Speedy Hire Share Discussion Threads

[boonboon] 17/10/2013 10:45

it's hardly floundering.

[rumbers2] 17/10/2013 10:40

Nearly every trade at 62p-64p this morning was a sell. I bet they are regretting it now. I was aching to have the funds to buy. Now its steadied with the makings of a slow concerted rise.
Will look at LID later as im just off out. Im going boss-eyed looking at this screen all week.

[inntolife] 17/10/2013 10:31

I think it's not doing to badly this morning rumbers2, if you think how high our expectations where.

BTW of topic and you have a couple of minutes take a look at LID for me and let me know what you think?

PM me rather than clutter up this board :)

BTW I think the board on them is really really bad lots of people just slagging each other off :(

[bertie bee2] 17/10/2013 10:28

Agree with all that Rumbers. Starting to look like a flat company which needs new drive and direction if it is going to continue to grow. Makes me too think that this could be a leveraged buy out target. Nothing about debt in the update, though the market clearly now believes this is under control.

[rumbers2] 17/10/2013 10:24

what a turn around! Wished i had sold more at 68-71p to invest this morning at 63p. I made the same mistake as i did in July, invested to the hilt putting blind faith in the update being a positive one. Such a let down.
Market perception i feel towards Speedy is it's in danger of being left behind. It has another quarter or two to prove itself. My hope now is that results in November will begin to pick up on that positivity.
With Speedy floundering like this, my other thought is that a cash rich predator could pounce.

[tymedici] 17/10/2013 08:45

I wonder if this a fair reflection on the building industry over the past few months. I think it probably is, and its still a bit too soon to see the solid evidence of the Osborne 'economic miracle revival' which suddenly arrived on the scene, entirely unannounced, just nine short weeks ago.
The Conservatives need some good news to stand any chance of getting re-elected so I am hopeful that they can conjure something out of nothing, a la Anthony Barber.

Quite separately and more importantly, I am content with this share and the performance of the company to date.

[huntie2] 17/10/2013 08:26

top up time, I reckon....big overreaction to fairly neutral statement IMHO...

[mr_bluesky] 17/10/2013 08:06

Well the markets didn't like the up date.....it was a bit drab.

Thought I had made a mistake not topping up before the update was released,but has turned out to be a good move.

Its still a hold for me

Mr Bluesky

[rumbers2] 17/10/2013 07:57

Similar to last update in July when we dropped 3p. However Investic have just raised target price from 65p to 85p - as did Goldman Sachs two days ago.

[rodrod1] 17/10/2013 07:54

I see the statement as reassuring. SDY is ideally situated to prifit greatly from the construction upturn that is underway. As others have indicated, the benefits to turnover and profits for SDY will follow in the immediate future. This makes SDY a sound investment given its balance sheet etc.

[priteshpatel9] 17/10/2013 07:30

As long as new projects are given the go ahead in construction, it will feed through to the likes of Speedy. But it does take a while. From planning to actual build could take 12-18 months. Projects are on the up now so Speedy may not see the effect until next summer. Housing starts are on the up too so this trading statement is irrelevant IMO.Wait till next summer.

[inntolife] 17/10/2013 07:14

Well not going to set the world on fire with that are they. I think they might drift down from here a little because peoples expectations had got away from themselves. Having said that I'm still holding and are happy to do so, now I'm looking forward to the IMS on 12th so we can see the numbers from the Middle East.

The best bit IMHO in their statement is copied below:

"the Group continues to trade in line with the Board's expectations and remains well positioned to benefit from the future UK recoverysupported by a conservative balance sheet."

DYOR
GLA

[bertie bee2] 17/10/2013 07:13

Slightly surprising that the upturn in the construction sector is not feeding through to SDY, but there may be a lag. Good growth in the international division and Qatar could fly, but it remains a small-ish element of overall turnover. Agree this is a hold for the mid to long term. Neutral to negative effect on shareprice.

[boonboon] 17/10/2013 07:09

it doesn't sound like the best trading update, but these should be a great hold over the mid to long term.

[skinny] 17/10/2013 07:02

Speedy Hire Plc, the UK's largest provider of tools and equipment services, today issues a trading update ahead of the announcement on 12 November 2013, of its interim results for the six month period ending 30 September 2013.

Whilst UK market conditions remain challenging, the Group has had a satisfactory performance and is trading in line with management expectations. At a Group level, whilst H1 revenue decreased by 0.1% against the prior year period, Q2 saw an improving trading momentum with Q2 revenue increasing by 0.4%.

Whilst we are yet to see any material improvement in construction work, the UK and Ireland division continues to navigate through the economic challenges by focussing on active hire markets, service revenue streams, an increasing proportion of non-construction related activities and progressing with the depot network and logistics strategy. Although UK and Ireland revenue in Q1 fell by 2.6%, with the National Grid project now fully mobilised and new Q2 non-construction related contract wins (£4.2m in the Infrastructure sector and £6.5m in the Industrial sector) Q2 revenue decreased by only 1.6%, mitigating the overall fall for H1 to 2.1%.

The International division has once again made good progress with H1 revenues up 28.5% against the prior year period and mobilisation on key projects continuing to plan. During H1 we have also established a presence in Qatar to work with our teams in the MENA territories to capitalise on attractive opportunities in both the oil & gas sector and government-backed infrastructure initiatives across the region.

[dahhad] 16/10/2013 11:33

Hope today's slippage is not a bad sign for tomorrow's update! I already have had enough bad news this week withAIE!

[rodrod1] 16/10/2013 08:52

Thanks guys - I understand the gap concept better now. I only use pocket money to trade shares on charting information but it helps to concentrate my mind rather than having no financial interest lol.

[fingers xxd] 16/10/2013 00:58

Rodrod1,

.. Just to add to the comments of Master RSI

[master rsi] 15/10/2013 23:22

rodrod1

re - 75p resistance

You have said very clearly.....is there none in reality because of the Gap to be filled?

But it seems on the bounce back, after the sharp drop in 2009 there was something to make resistance at 74.95p.

Also to realise that nothing goes into a strait line so there are going to be many of those resistance before the GAP is filled.

[rodrod1] 15/10/2013 20:57

Master RSI - thanks for your charting comments. I also have been following Fingersxxd for years. It is great to have both yours and his thoughts. Do you see 75p as the next resistance point is there none in reality because of the Gap to be filled? many thanks.

[rumbers2] 15/10/2013 16:23

Research analysts at Goldman Sachs Group Inc. raised their target price on shares of Speedy Hire Plc (LON:SDY) from GBX 57p ($0.91) to GBX 80p ($1.28) in a report released on Tuesday, American Banking and Market News reports. The firm currently has a "neutral" rating on the stock. Goldman Sachs Group Inc.'s price target suggests a potential upside of 20.30% from the company's current price.

[mr_bluesky] 15/10/2013 16:22

That bodes very well for thursday getting a break out before results.


Mr Bluesky

[sofa surfer] 15/10/2013 15:25

but the 'breakout' is based on a low trading volume...

[rumbers2] 15/10/2013 15:14

Games up i've been rumbled! I have to admit i nipped in again at 70p.

[master rsi] 15/10/2013 15:14

Do not forget there is a large GAP to be filled