Hss Hire Share Discussion Threads

[yorked] 29/3/2021 08:49

20p will be the next target with the big seller gone and the 25m shares found a safer and better keeper.

[volvo] 29/3/2021 08:47

Trading update due this week should hopefully read well, took first position here last week at average 16.2p.

[bc4] 28/3/2021 21:25

I have looked through my FTSE best stocks to buy now list and think HSS Hire (LSE:HSS) could be a penny stock opportunity for my Stocks & Shares ISA as the 5 April deadline looms.

Penny stocks are companies whose shares cost less than £1 per share. This cheapness can result in volatility and higher risk that’s not to every investor’s taste.In my opinion, I believe there are some excellent businesses out there and HSS Hire is potentially one of them.

FTSE penny stock opportunity
HSS Hire is a leading provider of tools and equipment to the construction industry and its business is split into two main divisions.

It’s largest division is tool and equipment rental. This makes up nearly 70% of total revenue. The HSS model involves buying, maintaining, and leasing equipment to its customers. At the end of 2019, it was reported that the UK equipment rental market was worth over £4.5bn.

HSS’s smaller division is customer services. This arm of the company is split into two roles. One is to find and recommend tools depending on the type of job a customer is completing. Secondly, it offers training courses around how to use specific equipment.

I really like HSS’s business model and believe it has a unique offering and ability to expand further too. This is why it is on my best stocks to buy now list. It is also a very cheap FTSE stock. Between February and December last year, its price fell a staggering 65% to just 10.50p per share. It has begun to recover and, as I write, shares can be purchased for close to 17p per share.

Construction slowed down due to Covid-19. This impacted HSS’s business. Revenue and underlying profit fell 22% and 38% respectively for the first half of 2020. I understand the impact of Covid-19 and the role it played in HSS’s results. I believe the vaccine rollout and the fact construction firms will experience a boom to make up for lost time will benefit HSS. City analysts also seem to think the same. They have forecast performance to bounce back in the second half of the year. Of course, forecasts can change based on future developments.

[red ninja] 26/3/2021 17:27

Sells or buys which have taken a long time to fill ?

[manics] 26/3/2021 17:07

15.75
25,000,000

15.73
25,000,000

[red ninja] 23/3/2021 09:08

Quite a range on buying prices here some are paying 16.05p, but others are paying 16.40p.

[red ninja] 17/3/2021 09:28

Spikes are normal after a strong tip and the Motley Fool still has a lot of followers.

If it is a tip induced spike in a few days it will be back at the 13-14p range probably.

Then again these things are not totally predictable.

Time will tell.

[my retirement fund] 16/3/2021 14:10

Smithless you should have registered your moniker as Clueless

[red ninja] 16/3/2021 13:38

You should be.

[cartmans_mom] 16/3/2021 13:21

Sorry about that

[red ninja] 16/3/2021 12:40

Mmm, I see there was a 600k (£102k) buy at 12:16.

Someone has faith ...

[smithless] 16/3/2021 12:13

A holder, but this spike in the share price a bit overdone IMHO. Forecasts were down graded recently.

[bc4] 16/3/2021 12:03

Hi smelly how is the 50p doing at STAF?

[qsmeily456] 16/3/2021 11:34

It's the results and forward look...

[bc4] 16/3/2021 09:36

I said helped not the reason after the most recent update the next one should be good

[manics] 16/3/2021 09:34

It's no way The Motley Fool. They don't hold any real clout. It's something else imo.

[bc4] 16/3/2021 09:32

Well the tip on Sunday may have helped!

[sphere25] 16/3/2021 09:13

Scalp complete here with the bid at 16.7p.

Who would have thought that even HSS trades can provide a return!

No idea where this could spike to but these higher risk ones are always scalp/momentum/chart type plays.

All imo
DYOR

[yorked] 16/3/2021 09:02

Not sure about 20p or even 25p by Friday, just nice to see HSS finally woke up and is on the way up.

[cartmans_mom] 16/3/2021 08:44

Has there been any news? What are peoples thoughts on this long term?

[my retirement fund] 16/3/2021 08:41

We gonna break 20p by Friday ?

[sphere25] 15/3/2021 16:07

Blooming hek, even HSS is catching some buying in this market.

Close to a short term market top? :-)

Yuk, nibbled a few trying to play the breakout momentum for a scalp. Stop just under 14p if the momentum fails.

Hopefully not late to the higher risk HSS mini mini mini mini mini party, if indeed HSS can even have a mini party?


All imo
DYOR