Speedy Hire – 42.125p

13th February 2013 – Interim Management Statement

The quarter 3 trading update showed that progress continues to be made with underlying revenues up 2% against the same period last year, in the UK and Ireland, and 37% in the International business. Margins have continued to improve across the group and the management are confident of meeting full year expectations. The shares have had a great run and the shares no longer look cheap. However, this is a stock that should significantly benefit from any uptick in its underlying markets through its operational gearing. LONG TERM BUY

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