Multiple Insiders Make Investments in Speedy Hire, Indicating Positive Developments

Insider Buying Activity: Multiple insiders at Speedy Hire Plc have purchased shares, which is generally seen as positive news for shareholders, especially when insiders buy at prices above the current market value.

Recent Transactions: CFO Paul Rayner made the largest insider purchase of £47k worth of shares at £0.36 each, indicating confidence in the company's future despite a current price of £0.29.

Overall Insider Activity: In the past year, insiders bought 375k shares for £108k while selling 130k shares for £47k, resulting in a net buying position, although overall insider ownership remains low at about 0.7%.

Caution and Recommendations: While recent insider transactions are encouraging, there are concerns regarding the low level of insider ownership and potential warning signs associated with the company that investors should consider.