20 July 2010 – interim management statement

Trading since the start of the financial year has been broadly in line with management expectations. A cautious approach is being taken, with a focus on what the company refers to as the ‘3 C’s’ of cash, costs and capex. Interim results are not due until 17 November and it is difficult to see what will act as a catalyst to boost the share price in the meantime. For now Speedy Hire remains a HOLD.