Hss Hire Share Discussion Threads

[bc4] 17/12/2017 10:25

Simple solution then, Do not invest here!

[kingston78] 17/12/2017 09:36

In the old days when many listed companies had to report to the market quarterly they accompanied the narratives with a detailed array of financial figures sufficient to enable people to understand what was going on. Since the practice of quarterly reporting became not a mandatory requirement, companies have chosen to issue a skeleton extract of financial numbers.

Skilled and numerate readers could dissect the skeleton,and coupled with the previously reported detailed numbers, to arrive at some kind of estimation of the current Balance Sheet position.

However, what I would say is that a strong company would have nothing to hide, and because the financial figures are available internally anyway they would publish them to the public, in fact as a selling point.

Weak companies tend to accentuate their limited strength and then waffle about the rest.

Referring to the potential cost saving by HSS it is not easy to achieve what they have identified, in full, or in good time. We should therefore discount part of it.

Turning around a very sick company not only requires excellent leadership but also an element of luck due from many external factors which are beyond their control. I don't think the external macroeconomic and political factors are favourable.

[kingston78] 07/12/2017 13:17

It is short-term v long-term. I have no confidence in this Company in the long-term.

Things go in cycle. If it does not make "real" profit when the going is good, it will find it hard when the trading situation is tough.

[hybrasil] 07/12/2017 12:56

Kingston
I suggest you sell then!
I am obviously hopeful of a sustained rise

[kingston78] 07/12/2017 12:50

The market likes the strategic review because it is hitting the right notes, but in my opinion, it is not good enough.

Firstly, I want to point out that the directors are misleading investors by saying that they have returned the company to operating profit.

As you know depreciation and amortisation are a large and integral part of the company's costs, but the company wants to focus on EBITDA. Operating profit should include depreciation and amortisation. Furthermore, interest is a real cost and needs to be paid.

Identification of an additional cost saving is welcome but the amount, even if achieved, is not earth shattering.

Net debt is sky high. All the efforts made will only chip away the debt mountain slowly. Short-term investors may do well by trading the shares, but long-term holders will gain little, as there is no dividend and any economic slowdown will negate the "promising views" being made. Of course, the new CEO wants to take credit. However, partial disclosure of financial statements without a detailed Profit and Loss Account, Balance Sheet and Cash Flow Statement is biased. If they show the full picture you may be horrified to see a bottom line loss, an indifferent balance sheet with huge debt and poor cash flow just to make ends meet.

I am appalled by many companies' stance of only disclosing partial financial statement for interim reporting. The standard of disclosure is simply not high enough.

[hybrasil] 07/12/2017 09:50

Thank you rumbers.
I am watching the trades this morning. What idiot is on a number of occasions buying 1 share (trade value 33p) ?

[rumbers2] 07/12/2017 09:45

If anybody is listening to the podcast i'd be fascinated to hear how they propose financing the £220 million debt.
Glad to see you are now in profit hybrasil, market reacting positively, and one should always go with the trend in spite of my own personal views here.

[bc4] 07/12/2017 09:22

Well the market likes it!

[hybrasil] 07/12/2017 08:53

Different driver

[rumbers2] 07/12/2017 08:28

Pugs Tosca sold a big stake in Speedy - not HSS.

Re. latest 'Strategic Review' this seems like deja vu to me. Three years ago HSS undertook a massive review to centralize all its national operations through one depot. Update after update revealed delays in completion but promising us sunlit uplands ahead.
Now that's finally completed we are about to embark on yet another review stretching into 2020.I've heard this tired old song before.It didn't wash then and even less so now.

[pugugly] 07/12/2017 07:42

numbers2: Cannot see an rns re Tosca sale - Any idea of who bought ?

[hybrasil] 07/12/2017 07:31

Very pleased with the results of the strategy review. Share price so shot at the moment that it can only get better
Good brand.

[hybrasil] 06/12/2017 14:53

Bought more shares today though

[hybrasil] 06/12/2017 11:03

Got my dates wrong it's tomorrow

[hybrasil] 05/12/2017 17:37

Bought a lot today. Tomorrow will reveal how right/wrong I was!

[rumbers2] 01/12/2017 22:17

Toscafund tonight reveal they have sold the lions share of their 20% stake in Speedy Hire leaving them with 8% holding. It's clear they have conceded defeat in the long fight for a merger with HSS.
The HSS survival plan had better be good next week because no knight in shining armour will be coming to its rescue now.

[effortless cool] 29/11/2017 13:00

EBITDA is a particularly absurd measurement for an equipment hire company to quote. The depreciation cost is a key component of their profitability.

[kingston78] 29/11/2017 12:51

Net external debt at 30/9/2017 was £232 million. I would call this a debt mountain.

I don't understand why HSS and other companies in the same sector always quote favourable headline figures such as EBITDA. This is not a true measure of the real profitability of a company. We should focus on Profit after tax, Cash flow and Net debt.

[rumbers2] 29/11/2017 12:12

Improved performance Q3? Not compared to last year it wasn't. A very deceptive headline. A blinkered management here still very much in denial

[bc4] 29/11/2017 07:57

It looks like the HSS is turning the corner to me you have to start somewhere

[dealy] 27/11/2017 22:13

The company is worth more than the debt. Ergo the equity has some value

[bc4] 27/11/2017 15:36

Well we will see update coming on the 7 December

[pugugly] 27/11/2017 14:55

Illogical price movement (imo) today - Anyone know if tipped in a penny dreadful over the weekend ??