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Every reason to hold onto this long term, the price will recover alongside the global recovery in my opinion, good luck all.
OAKP20......thinking of eating your words now amigo? It’s up and staying up from this level. Viagra not required:-)
The sp is moving up with good reason. Institutional investors own more than half the issued stock. Hedge funds don't have many shares in Hyve Group. The company's largest shareholder is RWC Partners Limited, with ownership of 12%. For context, the second largest shareholder holds about 5.4% of the shares outstanding, followed by an ownership of 5.1% by the third-largest shareholder. The general public own about 10%. It’s currently a small cap stock which appears is considerably undervalued. Revenue is anticipated to grow by a healthy 27% year on year for the next 3 years. I can see long term holders (me included) aiming for a share price of £3/4 in the next year or so. There’s not a lot not to like about Hyve imho.
Good news coming about the Vaccines from around the globe, which carries our HYVE back to £0.8Bn - £1Bn mcap ranges. There might be some profit taking around here and there, pulling the share price down, but nothing to be demoralised about, remember many holders got shares cheap from the rights issue, and the Covid dips of around 0.60p.
Another interesting article on the FT today, talking about swift, on-premises testing.
"...Ministers are considering plans for “test with a ticket”, where customers will be offered a quick turnround test for Covid-19 as part of attending a concert or performance. “Those kind of things can really help us open up things with bigger numbers, where social distancing affects their ability to operate in an economic way,” one individual with knowledge of the plans said. But some Whitehall officials said the plans remained “at the very early stages” and “such measures would be part of efforts to reduce social distancing when we’re in a much better place”.
This could boost confidence and make real exhibitions happen sooner than we think! My two cents is this, along with Rolls Royce is the best Covid recovery plays, much better than the travel stocks which have already appreciated
anyone aware as to why this is flying? positive vaccine news??
Nice and steady does it. I am very happy with my buy-in price
Fingers crossed it can start holding 115-120p now.
FFS there’s octogenarians that can get it up and keep it up longer than HYVE
Just dipped my toe into Hyve with a £15k buy. I like the management team here, they are smart cookies and have coped well with the hand they have been dealt. Insurance payments are coming in, virtual events are taking place, physical events are still being planned. I see a very good recovery option here longer term.
Such a tease, come on hyve group you can push above 120p!
If theirs lockdown on and off like scientist say will this share ever recover or will this company survive lockdoncycles?
Hyve even with previous days rises is still only at about 40% of its pre pandemic price, when compared to other recovery stocks, albeit with faster recovery prospects, like Mitchel and Butler 85% and National Express 70%. Seems to me that this stock is still undervalued relative to the market by possibly 10-20% and if vaccinations continue to improve probably more.
Why is this flying ?
I don't know where you source that information, but Dubai 2020 Expo and Tokyo Olympics 2020 WILL be held this year, according to their boards. These are much bigger scale events HYVE can only dream of, and they are being done. Moreover, HYVE has organised shows DURING the Pandemic in many different regions around the globe, I highly doubt they will stop now.
With a claim like this, either show your sources (better not be the Guardian or smth) or risk being perceived as someone who missed their entry point around 70p, before the November Vaccine news spike, thus trying to pull the price down.
340p a year ago. (Before acquiring shoptalk, groceryshop and the virtual thingy).
That’s going to affect hyve now
OAPK20, apologies I just noticed I misspelt your nic initially. Sorry.
Hardly spreading far, theres only 7 odd people posted here in 3 weeks since the TU when to be fair I did comment on the lack of numbers. You dont want to talk numbers so I'll leave it there and we''ll see what the next update brings. But seriously-you could do worse than go back through historical RNSs and see how often theyve diluted.
physical, just re read your last para, very good.
You know what you are doing. Spreading doubt.
I didnt mention a fundraise.
My concern is that they raised quite early into COVID, which was understandable, but it's run on longer than anyone thought it would at the time. And now they have the 2 stress tests and they had £163m in cash and undrawn debt at the end of last November (and after that they spent the 18.8 on the purchase). I would just like to know how much of that is cash and how much is credit. Don't think theyre gonna say though.
At the end of the day us talking isnt going to chamge the price one jot. Wait and see I guess.
GL
Hyve is purely an organizer, they don't hold venues or any asset that chews up cash as a maintenance. I assume that overheads (mainly salaries) and minimal marketing spending (%20 of what it was when the shows were running) should be the only real cost here.
In fact, they must have had so much more cash than expected after the RI and cost saving measures, that they dished out some millions recently to buy a virtual expo concept. Its like Tinder, but you get connected to socially and virtually inept business people instead.
What is the “cash burn” being spent on?
If it’s a fundraise why did Helikon Investments Limited increase their holding to 15.05% 28/02/21 as per RNS instead of waiting for a discounted placing?
OAKK20-LOL. Nope, check my previous posts on here. One of us has been posting here a lot longer than the other. Spoiler alert. -its not you. I was the fly in the ointment pointing out that the back-plotted graphs after the RI were wrong, and rampers promises of £10 a share were pish.
Kings, cheers, but I was wondering if I had missed hard numbers. No, by the sound of it.
I continue to be in here, but was mulling increasing aiming for the return to 340. My one worry is that a) they have a history of issuing equity (over the years) and b) there is little mention of cash in rns (its lumped together with debt faciity).
So OAK what do you think about those 2 things?
RNS seems to point to having enough to last the year out, with the possibility of fully restarting events next year. I'm running on the assumption any dilution from issuance would be minimal especially if recovery hopes, intern price continue to rise, expecting a return to realtive normality by next year. Full year results are in May
Have you missed the rise ?
Gents,
After the last RNS which contained words rather than numbers, does anyone have a view re cash burn?
I've looked back at the previous notes but havent really been able to see a definitive answer?
Cheers.