Member Info for rumbers2

N+1 Singer sees continuing earnings momentum with the recent acquisitions and have upgraded their FY18 and 19 EPS forecasts by 84% and 59% respectively. Target price today raised from 63p to 68p.

Speedy on the acquisition trail with two choice purchases this morning. According to specialist publication Cranes & Access, the addition of 1,620 platforms to Speedy�s fleet, which it estimates at 3,000 units, would take it just above A-Plant in its annual rankings of powered access platform fleets. A-Plant is credited with having 4,500 units. The top three are Nationwide (11,145 units), HSS (9,112) and AFI (6,219).

How come Tosca's Martin Hughes has got his huge investment in HSS so badly wrong? I thought his business acumen was renowned. What if he now tries to save his own skin by using David Shearer inside Speedy Hire to aggressively push for a merger. Would that succeed? Probably not. Owning 20% of Speedy's shares Tosca might just get the additional support of Schroders with 10% but that's the limit. No one else would support this madcap plan, would they?

Peel Hunt lifts price target to 65p from 60p.

Liberum ups target price from 62p to 71p. However I am mindful of peabops comments that core revenue stream is not growing. Perhaps market is giving SDY the benefit of the doubt in view of the current Brexit uncertainty.

With £230m of debt HSS should be avoided like a leper's turd. But Toscafund seem hellbent on a merger and It wouldn't surprise me if they were still adding today. What possible benefit can that bring to SDY's shareholders? Perhaps their sleuth at Speedy David Shearer would care to enlighten us all.