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.
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