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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hercules Site Services Plc | LSE:HERC | London | Ordinary Share | GB00BPVBVZ82 | ORD GBP0.001 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.75 | -1.66% | 44.50 | 29,134 | 14:00:24 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 44.00 | 45.00 | 45.25 | 44.50 | 45.25 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Heavy Construction, Nec | 84.67M | 759k | 0.0120 | 37.08 | 28.7M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:27:30 | O | 5,543 | 44.90 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 09/10/2024 | 10:59 | ALNC |  Hercules Site expects to easily beat full-year market expectations |
| 09/10/2024 | 07:00 | UK RNS | Hercules Site Services PLC Trading Statement |
| 07/10/2024 | 12:01 | UK RNS | Hercules Site Services PLC Holding(s) in Company |
| 02/10/2024 | 17:14 | UK RNS | Hercules Site Services PLC Holding(s) in Company |
| 02/10/2024 | 17:06 | UK RNS | Hercules Site Services PLC Holding(s) in Company |
| 02/10/2024 | 11:01 | UK RNS | Hercules Site Services PLC Holding(s) in Company |
| 01/10/2024 | 10:00 | UK RNS | Hercules Site Services PLC Total Voting Rights |
| 30/9/2024 | 10:33 | UK RNS | Hercules Site Services PLC Result of General Meeting |
| 12/9/2024 | 10:28 | UK RNS | Hercules Site Services PLC Holding(s) in Company |
| 11/9/2024 | 15:54 | UK RNS | Hercules Site Services PLC Holding(s) in Company |
Hercules Site Services (HERC) Share Charts1 Year Hercules Site Services Chart |
|
1 Month Hercules Site Services Chart |
Intraday Hercules Site Services Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 09/10/2024 | 13:42 | ::: HERCULES SITE SERVICES LTD ::: | 78 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 14:27:31 | 44.90 | 5,543 | 2,488.81 | O |
| 12:32:37 | 44.36 | 10,000 | 4,435.51 | O |
| 12:28:32 | 45.50 | 22 | 10.01 | O |
| 12:28:07 | 45.01 | 5,000 | 2,250.38 | O |
| 12:27:51 | 45.00 | 5,860 | 2,637.00 | O |
| Top Posts |
|---|
Posted at 09/10/2024 11:37 by edmonda "Trading well ahead of expectations"Link to new research note: A strong year end update from Hercules this morning confirms another period of impressive organic revenue growth, well ahead of expectations. This prompts 11% upgrades to our revenue and adjusted EBITDA forecasts, sustaining recent momentum into the new financial year. Hercules is led by an entrepreneurial and ambitious management team with additional firepower - following last month’s £8m fundraise - to take advantage of opportunities as they arise. Hercules expects to report another record year, with revenue, adjusted EBITDA and adjusted PBT for FY24 all well ahead of market expectations. Revenue is expected to be over £105m, an increase of 24% year on year. For us, this prompts 11% upgrades to revenue and adjusted EBITDA forecasts, and a 55% upgrade to adjusted PBT, albeit from a low base. Each of Hercules’ core divisions has delivered organic revenue growth. The Group’s markets (infrastructure and construction sectors) have been supportive but not without challenges. The performance has been underpinned by Hercules’ own growth initiatives (e.g. the launch of the Hercules Construction Academy) and an ability to respond to opportunities as they arise. We share the confidence shown by recent supporters of the fundraise and see scope for further operational outperformance as FY25 progresses, with M&A being an obvious potential earnings and share price catalyst. We increase our Fair Value / share estimate from 60p to 70p. |
Posted at 09/10/2024 09:02 by bazzer1000 And still below placing price. |
Posted at 09/9/2024 08:11 by edmonda HERC raises £8m to strengthen the Group’s balance sheet and support future growth ambitions.With a strengthened balance sheet, it looks well positioned and Equity Dev raises their Fair Value from 55p per share to 60p - read/hear their new note: |
Posted at 25/7/2024 09:51 by edmonda Today's business update from HERC follows upbeat interim results in June: Labour supply (the largest division) reports more success; Civils Projects is an attractive sector too given need for huge investment.Equity Development have new research out and retain a 55p/share Fair Value, and highlight a 4.7% dividend yield. Read full note here, free access: |
