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Don't know the source of your information but I can tell you, having spent most of my working life in or around this industry, that no one,but no one, pays their bills on time. Prompt would be around 45 days typical nearer 90 days and occasional 120 days. There will of course also be some suppliers that financially incentivise 30 day ( or less) payments. A much bigger problem for service companies in industries associated with construction are debtor days. Speedy are very good at managing there cashflow and I don't see any need to worry on this score. Poppycock I would say.
Danny, as a current employee, I do agree with you. What we are told is to be somewhat frugal with purchases at this time of year, but am sure most companies do this towards the end of the financial year.
what I load of made up bump about slow paments by speedy never was neverwill be you canot be a share holder with untrue statements like this go away and watch the price rise without your silley coments
This news doesn't seem to have filtered through to analysts who are mostly recommending a buy with considerably higher SP ratings. Where are the rumours from?
Hearing rumours that Speedy have been unable to even give dates for payments to suppliers? Trying to hold their cash, but at what cost? Suppliers bailing? Part Ex's falling through?
Somebody has seen fit to stick a Kangol through this one heart. I would see it as a suitable recovery but in this market I value my fingers..
standard life reduced there holdings by 2%
Good luck :)
Sorry about that. :-) Still have confidence in SDY to show steady growth over next two years. Targeting 120p
Still in EVR. Matter of waiting for Crimea / Ukraine issue to die down. + Expecting some upswing when report confirms results of cost reduction. EVR should be nearer 100p
Yes please, back on board now and stop wishing my money away :)
Did you do all wright with EVR?
Yes good luck if you get your wish. but i thought something was going on with all the sells and big buys this week?
The penny has just dropped why this has gone down. With the big buys this week holdings RSN ? IMO this will start to go back up.
Almost there. Might be time to start dipping toes back in the water now.
Press release 12/02/2014 “Whilst performance in International is running behind expectation, the UK performance to date gives the Board confidence that the Group will meet its expectations for the full financial year.” Now a profit warning!!!
Huh! ... quicker recovery than SDY
EVR making a quicker than SDY recovery at the moment. Moved money there for now.
IMO i would get back in?
Some big buys just shown up----MM have been at it someone was not willing to pay top dollar for this share see if this goes back up?
Good luck if you do---but I don't think it will go that low IMO.
You may be right but I had a gut feeling the share was over priced last week and sold my entire holding. It now sits at about the average price of the last year and I think with results like it is indicating will fall further. I will buy back in under 60p.
I think its been a big cock up this morning ? over kill bye the MM.
Looks like a transaction cock up.
Might do better to wait a while anyway. I think this will go sub 60p yet. (Someone just sold 1,000,000)