Speedy Hire – 34.5p

14 November 2012 – interim results

In the six months to 30 September underlying revenue increased by 6.4% to £169.1m (2011: £158.9m).  Adjusted profit before tax rose to £6.6m (2011: £4.8m) and earnings per share improved by 23.6% to 1.10 p (2011: 0.89p).  The interim dividend was increased by 10% to 0.22p per share (2011: 0.20p).  The share price has recovered well in recent weeks but we still rate the shares as a BUY.

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