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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Speedy Hire Plc | LSE:SDY | London | Ordinary Share | GB0000163088 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.35 | 1.48% | 24.00 | 8,291,493 | 16:35:23 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 23.70 | 24.05 | 23.90 | 23.25 | 23.85 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Equip Rental & Leasing, Nec | 440.6M | 1.2M | 0.0026 | 91.92 | 109.4M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:36:30 | O | 46,495 | 23.733 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 11/4/2024 | 13:39 | UK RNS | Speedy Hire PLC Holding(s) in Company |
| 10/4/2024 | 15:29 | ALNC |  IN THE KNOW: Liberum sees bounce back potential in Speedy Hire |
| 10/4/2024 | 14:34 | UK RNS | Speedy Hire PLC Director/PDMR Shareholding |
| 10/4/2024 | 12:14 | UK RNS | Speedy Hire PLC Director/PDMR Shareholding |
| 10/4/2024 | 12:01 | UK RNS | Speedy Hire PLC Director/PDMR Shareholding |
| 10/4/2024 | 11:20 | ALNC | Speedy Hire predicts results at "lower end" of expectations |
| 10/4/2024 | 07:00 | UK RNS | Speedy Hire PLC Year End Trading Update |
| 28/3/2024 | 15:05 | UK RNS | Speedy Hire PLC Holding(s) in Company |
| 21/3/2024 | 16:59 | UK RNS | Speedy Hire PLC Director Disclosure Update |
| 01/3/2024 | 09:30 | UK RNS | Speedy Hire PLC Block listing Interim Review |
Speedy Hire (SDY) Share Charts1 Year Speedy Hire Chart |
|
1 Month Speedy Hire Chart |
Intraday Speedy Hire Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/4/2024 | 19:27 | Speedy Hire - SDY - A H&S winner | 5,767 |
| 28/11/2013 | 22:56 | SDY: A turn around story! | 34 |
| 08/11/2012 | 23:05 | SPEEDY HIRE SET TO SOAR | 3 |
| 19/4/2010 | 09:47 | speedy hire | - |
| 30/7/2009 | 23:08 | SPEEDY HIRE SET TO SOAR | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:36:44 | 23.73 | 46,495 | 11,034.66 | O |
| 16:15:00 | 23.50 | 750,000 | 176,250.00 | O |
| 16:15:00 | 23.50 | 650,000 | 152,750.00 | O |
| 16:15:00 | 23.50 | 675,728 | 158,796.08 | O |
| 16:15:00 | 23.50 | 589,286 | 138,482.21 | O |
| Top Posts |
|---|
Posted at 19/4/2024 09:20 by Speedy Hire Daily Update Speedy Hire Plc is listed in the Equip Rental & Leasing, Nec sector of the London Stock Exchange with ticker SDY. The last closing price for Speedy Hire was 23.65p.Speedy Hire currently has 457,730,536 shares in issue. The market capitalisation of Speedy Hire is £109,397,598. Speedy Hire has a price to earnings ratio (PE ratio) of 91.92. This morning SDY shares opened at 23.85p |
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 11/4/2024 09:49 by chriss911911 The whole UK rental market was impacted in 2023 especially second half, per ONS, so Speedy was 2% above average per last trading update. Prior to that speedy had gained 14% FY23 on FY22 in sales, again slightly above average growth per ONS.The Velocity strategy was set out end of 2023, for 5 years, bit early after 5 months to imagine it has failed. What we are told by company.. " the Group has secured additional annual turnover in excess of £40m across multi-year contracts with new and existing customers" What we are told by Office for Budget Responsibility (OBR) "expected inflation to hit an average of 2.2% over the course of 2024, and 1.5% over the duration of 2025" What the S&P Global UK Construction Purchasing Managers’ Index (PMI) says: "UK construction companies indicated a renewed increase in total industry activity during March 24, thereby ending a six-month period of decline" The green business is tiny v group and profitable, so I doubt that will make a difference any time soon to the direction of travel which appears to have move things pointing favourably than not, not least infrastructure spend morphing into a period of unprecedented levels of capex spend, amplified no doubt by rate cuts come the autumn. This business converts cash at 80%+, with debt having fallen despite a downturn year, and is well placed to recover strongly, with modest leverage below 50% of enterprise value with leverage under 1x to EBITDA, based on historic earnings. I see every reason that they can reproduce performance in FY25, which coincidentally is same as current market cap 0.1m. Risk/reward seems appealingly strong, with a price that has little scope to go any lower, unless something dramatic new emerges, but every chance to go back to levels seen in 2021. ...that directors have acquired additional shares since the FY24 pre-close statement was announced |
Posted at 11/4/2024 07:50 by rumbers2 Never a truer word said Smithie. Just wait until you see the size of the one off 'green' charge that will impact the share price come mid June. It's going to be massive. |
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 10/4/2024 08:44 by chriss911911 Not sure why the lack of balance in perspective, debt fell as expected, trading in the range previously advised, if anyone was expected something different when most of last year was known already, is just repeating the same things.Debt less than 50% of enterprise value as today's lower price so not heavily levered, debt has fallen despite tough trading, cash generative, had a tough couple of years, but growing new streams of revenue. The outlook is more bullish than before, and they give a clue, indicating latest comparatives are positive, I see it as an opportunity, rather than a risk, and reasons to imagine new things that are so bad the price should fall further which will likely be short lived, more likely range bound for a while, but still a good opportunity to invest at low price. |
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 31/1/2024 15:41 by smithie6 each to own opinion but personally I think the interest cost is too high wrt PAT& hence that the co. should concentrate on reducing the debt, for say 2 years Either cutting back on capex as American Idiot suggested or by reducing the divi. imo the cost of the divi is too when consider the high debt & low PAT. ----- Going out spending lots of money in last X months, based on the share price it hasn't gone down well with the mkt. |
Posted at 30/1/2024 10:34 by 999rp couldnt agree more with American Idiot thread, the construction industry is on the up and after sorting out the inventory issues last year, Speedy seems to have got their act together. Selling the assets woudl definatley cover the shortfall the interestign feature will be the tie up with B&Q and others in the like, either way the divident was paid last week so happy with the return and any upside on the share price.. |
Posted at 23/7/2023 09:54 by smithie6 you haven't seen the RNS ?(2014 plan, but new options...on future perf.) Personally - I don't have a problem with the free shares (50% of these options) at 0p if meet the perf. targets (although one could argue they are not at all stretching if one includes inflation) - I don't agree at all with the 50% of these share options based largely on the share price performance. That imo is just rewarding the dirs for the halving the share price from 70p to 35p in last 2 years. That cost shareholders a lot of money & dirs should not be rewarded for that. What do other ppl think ? |
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