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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.
Large slug of shares traded today in a single transaction.
What makes you so sure Micky? The mandate for a merger isn't clear (amongst the institutional shareholders) given the outcome of the recent vote. I don't hold Speedy, do HSS however.
Less, is my gut feel.
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.
Interesting and would seem a logical move. Ardent need to achieve critical mass. Where did hear this - can I ask?
In the interests of balance: http://www.*************.com/views/19959/another-look-at-hss-hire-group-plc-i-stay-short