Speedy Hire Share Discussion Threads

[simon templar qc] 28/9/2015 09:32

Global economies getting worse not better construction and consumer spend may worsen not improve, the question investors need to ask is will cost savings be enough to prevent any further deterioration in sales?

[smithie6] 28/9/2015 09:12

Im with salpara

"..clearly one hell of a mess"

-----

...more to this imho

- More engineering ??....at a hire equipt co. ??
- Moving hire kit....they put in an RNS ??

Crystal ball at fulltimeinvestors.com
Guesses that
They speak with fork tongue

And reality includes loss and/or end of contracts


Clearly they DO NOT expect bounce back since laid off staff...

Via share price chart imho some ppl knew already !!

For me, if they cant find a competent MD in recent years then too much risk for me, operationally geared....suffer badly if turnover falls.

Spent loads money....to generate fall in turnover and layoffs....you couldnt make it up !!

[smithie6] 28/9/2015 09:01

..not holding..but

Sad to say that at 80-90% of uk listed cos
It looks like dirs. get rich if share price rises
While they loose almost nothing if share price crashes

And many appear clueless

Needs to be changed

But wont since City and bods are dodgy....

[american idiot] 28/9/2015 08:18

4784 - Yeah, agree, kinda - Providing they execute their remedial actions successfully.

Trading below NAV now.

I'm a buyer here.

[salpara111] 28/9/2015 08:15

10% is a hell of a big drop in turnover for such an operationally geared business.
HSS guided last week that they were due to meet their reduced expectations.
Mostly self inflicted wounds here but the bottom line is that it will take some time to sort out what is clearly one hell of a mess.

[solarno lopez] 28/9/2015 08:15

This is what they said about 2 years ago ....we know what we haver to do ...and still got it wrong

[cockneyrebel] 28/9/2015 08:12

Isn't this the focus now rather than this year's profits?

"The benefits from these actions will be realised from the second half of the year onwards. Overhead costs across FY2016 are expected to be c.GBP13m lower than the prior year. Approximately GBP10m of this saving will be realised in the UK and Ireland business, of which c.GBP6m relates to people costs.
In the Middle East the business continues to break even at an operating profit level, with further opportunities for revenue and margin growth.
Net debt at 30 September 2015 is expected to be at a similar level to September 2014 (GBP104.4m). The Group is operating well within its banking facilities of GBP180m, which expire in September 2019. "

Takes 9 months to a year to see tangible benefits from a new board but the stock price reacts well before imo.

CR

[cockneyrebel] 28/9/2015 08:05

Bad news in the price after the open I suspect.

New CEO and at least they now know what they are doing and actually doing it.

Suspect this mornings dip will be a low and then get bought as the last stale bulls and traders jump.

All imo.

CR

[american idiot] 28/9/2015 08:02

There it is....

The 2nd profit warning. No surprise whatsoever

Accordingly the Board anticipates that profitability will be weighted towards the second half of the year and materially below current market expectations.

[cockneyrebel] 25/9/2015 10:46

Double bottom here?

Bouncing on high vol large trades

Trading update next week.

All imo

CR

[mortimer7] 20/9/2015 17:48

From 1st July update:- news is due in next few days....
Jan Åstrand commented: "Improving performance is our top priority. We expect to be able to provide an update when we issue our H1 FY2016 pre close statement which will be in the last week of September."

[salpara111] 14/9/2015 13:40

I noticed that as well, we truly are a service economy!
I guess I get a rather distorted view living in central London which feels like one giant building site at present.

[simon templar qc] 12/9/2015 22:24

Construction figures worse for 2 years, just a thought.

[finess] 11/9/2015 17:30

@Salp

To understand that you would need to see a set of accounts and the borrowings.

SDY borrowed to acquire and I understand that business is doing OK but can it service the debt. IMHO

[salpara111] 11/9/2015 16:06

I struggle to understand why both HSS and Speedy are doing so badly considering the economy is growing at quite a healthy rate and here in London the skyline is almost totally obscured with tower cranes.

[squiresquire] 11/9/2015 14:00

low 20s by update or less?

[american idiot] 11/9/2015 12:11

Agree BertieBee...

It will be a good investment buy once current issues have been resolved.

Still a couple of weeks before a trade update.

Shareprice in serious decline now.

Down 10% just today. (after recent sharp declines)

[american idiot] 11/9/2015 10:47

Still in decline...

Still a potential profit warning to come...

[american idiot] 10/9/2015 16:29

Shareprice still in freefall...

and we still have an update of current trading to come !

I'll be bold and say the shareprice will hit 30p or less in the coming weeks.

[american idiot] 04/9/2015 16:02

Recent HSS Hire Group

Current Trading and Outlook


-- Expect to continue growing market share
through H2, despite variable market conditions
- while July was in line with management
expectations, trading has been softer
in August
-- 2015 revenue growth (full year) is now
expected to be in the range 8 - 11% and
earnings for the full year now expected
to be below current market expectations

..........

I fully expect a profit warning to come from Speedy in the near future. Judging by the shareprice so does the market.

Everybody knows profit warnings always come in 3's