Hercules Site Services originally hoped to raise up to £5.5m of new money through a placing and PrimaryBid offer and ended up raising £4m. The existing shareholder also raised £4m. The tougher market probably held back the price and money raised. It is still in a good position to take advantage of opportunities
Demand for staff for infrastructure projects will be significant over the next few years and the company is in a good position to benefit. The expected organic growth could be supplemented by acquisitions.
The shares opened at 52.5p and ended the day at 53.5p. There were just ove...
