The increase in Government spending, lower debt levels and the FT.COM write up on SDY with a median forecast of 36.67p share price and a highest forecast of 50p per share is having this correction effect and correctly driving up the price. When this happened in 2008 they rise from 34p upto 127p in a very short space in time, think this is repeating but dilution will not allow upto a pound but 50p seems a reasonable expection based on the previous high pre dilution of circa £4. This should continue with quick rise, all IMHO.
The goverment are going to spend a lot of infastucture over the next few years to try and lift the economy. Speedy are well placed for that type of work. Speedy will make strong profits in the future but it wont be as quick as i would like.
Yes, re; Hambros and Std Life, but rather bizarrely, Std Life bought shares around 6 Jan, and the price didn't really move, and Hambros sell last week and the price goes up. Call me suspicious, but if shorters can do this kind of work, I'm not sure why the market is in such a pickle...?
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