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Where's HelpHire going? (HHR)     

hangon - 23 Aug 2011 18:13

Aug 2010 this was 35p - yet now it's 2.6p

Anyone understand this, or was the earlier sp too much "hope" -
I understand the other hire co Ashtead is down also.
Any views - ?

doodlebug4 - 03 Oct 2013 15:42 - 38 of 60

Something has sparked this off now - tipped somewhere?

mitzy - 09 Oct 2013 17:56 - 39 of 60

Almost there .

skinny - 27 Nov 2013 07:03 - 40 of 60

AGM Statement

At today's AGM, Avril Palmer-Baunack, chairman of Helphire Group plc will be
making the following statement by way of an update on current trading of the
business in respect of the period from 1 July to 27 November 2013. Unless
otherwise stated, the financial and operational data, where identified, relates
to the 4 month period that ended on 31 October 2013.

Current Trading

The Group's new financial year has begun well. Trading profits for the first
four months of the year are ahead of the corresponding period last year. Early
indications are that this trend has continued during November and the Board is
confident about the Group's prospects for the financial year as a whole.

Cash generation has continued to be positive and debtor days at 31 October 2013
were in accordance with our expectations at 128 days, reflecting seasonal
variations (30 June 2013: 126 days) and compare to 153 days at 31 October 2012.
Net cash was £4.3 million at 31 October 2013, (30 June 2013: net cash of £1.1
million), and compares to net debt of £101.0 million at 31 October 2012.

As previously reported, the refinancing of the Group that was completed on 28
March 2013 has put the Group on a much stronger footing and has raised the
Group's stature in the marketplace. As a consequence, the Group is being
invited to participate in an increasing number of commercial and other
opportunities which, if consummated, could provide a platform for more
significant growth in the future.

Autofocus

The Group has made good progress in the preparatory stages of the Autofocus
litigation and we have now identified several thousand cases that may have been
compromised as a result of unreliable evidence used by defendant insurers.
These cases are going through due process, which will allow the Group to
represent its losses to insurers. Subject to being satisfied that we have
identified the full extent of our losses, we expect to begin settlement
negotiations with insurers over the coming months. We intend, where possible,
to resolve matters with insurers without litigation. It would not be
appropriate to speculate on the outcome of any negotiations at this stage, but
we will provide an update when we are able to do so.

Dividends

The Group paid a first interim dividend for the year to 30 June 2014 of 0.110
pence per ordinary share (approximately £1.7 million in aggregate) on 25
October 2013. A total of £4.3 million has been paid in dividends since the
completion of the refinancing in March 2013.

In the absence of unforeseen circumstances, the Board intends to announce a
second interim dividend for the current year as part of its announcement of
results for the six months ending 31 December 2013. The Board expects the
second interim dividend to be 0.171 pence per ordinary share (approximately £
2.7 million in aggregate).

The Group's dividend policy is unchanged since the refinancing and remains to
distribute as much of the Group's profits by way of dividend as it can, taking
account of prevailing circumstances and other requirements or commitments.

skinny - 05 Dec 2013 07:10 - 41 of 60

£60M Placing to Fund Strategic Growth and Notice of GM

£60M PLACING TO FUND STRATEGIC GROWTH

Introduction

The Board of Helphire is pleased to announce that it has conditionally raised
£60 million (before expenses) by the proposed issue of 1,153,846,160 Ordinary
Shares at 5.2 pence per share. The net proceeds of the Placing of approximately
£57.5 million will be used to allow Helphire to continue its development as a
leading accident management services group.

The Placing is conditional upon, among other things, the approval of
Shareholders at the General Meeting. A circular relating to the Placing
containing a notice convening the General Meeting is expected to be posted to
Shareholders today.

Background and reasons for the Placing

Helphire's financial position has improved markedly through its refinancing,
which was completed in March 2013, and improved trading. The Group's financial
position has been transformed, it has returned to profitability and it has
recommenced dividend payments. Helphire is now in a position to grow its
business and intends to use the net proceeds of the Placing to fund its
strategic growth plans.

