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(HGV.L) Hasgrove PLC Buy/Sell
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| Date/Time | Headline | Source |
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| 18-11-09 | RNS |
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RNS Number : 6592C Hasgrove PLC 18 November 2009 18 November 2009 Hasgrove plc Trading update Hasgrove plc (AIM: HGV, 'Hasgrove' 'the Group'), the pan European marketing and communications services group, is providing an update for the year ended 31 December 2009. Trading update Since the Group published its interim results on 29 September 2009, there has been a significant improvement in client activity. This has resulted in a number of notable new business wins including projects for Coca Cola, GSK, ISPO and EDF Belgium. Whilst these projects will have a positive impact on the second half, their real contribution will be in 2010 and beyond. The annualised value of these new projects exceeds £1.0m in addition to the £2m reported in the Group's July trading statement. However, project decisions, particularly for the Interel business, are still being deferred into 2010 including two significant assignments expected in the third quarter. Although the Group's underlying cost base has been reduced by approximately £1.0m on an annualised basis, as indicated at the time of the interim results, Hasgrove has switched its focus onto the high growth areas of Association Management and Digital. This resulted in one off recruitment costs of some £250,000. The unprecedented pre-sales and proposals activity also resulted in additional costs of some £700,000. The Board expects these to reduce back to normal levels in 2010. The net impact of these one off costs, the deferrals plus the reduction in annual retainer business reported in the interim results, means that the Board now expects the Group's headline profit before tax, for the year to 31 December 2009, to be in the order of £2.6m. The Group is likely to report an exceptional restructuring charge of some £800,000, largely related to the redundancies previously reported and the associated reorganisation. Organisation The Group is now organised into two divisions:
The Digital and Communication Services division consists of Amaze, Odyssey, Chase and Landmarks. Although 60% of the division's revenue is UK based, the performance of the division has improved during the year despite the continued UK recession. The majority of the UK based business units are now working at full capacity and the pipeline continues to strengthen. In the second half of the year, profits have been adversely affected by recruitment and training as a result of the increased work load. Companies are now recognising that the move to digital is not limited to marketing and communications. The Group is increasingly involved in advising on digital business strategy and providing more integrated solutions. As a result of last year's successful merger of Amaze, Hasgrove now has a network of connected specialists that can provide this senior level strategic and integration advice. In addition the proven ability to deliver complex cross border technical solutions is increasingly attractive to international businesses. The Public Affairs and Strategic Communications division, consisting of Interel and Politics International, offers high end government relations, strategic communications and association management services, including crisis and issues communications, lobbying, intelligence and research support. In line with the public affairs and public relations industry in general, trading has been very difficult and recovery for this division has been much slower with extended sale cycles. However, about 85% of the division's revenues are generated in Euros and the recent improvements in business wins reflects the move out of recession for the major Continental European markets. In addition the division has started to benefit from recent organic growth initiatives. The Association Management practice working alongside other parts of Interel has continued to be successful in selling European affairs expertise to United States based health industry associations. This year Interel has developed an International Relations Practice which will support emerging markets with their relationship with the EU. During the past month three Government contracts have been added to the client list. Acquisitions During the last two months the Group has continued to strengthen its digital capabilities with two small acquisitions, where it expects strong growth in the coming year. MCL Digital Limited was acquired in September for a small initial payment in shares and cash, together with a three year earn-out arrangement. MCL Digital, a digital technology consultancy, operates in a range of sectors with a leading position in education. The company has also gained a very strong foothold in the iPhone application development market (www.iphonecreate.com) as well as having strong credentials and experience with Microsoft SharePoint. Its clients include HP, Smart Technologies (the world's leading education interactive whiteboard manufacturer) and UniServity (providers of one of the largest virtual learning platforms to UK and international schools). In October, Hasgrove acquired the trade and assets of Underwired Limited for a nominal amount upfront together with a five year earn-out arrangement. Underwired is a digital and eCRM specialist and strengthens the Group's presence in London and its online digital marketing capabilities. The Group plans to integrate the business into Amaze's London office in due course. Underwired's clients include News International's brands The Sun and Brand Alley, McCain