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.
You may be right Macc, maybe I have dropped the ball on this one. But I have had a 40% increase on my initial investment since last December, buying and selling just SDY. If I have buggered it up, c'est la vie ;-). If the price is going to live between 60 and 70p (who knows) then I shall in and out in this range as done before.
I Think you are dead right. No way are we giong back down to the 50s imho---see a nice steady rise back up to where we belong 80+ their just for you (EddieRed7), I can see speedy showing a healthy profit this year because maybe they have finaly got it right and seem to be busy.
I think speedy are well on the road to recovery and can't see them going back down to the 50s. We should see good solid steady growth. They have been improving even through the bad times, coming from a 74 million loss, to hopefully a 20 million profit this year.
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