Speedy Hire Dividends - SDY

Speedy Hire Dividends - SDY

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Stock Name Stock Symbol Market Stock Type
Speedy Hire Plc SDY London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.05 -0.12% 43.30 16:35:18
Open Price Low Price High Price Close Price Previous Close
43.70 42.90 43.95 43.30 43.35
more quote information »
Industry Sector
SUPPORT SERVICES

Speedy Hire SDY Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
30/05/2022FinalGBX1.4531/03/202131/03/202211/08/202212/08/202223/09/20222.2
17/11/2021InterimGBX0.7530/03/202130/09/202109/12/202110/12/202121/01/20220
25/05/2021FinalGBX1.431/03/202031/03/202112/08/202113/08/202124/09/20211.4
13/11/2019InterimGBX0.731/03/201831/03/201905/12/201906/12/201910/01/20200.7
15/05/2019FinalGBX1.431/03/201831/03/201904/07/201905/07/201909/08/20192
14/11/2018InterimGBX0.630/03/201830/09/201813/12/201814/12/201825/01/20190
16/05/2018FinalGBX1.1531/03/201731/03/201805/07/201806/07/201810/08/20181.65
14/11/2017InterimGBX0.530/03/201730/09/201714/12/201715/12/201726/01/20180
16/05/2017FinalGBX0.6731/03/201631/03/201706/07/201707/07/201711/08/20171
16/11/2016InterimGBX0.3330/03/201630/09/201615/12/201616/12/201627/01/20170
17/05/2016FinalGBX0.431/03/201531/03/201607/07/201608/07/201612/08/20160.7
10/11/2015InterimGBX0.330/03/201530/09/201517/12/201518/12/201529/01/20160
12/05/2015FinalGBX0.431/03/201431/03/201511/06/201512/06/201512/08/20150.7
11/11/2014InterimGBX0.330/03/201430/09/201408/01/201509/01/201530/01/20150
13/05/2014FinalGBX0.3531/03/201331/03/201411/06/201413/06/201413/08/20140.61
12/11/2013InterimGBX0.2630/03/201330/09/201308/01/201410/01/201431/01/20140
15/05/2013FinalGBX0.3131/03/201231/03/201312/06/201314/06/201314/08/20130.53
14/11/2012InterimGBX0.2230/03/201230/09/201202/01/201304/01/201325/01/20130
16/05/2012FinalGBX0.2631/03/201131/03/201213/06/201215/06/201215/08/20120.46
16/11/2011InterimGBX0.230/03/201130/09/201104/01/201206/01/201227/01/20120
18/05/2011FinalGBX0.231/03/201031/03/201115/06/201117/06/201117/08/20110.4
17/11/2010InterimGBX0.230/03/201030/09/201005/01/201107/01/201128/01/20110
19/05/2010FinalGBX0.231/03/200931/03/201016/06/201018/06/201018/08/20100.4
25/11/2009InterimGBX0.230/03/200930/09/200906/01/201008/01/201022/01/20100
27/05/2009FinalGBX6.431/03/200831/03/200923/06/200925/06/200925/08/200912.8
26/11/2008InterimGBX6.430/03/200830/09/200807/01/200909/01/200923/01/20090
28/05/2008FinalGBX13.431/03/200731/03/200825/06/200827/06/200826/08/200819.8
28/11/2007InterimGBX6.430/03/200730/09/200702/01/200804/01/200825/01/20080
22/05/2007FinalGBX11.531/03/200631/03/200720/06/200722/06/200721/08/200717
21/11/2006InterimGBX5.530/03/200630/09/200603/01/200705/01/200726/01/20070
30/05/2006FinalGBX9.431/03/200531/03/200628/06/200630/06/200629/08/200614.3
23/11/2005InterimGBX4.930/03/200530/09/200504/01/200606/01/200627/01/20060
01/06/2005FinalGBX831/03/200431/03/200529/06/200501/07/200530/08/200512.3
24/11/2004InterimGBX4.330/03/200430/09/200405/01/200507/01/200528/01/20050
03/06/2004FinalGBX6.831/03/200331/03/200428/07/200430/07/200427/08/200410.5
26/11/2003InterimGBX3.727/03/200327/09/200303/01/200405/01/200430/01/20040
11/06/2003FinalGBX5.730/03/200230/03/200329/07/200301/08/200329/08/20039
27/11/2002InterimGBX3.330/03/200230/09/200204/01/200306/01/200331/01/20030
12/06/2002FinalGBX528/03/200128/03/200231/07/200202/07/200230/08/20028
29/11/2001InterimGBX330/03/200130/09/200102/01/200204/01/200231/01/20020
27/06/2001FinalGBX8.301/04/200001/04/200125/07/200127/07/200128/08/200113.9
27/11/2000InterimGBX5.601/04/200001/10/200002/01/200108/01/200126/01/20010
26/06/2000FinalGBX8.302/04/199902/04/200003/07/200007/07/200028/07/200013.9
29/11/1999InterimGBX5.603/04/199903/10/199929/12/199906/01/200028/01/20000
21/06/1999FinalGBX728/03/199828/03/199905/07/199909/07/199930/07/199912.1
23/11/1998InterimGBX5.127/03/199827/09/199829/12/199805/01/199929/01/19990
22/06/1998FinalGBX6.6529/03/199729/03/199829/06/199803/07/199831/07/199810.85

Top Dividend Posts

DateSubject
02/6/2022
18:58
