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HSS Hss Hire Group Plc

9.63
0.68 (7.60%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.68 7.60% 9.63 9.46 9.80 9.80 8.74 8.74 1,143,802 16:35:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Equip Rental & Leasing, Nec 332.78M 20.48M 0.0290 3.30 67.54M
Hss Hire Group Plc is listed in the Equip Rental & Leasing sector of the London Stock Exchange with ticker HSS. The last closing price for Hss Hire was 8.95p. Over the last year, Hss Hire shares have traded in a share price range of 7.80p to 15.575p.

Hss Hire currently has 704,987,954 shares in issue. The market capitalisation of Hss Hire is £67.54 million. Hss Hire has a price to earnings ratio (PE ratio) of 3.30.

Hss Hire Share Discussion Threads

Showing 651 to 673 of 1725 messages
Chat Pages: Latest  33  32  31  30  29  28  27  26  25  24  23  22  Older
DateSubjectAuthorDiscuss
29/11/2015
22:39
Secured Note holder recording on the HSS website confirms

Only significant banking c

strategicinvestor2
29/11/2015
21:34
Good luck with your expectations then for 2016 lets see what it brings.I have shorter expections myself, for example on 25 Dec im expecting Santa to have a magic key when he drops off his presents this year as we dont have a chimney anymore; )
my retirement fund
29/11/2015
21:21
Effortlesslycool - we you able change the title on your shorters thread to long/ buyers thread as you had planned. Well done on closing your short and now making money buying in now we have had the information from the trading update..
strategicinvestor2
29/11/2015
19:27
Top line is increasing as market share held by HSS increases and efficiencies and asset utilisation seem to be improving all the time. I expect asset utilisation to increase further in 2016, hopefully impressive benefits from central distribution model which looks like the ideal tactic with volumes increasing day on day...
strategicinvestor2
29/11/2015
19:24
I expect this to massively outperform based on improving cash flow visibility today going into 2016. I expect creditors will be happy to reduce rates on borrowings given risks are reducing all the time. I expect borrowings to be paid down in coming years as all the kickers further enhance prospects.
strategicinvestor2
29/11/2015
18:50
No your wrong, generally creditors are not charged with doing others jobs in order to ensure they are lending within favourable terms they simply set their terms within the scope of a companies current accounts - which also includes its valuation.

Auditors look at longer term cash flow based on current - which is why I am saying the intangibles are overvalued, it may come as a complete shock to you but the spending spree (mostly pre ipo) simply now shows that the income from its present incarnation does not support the original sums paid and what's even worse for shareholders is that because they borrowed to do this its all "geared"

The company either needs to drastically decrease overheads or increase revenue without affecting its present costs - ie putting its prices up without seeing a reduction in sales or reducing rental and staff wages for example.

As I understand it, it can do neither and on top of this it has an extensive equipment inventory which it needs to replace as it ages.

I'm not sure how it would be possible to survive unless it can raise further funds in a sustainable manner - eg. from shareholders.

my retirement fund
29/11/2015
17:35
Creditors look at longer term cash flow to ensure they get their money back - HSS should have no problem there with a strong EBITDA. I suspect HSS intangible more than justified based on discounted cash flow valuation. Share price being so low makes it risky but reward could be a doubling in the medium term to about half issue price ....
strategicinvestor2
29/11/2015
17:20
Its not just accounting, it is for all intense and purposes the value of the company which creditors work to. They need to be happy they are lending to something that has value otherwise if their customer struggles, how will they know they can get their money back.

Its not the creditors fault that the company borrowed stupid sums of money to get itself into the position its now in!

