Member Info for rumbers2

Jambon you really are embarrassing as you blunder from forum to forum spouting absolute rubbish.Carillion was the last company you were gushingly singing the praises of ad nauseam until you suddenly vamoosed the day before its demise. HSS a has debt pile of �232 million and will spend yet a further �70 million implementing yet another round of cost-saving measures which will save at best �6 million per annum. These same changes started years ago and were such an abysmal failure that even the last CEO threw in the towel. It's the perennial promise of 'jam tomorrow' with HSS which always fails to deliver.

Liberum said this morning :"The improvement in utillisation suggests that the company is successfully execting its strategy to optimise fleet and improve the underlying performance of its core rental business. Crucially, not only is the 11% ROCE expected in FY18 well ahead of our previous forecast of 9.9%, it is also the first time in a decade that the group has generated a return at or above its cost of capital" brokerage Leberum added.

The positive trading update this morning should reassure Mr Market that Carillon's demise was a mere blip to Speedy's progress. Hereon in it's onwards and upwards!

Liberum have just said although this news is "unhelpful it is not as bad as first feared. Despite the potential write-down of receivables that will result we believe the long-term impact on financials will be limited. This reflects the likelihood of JV Partners and other third parties taking on much of Carillion's workload, as well as the flexibility within Speedy's own operations" the broker adds. The broker added it sees Speedy's immediate share price reaction as overdone.

Surely many of these contracts now in limbo will be re-tendered pretty quickly with Government help, otherwise its going to backfire quite spectacularly on the Conservatives. I note other companies like AHT and even HSS haven't reacted negatively at all.

Happy new year to you all. Some big transactions yesterday and and a further 1.6 million just now which ostensibly look like sells, however 61p still holds firm. I expect to see a quick ascent to 66p if the bullish momentum does continue.

Merry Xmas to all investors here. If SDY can pass its final test demonstrating real organic growth then the SP this coming year should prove a lot more dramatic and rewarding than the last.

Late released RNS this evening confirms Toscafund sold the remainder of their holding last Friday. It may not immediately propel us over 60p as hoped Nohearts but good news all the same!

..And we're off! Play Vaughan-Williams 'The Lark Ascending' as we soar. The SP has to break well clear of that dogged 57p resistance/support line for me to be really confident, preferably a close at 59.5p or above.

Toscafund sold its remaining 8% holding maybe?

How can a few months of tepid growth set against a menacing backdrop of £220 millon debt possibly excite anybody to want to buy here?

I agree with about Shearer i think he is a good addition to the team. What on earth is Hughes going to do with all his HSS shares. I dont think he's sold any thus far. I'm looking forward to listening to HSS stuttering attempts at their rescue package announced this Thursday morning. PS. Did you see that the Competition & Markets Authority are investigating VP's acquisition of Brandon Hire? Perhaps in the spirit of Xmas altruism the CMA are warning them they are paying way over the odds!.

Well I was certainly wide-off-the-mark in misjudging the market reaction yesterday Nohearts. No melodramas or volatility in fact the SP even attempted a brief bullish surge to 58p towards the close before pulling back again. I also would like to see Tosca sell their remaining 8% holding. Would David Shearer resign in that circumstance I wonder? Did you see Tosca also sold a 90% stake in IMO on Friday in an RNS released the same time as Speedy's after close. The Telegraph suggests the sale relates more to Tosca's own internal problems than being company specific. In fact it blames them for holding back the SP and expects it to rise now the Tosca overhang has been cleared. Likewise perhaps Speedy will also respond positively given the identical circumstances.

Chequemate Toscafund released an RNS on Speedy Hire at exactly same time after Friday's close. Similar situation reducing holding from 20% to 8% but done in one fell swoop.No previous sales had been reported. Thats over 60 million shares. I was/am expecting carnage tomorrow over at Speedy but judging by the mood on this thread it seems many of you are glad to be shot of Toscafund. So for me a Speedy shareholder I'm hoping all may not be as dark as it first appears.

I expected this breaking story to create more of a buzz than it has Noheart but apparently not. The market will be flooded by over 90 million shares on Monday (Tosca ditching approx.60 million and Credit Suisse 30 million) so i'm worried the SP might take us on a white-knuckle ride. I'm praying other institutional holders don't follow suit and sell. I don't think that will happen as I've read some pretty disparaging comments about Toscafund and their huge gaffs in the past. I don't think they are that highly regarded within the industry.

Toscafund tonight reveal they have sold the lions share of their 20% stake in Speedy Hire leaving them with 8% holding. It's clear they have conceded defeat in the long fight for a merger with HSS. The HSS survival plan had better be good next week because no knight in shining armour will be coming to its rescue now.

LONDON (Alliance News) - Speedy Hire PLC said on Friday Toscafund Asset Management PLC more than halved its stake in the equipment rental hire company in a transaction on Thursday as Credit Suisse AG also reduced its position the same day. After the transaction, Toscafund held 43.1 million shares which is equivalent to a 8.2% holding in the company. Prior to the transaction, Toscafund had held a 20.0% stake in the firm. Also on Thursday, Swiss banking giant Credit Suisse cut its holding in Speedy Hire below the notifiable threshold after building up a 10.0% stake on Wednesday. Credit Suisse bulked up its stake in Speedy Hire on Wednesday to 10.0% from 7.6% previously through an expansion in its holding of swaps in the company. However, on Thursday it sold down its stake to the point at which it was no longer notifiable. No further details regarding Credit Suisse's holding after the Thursday transaction were disclosed. In mid-November, Speedy Hire hiked its interim dividend more than 50% after reporting half year pretax profit widened 11% to GBP6.0 million from GBP5.4 million the year prior. Shares in Speedy Hire closed 2.6% lower at 56.00 pence on Friday.

The ALNC headline says Credit Suisse has reduced its holding too. But that looks wrong. The RNS released at 16.26 reveals it now owns 10% of Speedy (7.56% previously) amounting to 52.5 million shares. So who is taking up all the aborted stock, Or are we in for a drop on Monday?

Toscafund have reduced their holding from 20% down to 8% in one fell swoop. My god i make that a reduction of at least 63-65 million shares off top of my head. What on earth has happened? Is anybody able to access the contents of the ALNC bulletin released just after 5pm.

Am i reading that right. Over 19 million shares purchased after close?