Speedy Hire Share Discussion Threads

[priteshpatel9] 28/11/2013 21:46

The international division is a fraction of its income though? Surely better out now than later. Recovery just kicking off.

[rodrod1] 28/11/2013 20:58

Makes one wonder why SC thought it necessary for him to go. I would have thought it would have been better to maintain stability whilst the details are sorted by the professionals. Board must have agreed with SC being the fall guy I suppose. Market will give its usual over-reaction in the morning.

[mirabeau] 28/11/2013 20:58

In this situation the only objective is to dump the stock. Dump it and take the hit.

Preservation of your capital is the only rule in investing

[dahhad] 28/11/2013 20:56

F.......'d!

[geoff21] 28/11/2013 20:43

Anyone have any idea on how this will affect the share price tomorrow?

[albanyvillas] 28/11/2013 20:24

NINE NOTE BOB AS BENT




Shame on them for putting the news out at 6pm


From Addleshaw website
Addleshaw Goddard has acted in some of the most high profile fraud litigation of recent times. Our team handles complex multi-jurisdictional cases as a matter of course. We fully understand the gravity and implications of fraud allegations, and we are committed to taking swift and decisive action to minimise its impact on our clients.

[rumbers2] 28/11/2013 20:14

Gosh, i am totally out now thank goodness - but only because all this talk of a market correction spooked me and besides I was more than satisfied with my rise from 24p to 68p. Looks like inadvertantly i may have made the right decision. Corcoran resigning is certainly shocking and speaks volumes in revealing the true magnitude of the problem.

[jamielein] 28/11/2013 19:32

I feel for everyone invested here. There were no warning signs or anything. On paper it looks like a good value growth company (and may still be one).

[slinkychris] 28/11/2013 19:04

It must be bad for him to resign:
"Steve has an unrivalled depth of knowledge of the hire industry and is one of the few chief executives of a listed company to have both decades of experience within the Company he leads and the industry it is in. He has over 25 years’ experience in the hire industry. Having joined the Company in 1987, when the business had 13 outlets, he was progressively promoted through the ranks and prior to becoming Chief Executive in April 2005 was the Chief Operating Officer from April 2001. Steve is a member of the Construction Plant-hire Association (CPA) Council, the Industry Principals’ Council of the Construction Products Association and Chairman of the CBI North West."

[knigel] 28/11/2013 18:58

Not good - and why after the market has closed?

[slinkychris] 28/11/2013 18:56

Steve Corcoran CEO to resign....

[skinny] 21/11/2013 07:22

Liberum Capital Buy 64.00 64.00 - 88.00 Initiates/Starts

[rumbers2] 20/11/2013 08:34

Good luck Innto i too sold lions share between 66p-67p on grounds that Speedy's results often get judged negatively by market. However it held its own after most recent results until last few days when share price now appears to be breaking down. My best shot was selling 75k right at that peak of 72p. I will be back for sure.
I'll take a look at LID when i get time, although i feel 'keeping my powder dry' is the regime i should employ right now .

[inntolife] 19/11/2013 19:00

noelypoley ...I might well but that's the name of the game I've been in these the first lot I got was .23p I've bought and sold them over the last 2/3 years and now I'm looking for other stuff that can return another 106% over three years. so good luck to all of us.

[noelypoley] 19/11/2013 17:34

You may regret that innto.

[inntolife] 19/11/2013 09:33

rumbers2 et al, just to let you know that I have had a nice run from these and have decided to move onto pastures new ...."LID" not a very liquid stock so hard to trade but looks good IMHO for the next 18 months anyway good luck all

DYOR etc etc

:)

[sungodsi] 13/11/2013 10:34

A nice overview.....

[morigam] 12/11/2013 14:42

they've released an interview about their new guys + a rundown on the old interims:

[priteshpatel9] 12/11/2013 08:37

New boys join Speedy management teamhttp://www.theconstructionindex.co.uk/news/view/new-boys-join-speedy-management-team?utm_source=twitterfeed&utm_medium=twitter

[mr_bluesky] 12/11/2013 08:07

68.45p live!

Going in the right direction atleast ;)

Mr Bluesky

[cricklewood] 12/11/2013 07:36

It just goes to show when a journalist posts a sell its time to buy.

[bertie bee2] 12/11/2013 07:34

The headline should be 'Speedy Gone Zholdas'

Aythankew.

[skinny] 12/11/2013 07:07

Speedy's International Division enters into Caspian Joint Venture


Speedy today announces that it has entered into a 50/50 joint venture with J. & J. Denholm Group ("Denholm") to provide asset management and equipment rental services to the extensive oil & gas sector in Kazakhstan, including the "super giant" fields at Tengiz, Karachaganak and Kashagan, three of the largest oilfields in the world.

Denholm, through its specialist oilfield services business has a market-leading position in the provision of maintenance and turnaround services in Kazakhstan which it has established through 20 years of operating in the region. Since 1999 it has operated this business through Denholm Zholdas LLP ("DZ").

DZ is headquartered in Atyrau, with an operating hub at Karabaton, adjacent to the onshore processing facilities at the huge offshore Kashagan field. In addition to Karabaton, it has permanent facilities at the onshore production plants at Tengiz and Karachaganak and at the export port of Aktau, which also acts as a supply base to Kashagan.

The joint venture will trade and operate under the brand "Speedy Zholdas" in Kazakhstan. Both Speedy and Denholm have identified the opportunity to leverage DZ's existing infrastructure by providing a full range of asset management and equipment rental services in support of existing clients of DZ, who include amongst others Chevron and Exxon, whilst at the same time extending such services to other oil & gas clients with whom Speedy already has, or is targeting, long-term relationships.