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SDY Speedy Hire Plc

19.60
0.28 (1.45%)
Last Updated: 13:37:02
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Speedy Hire Plc SDY London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.28 1.45% 19.60 13:37:02
Open Price Low Price High Price Close Price Previous Close
19.50 19.50 19.80 19.32
more quote information »
Industry Sector
SUPPORT SERVICES

Speedy Hire SDY Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
21/11/2024InterimGBP0.00805/12/202406/12/202417/01/2025
19/06/2024FinalGBP0.01808/08/202409/08/202420/09/2024
22/11/2023InterimGBP0.00807/12/202308/12/202319/01/2024
22/06/2023FinalGBP0.01810/08/202311/08/202322/09/2023
15/11/2022InterimGBP0.00808/12/202209/12/202220/01/2023
30/05/2022FinalGBP0.014511/08/202212/08/202223/09/2022
17/11/2021InterimGBP0.007509/12/202110/12/202121/01/2022
25/05/2021FinalGBP0.01412/08/202113/08/202124/09/2021

Top Dividend Posts

Top Posts
Posted at 05/2/2025 10:50 by my retirement fund
Certainly looking buoyant here. Presumably, the company has not had meetings with its broker, any broker notes out suggesting the future of the dividend?
Posted at 04/2/2025 07:45 by sidam
Also they project the dividend to be maintained for 25, 26 and 27.
Posted at 04/2/2025 07:31 by edmonda
"Trading slower to pick up in Q4" - new research and audio summary following yesterday's Trading Update

The material AMEY contract came on stream as planned but best expectations for H2 have been undone by a continuing weak macro-economic background. We have reduced our core hire estimates by c.8% at the EBITDA level for FY25E. This still infers progress versus H224 and is significantly above H125, albeit not with the momentum previously envisaged. Post the trading update, Speedy is trading on a 40% NAV discount and a c.13% dividend yield.

Our end FY25E NAV is c.4% lower (at 32.4p per share) and the share price discount has widened significantly to c.40%. In addition, the dividend yield is now 13.3% (based on an unchanged FY25E DPS, noting that this is uncovered by FY25E earnings and free cash flow). For the record, our previously derived DCF valuation of 51.1p/per share is equivalent to long-term EBITDA generation of c.£130m; we will review all inputs with the FY25 results announcement in June.

Research note:
Posted at 03/2/2025 18:43 by 34adsaddsa
Well they've - probably foolishly - been paying out dividends and buying back shares so that would explain at least some of the fall in the net equity. Both mean cash leaving the company. The 2.6p dividend they've been paying is £12M per year.
Posted at 03/2/2025 11:23 by smithie6
cash flow

net debt up ~£10m from H1.

and not due to any aquisition since the acquisition that cost £20m was in the prior fin. year. ie. before March '24.

=====

what are the banking covenants for the loans to SDY....normally a ratio of debt wrt EBITDA....or nett cash generation or...
that ratio has surely fallen unpleasantly.

----

so, looks like nett debt up in '24 & it surely went up in '23 as well (included a £20m acquisition).

----
if anyone is looking in detail at flow of cash & debt
...note that increasing the time until pay payables added about £10m to the co's. cash position imo.....which makes the increase in nett debt even worse imo, by ~£10m.

=====

some/many of us thought in '23 that the dirs had lost financial control/prudence & were going a bit wild spending a lot of money on green stuff....& increasing the debt pile even further.
Well, today's news infers that those concerns were 100% correct imo.
Posted at 03/2/2025 10:49 by ny boy
Not the old dividend trap play, doesn’t work in these markets. Just trap door events like this morning are becoming all too common and a nasty wake up call for many
Posted at 03/2/2025 08:39 by smithie6
a few days ago bmcollins wrote

" I think with the probable yield of 9.6% with stock at 27p it is worth sitting on some to see what transpires."

...dividend yield is now perhaps 0% after today's RNS.

Speedy seems to have a track record of appointing incompetent ppl as directors, year after year; now is no different imo

The co. had very high debt & yet the dirs in 2024 were out spending more, all over the place. And if my memory is correct taking in more debt to help do it.

And of course like many bods they came up with trendy names for what they were doing. That bubble has burst big time today imo.

The debt is now a big (bigger) weight on the company & the shares.

"Velocity strategy".....wharghhhh !
Posted at 25/11/2024 12:51 by edmonda
"Positive start to important H2 trading period"

Market conditions have been challenging but Speedy has delivered resilient metrics in H125 trading and is investing for growth. All eyes now turn to an expected acceleration of revenue and profit growth in H2 with visible drivers for doing so. The recent share price performance suggests some investor scepticism that this will be achieved, but a c.11% NAV discount and 9.2% prospective dividend yield also catch the eye ahead of further newsflow.

Link to latest research report (freely accessible):
Posted at 21/11/2024 10:28 by chriss911911
They manage even worse, negative free cash flow borrowing money to pay dividends, incoming dividend cut, which will kill the price and way to early to call the corner having been turned, better to wait for summer of 2025 and pay half the price.
Posted at 06/8/2024 14:30 by master rsi
SDY Speedy Hire PLC
Goes ex-dividend date on Thursday 8 August 2024
Paid on 20 Sep 2024 (Fri)

The Board is recommending payment of a final dividend of 1.80 pence per share making a total dividend of 2.60 pence per share

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