The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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In the interests of balance: http://www.*************.com/views/19959/another-look-at-hss-hire-group-plc-i-stay-short
A combined HSS|Speedy would bring about significant cost savings and a heavily reduced capex requirement. £50mln pa doesn't appear fanciful.
PI's are selling at these daft prices but the Tosca buy algos are gobbling them up.
Tosca must be insane to keep bidding up this junk.
"halfway out of the IPO hole". Yes,me too and thousands like us, and what a hole it was!! No sooner than the flotation was bobbing about, a profits warning surfaced alongside and torpedoed us. A shameful episode worthy of investigation by the FCA but of course nowt happened and the previous owners walked off with loads of moolah. Let's hope we are on the path to recovery
"When Toscafund builds a meaty stake in a company, it usually means founder Martin Hughes has a trick or two up his sleeve." - Evening Standard - 10 Sep 2015. According to latest RNS, Toscafund has 17.43% of HSS @ 10th May, and 19.44% of Speedy Hire @ 29th April. Interesting times ahead!
Was going to say this looks like a classic short squeeze but there doesn't seem to be any shorts of note on shorttracker.co.uk. Strange one.
105 reaced today, so i'm half way out the IPO hole, can i see daylight yet?? Can there be any other factors at play here other than merger speculation?
amazing
What's going on here then? SP up on low volume and spread has widened.
yes you did, well done. I'll be amazed if this gets anywhere near 1.50 though
Tosca are an activist fund manager and their aggressive stake building in both HSS and Speedy is fuelling bid/ merger speculation.
I surely told you to keep faith and sp would rise £1 soon then hold and rise £1.50 before Christmas
I see there was a few changes at the top last week , after last years debacle perhaps the markets are pleased to see the back of them
This share is bizarre, It just slowly creeps up and up and up on low volume.
Poor profit, poor dividend, seems overvalued to me. Bring it back to 50p and I might consider it.
Confident of £1.30 + by end of summer.
Winning back the trust of institutions comes before talk of 100 pence per share. We took a kicking, rightly, because the buy side were blindsided into paying too much.
HSS holding its own closing down some day but opening higher I am happy with this for time being I still think £1 with a few weeks early June and if summer is a good one even better later in year few big development near me so I guess this is nation wide
£9 mln attributable to IPO costs and redeeming debt from the bond issue.
Encourage you all to listen to the FY2015 presentation. Gill gave an example of the proposition by highlighting a tender contract win with Amey worth low single digits in revenue terms. Effective from Jan.
easy, looks like the market is agreeing with me and not you. Too much debt here. And btw profit isn't up 10%, it's massively down. (do you mean revenue)
The key message is that Q1 2016 revenue is up on corresponding period last yr. Gill's job is to win back trust in the City and his comments on current trading bode well for the future.