Aviva's intentions for a 3.2 percent stake it announced earlier this week are prompting speculation that they may have take-over interests. It might just be an investment within Aviva's investment stable, or it might be something else. It certainly would fit with Aviva 's core strategy to add weightto their porfolio in the sector although it would take a hostile bid to do so.

In any case, Bridgewell today initiated coverage of HHG with a "core holding" rating, anticipating it will outperform its sector. This is on that has little downside risk but might be worth getting on to now. Speculation ticked the stock 6% today on low trading. If some momentum builds as this news spreads in the trading community expect significant gains.

Now at 49 pence - up another 4% today after 6% up yesterday...