Hss Hire Share Discussion Threads

[dealy] 04/12/2020 17:31

So, episode behind us now. 700m shares outstanding giving a market cap of 90m. Net debt down to be about 100m now. Has a good chance to benefit from the upturn in growth.Will be on AIM in new year

[mjb252] 04/12/2020 14:27

Great debate both - I wish all BBS on ADVFN were like this. Great insight and opinions - Many thanks. I'm slightly on the bull side at present but waiting for early next week to get involved

[baddeal] 04/12/2020 13:50

Ok I get the 27pps calc which is purely theoretical and they're a long way from that. If you're right good luck. it would still require a 30-40% step up in profitability from where they are today plus a demonstration that the business can generate real free cashflow, something it has failed to do for years and servicing debt at 8% in the current market when competitors are borrowing at 3-4% just doesn't work imho.

[dealy] 04/12/2020 10:31

I was saying that at 200m market cap the shares would be 27p.I wouldn't read too much into PI's not taking up entitlements. That hs been a constant theme this year.You're basing your assumptions of future performance on the recent past which has been againstvthe backdrop of an awful economy. Dozens of companies have raised equitythis year to reduce debt - that is not unusual.Going forward the company is perfectly capable of generating normal industry margins on its substantial revenue base

[baddeal] 04/12/2020 10:18

Dealy your maths is wrong. c740 shares at say 12 p/share is £90m market cap. Don't know where you get 27pps from. Virtually none of the small investors took up their entitlement which says a lot. Most have already suffered a 95% loss and yet same chair and none execs will be at the egm today!Numis will do their best to flog out the rest today I'm sure but none of the original institutions will go near it imho.Fundamentally this business doesn't generate the margins to deliver a cash return that's why it has struggled. It is entirely dependant upon delivering top line growth and clearly that hasn't happened this year. This equity raise saves them from a debt default and buys some more time but there is no compelling equity story in my view other than a take private at a small premium by tosca et al and then trying to replace expensive debt with more equity and lower cost bank debt to improve cash generation.

[dealy] 04/12/2020 07:10

So 50m shares on offer today for institutions at 10p. I reckon they will find buyers easily. Will probably make the price dip this morning with recovery next week

[my retirement fund] 03/12/2020 17:58

Can you trust them? This company has proven by it's past performance that it wouldn't have been able to hire lifebuoys to the passengers on the titanic.

[dealy] 03/12/2020 16:47

Thanks bad.Had a quick glance. Once the transaction is completed by December 7th or 8th there will be 737m shares in issue, but the company will be 50m better off.So what is the newly capitalised company worth? 200m? That would be 27p per share. That should be achievable soon. Also if animal spirits are with us next year post Covid then we could see a strong business performance.

[baddeal] 03/12/2020 15:39

It's all in the prospectus online

[dealy] 03/12/2020 14:27

Doesn't seem to be info on when this fund raising will be completed

[diku] 18/11/2020 21:11

So Placing at 10p...will the price eventually visit 10p in due course?...

[my retirement fund] 18/11/2020 20:59

Aren't Ravensworths services usually involved in providing death spiral funding?

[46maxon] 27/10/2020 08:16

Been here before! I’m jumping ship!!

[baddeal] 26/10/2020 12:02

It had to happen but hardly solves the free float issue which I see they are still pondering over.

[bennya] 26/10/2020 08:09

That placing gonna hurt... why such a discount I wonder?

[baddeal] 22/9/2020 08:30

Interims normally published in August. Being held back for some reason?

[pugugly] 18/9/2020 09:34

Could this be terminal? Vultures circling? Could this be a bargepole stock - one of the walking dead?

[baddeal] 27/5/2020 12:30

Stella.......notNothing said about free float. Board burying heads in the sand, again.

[ntv] 05/9/2019 07:56

Got to increase free float by August 20
So they will need to do a placing

[baddeal] 15/7/2019 16:42

? does anything happen with this one?

[hybrasil] 31/8/2018 12:12

Beginning a renaissance !!

[volsung] 15/6/2018 08:46

I'm out. Too boring

[volsung] 29/5/2018 09:55

Like the cut of this little share's jib. I'm in