Secondary Recommendation

Speedy Hire - Improving Hire Rates

February 2012

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.

With Mr Market's mood picking up since the start of the year, we thought it would make sense to look at two bombed out recovery stories: Pendragon, the franchised motor dealer and Speedy, an equipment rental business.• Conditions in the plant hire industry are hardly brilliant. Residential and commercial construction work on both sides of the Atlantic have been slow since the recession as economic uncertainty has led to major projects being halted. But the news for investors is not all bad. One company, Ashtead (AHT; 229p), which rents out equipment such as forklifts, drills and generators, has already more than doubled since August after it reported profits were running ahead of expectations. Ashtead's success driver is its ...

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Speedy Hire (July 2015)

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Speedy Hire (March 2015)

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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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