Speedy Hire Investors - SDY

Speedy Hire Investors - SDY

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Speedy Hire Plc SDY London Ordinary Share GB0000163088 ORD 5P
  Price Change Price Change % Stock Price Last Trade
0.60 0.86% 70.00 16:35:03
Open Price Low Price High Price Close Price Previous Close
68.20 68.20 70.00 70.00 69.40
more quote information »
Industry Sector

Top Investor Posts

46maxon: Only last Friday in investors chronicle p22 they were a Company mention as top tip for 2020. At the time I believe 74-5, and having held these for too long, I’m now enjoying the rise. Perhaps £1.10 within 6 months.
derwent4: certainly need investors this is falling like a ton of bricks on no news at Asda's price wtf are you doing Shearer and co
sharesoc: We have a growth company seminar on the 1st October in Birmingham with Speedy Hire lined up to present. This may be of interest to potential investors or current shareholders. More details and registration can be found here: hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-birmingham-1-october-2019/
sharesoc: Speedy Hire present at our next Birmingham growth company seminar on the 1st October. This may be of interest to current shareholders and potential investors. This is also a great opportunity to socialise with your fellow investors and discuss these and other investment opportunities. More details and registration here: hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-birmingham-1-october-2019/
derwent4: update due in a week or two we need something positive to stop the slide hss fast catching the share price up.this has been going down since they announced the meeting for potential investors
derwent4: just my oppinion but I think Russell made a mistake when he showed everyone in the trade and investors the amount of work we were doing for carrillion over a three year period investors are now quite rightly concerned it's not happening I never tell anyone who my customers are.people now concerned lets hope they give us some positive news to quell the fears
rumbers2: Russell Down made some recent comments about Carillion's collapse at the Speedy Expo at Liverpool Exhibition Centre at the end of January. They might give investors a little more insight after a month of agonizing uncertainty: We are confident of being able to absorb the blow. “We’re of a size where we can absorb that,” he says. “Our bank sureties are around £180m, so it’s not of a scale that’s material to us.” PwC has told hundreds of Carillion suppliers they will be paid for work and services provided following the contractor’s collapse on 15 January, and Mr Down confirms that its plant remains in use. “The equipment that was on hire from 15 January remains on hire and they [the liquidator] are going to pay for that equipment, they want it to remain business as usual from 15 January.” He does, however, acknowledge some uncertainty over Carillion’s problem Aberdeen bypass, Royal Liverpool and Midland Metropolitan projects. “All of those have equipment on hire from us,” he says. “We’re conscious of that and there remains some uncertainty, but the majority of the projects Carillion were working on will go ahead.” Looking back on the build-up to Carillion’s liquidation, Mr Down says Speedy was “monitoring it very closely”. “We were monitoring what we were being paid and we were around the 60-day payments terms with them,” he says. “Some of our business with them was being done through joint ventures as well, which obviously gives us more certainty with the recovery of that.” On Brexit: “I think it would be wrong to say it doesn’t concern me. One impact is the price of equipment – a lot of the equipment we purchase comes from Europe, so that has become slightly more expensive. The more challenging area is projects in the UK, but there are some significant-scale projects in the UK that are going ahead. We’re conscious of Brexit, but we’re not overly concerned at this point in time.” The hire sector: “I don’t think the industry as a whole is having a massive problem. Two years ago, we were having problems, but you look today and other people are having problems. Go back even further and A-Plant were having their problems. It is relentless – you can’t afford to take your foot off the gas.” Potential acquisitions: “Last year, EBITDA was broadly £65m, and at the half year it [was] under £60m. So at 1:1 for a hire business, we’ll probably be under-geared. We’d certainly be looking to borrow more money and acquisitions will be a feature of what we do. It’s unlikely to be more of the same – it’s more likely to be in specialised products or services.” [Speedy acquired two business specialising in powered access platforms: Prolift Access and Platform Sales & Hire.]
kingston78: I am very surprised that the board of Speedy Hire announced yesterday that " It is intended that any profit impact of Carillion's compulsory liquidation will be recorded as an exceptional non-underlying charge in the income statement for the year ending 31 March 2018." Bad debts are foreseeable for every trading company, and bad debts are incurred in the ordinary course of business. It is "exceptional" because it is large but it should be classified as "within the underlying charge" not outside it. How can Speedy Hire massage its figures to misrepresent them to investors? The board is deceiving themselves as well as outsiders. I bet it will treat the exceptional item differently if it were a credit instead of a debit. If all companies, including banks and financial services companies, charge bad debts as exceptional and non-underlying they are making a mockery of accounting standards. Speedy Hire is going back to the bad old days of bending accounting rules and reporting.
rounder2: For anybody that's interested here's my take on what's happened today , in a nutshell : Ultimately the doom merchants are not giving the management at Speedy due credit 1. Any higher value kit is fully insured , one way or the other 2. The debt is much less than it used to be circa 3-4million as we stand today 3. The contract didn't return much profit 4. The debt WASN'T insured ( cost prohibitive ) but it has been tightly managed 5. Carillion will have to continue to trade and SDY will up its prices accordingly and get some / most of the money back 6. Carillion was circa 3-4 % of SDY's overall annual turnover which isn't the end of the world and will no doubt be replaced with other , better paying work , over time . 7. The share price move down today is NOT institutional investors bailing , it's PI's who are more susceptible to shocks of this kind and triggered stop losses on derivative CFD's being hit 8. SDY will fairly quickly release a relatively reassuring statement to put market jitters at ease , institutional buyers will return " in force " 9. A couple weeks from now , concurrent to the early Feb trading update , this will all pretty much be forgotten and the share price will revert to " pre shock " levels For what it's worth
my retirement fund: Prokarface you clearly don't know the building trade do you, read the RNS it's in administration. No one's going to get paid. Even the banks and debt investors are going to have to work overtime to get anything back.You honestly believe hundreds of white van man's and their subbies are going to down tools and leave the job with nothing?Serial numbers on most of this plant can be removed in seconds with an angle grinder. Only the big stuff like JCBs will have trackers in them.However I would imagine thousands of items from generators to lighting and from diamond cutters to acroprops are simply never going to be returned now.
ADVFN Advertorial
Your Recent History
Speedy Hir..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210125 04:33:39