tole: Thanks rumbersToday's write up in the TimesSpeedy HireSpeedy Hire has the look of a company that has had a raw deal from investors. It had been pigeon-holed as a beneficiary of Covid lockdowns - housebound DIYers buying equipment to keep busy - and consequently neglected now that conditions are returning to something near normal. But it announced stellar results on Monday, and has robust pricing ability in the face of rising inflation.Pre-tax profit rose from £8.3 million to £29.1 million in the year to end-March, as a disproportionate chunk of a 16.4 per cent revenue increase dropped to the bottom line.As its name suggests, the company hires out everything from hedge trimmers and ladders to pipework and crowd control barriers. It therefore appeals to the whole range of construction and maintenance, from large building companies to local plumbers. The big firms used to be out of reach but in many cases they now hire more than they own, to use capital more efficiently and cut carbon emissions.The hire market is fragmented and highly competitive. Business customers can easily defect without disrupting their own activities. Speedy should respond to that threat by mopping up some of the tiddlers, but that would not make sense while its shares are rated so meanly.It has invested £70 million in its hire fleet over the past year, to meet increased demand and offset the effect of delayed supplies. Although net debt has doubled to £67.5 million in the past year, it is still less than annual operating profit.Russell Down, the chief executive, said: "We have made an encouraging start to 2022-23, with volume growth and price increases more than offsetting cost pressures."The gross profit margin is up from 55.6 per cent to 57.2 per cent, showing it can pass on price rises. If a customer needs an item, they are not going to be too fussy about how much it costs.At 2.2p a share, up 57 per cent from 1.4p a year ago, the dividend translates into a 4.7 per cent yield which looks eminently repeatable. The p/e ratio is a modest 11.4.ADVICE BuyWHY The shares are unfairly neglected and underpriced
01/6/2022
18:51
tole: https://masterinvestor.co.uk/equities/speedy-hire-capital-growth-on-just-8-7-times-earnings-and-a-good-looking-5-5-yield/Speedy Hire – capital growth on just 8.7 times earnings and a good looking 5.5% yieldBy Mark Watson-Mitchell 01 June 2022 3 mins. to readSpeedy Hire – capital growth on just 8.7 times earnings and a good looking 5.5% yieldLast Monday's final results announcement from Speedy Hire (LON:SDY) reminded me yet again just how cheap its shares are currently.Several times over the last couple of years or so I have commented upon this group and I have no compunction about returning to do so after its latest figures and statement.The businessBased in Newton-le-Willows on Merseyside, the £231m capitalised group is the UK's leading provider of tools and equipment hire services.Its massive range of clients includes market leaders in the UK construction, infrastructure and industrial markets.It supplies large national customers, including 86 of the UK's top 100 contractors.It also deals with local trade and industrial companies across the country, as well as with the general public.In the last year or so it has formalised its partnership with the B&Q stores group, boosting its trade and retail sales through various of its depots, as well as through its diy.com website.Speedy itself has some 200 fixed sites across the country, supplementing its own online activities.The company hires out a range of tools and accessories, including access, lighting, survey, lifting, rail, safety equipment and ATEX, plant, site and traffic management, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.In addition, the company offers partnered, fuel management, testing inspection and certification, advisory/technical, powered access, out of hours, building information modelling, and aviation services, as well as customer service centres, and training services.The group provides a unique industry leading national four-hour delivery promise on its 350 most popular products.It has some 300,000 itemised assets for hire and employs over 3,300 people.The EquityThere are some 510.5m shares in issue.The larger holders include Schroder Investment Management (12.8%), Polar Capital (7.23%), Abrdn Investment Management (6.02%), M&G