Hercules (HERC) “is pleased to announce… an increased invoice discounting facility of up to £20 million together with £5 million of term loans, further strengthening the group’s funding platform to support its continued growth strategy”. What about this, with the shares currently more than 11% higher at 24.5p in response?
Describing itself as “a leading technology enabled labour supply company for the UK infrastructure and construction sectors” (aren’t all such companies ‘technology-enabled’ these days?), Hercules (HERC) has issued a “Trading Update” headlined “Another record year expected as investment in UK infrastructure ramps-up”. The shares have responded up to 36.5p, but what about that comparing to above 50p when I most recently wrote on the company and concluded cautiously in February?
Hercules Site Services (HERC) has notified of “Disposal of Suction Excavator Business” in an announcement today headlined “Transformational change for business as significantly reduced debt levels will result in higher profit before tax and improved earnings per share”. How ‘transformational’ though with the shares currently less than 4% higher in response at 53p?
Hercules Site Services (HERC) states that it “is pleased to announce its audited results for the year ended 30 September 2024”. However, writing on the company last week I noted it will be interesting to see how convenient it is for the results for its Suction Excavator business to be treated as ‘discontinued’ despite currently only a “proposed intention” to sell. So how much of the “pleased to announce” results is actually due to that accounting treatment?
Describing itself as “a leading technology enabled labour supply group for the UK infrastructure and construction sectors”, Hercules Site Services (HERC) states that it “is pleased to provide a strategic update relating to its proposed intention to divest its Suction Excavator business, as it is now a non-core activity”. What about this and a more than 7% share price increase in response to 45p?
Describing itself as “a leading technology enabled labour supply company for the UK infrastructure and construction sectors” (aren’t all such companies “technology enabled” nowadays?), Hercules Site Services (HERC) has issued a trading statement including “revenue is expected to be over £105m, representing an increase of c. 24% on the prior year ended 30 September 2023… with Hercules' revenue, adjusted EBITDA and Profit Before Tax for FY24 to be well ahead of market expectations”. How good is the news relative to a currently up to 46.5p share price?
Describing itself as “a leading technology enabled labour supply company for the UK infrastructure and construction sector” (aren’t all labour supply companies “technology enabled” these days?!), Hercules Site Services (HERC) states it “is pleased to announce its unaudited interim results for the six months ended 31 March 2024”. The shares have currently responded up towards 40p but, having listed in 2022 at 50.5p per share, how ‘pleasing’ are these latest results?
