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

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.

Just before 12pm had another run to the 68 / 68.25p intraday high reached last week

Interim results in about 4 weeks I think.

Trading statement this Thursday, HARRY.

sp accelerating...............vroom, vroom!

sp going like the clappers!!

Thanks db4.. I think that interim results are due mid Nov also. Finals are in may, which would be about right. Presumably the trading statement will shed light on it.

Positive day - it will be interesting to see where tomorrow takes us in anticipation of the trading update on Thursday.

sp 68p has gone into reverse, some large sells shown?

Trading Update

Speedy Hire Plc, the UK's largest provider of tools and equipment services, today issues a trading update ahead of the announcement on 12 November 2013, of its interim results for the six month period ending 30 September 2013.

Whilst UK market conditions remain challenging, the Group has had a satisfactory performance and is trading in line with management expectations. At a Group level, whilst H1 revenue decreased by 0.1% against the prior year period, Q2 saw an improving trading momentum with Q2 revenue increasing by 0.4%.

Whilst we are yet to see any material improvement in construction work, the UK and Ireland division continues to navigate through the economic challenges by focussing on active hire markets, service revenue streams, an increasing proportion of non-construction related activities and progressing with the depot network and logistics strategy. Although UK and Ireland revenue in Q1 fell by 2.6%, with the National Grid project now fully mobilised and new Q2 non-construction related contract wins (£4.2m in the Infrastructure sector and £6.5m in the Industrial sector) Q2 revenue decreased by only 1.6%, mitigating the overall fall for H1 to 2.1%.

The International division has once again made good progress with H1 revenues up 28.5% against the prior year period and mobilisation on key projects continuing to plan. During H1 we have also established a presence in Qatar to work with our teams in the MENA territories to capitalise on attractive opportunities in both the oil & gas sector and government-backed infrastructure initiatives across the region.

Getting clobered at the moment, suppose it was this......

"Whilst UK market conditions remain challenging",

Other peers doing well.

17 Oct: Investec Securities reiterates Buy - TP upped to 85p.

Looks ready to tick up again after a minor drop yesterday.

30 Oct: Investec Securities reiterates: Buy.
TP upped from 85p to 100p.

what do Investec know that others don't?