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 - ?

Trying 6p again and then the gap.

Tipped in the Sunday papers.

Break-out.

Uncrossed @6p

Looks great this morning.

6.30p earlier - an almost 3 year high.

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

Acquisition of the New Law group of companies

N+1 Singer Buy 7.00 7.80 8.70 Retains

Doing well today.

At its highest price since the gap from May 2011.

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."

On edit :-


it's name change tomorrow to Redde plc

and 1 for 10 Share Consolidation 27 May 2014 - subject to tomorrow's resolution being passed.

Result of General Meeting

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