Hss Hire Share Discussion Threads

[wigwammer] 07/3/2024 10:44

True that it has been in a downtrend for years. But also true that it has never traded at this low valuation before. Could well be a sticky situation for naive shorters who don't understand valuation.

[2pigshit] 07/3/2024 10:44

On today's valuaatiom6 they have sold bout 35 percent of it

[2pigshit] 07/3/2024 10:39

Look at the share price are you blind on downward trend for years no matter what they do

[pre] 07/3/2024 10:36

oh really, extract from rns:

Following the Disposal, net debt on a non-IFRS16, pro-forma basis as at 30 December 2023 will reduce to approximately £37 million. The combination of a stronger balance sheet and a more streamlined business will enable greater focus on the Group's transformational strategy to become a leading marketplace for equipment services through a technology-driven, lower-cost operating model.

[pre] 07/3/2024 09:59

Forgot to add, balance sheet is strengthened too, so that’s great news

[fevertreeman] 07/3/2024 09:57

Really irritates when management teams try to play games with shareholders. FFS don't give us the enterprise value ie including debt....How much of the bloody £23.25 million is cash!!!!!!!!!!!!!!!!! Cash that is being used to pay down debt...if it is sfa to jam tart then say so...Not good enough

[pre] 07/3/2024 09:57

Market thinks otherwise, debt right down and so that will mean lower interest payments going forward and business model realigned to future business needs

[fevertreeman] 07/3/2024 09:54

Liked the announcement but I thought they should have been more transparent

[baddeal] 07/3/2024 09:36

Well they've now sold all the good parts so just the original loss making HSS business left which generates virtually no cash....visionary management on display

[qs99] 07/3/2024 08:17

Key is debt is now much more manageable.

If that part was low/no growth or declining then why not take the cash and concentrate on your strategic focus?

DYOR

[mjneish] 07/3/2024 07:54

Unless sales going forward were not expected to be good (hence the sale).

[pictureframe] 07/3/2024 07:35

selling at less than 4x profit isn't exactly a great price

[qs99] 07/3/2024 07:24

Decent update IMO....DYOR Net Debt now down to £37m making 2pigs statements now increasingly ridiculous

EV c.£100m then, so all depends what regular EBITDA it can chuck off, views?

DYOR

[kingston78] 28/2/2024 08:40

The company will be taken over

[2pigshit] 27/2/2024 23:52

It's bouncing into oblivion

[kingston78] 27/2/2024 21:57

The share price has now reached the bottom, as it was bouncing up today gently.

[2pigshit] 27/2/2024 09:04

This is surely going bust

[2pigshit] 29/1/2024 18:49

Was that why Ravensworth bought another shed load and why didn't hss issue an rns about selco who are part of the grafton group who turnover more than 2 billion are they going to buy it on the cheap share price at an all-time near low

[philmac56] 28/1/2024 12:31

Mjneish.

Hope it brings business in & helps the bottom line

[2pigshit] 04/1/2024 19:10

OK baddeal what r your thoughts then

[2pigshit] 04/1/2024 12:05

Just getting a response Ravensworth bought a similar amount last Jan and the ceo bought a chunk but this has gone downhill since and no good news hope things pick up here for the few remaining private investors got me doubts

[baddeal] 04/1/2024 10:50

Well clearly ravensworth don't..