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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • SDY
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 £11.5m, on turnover up nearly 24% to £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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Speedy Hire - Another chance to take profits (June 2005)
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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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