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

Suddenly looking very perky again today - volumes have picked up.

Harry - change the size to 860 for a better representation of the candles.

Two large buys early this afternoon seem to have sparked things off.

Your wish is my command, but size isn't everything, skinny! ;o)

Thank heavens! :-)

Any thoughts on SDY, skinny?
I presume you s/bettors would being going short any time now?
Trend is still up but other short term indicators would contradict that.

I'm still long Harry.

Latest Broker note.

02 Jul 13 Speedy Hire PLC RBC Capital Markets Outperform 62.38 - 70.00 Initiates/Starts.

Interim Management Statement

At the Annual General Meeting to be held at 10.00 today, Ishbel Macpherson, Chairman, will give the following update on the Group's progress since the start of the current financial year.

"Despite continued challenges in the UK economy, performance in the first quarter was satisfactory. At a Group level, revenue for the 3 months to 30 June 2013 decreased by 0.8% on the same period last year.

In the UK and Ireland division, which constitutes 93% of Group revenues, the continued strategy of developing the services revenue, combined with focus on the growth sectors of water, waste, energy and transport, has underpinned a resilient performance considering the difficulties that remain in the general construction sector. Additionally, the National Grid contract started well. The prior year period was positively impacted by significant infrastructure spend ahead of the Olympics and, as a result, revenue decreased by 2.6% against the first quarter FY13.

The International division has seen an encouraging start to the year with revenues in the first quarter 30% ahead of the prior year period. This has been driven by continued growth in oil and gas projects and the ZADCO project progressing in line with our expectations. Speedy has a strong pipeline of further opportunities in our target sectors of oil and gas and government-funded infrastructure which provide the International division with a good platform from which to make further progress in FY14 and beyond.

Speedy has continued to drive through the benefits from its efficiency programmes within the property network, which, along with the logistics strategy, are building a solid platform for future growth. Strategic capex continues to be focussed on growth sectors and in support of key contracts.

The UK economy remains under pressure, but we continue to focus on specific UK sectors, grow our services offering, support our efficiency programmes and improve the scale and performance of the International division. The Group is trading in line with management expectations for the full year and the Board remains confident that it is well positioned for the future."

Future announcements
Speedy will issue its Interim Results for the 6 months ended 30 September 2013 on 12 November 2013 and will issue a Trading Update on 17 October 2013.

Are you still long skinny? Going nowhere fast atm. A bit frustrating!

Yes I am Harry - no updates in the offing either.

Seems it's taking a breather. There have been a couple of very good contracts won in the last couple of weeks, didn't move the price up but certainly stopped any slide.
Next Update should see them spurt IMO.

Divi payment date tomorrow. Interim results mid Nov. That's about as exciting as this one gets!
I agree........not sliding backwards, which is reassuring!

Speedy Hire to benefit as construction output booms http://valueshare.co.uk/current-portfolio/speedy-hire-sdy/speedy-hire-benefit-construction-output-booms/279/

boonboon, tell the AHT management to buy Lavendon and put me out of my misery.

Been a waste of time buying it about a month ago.

Bought it cos I got a free copy of tip sheet Small Company Share Watch.

Wont be buying a subs from them.

Wish Id bought AHT instead.

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