Foods, Nickelodeon, The Economist Group and AAR. It is ranked 5th in the UK for ROI generation and is the only pure play digital agency specialising in eCRM. Rod Hyde, Group Chief Executive, said: "Traditionally we have secured significant contract wins in the fourth quarter in the last three years, which have had a material impact on the full year results. However, for the current year the recent wins will materially benefit next year's performance but will have minimal impact this year. We also have a number of other proposals pending. "The two small but important acquisitions will enable us to widen our digital capabilities and reflect the growing importance of digital technology and communication to clients. "Overall we remain confident that the reorganisation implemented during the year and the new wins secured will position us well for 2010." Enquiries:
Hasgrove plc
Paul Sanders, Group Finance Director
KBC Peel Hunt
Capel Irwin/Oliver Stratton (Corporate Finance) 020 7418 8900
Matthew Tyler (Corporate Broking)
College Hill
Note to editors Hasgrove plc is now organised into two divisions: Digital and Communication Services and Public Affairs and Strategic Communications. The Group is exploiting and benefiting from both operational and cost synergy benefits within the two divisions, although the two units do work together on a number of international projects. There are now more than 380 personnel in the Group, serving a broad client base of more than 600 clients. The Digital and Communication Services division which includes Amaze, Odyssey Interactive, The Chase and Landmarks offers a broader range of marketing and technology services including web design and build, intranet solutions, search, social media, user online reputation management, experience optimisation and analytics, as well as traditional design, PR, print and broadcast advertising and brand consulting. Amaze has over 260 people working in offices in the north west of England, London and Brussels. The Public Affairs and Strategic Communications division including Interel and Politics International, is a leading European Corporate Affairs consultancy focusing on public affairs and crisis and issues management. This focus includes emerging opportunities in Association Management, where consultants bring interested parties together in a virtual or real organisation, which will be more effective than the constituent members. Interel has over 125 professionals in its offices in Brussels, London, Berlin, Paris, Prague, Madrid and Washington DC and has a well established network of partners in all other major cities in Europe. This information is provided by RNS The company news service from the London Stock Exchange END
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| 29-09-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 8023Z
Hasgrove PLC
29 September 2009
29 September 2009
Hasgrove plc
Challenging year but future pipeline remains strong
Hasgrove plc (AIM: HGV, "Hasgrove", "the Group"), the pan European marketing and communications services group, announces its interim results for the six month period to 30 June 2009.
Headlines
* Turnover of £15.9m (2008: £16.4m)
* Gross Profits of £13.2m (2008: £13.1m)
* Headline PBT of £1.3m (2008: £2.1m)
* Headline basic EPS of 4.8p (2008: 7.7p)
* Net debt reduced to £5.5m (31 December 2008: £6.0m)
* Operating cash flow of £1.8m, representing a cash conversion of 166%
* Streamlined into two operating divisions; Public Affairs and Strategic Communications, and Digital and Communication Services
* Consolidation of three Amaze offices into one central Manchester location completed by end of 2009
* Future revenue pipeline remains strong
Rod Hyde, Group Chief Executive, said:
"As stated previously, we had a slow start to the year with the sales cycle being extended for large projects and margins impacted by pre-sales activities. We have focussed on integrating further our businesses into two main streams as well as controlling costs.
"Despite the testing economic conditions, we have won significant assignments in digital, association management and corporate communications during the last few months. On an annualised basis these recent wins will more than make up for the lost revenues earlier in the year and position us well for 2010.
"During the year, people across Hasgrove have shown tremendous skill, tenacity and sheer determination in extremely difficult trading conditions and have continued to deliver real growth opportunities for the Group."
Enquiries:
Hasgrove plc
Rod Hyde, Group Chief Executive 0161 817 4200
Paul Sanders, Group Finance Director
KBC Peel Hunt
Capel Irwin/Oliver Stratton (Corporate Finance) 020 7418 8900
Matthew Tyler (Corporate Broking)
College Hill
Adrian Duffield/Rozi Morris 020 7457 2020
Overview
The Group has continued to focus on the integration of its operational units, implementing cost controls in slow growth areas whilst managing the slower sales cycle and identifying areas for organic growth.
The Group is now organised into two divisions: Public Affairs and Strategic Communications, and Digital and Communication Services. The Group is benefiting from revenue and cost synergies within the two divisions.
As a result of the economic downturn, the Group has suffered a loss of over £2m of retainer and project work. However, successful new business generation has limited the net reduction of gross income to 6% on a like for like basis, with most of the benefit due to come in 2010.
The cost base has been cut by approximately £1m on an annualised basis with a net reduction of 21 employees during the first half masking a much larger movement of people due to re-alignment and the recruitment of over 15 people in growth areas.
