The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Have been in this share for nearly four years now and almost back where I started. With other competitive developments coming through it is becoming more and more difficult to see an upside to this share and make a case for continuing to hold the investment. Can put my money in much more secure investments for this sort of return. Another 1.5% down will see me out for sure.
Understand the sentiment Drums, but I guess there are two types of investments and investors. Long term and short term. Long termers want a nice steady upward trend while short termers don't care which way it moves as long as they are on the right side. I guess it's what makes this stock investment world go round. Personally speaking I still have faith that AGL will pay off and will be adding to my stake about now... However, patience may become a little stretched if we aren't in a better place next year this time. Meanwhile, if you are looking for something to cheer you up in the new year, take a look at MRO. DYOR as usual.
Some odd sells and buys here in the last few days. Could the market makers be at play? Trying to bring out the impatient & perhaps nervous small investor to have a decent holding for a hike. I know not, but I think it's coming into serious top up prices.
I agree. A Plant could have taken Speedy a long time ago if it offered any strategic benefit. I would like to see someone like Melrose Industries get hold of it. They know how to turn a business around and would put the right management in place. Then mix it up with A Plant in the states. Still plenty of scope over there.
That was precisely my point. The smaller more agile market driven business can outperform the bigger company in terms of EPS. Although I should also say it was not my intention to dis A Plant or Lavendon. They are simply very different businesses from Speedy in terms of size, market, fleet mix etc. On a slight deviation, it will be interesting to see how well A Plant have hedged against pound / dollar given that most of their earnings are now in dollars and the recent resurgence of the pound.
is off target. Comparing PE ratios with Lavendon and A Plant is like comparing ALDI with Tesco and Sainsburys. A more realistic comparison would be VP. Secondly, I think, notwithstanding recent hiccup, Speedy have strong potential to increase revenue alongside industrial growth without significantly increasing cost base. Gearing, NAV etc. and how well the business has positioned itself strategically for the forthcoming all have a bearing on where the share can go ( and has been before). I still see this as a 120p share within 2 years and growth potential beyond that ( with opportunities along the way to make a bit extra when there is unrealistic movement such as the recent 80p. DYOR
Oversold after an artificial bounce on news of investigation outcome. Expect steady rise to 70p up to early May (results).
Try reading the RNS
Buying back in now, Maccaroo. Fill your boots.
"Its all a cycle, BOOM then BUST, its all about timing!!!!" - You are spot-on there noely.
Don't know the source of your information but I can tell you, having spent most of my working life in or around this industry, that no one,but no one, pays their bills on time. Prompt would be around 45 days typical nearer 90 days and occasional 120 days. There will of course also be some suppliers that financially incentivise 30 day ( or less) payments. A much bigger problem for service companies in industries associated with construction are debtor days. Speedy are very good at managing there cashflow and I don't see any need to worry on this score. Poppycock I would say.
Sorry about that. :-) Still have confidence in SDY to show steady growth over next two years. Targeting 120p
Still in EVR. Matter of waiting for Crimea / Ukraine issue to die down. + Expecting some upswing when report confirms results of cost reduction. EVR should be nearer 100p
Almost there. Might be time to start dipping toes back in the water now.
Some of us did :-)
Huh! ... quicker recovery than SDY
EVR making a quicker than SDY recovery at the moment. Moved money there for now.
You may be right but I had a gut feeling the share was over priced last week and sold my entire holding. It now sits at about the average price of the last year and I think with results like it is indicating will fall further. I will buy back in under 60p.
Looks like a transaction cock up.
Might do better to wait a while anyway. I think this will go sub 60p yet. (Someone just sold 1,000,000)