Share Name Share Symbol Market Type Share ISIN Share Description
Hyve Group Plc LSE:HYVE London Ordinary Share GB00BKP36R26 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -10.30 -10.17% 91.00 1,755,697 16:35:09
Bid Price Offer Price High Price Low Price Open Price
92.00 93.05 99.30 90.65 97.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 105.08 -312.92 -171.60 265
Last Trade Time Trade Type Trade Size Trade Price Currency
17:58:18 O 34,615 94.684 GBX

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Hyve Daily Update: Hyve Group Plc is listed in the Media sector of the London Stock Exchange with ticker HYVE. The last closing price for Hyve was 101.30p.
Hyve Group Plc has a 4 week average price of 90.65p and a 12 week average price of 90.65p.
The 1 year high share price is 158.20p while the 1 year low share price is currently 83.05p.
There are currently 291,640,907 shares in issue and the average daily traded volume is 567,331 shares. The market capitalisation of Hyve Group Plc is £265,393,225.37.
yorked: Back in HYVE and bought 10k shares under 103.50p today.
amelio: Hyve about to wake up? First stop 120
amelio: Pre rights issue, post there's plenty of upside but I expect the real gains won't be seen until next year.For me it's nice recovery share that will reward with patience.
yorked: Out of HYVE since 24 June, still watching and it looks very positive today.
charlie9038: https://www.voxmarkets.co.uk/articles/q-a-with-ken-wotton-managing-director-at-gresham-house-37a0e5c/ Hyve 70 mins in
yorked: The price for the PIPE deal will be higher than the current share price.
fairtrader66: SIG Plc share price has almost doubled since their PIPE chatter
paleje: Liberum upgraded Hyve Group to a 'buy' rating on Monday, arguing that the events specialist was well-placed to benefit as the sector reopens. The broker, which previously had a 'hold' rating on the stock, noted that domestic exhibitions and conferences were already returning, supported by the successful vaccine rollout programme, while international shows were expected to resume from early 2022. It continued: "Hyve is better positioned for recover than its peers, giving its market-leading position, and supplemented by hosted meetings we believe the group can return to high single-digit normalised revenue growth." Liberum, which also upped its price target on the stock to 140.0p from 120.0p, believes the firm will see a near full recovery in 2024 compared to 2019, "which is perhaps conservative but provides room for further disruptions". Updating on trading last month, Hyve, formerly known was ITE Group, said half-year sales were likely to be sharply down on the previous year. But it also confirmed it had been able to run 12 in-person events in Europe and Asia during the period.
oakridge: nomdeplume....joined this thread to discuss HYVE... is this company now grossly undervalued or am I missing something? there is a lot of discussion about this company on the 'other site'....but not so much here on advfn.....so here goes... have looked through past history and recent events..... the fall in share price obviously due to covid19 situation.....but getting a handle on current fair valuation is slightly complicated not only by the share consolidation but also the rights issue..... here is my thinking (please someone pull me up on my calculations, if I've made a glaring error - I'm no accountant): prior to Covid hitting, by the looks of things this company was performing well...it had just acquired two strategically significant companies in the US and had just entered the FTSE 250. The shares were moving upwards and trading at c.100p. With the (then) 815.8M shares in issue hyve had a market cap of c. £815.8 M. Since then Covid has hit and the share price has collapsed. There has been a share consolidation and a rights issue. With only 81.58 M new consolidated shares now in issue, the company, at 136p (as of Friday) is currently valued at around £110.95M Given that the company has just raised this amount via the rights issue, it is, in other words, currently valued at just cash with zero attributed for anything else. On the 12th June, the 183.5 M rights Issue shares will be added and come to the market. This will increase the number of total shares in issue to c. 265M. If the price of 136p remains, the company will then be valued at c.£360M. Remove the cash from that and you’re left with the market valuing the rest of the business at around £250M. This new valuation, in contrast to how hyve was trading/valued before, would represent a 'Covid hit' of some - £560 million......(it was heading towards a £1 Billion valuation in February, just prior to covid) Given that the rights issue effectively secures the future of the company for at least this year and into next - by which time the company anticipates trading to kick start once again - this £560m gap in valuation looks completely overdone to me.......but am i missing something?? I am totally open to opinions on this. The strong buying in the market at these levels suggest that the shares will be strongly bought on any potential future weakness. Some rights issue shares being sold into the market after the 12th may create such a dip....or perhaps that will be minimal?? In reality, I question how many of those shares will be sold? As the Rights Issue was fully underwritten perhaps it will depend on what proportion were taken up by existing holders and what proportion will be taken up by the funds and banks. I have scanned through the rights prospectus on hyve's website. The existing share holder structure here is as follows: RWC Partners 12.54% BlackRock 7.93% Brandes Investment Partners 7.90% Fidelity Management 6.97% Amiral Gestion 5.61% Bestinver Asset Mngt 4.98% Invesco Canada Ltd 4.11% Legal and General Inv Mngt 4.21% J.O. Hambro Capital 3.53% Franklin Templeton 3.61% Therefore the free float (which actually includes managements holding) is only around c.38% (c.100M shares) of the entire newly issued share capital. management have said they are all taking up full rights and have also said that funds and banks are all in and supportive in principal. as someone pointed out, banks have also been happy to shelve any debt for a full three years. my hunch is that the share price could see a strong recovery from here over the coming year. it would not make sense for the significant shareholders (who effectively own the lion's share of the business) to sell down here at these lowly levels... what do other's think? Thanks.
elgordo: The "additional" 1350 shares are your rights - each one gives you the right to buy one normal share for 69p. Because this is below the current market price, the rights have a value in their own right. So, your main choices are: - exercise your rights, i.e. pay 1350 x 69p = £931.50 to buy 1350 new shares (you could choose to only exercise some but not all if you wish) - sell your rights; they should each be worth roughly the current Hyve share price less 69p (again, you could sell just some, and exercise the rest) - do nothing, it which case the rights become worthless on 8 June
Hyve share price data is direct from the London Stock Exchange
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