Hyve Group (HYVE)

Sector:

Media

Index:

FTSE 250

87.40p
   
  • Change Today:
    -2.30p
  • 52 Week High: 109.20
  • 52 Week Low: 66.30
  • Currency: UK Pounds
  • Shares Issued: 815.78m
  • Volume: 1,475,681
  • Market Cap: £712.99m

Hyve trades in line following promotion to FTSE 250

By Iain Gilbert

Date: Thursday 23 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Events business Hyve Group told investors on Thursday that it had made a good start to the year and was now trading in line with management expectations following its promotion to the FTSE 250.
For the three months ended 31 December 2019, Hyve's revenues were up 7% on a like-for-like basis - reflecting strong trading from events that had received investment, most notably Africa Oil Week and Yugagro.

Hyve also noted that as a result of the recent transformation of the group, the first quarter was now set to be "a relatively small quarter" from a revenue perspective.

The firm recently acquired Shoptalk and Groceryshop - two US-based market-leading events focused on e-commerce in the retail, grocery and consumer packaged goods industries - and said the benefits of strengthening and diversifying its portfolio could also be seen from continued growth in forward bookings, which were up 3% at £187m.

"Despite uncertainty both economically and geopolitically across many of our markets, we remain confident in achieving our full-year expectations," noted Hyve.

As of 0825 GMT, Hyve shares were down 3.18% at 103.60p.

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

 

Hyve Group Market Data

Currency UK Pounds
Share Price 87.40p
Change Today -2.30p
% Change -2.56 %
52 Week High 109.20
52 Week Low 66.30
Volume 1,475,681
Shares Issued 815.78m
Market Cap £712.99m

Hyve Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.75% below the market average14.75% below the market average14.75% below the market average14.75% below the market average14.75% below the market average
3.45% below the sector average3.45% below the sector average3.45% below the sector average3.45% below the sector average3.45% below the sector average
Price Trend
46.60% above the market average46.60% above the market average46.60% above the market average46.60% above the market average46.60% above the market average
58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average
Income
0.91% below the market average0.91% below the market average0.91% below the market average0.91% below the market average0.91% below the market average
43.75% below the sector average43.75% below the sector average43.75% below the sector average43.75% below the sector average43.75% below the sector average
Growth
34.38% above the market average34.38% above the market average34.38% above the market average34.38% above the market average34.38% above the market average
35.48% above the sector average35.48% above the sector average35.48% above the sector average35.48% above the sector average35.48% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
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 24-Feb-2020

Time Volume / Share Price
16:35 421,131 @ 87.40p
16:29 1,718 @ 88.20p
16:29 1,337 @ 88.20p
16:29 1,375 @ 88.20p
16:29 803 @ 87.90p

Hyve Group Key Personnel

CEO Mark Shashoua
CFO Andrew Beach

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