Financial review
Group turnover was slightly down to £15.9m (2008: £16.4m), reflecting the slower sales cycle. Although gross income increased to £13.2m (2008: £13.1m); including a £0.8m currency benefit, on a like for like basis, there was a 6% reduction.
Group margins were affected by competitive pricing pressure, reorganisation costs that have not been taken as an exceptional charge, extensive pre-sales activity and statutorily imposed salary increases in Belgium.
Headline operating profits, excluding the exceptional costs and non cash items of notional finance costs and share options charges, were £1.5m (2008: £2.5m). This reduction partly reflects £0.7m of adverse currency costs and £0.1m from last year's acquisitions. Within the operating profits, head office cost was cut by half to £0.2m (2008: £0.4m). Interest charges reduced to £0.2m (2008: £0.4m).
Headline profit before tax was £1.3m (2008: £2.1m). After exceptional costs and the non cash items of notional finance costs and share options charges, Group profit before tax was £0.8m (2008: £2.0m). The effective tax rate was 21.6% which the Board expects to be sustainable for a further two years.
Headline basic earnings per share were 4.8p (2008: 7.7p). Reported basic earnings per share were 2.7p (2008: 6.9p).
Operating cash flows, before tax, increased significantly to £1.8m (2008: £1.6m) due to better management of working capital with a continuing focus on cash collection. The cash flow from operating activities represented a conversion rate of 166%.
The Group's year end net debt was down to £5.5m (30 June 2008: £7.5m, 31 December 2008 £6.0m). Total bank facilities in place at the period end were £9.5m.
At the period end, the estimate of future earn-outs, which are dependent on performance and are self-funding, was £3.7m, with up to £0.5m of this payable in shares and the balance in cash over the next two and a half years.
Operational Overview
Public Affairs and Strategic Communications
The Public Affairs and Strategic Communications division, consisting of Interel and Politics International, offers high end government relations, strategic communications and association management services, including crisis and issues communications, lobbying, intelligence and research support.
The division suffered during the first half of the year due to reduced retainers and project cancellations as a result of the global recession, although the impact was partly offset by rapid growth in Interel's Association Management practice.
Turnover increased to £6.6m (2008: £6.3m) due to a £1.0m currency benefit and operating profit reduced 63% to £0.4m (2008: £1.1m). The reduction in operating profit was accentuated by a compulsory salary indexation in Belgium of 4.5%. The like for like reduction in gross income at constant exchange rates was 6.5%.
A number of steps were taken to realign the cost base with prevailing market conditions while focusing resources on growth areas, resulting in a net reduction in staff of eight. The restructuring process has been aided by a new finance system to improve productivity and cash collection.
This year's consolidation and promotion of Interel's European network of offices has generated a number of significant pan European client opportunities, some of which are expected to benefit 2009 results. The pipeline has also strengthened due to several sales and marketing initiatives targeting businesses that are particularly exposed to government intervention, including financial services, the energy sector and companies under scrutiny by anti-trust authorities.
Interel's fast growing association management practice, which is supporting international associations with representation and management services, emerged this year as one of the top players in Europe. The combination of high end Association Management with Public Affairs and Strategic Communications has proved very attractive to existing and potential clients, putting the practice and the division in a strong position for accelerated organic growth.
The Brussels-based European Affairs practice has progressed further to a restructuring after the merger between Interel and Cabinet Stewart in 2008. Significant synergy benefits have been derived by combining European Affairs with Association Management under the same management in one location. A further focus on Health policy and advocacy has also generated a number of new opportunities for the business, including a recent win of a EUR500,000 per annum client.
Interel's marketing and representation office in Washington DC continues to generate new business leads. The office is focused on generating opportunities for all offices and practices across the division.
Digital and Communication Services
The Digital and Communications division now includes Odyssey, the Chase and Landmarks as a result of the increasing emphasis and importance of digital activity in their businesses.
Due to extended pre-sales activity, turnover was down to £9.3m (2008: £10.1m) with operating profit at £1.3m (2008: £1.8m).
Amaze is a digitally focussed marketing, technology and corporate communications business. Last year's merger has been successful and the business is now developing a centralised delivery capacity which includes further expanding the digital media capabilities.
Amaze's ability to advise on digital strategy for substantial international blue chip clients with its proven scale and European delivery, has resulted in a number of high profile client wins over the last few months. Well over £1m of revenue on an annualised basis has been secured and the business' pipeline of opportunities remains strong.
