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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!!
https://www.toscafund.com/uploads/Toscafund_responds_SpeedyHire.pdf
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
https://www.toscafund.com/uploads/Ltr%20to%20Jan%20Astrand%20Speedy%20Hire%2010.08.16.pdf
Regarding Speedy. Interesting to learn what happened during the end of last year when a potential merger was rumoured with HSS. https://www.toscafund.com/uploads/2207%20Project%20Rapid%20RNS%20FINAL.pdf
Sourced from Research Tree following Q1 2016 update: Our view: HSS recorded a good performance in Q1 2016 with growth across both its business lines. The company's margins improved due to cost reduction actions implemented in 2015. HSS witnessed utilisation improvements across the group, with core utilisation rising 2% to 49% and special utilisation increasing 4% to 76%. The company's new NDEC would aid its extensive branch network and web capabilities. However, HSS's huge debt remains a factor potentially limiting its ability to fully participate in the continuing recovery. Moreover, a Brexit vote on 23rd June 2016 would likely further dampen the company's prospects. Beaufort's 2016E EPS forecast remains toward the upper end of market expectations at 6.7p (followed by 8.5p the following year), but current uncertainties mean that Beaufort has decided to cut its own price target from 100 per share to 90 per share and maintain its recommendation to Hold until improved visibility justifies a further earnings upgrade.
slipping now perhaps
too little volume to move this either way
.... and in decent amounts too
Good on them, glad they found a supply of greater fools to punt these on to, that's what the market is all about after all.
I have joined the directors, my feeling is you are safer out than in at the moment ?? ,directors may have beat the next institution to the sell button ??!! GLA.
Quite a few too
Profuse apologies. I have always assumed that inclusion of the epithet "dohh" is an indication that you think the other person is an imbecile!! It seems I am wrong?
in this share today.Something taking place, on the verge of cashing in !! but keep getting a feeling that a bid for the company is around ?? GLA
IMHO
Get a sense of humour mate!! I was only trying to be helpful!!
Yes, thank you for your polite response. You appear to be one of the know it alls who infest these BB's and seem incapable of posting in a civilised fashion.If you can't say something constructive then zip it
Its on there dohh !! Lool
Said to be today but can't find anything. Wrong date??
They only held 11% now on the 17th of May they have 17% !! So they have picked up all the sells from other institutions GLA
how do you know it's toscafund buying this that is causing the rise.
See http://www.hsshiregroup.com/investor-relations/financial-calendar/