Posted at 03/6/2024 07:58 by edmonda "Excellent H1 performance, well on track for full year" (new research report)Hercules’ H1 results confirm another excellent performance culminating in record revenues, EBITDA and PBT. The Group is on track to meet market expectations for the full year. All three businesses reported double-digit growth for H1, benefiting from underlying market demand, Hercules’ investment in new service lines and technology, as well as a maiden contribution from the Future Build acquisition. Contract momentum continues, with over £5m in civil projects and new framework agreements signed with Costain and Hill Group. The integration of Future Build is progressing well, and the Hercules Construction Academy is already developing a reputation for first class training. Importantly, H1 was a period of strong operational cash generation, supporting an interim dividend of 0.6p per share. The outlook statement indicates that Hercules is on track to meet market expectations and anticipates further strong demand for the Group’s services. We also take confidence from recent market indicators with April’s PMI survey highlighting the strongest pace of expansion since February ’23. In our view, Hercules is a business with good trading momentum, an ambitious management team and a focus on the most attractive segment of the construction market. We see scope for forecast outperformance in the second half, note the attraction of a 4.7% dividend yield, and reiterate our 55p Fair Value / share estimate. Link to research: |
Posted at 13/5/2024 07:44 by edmonda "Further good growth in H1, in line with expectations"Hercules’ H1 trading update confirms another period of strong growth, in line with expectations. Revenue in H1’24 is expected to be over £47m, an increase of c.27% over H1’23. This represents c.50% of our FY’24 forecast (£94.7m), suggesting the Group is well on track at the half year stage. All income streams grew, underpinned by substantial demand from the infrastructure sector, as well as the Group’s own growth initiatives. Contract momentum remains positive, and we note an encouraging trend in recent industry data. Recent contract successes included over £5m in civil projects and the significant new framework agreement with Costain. UK Construction industry data (PMI) was also positive in April for the second month running, suggesting a more supportive environment overall. We look forward to further details in the interims on 3rd June and retain our Fair Value / share estimate of 55p. Link to note: |
Posted at 02/2/2024 11:48 by edmonda Hercules Construction Academy Launch - new report available here: Hercules officially launched its Construction Academy on 31st January at an event attended by c.150 industry partners, education professionals, local politicians and Hercules employees. This is the culmination of an ambitious plan to address the significant skills shortage in the construction industry and support major infrastructure projects across the Midlands. The Academy aims to train up to 400 entrants in its first year, making a valuable contribution to local skills and career prospects and underpinning Hercules’ own growth ambitions. In our view, Hercules’ share price performance does not reflect recent strong progress. Our Fair Value / share estimate is 55p, representing an FY25 EV/EBITDA rating of c.11.5x. |
Posted at 22/1/2024 00:43 by melloteam Just to let shareholders and prospective investors know that Hercules Site Services will be presenting on the MelloMonday webinar on Monday 22nd January 2024, starting at 5pm. Programme: 5:00pm Paul Hill presents “Where the markets are wrong & how to profit?” 5.30pm New IPO…Tertre Rouge Assets (TRA) 6:10pm Company presentation by Hercules Site Services (HERC) 6:50pm Educational Session 7pm Company presentation by Good Energy (GOOD) 7:40pm BASH Panel with Kevin Taylor (JNEO), Mark Simpson (NXQ) and Richard Crow (AVON) There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions. Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. |
Posted at 16/1/2024 09:45 by edmonda "Strong conclusion to FY23, positive start to FY24" (new research note from Equity Development)Hercules has reported strong full year results, with profits well ahead of our expectations. Against a supportive backdrop for infrastructure investment, we believe momentum is building and a positive outlook statement anticipates another year of growth in FY24. We reflect this in our revenue forecasts, whilst noting that an increasing interest charge will reduce profits in the short term. All three divisions contributed to the strong growth in FY23, but Labour Supply remains, by some distance, the largest element of the Group. This division accounted for 75% of Group revenue and 65% of gross profit whilst also delivering the strongest revenue growth in FY23 (+92%). This was driven in particular by additional demand under the Balfour Vinci JV contract on HS2 (London to Birmingham), which still has several years to run. The outlook statement strikes a positive tone, highlighting new revenue streams which should make a positive impact in FY24. Further organic progress therefore looks well underpinned and November’s Future Build acquisition (Hercules’ first deal) adds another leg to the growth story. Hercules trades on a FY25 P/E rating of c.16x and a dividend yield of 7% with scope for good earnings growth over the medium term. Our new Fair Value / share estimate is 55p (from 60p), representing a FY25 EV/EBITDA rating of 11.5x Link to report: |
