Share Name Share Symbol Market Type Share ISIN Share Description
Hss Hire Group Plc LSE:HSS London Ordinary Share GB00BVFD4645 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -0.30 -2.05% 14.35 98,855 16:35:04
Bid Price Offer Price High Price Low Price Open Price
14.00 14.70 14.30 14.00 14.30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 303.27 6.07 7.71 1.9 101
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:01 O 8 14.70 GBX

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Hss Hire Daily Update: Hss Hire Group Plc is listed in the General Retailers sector of the London Stock Exchange with ticker HSS. The last closing price for Hss Hire was 14.65p.
Hss Hire Group Plc has a 4 week average price of 14p and a 12 week average price of 14p.
The 1 year high share price is 21p while the 1 year low share price is currently 13.40p.
There are currently 704,987,954 shares in issue and the average daily traded volume is 118,401 shares. The market capitalisation of Hss Hire Group Plc is £101,165,771.40.
tole: this penny stock on track for an explosive recovery in 2022?Investing in penny stocks is a risky endeavour. But it can also deliver gigantic returns for a prudent investor like me.Published 2 July, 8:09 am BSTHSSThe land of penny stocks is fraught with risk, especially today, where access to capital is becoming even more restricted. Most businesses in this arena have small operations with miniscule profits and lack the necessary resources necessary to scale rapidly.Yet, every once in a while, one of these companies finds a way. And suddenly a teeny-tiny business can become a giant. I may have found such an opportunity today. Its shares collapsed during the pandemic, but they could be in for an impressive comeback.A turnaround penny stock?Investing in an equipment hire business is hardly the most exciting idea out there. Yet HSS Hire (LSE:HSS) might soon display an explosive performance for patient investors.As a reminder, this company lends out tools & equipment while also providing support services to over 32,000 customers in the UK. It predominantly caters to construction tradespeople, who don't necessarily have the capital to buy expensive machinery. And for those that do, many still choose to rent to avoid all the costs of testing, maintenance, and distribution.In 2020, the pandemic struck. Multiple lockdowns saw construction projects grind to a halt, and the demand for equipment rental evaporated with it. Unsurprisingly, the group's revenue saw a double-digit decline, and profitability went out the window with a reported £4.7m operating loss. Subsequently, the penny stock went from trading at 26.7p to 14.3p today.Back to blackBut is all that about to change? Earlier this year, management released its preliminary results for 2021. And despite the share price staying in penny stock territory, things seem to be going very well, in my opinion.Revenue across the board jumped by double digits, climbing back to 92% of pre-pandemic levels. According to a recent trading update, this top-line growth has continued over the last six months. But the bottom line is where the real magic is happening.Following the disruptions from Covid-19, management executed a major structural overhaul of the business. Some 134 stores were permanently shuttered, revamping the operating model to rely more heavily on technological solutions. I think it's fair to say the plan worked. Why? Because the Return on Capital Employed (ROCE) surged from 10.7% to 22.1%. Consequently, operating profits for 2021 came in at a record high of £34.5m!Time to buy?HSS Hire's performance is undoubtedly impressive. But I do have some reservations about this still-penny stock. The rental equipment sector doesn't exactly have high barriers to entry. And, unfortunately, that means the group's rental fees are constantly under competitive pressure.It's also worth noting that the firm has just under £79m of debt maturing in the next five years. This is a drastic reduction from the £240m due just a year ago. However, with interest rates rising, these financial obligations could eat away at its newfound profitability.Nevertheless, with a market capitalisation of only £100m, I can't help but feel this opportunity is too good to miss for my portfolio.
lord gnome: Some big trades going through today with the share price improving slightly. Has an overhang been moved?
davebowler: Liberum note HSS Hire Group (BUY, TP 24p) – Strategy well executed (7 pgs) HSS’s bold strategy to shrink its physical estate, while finding new ways to win customers, digitally and partnering with merchants, is paying off. Capital-light Services is set to grow as HSS widens the network of third parties offering equipment for re-hire and it wins customers. The group has been successfully de-geared and a strong balance sheet now offers options. 2022 has started well and management is confident of sustaining strong growth in services. We keep our target price of 24p and Buy rating. We see more upside in the more liquid Speedy*, with better infrastructure exposure and growth from the B&Q partnership.
