Hyve Group (HYVE)

Sector:

Media

Index:

FTSE Small Cap

70.10p
   
  • Change Today:
    -2.90p
  • 52 Week High: 115.00
  • 52 Week Low: 46.76
  • Currency: UK Pounds
  • Shares Issued: 291.64m
  • Volume: 169,979
  • Market Cap: £204.44m
  • RiskGrade: 353

Trading on track at Hyve, shares spark

By Abigail Townsend

Date: Monday 03 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Shares in Hyve Group sparked on Monday after the exhibitions and conferences organiser said the industry's recovery was continuing at pace.
Hyve, which also confirmed it refinanced its debt, said at the of June that the pace of in-person event recovery had exceeded expectations, and on Monday it said the trend had continued over the final three months of the financial year.

The recovery had been seen in all markets, it noted, with China the only exception. Beijing continues to follow a policy of zero-Covid, including rolling lockdowns, and Hyve said the restrictions had led to the cancellation of all its Chinese events in August.

Elsewhere, however, two of its largest events - Autumn Fair and Groceryshop - "significantly outperformed" previous editions. In particular, Groceryshop reported revenues 40% higher the largest pre-Covid edition of the event.

Looking ahead, Hyve added: "Positive trading momentum continues as we approach the 2023 full year, with forward bookings for the next financial year currently in excess of £65m."

As at 0900 BST, shares in Hyve were ahead 6% at 53.8p.

Hyve said the new debt facilities, totalling £135m, would replace its previous facilities, with the £101m currently draw to be repaid on full later this month when the new funds are drawn. The new facilities comprise a £115m term loan and a £20m super senior revolving credit facility.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hyve Group Market Data

Currency UK Pounds
Share Price 70.10p
Change Today -2.90p
% Change -3.97 %
52 Week High 115.00
52 Week Low 46.76
Volume 169,979
Shares Issued 291.64m
Market Cap £204.44m
RiskGrade 353

Hyve Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.26% below the market average7.26% below the market average7.26% below the market average7.26% below the market average7.26% below the market average
12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average
Price Trend
20.45% below the market average20.45% below the market average20.45% below the market average20.45% below the market average20.45% below the market average
7.41% below the sector average7.41% below the sector average7.41% below the sector average7.41% below the sector average7.41% below the sector average
Income
27.36% below the market average27.36% below the market average27.36% below the market average27.36% below the market average27.36% below the market average
26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average
Growth
18.01% above the market average18.01% above the market average18.01% above the market average18.01% above the market average18.01% above the market average
30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hyve Group Dividends

  Latest Previous
  Final Interim
Ex-Div 02-Jan-20 20-Jun-19
Paid 03-Feb-20 01-Aug-19
Amount 1.60p 0.90p

Trades for 01-Feb-2023

Time Volume / Share Price
16:16 10,000 @ 71.19p
16:15 4,233 @ 71.19p
16:09 1,389 @ 71.19p
16:09 1,389 @ 71.19p
15:53 50 @ 70.10p

Hyve Group Key Personnel

CEO Mark Shashoua

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