blackrose
30 Aug 2017
H1 Results Frustrated holder since the IPO - H1 losses today of (£30m) no surprise given the flawed operating model. New management team will try and make current model work and then realise 18 months down the line that they are pushing water up hill and will pay the penalty - in the meantime share price continues to decline (down today by 9p to new low)
nk1999
26 Aug 2017
Re: NEW ARTICLE: The week ahead: Ladbrokes C... "Wednesday 30 AugustSteve Ashmore steps up to the podium for his maiden set of interim figures as new boss of HSS Hire (HSS) Wednesday.Ashmore took over the reigns at the tool and equipment hire firm on 1 June, having been UK managing director of distribution at rival Brammer. He had previously been UK MD at plumber Wolseley (WOS).Clearly, he's not been there for long, as he pointed out at July's Q2 update, but investors will be intrigued as to what details he will give on his plans to drive the business forward.Broker Panmure Gordon left its first-half forecasts unchanged, and expects to see reported numbers dip in the first half before improving as the year progresses. It's reduced FY17 capex forecasts by £4 million, to £37 million, and reckons net debt for the year will come in at £202 million.Shares have disappointed year-to-date and currently sit one-third below where they started January at 54p. However, Panmure analyst Adrian Kearsey has a 'buy' rating with target price of 115p on the stock.Kearsey says the fact that HSS shares trade well below 1 times on a net book ratio indicates investors have turned their backs on the company. However, "we expect underlying revenue trends will encourage the peripheral buyer"."That said, we acknowledge the higher depreciation charge will discourage some and that most investors are likely to wait until Ashmore."
II Editor
25 Aug 2017
NEW ARTICLE: The week ahead: Ladbrokes Coral, HSS Hire "Bookie Ladbrokes Coral kicks off interim reporting season in a shortened trading week. HSS hire also comes to the market in a quiet four days for corporates.Monday 28 AugustBank holiday.Tuesday 29 AugustTrading StatementsBunzl, Globaltrans ..."[link]
nk1999
09 May 2017
Liberum From ADVFN:"Liberum initiated coverage of HSS Hire at 'sell' with a 46p price target.The brokerage said its cautious view is predicated on concerns over the constraints the group's leverage is having on its ability to deliver growth in the rental business."Given the margins on offer in this segment, we see risks to medium-term consensus estimates from lower than expected rental revenues. With the current valuation failing to fully reflect these risks, and the absence of any yield support, we initiate with a sell."In addition, Liberum said it sees material downside risk to the company's equity base given the growth rates currently underpinning the goodwill associated with the core rental business.The brokerage said that given the nature of HSS's business, it's appropriate to value the company on an asset basis and on this basis, it reckons the shares are currently worth 46p, suggesting that despite the recent weakness they are still overvalued."When brokers finally wake up and start to say SELL then it must be approaching the bottom, surely, and ready to start rising?nk
nk1999
14 Apr 2017
IC View "IC VIEW:HSS has a lot riding on whether the new platform will be able to improve performance of the rental division. With the shares trading at 18 times forecast 2018 earnings, and the debt-laden balance sheet, we see no reason to buy in now. Hold.Last IC view: Hold, 79p, 31 Aug 2016 "[link]
nk1999
10 Apr 2017
Re: ANYONE OUT THERE? Tosca have further increased their holding to above 26% as per RNS out today.Something cooking?nk
blackrose
05 Apr 2017
HSS Results 9% revenue growth sounds promising but all of it has come from one account - AmeyMost of the revenues generated with Amey are what they class as "Services revenue"Services revenue or rehire revenue is generally low margin - rental companies make their profits on renting out their own assets and not 3rd party assets.the loss of (£17m) is worse than last year but attributed to exceptional factors. Having a stated objective to open 50 stores a year (read previous presentations) and then in the current presentation cite exceptional costs for closing a similar amount is confusing for the investor.All management's hopes are pinned on the central logistic model working - if you examine the other key players in the Market -A Plant/ Speedy/Vp/Aggrekko/Lavendon/Gap/Brandon or you venture further afield into europe with Loxam/Boels or the US with United Rentals/Sunbelt none of these operations work with a centralised logistic model but they all deliver in the main consistent healthy profits, strong margins.Perhaps they are all doing it wrong! Time will tell whether HSS can break the mould - at the moment all you can say is they are adopting a different model but as an investor from the start, I want to see this translate into decent shareholder return -I fear i may be waiting some time!
nk1999
23 Dec 2016
Times- Tempus Today says "Avoid".The $13m raising will not help with debts of $240m in place. Vote of confidence by the largest shareholders, but too early to buy for recovery.
nk1999
22 Dec 2016
Re: ANYONE OUT THERE? Exponent sold @ 210p per share early 2015, and are now getting shares allotted @ 83.875p per shares. Nice work for them (not so for the retail investors that bought at that time).Interesting that Tosca holding will go above 25%, so they will have a bigger say in what goes on. Between Exponent and Tosca they will control over 75% shares and they can, theritically, do what they want after this placing.Interesting times.nk
Ripley94
22 Dec 2016
Re: ANYONE OUT THERE? RNS.. Placing @ 83.875.No movement in today's opening price by 9 am.
blackrose
27 May 2016
Director share sale Some meaty disposals by Business Directors - do they think the share price has maxed out?
Simbrad
26 May 2016
Read Beaufort Securities's note on HSS HIRE GROUP PLC (HSS), out this morning, by visiting Research Tree "HSS recorded a good performance in Q1 2016 with growth across both its business lines. The company's margins improved due to cost reduction actions implemented in 2015. HSS witnessed utilisation improvements across the group, with core utilisation rising 2% to 49% and special utilisation increasing 4% to 76%. The company's new NDEC would aid its extensive branch network and web capabilities. However, HSS's huge debt remains a factor potentially limiting its ability to fully participate in the continuing recovery. Moreover, a Brexit vote on 23rd June 2016 would likely further dampen the company's prospects. Beaufort's 2016E EPS forecast remains toward the upper end of ... but current uncertainties mean that Beaufort has decided to cut..."
II Editor
13 May 2016
NEW ARTICLE: Share of the week: Big bet on the unloved "Following an uninspiring five days for the FTSE 350, we had to cast the net a bit wider to find a company worthy of becoming our Share of the Week. But it didn't take long to find £180 million tool hire firm LSE:HSS:HSS Hire, lodged firmly at the ..."[link]
LoadsaDosh2
13 May 2016
Re: ONWARDS AND UWARDS! Well Tosca or no Tosca, I decided to sell up for a 15% loss. The last set of results showed losses increasing. I am really surprised the price has risen this much. I made a mistake with this share. Tools are generally cheap to buy from the likes of Amazon and often not worth hiring. Good luck to holders; maybe Tosca knows something.
LoadsaDosh2
13 May 2016
Re: ONWARDS AND UWARDS! Well on LSE they reckon it's Toscafund buying in:[link]
