Speedy Hire PLC – Fall in Share Price
If you’re a Speedy shareholder then you know of the sudden fall in Share Price over the last few weeks. (45p few weeks ago)
We have had a rough couple of days, seeing today we have had an over 2p fall in Share Price,
Now this is just my oppinion but I feel that the reason for this is all the negative press that there has been on the economy, credit crunch and contruction industry and how we might be getting a little too excited on things picking up.
I think people see the contruction/hire industry as one of the few things that are going to take a while to get better and so people are losing confidence in this market and so are moving to other shares instead.
People in recessionm usually go for the safe options, commodities that are ‘Needs’ instead of ‘Wants’, businesses that people still need to buy from no matter what the economic climate.
and Frankly, people don’t want to move house, investors don’t want to buy run down properties and do them up and sell them on for a profit because there are little buyers out there.
People also know that the industry won’t be getting any better over the next few months because of it being Christmas…
However I feel that this is a good price level to get into at the moment, around 34p…
You’ll find that when results come next spring you’ll be thanking your lucky stars you’ve invested now..
By no means am I telling you to invest or sell here, you make your own mind up, do some research into the industry and don’t listen to people like me…
