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Refinancing means they will fall.! Maccaroo, let me guess..! You work for SAS and these are the only stocks you have in your portfolio..! Speedy will come good but any dreams of 80 plus in 2014, NO..! Speedy are trying to enter the market with large plant, they should stick at what they know, small tools, with the light plant. Supply agreements with big nationals with very little in the way of return (Profit) is not good business practice. They will be at the low sixties soon and could even hit the high fifties. Look at other companies that pay dividends, eggs all in one basket son.! ! Oops!!!!!!
Na Chria, We keeping the faith here, you av missed the boat!!! I Hope, or me be eating them words!!!
Lordy, that is some big sales. £4.42m + 2 others just under £1m each. Maybe I did do the right thing and sell up 10 days ago. Will we see the price drop to low 60's ready for me to re-enter?
Phew!!! That is some big sells, do they know something we don't?
should read-----------------have to push
Looks like we will all have push hard this week for 70p+
"We are delighted to have concluded this refinancing ahead of schedule and on improved terms reflecting our bankers' confidence in the business. Alongside our ongoing focus on cash generation, the new facility will provide us with the flexibility to support our strategy for growth." All sounding good...
How is the plant hire game going?
I am new to this, my experience is within Construction Plant Hire, I have worked in this industry for over 20 years. I have worked for Speedy Hire in the late 1990's. I am interested in buying shares in Speedy Hire, how do I go about buying shares, through LSE.
Helped build this company back in the 80s when it was a small operator part of the Allen group in Wigan .Knew all the cheifs and most of the then managers at depots mainly north west opreated. Gone on through organic and predatory growth to be a large operator but its buisness model is exactly the same as your one man band tool hire shop. To that end it depends on a bouyant economy and especially in the markets it serves,those fundamentals are in place and set to get better albeit in less volume than its first meteoric rise before the crash. The shed as been cleaned out after the middle east affair and the management as a better grip on the day to day running of the operation, so on present economic forecasts the stock should only go one way.
Looks like another blue day ahead could see 70+ today?
Hi Chria, can you not really see speedy going a lot higher, this is the only share I hold and I piled everything in at 23p and held through the ups and the downs. I am a paving contractor and can tell you after 5 years of really struggling, it has gone mental this year, we are snowed under with work and booked up until march next year and all the trades I know are saying the same. Speedy said that they were up 19% in Manchester and17% in London, they have scaled down there costs and resized the company to suit the economy. Still think they are a great buy even at this price.
Sorry to say it but as i said the other day you may have dropped a boo---boo. But you have had a good run over the last year nice 40% so sooner or later you was going to get it wrong? still may get it right but think not will see this push on to 70+ now. Good luck with what ever you decide what to do.
hey u.