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Speedy Hire - Another in-fill acquisition

December 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

In a pre-close update in advance of its interim results, tool and equipment hire firm Speedy Hire has announced that turnover has increased 29% for the first five months to 31 August. In its larger Tool Hire division, turnover rose 15% (8% like-for-like), while Speedy has also opened six new greenfield depots. The smaller equipment hire side has grown much faster with turnover ahead 48% (29% on an underlying basis). Since then Speedy has made another in-fill acquisition, buying North West-based Lifting Gear Hire, a specialist provider of lifting equipment to the industrial and construction sectors, for £13.5m. Given Speedy’s strong trading, we would expect interim results, which are due on 22 November, to tri ...

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Speedy Hire - Take profits and sell (February 2014)

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Speedy Hire - Another chance to take profits (June 2005)

Speedy Hire - Take some profit after re-rating (March 2005)

Speedy Hire - Shares finally break their shackles (January 2005)

Speedy Hire (November 2004)

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Speedy Hire - Earnings forecast to grow 31% in next two years; prospective PE just 9.9 (May 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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Speedy Hire - Another in-fill acquisition

December 2006

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