views

Hercules Site Services – AGM update emphasises “success”, why the fundraise detail that dare not speak its name then?

Describing itself as “a leading technology enabled labour supply company for the UK infrastructure sector”, Hercules Site Services (HERC) has emphasised “a year where we delivered 50% growth in turnover. This success enabled us to propose a final dividend for the year ended September 2022 of 1.12p per share, resulting in a total dividend of 1.72p per share for the year” and “our recent fundraise provides us with additional working capital to enable us to meet the strong demand for our services we are experiencing”. So what of a just above 40p share price, comparing to above 70p late last month?

NEWSFLOW

Hercules Site Services (#HERC) – AGM update, again recent fundraise discount that dare not speak its name

views

Hercules Site Services – emphasises “support from new and existing investors”, why the placing discount that dare not speak its name then?

Describing itself as “a leading technology enabled labour supply company for the UK infrastructure sector”, Hercules Site Services (HERC) states that it “has experienced a strong start to trading in FY 2023. With this in mind, the net proceeds of the placing will be used to provide working capital to support the continued organic growth of the company's Labour Supply division” and boasts that “the placing received support from new and existing investors, including two of the company's largest shareholders”. So a good price then in relation to a prior close 72p share price?

views

Many More than Seven Labourers for Hercules Make this Outfit a Possible Punt

Hello Share Fanciers. As a kid the most popular showing at the cinema in the fifties was a cheap and cheerful dubbed Italian Sword and Sandal saga. It bore the exciting title of ‘Hercules Unchained’ and it reminds me of today’s recommendation. The company is called Hercules Site Services (HERC) and it’s an AIM-listed specialised recruitment outfit.

NEWSFLOW

Hercules Site Services (#HERC) – FY update, “look forward with confidence”