mjneish: Improved sales help HSS cut debt Hire company returns to profit April 28, 2022 By Michael Fahy A recovery in revenue and the sale of two divisions helped HSS Hire (HSS) to continue making inroads into cutting its debts. The tool hire firm, which has been downsizing its branch network and opening concessions within builders’ merchants instead, reversed a pre-tax loss of £29.6mn in 2020 into a profit of £6.1mn last year as it grew revenue by 21 per cent to £303.3mn. It has benefitted from a strong recovery in the construction sector, with orders in March growing at their fastest rate in seven months as more commercial projects started following the rollback of pandemic restrictions. HSS made a combined profit of £41.2mn on the disposal of its air conditioning equipment arm All Seasons Hire heating and its Irish equipment rental arm, Laois Hire Services. The sales brought in almost £65mn of cash, which was used to cut its reported net debt by 46 per cent to £104.6mn. Excluding leases, the company said net debt has been reduced to 0.8-times adjusted earnings, from 2.6-times 12 months earlier. Revenue for the first quarter of this year is up 13 per cent but the company said it would increase capex to around £35mn-£40mn, from £34.2mn in 2021, to improve its digital offering. The company’s shares edged up 1 per cent to 16p, which is less than 7 times FactSet’s consensus earnings forecast of 2.35p per share. Buy.
qsmeily456: QS...2 🤣 new 2 to the thread with my initials 🤣🤣🤣 Look at speedy hire. Share price fell after results and they've got a share buyback scheme 🤣🤣🤣🤣 9315; Good results here and it's hardly up 🤣🤣🤣 🎄🌲🌳🛩 8165;🍾ԍ46;🤣🤣;🤣🪟👅👅
knowing: Strong results and should see a sustained recovery in the share price
cravencottage: For those that haven't seen the IC Article from Last set of numbers... A cheery sequel for HSS Overhaul of branch network and move into builders' merchants provides a lower-cost route to market November 18, 2021 By Michael Fahy The slew of private equity-backed companies that have come to market this year suggests investors remain willing to buy into a well-presented growth story. Building equipment hire company HSS is a reminder that such stories do not always have happy endings. However, investors may be set to enjoy an altogether more cheery sequel. IC TIP: Buy Tip style VALUE Risk rating HIGH Timescale MEDIUM TERM Bull points Costs cut Debt cut Interest bill cut Bear points Uncertain end markets Disposals reduce scale All too often, companies that are brought to market by private equity players prove to have debt levels that fuelled past performance but impinge future progress. HSS Hire (HSS) falls into this category. The prospectus for its IPO in January 2014 cited a compound annual growth rate of 17 per cent between 2011 and September 2014, with an earnings growth rate of 19 per cent over the same period. The float at 210p per share valued the company at £325m. The prospectus pledged to use £85m to repay some of the debt that had been loaded onto the business, with the company carrying £275m of loans and other borrowings. Most of the rest of its £419m of total liabilities were trade payables relating to money owed equipment bought to hire out. HSS:LSE HSS Hire Group PLC 1mth Today change 2.76%Price (GBP) 15.80 Getting borrowings, and the accompanying substantial interest bill, under control proved difficult. The company’s revenue increased only marginally over the four years before the pandemic and fell back below pre-IPO levels last year. Although HSS has made an operating profit in all but two of the years since float, the burden of servicing its debt meant it has declared a pre-tax loss from continuing operations every year. By 2017, net debt (£234m excluding leases) stood at a hairy 4.8 times cash profits in 2017. But some breathing room was won in 2018 with the £60.5m sale of its UK Platforms business and at the end of last year it managed to raise a very welcome £53m by selling new shares at 10p a pop. Cutting back Although Covid-19 presented challenges, with revenue declining by 18 per cent as HSS was forced to close many branches, it also provided the opportunity to step up transformation plans. HSS decided to close 134 out of its 234 branches last year and lay off 300 staff. This led to it incurring £7.4m in property-related costs and £4.6m of associated charges, including £1.6m of redundancy expenses. However, the company estimates the move will reduce its overheads by £15m a year. It is also confident of being able to substitute sales lost through shuttered branches. It has improved its online offer, with remote sales teams driving more business to click-and-collect locations. A trial that began in 2019 to house HSS concessions within builders’ merchants was also stepped up, with 24 concessions operating at the end of last year. By the end of the third quarter of 2020, sales had returned to 90 per cent of pre-pandemic levels with just a fifth of its pre-Covid branch network open. As a result, it managed to generate positive adjusted earnings throughout the year. The builders’ merchants’ trial has been extended this year to 43 locations by the end of the first half. Operating profit for the six months came in at £22.6m compared with a £700,000 loss last year and revenue grew by 22 per cent to £150.5m. Online revenue grew by 75 per cent year on year and stood at 24 per cent of total transactions. The increased profit and the sale of an Irish business unit, Laois Hire, for £10m after expenses (on which it made a £3.2m profit) helped to bring its net borrowings down to £98m, or 1.7 times last year’s cash profits. The debt reduction has continued apace with the sale of All Seasons Hire at the end of September for £55m. Adjusted for the lost profits associated with the disposal, this puts the company's net debt-to-cash profit ratio at just one times. That's a major transformation of the balance sheet (see graph). Profit without the kit HSS has agreed deals with the companies it has sold off to continue to offer their equipment for hire through its online platform. Although rehire agreements won’t be as profitable, it means the company can still make some money from these businesses without having the same hefty capital commitments. Utilisation rates for specialist kit such as access platforms and lifting gear is also typically higher than for smaller tools, but they’re also a much bigger drain on profits when not being used. By the end of last year, the number of product lines HSS offered had been slimmed down to around 1,000. Utilisation rates stood at 56.5 per cent in the first half of this year. HSS’s reduced borrowing requirement has allowed the company to refinance its remaining debt. It agreed a new £70m term loan and £25m revolving credit facility with HSBC (HSBA) and NatWest (NWG) earlier this month. It will be charged interest rates of between 275 and 350 basis points over the interbank rate, which means last year’s interest charge of £16.3m should fall to about £3m. A £12.7m saving on top of the £15m taken out of operating cost. HSS’s share price is up almost 75 per cent since the start of this year – just after the company completed the equity raise. Most of the gains were in the first few months of the year, though, and the share price has remained largely flat over the past six months. It’s easy to understand why investors who endured years of losses and declining valuations may be reluctant to buy back in. HSS’s move from the main market onto Aim in January this year will preclude some from doing that. There’s also no guarantee that the positive momentum experienced by the company over the past 18 months or so will be maintained. The home improvement market has witnessed double-digit growth this year, but this rate is likely to slow in 2022, according to the Construction Products Association. Other sectors, such as the fit-out market for retail and hospitality sectors as well as infrastructure and energy services, are likely to post stronger growth, though. A crowded market HSS estimates the size of the UK hire industry to be around £4bn, and prior to this year's disposals it had a share of about 8 per cent. That concurs with estimates by Ashtead (AHT) , which regards its Sunbelt Rentals brand as the market leader with a 9 per cent share, ahead of Speedy Hire’s (SDY) 7 per cen and VP Group (VP) at 6 per cent. This shows how fragmented the market is, with the remaining 72 per cent split between independent operators. The four big national players enjoy some competitive advantage given their nationwide coverage, but their pricing power is limited. The Office for National Statistics said there were 4,165 companies registered in the sector last year, with a lack of differentiation leaving most firms to compete on price. The annual growth rate for hire services was 1.5 per cent in the third quarter, which was well below the overall construction output price index growth of 5.1 per cent – the highest since records began in 2014. The sector is therefore unlikely to provide runaway growth, but HSS’s reduction in overheads and significantly lower finance costs should provide the opportunity for better returns. Recent forecast upgrades bode well. Broker Numis last week upgraded its earnings forecast for next year by 147 per cent, to 2.6p a share. By this metric, HSS’s shares trade at only seven times next year’s earnings – below peers such as Speedy Hire and VP and significantly below high-flying Ashtead, which now makes most