Hss Hire Investors - HSS

Hss Hire Investors - HSS

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Stock Name Stock Symbol Market Stock Type
Hss Hire Group Plc HSS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
1.00 5.26% 20.00 16:35:27
Open Price Low Price High Price Close Price Previous Close
18.50 18.50 19.50 20.00 19.00
more quote information »
Industry Sector

Top Investor Posts

red ninja: It has been tipped by "Investors Champion" as below :- hxxps://www.investorschampion.com/channel/blog/aim-new-arrival-swiftly-achieve-a-bonkers-valuation They state :- "We hope HSS will go onto achieve the sort of success enjoyed by Volex (LON:VLX), whose shares have climbed more than 400% since moving to AIM from the Main Market in January 2018."
97peter: The MM’s have manipulated the market today!!! I bought: 225,000 at 1402 hours today on Interactive Investor 261,500 at 1530 hours today on II. Neither is showing in LSE or ADVFN Why? Why?
dealy: I think we have a sort of overhang here from a few investors who a) bought the open offer shares for a short term flip and/or b) can't hold AIM shares.Hopefully this will be completed shortly
baddeal: Dealy your maths is wrong. c740 shares at say 12 p/share is £90m market cap. Don't know where you get 27pps from. Virtually none of the small investors took up their entitlement which says a lot. Most have already suffered a 95% loss and yet same chair and none execs will be at the egm today!Numis will do their best to flog out the rest today I'm sure but none of the original institutions will go near it imho.Fundamentally this business doesn't generate the margins to deliver a cash return that's why it has struggled. It is entirely dependant upon delivering top line growth and clearly that hasn't happened this year. This equity raise saves them from a debt default and buys some more time but there is no compelling equity story in my view other than a take private at a small premium by tosca et al and then trying to replace expensive debt with more equity and lower cost bank debt to improve cash generation.
kingston78: Cash is king. Where is the cash? None. Huge borrowings and enormous amount of worthless intangibles. Where is the Company going? Nowhere really other than trying to mislead investors who don’t understand accounts. Depreciation and amortisation are an integral parts of the Profit and Loss account with a real cash flow consequence and yet the BOD concentrated on EBITDA. The BOD are misleading investors.
kingston78: The market likes the strategic review because it is hitting the right notes, but in my opinion, it is not good enough. Firstly, I want to point out that the directors are misleading investors by saying that they have returned the company to operating profit. As you know depreciation and amortisation are a large and integral part of the company's costs, but the company wants to focus on EBITDA. Operating profit should include depreciation and amortisation. Furthermore, interest is a real cost and needs to be paid. Identification of an additional cost saving is welcome but the amount, even if achieved, is not earth shattering. Net debt is sky high. All the efforts made will only chip away the debt mountain slowly. Short-term investors may do well by trading the shares, but long-term holders will gain little, as there is no dividend and any economic slowdown will negate the "promising views" being made. Of course, the new CEO wants to take credit. However, partial disclosure of financial statements without a detailed Profit and Loss Account, Balance Sheet and Cash Flow Statement is biased. If they show the full picture you may be horrified to see a bottom line loss, an indifferent balance sheet with huge debt and poor cash flow just to make ends meet. I am appalled by many companies' stance of only disclosing partial financial statement for interim reporting. The standard of disclosure is simply not high enough.
rumbers2: Speedy Hire could make an opportunistic bid for HSS, analyst suggests Neil Wilson, senior market analyst at ETX Capital said while Steve Ashmore (HSS Hire Chief Executive) is trying to turnaround the business, conditions remain challenging and investors are losing patience. The analyst added that perhaps it may be time to revive talks for a merger with Speedy Hire, which has made a recovery following a troubled few years with pre-tax profit of £14.4mln last year on a 12% increase in revenues. In its latest trading update Speedy said full-year results would be well ahead the previous year. “Diverging fortunes could bring the two together after a failed attempt back in 2015,” said Wilson. “An opportunistic bid could work, particularly with the market cap of HSS temptingly low.”
rumbers2: From Motley Fool: Shares in equipment hire firm HSS Hire Group (LSE: HSS) fell by more than 5% this morning, despite the firm’s assurances that Q1 trading was in line with expectations. I suspect that investors selling the shares are concerned about the group’s debt situation. The firm announced the appointment of a new chief financial officer today, alongside news that its net debt rose from £218m to £234m over the last three months. Based on the firm’s 2015 results, this means that HSS’s net debt is worth more than the £183m value of its property, plant and equipment. The firm’s net debt of £234m is also nearly 20 times this year’s forecast profit of £12m. These figures suggest to me that HSS could find it difficult to repay or refinance its borrowings. A rights issue or placing to make the firm’s debt more sustainable is a definite risk. For this reason I don’t think HSS is an attractive buy at the moment. The shares could have further to fall.
rumbers2: Sky news latest; Two of the UK's biggest tool and equipment hire groups have abandoned secret talks about a £300m merger after a boardroom bust-up prompted two directors to quit. Sky News has learnt that HSS and Speedy Hire had been in preliminary discussions about a tie-up until last month. A deal is understood to have had the backing of a number of the largest shareholders in both companies, which have been hit by a string of profit warnings during the course of this year. However, two Speedy Hire non-executive directors, Chris Masters and James Morley, are said to have opposed the merger, triggering their exit from the company's board. Insiders said on Thursday that Speedy Hire was now lining up Bob Contreras, the chief executive of van rental group Northgate, to replace one of the departed directors. A second new director is also in the process of being recruited. Mr Masters is understood to have been pushing for the ousting of Speedy Hire's chairman, Jan Astrand, a move which angered boardroom colleagues and some of the company's leading investors. Sources said they were hopeful that the resolution of boardroom tensions would lead to a revival of the merger discussions, which could generate substantial cost savings. HSS floated on the stock market earlier this year, with the shares being sold for 210p. However, a number of profit alerts and the exit of its chief executive has sent its value spiralling downward, despite the fact that it should demonstrate respectable growth figures during this financial year. On Thursday its shares, the majority of which continue to be held by Exponent Private Equity, were trading at roughly 51p, giving it a market value of just £80m. Speedy Hire has seen its shares lose more than half their value over the last 12 months, and it now has a market capitalisation of just over £180m. It has blamed its woes on a range of issues, including a lack of equipment, disruption caused by poor IT systems and a mistaken focus on larger clients at the expense of smaller ones. Both companies specialise in leasing tools and equipment such as generators, pumps and concrete mixers, and analysts believe there is considerable logic in combining them. Rothschild and Investec are understood to have been advising Speedy Hire on the early-stage merger talks, with HSBC advising HSS. Both HSS and Speedy Hire declined to comment.
my retirement fund: This flotation was marketed at private investors so there will be a lot of them really hurting now. From memory private investors were awarded their full allocation up to 100,000 shares. Imagine the losses some are sitting on now! I think the last post is spot on, given how precarious the setup is here, it would be foolish to gamble on this unless it were possible to follow those with the correct inside knowledge to be buying the equity. IE directors!
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