Hss Hire Share Discussion Threads

[jonwig] 27/8/2015 15:01

My own warnings about HSS, at IPO and recently, will have gone quite unheeded ... not to worry, I'm no guru but I can read balance sheets.

However, two rather more heeded commentators have spoken today with more or less the same message -

• Paul Scott on Stockopedia,

• A fund manager on Share Prophets. (Yes, I know, but this is a serious article!)

So, apart from the busted balance sheet and flaky business conditions, management are committed to opening new branches apace, whilst also cutting costs?!

As for a recent comment about assets here, they have net assets of £159m, which includes intangibles (mostly goodwill) of £179m.

They don't have forever, either, a senior secured note (£136m) is a 6.75% fixed rate bond maturing in 2019, listed on the Luxembourg stock exchange, and is secured by liens on certain assets. Covenants will be attached to this which could well lead to the note holders pushing the company off a cliff before then.

[anusol] 27/8/2015 14:51

pretty shocking, and I bet the Board weren't expecting this level of hammering given that the news had already been a around since June.
Still too early to be dipping in.

[mikeh30] 27/8/2015 14:41

Where is the bottom here? Just looks ugly at the moment.On watch list

[salpara111] 27/8/2015 14:32

While they have clearly disappointed since listing the business is not about to go bust so the current share price is beginning to look rather silly.

[joseph moran] 27/8/2015 13:08

gone into auction

[seball] 27/8/2015 12:47

I just topped up. Bought in at 80p today can't believe HSS at this level. This is priced to go bust which clearly is not going to happen looking at recent numbers. Expecting strong recovery with cost saving in 2016 and improved business with the roll out of the new stores.

[tsmith2] 27/8/2015 12:42

Tentative strength in bid?As soon as I write that bid gets hit and bid offer starts flickering again HmmNeed to see some decent AT buy trades but v tempted at these levels

[seconduser] 27/8/2015 11:43

Simple explanation.

hxxp://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp

[tsmith2] 27/8/2015 11:32

Directors should be buying aggressively

[peter a] 27/8/2015 11:28

What's dark pool?

[seconduser] 27/8/2015 10:30

Fragmentation yesterday. Get more info if you sign up (it's free).

hxxp://fragmentation.fidessa.com/venuestats/v1/

Over 16% of trades were dark pool, so L2 won't help much. Just have to sit it out.

[tsmith2] 27/8/2015 10:21

Looks like we have some jiggery pokery on bid offer think nearly finished

[tsmith2] 27/8/2015 09:40

L2 anyone?

[dlku] 27/8/2015 09:06

2P BOUNCE THEN 10P FALL IMHO

[tsmith2] 27/8/2015 09:05

Seller being work would be my guess...will move sharply up given the amount of but once it's cleared imo Watching and waiting for share price to start resounding

[peter a] 27/8/2015 08:49

Something is holding the price back as nearly all buys at 80 pence and no movement so far.

[seball] 27/8/2015 08:19

I have bought some today drop well over done here, looking at assets this is undervalued and such a bargain at this price. IMO. Good luck

[patmike] 27/8/2015 08:17

Must be a big seller at 80p here

[deanroberthunt] 27/8/2015 07:52

well it recovered slightly late on.....if ii had fallen hard after 3 that would have been particularly bearish.

[tsmith2] 26/8/2015 16:30

bizzare how its just flatlined from around 1pm today despite the vol of buys..

[tsmith2] 26/8/2015 14:16

Large sells in background? Movement after 3-3:30 will be interesting

[deanroberthunt] 26/8/2015 13:47

worth a punt at 80p.............so I'm in

[salpara111] 26/8/2015 13:45

180p is going to be a very long wait I suspect!
I am only continuing to hold as the share price is now so bombed out that there is a real possibility that they could even be taken private again.
If I were a private equity firm I would offer 105p for a 50% discount, monkey around with the business for a few years and then relist it at 210p again.