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https://www.telegraph.co.uk/business...-restructures/
"Having initially floated at 210p per share, the company is now trading at around 49p" Well that ain't too good
Ive run a hire company for 28 years now, and the constant race to the bottom is a theme Ive seen time and time again, and I have a constant fight to justify my prices in the face of others discounting their products and services, just so they can stay alive.
When will they ever realise that it is exactly this that is killing them and everyone else ? In fairness HSS are not the cheapest by a long shot, that accolade seems to be going to the builders merchants, who now hire small plant, or should I say, give small plant to their customers then run a mile from it ! cos they provide no service what so ever, because they aren't plant hirers
no shit you might say ? ... but try telling that to the punter who can get a digger for £100 less .. ofcourse they make their money from the slabs, concrete, decking, and all the other stuff they sell.
Fortunately Ive engineered myself to a position, where what I owe is at its lowest for years, conscious of the economic climate around us ... but plant companies need to reinvest in their gear so its not an easy balance. So often Ive seen these new companies emerge with all the latest kit, proclaim to be the best, giving the impression they have found some new magic formula that makes their business work .. only to fall flat on their faces after spending several years utterly shafting the market with low prices in a bid to survive .. making it a difficult task for the rest of us to survive due to their profligacy.
Might sound harsh, but perhaps HSS should fold now, instead of prolonging it .. and then some idiot bankers will hopefully not lend to others in the same boat. This of course is a dangerous strategy / statement for the bank minions, because what they tend to do is put everyone in the same sector and tar them all with the same brush, dont ask me how I know ?
Ive not had too much trouble from my bank, but you try getting a decent interest rate on short term finance, when you are surrounded by similar businesses who cant make it work ? It aint gonna happen !
Any way I feel better after that rant
"Having initially floated at 210p per share, the company is now trading at around 49p" Well that ain't too good
Ive run a hire company for 28 years now, and the constant race to the bottom is a theme Ive seen time and time again, and I have a constant fight to justify my prices in the face of others discounting their products and services, just so they can stay alive.
When will they ever realise that it is exactly this that is killing them and everyone else ? In fairness HSS are not the cheapest by a long shot, that accolade seems to be going to the builders merchants, who now hire small plant, or should I say, give small plant to their customers then run a mile from it ! cos they provide no service what so ever, because they aren't plant hirers
no shit you might say ? ... but try telling that to the punter who can get a digger for £100 less .. ofcourse they make their money from the slabs, concrete, decking, and all the other stuff they sell.Fortunately Ive engineered myself to a position, where what I owe is at its lowest for years, conscious of the economic climate around us ... but plant companies need to reinvest in their gear so its not an easy balance. So often Ive seen these new companies emerge with all the latest kit, proclaim to be the best, giving the impression they have found some new magic formula that makes their business work .. only to fall flat on their faces after spending several years utterly shafting the market with low prices in a bid to survive .. making it a difficult task for the rest of us to survive due to their profligacy.
Might sound harsh, but perhaps HSS should fold now, instead of prolonging it .. and then some idiot bankers will hopefully not lend to others in the same boat. This of course is a dangerous strategy / statement for the bank minions, because what they tend to do is put everyone in the same sector and tar them all with the same brush, dont ask me how I know ?
Ive not had too much trouble from my bank, but you try getting a decent interest rate on short term finance, when you are surrounded by similar businesses who cant make it work ? It aint gonna happen !
Any way I feel better after that rant
.gif "thumbs up")
.gif "wink2")
but any hire business worth their salt these days should demand payment before the kit leaves the yard ... not so easy when you are desperate for cash ... and if you are in that position.. the writing is already on the wall .. and good luck to ye .gif "thumbs up")
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