Announcement • May 24
Hyve Group Announces Removal of the Ordinary Shares from the Official List The Financial Conduct Authority (FCA) removed the Ordinary Shares of 10p each; fully paid, Premium Equity Commercial Companies of Hyve Group Plc from the Official List effective from May 23, 2023. Announcement • May 23
Cancellation of Listing and Dealings in Hyve Shares Is Expected on 23 May 2023 Hyve Group plc ("Hyve") and Heron UK Bidco Limited ("Bidco") announced that, following the delivery of the Scheme Court Order to the Registrar of Companies on 22 May 2023, the Scheme has now become Effective in accordance with its terms and the entire issued share capital of Hyve is now owned by Bidco. Hyve Shareholders on the register at the Scheme Record Time, being 6:00 p.m. on 19 May 2023, will receive 121 pence in cash for each Scheme Share. Suspension of listing and dealings in Hyve Shares: The listing of Hyve Shares on the premium listing segment of the Official List of the Financial Conduct Authority and the admission to trading of Hyve Shares on the London Stock Exchange's Main Market for listed securities was suspended with effect from 7:30 a.m. on 22 May 2023. Cancellation of listing and dealings in Hyve Shares: An application has been made to the Financial Conduct Authority and the London Stock Exchange in relation to the cancellation of Hyve's listing on the premium listing segment of the Official list and the trading of Hyve Shares on the London Stock Exchange's Main Market, which is expected to take place by 8:00 a.m. on 23 May 2023. Settlement: The latest date for the dispatch of cheques to Hyve Shareholders and settlement through CREST for cash consideration due under the Scheme is 5 June 2023. As a result of the Scheme having become Effective, share certificates in respect of Hyve Shares have ceased to be valid documents of title and entitlements to Hyve Shares held in uncertificated form in CREST have been cancelled. Announcement • May 22
Hyve Group Plc(LSE:HYVE) dropped from FTSE All-Share Index (GBP) Hyve Group Plc(LSE:HYVE) dropped from FTSE All-Share Index (GBP) Announcement • May 19
De-Listing of Hyve Shares Expected to Take Effect on 23 May 2023 Hyve Group plc ("Hyve") and Heron UK Bidco Limited ("Bidco") announced that the Court has on 18 May 2023 sanctioned the scheme of arrangement under Part 26 of the Companies Act (the "Scheme") by which the recommended cash acquisition of the entire issued and to be issued share capital of Hyve by Bidco (the "Acquisition") is being implemented. The Scheme will become effective upon the Scheme Court Order being delivered to the Registrar of Companies, which is expected to take place on 22 May 2023. Next steps: Applications have been made for the suspension of: (i) trading in Hyve Shares on the London Stock Exchange's Main Market for listed securities and (ii) the listing of Hyve Shares on the premium listing segment of the Official List of the Financial Conduct Authority, and such suspensions are expected to take effect by 8:00 a.m. on 22 May 2023. The last day of dealings in, and for the registration and transfer of, Hyve Shares is therefore expected to be 19 May 2023. The de-listing of Hyve Shares from the premium listing segment of the Official list of the Financial Conduct Authority and the cancellation of the admission to trading of Hyve Shares on the London Stock Exchange's Main Market for listed securities have also been applied for and, subject to the Scheme becoming Effective, are expected to take effect by 8:00 a.m. on 23 May 2023. Announcement • May 06
Hyve Group Announces Update on its Cancellation of Listing As announced on 3 May 2023, Hyve Group Plc Shareholders voted to approve the Scheme at the Court Meeting and the General Meeting held on 3 May 2023 in connection with the recommended cash offer for the entire issued and to be issued ordinary share capital of Hyve by Heron UK Bidco Limited. The Scheme Court Hearing has been scheduled for 18 May 2023 and the Scheme is therefore expected to become Effective on 22 May 2023. Suspension of listing of, and dealings in, Hyve Shares is expected before markets open on 22 May 2023. Cancellation of listing of Hyve Shares is expected on 23 May 2023. Announcement • Jan 27
Hyve Group plc Appoints Julie Harris as Non-Executive Director, Effective 2 February 2023 Hyve Group plc announced the appointment of Julie Harris as non-executive director of the board of directors effective 2 February 2023. Julie has a leadership and management background in the media and information technology sectors and is currently Chief Executive Officer of Comparison Technologies, a position she has held since November 2019. Julie has over 25 years' experience of working in B2B and B2C media and events businesses delivering on digital transformation and has been a NED of Which? Ltd. for the last five years. Julie has been in executive leadership roles for over 10 years and has led teams in the UK and internationally, launching, acquiring and growing businesses, developing tech products and driving significant value. Julie has created diverse, inclusive and high-performance environments in the organizations she has been a part of. At Hyve, Julie will take on the role of ESG Committee Chair, providing Board-level oversight of the delivery of the Group's ESG strategy. Announcement • Jan 25
