Hss Hire Share Discussion Threads

[tsmith2] 09/9/2015 11:51

Yes of the free float anyway.. Responsiveness of share price to buying, gives me impression Kame overhang cleared..

[my retirement fund] 09/9/2015 11:35

I guess post 294 is proof that there is always a buyer for every seller no matter what!Interesting he was unable to get much loan stock to short. I wonder if theres already a lot out on loan accounted for. Does anyone have any loan stock stats?

[tsmith2] 09/9/2015 11:17

Shorters have taken advantage of illiquidity created by exponents v v large stake and little free float..Will move up just as quickly...

[deanroberthunt] 09/9/2015 10:44

the Chairman must be chuffed he bought £50k at 173p

[stevemarkus] 09/9/2015 10:32

You're welcome, and yes, Mathew Earle did get Tungsten and Blinkx right. He's not all that keen on Mitie either.

Cheers,
Steve.

[my retirement fund] 09/9/2015 10:19

Great article stevemarkus thanks for posting that, says what I've been posting here for the last few weeks....

"strip away the £179 million in intangible assets leaves negative tangible assets of £21 million. It may well be wise to disregard the intangibles as according to the group's prospectus:

"A significant part of the goodwill and indefinite life intangibles, £162,376,000, relates to the Acquisition of the business by Exponent on 25 October 2012, and has not been impaired since Acquisition."

------------------------------------------
I thought I was starting to go mad as I seemed to be posting my thoughts entirely to my self! I just wish I had spotted this floatation shower back in February.

[tsmith2] 09/9/2015 10:10

2 * 1mn trade, let's see whether they are dirs or not..about turn imo but just waiting

[nw99] 09/9/2015 10:05

This is the guy that got Blinkx and Tungsten 100% right isn't it

[stevemarkus] 09/9/2015 09:58

You might be interested in this:

hxxp://lordshipstrading.blogspot.co.uk/

Mathew Earl on HSS Hire plc - he is short.

I don't hold, just happened to read it and thought you might find it interesting here.

Cheers,
Steve.

[dealy] 09/9/2015 09:49

Sorry guys, what is everybody worried about here? Lack of growth? Lack of market opportunity? Impending illiquidity? Over-indebtedness?

I don't see that. Worst case a consolidation candidate.

[my retirement fund] 09/9/2015 09:44

Well there certainly is likely to be a third profit warning.The problem for any brand new board if the present lot were replaced is they cant teally kitchen sink the balance sheet without significant fundraising and significant fundraising would be difficult without the support of short term debt holders agreeing to restructure.10 pence is probably a fair value on the equity as option money.This is an excellent shorting opotunity almost seems a no brainer really.

[dealy] 09/9/2015 09:38

220p to 10p in 5 months. Makes no sense.

[nw99] 09/9/2015 09:33

They have a 10p target

[dealy] 09/9/2015 09:24

I'm buying. Total over-reaction as usual.

[seball] 09/9/2015 09:14

Looking for a trading update in October. If trading has stabilised then HSS has a chance. If it has continued to deteriorate then I will sell up.

[nw99] 09/9/2015 08:59

Sell rec in share prophets

[deanroberthunt] 09/9/2015 07:16

aye, I need to work out a way that I can extract myself from this position with minimal wealth damage....

[jonwig] 09/9/2015 06:53

deanrobert - maybe it is a scam after all...

No, it's no scam: the outcome was obvious from the start in the prospectus, particularly the balance sheet. (And I pointed this out at the very beginning.) There were a lot of IPOs in Q1, and HSS was one I looked at. Another was DFS - hardly better. And INFI the year before that: over-leveraged tat!
The only IPO of any size which I subscribed for was JLG, which had a cleaned-up balance sheet ahead of float. I've added to that since.

The only thing which surprises me is the apparent incompetence of the BoD in pursuing strategies which are going nowhere. The link in an recent post about employee theft, though unsubstantiated, was quite revealing - and once the workforce senses their jobs are at risk, that will only increase.

[mr gruebel] 08/9/2015 11:45

The problem is that there is no visibility on their results given two profit warnings so soon after IPO. Chances are (and the market clearly thinks) there will be another one as these usually cone in 3s. Management have lost all credibility in the city as institutions have lost money. Lastly they have a very large debt mountain which needs to be refinanced at some point, so the equity value is anyone's guess and very volatile. It could still drop a lot further.

[my retirement fund] 08/9/2015 11:38

There are no fundamentals what so ever in the previous results and latest trading statements that can allow a sensible valuation to be given to the present price. This means that its possible the share price is still overvalued and may fall a lot further. There is still considerable downside risk left despite having halved and halved again.

I think its reasonable to conclude that only those close to the board would have an idea of true value.

Any director purchases may give a clue and so far zip all.

And im not talking about token purchases, id want to see some conviction buying by them!

[deanroberthunt] 08/9/2015 10:49

for those that haven't bought I'd advise to hold off, I wish I had....seems to be no end to this selling and the company seem bereft of ideas with no intention of supporting the share price ..

maybe it is a scam after all...

[rburtn] 07/9/2015 18:55

dros1: I'm not so sure its only the employees stealing.

[gasman10] 07/9/2015 17:45

Lack of credibility in the city now, mentioned in the papers Times i think that the CEO sold out at the shares peak. Chairman bought a load, but this has not halted the decline.