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Hercules Site Services – argues “pleased to announce” interims, but how ‘pleasing’ really are they?...

By Steve Moore | Monday 3 June 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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?
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