Helesi Share Discussion Threads

[gac100] 17/9/2008 08:45

Interims were released 10 Sep last year, so this year's should be out any time soon. Perhaps a slight delay is to be expected with the death of the chairman and a number of board changes in the past few weeks. Anybody have a date?

[simon gordon] 03/9/2008 11:47

Daily Mail - 3/9/08:

'Householders could be forced to share wheelie bins because of shortages caused by soaring demand on the Continent.

Councils around the country have seen their stocks decline but have been told their suppliers are working at full capacity.

The shortfall has affected both large green wheelie bins and the smaller black recycling bins.'

[johnsoho] 01/9/2008 09:56

Its just been announced that the Non-Executive Chairman, Roger Parsons,has died. He was chairman of Helesi remuneration committee and a member of its audit committee.

[gac100] 29/7/2008 18:45

According to "Armshare":

"The company broker's note dated 29th July projects EPS of 16.5p for 2008 and 19.1p for 2009 representing P/Es of 7.5 and 6.5 respectively based on the share price of 124p at 29th July."

The previous note (14th April) forecasted EPS of 16.3p for 2008 and 17.9p for 2009.

[dasv] 29/7/2008 08:31

my one concern was the impact of the oil price on their raw material cost - so I'm very pleased their margins have not been affected:-

"HDPE, the Company's principal raw material, increased to an all time high in the period. However this has not impacted margins materially, as the Company has been able to pass on these costs"

[gac100] 29/7/2008 08:16

Solid trading statement

[dasv] 03/6/2008 16:03

if breach of 140 can be sustained then I'd expect next resistance to be 150 then 160.

[cockneyrebel] 03/6/2008 15:45

On the move up, so cheap, and not far off a break out.

CR

[cockneyrebel] 12/5/2008 13:58

Breaking out on pathetic volume - a couple of chunky buys and these could be running away - incredibly cheap -and the waste sector - geeze, I can see how that sector will ever decline.

CR

[stockscreeners] 08/5/2008 10:34

slowly but surely.

[nurdin] 08/5/2008 10:23

Nice 30k buy earlier.....seems these are being noticed slowly

[chester] 07/5/2008 15:44

Inverted Head and Shoulders anyone ? If correct , target area 155p

[cockneyrebel] 07/5/2008 15:28

Screamin cheap Nurdin - I think some stock is clearing too.

Bid creepin up

CR

[nurdin] 07/5/2008 13:53

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 !

[stockscreeners] 29/4/2008 09:32

Helesi's growing Greek trajectory - BUY
Companies: 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.

[stockscreeners] 29/4/2008 09:17

GCI following with a buy.



added a few more long.

[tole] 28/4/2008 20:08

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"

[cockneyrebel] 28/4/2008 19:52

Cheers Tole

CR

[tole] 28/4/2008 19:14

GCI update tonight.



Helesi's growing Greek trajectory
BUY 28/04/2008

[cockneyrebel] 28/4/2008 14:01

Earnings this year likely to be up a lot imo, no dilution this year. Q4 should be interesting too.

CR

[cockneyrebel] 21/4/2008 18:53

you should have kept hold hedge/stock/hunter/screener.



CR

[stockscreeners] 21/4/2008 12:40

hmm looks interesting as a long.

who started this thread...

old hedgy i wonder how hes going on.......... smile.