AHT, SDY, VP. all in the same sector but with different strategies. All hire (rent) out metal of some description, key to their success is how well they manage the cyclical nature of the industry, (construction of some description making up a large chunk of their revenue.) Most, including SDY, have heavily downsized in fleet in 2008/2009 and are now scaling up again. I see SDY with a sp of 160 - 180 in next two years with a few retraces along the way. Wish they would join AHT in the US where there is still bags of scope.
Gaining momentum post Ashtead's results? 90p next week?
Think we can see a little bit more today 83p ?
Looks like your recommendations to your investment club was spot on! Must be a big club to have had this effect :)
Returned to the Market
Hi Guys Been out of the market for a couple of years, but just bought SDY having recommended them to my investment club. Are these guys similar to Ashtead which does equipment hire in the US? I missed out on them at 106p now over 900p in a few years...
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