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that is what we are seeing.
I don't argue that poor customer service during the implementation of a new computer system, or not having the stock that customers want is good management but surely the fact that Speedy Hire could actually run out of key items shows how much of a demand there is for their products?? Coupled with the fact that there are now (according to the radio this morning) more homes needed than what are being built this seems like nothing but good news to my ears! GLA & DYOR ;)
Phew!! I thought you had left me alone in here! :P
I'am here [;-))
Where are yoo?
morning all [;-))
good day all {:-))
Tosca Mid Cap have toped up with another 8.5 mil
Good morning all speedy investers{:-))
Good morning all speedy investers{:-))
Thing like this may or nay not be true because I have heard different figures but one thing I do know is that speedy will rise again.there are people that care to much to lose.
MR gives himself a 115K pay rise & then at year end pays himself £193K in bonus.! Says it all really.
Mrs Peedy is absolutely correct - Speedy has huge potential, we just need to see it!
The company has MASSIVE potential, at the current price is well worth investment. About time the management & new CEO get hold of this company by the *******s to drive speedy forwards instead of another setback.
Thank you MrSpeedy. I am a new investor in this stock, believe in the company and do appreciate your insights.
As much as I hate too say it! Once again the hard working staff, have been let down by senior management. No leadership lacking direction. As for the stick I got on here for telling people the truth/facts. People prefer to keep the blinkers on. Finger crossed for a quick recovery and the bussisness stabilised asap. 🙏🙏🙏
.... There were spaces and paragraphs in but have been taken out on posting :-)
Came across the below which makes some valid points Speedy said that after "a slower than expected start" to the year, profits for the 2015/16 financial year were likely to be "materially below the Board's expectations" and below those reported for last year. The company gives three reasons for its poor start of the year, but to be honest, I'm not totally convinced this is the whole story. 1. Equipment shortage The firm says that there was a shortage of equipment during the network optimisation programme. This refers to the reorganisation of the company's national and regional distribution centres. However, in its final results, published in May, Speedy Hire boasted about the successful and early completion of this programme, during the last financial year. Why is it still causing problems now? 2. Ignoring customers In today's statement, Speedy Hire says that sales suffered because of a "focus on strategic accounts at the expense of SME customers". The firm's strategic and major accounts accounted for 51% of sales last year. In last year's results, there was a lot of waffle about new sales and support structures for strategic accounts. At the same time Speedy Hire said that its market share of local and regional customers had fallen, due to its strategy of moving away from local markets. The firm said that it was "starting to re-engage with this customer base" but that it "was no small task". 3. IT problems The third reason given for today's profit warning was "poor customer service caused by disruption during the implementation of a new IT and MI system". Yet in last year's results, the firm claimed that it had completed the implementation of the new IT systems. If this is true, why is it still causing disruption? In my view, all of these problems are the result of poor management. I was not surprised to learn that the firm's chief executive Mark Rogerson has decided to leave the business. However, Mr Rogerson is being replaced by the firm's finance director, making me question whether this management overhaul will be significant enough to solve Speedy's problems. Speedy's shares have now fallen by nearly 40% this year. The firm is the second listed equipment hire company to issue a profit warning this week -- shares in HSS Hire Group fell by 25% yesterday, with the firm blaming weak demand from major customers. I suspect that demand from strategic customers is not rising fast enough to make up for falling local sales. I wouldn't be surprised if Speedy issues another profit warning later this year. A full-year loss seems likely, especially as Speedy said today that negotiations with a potential buyer for its unwanted Middle East operations had failed to reach an agreement. This could lead to an impairment charge and possibly cash losses, later this year. There's also a risk that Speedy's net debt, which rose to £105m last year, could become problema
CONGRATULATIONS TO Mrspeedy the FIRST on this board to flag up troubles ahead and yet nobody heeded your warning - you go to the top of the class on this board. Disappointed with some of the stick you had at the time.
Thanks Mickyinholland. Let's hope they can get back on track and stabilise the ship. GLA.
One acting for company would show confidence to London exchanges "although problems within should balance to a level that can be worked on !! This I'm sure will take time ... Although need to go to grass roots .. Good luck all but I would personnel over look this one!
Thanks for your view. I'm surprised no one has mentioned the director buys today. Both substantial this has to be a vote of confidence?
none here crap management and crap share, glad I have none now. keep smiling.
Although market up and down should be around 45/50 results and changes taken into account
Being sat in the middle at a depot I can say the front line is forgotten about. But the strength and positivity within my team after everything is still going strong an a change in management won't affect that.