Speedy Hire Share Discussion Threads

[derwent4] 26/6/2020 17:00

see morgans took the money and run what a waste of time he was wonder what happened might have had a divi had it not been for him was there no due diligence with reason he seems to have took the blame

[rumbers2] 22/6/2020 10:31

Anybody's guess but i took 15% of my holding off the table this morning at 58.3p just in case. I've been trading the 53-57p range for a month or so but Friday's rise took me by surprise. I hope we get a bullish move tomorrow. but it can't be overlooked Speedy's purchase of Geason was a stupid blunder. Considering how they keep banging on about making sound bolt-on acquisitions when it was prudent to do so and then discover a £2.6 millon claim for overpayment is pending! Speedy can take this hit but at the same time as the Covid 19 crisis hitting profits as well? Speedy do make a habit of shooting themselves in the foot every few years.

[derwent4] 20/6/2020 13:31

which ways it gonna go Tuesday rumbers

[nw99] 08/6/2020 17:44

All good buy any dips

[baddeal] 08/6/2020 15:44

That's irrelevant. When a rental company losses 20% or revenue it losses significantly more of its profit. CFO wouldn't have been kicked out if there weren't big issues here

[nw99] 08/6/2020 10:57

Just reopened biz so that's why

[nw99] 08/6/2020 10:57

Solid typo

[nw99] 08/6/2020 10:57

Sold share price reaction

[baddeal] 08/6/2020 09:37

How is 17% down yoy going well?

[nw99] 08/6/2020 08:04

Written off rest of biz going well

[rumbers2] 08/6/2020 07:57

That was unexpected news this morning.Looks like Speedy were sold a pup with Geason not performing to expectations plus there's a separate expensive litigation pending also. The FD as a consequence has been given the boot .

[nw99] 06/6/2020 16:47

Boasts 270 Tier 1 contractors as customers

[humphries1] 12/5/2020 13:01

anyone know were D4 is

[derwent4] 09/4/2020 19:24

great news again rumbers back showing a big profit you hang on this will be big once we get covid over also behind the scenes hss doing ok with hospital work think they will do well results this month stay safe all d

[waikenchan] 28/3/2020 00:39

Sounds like quite an upbeat trading statement. Anybody like with more knowledge than me would to give an opinion on how sdy compares to Ashtead?

[derwent4] 17/3/2020 13:51

yes rumbers been doing the same but not till 2day.last year update 20th mar got a feeling divi will b cancelled just remember nothing lost or gained till we sell good luck derwen

[waikenchan] 17/3/2020 12:15

Jeezz not seen these levels since the GFC. I just worry about debt levels and leverage.... And not enough cash in the bank

[rumbers2] 17/3/2020 11:47

It's utter carnage out there and any tick up in price is being sold into. I thought 44.5p yesterday was the absolute bottom (supported last August) but today was proved wrong. I have been buying in the early 50's, yesterday at 45p and again this morning at 35-37p. We are expecting a trading update either tomorrow or next Wednesday which should be still positive. It would help if the directors made a confident gesture by buying shares too at these knock-down prices!

[46maxon] 27/2/2020 09:07

This surely must be a busy time for speedy. All pumps and generators hard at work dealing with water issues

[rumbers2] 21/2/2020 11:35

Spread now widened to 3.4p and 87.7p on the bid. It's flirting with that 87p level again. There is strength in the share price but will it break it? Don't know about any new acquisitions derwent. It's more important when they do happen they are both growth enhancing and bargain priced. ps. i'd be cautious about investing too much in HSS, they have a huge debt pile.It's less than it was after selling off part of the business but still far too high.

[derwent4] 19/2/2020 14:05

rumbers what's you're thoughts on an acquisition before finals got to do something with the spare cash