LoadsaDosh2
13 May 2016
Re: ONWARDS AND UWARDS! Broker forecasts all below current price; wonder what is driving it. Unfortunately still waiting to break even here but wondering whether to sell out now before it tanks again.
tradingup
12 May 2016
ONWARDS AND UWARDS! Strange that previous BB users have igorned this stock as it has steadily climbed out ofthe pit in recent months to trade above £1 again. Previous posters who bought in at 57por thereabouts now showing a handsome profit unless they;ve aleardy takn it off the table.I bought at 57 and 70 and no intention of selling just yet. I keep seeing those blue and yellowHSS vehicles whizzing around East London so hopefully they're doing something good.
Ripley94
10 Apr 2016
Re: ANYONE OUT THERE? Write up on SP site who are recommending short.they refer to rummer of sdy takeover bid ?
tradingup
21 Dec 2015
ANYONE OUT THERE? Mine seems to have been the last post when the sp was really struggling. since then there's been a change of CEO and what seems to have been an upbeat annual report and the sp looks to have responded accordingly - but I seem to be on my own here?
tradingup
27 Nov 2015
CHANGE OF FORTUNE Pleased to see an upbeat set of numbers and reasonably optimistic outlook and some improvement in the sp. Been some rather negative posts about this company but from what I see it seems to be doing ok.Spotted a number of their vehicles rushing around in London and one truck which was delivery a load of gear to a multi million pound new build eco house. so don't think its all as bad a picture as some posters have made out.
nk1999
02 Oct 2015
Peel Hunt "‘Oversold’ HSS a share for the patient investorHire group HSS (HSS) has undergone a ‘baptism of fire’ which has left the shares oversold, according to Peel Hunt analyst Andrew Nussey.Nussey initiated coverage of the stock with an ‘add’ recommendation and target price of 70p. The shares edged a penny lower to 61p yesterday.‘Two profit warnings within six months of the initial public offering have left HSS badly bruised,’ he said‘While it will take time to re-establish credibility with investors, we believe that the underlying HSS model is robust. Our full-year 2015 earnings per share estimates are towards the lower end of consensus but for the patient investor, willing to ride out the near-term challenges, there is scope for outperformance. We initiate with an “add” recommendation but would look to turn more positive as trading and return on capital employed momentum strengthens.’ "From Citywire.
tradingup
28 Sep 2015
weak but steady after its horrendous recent falls and the sacking of the CEO the SP seems to have found some support at its current level and even in today's torrid market falls it has held steady. hope for a steady as she goes signal?
mildmouth
28 Sep 2015
Re: Good entry point Well, we have the change of management but not the extra information needed.Spankaroo's purchase may be well timed, but in the absence of new clear information I can never trust a company which floats in this way, immediately to lose its new investors a fortune.My worry is that if the new information - which is desperately required - were genuine it would result in a write off which would be downright fatal for the current management, and therefore, I would wish to see a new appointment from outside, at which point write offs and improved credibility would go hand in hand.If I am being too pessimistic, then good luck to Spankaroo who will clean up!!
mildmouth
08 Sep 2015
Re: Good entry point You might well be right for the valid reasons given, however, putting those aside I have a major problem witha) Massive Goodwill on a balance sheet for something as simple as a hire company with low cost of entry. If it is there because of what someone paid in excess of net assets, then they overpaid! Intangibles are being used now in some apparently high performing motor groups, but in reality it is a way of manipulating profits....... until the chickens eventually come home to roost in the form of a weak market, and/or a change in management and a major write off.b) EBITDA is effectively meaningless for a hire company where a significant part of the cost of sale is interest. You can increase EBITDA by buying more assets and renting at low prices, but that might also reduce your net PBT, so what is the point in having such a measure?This is why I will not be joining you with an investment but good luck with yours.
spankaroo
08 Sep 2015
Re: Good entry point From memory Exponent paid £158m for HSS in 2012, thus the intangible - it still retains 37.5% Management have around 3.5%. The BS is weak, but its an operationally geared company and trading at the EBITA is where the management must focus and Exponent won't be happy with its performance - expect heads to roll. As the debt is well structured in HSS favor, I'm not to bothered about the BS. The sector is robust and HSS should be able to turn the situation around. A merger with Speedy Hire wouldn't be a daft idea? Worth a flutter at these levels on a 12 mth view, so picked some up at 57p
mildmouth
07 Sep 2015
Re: Good entry point I would agree wholeheartedly with the point you made that the flotation of this stock is laughable, except that it is also a disgrace. A company displays confidence, floats at a high price and then within no time produces mysterious warning statements which can only show that the management had no clue what was going on..... or worse.....I just checked this stock for the first time, thinking due to its fall that it may be cheap but take away intangible assets - which in the circumstances may be worth nothing - and the stock is still very expensive in net asset terms. As for the trading what possible confidence can anyone have?I feel sorry for those who invested and who must be feeling aggrieved ..... or worse. Any investment now is an out and out gamble until new management provides some proper information which can be believed.
spankaroo
07 Sep 2015
Re: Good entry point With its bond not repayable until 2019 and has no covenants and its revolving credit facility well covered buy EBITDA, the current valuation looks like a temping opportunity. Now a good entry point on a 12mth view IMHO. Berenberg Bank hasn't helped sentiment by dropping its price target from 200p to 60p, which is laughable as it was co-manager at the IPO stating it was a buy at 210p. On a eps of 6.5p (my figure) for 2016 its currently trading on 9x. Numis has 7.4p and JP Morgan 13.3p. Sector is trading on 12x.
spankaroo
28 Aug 2015
Re: Good entry point Big seller in the market which looks like they are nearly out. The situation is being compounded by momentum short sales. Overdone and should be trading around 85-90. Time will tell. See Lavendon came out with its interim's which weren't bad, so sector still looks intact
tiptoptim
28 Aug 2015
Good entry point An overpriced IPO which is now looking very cheap on an 18 month view. They have big cost savings planned for the next 12 months and are expanding in a fragmented market.
Vestan_Pance
28 Aug 2015
Good Entry Point? 70p seems a reasonable entry point to me.The EBITDA, whilst flat, is reasonable and significant depreciation charges could be offset by better utilisation of the existing assets that are available for hire. HSS are a strong player in this market and have achieved major growth with acquisitions of specialist businesses, which have a better margin, If they can improve profitability of the Core, they can turn it around, but its still a fairly big if.