Odyssey, which supplies intranet software solutions, has continued its strong growth since joining the Group in September 2007. The launch of its fourth generation intranet software, Interact 4.0, has been very successful. Odyssey and Amaze have worked together on two significant projects this year and there is more work in the pipeline.
The Chase, the UK graphic design agency, has contributed with a strong performance. The company is now focussed on building its digital capacity. The Group has made significant recruitment in this area and the team is already generating healthy revenues. Chase and Amaze are working together on delivery and shared services.
Landmarks, the Group's Brussels-based design business which focuses on brand development, investor relations and advocacy, has also strengthened its links with Amaze. Landmarks will be building its digital capacity alongside Amaze during the second half. The Brussels based European HQ and Trade Association client base is strong and the pipeline is healthy.
Three Amaze operations in Manchester are due to consolidate into one building by the end of the year. This will continue the improvement in operational efficiencies and integration within the division.
Outlook
Traditionally the Group's second half has been stronger than the first, with one-off projects frequently booked in the fourth quarter. Recent experience is that new business lead times have been extended and a number of large retainer assignments due in the fourth quarter are still to be confirmed.
This year the Group has made considerable progress in re-aligning the business to take advantage of the opportunities in digital, association management and corporate communications and managing its cost base to reflect the economic environment.
The economic environment is likely to continue to be demanding in 2010. However, the combination of the Group's recent wins, cost control, healthy cash generation and a strong pipeline, gives the Board considerable confidence that Hasgrove is well placed to benefit from its market position and the opportunities that it has developed.
Unaudited Consolidated Income Statement
Six months ended 30 June 2009
Audited
6 months to 30 Jun 09 6 months to Year to
Note £'000 30 Jun 08 31 Dec 08
£'000 £'000
Revenue 2 15,945 16,370 36,536
Cost of sales (2,769) (3,281) (9,209)
Gross profit 13,176 13,089 27,327
Administrative expenses (11,714) (10,588) (22,127)
5,150
Headline operating profit 2 1,462 2,501
Share option charges (21) (25) (31)
Exceptional costs (358) - -
Operating profit 1,083 2,476 5,119
Amount written off investments - - (10)
Finance income - 12 175
Notional finance cost on (104) (147) (181)
deferred consideration
Finance cost (175) (363) (270)
Headline profit before tax 1,287 2,150 2,607
Exceptional Costs (358) - -
Share option charge (21) (25) (25)
Notional finance cost on (104) (147) (181)
deferred consideration
Profit before tax 804 1,978 2,401
Tax (174) (535) (730)
Profit for the financial 630 1,443 1,671
period
Basic earnings per share 3 2.7p 6.9p 8.7p
(pence)
Diluted earnings per share 3 2.7p 6.8p 8.5p
(pence)
Unaudited consolidated statement of recognised income and expense
Six months ended 30 June 2009
Audited
6 months to 30 Jun 6 months to Year to
09 30 Jun 08 31 Dec 08
£'000 £'000 £'000
(Losses)/ gains on a hedge of 553 - (819)
a net investment taken to
equity
Exchange differences on (1,811) 556 3,430
translation of foreign
operations
Net income/ (expense) (1,258) 556 2,611
recognised directly in equity
Profit for the period 630 1,443 3,315
Total recognised income and (628) 1,999 5,926
expense for the period
Unaudited Consolidated Balance Sheet
At 30 June 2009
Audited
Note 30 Jun 09 30 Jun 08 31 Dec 08
£'000 £'000 £'000
Non-current assets
Goodwill 4 32,498 31,244 34,081
Other intangible assets 226 - 168
Property, plant and equipment 1,305 1,303 1,562
Investments - 10 -
Deferred tax asset 82 - 82
34,111 32,557 35,893
Current assets
Inventories 106 93 62
Trade and other receivables 8,493 10,280 11,549
Cash and cash equivalents 1,482 2,390 2,149
10,081 12,763 13,760
Total assets 44,192 45,320 49,653
Current liabilities
Trade and other payables (5,491) (6,454) (7,882)
Current tax liabilities (554) (1,046) (937)
Obligations under finance leases (64) (84) (67)
Borrowings (2,918) (7,275) (3,159)
Provisions 5 (3,247) (2,580) (3,418)
(12,274) (17,439) (15,463)
Net current assets (2,193) (4,676) (1,703)
Non-current liabilities
Borrowings (4,026) (2,537) (4,891)
Long-term provisions 5 (1,541) (4,074) (3,178)
Obligations under finance leases (20) - (40)
(5,587) (6,611) (8,109)
