Updates

Speedy Hire - Winding down the Middle East spot hire

December 2014

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.

The six months ended 30 September showed that group sales grew by 12% to £189m. Pretax profit before exceptionals grew 129% to £10.3m for eps of 1.4p. Exceptional costs amounted to £3.7m and included the costs incurred for accelerating the network change programme, changes to the management structure and work on international strategy.The core UK rental continues to benefit from the big infrastructure programmes including Crossrail, HS2 and the Thames Tideway Tunnel and a focus by Speedy on servicing its largest customers. In order to better serve them and ensure availability of equipment, another £20m has been invested in the tool hire fleet to leave net debt at £104m. Sales in the UK grew by 11% to & ...

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Energy Assets

Tracsis

Speedy Hire (July 2015)

Speedy Hire (June 2015)

Speedy Hire (March 2015)

Speedy Hire (November 2014)

Speedy Hire - Heading to 10% operating margins (October 2014)

Speedy Hire (May 2012)

Speedy Hire - Improving Hire Rates (February 2012)

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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