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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Helesi | HLS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 1.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.75 | 1.75 |
| Top Posts |
|---|
Posted at 06/3/2012 14:36 by schrodingers_cat TOP Traders Thread !!!! - CRandrbea - 05 Mar 2012 - 10:16:31 - 73208 of 74106 snt - ids tops :-) watch hls too |
Posted at 08/2/2011 07:21 by delladella RNS Number : 6976A4 February 2011 Helesi PLC Trading update Helesi (AIM: HLS), the Greece, Italy and Cyprus based waste management products manufacturer and services supplier, announces a trading update for the financial year ended 31 December 2011. Helesi's operating and financial performance in the second half of 2010 has been in line with guidance provided in its interim results to 30 June 2010, announced on 29 September 2010. The Company expects to report revenue for 2010 of approximately EUR 50.5 million (2009: EUR 73.9 million) and an EBITDA of approximately EUR 4.0 million (2009: EUR 12.7 million). Revenue will be lower than in 2009 due to reduced activity in the market place and the implementation of fundamental reforms to local municipalities and communities. The second half of 2010 has continued to be challenging, although we are seeing an improvement in the political situation in Greece.. The principal focus of the Company continues to be on generating cash to reduce its level of indebtedness. As anticipated, this level began to fall in the second half of the year. In particular, EUR 8.1 million was received in government grants, leaving EUR 1.7 million outstanding. As a result, net debt stood at approximately EUR 63 million as at 31 December 2010, down from EUR 73.9 million six months earlier. The Company will report preliminary results in early April 2011. For further information please visit www.helesi.com or contact: Helesi PLC + 30 22990 82700 Sakis Andrianopoulos, Chief Executive, Ioannis Tolias, Finance Director itolias@helesi.com Panmure Gordon +44 (0) 20 7459 3600 Andrew Godber Katherine Roe Tavistock Communications + 44 (0) 20 7920 3150 Simon Hudson shudson@tavistock.co Lydia Eades leades@tavistock.co. About Helesi Helesi is a specialist designer and manufacturer of plastic products mainly for use in the waste management industry and a provider of waste management services. Its activities comprise: -- the design and manufacture of plastic waste containers including 2 and 4 wheeled bins, pre-sorting bins and the full range of EN 840 standard containers; -- the provision of waste management services (waste collection, container washing, street sweeping and recyclable materials collection). -- the design and manufacture of material handling plastic products (pallet boxes and crates) for agricultural, domestic and industrial use and other injection-moulding plastic products such as fish crates, and stadium seats; -- the supply of special vehicles and equipment for the waste management industry; and -- the recycling of used tyres. Demand for Helesi's products and services in developed waste management markets is driven by increasingly stringent regulation on waste management and recycling. Growing demand is also being experienced in developing countries, which are looking to establish centralised and orderly waste management services. Helesi has developed a strong market position in both the developed waste management markets of Western Europe as well as in the high growth markets of South-eastern Europe, the Mediterranean and the Middle East. With sales in 52 countries, the Company derives more than 70% of its waste container sales internationally. |
Posted at 24/1/2011 22:20 by delladella I have been investing in HLS for a while now; most of those being negative have been looking for a while and are annoyed that other more savvy investors have discovered HLS.Helesi's bank has been very supportive, the government debt of Euro50m and the outstanding EU grants will be announced soon and we'll be back at the 40/50p level. DYOR DD |
Posted at 24/1/2011 14:13 by dasv city trader:I am trying to establish whether there is an investment case in HLS. I bought them in 2007 but bailed when I realised I'd made a mistake. I'm interested to see buying here as it might be a turn-around story. However I'm interested in other's views with respect to the company's balance sheet and prospects. What are you trying to do here? Ramp or share research? |