Hyve Group Plc to Report First Half, 2023 Results on May 16, 2023 Hyve Group Plc announced that they will report first half, 2023 results on May 16, 2023 Announcement • Jan 04
Hyve Group Plc, Annual General Meeting, Feb 01, 2023 Hyve Group Plc, Annual General Meeting, Feb 01, 2023, at 09:00 Coordinated Universal Time. Location: Hyve Group plc offices, 2 Kingdom Street, London W2 6JG London United Kingdom Price Target Changed • Dec 20
Price target decreased to UK£1.37 Down from UK£1.49, the current price target is an average from 3 analysts. New target price is 97% above last closing price of UK£0.69. Stock is down 19% over the past year. The company is forecast to post a net loss per share of UK£0.04 next year compared to a net loss per share of UK£0.086 last year. Reported Earnings • Dec 14
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: UK£0.086 loss per share (further deteriorated from UK£0.056 loss in FY 2021). Revenue: UK£122.5m (up 122% from FY 2021). Net loss: UK£24.7m (loss widened 68% from FY 2021). Revenue exceeded analyst estimates by 37%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Media industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Director Nick Backhouse was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Aug 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be UK£0.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 51% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 56% in 2 years. Earnings is forecast to grow by 90% in the next 2 years. Major Estimate Revision • Jun 30
Consensus estimates of losses per share improve by 16% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from UK£118.0m to UK£121.8m. EPS estimate increased from -UK£0.06 per share to -UK£0.05 per share. Media industry in the United Kingdom expected to see average net income growth of 35% next year. Consensus price target up from UK£1.49 to UK£1.53. Share price rose 6.2% to UK£0.74 over the past week. Major Estimate Revision • May 31
Consensus estimates of losses per share improve by 34% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from UK£113.9m to UK£118.2m. EPS estimate increased from -UK£0.09 per share to -UK£0.06 per share. Media industry in the United Kingdom expected to see average net income growth of 40% next year. Consensus price target up from UK£1.43 to UK£1.49. Share price rose 2.1% to UK£0.88 over the past week. Reported Earnings • May 27
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: UK£0.043 loss per share (down from UK£0.065 profit in 1H 2021). Revenue: UK£58.6m (up UK£53.7m from 1H 2021). Net loss: UK£12.5m (down 173% from profit in 1H 2021). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 59%. Over the next year, revenue is forecast to grow 23%, compared to a 9.3% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Price Target Changed • May 26
Price target increased to UK£1.67 Up from UK£1.43, the current price target is an average from 3 analysts. New target price is 97% above last closing price of UK£0.85. Stock is down 36% over the past year. The company is forecast to post a net loss per share of UK£0.088 next year compared to a net loss per share of UK£0.056 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Senior Independent Director Nick Backhouse was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 04
Less than half of directors are independent Following Non-Executive Director Anna Bateson's arrival on 01 March 2022, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Senior Independent Director Nick Backhouse was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Jan 21
Price target decreased to UK£1.65 Down from UK£1.78, the current price target is an average from 4 analysts. New target price is 50% above last closing price of UK£1.10. Stock is down 5.1% over the past year. The company is forecast to post a net loss per share of UK£0.096 next year compared to a net loss per share of UK£0.056 last year. Major Estimate Revision • Jan 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -UK£0.11 to -UK£0.10 per share. Revenue forecast steady at UK£130.5m. Media industry in the United Kingdom expected to see average net income growth of 41% next year. Consensus price target down from UK£1.89 to UK£1.80. Share price rose 3.2% to UK£1.14 over the past week. Reported Earnings • Dec 17
