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

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

The GAP has to be filled and the BREAKOUT with volume is what it needs

Still needs to close above 65 66p

re - Still needs to close above 65p

do you mean 66p?

Well that is what I thing

Yes sorry I took that from my post on Sept 11th when - it finally closed @65.5p (also on Oct 3rd) - so yes 66p! :-)

I repeat my frustrated post #126!

Harry - patience! :-)

Excellent volume today.

And the BREAKOUT did happen

Volume and rising goes together and very important in a BREAKOUT

Yes its looking very good - RSI looking up also.

Is on the move up again +1p as the Breakout is working its way to fill the GAP

A bit more volume would be good. Looking a bit thin atm.

A couple of charts from accross, about break out by Master RSI and fingers xxd

sp moving ahead nicely heading for 70p.

Yes, looking strong again today halifax and Finger's chart suggests 75p as the next resistance level.