noticed, PMc the COO has gone. He has secured his next role so this must have been some time in the making. No word about it from the company which on the surface of it is odd but with the share price being so fragile, it makes more sense to not add more news into the mix.
magpie15
21/6/2018
11:25
They are moving out. I thought it was already done.
2perfect
21/6/2018
09:24
Is the fact the the AGM is at the factory notice that Havelock house is no more?
neverforget
20/6/2018
19:09
Wouldn't disagree with a number of items you have stated. I don't know ED? Time will tell I guess, it always easier when your squandering someone else's money and not your own !
homegrown
20/6/2018
18:56
I’m not sure how you could possibly know what salaries people are on. I don’t know either but it would be hard to believe a significant amount of people of £80k plus. I do agree that they do appear to be middle management heavy but it’s the cost base that’s the problem, not the sales margin. Trust me, in the market place, Havelock are not considered competitive. The retail market place is brutally competitive with the retailers now super aggressive on buying cost strategies. Havelock, in my opinion failed several years ago to react to a changing landscape and are now w struggling to adjust. For comparison, Cardinal turn over more or less the same as Havelock with more or less half the headcount. There are also massive issues with the outrageous spend on an ERP which still doesn’t work plus costs expended on people like ED which seem hard to justify. Despite all that, there is a good company, goo people and a good product at the heart of it all. If someone could just grip it, there is a bright future somewhere.
magpie15
20/6/2018
18:28
As I noted earlier, buying projects is not a strategy that will secure any manufacturing organisation. No skill set required,just keep on taking on projects with desperately low margins. Individuals within this business are yielding salaries well in excess of 80k.its ridiculous. Time those individuals agree to help this business and accept a far lower wage rather than stripping it to the bone. Multiple layers of management shuffling paper working virtually part time. Strip out the layers of unnecessary management, stop the job creation, and start paying sensible rates of pay. It is a travesty, this business was once a very profitable, well organised, respected organisation with a very committed workforce.
homegrown
20/6/2018
15:08
Tocsin I would 100% agree with you here ,I worked there few years ago now , now living abroad, when I worked there everyone new there capablities, all round great work force on shop floor whom new the product and how to get it out in time, one friend whom still works there tells me now it complete mess , if that is case whom ever is the man at top do what tocsin says because it’s to good a workforce on shop floor
fifeboy
20/6/2018
15:08
Tocsin I would 100% agree with you here ,I worked there few years ago now , now living abroad, when I worked there everyone new there capablities, all round great work force on shop floor whom new the product and how to get it out in time, one friend whom still works there tells me now it complete mess , if that is case whom ever is the man at top do what tocsin says because it’s to good a workforce on shop floor
fifeboy
20/6/2018
15:08
I cannot fathom why there is so much interest in HVE at this point in time, as there is little likely-hood that the share price will move northwards, until such time (if ever) they start to prove they can turn this sinking ship off the rocks.
clocktower
20/6/2018
14:54
RW doesn’t and never has worked in the same capacity as the three guys you mentioned so I’m not sure how that’s relevant. I don’t know so much about them but do know JC left of his own accord and was more focussed on healthcare than Education. My understanding is that the other guy in Scotland is more education based and does good levels of business. Who is the major high st retailer who has warned them? They only have 3 customers who really fit that bill and one of this transacts almost exclusively overseas. Also, why don’t you know what the current situation with the COO is?
magpie15
20/6/2018
14:28
They made a poor decision letting Ramsey Mcdonald, Robert Jensen and Joe Crawford leave such a thriving Education business which ALWAYS delivered HIGHER margins than Shopfitting ! Stupidity and Arrogance springs to mind.....they might do better getting rid of the deadwood RW etc and getting at least these 3 back wouldbe a start of a turnaround
tocsin
20/6/2018
14:26
Havelock have been struggling with delivery for a couple of years and have been warned about this problem from a major high street retailer. But as with everything else they have chose to ignore it. Or blamed somebody else.
truthful tommy2
20/6/2018
13:49
More pertinent questions (which I’m surprised some of the so called ITK’s haven’t asked!?) 1) where is the COO? 2)what Value is ED now bringing? 3) the current sales team has 2 performers, what are the others doing? 4)how is the companies current delivery performance? There is so much that could be great about Havelock, if only they could escape the spiral of lack of cash and sales and delivery performance challenges.
magpie15
20/6/2018
11:52
Yes they may have 2 years if all goes to plan but is it to late in the day, and at a time of turbulence - Brexit - Trade Wars - The value of the Pound let alone all the other problems that surround the business. Would you place orders and put up money in advance if you were a customer and asked to put money upfront for a percentage of a contract?
clocktower
20/6/2018
11:38
Clock - they have 2 years left to sort it out - So they are not going bust just yet -
tomboyb
20/6/2018
11:34
tomboyb - what mad fool would want to take on the pile of debt and problems HVE have, and pay £1 let alone million or so?
clocktower
20/6/2018
11:13
Homegrown only last year they were talking smashing 100 million barrier - Now HVE has hit all time low to be valued at 960k - http://www.heraldscotland.com/business_hq/15632497.Havelock_Europa_unveils_plan_for_hitting___100m_turnover_target/ But someone needs to make it leaner and fitter -
tomboyb
20/6/2018
11:03
No long term manager will leave voluntarily due to the high salaries and benefits, no other company will offer packages like HVE. This is a result of buying turnover and rewarding staff for doing so. It was only a matter of time .
homegrown
20/6/2018
11:01
With a cap of 960k someone with some "tenacity" could simply buy the company take control and turn it round - A turnaround specialist -
tomboyb
20/6/2018
10:38
Market cap is actually £960k with that big sell yesterday - Ian Godden's 3million purchase at 10p looking quite poor - However they do have that time to sort it out. Hopefully a leaner company will emerge -
tomboyb
20/6/2018
10:17
Market cap below £1million - Even though 2 year grace -
tomboyb
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