By Steve Moore | Monday 13 January 2025
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.
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?
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