Speedy Hire Share Discussion Threads

[arjun] 17/7/2015 09:40

ApologiesOff topicD4 / wooly I trust you are wellThey've taken Ult off of ADVFN is there any other forum that is still active where we can postKind regardsArjun

[andrewbaker] 14/7/2015 12:33

Given the future growth in building in the UK, if Speedy can divest itself of the overseas part that's not doing well, get in some new capable management - easier said than done - and just keep on running the UK show, but more efficiently and user friendly, then before too long, it'll be time to buy more: subject to no nasty surprises in the next few months, so I'm holding back for now.

[gilly9] 03/7/2015 06:46

Sorry for o/t (i dont hold here but do pop in from time to time) i was very interested to see post no 4750 as Aberdare, and post no 4751 as llwyd, being the shortend name of Llwydcoed which in fact is a village in Aberdare!!!!!! fwiw i know the two watering holes in the village very well!!!!

[american idiot] 02/7/2015 15:43

More profit warnings to come first.

They nearly always come in three's.

Its gonna take a little patience and time here for the business to be set back on the right course.

Good investment though at the right price.

[mreasygoing] 01/7/2015 16:10

Director buys. 80 k and 150 k

[andrewbaker] 01/7/2015 15:43

SDY is a sound business, so the price will work back up in time, but I should maybe have sold prior as a result of seeing the share price meandering and going nowhere. Hindsight, I know; but a lesson learned.

[412069] 01/7/2015 15:38

Liam
Not if shorters get hold of this, they can desimate the sp

[liam1om] 01/7/2015 13:53

AndrewBaker - If you were to go by purely by historic reactions to big drops, they have tended to bounce back.

[andrewbaker] 01/7/2015 13:01

Just looked at trading yesterday and first thing today: some unusually large big sales around 3:45pm yesterday, and first thing today. Can't believe they were purely coincidental!

On further reflection: buying more when the dust has settled may be an option.. Certainly for those thinking of buying but who had not yet committed, once they've reviewed their position in the light of current knowledge, buying now could be a good thing, which logically means buying more now would be equally good. But we're all human: taking a risk of being bitten twice - three times, if you were hit by the fall in March last year - is not everyone's cup of tea.

[andrewbaker] 01/7/2015 12:46

Gutted! I've been a holder for several years, and sold half when price doubled, so was in for free; and I should have done it again, as the price had doubled again from my average buying price, but I didn't. So, I'm still 52.5% up, but took my eye off the ball, and paid the price.

The only obvious sign, unless one anally examines every holding every day, was a flat share price chart over the past six months. In hindsight, that should have made a sell consideration purely on the basis that a top had been reached that was providing much stronger resistance than the bottom support. Hindsight a wonderful thing, lol. :(

The likelihood is that the drop has been overdone, so a small price recovery should happen as bargain hunters sniff and some buy; and maybe there may be a bid at a decent premium, though that is purely speculative. They are in the right business area for economic recovery, so trading should be alright going forward, especially if they are properly tackling supply, administrative, and logistical issues; so I'm not going to rush to sell, but I will be quicker in future to take profits on smaller companies, and also to get out when a share price meanders for no known good reason.

We live and learn.

[412069] 01/7/2015 10:15

HSS had the same fall yesterday it's a sector issue 6months from January construction was way way down.

[llwyd] 01/7/2015 09:15

Celeritas agree, not a hint in that Chairman's statement, in fact the absolute opposite.
Feel like a Mug Punter this morning.

[aberdare] 01/7/2015 08:47

look back to 27/01/2014 when they announced this Mark Rogerson was going to the new CEO THE CALIBRE OF THE GUY They must live in dreamland. He has presided over a company that should be flying and mess it up like this Some Calibre

[celeritas] 01/7/2015 08:24

Not a holder here but I do check these. Ouch.

Non of this was flagged up at the last lot of results in May

Commenting on the results, Jan Åstrand, Chairman, said:

"I am delighted to report on a year of significant progress at Speedy. It is particularly pleasing that, despite all the challenges the Company has had to face, we have today reported a strong set of results.

"Shortly after he was appointed CEO, Mark Rogerson set out a clear plan to return the Group to health and build sustainable profit growth. Mark and his new leadership team have made significant progress, and whilst there is much to do, there is further opportunity to improve the business.

"In the Middle East, having completed the exit from general and spot hire ahead of schedule, discussions are underway regarding the disposal of the oil and gas services operations, our last remaining asset in the region.

"We can now turn our focus to developing the business in the UK where there are major opportunities ahead through further professionalising our sales and marketing activity supported by improvements in cost management and asset utilisation.

"We are, once again, in a position to deliver sustainable profit growth and our confidence for the future is underpinned by an increase in the recommended final dividend."

[spob] 01/7/2015 08:06

Oh dear, I thought this market was booming


A growth stock with no growth

Who would have thought

[junglee] 01/7/2015 07:42

Opportune time for Ashtead to pounce.

[american idiot] 01/7/2015 07:20

60p today - Potentially 50p even.

[american idiot] 01/7/2015 07:20

Aweful trade update....

Whilst core hire trading across strategic accounts remains strong, without an improvement in revenue trend, and ahead of any delivery of the remedial programmes, the result for FY2016 will be materially below the Board's expectations for FY2016 and the reported result for FY2015.

Further to our recent announcements regarding the sale of the remaining Oil & Gas business in the Middle East, discussions with the third party concerned have not reached a satisfactory conclusion and have been discontinued. The Board continues to explore and evaluate options for this business which, as previously advised, is operating at a break even position.

No wonder the CEO has gone.

[bertie bee2] 01/7/2015 07:20

Helpful RNS. A failure of management and strategy. Only hope is that they are taken over at a premium.

[boyblue] 15/5/2015 15:55

Thanks for the link.

I only had the paper copy of the Times Report.

Now a well managed company

Nice rise today

[46maxon] 14/5/2015 14:18

boyblue,
go to mail-on-line, business section!

[boldtrader] 11/5/2015 18:13

boyblue can you post the link,thanks.

[boyblue] 10/5/2015 21:02

Tipped in the Sunday Times