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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Speedy Hire Plc | SDY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.20 | 0.77% | 26.05 | 08:02:16 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 25.75 | 25.75 | 26.05 | 25.85 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 22/11/2023 | Interim | GBP | 0.008 | 07/12/2023 | 08/12/2023 | 19/01/2024 |
| 22/06/2023 | Final | GBP | 0.018 | 10/08/2023 | 11/08/2023 | 22/09/2023 |
| 15/11/2022 | Interim | GBP | 0.008 | 08/12/2022 | 09/12/2022 | 20/01/2023 |
| 30/05/2022 | Final | GBP | 0.0145 | 11/08/2022 | 12/08/2022 | 23/09/2022 |
| 17/11/2021 | Interim | GBP | 0.0075 | 09/12/2021 | 10/12/2021 | 21/01/2022 |
| 25/05/2021 | Final | GBP | 0.014 | 12/08/2021 | 13/08/2021 | 24/09/2021 |
| 13/11/2019 | Interim | GBP | 0.007 | 05/12/2019 | 06/12/2019 | 10/01/2020 |
| 15/05/2019 | Final | GBP | 0.014 | 04/07/2019 | 05/07/2019 | 09/08/2019 |
| Top Posts |
|---|
Posted at 15/4/2024 19:27 by davius Optimism that struggling Speedy Hire shares are about to turn a corner has been given boardroom support after three directors made investments worth £63,000.The purchases by finance boss Paul Rayner, chair David Shearer and non-executive Shatish Dasani were made after the Merseyside-based tool and equipment hire company said results for the year to last month would be towards the lower end of expectations. The update left shares near a decade low at 24p, despite Speedy’s confidence in a better year ahead given recent contract wins and the support of its five-year transformation programme. It pointed out that it had secured additional annual turnover in excess of £40 million across multi-year contracts with new and existing customers. Whilst these have been slow to mobilise and only provided marginal benefit in the 2023/34 financial year, they improved the growth outlook for the current year and beyond. Speedy added: “This new business has been secured with continued pricing discipline and demonstrates the attractiveness of Speedy's customer offering.” Broker Peel Hunt responded by cutting its profits forecast by £3.5 million to £16.5 million for June’s annual results and trimming its forecast for the current year by 7% to £25 million. However, it reiterated a price target of 60p and said that shares trading on 6.3 times forward earnings and a 35% discount to asset value offered “substantial value”. The broker said 2024 was always likely to be a challenging year given market headwinds and Speedy’s focus on price discipline. It added: “This returns discipline, valuable contract wins and strategic actions to differentiate provides increasing optimism for growth and returns.” The FTSE All-Share company, which operates from 180 fixed sites and selected B&Q stores, is currently in the efficiency phase of a programme aimed at building a sustainable hire business. In recent months, however, the company has been impacted by a drop-off in activity in its regional bases, as well as slower demand for seasonal products due to the mild winter. This left revenues for the year down by about 5% to £420 million. Joint broker Liberum cut its target price to 47p from 54p following the update but said the valuation looked to be attractive given the recovery outlook. It has stuck by its forecast for a reduced full-year dividend of 1.7p a share, leaving the shares yielding about 8.6%. Liberum is encouraged by the potential of green energy initiatives, such as battery storage units and the hydrogen power joint venture with AFC Energy, and notes the opportunity for Speedy’s testing inspection and certification business to double revenues. The broker adds that the company is highly operationally geared, which should start to work in Speedy’s favour as the backdrop improves. The shares closed last week at 25.2p, having fallen from 75p three years ago. It opened its first depot in Wigan in 1977 and listed on the London stock market more than 30 years ago. |
Posted at 10/4/2024 12:34 by smithie6 So, you recommend to buy AFC shares, not SDY ? |
Posted at 10/4/2024 09:20 by halfpenny Need to look at direction and Huge market in Green Energy Supply from AFC. This will be Transformative for SDY.Demand for Green Energy is now Top of Management Agenda and Success. Future bright BUT at these levels are a Takeover Target Value 95p. |
Posted at 06/3/2024 08:44 by clocktower With the likes of Travis Perkins saying how difficult the building market is and closing a distribution centre, I cannot see how SDY can find any growth or even hang on to the business/ revenue previously generated, at this time. |
Posted at 08/2/2024 11:00 by wigwammer So SDY might pay down debt instead of paying a dividend... I'm ok with that... Not sure why that justifies the sell off we have seen. It trades well below tangible book - and let's face it, post inflation the value of those assets is probably materially higher than the heavily depreciated accounting figures suggest. Looks good value. |
Posted at 08/2/2024 08:21 by wigwammer If SDY was going into heavy losses, I could sort of understand the negativity. But when it trades beneath tangible book, and the question for most is will the 8% div be maintained - it all seems a tad overdone. |
Posted at 30/1/2024 22:23 by simmsc Dividend unlikely to be cut. Post today's figures, Free cash expected at 15m in 2024 with Dividends expected to eat up 12m of that cash, still leaving 3m of Free Cash in 2024. Not a lot of breathing space, but if this is low point with things expected to get better during this year we should be fine. FD probably thinks the same (FD's generally being the most risk averse of the board) |
Posted at 30/1/2024 10:31 by spooky Holding a cyclical stock for the dividend is likely to end in tears. Dividend not a factor for me but a cut is obviously a possibility. |
Posted at 22/11/2023 15:29 by brucie5 I need to see how the dust settles over next few days, and no doubt there will be further analysis in the IC among others. But if this was so bad, why has the share price not gone below 30p? Instead, at time of writing, it looks like confirmed support at the 200sma. And if you configure for wmas, there even the strong indication of a GC, if it remains at current level.Meantime an overall Stockrank of 95 and the following historic figures from the same source: 12m Forecast Rolling PE Ratio (f) 6.4 PEG Ratio (f)0.5 EPS Growth (f) 14.1% Dividend Yield (f)7.70% I hold. |
Posted at 18/9/2023 12:14 by smithie6 DiviSo, we get paid the final Divi this week. Nice. 1.8p/share on 22nd Sept 5% of the current share price ..went ex-divi in August "the Board has recommended a final dividend of 1.80pps for the year (FY2022: 1.45pps), making the full year dividend 2.60pps (FY2022: 2.20pps) and an increase of 18% on the prior year. If approved at the forthcoming Annual General Meeting the dividend will be paid on 22 September 2023 to shareholders on the register at close of business on 11 August 2023" (All items at the AGM were approved, that inherently includes the Divi). |
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