Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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.
So guys after reading all the posts and there is a lot of passionate stuff on here and strong opinion the million dollar question is do u think the share is worth taking a punt on. Both Hss and Speedy have had massive % drops. What do u think fair value is from here?
Speedy should commit to each local business, not trying to under cut there rivals dealing with large contacts where people at top have milked over years . Giving them the service instead where the bread and butters formed. Better deal with 100/500 customers each depot instead running round for big boys under silly priced contacts with no profit !! Any body can be a busy fool. Leaving local business with no plant to offer or deliver. Locals will go else were leaving depots just running round with small profits for large contracts . TO survive they need there grass roots sowing from the top down. This may take years but they shall remain profitable . Let the over hire companies run round with the big boys working for nothing. Better turnover less and profit with less risk
As I sit somewhere between the top table and the coal face, I can confirm that blue is pretty close to the correct answer. What hasn't been factored in any comments is the flat start to FY16 in the construction sector - the biggest market Speedy play in. This, complimented by a very ambitious budget have also contributed towards todays happenings. On a side note I would just like to say a big welcome back to the message board to flyingdutchman1 (aka mickyinholland). Aside from the English Masters you have been studying for, where have you been for the last 2 years?
There is always going to be a different opinion on what is wrong with this business, sales ? Operations? senior management etc etc etc The biggest thing that drives most businesses forward is committed , driven and a happy workforce, together with an honest , trustworthy leadership team, which starts at CEO and finishes at area managers, whether sales or ops. Speedy does not have these at present due to many reasons, and they are not facing up to them to address them either. Until this happens then the business will always come back to where they are now, especially after a period of success as the important staff (front line people) dont get to see the success in their wage packets but senior staff do, hence low morale....
**** should read 'sl4g'
Sure - if you can highlight to me any statements that blame a massive drop in turnover on 'out of control sales guys that are a joke' then I will be happy to review The reason for the current predicament has been stated with no mention of sales but yet you decide to take the opportunity to **** them off - please provide some examples
I accept you might have a point but don't justify it by saying read the statement. Do you want to review the statements from this lot over the past few years?
Ask anyone who worked for speedy how much profit they got out contact with CARILLION ???????
Saw this coming , left the business last month , can honestly say the last 2years have been very hard, no staff, no kit , low morale . Pretty much back up what bp123 says