Posted at 07/5/2009 10:08 by dasv here is the RNS on the share placing. It doesn't seem to state the total number of shares in the company post placing:-Announcement re Placing and Director Participation Helesi Plc (AIM: HLS), announces that it is proposing to raise additional equity capital and indications of interest have been received in respect of 6,250,000 ordinary shares of EUR0.10 each ("Ordinary Shares") as fully paid up at a price of EUR0.64 per Ordinary Share (the "Placing Price") raising EUR4,000,000. The Company intends to raise a total of up to EUR10,000,000 via a placing of up to 15,625,000 new Ordinary Shares should there be additional demand from other institutional investors. The fundraising will occur in two stages; in the first stage the Company expects to place in the next few days, conditional upon Admission, 3,277,450 Ordinary Shares at the Placing Price, representing gross proceeds of EUR2,097,568, under its existing authority to issue shares for cash (the "First Placing"). These Ordinary Shares will be placed with TECMEC AE (a company controlled by Sakis Andrianopoulos, the Company's CEO and his wife Christina Thanassoulia, a director of the Company). To implement the second stage of the fundraising, the Company will convene an Extraordinary General Meeting ("EGM") seeking a shareholder resolution to disapply preemption rights so that it can raise the remaining amount of up to EUR7,902,432 via a placing for cash (the "Second Placing"). TECMEC AE has also indicated that it wishes to subscribe for a further 2,972,550 Ordinary Shares, representing additional gross proceeds of EUR1,902,432 in the Second Placing. Background Earlier today Helesi announced its preliminary results for the year ended 31 December 2008. These showed a year of significant progress despite the worsening economic environment. The net debt of the Helesi Group was higher than anticipated, which the Company financed using its strong banking relationships and still ended the year with undrawn facilities of approximately EUR10 million. Helesi is a cash generative business and, whilst it could sustain the current level of borrowings pending receipt of government grants which are due to it, the Board believes that it is prudent to prioritise a reduction in the level of borrowings. The proceeds from the Placings will be used to create a more appropriate capital structure for the Company and provide greater resilience and financial flexibility in the current environment. The associated reduction in financial indebtedness will provide additional headroom under the covenant levels in Helesi's existing debt facilities. Initially the proceeds will be used to reduce the Company's indebtedness pending receipt of EUR21m of EU grants which are expected to be paid to Helesi during 2009. Thereafter the additional resources will assist in financing the increasingly large contract wins which Helesi is now securing, as well as emerging opportunities in waste management. EGM The Second Placing is conditional, inter alia, on shareholder approval and a circular convening the EGM ("Circular") will be posted to shareholders in due course. At the EGM, shareholder approval will be sought, inter alia, for the allotment and issue of securities as part of the Second Placing. The total number of Placing Shares conditionally taken up under the Second Placing will be announced prior to the EGM. The Directors of Helesi and their connected parties reserve the right to participate further in the Second Placing. Investor participation in the Second Placing The Second Placing will remain open to enable institutional investors to participate if they so wish. Helesi has retained Panmure Gordon, its NOMAD and broker, to assess demand for additional shares, in particular from existing shareholders of Helesi. Interested investors should therefore contact Ashton Clanfield at Panmure Gordon on +44 (0)20 7459 3600 as soon as possible. The closing is expected to occur following the posting of the Circular, prior to the EGM taking place. Details of the EGM will be contained in the Circular which will be posted to shareholders in due course. Members of the public are not eligible to take part in the Second Placing, which is only being directed at (i) in the United Kingdom, "qualified investors" (as defined in section 86 FSMA) who are persons of a kind described in Articles 19, 43 or 49 of the Order, or (ii) persons who may otherwise lawfully participate. No other person may participate in the Second Placing or rely on any communication relating to it. Placing Price The Board has resolved that the price of both the First Placing and the Second Placing will be EUR0.64 per share. In determining the price the Board has taken into consideration a number of factors including the following points. Helesi has today announced good results for 2008 and the trading performance in 2009 to date has been robust. The Company's share price has fallen sharply over the last 12 months on modest trading volumes, in common with many other companies. The level of gearing has been a concern for some investors; however the directors remain confident that the indebtedness will reduce significantly during 2009. Related Party Transaction Sakis Andrianopoulos, who along with his wife Christina Thanassoulia, control TECMEC AE, currently own 39.5% of the issued share