Speedy Hire Share Discussion Threads

[46maxon] 19/12/2013 18:20

Noted Ishbel moving to non executive at Galliford TRY in 2014

[46maxon] 19/12/2013 18:18

brght another 30k @ .51 for pension. too much infrastructure going on , with macro economics looking positive.

[rumbers2] 19/12/2013 12:48

Has anybody here actually had the nerve to profit from this staggering rise we've seen from 49p -59p? Unbelievable this should rise so much AND on such flimsy volumes most days.

[rumbers2] 17/12/2013 16:19

L2 is looking so bullish and the sells are triggering rises but i just dont trust it enough to jump back in

[inntolife] 09/12/2013 16:47

Nice one glad you made a few bob, as you know I no longer trade and take my hat off to those that have the hair and the finger nails left to do so :)

[rumbers2] 09/12/2013 15:29

I did enjoy a nice brief bounce actually. Splashed out on 100k with several purchases last Thursday and Friday (average 52.5p) held out over the weekend (brave!)and sold this morning average 55p. Was intending to hold out until it reached the 200MA at 56.75p but it was abundantly clear it didnt have the strength to get there.

I dont think we'll hear any conclusions to investigation before Xmas. Appointing someone like Andy Wright as CEO in the meantime might evoke a positive reaction. Nothing escapes him. A good chap to take the rudder at this difficult time.
The FT ran article few days ago saying Speedy is not alone among the small caps getting fleeced in the middle east!

[inntolife] 09/12/2013 15:11

Hello Rumbers2 hope you haven't been caught in the dead cat bounce that went on this morning....to much risk here for me, glad I'm out will keep watch until we know the result of the why's and wherefores I will still be watching DYOR etc etc

[woodcutter] 05/12/2013 15:02

As the CEO has gone it seems plausible that he may have been complicit with the international business directors, perhaps he was knowledgeable of the events or had given tacit approval without fully understanding the implications.

Does seem odd the FD hasn't gone, i guess the CEO could have sanctioned something without the FDs knowledge or worse still approved something against the FDs wishes.

Easy to be convinced that the earnings would look better with no cash implications with a few bits of accounting magic.

Anyway it's on my watch list, need to see exactly how big the hole is before making a commitment. The longer it takes to arrive at a conclusion the more the share price will most likely drift.

The biggest problem is the distraction it causes to the operational managements running of the business. These things always take more time than you think to resolve.

Woody

[rumbers2] 04/12/2013 15:02

Even though there was an avalanche of sells last Friday it looks like all the 26 million shares unloaded by Blackrock were snapped up by Toscafund.

[kristini2] 04/12/2013 12:43

not much support here, fancy this will be below 40p very soon

[hatter2] 02/12/2013 05:57

I did think about buying on Friday but just kept thinking "falling knife syndrome"; could there be more bad news to come out?

[qipincha] 02/12/2013 02:22

I am new here,

total share (2008) 50,962,100
total share (2013) 518,298,416

seems a lot difference

[qipincha] 02/12/2013 02:13

it is on BBC news:

[rumbers2] 30/11/2013 10:18

This is Money Market Report:

There is still some hope left for shareholders of beleaguered equipment rental company Speedy Hire. After its shares crashed 14p or almost 22 per cent to 50.5p on news of chief executive Steve Corcoran's resignation after a huge black hole was found in its accounts, dealers heard whispers that activist shareholder Toscafund had hoovered up a 5 per cent stake. Toscafund's boss Martin Hughes is bound to exert pressure on the board to sort things out and bring about a recovery.

[loverat] 30/11/2013 08:52

Could this be a similar situation to LAM. A well regarded stock with a few issues to sort. Hopefully not the same number of profit warnings. That said, it is one stock which has a good following and always bounced back and despite the fall here there does seem to be some underlying strength in the share price Perhaps some similarities to learn from.

[dewtrader] 29/11/2013 22:59

ceo resigns and sells the sheet out of it

now that would be sly

[whizzy1] 29/11/2013 22:43

Or watch them crash & burn.

[andrewbaker] 29/11/2013 17:20

Watch these move back up on Monday (by a few pence, certainly not by more than that) as people realise that the irregularities do not affect more than a very small part of the business overseas, and that the UK business is in great shape and looking the building recovery.

[tenapen] 29/11/2013 16:06

Speedy Hire Plc (LON:SDY)'s stock had its "buy" rating restated by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday, StockRatingsNetwork reports

hxxp://www.wkrb13.com/markets/234161/canaccord-genuity-reiterates-buy-rating-for-speedy-hire-plc-sdy/