Speedy Hire Share Discussion Threads

[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/

[yuka] 29/11/2013 15:48

Market puke into the close. Maybe something more in weekend papers.

[hvs] 29/11/2013 12:59

lol !!!!

CEO and FD always work in TANDEM, like the speak with a FORKED tongue.

Be very careful here.

[bracke] 29/11/2013 12:58

rumbers

AHT on steroids !

Not got caught short but maybe looking for a short trade on results day (10 December).

[effortless cool] 29/11/2013 12:47

I am perplexed as to why the Chief Executive resigned. Given the issue is stated as relating to "accounting irregularities", I would have expected the FD to be first in the firing line.

[lennonsalive] 29/11/2013 12:36

Oh dear, oh dear. Small fraud, but big damage for this business.

[rumbers2] 29/11/2013 12:36

thank you bracke. I still read your AHT postings. I would have expected the share price to have been sub £6 by now but it seems to have grown legs again of late. Hope you werent caught short!

[bracke] 29/11/2013 12:15

rumbers

Very pleased to read that you did not get 'caught'.

Commiserations to those who did.

[rumbers2] 29/11/2013 12:04

Telegraph story updated

[sr72] 29/11/2013 11:36

2 six mill trade

at market price, someone has bought them without any discount

[mortimer7] 29/11/2013 10:36

I took profit in Speedy in the spring just below 50p and soon after regretted doing so. Since then I have looked for the opportunity to get back in & have taken the chance today. Sorry for the other holders that these circumstances have occurred, but I feel SDY is fundamentally a solid company in an upward sector & whilst today may/may not see the share price bottom due to the irregularities I have bought on the basis this will be a short term dip.
Heres hoping!