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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

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

May 2004

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
One company making a mint out of the seemingly endless construction boom is Speedy Hire, the UK's largest operator of tool hire products, such as electrical drills, access towers and cement mixers.  That business may sound rather mundane but Speedy's performance has been anything but, with its operating profit  growing more than ten-fold in the last ten years, mirroring an equally dramatic expansionin the number of hire outlets from 40 to 279.    Overthe month, we caught up with chief executive, John Brown, who was in good cheer following Speedy's very positive trading statement ahead ofits year-end. Brown is adamant that the group will continue to deliverthe double-digit growth rates it has been enjoyin ...

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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 - 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)
Speedy Hire - Like-for-Like sales up 11% (September 2004)
Speedy Hire - Now over 280 tool hire depots (July 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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