capital of Helesi and are both represented on the Board. Their participation in the Placing therefore constitutes a related party transaction pursuant to the AIM Rules. Following the First Placing, Sakis Andrianopoulos and Christina Thanassoulia will own 45.0% of the Company and assuming the Second Placing is fully subscribed, 39.7%. If the only shares subscribed under the Placings are the 6.250,000 Ordinary Shares for which Sakis Andrianopoulos and Christina Thanassoulia have indicated they intend to purchase, then together they will own up to 49.2% of the Company. There are no implications regarding this increase in shareholding in respect of Cypriot takeover code provisions. The Directors of Helesi (excluding Sakis Andrianopoulos and Christina Thanassoulia) consider, having consulted with Panmure Gordon & Co, Helesi's nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned. Application will be made to the London Stock Exchange for the Admission of the Placing Shares to trading on AIM. The Placing Shares will rank pari pasu with the existing issued Ordinary Shares. Commenting on the Placing, Sakis Andrianopoulos, Chief Executive and Interim Chairman of Helesi, said: "Helesi is a strong, cash generative business. The combination of an EUR87 million investment programme, late receipt of agreed government grants and the effects on our customers of the recession have together meant that net debt has risen to higher levels than we planned or is attractive to public markets. This fundraising will address the issue and leave us with significant headroom." For further information, please contact: +------------------- | Helesi PLC | +44 (0)20 7920 3150 or | | | + 30 210 60 48 393-4 | +------------------- | Sakis Andrianopoulos, CEO | | +------------------- | Apostolos Binomakis, CFO | binomakis@helesi.com | +------------------- | | | +------------------- | Panmure Gordon | + 44 (0)20 7459 3600 | +------------------- | Andrew Godber/Katherine Roe, Corporate | | | Finance | | +------------------- | Ashton Clanfield, Corporate Broking | | +------------------- | | | +------------------- | Tavistock Communications | + 44 (0)20 7920 3150 | +------------------- | Simon Hudson | | +------------------- | Gemma Bradley | | +------------------- |
Posted at 07/4/2009 17:00 by dasv Helesi FY08 net profit after taxes up - Quick Facts 4/7/2009 2:54 AM ET RELATED NEWS Helesi Gets Contract To Supply Municipality Of Athens With Waste Management Vehicles And Equipment - Quick Facts Helesi Sees FY08 Turnover To Be About EUR 67 Mln - Quick Facts (RTTNews) - Helesi PLC (HLS.L: News ) reported full-year 2008 net profit after taxes of EUR 6.6 million or EUR 0.20 per share, compared to EUR 6.23 million or EUR 0.19 per share last year. Profit from ordinary activities was EUR 7.28 million, up from EUR 7.01 million in the prior year. Revenue grew to EUR 66.86 million from EUR 50.69 million a year ago. Further, in the light of the current economic situation and the temporarily high level of Group borrowing, the Board is not recommending the payment of a dividend in respect of 2008. |
Posted at 07/5/2008 13:53 by nurdin GCI article makes an excellent case for buying HLS but falls short of giving earnings estimates for the coming years.Let me fill the gap.Panmure Gordon conservatively estimate earnings of 22.6c (18.2p) for 08,rising to 25.5c(20.4p) in 09.The company is therefore trading on 08 multiple of just 7.4 ,falling to 6.7x for 09.Panmure have a price target of 200p which they argue would bring the rating in line with its peers in the UK and Europe. With extra capacity coming on line and further expansion planned this year, Panmure estmates will prove exteremly conservatibve indeed.Even on current estimates the stock looks screamingly cheap to me and any revisions post an update on progress will probably show the stock trading on a prospective pe of perhaps 5 ! |
Posted at 29/4/2008 09:32 by stockscreeners Helesi's growing Greek trajectory - BUYCompanies: HLS 28/04/2008 In uncertain economic climes, it pays to back businesses whose growth prospects are underpinned by legislative winds. In the case of Helesi, the Greek waste management specialist, its fortunes are thankfully tied to burgeoning EU red tape regarding waste recycling. Wheelie bins are just one of the products from Helesi, which has expanded from its Hellenic base on the back of pervasive government recycling regulations in the more mature markets of Northern Europe, combined with increased waste management demand in the fast-growing economies of Southern Europe and the Middle East. Over the past four years, the group has grown at a compound annual rate of 43 per cent, while recently diversifying from making plastic waste bins into the provision of higher-margin services. Waste bin manufacture is the core business, accounting for two-thirds of sales, with customers spread across more than 50 countries and