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Speedy Hire Share Discussion Threads
Showing 5176 to 5197 of 5200 messages
|Statement that I read stated that Speedy had bought Lloyds British from administrators for an "undisclosed sum"|
|How much money did they pay for Lloyds British? I can't find that info anywhere.|
|There's a fairly chunky 100k order sitting at 54 on the ask. So I'm looking for that to break before I add|
|if we can get the bid above 53 and hold for a few days this can go very quickly to .60 and beyond.to buy a name like Lloyds british for that kind of money is a
brilliant achievement well done|
|I take it from that you are doing your brains in with this. It will come good, looking vulnerable for a takeover.|
|go away buddy sour grapes comes to mind with you|
|This outfit is defying gravity, it has difficulty running the business it has bought over the past few years.|
|Good rns this morning, nice litte addition imo, all helps.|
|we are all in now should be an interesting few months from here maybe some news soon d4|
|don't forget to get in by 15th dec to be eligible for the dividend paid in January
nothing to be snipped at in days of low interest rates especially when the stock is on the up as well a no brainer imho|
|is that all.i remember ashtead when they went down to 2.5 p after some irregularities look at em no.set your sights on 2quid this time next year.|
|So we've closed above 50p, first time in 18 months. Debt is declining, revenue and profits are up, future looks good for speedy! I could see this accelerating to 60p now|
|spent around 45 grand on these today 92600and odd feel sure I will double my money at least by finals following in the footsteps of Ashtead we hope d4|
|Looks like 50p is on the horizon then onwards to 60!|
|Too busy hitting the buy button!|
|Very quite in here considered the movment up|
|I think this sector is going to get very exciting in the new year with lots of consolidation/takeover activity. This morning Lavendon received a hostile takeover bid of £2.05 a share (currently 1.39p)and Speedy will become an attractive target too with its diminishing debt.
Interesting to see also that Toscafund increased its holding yet again in HHS Hire by nearly 3 million shares last Wednesday/Thursday to take its total holding to over 21%.
They announce 9M results Thursday and saddled with colossal debt I will be interested to see whether this nationwide programme of store openings is paying off. Personally i have my doubts.|
|A positive and insightful article in City AM this morning which I think reveals Russell Down's animosity towards ToscaFund:
Speedy Hire’s share price shot up 15 per cent this morning after the lender of tools and construction equipment reported increasing revenues and profits – an improvement the company said came “in spite” of a high-profile attack from an activist investor.
Shares were up more than 15 per cent to 42.5p, their highest level since January, this morning, and analysts also appeared to be impressed. Liberum said the profit-before-tax figure was 31 per cent ahead of expectations, while N+1 Singer upgraded its forecast for the firm.
The latter part of the six-month period saw Speedy Hire come under public attack from activist investor Toscafund, which forced shareholder votes on the suitability of Speedy’s chairman and the appointment of a new board member. Investors voted to let Jan Astrand, who is now non-executive chairman, remain, but agreed that David Shearer should be appointed to the board.
Russell Down, who started as chief executive of Speedy in July last year, told City A.M. the company’s improvements this year came “in spite” of Toscafund.
“I think all the changes that you see today were put in place a year ago,” he said. “We said at the start of the process with Tosca that the recovery was well underway, and that [the Toscafund intervention] really only happened in August.
“And almost these results are in spite of what happened with Tosca, rather than because of what happened with Tosca. Because it was a distraction for the business during that particular point in time.”
He added: “I wouldn’t say it was hugely disruptive, but clearly we’ve got 3,000 employees in the UK who are reading about what’s happening in the press. And it did take a lot of my time to manage that.”
Down said the company has not experienced any ill effects from the UK’s Brexit vote and feels that with infrastructure projects like HS2 and Crossrail 2 coming up, there will be more opportunities for growth.|
|Nice update. Made a VERY nice profit here today.
Alongside IQE, SDY are another great UK PLC worthy of a medium term investment - As long as we do not merge with HSS !|
|indeed....debt coming down, ahead of expectations, rationalising fleet, all looks pretty good IMO....may make it easier for someone to bid? DYOR and IMO etc....|
|Well that makes a change.|
|A 'Golden Cross' on the charts.|