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HSS have shown in updates how they are taking market share away from competitors. Growth may need to slow to align to the market but their growth strategy should pay dividends longer term. Their top line has been growing and cost alignment plans that they have communicated should drive bottom line next year.
Aplant have increased there market sales 20% this year and are going strong. Speedy hire, HSS have not. Been focused on market " in my view leadership along with poor services and lack of equipment. Bad management and long term issues see this not improving in short term. The fact Aplant show they can gain these customers from others and increase turnover/ profit " proves to me that other companies are not geared at the top.Once companies lose there customers it takes years if at all to win them back. This was caused by lots issues with Speedy " No equipment " No Service " Deal with contracts with blue chip companies with little profits.(if at all) bad computerised systerms. If they even get market share back this will take la long time to rebuild. I was in ASH shares when at 2p and did very well. They contuine to grow and have gross sales at 20% higher. I know the US arm has strength and see APlant growing to be the company that on Speadys down fall.
I think a major problem for Speedy is HSS who seem to be increasing market share and reacting well to weak market conditions to minimise impact. I.am buying into HSS next week after reviewing each of the major players in this sector.
Since speedy's self inflicted destruction not one of the national's have a dominant position. However VP have been allowed to go from strength to strength. Perversely Hewden have the brand and ambition but though currently without a proven leader and structure. Time will tell but I believe this is one to watch.
So in your expert opinion who are the most unsophisticated out of Speedys competition?
Your 5-8 years prediction is a finger in the air, so let's add some science. The hire industry is a very simple one, with basic fundamentals. Right kit, right compitance, right availability and last but factually least.....right price. These characteristics if prioritised accordingly are the basics. Return on capital not utilisation and relationships not process underpinn. So why has speedy got it so wrong? Perhaps what I have just described doesn't follow the standard MBA text book answers. Sadly SC who got these basics so right for so long, pushed the boundaries beyond those needed and his limitations were exposed. M R was a muppet and did dent have a clue, the current CEO will make less mistakes but is unlikely to make the quick decisions that Buck the text book that are required. Get the leadership right, invigorate the talent, win the confidence of disappointed stakeholders then attack the very unsophisticated competition and speedy' share price could be at £3.00 + in 2 years. Pipe dream or fact????? I will say no more other than suggest I'm speaking from experience not theory.........fact or fiction?????
look at it this way if save 6 million and lose 10% = 35 million that will not even come to profit !! They come from profit warning !! Think people need to do there maths !!
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.