The order book for the stock was this morning UPSIDE down and opening with an 8p "AT" and then with a 7.48p, which is now the Offer price.
Let's see if it is sorted out as the day goes on. |
Tiny/small/medium caps awaiting rates to be cut so liquidity flows back in... |
The game of rising from the lows is ON
> |
I wonder how SDY with net debt of over £100 million and cash in the bank of £2.8 million can be expected to take over HSS with a market cap. of around £50 million and net debt of around £112 million. SDY would be putting themselves over £200 million in debt, not to mention that they don’t seem to have the financial clout for a takeover. If I’ve missed something, please point it out. |
Omg imaginations running into overdrive |
Would be good fit for Speedy Hire...eliminate competition, gain contracts and exposure...close down over lap branches... |
Finally at the end of the day a 7.40p "AT" was reported
16:22:33 7.40 2,376 AT |
There was talk not so long ago, that predators like Travis Perkins or Speedy Hire could pounce on the stock, taking advantage of their share price rise in the last 3 months, while HSS hire has been lower by the same time.
Share prices during the last 3 months TPK +34% SDY +66% HSS - 8% |
The herd is buying, but the herd for posting has run out of ideas while on holidays even if they are at the Park it seems. |
Where is the herd?... |
That's the way with higher buyers 150k paying almost the full offer 7.389p |
On the right track as the bid goes to 7.26p
The last buy was paying 7.354p, so slowly everything is moving in the right direction. |
It is still early day, but already the spread has moved up on the offer 7.20 v 7.40p
Being an order book share the price showing is always the last "AT" traded, in this case, was at opening still 7.20p.
The real price paid for buying is 7.33p, yesterday's last one was 7.292p. |
7.20p as UT spread 7.20 v 7.30p
The Time has come to move higher |
The volume buying today is very promising after the long bottom floor
Spread 7.20 v 7.30p is very narrow
But better on the real prices paid 7.2101 v 7.288p |
150k buyer likes it... |
Yep, back into 7p!
A long way to go for the 10-11p, will it ever see the 14 some were calling for??
Will a Lab Government pump money into construction (it's all talk atm).
Will we then see a better tick up here? 50/50 chance.
Gla |
Bid price finally creeping up?... |
This lagging behind...big buys going through... |
Kingston..
Possibly the market has/is punishing HSS board of directors & want them out!
Gla |
The rentals business is big and fragmented in the UK. There are thousands of small rental companies serving their local communities.
The big rental companies obviously want to win big long term contracts with large companies, but these tend to be low margin in my opinion, but nevertheless is good to have.
Anyway, I don't understand why HSS has sunk from 11 p to 7 p whilst during the same period Speedy Hire has risen from 24 p to 40 p. Granted, Speedy Hire has somehow managed to pinch a contract with Amey from HSS. That should not be a fatal blow. The market has over-punished HSS for the loss of that Amey contract. |
Will this have much of an impact on HSS... |
Lots of shares traded today.
Well that's another week of getting nowhere, but lower.
Gla |
Another green line |
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