Updates

Speedy Hire - Shares finally break their shackles

January 2005

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.

The shares have hit a new high of 530p and stand a useful 101p aheadof our main recommendation in May. The catalyst for this strong performance was a good set of interim results, for the six months ended30 September, which showed a 22% rise in pretax profit before goodwill to Â£11.5m, on turnover up nearly 24% to Â£99m. Recent acquisitionsof Multi Group and Coates Rentair are now contributing to the top line but their lower levels of profitability (which we expect to eventually improve towards Speedy's levels) have temporarily depressed overall profit margins. These acquisitions, along with five new greenfield openings have led to a net increase of 17 depots taking the total to 303. The cost has resulted in net debt increasing ...

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Business Post - UK mail hits ground running

Burren Energy

Speedy Hire - Tool hire group growing asset utilisation and ROCE rapidly (August 2019)

Speedy Hire - Take profits and sell (February 2014)

Speedy Hire - Tool hire group forecast to increase eps 108% over next three years (September 2013)

Speedy Hire - Introduce stop-loss at 565p (July 2008)

Speedy Hire - Q3 revenue up 43% (April 2008)

Speedy Hire - Prospective PE for 2009 just 9.3 (January 2008)

Speedy Hire - Acquires leading rival (July 2007)

Speedy Hire - Tool hire firmâ€™s earnings forecast to grow 50% over next two years (June 2007)

Speedy Hire - Another in-fill acquisition (December 2006)

Speedy Hire - Substantial acquisition (July 2006)

Speedy Hire - Tool hire firm enjoying strong demand (April 2006)

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

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

Speedy Hire (November 2004)

Speedy Hire - Like-for-Like sales up 11% (September 2004)

Speedy Hire - Now over 280 tool hire depots (July 2004)

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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