of its money from the US market. Numis also increased its price target on HSS’s shares from 28p to 33p. The company is in much better financial shape now than when it floated, but with investors losing faith over many years, its valuation has sunk – its current market capitalisation stands at £125m, which is only just above its net asset value of £121m. Exponent Private Equity, the firm that brought HSS onto the London Stock Exchange, is still its biggest shareholder with a stake of almost 34 per cent. If the company’s share price continues to languish below peers, it wouldn’t be such a shock if either its biggest backer or one of its peers sees an opportunity to take it out of shareholders’ hands. Last IC View, Sell at 31p, 6 April 2018 Company Details Name Mkt Cap Price 52-Wk Hi/Lo HSS Hire (HSS) £129m 19p 25.0p / 9.5p Size/Debt NAV per share* Net Cash / Debt(-) Net Debt / Ebitda Op Cash/ Ebitda 15p -£151m - 61% Valuation Fwd PE (+12mths) Fwd DY (+12mths) FCF yld (+12mths) EV/Sales 10 - - 1.0 Quality/ Growth EBIT Margin ROCE 5yr Sales CAGR 5yr EPS CAGR - 6.3% -2.9% - Forecasts/ Momentum Fwd EPS grth NTM Fwd EPS grth STM 3-mth Mom 3-mth Fwd EPS change% 510% 20% -2.6% 45.5% Year End 31 Dec Sales (£m) Profit before tax (£m) EPS (p) DPS (p) 2018 353 5.1 2.39 nil 2019 328 3.1 1.65 nil 2020 270 -6.3 -2.03 nil f'cst 2021 292 6.8 0.63 nil f'cst 2022 303 19.2 1.99 nil change (%) +4 +182 +216 – Source: FactSet, adjusted PTP & EPS figures NTM = Next 12 months STM = Second 12 months (ie, one year from now) *Includes intangible assets of £696m, or 23p a share
tole: dirt-cheap penny stock to buy in November!Jabran Khan | Tuesday, 9th November, 2021 | More on: HSSBritish Pennies on a Pound Note Image source: Getty ImagesHSS Hire (LSE:HSS) is a penny stock I'm considering adding to my portfolio this month. Here's why.DIY boomHSS Hire is a leading provider of tools and equipment to the construction industry. Its business is split into two divisions, which are tool and equipment rental, and customer services. Tool and equipment rental, which involves buying, maintaining and leasing out equipment, is its largest and makes up nearly 70% of total revenue. The customer services arm is split into two subdivisions. One is a tool finder and the other subdivision offers training courses around use of equipment.There has been a boom in DIY in the UK since the pandemic began. Consumers have resorted to spending leisure activities and holiday money on projects in the home. This has benefitted DIY firms. Penny stocks are those that trade for less than £1. This low cost is a result of higher risk and increased volatility. As I write, HSS shares are trading for 17p. The shares are up 40% in 12 months from 12p at this time last year.Penny stock opportunityHere's why I like HSS Hire for my portfolio.HSS is a market leader in the equipment rental sector. It has a long history of trading and has organically grown into a major force throughout the country. It has 240 locations in the UK and Ireland and employs over 2,500 people. It has a diverse business model with its different divisions and works hard to retain business-to-business customers, which are the most profitable. Its vast reach also helps it do that in my opinion.HSS has a good track record of performance. I understand that historic performance is not a guarantee of the future. I still tend to review this as a gauge. HSS Hire's financial year runs from December to December. I can see that prior to last year, revenue and gross profit increased year on year for three years. Not many other penny stocks have such a long and positive track record. The pandemic stopped this for the fourth year. Results are due again in the coming months and I believe a return to pre-pandemic levels is on the cards. This could drive the share price up, which means it could be a good time for me to buy.The recent rise in DIY throughout the UK and pent up demand for such equipment has boosted firms like HSS. More people are looking to spend money on passion projects and sprucing up their homes. Risks and verdictHSS shares do not come without risks, however. Firstly, the recent issues with supply chain and haulage will affect HSS. Secondly, construction equipment rental is a competitive market which could affect its profit margins. Finally, this current pent up demand may fade away as reopening continues, which may mean HSS performance could falter as consumers book holidays and spend money on leisure activities once more.Overall, at 17p per share, I would happily add HSS shares to my portfolio right now. I believe it is a good penny stock with some risk attached but lots of growth potential over the long term backed up by a favourable track record and good current market conditions.