ranging from municipalities to waste management firms. What might be considered a low-margin, commoditised business is actually nothing of the sort for Helesi, whose designs require less raw material and ensure transport costs are low, to the benefit of margins. Moreover, the acquisition of a tyre recycling business two years ago means Helesi can manufacture wheels for its wheelie bins at a tiny cost. While escalating input costs dented margins slightly in 2007, management was able to mitigate the effect to a two per cent fall by changing the sales mix and selling into higher-margin markets such as the Middle East. However, in recent years, Helesi has been hampered by manufacturing capacity constraints with demand outstripping supply, finance director Apostolos Binomakis admits that the company had to turn away lots of business. In response, last year the company launched an investment programme to dramatically expand its existing facilities in Greece and build a new plant in Italy. This a83 million (£66.5 million) investment outlay, which will see group production capacity swell by 150 per cent, is close to completion. The new plant in Italy is set to start churning out pallet boxes by the fourth quarter, while the Greek wheelie bin facility will be fully expanded by the end of this year. In spite of these production limitations, Helesi beat forecasts with its 2007 financials, which showed revenue increased by 42 per cent to a50 million and profit before tax by 38.5 per cent to a7 million. PYP, a waste management services company acquired in 2006, made its first full-year contribution and was joined by sister firm Perivallontiki, acquired for a10.9 million in November. It is a supplier of specialist vehicles to the waste management industry in Greece and Cyprus. Extra capacity and a full year from Perivallontiki mean sales are forecast to grow considerably this year. Says Binomakis: 'The new capacity will allow us to pursue new markets and take advantage of new leads in certain areas where the margins are very good.' He admits that, although the services arm has '50 per cent visibility' on 2008 revenues, 'the market has not expanded as fast as we would like'. But the Greek government is being pushed by the EU to open up, and its first outsourcing contracts for waste treatment come up for tender in 2009. Forecasts for 2008 from the investment arm of the National Bank of Greece suggest that revenues could rise by 34 per cent and by a further 19 per cent in 2009. Aided by the strong euro, forecasts leave the shares trading on prospective price-to-earnings ratios well below the group's peers. Furthermore, Helesi, which has a10.4 million on the balance sheet and enjoys healthy cash generation, already pays a dividend. Buy. |
Posted at 28/4/2008 20:08 by tole No problemo - just having a dig about for any interesting new articles that catch my eye on the various websites. Noted that this was also a buy tip in the IC a couple of weeks back alongside its finals for what its worth."Helesi is well-positioned both to continue serving the more mature markets of western Europe and build an early mover position in the developing markets of south eastern Europe and into Asia. With strong growth forecast again, and a dividend to boot, Helesi remains a buy at 130p" |
Posted at 14/4/2008 07:26 by dasv Final Results for the year to 31 December 2007 Helesi PLC (AIM: HLS), the Greece and UK based waste management products manufacturer and services supplier announces final results for the year to 31 December 2007 Highlights * Group revenues increased by 42% to Euro50.0 million (2006: Euro35.2 million): o four year compounded annual growth rate (CAGR) of 42% * Net income increased in line with revenues to Euro6.2 million: o four year CAGR of 43% * Recommended final dividend of 1.2 Euro cents per share making a total for the year of 1.8 Euro cents * First full year's contribution from waste management services business PYP acquired in November 2006 * Perivallontiki waste management services businesses acquired in November 2007 for Euro10.9 million successfully integrated into Vehicles and Accessories division * Plant utilisation at production sites in Komotini and Bradford operated at capacity * Euro83 million investment program nearing completion - on budget and over 70% complete: * Strategic focus: increase manufacturing capacity and geographic reach in waste management products, expand waste management services in core territory of south east Europe and prepare the expansion into Asia Commenting on the results, Sakis Andrianopolous, Chief Executive of Helesi, said, "In 2007 we made considerable progress towards achieving our twin objectives of becoming a global player in waste management products and a fully integrated provider of waste management services in the fast growing markets of south east Europe." |
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