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Agree and I still think this is small scale buying.. Much more to come.
Building momentum nicely. Super amount of buying today pushing the SP up. Hopefully put on us a few more radars.
Once it breaks out of 10.30p. will be nice uptrend.
Agree, I think it will be over 15p within a month....
Slow and steady rise will be good. I dont think it'll stay at these levels for long...
The RNS's provide good signals on various front - clearly IIs are not selling out as we approach the change to AIM, if they wanted out logic would suggest they would be doing it now.
Second, a very large proportion of shares are held by II's and perhaps the availability of shares in more limited than activity currently suggests.
It also appear to me (IMO) that the company is unloved or overlooked by PI's, just look at the BB posts volumes, I suspect when this moves to AIM there will be a lot more interest. If the II's hold firm then it bodes very well for the new year.
Yes it’s showing how the cookie has crumbled. Is this the day things finally get moving...?
Could these RNS notifications just be a result of the uptake of the rights issue by these major holders?
Some very large holdings RNS just issued.
Looks to me like someone is hoovering up the free shares at the moment.. Look at RR, thats doubled already since rights issue but took a while to get going... Like jointhedots says, this is a recapitalised business now with resilient demand which is likely to grow as they have less competition, as they become more efficient which they should and grow margin these will look even cheaper than they already do. I suspect these will move fast once they finally start moving...
It may not feel like it to those that are in a prices higher than the placing , but this is a really good start for the company post capital raise. It's almost inevitable that the SP comes under pressure post capital raise but a couple of % point down need to be put into context. it's meaningless with the inevitable overhang of shares that some want to sell and the Brexit nonsense heightening the risk for almost all UK operators.
The company is now poised to grow strongly with the capital to do it and the strategy already being pursued. They must surely also be in a position to secure more financing if necessary as they are presented with opportunities to expand and chase efficiencies.
The SP could move up significantly anytime, but who knows what the catalyst will be or if we'll have to wait until well into 2021, however I don't feel we are at risk of a significant slump so happy to hold and wait. In the current market it's best to be in companies that have plenty of liquidity.
Well some very chunky after hours buying..
Market is looking an excuse to tank so I disagree and brexit no deal will give it a precursor, imho that would bring all down with it hss included. If that happens I wouldn't sell I'd be buying as I wouldn't want to miss out on the rebound. But then I can afford lose, can you?
Don’t really see brexit as a big driver either way here mate.
It'll drop on a no deal brexit and vice versa imho.
Holdings RNS dropped.
I really dont think its going to mate...... I think this is a great price to really load up.. Ive taken around 500,000 now.
I'd like it to go down so I can grab another tranche.
Grab your popcorn and make sure your loaded.
Yes its possible tripple bag...hopefully brexit deal and virus rates down..this will back up to 30
Nice to see Directors all buying large amounts at these levels. Confidence within the camp. GL.
Agree. This is very undervalued at present. I suspect we see a decent recovery start soon in the sp. if you want a good return it’s tones like this you need to be buying.
Taken from the trading statement on 21st Nov 2019 :-
For the 39 weeks to September 28, the equipment suppliers revenue rose 2.3% to GBP246.8 million from GBP241.4 million in the comparative period a year ago.
Adjusted earnings before interest, tax, depreciation and amortization in the quarter increased 7.9% to GBP47.2 million from GBP43.7 million a year ago.
Just a matter of picking up the reins from pre pandemic time's then? Oh and the sp was in the mid 30's back then, so could possibly be a triple bagger into next year imho.
Think of plant hire, think of HSS? Think also of SDY, think also of AHT to name but two who are listed.. Look at their accounts, look at their share graphs recently. I am happy to be proved wrong. I am happy to argue points. Tell me, why should HSS recover better than just these two alone, they already are recovering.
Think of plant hire you think of HSS. There's a lot of milage in those three letters and recently they've been doing the right things by streamlining the business in these hopefully temporary times and building on their online presence. The only way out of these awful economic times is in construction and building projects that are government funded and I know we'll get plenty of announcements on these in 2021. Time will tell if course.