Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Here is the summary... But even assuming this bullish stance with an earnings rebound in the current financial year is fulfilled, the valuation does not look attractive. Speedy's calendarised 2014 earnings per share is 2.85p, which puts the shares on a 2014 price-earnings ratio of 21 times. That looks punchy when compared to other listed hire companies such as Lavendon and Ashtead which trade on 15 and 18 times, respectively. Speedy's premium to peers suggests little scope for ratings expansion and no room for any further setbacks. We would argue that the stunning 71 per cent gain in Speedy's shares during 2013 has already priced in recovery hopes and that better opportunities now lie elsewhere. Sell.
Thanks, did they give a reason?
Tipped to SELL in IC yesterday.
SDY is a strange holding: significant changes without any apparent reasons. Very quiet BB here. Anyone got any thoughts?
News artical about the construction industry loosing hundreds of millions of pounds in February. Possibility the reason behing the drop in expected figures? Furthermore, I read an artical on the construction industry rec9very. It was stating that right no its the foundation builing thats recovered. Which could also account for missing the target as we are in the stage after the foundations are up.
Oversold after an artificial bounce on news of investigation outcome. Expect steady rise to 70p up to early May (results).
Im very impressed with how sdy is holding up during the battering that the ftse is getting this week.
SDY has settled all the problems. It does need some restructure,, and I believe the new CEO must be on the ball now. To my understanding the hard times are gone now. This stock will go North, in it to win it. Good luck guys.
I will buy in if they reach 55p, i think it will happen at some stage over the next 2 weeks.
Dont worry it will come good if you hold long term. Even the most solid of shares are fluctuating greatly. Try and not look at the SP every day. Good luck :)
Yes one might think so. Looks oversold to me, but I'm sitting on a large loss. The market doesn't appear to have factored in a buyout and the price suggests there might be more bad news to come? I'm holding until after results but I relied too much on the 12th February announcement and a couple of broker recommendations. I never learn - but SDY appears to me to be a sound business in a growing market.... Richardo
They have bought 28 million in the last week or so.
Tosca have increased there stake by quiet a considerable amount in the last 2 weeks?
Just received some info back from a mutual supplier who attended their Supplier Awards events, hosted over the past few days, most payments to suppliers have been either reduced or stopped for year end but due to start releasing funds with the start of the new fiscal year. This is fairly standard for the sector ? He was upbeat about the new CEO Mark Rogerson and a strong strategy for Safey, service and growth. He had no issues around his business with them and was certainly budgeting for growth with them. So looks like a fair bet to buy. And yes I am fairly new to the site (well done you can read but can't spell) but I wanted to share some intel being received on the front line. Good bad or indifferent, your own calls what you take from it. I am holding my interests and will possibly buy more sooner rather than later. Hope this is of use to those looking to buy.
Well done you have got your wish :¬)
Buying back in now, Maccaroo. Fill your boots.
And i sure hope this is the beginning for speedy!!! I am all in on this one, my eggs are all in there basket??? Oh Feck!!!
"Its all a cycle, BOOM then BUST, its all about timing!!!!" - You are spot-on there noely.
I know, its a great time to buy in constuction related shares. Its not without risk but ive got most of my money in this sector. I work in the other end being mortgage lending and investments etc, mortgage lending is picking up too but still has a long way to go. Just wish I had more money to put in but i cant as saving alot into my pension lol, Good luck.
I'm quite happy to hold for next 10 years to be honest, i watched these go from around £1.00 to £13.00 in years gone by, i know they have had a big R I, but will be strong company in the future. I am in the building trade and things picked up the second part of last year, but this year has gone mad, as busy if not even busier than before the recession. Its all a cycle, BOOM then BUST, its all about timing!!!!
Couldnt agree more, I dont go by broker views, I just go by my instincts and do my own research... Gives a little boost of confidence when you see recommended buys however. This share should go from strength to strength and is a good time to buy in. I bought in 43p so your doing really well. Im going to try and hold till the general election at least. GLA
2009 71.10 loss 2010 22.8 loss 2011 27.00 loss 2012 3.2 profit 2013 12.8 profit 2014 14.5 profit? So what ever way you look at it, they are moving in the rite direction, has always been a well run company and use to be the "darling of the city" what ever that means ha! long term this will come very good, already has for me, i piled in at 23p but still think thius has a long way to go. The times has picked speedy as one of there recovery shares as well!!! mind you not sure these brokers know any more than us. KEEP THE FAITH.
Ive traded in SDY since 2009 and other shares for years. My brother is a stock broker. I now know why I never bothered posting on these boards in the first place. lol. You dont need to be an active chatter to know about markets etc. lol Anyway GL all SDY holders, ive got a lot of faith in this business.
One post and you joined on the 24th march ? shut the door on your way out please.