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| 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
|
|
|---|---|---|---|---|---|
| -0.27 | -3.99% | 6.50 | 164,419 | 15:41:11 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 6.20 | 6.50 | 7.34 | 6.50 | 7.34 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Equip Rental & Leasing, Nec | 349.11M | 4.24M | 0.0060 | 12.23 | 48.12M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:41:11 | O | 1,500 | 6.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/9/2024 | 21:29 | ALNC |  EARNINGS: HSS Hire swings to loss, while Niox profit increases |
| 24/9/2024 | 17:19 | ALNC | EXECUTIVE CHANGES: Redcentric's Nick Bate to stand down as chair |
| 24/9/2024 | 07:00 | UK RNS | HSS Hire Group PLC Directorate Change |
| 24/9/2024 | 07:00 | UK RNS | HSS Hire Group PLC Results for the 26 week period ended 29 June 2024 |
| 11/9/2024 | 07:00 | UK RNS | HSS Hire Group PLC Notice of Results |
| 12/8/2024 | 12:01 | ALNC | EXECUTIVE CHANGES: New chief executives at Cornish Metals and ValiRx |
| 12/8/2024 | 07:00 | UK RNS | HSS Hire Group PLC Directorate Change |
| 26/6/2024 | 15:41 | UK RNS | HSS Hire Group PLC Results of Annual General Meeting |
| 26/6/2024 | 10:29 | ALNC | HSS Hire eyes earnings in line with expectations amid "solid" start |
| 26/6/2024 | 07:00 | UK RNS | HSS Hire Group PLC Trading update and AGM statement |
Hss Hire (HSS) Share Charts1 Year Hss Hire Chart |
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1 Month Hss Hire Chart |
Intraday Hss Hire Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/10/2024 | 14:27 | HSS Hire - The Short Story | 1,426 |
| 19/9/2024 | 12:46 | Highams Systems....speculative tiny penny stock... | 115 |
| 25/4/2023 | 16:37 | HSS Hire Group PLC | 334 |
| 22/5/2007 | 10:54 | highams still cheap | 2 |
| 11/9/2006 | 17:38 | HSS: Mkt Cap:Ј1.6M,Cash:Ј0.8M,Net Assets:Ј2M,Turnover:Ј11M,Cash generative | 95 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 14:41:11 | 6.50 | 1,500 | 97.50 | O |
| 14:41:11 | 6.50 | 1,250 | 81.25 | O |
| 14:41:11 | 6.50 | 17 | 1.11 | O |
| 14:41:11 | 6.50 | 10,000 | 650.00 | UT |
| 14:36:13 | 6.50 | 10,000 | 650.00 | O |
| Top Posts |
|---|
Posted at 24/10/2024 09:20 by Hss Hire Daily Update Hss Hire Group Plc is listed in the Equip Rental & Leasing, Nec sector of the London Stock Exchange with ticker HSS. The last closing price for Hss Hire was 6.77p.Hss Hire currently has 710,806,864 shares in issue. The market capitalisation of Hss Hire is £52,173,224. Hss Hire has a price to earnings ratio (PE ratio) of 12.23. This morning HSS shares opened at 7.34p |
Posted at 27/9/2024 08:33 by diku optionality???...and share price keeps going down...The Board and I are excited about this next stage in the development of our strategy, which we are confident will fully unlock the growth potential of each business and provide greater optionality to maximise future value for shareholders." |
Posted at 24/9/2024 07:16 by diku Solid performance, strong balance sheet· Solid revenue performance in challenging markets with H1 24 revenue growth +3.2% o HSS ProService ("ProService") marketplace business like for like growth of 3.4%, ahead of market9, with double digit Services10 increase somewhat offset by seasonal product11 weakness o HSS Operations ("Operations") maintained utilisation at 56% through efficient fleet management · Seasonal product weakness impacted H1 24 profitability o Adjusted EBITDA and EBITA excluding this impact broadly in line with H1 23 o Targeted cost action creating operational efficiency to mitigate demand softness in certain end markets o Continued strong returns with ROCE above the Group's cost of capital · Robust balance sheet with non-IFRS16 leverage6 maintained at 1.0x (H1 23: 1.0x) o Net proceeds of £20m from sale of Power businesses used to reduce debt and further strengthen the Group balance sheet o HSS continues to deliver consistently high returns ahead of cost of capital o Material liquidity headroom of £75m to support ongoing strategy development · Interim dividend maintained at 0.18 pence per share12 |
Posted at 28/7/2024 20:50 by master rsi fevertreemanRE - Stagnating share price I must say the share price of most mining stocks has been decimated over the past few years, Covid, Ukrainian war and inflation. Not until recently most stocks are in the move up and KEFI, after the Last Placing is expected to be lower. Now let's hope it goes better from this point, that was the reason that I bought it recently as the metal prices are at record high. |
Posted at 26/7/2024 11:29 by fevertreeman Stagnating share price; stagnant interest; stagnant board: overpaid exec team! what a state of affairs: Ashmore has presided over no growth for his shareholders, but significant growth to his net worth, overseen by a complacent Board where the average tenure is 9 years! Talk about a happy sinecure......Mean time our vaunted CEO actually seems to be raking it in. Check out the AR to see just how much this character is raking in as the CEO of a £50m market cap company. It's ridiculous given he seems incapable of delivering any returns to shareholders - thanks to the 2 PE block holders, who seem happy to overpay him to shrink the business. Amanda Burton continues to do what appears to be a sterling job doesn't she? Am sure all the staff will thank her for her efforts....not! R&A 2023: Astonishing figs for a tiny company: Ashmore's total package in 2023 = £2.6m ; the departing CFO = £1.7m......Even stripping out the one off massive cash bonus, Ashmore still trousered £427,000..... Ashmore salary actually increased ffs from £380k to £392k..and check Note 3 to see it rose again by 3% to £398k as of July '23, What possible grounds were there for increasing his salary, given he clearly didn't meet his bonus target as he was awarded zeo bonus (prior year =£142k!) But fear not, the Rem Committee had done wonders in prior years with the ESA plan, which meant that our anti-hero pocketed a frankly astonishing one-payment of £2.194m in cash!!! This seems to have been linked to a liquidity target of having an average aggregate of at least £20m in 6 months ended 2022. Doesn't that beg questions about Ashmore's motivation? What about the sales of poritable parts of the business? |
Posted at 25/7/2024 11:24 by master rsi The bid price improving once again now 7.32pNOTE: The share price only changes with an UT, not as any Order book stock on an "AT" |
Posted at 23/7/2024 15:26 by master rsi There was talk not so long ago, that predators like Travis Perkins or Speedy Hire could pounce on the stock, taking advantage of their share price rise in the last 3 months, while HSS hire has been lower by the same time.Share prices during the last 3 months TPK +34% SDY +66% HSS - 8% |
Posted at 22/6/2024 09:19 by kingston78 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. |
Posted at 20/6/2024 10:37 by kingston78 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. |
Posted at 19/6/2024 10:39 by fevertreeman 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% |
Posted at 07/4/2022 21:16 by 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 |
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