Latest Views & News

Hyve Group – argues “taking decisive and rapid management actions”… so why further significant share price decline?

By Steve Moore | Thursday 5 March 2020

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.

“Coronavirus update” from self-styled “next generation global events business” Hyve Group (HYVE) commences that “Hyve has been taking decisive and rapid management actions to mitigate the potential impact to our business” and includes that it “continues to be highly cash generative and, following the refinancing that the group undertook in December, has material headroom available on the debt facility and expects to operate within the covenants”. The shares, having been above 100p as recently as early last month and last closed at still above 70p, have currently responded towards 60p…

You must be a registered member to read this story
ShareProphets is reader-supported journalism

Join us for free and gain access to three articles per month

Or become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.

Filed under:

Subscribe to our newsletter

Daily digest of our latest stories.

Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was



The ongoing saga of woe at Saga



The ShareProphets Sunday Pub Quiz #160



Gyrations at Victoria Carpets



GOTCHA: admits it is fucked



Stuff happens but we are not stuffed



The ShareProphets Sunday Pub Quiz #159



Challenges continue at Ocado



Iconic Labs – back from the dead?



Pure Gold – Pure Ramping!

Sunday »


The ShareProphets Sunday Pub Quiz #158



Buy Orcadian Energy