The Group is firmly established as a leader in the motor vehicle accident
management market. For many years the Group has provided its customers with a
comprehensive replacement vehicle and repair service, managed incidents for its
customers and arranged personal injury legal services for them. Using ABS
licensed entities, the Group intends to develop a top tier UK personal injury
legal services business in order to provide a comprehensive range of services
to its referral partners. The Group is actively considering acquiring
additional businesses in the accident management supply chain, including (but
not limited to) legal businesses, in order to build its presence in the market
more rapidly and has identified a shortlist of potential targets.

Dividends

The Company has decided to accelerate the date for payment of the second
interim dividend for the current year so that it is paid by reference to the
pre-Placing shareholder register. The second interim dividend will be paid on
10 January 2014 to those Shareholders on the register at the close of business
on 13 December 2013.

In addition, in the absence of unforeseen circumstances, the Board intends to
announce a third interim dividend for the current year in late February 2014 as
part of its announcement of results for the six months ending 31 December 2013.
Any third interim dividend will be payable in March 2014.

Placing

The Placing is not underwritten, but the Placing Shares have been conditionally
placed by Cenkos Securities, as agent for the Company, with institutional and
other investors in accordance with the terms of the Placing Agreement.

The Placing Agreement is conditional upon, among other things, certain
resolutions being passed at the General Meeting, Admission of the Placing
Shares becoming effective before 8.00 a.m. on 24 December 2013 (or such later
time and/or date as the Company and Cenkos Securities may agree, but in any
event by no later than 8.00 a.m. on 7 January 2014), the performance by the
Company of its obligations under the Placing Agreement and the satisfaction or,
where appropriate, the waiver of certain other conditions set out in the
Placing Agreement.

Subject to Admission, the Company will issue 1,153,846,160 Ordinary Shares to
raise £60 million before the expenses of the Placing (approximately £57.5
million after expenses).

The Placing Shares will represent approximately 42.3 per cent. of the Enlarged
Share Capital. The Placing Shares will, following Admission, rank in full for
all dividends and distributions declared, made or paid in respect of the issued
Ordinary Share capital of the Company by reference to record dates falling on
or after their date of issue and otherwise rank pari passu in all other
respects with the Existing Ordinary Shares. The Placing Shares will not qualify
for the second interim dividend.

The Placing Price represents a premium to the closing mid-market price of 0.2
per cent. per Ordinary Share as at 4 December 2013 (being the latest
practicable date prior to the date of this document).

skinny - 05 Dec 2013 10:24 - 42 of 60

Dividend Declaration Payment of Second Interim Dividend

Accelerated Payment of Second Interim Dividend

In connection with the Group's proposed fundraising, which was announced today,
the Group has decided to accelerate the payment of the second interim dividend
for the current year so that it is paid by reference to the pre-placing
shareholder register.

On 27 November 2013, Helphire indicated its intention to announce a second
interim dividend for the current year with the publication of its results for
the six months ending 31 December 2013 and that the Board expected the second
interim dividend to be 0.171 pence per ordinary share (approximately £2.7
million in aggregate).

The Board confirms that the second interim dividend will be 0.171 pence per
ordinary share and that it will now be brought forward so that it is paid on 10
January 2014 to those shareholders on the register at the close of business on
13 December 2013.


In addition, in the absence of unforeseen circumstances, the Board intends to
announce a third interim dividend for the current year in late February 2014
when releasing its results for the six months ending 31 December 2013. Any
third interim dividend will be payable in March 2014.

skinny - 02 Jan 2014 10:16 - 44 of 60

Invesco Limited > 29%

mitzy - 03 Jan 2014 14:02 - 45 of 60

Zooming ahead today.


Chart.aspx?Provider=EODIntra&Code=HHR&Si

skinny - 03 Jan 2014 14:11 - 46 of 60

Trying 6p again and then the gap.

