Hss Hire Share Discussion Threads

[h1tman] 28/8/2015 08:23

Just chill it's still unstable now. Wait for the books to reverse and you will see the technical bounce

[deanroberthunt] 28/8/2015 08:17

trouble is they're expanding at the back end of a bull market...

[deanroberthunt] 28/8/2015 08:16

massive short squeeze now

[h1tman] 28/8/2015 08:14

BR has given an executive order to the crew to buy buy buy

[deanroberthunt] 28/8/2015 08:12

here they come....

[h1tman] 28/8/2015 08:11

I am in for some titties bounce

[deanroberthunt] 28/8/2015 08:02

worst case on EBITDA of 50m (10m lower than previous guidance), is £158m, taking debt into account

and 7 x is very low, some co's go for 20x

[deanroberthunt] 28/8/2015 07:57

“The financial covenant in place on the group’s revolving credit facility at 27 June 2015 is a minimum Ebitda of £35m on a rolling twelve month basis,” HSS says.

Bank covenants set how much debt a borrower can keep on its books depending on certain financial metrics — Ebitda, in this instance. So, assuming annualised 2015 Ebitda of £60m — which could be lower — its implied net leverage would be above 3x.

HSS should be safe on this basis, but I really need to check its next quarter’s performance before committing to it. I also need more clarity about the exit strategy of its owner, Exponent.

Of course, this is a blow for the arrangers of its IPO. HSS was listed on the stock market in early 2015, when its shares were priced at the low end of the 210p-262p guidance. Then, its implied market cap was £325m. Now, its equity value is £123m.

[deanroberthunt] 28/8/2015 07:55

7 X EBITDA - DEBT, I get around £221m

SALE PRICE as a starter for 10

[seball] 28/8/2015 07:52

DIVI Payment also. Ex divi date 3/9/15. Over 200p with last results this was overpriced. At this price it now a bargain imo

[grahamg8] 28/8/2015 07:50

Hey ho I spy trolls on the horizon. This thread is thankfully a troll free zone at the moment with a nice balance of positive and negative views. seball leads the way for buying for an expanded and profitable future, jonwig has set out the risks, others are pitching in on both sides. That's how it should be on these threads, sadly rather too rare these days.

[deanroberthunt] 28/8/2015 07:37

maybe a company with decent mgt could pick this up, like AHT? .....with nay on £300m T/O, they'd probably turn a decent profit out of it.....but what's it worth ?

[deanroberthunt] 28/8/2015 07:28

this looks like a stitch up from the off..

but I'm just in for the punt, it'll either work or it won't, but my avg. is 75p so my downside is limited imvho...but heyho who knows could fall to 10p

[karmastuartra] 27/8/2015 21:47

Should see a nice bounce next week .

[paulypilot] 27/8/2015 21:33

Hi,

I wouldn't pay any attention to forecasts/ratings from JP Morgan Cazenove, because it was that firm (aided by Numis) which floated HSS at an over-valuation, just a few months before it warned on profits.

So, in my eyes anyway, they are untrustworthy. Also, they now have to put out bullish notes, since anything else would be an admission that they shouldn't have floated it at such a high price (or at all).

It's now a total can of worms, due to the excessive debt, very weak balance sheet (negative net tangible assets), and weak trading/uncertain outlook.

That said, at some point it could bounce nicely, if trading stabilises. But I think people punting on it now are still over-paying (once you factor in risk, and debt).

Why on earth is it opening 50 new branches this year, when they don't seem to have control over the existing business? Strikes of bad management, much like Speedy Hire.

Regards, Paul. (no position, and no intention to open a position)

[seball] 27/8/2015 21:14

Ex divi date is 3/9/15. So yes we could see a rise. Divi is 0.57p about 0.8% every little helps. Good luck

[deanroberthunt] 27/8/2015 20:47

could it rise into the ex divi date ?

[seball] 27/8/2015 19:50

HSS Hire Grp Plc (LON:HSS) Rating Restated

The financial company have set target of GBX 180.00 on HSS Hire Grp Plc (LON:HSS) shares. This is 106.90% from the stock close price. In an analyst report sent to investors on 26 August, JP Morgan Cazenove restate their “Overweight221; rating on shares of HSS.


Read more: hxxp://www.octafinance.com/jp-morgan-cazenove-reaffirms-a-overweight-rating-on-hss-hire-grp-plc-lonhss-and-gbx-180-00-target/176051/#ixzz3k2iHs89g

[deanroberthunt] 27/8/2015 19:26

although to be equal it never really recovered from the June t/u

[deanroberthunt] 27/8/2015 19:22

jonwig

nothing goes down in a straight line.

[seball] 27/8/2015 18:44

jonwig I'm sure that loss will be reduced as the branch roll outs reduce and add to earnings as they gain market share. Cost savings will be made in 2016. Im buying at these levels as I see good value.Good luck