Hss Hire Share Discussion Threads

[2pigshit] 03/8/2023 16:47

Anybody think it's going the same way as wilko

[qsmeily456] 07/6/2023 16:48

🩳🩳 the 💩 out of this....

[2pigshit] 17/5/2023 08:10

Strange philmac bid goes down each day but the ask stays the same ex divi date not till next month so can we expect back to 12p9

[philmac56] 15/5/2023 16:30

Indeed, we are tracking back down

[1derwent] 15/5/2023 16:12

Well we are slowly moving south probably test 14 this week philmac

[philmac56] 09/5/2023 16:36

Well we are slowly heading north.
Let's test 16+ this week

Gla

[philmac56] 01/5/2023 21:36

Well if it includes HSS, let's hope for 25p+++

[hybrasil] 01/5/2023 20:16

Consolidation in this sector would make aense

[rescuer] 28/4/2023 12:48

about spot on baddeal.

I looked at these last year, particularly for the Power Fleet.. all looks great on paper, but the Power Fleet has an ave age of 9 years..

one of my old Ashtead associates looked at these as a potential takeover candidate... but again found the high ticket gear is very old.. (power generation).

still watching tho, as there maybe some consolidation in this sector this year.

[abergele] 27/4/2023 10:36

Makes sense what you say there,,
but has this forgotten whammy just dropped in after results that directors et all get freebie shares now for their efforts..what about the shop staff etc.

I believe about £1.6m dilution of profit,thereabouts,,or have I got that completely wrong? tia for any correction.

[baddeal] 27/4/2023 10:28

Capex is mainly the replacement of obsolete rental fleet. Balance sheet shows c180m gross so assuming avg 6 yr life that's 30m pa and they are saying they spend c5m on IT. So 35m capex to keep as is. If they want to grow rental income then they need more assets ie more capex or do it through price - good luck with that given their customer base.If they don't spend the capex they can't sustain their rental revenues and will eventually either have to catch it up or will lose turnover.It's the great issue with these types of businesses. 21% ebitda margin isn't enough on short life assets.Remember HSS sold its higher returning long life asset businesses ie ukp and all seasons with the exception of its power fleet and most of that is probably 8-9 years old The reality is this is a long slow transfer of value from EV to equity value unless mgmt come up with a new plan.Imo leverage is too low and they have pandered to the mkt to de lever instead of using what was cheaper debt. They've now missed that ship. But hey what do I know!

[abergele] 27/4/2023 08:23

Baddeal and Q,
Well said,
lets hope this is the year they can rest a bit on their Lorels..g.l.all

[qs99] 27/4/2023 08:20

My issue with HSS is the capex spend each year to drive EBTIDA

How long before they stop replenishing and make some hay (outside of new kit to cope with increased revenues)?

When as baddeal says above, will revenue growth produce much better operational leverage?

DYOR

[baddeal] 27/4/2023 08:18

These result demonstrate the challenge of HSS in a nutshell. £30m revenue growth and less than £2m ebitda growthTrading on 2x ebitda - to think the market floated it at 7x...

[abergele] 27/4/2023 07:59

We are getting that push here now we so deservedly deserve for waiting, I'm still underwater,but investing has it's ups and downs whatever the share,

Ahhhh,
Two lovely places,Llanelli and Barmouth,
Happy memories of holidays when down that far of Wales and Mid-Wales,we are lucky eh.

[1derwent] 27/4/2023 07:51

Now living in barmouth

[dealy] 27/4/2023 07:44

or PE of 5

[qs99] 27/4/2023 07:40

So EV/EBITDA of about 2?

[philmac56] 27/4/2023 07:38

Results.
Well they are a day early, quite impressive.

A good forward looking vision also.

A divi.

Now to head back to 20p

[blackhorse23] 27/4/2023 07:18

Switched to HVO

[abergele] 27/4/2023 07:04

Philmac,
Yes,,born in N/Wales,,worked here and shall end my days here,but as almost as all their families the children, and mine move away to England for work,,,good luck today..

[philmac56] 26/4/2023 19:54

Abergele..
Hopefully.

U from North Wales, as the clue indicates...

[abergele] 26/4/2023 18:39

Well we look to be on our way to 14p at least yet again..

gl all Lth's