Hss Hire Share Discussion Threads

[philmac56] 26/6/2024 07:11

Well that RNS, was a waste of time.

Very little in that for shareholders.

I understand from it that funds will be in line with market expectations, alas nothing about the loss of the AMEY contract, as if it bears no significance on the CO!

Gla

[2pigshit] 24/6/2024 16:19

Significant news soon

[2pigshit] 22/6/2024 12:06

See what happens Wednesday update and agm

[kingston78] 22/6/2024 09:19

A 10% loss in EBITA should not translate into a 36% loss in share price from nearly 11p to 7p. On the other hand Speedy Hire was already rising from 24p before the announcement of the Amey contract. It would appear to me that some investors were selling HSS and buying Speedy Hire in the last few months.

[baddeal] 20/6/2024 21:10

It's actually 10% ebita not 10% ebitda

[fevertreeman] 20/6/2024 14:49

Kingston78

I actually disagree- the share price has dropped because no one was aware how big the Amey contract was. And 10pc EBITDA is a bloody big number in the context of this sector

[fevertreeman] 20/6/2024 14:47

More questions for our management team: the zero-carbon eco-push by Speedy looks to be working. So did they just tender lower? Or was it also our product portfolio not being eco or up-to-date enough? I feel very strongly that the CEO need to come out swinging hard because theAmey contract loss has injected considerable uncertainty into investors minds about whats happening at HSS

"Speedy Hire will provide non-operated plant hire to Amey's operations on a range of sector contracts including rail, highways and public estates, a significant proportion of which consists of innovative eco-products, including H-Power Generators from Speedy Hydrogen Solutions and battery storage units from Green Power Hire."

[kingston78] 20/6/2024 10:37

Speedy Hire must have tendered a lower price in order to win the contract. HSS will have to look for new customers to replace this lost contract.

Speedy Hire's share price has recently risen from 24p to 32p today. HSS has fallen from 14p to 7p level in the same period. The loss of the Amey contract (10% EBDITA to HSS) does not warrant such a huge drop in its share price.

[parob] 20/6/2024 09:51

SDY Speedy Hire won the Amey account. Announced today

[philmac56] 19/6/2024 12:43

Fevertreeman.

Those stats at the end of your post says it all.

Yes, he has some explanation to put forward, alas us little minnows will be little thought of.

Gla

[fevertreeman] 19/6/2024 10:39

Market seems to like Speedy Hire's FY results today, despite IMO being nothing to shout about bar decent cash and a held dividend and yet there continues to e a stark difference in performance, despite our CEO's vaunted tech heavy, asset lite model supposedly being the way forward. its all very well him trumpeting how much progress he has made flogging off revenue and profits, but seriously the market continues to be mightily unimpressed doesn't it? He's going to have to explain why his bullishness is not shared by investors, esp in light of the shock loss of Amey contract (who even knew it was this bloody big)

The lack of support for HSS is stark in terms of recent share price performance vs Speedy:
HSS SDY
1 month -18.6% +2.1%
3 month + 1.0% +18%
6 month -29% -7%
1 Year -39% -5%

[2pigshit] 14/6/2024 14:11

Let's wait and see agm and update in the meantime down about a penny since news of contract

[baddeal] 14/6/2024 09:56

They sold the power business (and got very little for it) because over the last 8 years they failed to invest in new fleet and don't want to prioritise the cash into generators.Amex was 90% rehire contract so will hit mainly their services numbers - it's the area they have always trumped as being the growth story - not any more!Worry is they will now chase another large volume deal on price and get caught up with more poor margin business.Quested - I guess he had enough. Ashmore - 7 years (longer than any previous ceo) share price 70p to 7p. Sold off all the best parts of the group leaving the rump tools business which makes no sense money, and pocketed 2m bonus last year!Rest of the board -dinosaurs....

[fevertreeman] 14/6/2024 08:16

MJNeish,

Excellent points, well made! Ashmore & Quested have a lot of explaining to do at the AGM. Numis their brokers were clearly equally blind-sided by the announcement and scrambling to get an explanation as the calls came in from investors, including from me....Something doesn't add up.

The debacle may go someway to explaining why CFO has thrown in the towel. In a business where volumes are import, Ashmore's last 3 announcement are incompatible...2 announcements where a bloody great big chunk of revenues have been sold or lost vs the comment about gaining market share

Gaining market share whilst junking revenues needs a proper explanation (1) Power Generation sold in March contributed £34m revenues & £6m O'Profit in Yr to'22. But they claim £20m of the revs will continue to be available on the market place

(20 Loss of Amey contract

[mjneish] 13/6/2024 20:50

You call some right and you call some wrong. Only a fool presumes to know where the price is going, and an even bigger fool pays attention. All you can do is buy shares in a company that you think has good prospects, with attractively valued shares, then cross your fingers and hold for the long term. The situation doesn't look so dire that their banking covenants are an issue. The loss of this one contract in itself is a hit but isn't disastrous unless it's the start of a trend.

From the last results:

We enter 2024 with our business in great shape to continue taking market share and providing an alternative technology-driven, lower-cost operating model. Our one-stop shop proposition, combined with our self-service marketplace solution, provides customers with the opportunity to reduce their procurement costs which will be particularly relevant irrespective of market conditions.

We have made significant progress in recent years, transforming our customer proposition through the reorganisation of our business and the introduction of new technology. I believe these changes will deliver market share gains, enhanced customer service and greater productivity across the Group, as we leverage new product verticals, improved routes to market and our differentiated technology over the coming year. I am confident that this will deliver improved shareholder returns through progressive improvements in earnings per share. I remain excited about the prospects for the Group in FY24 and beyond.

Losing a big contract isn't compatible with gaining market share. The company will have a bit of explaining to do in their trading update on the 26th.

[2pigshit] 13/6/2024 18:59

Philmac AKA scarlet are you real

[she-ra] 13/6/2024 16:08

Anyone any ideas about their banking covenants?

[philmac56] 13/6/2024 14:49

Three unknown trades totalling 1,500,000

It's not me

[2pigshit] 13/6/2024 09:49

Lol poor phil

[2pigshit] 13/6/2024 09:07

You are an amateur phil

[pictureframe] 13/6/2024 08:41

Who has picked the contract up?