Hss Hire Share Discussion Threads

[qsmeily456] 29/4/2022 10:11

Losers

QsmeIly456

28 Apr '22 - 08:14 - 838 of 851  Edit

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U 🐘💩🛩💥9651;🩳Ԑ51;🤣🤣;🍾🥂🪟👅
28069;

[mjneish] 28/4/2022 14:25

Improved sales help HSS cut debt
Hire company returns to profit

April 28, 2022
By Michael Fahy

A recovery in revenue and the sale of two divisions helped HSS Hire (HSS) to continue making inroads into cutting its debts.

The tool hire firm, which has been downsizing its branch network and opening concessions within builders’ merchants instead, reversed a pre-tax loss of £29.6mn in 2020 into a profit of £6.1mn last year as it grew revenue by 21 per cent to £303.3mn. It has benefitted from a strong recovery in the construction sector, with orders in March growing at their fastest rate in seven months as more commercial projects started following the rollback of pandemic restrictions.

HSS made a combined profit of £41.2mn on the disposal of its air conditioning equipment arm All Seasons Hire heating and its Irish equipment rental arm, Laois Hire Services.

The sales brought in almost £65mn of cash, which was used to cut its reported net debt by 46 per cent to £104.6mn. Excluding leases, the company said net debt has been reduced to 0.8-times adjusted earnings, from 2.6-times 12 months earlier. Revenue for the first quarter of this year is up 13 per cent but the company said it would increase capex to around £35mn-£40mn, from £34.2mn in 2021, to improve its digital offering.

The company’s shares edged up 1 per cent to 16p, which is less than 7 times FactSet’s consensus earnings forecast of 2.35p per share. Buy.

[my retirement fund] 28/4/2022 14:24

Still stupid value here. Lets not forget Alan Peterson bought 1.5 million shares back in January at 16.9 pence !

[knowing] 28/4/2022 12:35

Seems as though the only person expecting a dividend here is the only negative poster. This is trading under fair value and I would expect to see some revised Broker upgrades shortly.

[my retirement fund] 28/4/2022 11:01

This is so primed to recover, with prudent management in a few years time this could be a business worth 500M easy now.

[mjneish] 28/4/2022 10:50

Cash is down since nearly £200 million in borrowings was repaid in the course of the last 12 months, but still accounts for 37% of the current market cap. They are trading below NAV (PB ratio currently 0.71 compared to 0.82 for VP. and 1.21 for SDY).

Currently trading at just 2.6x operating cash inflow (after CAPEX interest and tax) which seems to be very low indeed.

[qsmeily456] 28/4/2022 10:08

16.25 sell dropping.

No news now for months 🤣🤣

[qsmeily456] 28/4/2022 10:05

🩳🩳🩳🩳 the spikes 🪟👅👅🤣9315;🍾ԍ46;

[qsmeily456] 28/4/2022 09:00

QS...2 🤣 new 2 to the thread with my initials 🤣🤣🤣

Look at speedy hire.

Share price fell after results and they've got a share buyback scheme 🤣🤣🤣🤣9315;

Good results here and it's hardly up 🤣🤣🤣

🎄🌲🌳🛩8165;🍾ԍ46;🤣🤣;🤣🪟👅👅

[my retirement fund] 28/4/2022 08:59

Only way from here is up. A long term buy!

[qs99] 28/4/2022 08:46

Strong results, am new to the thread/co. but looks like it could be in a decent place to now keep chucking off cash no? In which case its "low" value IMO will start getting interest. Am in for the ride....DYOR

[qsmeily456] 28/4/2022 08:45

It's tumbling back 10p anyone 🤣🤣🤣

No divi.......

Expect this to fall further over the nexfew weeks 🤣

[knowing] 28/4/2022 08:21

Strong results and should see a sustained recovery in the share price

[qsmeily456] 28/4/2022 08:14

U 🐘💩🛩💥9651;🩳Ԑ51;🤣🤣;🍾🥂🪟👅
28069;

[bc4] 28/4/2022 08:13

What are you on about YAWN

[qsmeily456] 28/4/2022 07:47

And for balance u amateurs speedy PE 17.6 So you do the maths 🤣🤣🤣🤣

Clue....EPS X PE =

[qsmeily456] 28/4/2022 07:37

the Board believes that the interests of shareholders are best served by not declaring a dividend......

through further investment in our digital capabilities......

Like I said good results

No divi

Increased management hand outs and options with further dilution to shareholders

They don't give a 💩 about shareholders....just a tiny mention at the end of the results sayjng thanks......

Oh yeh who did you massively dilute to stay afloat? ......All you mugs that bought them and might still be trapped in 🤣🤣🛩💥9651;🩳Ԑ51;

[philmac56] 28/4/2022 07:20

Revenue

Group revenue grew by 21.3% to £303.3m (FY20: £250.1m) and recovered back to pre-pandemic levels through effective strategy execution. This is against a backdrop of COVID-19, including the impact of stricter lockdowns in some territories in the early part of 2021.

Group revenue growth is one of our KPIs as, combined with estimates of market size and growth rates, it provides us with a measure of our market share.

[philmac56] 28/4/2022 07:13

Quote..
Materially stronger balance sheet with leverage on a non-IFRS16 basis reduced 1.8x to 0.8x

· Net debt7 reduced to £45.4m (2020: £120.4m)

· Sales of Laois completed for net proceeds of £10.0m and All Seasons Hire for £54.3m

· Refinancing completed, reducing the ongoing annual interest charge to around £3m8 (2020: £16.3m)

[qsmeily456] 26/4/2022 21:48

10p here it comes 🛩💥🩳🌲7795;🌴Ӿ76;🪟👅;👅🤣

Roll on tomorrow got a decent 🩳 16p 🤣

[lord gnome] 26/4/2022 16:49

Don't feed the troll. He will disappear again on Thursday.

[qsmeily456] 26/4/2022 16:47

Trapped in r we......ouch 🤣🌴🤪🌳7794;🩳Ԑ51;🛩💥;

[1pigshit] 26/4/2022 16:45

smelly you stink now f off

[qsmeily456] 26/4/2022 15:12

Price action says it all

Good results but poor value
No value to holders of the shares in a divi

Just more dilution through generous management options

Massively diluted during lockdown and no buy back scheme just spending the cash.....🩳🛩💥9326;