Investment Management (5.11%), FIL Investment Advisers (UK) (5.09%), Jupiter Asset Management (5.01%), Aberforth Partners (3.98%), Franklin Templeton Fund Management (3.27%), Threadneedle Asset Management (2.77%) and Hargreaves Lansdown Stockbrokers (2.50%).Brokers ViewAnalyst Charlie Campbell, the sector specialist at the group's brokers Liberum Capital, after Monday's announcement, was impressed by the group's strong recovery over the last year or so.For the current year to end March 2023 he estimates £417m sales revenues (£387m), pre-tax profits of £34.3m (£29.6m), earnings of 5.4p (4.1p) and an increased dividend of 2.5p (2.2p) per share.For 2024 and 2025 respectively, he sees sales of £432m and £448m, leading to profits of £37.0m then £39.5m, worth 5.4p then 5.7p in earnings, sufficient to pay 2.6p then 2.8p in dividends per share.Nice steady growth all around.Campbell rates the shares as a 'buy', looking for an 80p price objective.My ViewI really like this little group. It is yet another in my series of 'basic' businesses, never going to set the world alight but where its shares are extremely attractive for capital and income growth.It has a strong balance sheet and very good banking facilities. It is continually updating its fleets and its product ranges, pandering to a growing customer demand.Importantly, it will be gaining in the current and next year as its hire rate pricing is moved higher.It will also benefit very well as its tight management will help to increase its utilisation rates and its margins.As the infrastructure sector grows apace it will be a clear beneficiary of additional business.The B&Q arrangement could also prove to be a winner in due course.At the current 47p share price I consider that this group's shares are ready for another lift upwards.That rates the shares on just 8.7 times current price-to-earnings and yielding a very handsome 5.5%.We did well subsequent to the first Profile on the group in late 2019 then at 52p, they hit 80p within months.I now set a new Target Price of 60p on the shares within the next year.
31/5/2022
15:35
tole: https://www.thetimes.co.uk/article/speedy-hire-profits-jump-to-boost-annual-dividend-pcg586jz8Speedy Hire profits jump to boost annual dividendTimes Business ReporterTuesday May 31 2022, 12.01am BST, The TimesSpeedy Hire is navigating the storms of rising inflation and supply chain pressures, with profits and the annual dividend both risingThe burgeoning confidence at Speedy Hire was strengthened still further yesterday when the tools and equipment provider reported soaring annual profits and expressed confidence that there was more to come.Speedy Hire said that its pre-tax profit had risen by more than 250 per cent in the year to the end of March to £29.1 million, from £8.3 million previously. Its revenue rose by 16.4 per cent to £386.8 million and it declared an annual dividend of 2.2 pence per share, up 57 per cent from 1.4p a year ago.Its full-year figures came after the group revealed plans last November to rent out of tools and smaller plant and machinery to the public after a trial at several B&Q DIY stores. The company typically rents its construction equipment to British infrastructure contractors, housebuilders and thousands of small building companies and tradespeople. It has more than 3,700 staff and about 200 depots across the UK and Ireland. It also has international operations serving the oil and gas sectors in the Middle East and Kazakhstan.Speedy Hire said its latest financial year had got off to an "encouraging" start, with underlying revenue 8 per cent ahead of the most recent comparative period. Volume growth and price increases had more than offset inflationary cost pressure, it said, adding that it was confident of achieving its expectations for 2022-23.David Shearer, 63, its chairman, said: "I am pleased with the performance this year and that revenues are now ahead of the pre-Covid-19 period. We have a strong market position allowing us to take advantage of positive end markets and deliver continued sustainable growth. The board looks forward with confidence for the year ahead." Shares in Speedy Hire rose almost 2p, or 4.2 per cent, to 47¾p last night.
