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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Speedy Hire - Take some profit after re-rating

March 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:
  • 687p
After spiking to a new all time high of 691p at one point, giving us a gain of 61% since our main recommendation just 10 months ago, shares in Speedy Hire have finally paused for breath. Evolution Securities has issued a new note which puts the rise down to Speedy's management doing a round of visits to brokers and investors. Clearly this went down a treat although our hunch is that the mini bull-market has also belatedly given it a decent rating. The broker also notes that the succession of the CEO role from John Brown to Steve Corcoran, like Brown a long-time Speedy company man of nearly 15 years, has been handled very smoothly. After such a rapid rise, the shares now trade on a fu ...

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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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