my retirement fund
29/11/2015
15:08
Good article , thanks. Caution is needed but seems to have turned the corner and is at a silly proce relative to future cash flow I suspect. Share price wil probably bounce with few able to capitalise I suspect. I suspect most short positions have been closed and many are now long.
strategicinvestor2
29/11/2015
14:44
Intangibles like any asset needs to be revalued but any write down is merely accounting. Given the cash generation this business is likely to be generating in 2016 I would expect to see this over £1 also in the medium term. Reducing fixed costs, growing top line, increasing market share and a lot of asset investment already incurred cash flows can only accelerate massively and borrowings reduce from H2 2016. I like the approach the management are beginning to implement. Suspect borrowing rates will be relatively easy to renegotiate lower for HSS.
strategicinvestor2
29/11/2015
14:30
Kingston78, the Auditor has a duty to access whether the Intangible assets are impaired and a duty to revalue accordingly. How an earth are they supporting the current valuation going forward given the gross overheads ? These intangibles are complete bull, the equity could be worthless, on what basis do you imagine the creditors would have been supporting the business upon, ? I'll give you a clue its not cash flow.
my retirement fund
29/11/2015
14:14
Agreed Kingston. Strong cash flow generation makes HSS very appealing going forward. Writing down intangibles , I don't see why this would be required and is merely an accounting acceleration of amortisation so no cash or underlying profit impact. Investment in new central distribution in h1 is very well funded and borrowings should decline fast thereafter due to ever growing top line, full year contributions of specialist acquisitions that seem to be out performing combined with reducing relative cost base and growing asset utilisation to make this a stand out at these level IMHO.
strategicinvestor2
29/11/2015
14:06
HSS has quoted EBITDA and EBITA figures frequently, so without delving into their accounts I may assume that these are the figures to be used to comply with loan covenants.

Intangibles are sunk costs and they will not affect cash flow. It is more of an accounting issue that the company needs to include amortisation as an expense. So long as the company is cash flow positive it will survive difficult situations until trading improves.

kingston78
29/11/2015
12:14
For the life of my I cannot see how this is possible, they are going to need to write down the intangibles which is obviously not conducive to this, moreover it will threaten the existing covenants and without the backing of existing creditors HSS could quickly lose the support of its bank.

I cannot see how the two later problems can be addressed without significant further fundraising, let alone begin to dream of renegotiated rates!

my retirement fund
29/11/2015
10:18
HSS borrowing I expect to be renegotiated at lower rates, I think they referred to this in one of their updates. Speedy are struggling with sales while HSS continue to increase their market share while reducing cost and improving efficiency. HSS will need to reduce borrowings and with very strong EBITDA and reducing capital requirements I expect them to do this aggressively in h2 2016 onwards. 2016 will have full contribution from acquisitions which appear to be performing very well while diversifying the business mix for HSS. I see HSS as being a far better investment than Speedy IMHO DYOR
strategicinvestor2
29/11/2015
08:19
It's worth looking at the accounts HSSs borrowing costs are 7.15% compared to a range of 2.98-3.45% over libor for speedy. The key for HSS should be the ability to repay expensive debt but this is unlikely as Speedy are chasing margin and pushing the price down in response to their Middle East fraud/reporting issues.
r ball
28/11/2015
21:13
Would be very surprised if you have to wait a year for £1.00 to be reached but suppose depends on general market sentiment etc. There must be a very good chance of further consolidation in this sector which gives huge potential upside for HSS.

Not sure there is much stock available which could mean positive sentiment causes a disproportionate rise in the share price..

strategicinvestor2
28/11/2015
18:10
I agree with Strategicinvestor2. It has great recovery potential in its share price. It will fill the falling gap at 100 p, which is my minimum target. I am willing to hold for a year to see that happen.
kingston78
28/11/2015
17:28
HSS posted a great trading update dispelling the myths many were generating. They are increasing the top line while reducing costs going forward and improving EBITDA and asset utilisation. Having invested there capital requirements will reduce and the investment in a central distribution centre should generate even better returns. Strong cash flow generation looks likely in 2016 with real profit kickers - full year contribution from acquisitions and profitable new stores for one.

We were at 60 a 70p but fell back on no volumes on no volume. I see this above the 70p range on the back of the positive news and 80-90p would not be a daft trading range as we move into 2016 and await profit kickers delivering.

I am in for more of these on Monday if I can sub 60p.

strategicinvestor2
25/11/2015
09:37
What makes you think its cash flow positive? How do you think intangible writedowns could sensibly be undertaken without compromising covenant policies with creditors?
my retirement fund
25/11/2015
09:08
So did I!

Business is okay and they seem to have got cash flow under control. They are still walking a very fine line, but I think that the balance of probabilities has now switched to the positive.

In a singularly ill-timed transaction, given this morning's price action, I closed my short at 49.12 and opened a (smaller) long position at the same price.

I'll update the header later.

effortless cool
25/11/2015
07:40
I also thought it looked ok. The last 30p drop has been on very low volume and no new news
dealy
25/11/2015
07:20
The update seems okay, let's hope the share price goes up for a change.
joseph moran
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