Speedy Hire Share Discussion Threads

[rumbers2] 09/7/2013 09:06

thanks stevi, you still in?

[stevi111] 09/7/2013 09:03

Well done Rumbers. Much deserved as well...Brilliant.

[stevi111] 09/7/2013 08:58

Would have thought about 10p rise Rumbers (62p top - 52p short-term bottom = 10p?)

72p area ?

[rumbers2] 09/7/2013 08:56

if this is a breakout then where is the next target...12p increase? 75p target perhaps
Hi stevi well done. yes totally loaded up here, bit delirious with it.

[stevi111] 09/7/2013 08:54

Wowsers....What a lovely rise here.

Hope you guys are coining it in here - Especially Rumbers.

(Even made a little myself on the long side too!)

[bertie bee2] 09/7/2013 08:47

Not long indeed Fingers.. Well spotted.

[rumbers2] 08/7/2013 10:31

sp churning over at that critical 62.5p level this morning, still yet undecided whether it remains the resistance, or becomes the new support. Looks like the buyers are now slowly trickling back after their initial attack first thing this morning.

[greatwhitefunkmaster] 08/7/2013 08:16

Nose-bleed territory. Can we break through?

[inntolife] 05/7/2013 09:38

Looks like we are just about to bump our heads again on the resistance level.

I feel that we might go through it and stay above it, if we do then there is every chance that we will rise far to quickly up to the IMS on the 18th. If so there is then good chance that the IMS wont be as good as the high expectations that the general public think it should be. This might lead to a dip just after the IMS.
Anyway DYOR etc etc.
I'm still happy to hold but will be looking closely at the IMS for guidance.
GLA

[plastow] 04/7/2013 20:42

nice recovery in the S.P

[cockneyrebel] 04/7/2013 17:48

New recent closing high

CR

[rumbers2] 04/7/2013 12:38

SHI very similar chart pattern with Speedy scottish

[scottishfield] 04/7/2013 09:18

agree rumbers sdy should do v well imo o/t have a look at SHI also (builder related)

[rumbers2] 04/7/2013 09:17

loaded up on these over last few mornings at 58.97p -59.17p, which now looks like a good move. Appears to be a bullish consolidation pattern developing on the charts spoiling for another attack on that 62.5p resistance.
With the construction and service sectors now buzzing all we need is another contract win followed by broker initiations/upgrades to boot these higher.

[b1lbo] 02/7/2013 10:07

More importantly this morning's UK Construction PMI for June grows for 2nd consecutive month to a 13 month high. Says it all.

[cockneyrebel] 02/7/2013 07:59

0653 GMT [Dow Jones] RBC Capital Markets initiates Speedy Hire (SDY.LN) at outperform with a 70p target. "While the stock has recovered strongly, we believe the market has not fully taken on board the changing UK model and the potential for international expansion," it says. Adds Speedy is adapting well to a changing tool and equipment hire market, evidenced by cost rationalisation and an increasing number of managed service contracts. Adds even without forecasting any real pickup in UK construction, RBC believes the group can grow earnings at an average of 28%pa over the next three years. Shares closed Monday at 60p. ([e-mail]; Twitter: @NinaBains1)

[pilly11] 27/6/2013 21:33

rumbers2, i guess the dilemma depends on a whether you have a short or long term view. Seems to be a lot of strength in this atm. Very difficult to make the right call!

[doodlebug4] 27/6/2013 14:47

It would seem that someone had no doubts earlier - 2 very large buys early this afternoon.

[rumbers2] 27/6/2013 12:23

A raft of new infrastructure projects have just been rolled out. Both sides of the bear/bull argument re.Speedy have been outlined succinctly by both Inntolife and stevi above. Does one add, or sell off into any strength as stevi proposes. This is a really difficult call to make in light of all the market turbulence we will likely get over the summer. A real dilemma.

[stevi111] 26/6/2013 11:42

Well it was 52p only days ago so anything is possible in these crazy markets. Have to admit I took a small 20k long at 55.38p yesterday which I sold earlier at 57.25p for a nice little profit.

Thought this might rise into the chancellors infrastructure announcement but still stand by my views that this will correct over the summer (as long as the indices continue correcting that is)

[inntolife] 26/6/2013 09:10

Steve111, I feel that you will be very lucky to get back into these around 48p as my take on it is that there would have to be bad news out before the IMS which should be due around the 18th July. Without the bad news there will (IMHO) be the usual run up in price before the IMS. With luck and good news from the IMS I can see this breaking out and maintaining a position above the 62.5p area which was the last resistance level.
Anyway just what I'm thinking today.

DYOR etc etc

[aberdare] 26/6/2013 08:35

rumbers2 thanks for that i understsand