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: UK£0.056 loss per share (up from UK£1.72 loss in FY 2020). Revenue: UK£55.2m (down 48% from FY 2020). Net loss: UK£14.8m (loss narrowed 95% from FY 2020). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 59%. Earnings per share (EPS) surpassed analyst estimates by 59%. Over the next year, revenue is forecast to grow 135%, compared to a 14% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Price Target Changed • Dec 17
Price target increased to UK£1.78 Up from UK£1.63, the current price target is an average from 4 analysts. New target price is 104% above last closing price of UK£0.87. Stock is down 20% over the past year. The company is forecast to post a net loss per share of UK£0.046 next year compared to a net loss per share of UK£1.72 last year. Major Estimate Revision • Jul 09
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from UK£62.3m to UK£61.2m. 2021 losses expected to reduce from -UK£0.052 to -UK£0.046 per share. Media industry in the United Kingdom expected to see average net income growth of 38% next year. Consensus price target up from UK£1.52 to UK£1.63. Share price was steady at UK£1.31 over the past week. Price Target Changed • Jul 09
Price target increased to UK£1.63 Up from UK£1.52, the current price target is an average from 5 analysts. New target price is 24% above last closing price of UK£1.31. Stock is up 47% over the past year. Reported Earnings • May 21
First half 2021 earnings released: EPS UK£0.059 (vs UK£2.17 loss in 1H 2020) First half 2021 results: Revenue: UK£10.4m (down 89% from 1H 2020). Net income: UK£15.5m (up UK£185.0m from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year whereas the company’s share price has fallen by 56% per year. Major Estimate Revision • Apr 09
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from UK£79.8m to UK£74.9m. 2021 losses expected to reduce from -UK£0.13 to -UK£0.12 per share. Media industry in the United Kingdom expected to see average net income growth of 24% next year. Consensus price target of UK£1.49 unchanged from last update. Share price rose 4.5% to UK£1.31 over the past week. Is New 90 Day High Low • Feb 20
New 90-day high: UK£1.36 The company is up 51% from its price of UK£0.90 on 20 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£4.23 per share. Price Target Changed • Jan 22
Price target raised to UK£1.55 Up from UK£1.41, the current price target is an average from 4 analysts. The new target price is 34% above the current share price of UK£1.16. As of last close, the stock is down 89% over the past year. Is New 90 Day High Low • Dec 10
New 90-day high: UK£1.26 The company is up 48% from its price of UK£0.85 on 10 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£3.56 per share. Price Target Changed • Dec 04
Price target raised to UK£1.33 Up from UK£1.22, the current price target is an average from 4 analysts. The new target price is 7.3% above the current share price of UK£1.24. As of last close, the stock is down 85% over the past year. Analyst Estimate Surprise Post Earnings • Dec 02
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.02%. Earnings per share (EPS) also surpassed analyst estimates by 101%. Over the next year, revenue is expected to shrink by 1.2% compared to a 2.5% decline forecast for the Media industry in the United Kingdom. Reported Earnings • Dec 02
Full year 2020 earnings released: UK£1.72 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: UK£105.1m (down 52% from FY 2019). Net loss: UK£303.7m (down UK£306.9m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 90% per year but the company’s share price has only fallen by 61% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 02
New 90-day low: UK£0.50 The company is down 41% from its price of UK£0.84 on 04 August 2020. The British market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.53 per share. Is New 90 Day High Low • Oct 15
New 90-day low: UK£0.61 The company is down 29% from its price of UK£0.86 on 17 July 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.59 per share. Major Estimate Revision • Sep 24
Analysts update estimates The 2020 consensus revenue estimate was lowered from UK£120.3m to UK£105.1m. Earning per share (EPS) estimate remained mostly unchanged at -UK£0.86. The Media industry in the United Kingdom is expected to see a 8.8% decline in net income next year. The consensus price target was lowered from UK£1.30 to UK£1.22. Share price is down by 13% to UK£0.65 over the past week. Is New 90 Day High Low • Sep 22
New 90-day low: UK£0.69 The company is down 37% from its price of UK£1.09 on 24 June 2020. The British market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.21 per share. 