Total liabilities (17,861) (24,050) (23,572)
Net assets 26,331 21,270 26,081
Equity
Share capital 2,357 2,137 2,251
Share premium account 14,784 13,164 14,034
Translation reserve 2,007 1,209 3,264
Retained earnings 7,183 4,760 6,532
Total equity 26,331 21,270 26,081
Unaudited Consolidated Cash Flow Statement
for the six months ended 30 June 2009
Audited
Note 6 months to 6 months to Year ended
30 Jun 09 30 Jun 08 31 Dec 08
£'000 £'000 £'000
Cash generated by operations 6 1,793 1,571 5,043
Tax paid (557) (209) (750)
Net cash from operating 1,236 1,362 4,293
activities
Cash flows from investing
activities
Interest paid (175) (364) (719)
Interest received - 12 20
Sale of property, plant and - 27 19
equipment
Purchase of property, plant (66) (585) (938)
and equipment
Purchase of subsidiary - (2,072) (2,308)
undertakings
Net cash acquired with - 380 380
subsidiaries
Expenditure on product (79) - (168)
development
Payment of deferred (705) (848) (1,460)
consideration
Net cash used in investing (1,025) (3,450) (5,174)
activities
Cash flows from financing
activities
Dividend paid - - (107)
Repayment of borrowings (523) (35) (549)
Proceeds on issue of shares - - 895
New bank loans raised - - 2,355
(Decrease)/ increase in (55) 13 (2,424)
revolving loan
Net cash (outflow)/ inflow (578) (22) 170
from financing activities
Net (decrease)/increase in (368) (2,110) (711)
cash and cash equivalents
Cash and cash equivalents at 2,149 2,955 2,955
start of period
Effect of foreign exchange (300) (6) (95)
rate changes
Cash and cash equivalents at 1,482 839 2,149
end of period
Notes to financial information
1. Basis of preparation
These consolidated interim financial statements, which are condensed and unaudited for the six months ended 30 June 2009, have been prepared in accordance with the accounting policies which the Group expects to adopt in its 2009 Annual Report and are consistent with those adopted in the consolidated financial statements for the year ended 31 December 2008. These accounting policies are based on the EU-adopted International Financial Reporting Standards (IFRS) and International Financial Reporting Interpretations Committee (IFRIC) interpretations that the Group expects to be applicable at that time. The IFRS and IFRIC interpretations that will be applicable at 31 December 2009, including those that will be applicable on an optional basis, are not known with certainty at the time of preparing these interim financial statements.
These consolidated interim financial statements for the six months ended 30 June 2009 have been prepared in accordance with the historical cost convention. The information relating to the six months ended 30 June 2009 and 30 June 2008 is unaudited and does not constitute statutory financial statements as defined in Section 240 of the Companies Act 1985. The comparative figures for the year ended 31 December 2008 have been extracted from the Group Report and Accounts, on which the auditors gave an unqualified opinion. The Group Report and Accounts for the year ended 31 December 2008 have been filed with the Registrar of Companies.
2. Segmental analysis
6 months to 6 months to 12 months to
30 June 09 30 Jun 08 (restated) 31 Dec 08 (restated)
Turnover Operating profit Turnover Operating Turnover Operating profit
profit
£'000 £'000 £'000 £'000 £'000 £'000
By division:
Public Affairs and 6,610 405 6,255 1,080 13,212 1,708
StrategicCommunications
Digital and Communication 9,335 1,259 10,115 1,771 23,324 2,920
Services
15,945 1,664 16,370 2,851 36,536 4,628
Unallocated corporate (223) (375) 491
(expense)/ income
Exceptional costs (358) - -
Profit from operations 1,083 2,476 5,119
3. Earnings per share
The calculation of the basic and diluted earnings per share is based on the following data:
Earnings
6 months to 6 months to Year ended
30 Jun 09 30 Jun 08 31 Dec 08
£'000 £'000 £'000
Earnings for the purposes of
basic earnings per share being 630 1,443 3,315
net profit
No. No. No.
000's 000's 000's
Number of shares
Weighted average number of
ordinary shares for the 23,041 20,896 21,406
purposes of basic earning per
share
Effect of dilutive potential
ordinary shares:
Share options 313 429 401
Weighted average number of
ordinary shares for the 23,354 21,325 21,807
purposes of diluted earnings
per share
At 30 June 2009, there were outstanding share options issued under the Long Term Incentive Plan over Nil ordinary shares (31 December 2008 and 30 June 2008 1,075,000) which are not regarded as being dilutive and therefore these have not been included in the diluted earnings per share calculations.
