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HERC Hercules Site Services Plc

33.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 33.00 792 07:30:33
Bid Price Offer Price High Price Low Price Open Price
32.00 34.00 33.00 33.00 33.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Heavy Construction, Nec 84.67M 770k 0.0121 27.27 20.93M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:05:39 O 554 32.016 GBX

Hercules Site Services (HERC) Latest News

Hercules Site Services (HERC) Discussions and Chat

Hercules Site Services Forums and Chat

Date Time Title Posts
11/3/202411:45::: HERCULES SITE SERVICES LTD :::67

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Hercules Site Services (HERC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:05:4032.02554177.37O
10:36:3132.028326.57O
09:02:0632.0215449.30O
09:00:3933.9510.34O

Hercules Site Services (HERC) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Hercules Site Services Daily Update
Hercules Site Services Plc is listed in the Heavy Construction, Nec sector of the London Stock Exchange with ticker HERC. The last closing price for Hercules Site Services was 33p.
Hercules Site Services currently has 63,422,415 shares in issue. The market capitalisation of Hercules Site Services is £20,929,397.
Hercules Site Services has a price to earnings ratio (PE ratio) of 27.27.
This morning HERC shares opened at 33p
Posted at 11/3/2024 11:40 by edmonda
Yes a solid update, and a good first full year as a listed company for with FY’23 results well ahead of expectations.
In our view, the rating of Hercules’ shares is yet to reflect the Group’s growth momentum and our Fair Value/share remains 55p.
See new research note out today:
Posted at 05/2/2024 15:29 by yasxii
One draws attention to post 47 where the Gracious Fellow suggests readers should research this outfit, however, do not take too long as share price appreciation has started.

The Gracious Fellow does not usually take notice of flimsy broker targets, in this case 55p, however there are exceptions to the rule.

Rarely has the Gracious One seen such an opportunity, buyers to the fore.
Posted at 05/2/2024 14:54 by mrmcnee
Moving up now on the back of this new interview, CEO talks big project numbers towards the end and HERC look to benefit, the shares are very cheap.

Only 13% of the 62m shares in free float.

I can see that 50p+ broker target coming PDQ.
Posted at 04/2/2024 17:36 by yasxii
The Gracious Fellow suggests readers complete some material research on this outfit, the numbers are very impressive, the market has yet to wake up to the chronic undervaluation.

Volume, albeit from low levels, is already building, the share price will shortly follow.

You can thank the sagacious one later.
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 01/2/2024 21:43 by mrmcnee
Did not know that free float is so small, only 13% of those 62m shares are available for trading.

That means the price could move up disproportionally on very low buy volume.

Current price seems an excellent entry point.
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 17/10/2023 07:40 by edmonda
"Positive year-end update, ahead of expectations"

A positive year-end update from Hercules confirms a strong conclusion to FY23, ahead of expectations. It has been another year of excellent organic revenue growth (+60% at Group level), with progress in all three divisions. This continues an impressive track record (average revenue growth over past three years >50%) and Hercules enters FY24 with momentum.

Hercules expects both its revenue and adjusted EBITDA for FY23 to be ahead of market expectations. Revenue is expected to be > £80m, representing an upgrade of at least 8% to previous expectations. We assume a similar uplift to our EBITDA forecast of +8% to £3.7m.

The overall performance has again been driven by the core Labour Supply business, which benefited from the ramp-up of the multi-year HS2 Phase 1 contract (London to Birmingham). In Civils, the Group is benefiting from increasing investment in the water sector, as illustrated by the £3.1m of contract awards announced on 20th September. Meanwhile, the Suction Excavator business continues to see solid utilisation rates, having expanded by 14 vehicles over the period to create one of the largest fleets in the country.

To us, the Group’s strong growth trajectory and forecast free cash flow (double digit FCF yield) suggest significant value in the shares. Our Fair Value per share of 60p represents a 7.5% FCY yield on prudently positioned FY25 forecasts.
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 profit
FINANCIAL 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.
Hercules Site Services share price data is direct from the London Stock Exchange

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