Has Speedy hire turned the corner?
It's looking interesting. Any thoughts?
Takeover time?

interesting rumour:

Can we expect an announcement from Speedy Hire very soon?



NEWS STORY from vertikal.net

We have now confirmed that Andy Wright who heads Lavendon’s highly successful operations in the Middle East, is leaving the company.

Appointed to the role in 2010, his official title was chief executive, international operations, and he has been based in Dubai since. We also understand that he will join the Middle East operations of Speedy Hire and remain in the region.



Wright joined Lavendon from Aggreko in late 2006 as group development director and was appointed head of UK operations in mid 2007.

Vertikal Comment

We first heard of Wrights impending departure early last week, but have been unable to confirm it beyond reasonable doubt – Until now. The Middle East operations of Lavendon, which trade under the Rapid Access banner, have boomed during Wright’s tenure and in the first six months of this year generated revenues of £22.1 million, second only to the UK, while being the most profitable part of the group, generating an operating income of £6.5 million, or 44 percent of the group total.

His departure, which has not yet been officially announced by the company, will be a serious loss, and if as we believe he does join Speedy, a substantial gain for its fledgling international operations.

(duplicated post)

Large volume yesterday and again this morning as it turns up after the pause/retracement

Trading update on 17 October - this could be the start of a good run up to that date.

Nice movement up close to the end of the day

Speedy Hire heading speedily higher!
And volume this week looks like being higher than in the whole of August.

Fingers has posted his latest chart update on the SDY thread on another bulletin board - next target 75p.

A very strong performance by the stock on a very large volume
Has to break 66p in order to be a BREAKOUT and then look forward to next stage

Trying to break the 66p level for the second time today.

A close above 65p would be positive.

Still waiting for that bl**dy gap to be closed!

Gap? :-)

Please stop it skinny, the sight of that chart brings me out in goosebumps!:-)

2 X 1 million buys @64.75. Somebody has the right idea!

Panmure Gordon reiteration: Buy - TP: 74p.

Speedy Hire outlines plans for UK portfolio

Last updated: 18th Sep 2013 at 14:45pm

Speedy Hire, the specialist equipment rental company, is eyeing a change programme for its UK-wide portfolio of stores aimed at providing more integrated service from its sites.

The listed, Newton-le-Willows company operates different formats through which it rents out equipment to the construction, infrastructure and industrial markets.

It has North West sites in Birkenhead, Manchester, Warrington and Stockport among several others.

The company is also looking to consolidate some of its smaller depots into the larger 'superstore' format to offer a more integrated service to customers.

Dave Harris, commercial director for UK and Ireland, said: "Our view is that the general economy is improving and, against that backdrop, our trading is looking more promising than it has done for some time."

The comments came ahead of the launch of Speedy Hire's new-look presence in Liverpool today (18 September 2013) – the firm's 26th 'superstore'.

The site, on Sandhills Business Park, amalgamates the company's three other sites in the city which have recently closed with all staff transferring to the new base.

Harris said the 26,500 sq ft store, which has 18 staff and is being officially opened today, represented a £2m investment over the next decade.

He added: "Liverpool is undergoing a significant period of change as it makes itself increasingly attractive to new markets both nationally and internationally, and Speedy is investing to be part of this new future."

In addition to the stores, it runs on-site operations, such as with Tata Steel in South Wales, and temporary asset managers working on major construction projects, such as the 2012 Games.


North West City View

IMS due 17th October breakout soon?

Looks ready for it halifax, any day now.

some largish trades going through?

Breakout on its way as there is a Strong housing demand this days

Had a good pause around the 64 to 66p during the last month and now is ready to go higher

most house builders are up by over 3% today