Speedy Hire Share Discussion Threads

[munchbowl] 21/10/2013 15:25

Costain do use speedy Balfour Beatty not so much

[aberdare] 21/10/2013 13:58

Rumbers. I think costain use speedy for there equipment so maybe not left out

[cricklewood] 21/10/2013 09:45

It had a sell on londons evening standard business page on Friday.

[investoree] 21/10/2013 09:42

Rumbers apologies for an off target conversation but another company like SDY that will hopefully benefit from the Nucleur plant proliferation is HAYT Hayward Tyler (itself one of the oldest established UK engineering companies) which I have held for many years pre its reverse take-over days. It was previously called NVR Nviro then became SEGR Specialist Energy Group before emerging in its current form. It is currently hovering just below its break-out level which if it goes could bode well for the future. I may ask Fingers if he could assess it from a charting point of view.

[rumbers2] 21/10/2013 08:31

I hope Speedy benefits from the Hinkley Point nucleur plant deal announced today. Its going to be 10 years in construction with £2bn immediately available for pre-construction stage costs. Balfour Beatty and Costain have already been awarded contracts. Speedy so far left out of the frame.
Speedy have actively targeted the nucleur market in recent years (mostly decommissing work) and have good form in this area of expertise. We need a welcome shot in the arm at this time following last week's rather sombre trading update.

[boonboon] 17/10/2013 10:21

aren't they still actively closing stores? This should have no affect on large contracts, but vcould have an effect on small local businesses who would now have to drive further. Costs are likkly to be a lot lower because of this. so imo you shouldn't take revnues in isolation without looking at costs/margin.

Also International operations should soon be self sustaining at these growth levels and it is high margin business.

[rumbers2] 17/10/2013 10:10

im talking revenues, not share price. Sp has been fantastic. Tripled my investment here so more than fantastic.

[doodlebug4] 17/10/2013 10:02

"Floundering" ? Please have a look at the chart above and remind yourself where the share price was July to October last year!

[boonboon] 17/10/2013 09:45

it's hardly floundering.

[rumbers2] 17/10/2013 09:40

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 09:31

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 09:28

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 09:24

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 07:45

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 07:26

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

[mr_bluesky] 17/10/2013 07:06

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 06:57

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 06:54

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 06:30

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 06:14

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 06:13

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 06:09

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 06:02

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 10:33

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 07:52

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.