I bought into speedy 2 years ago, not because of the hire business but the services they are providing. In my local area there is a massive offshore wind farm complex going up, this only one of many going up off the coast of Britain billions of pounds worth of work. Speedy have got into the onsite servicing, working with some of the biggest offshore companies around. If Speedy get this right they have got to be onto a winner.
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.
Datafeed and UK data supplied by NETbuilder and Interactive Data.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk!
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.