Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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another month or so yet till half year end then i may invest again. we'll see!!
Well said that man.! I wouldn't start sucking each other's D#cks just yet.! Year end won't make you smile, it's a very long pull up to a squid.! A very long pull..!!!!
Don't get to excited markets have all recovered a little this week. Still expect Speedy shares to sit around 40/50 pence for a long time. Although this ones for the brave punter who could see it crash come early 2016. Goog luck to the brave or maybe your employers shares have just recovered a little.
Good morning speedy investers start of a recovery back to where we belong hope we push the lower 40's today{:-))
Speedy squired about 60 Kendrick depots at the time and a number of those are no longer occupied by Speedy :)
Nice to see speedy fighting back up about 10% in a week, Mickyinholland yes it is true most of the buildings are leased from Kendricks when we brought him out many years ago{:-))
Most speedy buildings are leased. whats the cost of closing centres down and how much will it cost ? Anybody ?
Notice Peel Hunt recommend adding HSS
Be 5-8 years before this even looks like breaking the pound barrier. No leadership, nothing of any worth being transmitted from the top. The margins made from the likes of Balfour's (who admit themselves they will never make a profit in the UK and have for years) Costain, etc etc. While the local business's who Speedy once enjoyed doing business with, made good profit from and gave an excellent service too, now trade with their competitors. Speedy think that these companies will want to come back.!! The hardest job in the world.! As for the clowns still running the shop, their still there.!! They know squat about the business, quite obvious don't you think. Ten years before this SP is worth looking at. Don't try to catch falling knives.!!!! Massive restructure and more heads to role yet, wait and see.!
There's a saying when your at the top," thy only way is down , This is true in this case. The suits the and wide boys are to blame for this episode in Speedys history.Although I think in this case mud will stick in Speedy Hire and will have a job on its hands turning this round.
Nice read{:-))
may be worth taking a look at this; http://www.liverpoolecho.co.uk/news/business/struggling-speedy-hire-looks-revive-10165182
Good morning{:-))
Thanks xx
Connish Glad you have a sense of humour.
Boldboy or should I say old boy? You sound like you love yourself. I'm not even gonna bother responding your drivel in future...Speedy bought the tool division of Hewden who at the time were a plant and tool company...but then again you knew that or you've forgotten as you have got older. Speedy are now suffering from failures in senior management over a period of time. I never invented the hire game but I expect that you probably know the person that did....if you haven't forgotten
Merely a boy, 20 years thats half of what I did and by the way Speedy did'nt buy Hewden they at that time were in a different category of Plant, as you say tool hire was Speedy's game and was the game they made real money at.You talk as if you invented the plant hire industry as it is today but unfortunately you are one of those that probably buggered it up.
Thanks I did see that before but my experience is that pricing is over aggressive. Big deals where a considerable amount is hired in from others at no margin or worse does not help. The lack of control has led to loads of back end problems on our sites resulting in no payment until issues sorted. SDY then easy to get credits from as its then about getting cash in not resolving issues nor ensuring non recurrence. We go through same things over and over.
Problem with this plan is where will the cash come from....I think they will struggle to borrow more given the current outlook.
Meaning small plant and tool hire ref last post
I've just been looking at Plant companies for sale. Lots of them private with good turnover. Just a thought ! Maybe to turn this company round they could invest in private companies in and around the country buying not just stock but good staff who had to work at the job to local companies. Some of these private companies have good figures recorded and good profit. Not like when they bought Hewden buying scrap and paying top dollar. Better have smaller companies with good turnover regular customers and good profits. Maybe doing this in each area is the way forward. Leaving the dead wood and some Speedy depots closed. Start with the roots again I say ? any thoughts .
Boldboy I have been in the hire industry for 20 years + Speedy are a victim of having over aggressive management that know little if anything about the hire industry. They are paying the price for ignoring experienced staff on the front line and concentrating on the big national deals where there is no profit. I also worked for Speedy many years ago and they were a good firm looking after small local customers. The rot set in when they purchased Hewden. IMO they weren't ready for that acquisition. Back in the Allen days tool hire was a different industry.
Sorry for that I am a little out of date and the fact is they are now owned by a private equity group but were put out for purchase by Finning which had recognised they were not a core operation after nearly fifteen years of ownership. That should send alarm bells ringing round the speedy offices as there are not likely to be any shining white knights out there ,as I speak the share price is plummeting......that really put me in my place!!
Just like others before me, I've posted and been attacked by lame fools who think I'm attacking or have an axe to grind with SDY. I haven't and want my investment to give me a good return. This won't happen until this company wakes up and has a major shake up. Top heavy, as I posted on Friday, and surprise, surprise.!! The Gonks who are on here and post BS, need to wake up.! No one is buying.!! No one is investing.! And there won't be a buy out.! Next.!! Wait for the employees on the Plant side of the business, they will be gone.! Those that bring nothing to the table.! The only problem then is finding a new CEO who knows the industry.!! Fencing, 15p a panel.!! THINK FFS.!