2014&rand=345504886&compidx=aaaaa%3a0&ma

mitzy - 05 Jan 2014 18:35 - 47 of 60

Tipped in the Sunday papers.

mitzy - 13 Jan 2014 08:14 - 48 of 60

Break-out.

skinny - 17 Jan 2014 16:37 - 49 of 60

Uncrossed @6p

Chart.aspx?Provider=EODIntra&Code=HHR&Si

mitzy - 20 Jan 2014 08:53 - 50 of 60

Looks great this morning.

skinny - 20 Jan 2014 16:08 - 51 of 60

6.30p earlier - an almost 3 year high.

skinny - 27 Feb 2014 07:14 - 52 of 60

Interim results

Financial headlines
· Adjusted* operating profit of £4.2m (2012: £3.1m)
· Adjusted* profit before tax of £4.2m (2012: £0.5m)
· Debtor days reduced to seasonal record low of 135 days (2012: 155 days)
· Total cash balances of £75.7m
· Net cash of £62.0m (2012: net debt of £95.3m)
· Shareholders funds £136.6m (2012: £10.7m)
· Adjusted* basic EPS 0.307 pence (2012: 0.147 pence)
· Statutory basic EPS 0.340 pence (2012: 0.046 pence)
· Planned third interim dividend of 0.054 pence declared making 0.335 pence for the period (2012: nil)

Operational headlines
· Credit hire cases at 47,000 cases; (2012: 52,000)
· Open case count reduced by 18% to 37,000 cases (2012: 45,000 cases)
· Cases >120 days reduced by 24% to 19,000 cases (2012: 25,000 cases)
· Revenue generating fleet utilisation maintained at 82% (2012: 82%)
· Protocol case settlement with insurers continuing to grow for mutual benefit

skinny - 27 Feb 2014 07:15 - 53 of 60

Acquisition of the New Law group of companies

skinny - 05 Mar 2014 10:54 - 54 of 60

N+1 Singer Buy 7.00 7.80 8.70 Retains

mitzy - 05 Mar 2014 13:06 - 55 of 60

Doing well today.

skinny - 05 Mar 2014 13:44 - 56 of 60

At its highest price since the gap from May 2011.

skinny - 01 May 2014 07:06 - 57 of 60

Trading Statement

Current trading exceeding expectations

The Board of Helphire Group plc ('Helphire' or 'the Group') is pleased to
announce that the encouraging start to the second half of the Company's
financial year that we reported on 27 February 2014 has strengthened further
and trading for the third quarter of the financial year has exceeded the
Board's expectations.

Trading results for the New Law group of companies for March 2014, the first
month following completion of the acquisition on 28 February 2014, were also
higher than internal expectations, giving the Board further cause for
encouragement. This acquisition has been well received in our marketplace and
has given rise to a number of potential additional opportunities for the Group
to pursue.

Cash collections during the period since 31 December 2013 have continued to be
strong and, as a consequence, statutory debtor days at 31 March 2014 in the
historical Helphire businesses were reduced to 128 days compared to 135 at 31
December 2013 and 140 at 31 March 2013, and further reductions are expected.

Net cash balances (net of fleet financing) were £33.0 million at 31 March 2014
(£8.7 million excluding the residual net proceeds of the December 2013 share
placing). This compares with comparable net cash at 31 December 2013 of £62.0
million (£4.4 million excluding the residual net proceeds of the December 2013
share placing). The company has also paid net dividends totalling £4.2 million
in the three months to 31 March 2014.

Commenting on the Group's thirdquarter trading, Martin Ward, Chief Executive
Officer said:

"The changes to the business model implemented over the last few years together
with our focus on operational excellence and quality, leading to a consistent
high customer satisfaction rating, has underlined a strong performance that has
exceeded our own expectation. Our strategy is to grow and develop our position
in the insurance marketplace and to seek out opportunities to broaden our
service offering. The acquisition of New Law in February this year is a major
step to supporting our aims and we continue to press for further market
opportunities that enhance value whilst retaining a strong reputation for
delivering quality services."
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