I'm a Speedy Shareholder, but I also work in construction, and recently needed to set up a site compound. In short I needed 12 sheets of Heras Fencing, a Materials Lifter and a chemical toilet. I rang up Speedy whom said I needed to book a toilet from their accommodation division (different depot), the materials lifter from their lifting depot and my local branch could supply the fencing, but yes I'd need to pay delivery and collection charges 3 separate times with each of the 3 depots. I rang Brandon Hire who put it all on the same wagon and it cost me £10.00 e/w delivery/collection. In my case the company is run extremely dysfunctional as their competitors; in this instance were half the price for a 12 week hire period. Their local branch Manager still couldn't see my point when I told him his price was ridiculously high.
Your constant derogatory remarks and disrespect of board members is reflecting your lack of intelligence and probably explains why you have an axe to grind against this company as you obviously had some dealings with them somewhere in the distant past and they recognised you for what you are. I agree with Nine to five go and play somewhere else, lets say the M6 fast lane on your pushbike.
Your negativity's getting a bit tedious. It seems to me that the cull in middle management is slowly paying dividends in this company and that we are now likely to see a slow return in SP. For most of us on this board that's good news. Would it be too much to ask that you grind your axe elsewhere?
Shares up despite losses Also among today’s major gainers are shares in Speedy Hire (LSE: SDY). They’ve risen by over 7% despite the company releasing a rather disappointing set of results for the year to 31 March. They show that the tool and equipment hire company has gone from a pre-tax profit of £2m in the previous year to a loss of over £57m as a result of almost £60m in exceptional administrative costs. These were made up of impairments and restructuring charges, while Speedy Hire also finalised the rollout of its new network structure. With these one-off costs excluded, Speedy Hire remained in the black.
Looking ahead, Speedy Hire is expected to increase its adjusted profit by 88% in the current year and by 71% next year as its new strategy starts to take hold. Although there’s a significant risk that its turnaround plans disappoint, Speedy Hire seems to have a sufficiently wide margin of safety to merit investment at the present time. Evidence of that can be seen in its PEG ratio, which stands at just 0.2 and indicates that the company’s shares could continue today’s rise.
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