NEW ARTICLE: HSS Hire turns lower after warning "It's been listed less than five months, but LSE:HSS:HSS Hire is already in trouble. April and May were weak, and demand for its cooling equipment has slowed. That caused the tool hire firm's share price to slump by a third on Monday, suggesting ..."[link]
NEW ARTICLE: Trends and Targets for 23/06/2015 " HSS HIRE (LSE:HSS) has a shark in the water below 155p. Since the share started trading at the start of February, 155p has represented a logical bottom and the price is getting painfully close. Ideally we shall be looking for a bounce anytime ..."[link]
Telegraph- Questor "The Questor Column:Avoid HSS until it is profitable: The first set of results from tool hire firm HSS since coming to the stock market holds few reasons to buy the shares. The company reported a loss before tax of £8.5 million for the 12 months to the end of December. It generated operating profits of £23.6 million from customers renting tools and equipment but that was outweighed by interest repayments on its debt pile, which totalled £31 million in the same period. The group came to the market on February 9, when it issued about 44 million shares, or 35% of the total share capital, at 210p per share, valuing the group at £325 million. The company raised a total of £103 million before expenses, but the majority of the cash raised went to repay loans from its previous existence as a private equity-owned company. Two years is a long time for investors to wait for a marked improvement in financial performance. During that time equity investors are exposed, as the company is forecast to have net debts of £158 million at the end of 2015, against net assets of £181 million. Cash generation at HSS is also fairly tight, once buying new tools and interest repayments are taken into account. The company is expecting to pay a maiden dividend of 3p this year, but that will be paid out of debts the first time round and provide a prospective yield of 1.4%. The shares, trading on 18 times forecast earnings, are looking expensive given the risks and are best avoided until we get a better idea of profits. HSS Hire unchanged at 209p Questor Says Avoid. "
Results Very positive commentary but not really reflected in the numbers - revenue growth of circa £70m generating only £2m of incremental operating profit! Winning business but at poor margins
Re: HSS Broker Views HSS Hire Grp broker viewsDate Broker Recommendation Price Old target price New target price Notes17 Mar Numis Buy 0.00 - 235.00 Initiates/Starts17 Mar JP Morgan Cazenove Overweight 0.00 - 250.00 Initiates/Starts17 Mar Berenberg Buy 0.00 - 225.00 Initiates/Starts16 Feb Beaufort Securities Buy 0.00 - - Reiterates
Re: HSS Broker Views <b>HSS Hire Group PLC Receives New Coverage from Analysts at Berenberg Bank</b> (HSS)March 17th, 2015 Updated 19/March/2015 0 comments Filed Under by ABMN StaffInvestment analysts at Berenberg Bank started coverage on shares of HSS Hire Group PLC (LON:HSS) in a note issued to investors on Tuesday. The firm set a buy rating and a GBX 225 ($3.32) price target on the stock. Berenberg Banks price target would indicate a potential upside of 15.09% from the companys current price.Separately, analysts at Beaufort Securities reiterated a buy rating on shares of HSS Hire Group PLC in a research note on Monday, February 16th.HSS Hire Group PLC (LON:HSS) traded up 1.30% on Tuesday, hitting GBX 195.50. 274,384 shares of the companys stock traded hands. HSS Hire Group PLC has a 52 week low of GBX 185.20 and a 52 week high of GBX 210.00. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The companys market cap is £230.28 million.
Re: HSS Broker Views <b>HSS Hire Group PLC Coverage Initiated by Analysts at JPMorgan Chase & Co. </b>(HSS)March 17th, 2015 Updated 19/March/2015Research analysts at JPMorgan Chase & Co. began coverage on shares of HSS Hire Group PLC (LON:HSS) in a report released on Tuesday. The firm set an overweight rating and a GBX 250 ($3.69) price target on the stock. JPMorgan Chase & Co.s price objective indicates a potential upside of 27.88% from the stocks previous close.A number of other firms have also recently commented on HSS. Analysts at Berenberg Bank initiated coverage on shares of HSS Hire Group PLC in a research note on Tuesday. They set a buy rating and a GBX 225 ($3.32) price target on the stock. Separately, analysts at Beaufort Securities reiterated a buy rating on shares of HSS Hire Group PLC in a research note on Monday, February 16th.Shares of HSS Hire Group PLC (LON:HSS) traded up 1.30% during mid-day trading on Tuesday, hitting GBX 195.50. 274,384 shares of the companys stock traded hands. HSS Hire Group PLC has a 52-week low of GBX 185.20 and a 52-week high of GBX 210.00. The stocks 50-day moving average is GBX 0. and its 200-day moving average is GBX 0.. The companys market cap is £230.28 million.
Re: HSS Broker Views <b>HSS Hire Group PLC Now Covered by Analysts at Numis Securities Ltd (HSS)</b>Posted on March 17, 2015 by Stefani Robinson in Analyst Articles - UK, Investing Updated 19/march//2015Numis Securities Ltd began coverage on shares of HSS Hire Group PLC (LON:HSS) in a research note issued to investors on Tuesday. The firm issued a buy rating and a GBX 235 ($3.47) price target on the stock.Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of HSS Hire Group PLC in a research note on Tuesday. They set an overweight rating and a GBX 250 ($3.69) price target on the stock. Analysts at Berenberg Bank initiated coverage on shares of HSS Hire Group PLC in a research note on Tuesday. They set a buy rating and a GBX 225 ($3.32) price target on the stock. Finally, analysts at Beaufort Securities reiterated a buy rating on shares of HSS Hire Group PLC in a research note on Monday, February 16th.HSS Hire Group PLC (LON:HSS) opened at 196.500 on Tuesday. HSS Hire Group PLC has a 52-week low of GBX 185.200 and a 52-week high of GBX 210.000. The stock has a 50-day moving average of GBX 0.0 and a 200-day moving average of GBX 0.0. The companys market cap is £231.46 million.
HSS Broker Views HSS Hire Group........... 17 Mar Numis 235.00 Buy17 Mar JP Morgan... 250.00 Overweight17 Mar Berenberg 225.00 Buy
Short Looking for a short here at 205p or better. 150p target,.
brought 194.41
Re: IPO Has lost money for the last 5 years - not sure how a flotation is going to alter that. There are far better rental investment options to be found in the sector
Re: IPO I decided to avoid this one but will keep an eye on it
IPO Off to a bad start falling from " low rang 210" to 203....When the ft up 80 yesterday