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Search me! I'm with you,surely must know something about something. Totally unexpected ?
Major interest in shares today??? Either this lot have totally lost the plot or they have inside info.
And they wanted these to merge with Speedy!?!?
Cash call today for £18m. The first of many to come methinks. Wouldn't surprise me one bit if this lot did a 'Hewden' in 2017 and Speedy picked up the pieces on the cheap. Ridiculous amount of debt compared to profits and net assets and they're not paying their Suppliers. Nobody's coming in with a bid for this lot. Why would they want to buy £240m of debt? There's too much competition with cutthroat pricing. A walking disaster waiting to go bust IMHO. (I have no position, long or short)
Yet another "warning" from this stumbling company. How it ever justified a floatation at 210p is beyond me as is the fact that it was never investigated as a really misleading prospectus despite the fact that 2 profit warnings were issued within months of the flotation.
Purchased assets following Hewden's collapse.
Minimal impact. I highlighted it because Ashtead got into bed with the bidder 5 years ago to acquire Lavendon. Different climate now tho'. HSS must show the NDEC is producing tangible results leading into FY2017. The delayed £200m re-fi poses more q's than answers. Need more colour on this.
How would this impact HSS Hire in your opinion? Do you expect to see a significant improvement regards HSS Price when Q3 is released Thursday?
Subject to a bid approach today. Share price up north of 37%.
3rd qt. trading update due next week.
Could it be Tosca buying more shares now that there man is in at Speedy, thoughts of a merger more likely?? When is HSS's next trading update? Like mcfcmaniac said, now that this distribution centre is done i'm hoping to see improvments although i'm sure i'm never going to get my money back, went in at the float like a fool
I was impressed by the plans for the National Distribution and Engineering Center when this was announced and secured a number of shares so it is pleasing to see the improvement, I largely expect with the next quarterly release that figures would improve given this is now launched and associated costs of implementing the change will be nipped in the bud
Largely as a result of positive results from Lavendon and Speedy. The latter released interims today.
This seems to be picking up lately, any thoughts?
Immaterial. Thanks for the insight.
What gave you that impression?
Interesting. Thanks for this - you're a Speedy employee, right?
From the HSS staff we are interviewing as a result
Where did you hear this?
Reckon so. Tosca openly publicised £20mln of synergy related savings.
Cost cutting pre merger ? Any thoughts ?
30+ closures in the Midlands today!!
Includes a schedule of meetings and conversations held between HSS and Speedy regarding a potential merger. Click: http://investors.speedyservices.com/media/1284/speedy_general-meeting-circular-2016.pdf