30/5/2022
21:05
cravencottage: Directors must be confident in Speedy's prospects to increase divi and continue with the share buybacks. Yielding 4% plus should attract institutional support.
30/5/2022
17:53
tole: Demand still strong at Speedy HireThe tool, equipment and hire company looks well positioned for growth in spite of cost pressuresMay 30, 2022By Jemma SlingoGroup has invested heavily in hire fleetInflation expected to hit overheads Shares in Speedy Hire (SDY) have lost a third of their value over the past year. When you look at the group's performance, however, this doesn't seem fully justified. While the equipment company had a difficult lockdown, revenue and profit before tax now exceed pre-pandemic levels, and demand for tools and building equipment shows no sign of waning.Speedy Hire has invested around £70mn in its hire fleet over the past 12 months in order to meet increased demand and to mitigate the effect of increased supplier lead times. This has inevitably affected its financial position: net debt has doubled to £67.5mn since last year. Meanwhile, its operating cash flow has sunk by 60 per cent to £28.6mn and it has just £2mn of cash on its balance sheet. Despite this, the group's net debt-to-Ebitda ratio remains low at 0.9 times, and utilisation rates have increased to 57 per cent. The group has also managed to boost its gross profit margin from 55.6 per cent to 57.2 per cent, driven by a strong hire division. There are obvious concerns. Inflationary pressures on salaries, utilities and fuel are expected to bite in 2023. Meanwhile, the group's decision to end its apprenticeship scheme last summer won't help with potential labour shortages, although it has set a target to have at least 5 per cent of its employees on some kind of "earn and learn" programme within five years. So far, price increases have managed to offset the effects of cost inflation on both overheads and new equipment purchases. Many analysts also consider Speedy Hire's end markets to be strong, despite concerns about the outlook for UK construction. "We note that [the] government appears highly committed to its infrastructure programme and we are confident that housebuilders are likely to aim to grow volumes in 2023 even if house price inflation slows," analysts at Liberum said. This sentiment is echoed by Panmure Gordon, which believes the group is likely to see further upside from the government's levelling up agenda. A cautious buy.
18/5/2022
20:30
tole: Here is 1 penny stock primed to benefit from the construction boom!Jabran Khan delves deeper into a penny stock that he believes could benefit from the construction boom, and explains why he likes the shares.Jabran Khan?Published 17 May, 3:46 pm BSTSDYI believe penny stock Speedy Hire (LSE:SDY) could benefit from the rise in demand for construction services here in the UK. Here is why I would add the shares to my holdings.Construction equipment rentalSpeedy Hire is a construction tools and equipment rental business. With over 200 depots across the UK and Ireland, it has over 300,000 itemised assets available for hire.So what is the current state of play with the Speedy Hire share price? As a reminder, a penny stock is one that trades for less than £1. Speedy shares are trading for 49p, as I write. At this time last year, the shares were trading for 75p, which is a 34% drop over a 12-month period.I believe Speedy shares have come under pressure in recent times due to macroeconomic headwinds and the stock market correction. This correction was caused by the geopolitical issues arising in Ukraine currently.A penny stock with risksThe biggest threat towards Speedy's performance and growth, and in turn investor returns, is that of soaring inflation and the rising cost of raw materials. Speedy will see its costs rise, which means increasing its prices. Some businesses have defensive capabilities whereby a price increase would not deter its customers and they would still experience consistent sales. Speedy doesn't have this characteristic, in my opinion. It could lose customers to competitors that are able to offer better value for money.Another issue is that Speedy is an asset-heavy business. It must continuously invest in new and updated equipment that comes out and a significant capital outlay is needed to do this. This outlay could affect any shareholder returns.Why I like Speedy Hire sharesAs mentioned earlier, Speedy could benefit from the construction industry recovering towards pre-pandemic