Posted at 30/10/2022 16:19 by masurenguy MIDAS SHARE TIPS: Hercules Site Services is a giant that finds workers for rail and road projects and could build your profitFINANCIAL MAIL ON SUNDAY: 30 October 2022 Back in September 2021, the Government pledged to spend £650bn on infrastructure projects across the UK, from hospitals to roads to power stations. Much has changed since then but we are still in urgent need of investment in schools and hospitals, enhanced transport links and a more secure energy system. All this activity requires not just billions of pounds but also thousands of workers. The construction industry already employs more than two million people but researchers predict that it will need at least 250,000 more by 2026. Hercules Site Services is helping to bridge the gap. The company joined the AIM market last February at 50.5p a share. The stock has since fallen to 42.5p, but the price should recover and then some as chief executive Brusk Korkmaz flexes his muscles and shows what Hercules is made of. Ten years ago he founded Hercules from his bedroom, sourcing and supplying construction workers for contractors. The company has grown consistently since then, providing top businesses such as Balfour Beatty, Kier and Skanska with workers ranging from bricklayers, plasterers and pipelayers to engineers, foremen and supervisors. From the start, Hercules has had a digital slant, using technology to make the recruitment process as simple and effective as possible. In 2019, Korkmaz went one stage further, creating the Hercules app which allows users to find out instantly about jobs that are relevant to them and in their local area. More than 7,500 workers have registered with the app and numbers are growing fast. Hercules vets applicants and – once they have been approved – Korkmaz and his team make it their business to keep app users in work. Several hundred are already busy on the HS2 railway project, with others laying fibre cables in Kent, upgrading the M42 near Birmingham and fixing waterworks in London. Hercules aims to ensure that workers can move seamlessly from job to job, without having to travel far from home. And, even though labourers are contracted out to big building firms, Hercules takes charge of paying them and looking after them. Korkmaz takes this part of the business particularly seriously, ensuring that workers receive a decent wage and are paid on time. He also sends mobile health and wellness units to various sites offering medicals, hearing and eye tests, even lung function analysis and wellbeing assessments to anyone who wants them. Korkmaz is a real advocate of inhouse training as well, intending to open a specialised academy in Nuneaton, Warwickshire, next year to attract new workers into the construction industry and help existing labourers to learn new trades. Planning applications have been submitted and local authorities are keen so there are high hopes that Hercules will receive the green light within the next few weeks. Labour supply accounts for some 75% of Hercules' revenues, but the group also offers contractors help with individual projects, managing and delivering them from start to finish where needed, often using topnotch technology to complete jobs efficiently and at low cost. The firm has one final string to its bow, providing specialised kit to construction sites, particularly suction excavators, big machines which make below ground excavation safer, faster and much more effective than traditional, more manual methods. Figures for the year to September 30 will be announced next January but, earlier this month, Korkmaz said revenues would be more than £45m, up around 38% ahead from 2021, while profits are likely to show strong growth too. Unusually for a small, AIM-listed business, Hercules pays a dividend as well, with 1.7p offered to shareholders for the year to last September and payments expected to increase steadily in line with profits. Midas verdict: Based just outside Cirencester, Hercules is a fast-growing UK business with robust long-term prospects. Britain's infrastructure is creaking at the seams, several projects are already under way and more should follow. Hercules can supply these schemes with trained, local labourers and specialised safety kit. At 42.5p, the shares are a buy. |
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