Headline earnings per share
6 months to 6 months to Year ended
30 Jun 09 30 Jun 08 31 Dec 08
£'000 £'000 £'000
Net profit 630 1,443 3,315
Share option charges 21 25 31
Notional finance cost on 104 147 211
deferred consideration
Exceptional costs 358 - -
Headline earnings 1,112 1,615 3,557
4. Goodwill
Goodwill arising on the acquisition of subsidiary undertakings or businesses, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is recognised as an asset. Goodwill is reviewed for impairment at least annually.
5. Provisions
Provisions represent the accumulated amounts due under the deferred consideration arrangements with the vendors of the companies as calculated in accordance with IFRS.
6. Reconciliation of profit on ordinary activities before finance costs, income from investments and taxation to operating cash flow
6 months to 30 June 6 months to Year to
09 30 June 08 31 Dec 08
£'000 £'000 £'000
Profit on ordinary activities 1,083 2,476 5,119
before finance costs, income
from investments and taxation
Depreciation 272 234 501
Amortisation 20 - -
(Loss)/ profit on disposal of 50 (27) (26)
fixed assets
Share option charge 21 25 31
(Increase)/decrease in (44) (38) (7)
inventories
Decrease/(increase) in trade 2,466 (1,790) (1,990)
receivables
(Decrease)/ increase in trade (2,076) 691 1,415
payables
Operational cash flow 1,793 1,571 5,043
Cash and cash equivalents (which are presented as a single class of assets on the face of the balance sheet) comprise cash at bank and other short-term highly liquid investments with a maturity of three months or less.
7. The Interim Statement was approved by the Board on 28 September 2009.
8. Copies of this statement are available on our web site: www.hasgrove.com or by request from the Registered Office at: St Johns Court, Quay Street, Manchester, M3 3HN.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IR KGGZLVRNGLZM
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| 24-09-09 | RNS |
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RNS Number : 5916Z Hasgrove PLC 24 September 2009
HASGROVE PLC Additional Listing Hasgrove Plc ("Hasgrove" or "the Company") announces that it has issued and allotted 258,065 new ordinary shares of 10 pence each as part of the consideration for the acquisition of MCL Digital Limited. Accordingly, application has been made for 258,065 new ordinary shares to be admitted to trading on AIM on 29 September 2009. Following this, the number of ordinary shares in issue will be 23,830,871. 24 September 2009
ENQUIRIES
Rod Hyde, Chief Executive Paul Sanders, Financial Director KBC Peel Hunt Ltd
Oliver Stratton This information is provided by RNS The company news service from the London Stock Exchange END
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| 26-08-09 | RNS |
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RNS Number : 0415Y Hasgrove PLC 26 August 2009 26 August 2009 Hasgrove plc Notice of Interim Results - 29 September 2009 Hasgrove plc (AIM: HGV), the pan European marketing and communications services group, will be publishing its Interim Results for the six months ended 30 June 2009 on Tuesday, 29 September 2009. Rod Hyde, Chief Executive Officer and Paul Sanders, Finance Director will be presenting the results to analysts at 9.30am on 29 September at the offices of College Hill, The Registry, Royal Mint Court, London, EC3N 4QN. Enquiries:
Hasgrove plc
Paul Sanders, Group Finance Director
KBC Peel Hunt
College Hill
This information is provided by RNS The company news service from the London Stock Exchange END
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| 26-08-09 | ||||
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Î am indeed holding, having purchased a small holding pre credit crunch^^.
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| 04-08-09 | ||||
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Hold recommendation from Growth Company Investor
http://www.growthcompany.co.uk/recommendations/1062822/hasgrove.thtml More | View thread (2) | Respond | Login to Vote up | Login to Vote down |
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| 30-08-08 | ||||
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Does anybody trade in this share ... or, see any potential whatsoever??
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| 05-10-07 | ||||
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I was disappointed with the EPS figure of 4.6p in H1 Results
announced at the end of last month. When comparing with EPS achieved in H2 of last year, then EPS in H1 of this year are down. Also an area of concern to me was/is the relatively high price paid for the recent acquisitions. I sold and moved on to NCC, where I feel prospects for annual EPS growth look better. IMHO, ws More | View thread (4) | Respond | Login to Vote up | Login to Vote down |
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They have not been approved or issued by Interactive Investor Trading Limited.
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