rcturner2: CIP is pleased to announce its investment in HSS Hire Group plc (AIM:HSS) ("HSS"), a market leader in equipment hire in the UK and Ireland, quoted on AIM. The Company has acquired, in aggregate, 25,000,000 ordinary shares in HSS, representing approximately 3.6 per cent. of HSS's existing issued share capital, for a total consideration of approximately GBP3.9 million. For its financial year ended 28 December 2019, HSS achieved revenue of GBP328.0 million, a gross profit of GBP178.3 million, an operating profit of GBP16.8 million and a net profit of GBP8.7 million. For its half year ended 27 June 2020, HSS reported revenue of GBP125.8 million (IFRS 16 basis), a gross profit of GBP62.2 million, an operating loss of GBP0.7 million and a loss before tax of GBP12.9 million, with such results having been adversely impacted by the COVID-19 pandemic and the government's subsequent lockdown measures which largely halted business operations during March and April 2020. As at 27 June 2020, HSS had net assets of GBP67.1 million. The CIP Board notes the strong track record of the leadership team at HSS, which it believes took appropriate and decisive action in response to the COVID-19 outbreak thereby enabling HSS to navigate the complexities of the first half of 2020. The CIP Board further believes that the financial resources of HSS augmented by the significant capital raise completed at the end of 2020 and the implementation of a new operating model puts HSS in a position of strength vis-à-vis a very fragmented market with strong consumer demand, which is expected to increase further in the UK economy's recovery phase. For these reasons, whilst it is noted that HSS operates outside of the core target investment sectors stated within the Company's investing policy, HSS nevertheless meets a number of the Company's other key investment criteria in line with its investing policy and in the CIP Board's view represents a strong opportunity to create shareholder value in line with its strategic objectives.
bc4: I have looked through my FTSE best stocks to buy now list and think HSS Hire (LSE:HSS) could be a penny stock opportunity for my Stocks & Shares ISA as the 5 April deadline looms. Penny stocks are companies whose shares cost less than £1 per share. This cheapness can result in volatility and higher risk that’s not to every investor’s taste.In my opinion, I believe there are some excellent businesses out there and HSS Hire is potentially one of them. FTSE penny stock opportunity HSS Hire is a leading provider of tools and equipment to the construction industry and its business is split into two main divisions. It’s largest division is tool and equipment rental. This makes up nearly 70% of total revenue. The HSS model involves buying, maintaining, and leasing equipment to its customers. At the end of 2019, it was reported that the UK equipment rental market was worth over £4.5bn. HSS’s smaller division is customer services. This arm of the company is split into two roles. One is to find and recommend tools depending on the type of job a customer is completing. Secondly, it offers training courses around how to use specific equipment. I really like HSS’s business model and believe it has a unique offering and ability to expand further too. This is why it is on my best stocks to buy now list. It is also a very cheap FTSE stock. Between February and December last year, its price fell a staggering 65% to just 10.50p per share. It has begun to recover and, as I write, shares can be purchased for close to 17p per share. Construction slowed down due to Covid-19. This impacted HSS’s business. Revenue and underlying profit fell 22% and 38% respectively for the first half of 2020. I understand the impact of Covid-19 and the role it played in HSS’s results. I believe the vaccine rollout and the fact construction firms will experience a boom to make up for lost time will benefit HSS. City analysts also seem to think the same. They have forecast performance to bounce back in the second half of the year. Of course, forecasts can change based on future developments.
Hss Hire share price data is direct from the London Stock Exchange
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