Speedy Hire Share Discussion Threads

[rumbers2] 27/6/2014 14:05

I'm back in after several months on the sidelines with a purchase last thing yesterday at 51.18p and another this morning. Management staying very quiet until AGM i guess but i'm confident theyve turned the good ship Speedy around and we are now back on course.

[jas0701] 23/6/2014 20:39

Are those big trades buy or sells?
What's going on with this company?
is it a buy at this price?
why is this board so quite?

[noelypoley] 18/6/2014 22:16

I am a long term holder, piled in at 23p and stuck with it, i am in the building trade and we and everyone i speak to is very busy. The last quarter of the results was good for speedy so next results should hopefully see a good 12 month performance. Just hope they get the international division sorted and then we will be set for solid growth. They have improved from all the losses from a few years ago, so moving in the rite direction.

[2wildthing] 18/6/2014 15:19

Great to here some positives, I've been a little worried about all the publicity about the housing bubble, but I guess in the end lots of new houses will need to be built and thus speedy should prosper, I bought mine when they where cheap and intend to hold long term.....

[rumbers2] 18/6/2014 11:20

Similar path to you Andrew. Completely out just before the irregularities scandel, had a couple of 25k quick in/outs since then. Also looking to buy again but a little less confident than you about the new management at this early stage. Perhaps i was expecting a little more dynamism.I too will see how this develops before buying.

There have been no anouncements re.new contract wins for some time now. In this bouyant climate you'd expect those to be flowing thick and fast.

[andrewbaker] 18/6/2014 08:49

The thread's not so busy now, but don't ignore an undervalued share. I've bought and sold many different stocks and shares, but always maintained a position in Speedy over the last several years. My holding is low right now, having taken profits a while back before it tanked on the foreign business bad news, but I'm getting ready to buy again: just waiting for my criteria to be met. (It's probably a good buy now, but I'm waiting for a tick-up in price to confirm.)

The business is in a growth area, the management is good, and all-round it's a solid share, IMHO.

[hippo] 13/5/2014 16:47

Well bought a few this morning. UK showing good signs, not bad divi in the circumstances and told the ceo has been visiting local branches explaining how undervalued the business is on a likely turnaround.

[bigman] 10/5/2014 17:02

I think this has further to fall and only held up by closing of short positions to release profits on their short positions....that is what hedge funds do

[46maxon] 02/4/2014 19:36

Mortimer, do you have a conclusion to you info.
Did you see my comment on Toscca 4678, that's a doubling of their holding in 3 months.

[mortimer7] 02/4/2014 10:13

Todays Short tracker disclosures just issued : Henderson Alternative Investment Advisor Ltd further reduction of their short position, now down to 0.55%.

[mortimer7] 24/3/2014 08:56

Latest Short tracker disclosures just issued : 19Mar, Henderson Alternative Investment Advisor Ltd reduced their short position to 0.73% from 0.86%

[rumbers2] 21/3/2014 11:49

..ooooops!....strong words from CF:
Speedy Hire's (LON:SDY) latest plunge is not the end of its share price woes, according to City firm Cantor Fitzgerald.

The equipment hire services group's shares were hastily offloaded on Tuesday after it warned that losses in the Middle Eastern business will be greater than anticipated, hitting its profits. That triggered a 20% fall from the stock price.
But Cantor heaped more misery on the group today as it cut its 12-month target price by 7p to 51p, causing Speedy Hire's share price to fall another 4% to 61p.

The profit warning came as a surprise to the broker so soon after it suggested that annual profits would be in line with market expectations.

On its revised numbers, the shares are trading on a high price-to-earnings ratio of 19.9 times, "which we believe is too generous given the current difficulties faced by the group".

"We struggle to understand why the issues flagged on the UK division on Wednesday were not disclosed earlier," said a rather irritated-sounding Caroline de La Soujeole, who repeated her 'sell' rating.

She pointed out that its rivals, such as Ashtead (LON:AHT), are performing well in the UK unlike Speedy Hire

[46maxon] 21/3/2014 10:35

Fill your boots, Tosca mid cap fund 26th December 2013. 26 and one half million, now 50 and one half million.

[46maxon] 20/3/2014 17:21

i wish i was an analyst!
A number of research firms have recently commented on SDY. Analysts at RBC Capital raised their price target on shares of Speedy Hire Plc from GBX 51 ($0.85) to GBX 62 ($1.03) in a research note on Wednesday. They now have a "neutral" rating on the stock. Separately, analysts at Liberum Capital downgraded shares of Speedy Hire Plc to a "hold" rating in a research note on Tuesday. Finally, analysts at Investec reiterated a "buy" rating on shares of Speedy Hire Plc in a research note on Tuesday. They now have a GBX 100 ($1.66) price target on the stock.

[rumbers2] 19/3/2014 13:39

somebody needs prosecuting more to the point. The RNS they released a few weeks ago was a downright lie.

[sailastra] 19/3/2014 13:30

A month ago they were confident of making 17.5 million now it's 14.5 somebody needs a new calculator...

[nick nak paddywhack] 18/3/2014 21:30

I use this company a lot and believe this will represent a good buying opportunity over the medium term.

[rumbers2] 18/3/2014 08:38

I was strongly tempted too Bertie if its any consolation, with all that chatter about it quickly rising to £1. But i resisted. As you say it might be a takeover target considering how cheap this stock is in a a sector which is abuzz with activity.

[bertie bee2] 18/3/2014 08:24

I sold out a day before the earlier irregularities. Tempted back in when I saw it rising through 80p. Imagine how pleased I am today. Only saving grace is that it must be vulnerable to a bid.

[stevi111] 18/3/2014 08:01

Current auction price = 60.5p

[shanklin] 18/3/2014 07:48

More haste, less speedy.

[stevi111] 18/3/2014 07:46

60p for starters.

[essential] 18/3/2014 07:41

Oh dear - Mr Market is not going to take this news lightly - particularly following the recent issues with overstated profits.

[hippo] 18/3/2014 07:06

Profit warning !