Ripley94
01 Aug 2018
ANYONE OUT THERE? HSS… XXXX Among the big fallers today @ 31p… but the fall of 12.5% all in spread.
Ripley94
20 Jun 2018
ANYONE OUT THERE? HSS… XXXXXX would of thought today’s refinancing RNS was good news ?
II Editor
01 May 2018
NEW ARTICLE: Trends and Targets for 2/05/2018 " HSS Hire Group (LSE:HSS) Once upon a time, we thought it funny to decorate our charts with relevant cartoons. This particular idea provoked some complaints about 'unprofessional' reports, specifically with a comedy shark which lurked below ..."[link]
nk1999
26 Mar 2018
Re: Looking ripe for a buy out?? HSS seems to be in an uptrend at least for now.I am surprised, but not complaining.Does anyone have any news/ rumours that they may have heard?nk
Ripley94
14 Feb 2018
Re: Looking ripe for a buy out?? Steve Moore .. SPStill claims its a bargpole ..... Balance sheet problems.
blackrose
14 Feb 2018
Update today - good news that they are on track but absolutely scandalous that they can just write off £40m of errors from the previous management team. That is not exceptional it is just poor management decisions!
nk1999
14 Feb 2018
Trading Update HSS Hire Group plc ("HSS" or the "Group"
issues the following update ahead of the publication of its full year results for the 52 weeks ending 30 December 2017 on 5 April 2018. Trading Since HSS last updated the market on 29th November 2017, trading has been positive with the Group maintaining solid momentum. The Board is pleased to reaffirm that full year performance is in line with guidance given in August, of H2 adjusted EBITA of between £8m and £11m. Revolving Credit Facility HSS also announces that it has successfully agreed with its lenders to extend the £80m revolving credit facility (RCF), which will now mature in July 2019. Management continues to make good progress towards refinancing the Group and expects to complete this during 2018. Strategic Review Progress Update - Network changes In the Strategic Review announced in December last year, management outlined initiatives to reduce costs by £10m-£14m annually, of which £7m-£10m related to changes in the supply chain model. We are pleased to announce that agreement has been reached with Unipart, who operate the Group's National Distribution and Engineering Centre, to make changes to our supply chain enabling the realisation of cost benefits at the higher end of this range. In the first half of 2018, the testing and repair of all fast-moving products will be completed closer to HSS's customers, using the Group's skilled colleagues across our network of distribution centres and branches. This change will mean far better levels of utilisation and efficiency for the Group, with improved availability for customers as more products will be available for hire in branches. As part of these changes, the Group will recognise a provision for exceptional costs of approximately £40m, including an impairment of related assets of £7m. This is expected to give rise to a net cash outflow of £2-3m in 2018, followed by net cash inflows of £7-£8m annually over the following seven years. Steve Ashmore, Chief Executive Officer of HSS Hire Group plc said:"We continue to make good progress in implementing our strategy and today's announcement is a significant milestone in delivering further cost savings in our supply chain. With clear implementation plans and highly engaged teams, who have responded positively to the proposed changes, we are confident in achieving savings towards the top end of our targeted range. This operational progress, combined with the extension of our bank facilities and positive Q4 performance, creates a strong platform to build upon in 2018 and beyond."
tradingup
06 Feb 2018
grim outlook continues can only think might be worth a small punt in case someone like Speedy Hire comesalong to scoop it up?
Ripley94
07 Dec 2017
Re: Looking ripe for a buy out?? Must read Pens post 28/11/201 when i get a min.15% up today .. glanced at something on SP earlier..
BOWOOD
06 Dec 2017
Re: Strategy So with the strategic update due tomorrow today will be the last day ahead on any resulting rerate. From the recent trading update the implication was they were or had got to grips with the decline in performance and successive months since June had been profitable. HSS is highly operationaly geard and any increase in sales volume will have a major impact on the bottom line
BOWOOD
01 Dec 2017
Strategy I believe that the recent up beat trading update will be followed by a very positive strategy update next Thursday - 7 December as it is clearly working.
BOWOOD
30 Nov 2017
Press HSS has received some justifiable bad media comment over the past year or so but I now wonder if we can expect something more positive. There has been one broker issuing a more positive note and this could be the trend over the coming months and better than expected full year figures will also help. In six months time HSS could be a much better "investment" even if the share price may have doubled.
BOWOOD
29 Nov 2017
Buying It looks as if late buying could push us over 30p today.
BOWOOD
29 Nov 2017
RNS Looks like the start of the good news - start of the recovery in the earnings and share price move to the 40p - 50p range.
penhome
28 Nov 2017
Chart and thoughts Just having a look at HSS. I haven't looked at it before. So apologies if I'm repeating thoughts already expressed on this board. Chart wise, RSI is heading up on the weekly and out of oversold on the daily. Multiple doji last week with gaps up on opening yesterday and today. I think this looks bullish albeit from a low base.[link] on strategy update is due on 7th December.Hopefully part of this strategy will be to revamp its finance dept (if not done already) and explain how they can reduce admin expenses on the P&L side while sorting out expanding debtor balances in current assets and then short term borrowing on the liabilities side which would significantly help the balance sheet. Just needs a little tweaking and the EBIT losses will disappear and more cash should appear in the bank. Even with current turnover levels, greater control in these areas would make this look heaps better than the accounts at end 2016.Shares in issue are only 170m. Of these, 144m are held by three institutions with just £1m held by directors. So only 25m shares floating out there.Any thoughts?Pen
