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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Speedy Hire - Another chance to take profits

June 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
  • Price:
  • 668p
Speedy has hit the acquisition trail again with the purchase of The Cabin Company (TCC) from Birse Group for a maximum £6.25m cash. TCC is a northwest-based temporary accommodation hire business operating a hire fleet of 950 portable accommodation units and made an operating profit of £0.7m on turnover of £4.8m in the year ended 30 April 2004. Its customers are both Birse Group and also third parties in the construction and civil engineering sectors in the UK. Earlier, Speedy released a very positive trading update which noted that total turnover increased 18% in the first 11 months of the current financial year, with the like-for-like element rising by 12%. This growth is widespread with all c ...

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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 firm’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 - Take some profit after re-rating (March 2005)
Speedy Hire - Shares finally break their shackles (January 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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