levels. When the pandemic struck, the construction industry was severely affected. Current demand for housing and commercial property is soaring. In fact, demand for homes in the UK is currently outstripping supply.As well as market conditions, Speedy's business model is also beneficial to its own progress, in my opinion. There is a general consensus in the construction community that renting, and not buying tools, is more cost effective. Speedy specialises in renting out its equipment.Speedy shares pay a dividend with a yield close to 4%. This is high for a penny stock, which is enticing. It also recently commenced a share buyback scheme that will reward investors too.Let's take a look at the fundamentals then. Prior to the pandemic, Speedy was able to grow performance in respect of revenue and gross profit. I do understand that past performance is not a guarantee of the future, however.Coming up to date, Speedy's full-year update for the year ending 31 March, released in April, made for positive reading. Revenue is set to increase by 5% compared to 2020 and investment of £70m has also helped secure a lucrative partnership with DIY giant B&Q. Speedy now has a presence in 38 B&Q stores, which will help boost its profile and performance.Speedy Hire is a penny stock I would add to my holdings. I believe it could benefit from market conditions, despite macroeconomic challenges. The shares could be on the cusp of heading upwards in my opinion and I would buy them now before any price increase.
05/4/2022
14:29
km18: Speedy Hire Plc issued a year-end trading update this morning. In short, the Group expects to report results for the year in line with the Board's expectations. Positive trading momentum has continued with further revenue growth in Q4. This has been supported by positive end markets, with strong demand resulting in increased volumes, better rates and higher utilisation, on an enlarged hire fleet. The balance sheet remains strong with net debt at 31 March 2022 under £70million. Valuation is also reasonably attractive with forward PE ratio at 10, PS ratio under 0.8. Share price is currently still in a 10-month correction so there is no rush to buy. The company is also not particularly high growth. But it is consistently profitable, dividend yield is reasonably generous at 4.5% and valuation allows for decent upward rerating. One to monitor for now... ...from WealthOracleAM https://wealthoracle.co.uk/detailed-result-full/SDY/406
22/11/2021
16:16
sphere25: Hi Tole, Thanks for the kind words on the other thread :-) SDY knocking it's head against 70p....AGAIN! I have lobbed into the spike here. This does the SAME THING nearly every time. It sticks its head over 70p, teases with a break but then sellers come in and hit it back down. Then you end up with this same battle back at 70p. Normally the sellers win out and it ends up going back into the trading range. The intraday chart shows the price having tested 70p a few times today. It keeps getting pushed back. The heavy buying that could test the sellers resolve more at these key resistance levels and cause a much sharper move higher is yet to appear. Will it come? Lovely one to keep nipping in and out of. All imo DYOR
17/11/2021
08:42
sphere25: Taken some first thing here for a quick opportunity. There was a seller in size at 65p holding the price back initially, but the market came roaring in and gobbled the shares up there. Surprised SDY hasn't rallied more on those results. They are trading ahead, managing supply chains well and confident on the future too, but SDY isn't as fashionable as most shares that end up going rocket ship on alot less. The price bounces around in a trading range so great for traders (you can almost keep nipping in and out), but still significantly off pre-covid highs so long term folk won't be as happy. Sellers at 67p prevent the pop higher atm. A move to 70p should be on if 67p gets taken out. That is normally where you get much greater resistance for SDY - chart is symbolic of that. Probably worth keeping an eye to see how interested the market gets here for any significant push higher. Nice early interest with volume currently at 2.5m. It will likely stay range bound if the interest doesn't come. All imo DYOR
17/11/2021
07:50
eggbaconandbubble: I haven't been following SDY, but just glimpsed those results.... Why is the share price in the doldrums? The building industry is flat at the mo. Seems odd!
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