Speedy Hire Share Discussion Threads

[aberdare] 01/7/2015 07:47

look back to 27/01/2014 when they announced this Mark Rogerson was going to the new CEO THE CALIBRE OF THE GUY They must live in dreamland. He has presided over a company that should be flying and mess it up like this Some Calibre

[celeritas] 01/7/2015 07:24

Not a holder here but I do check these. Ouch.

Non of this was flagged up at the last lot of results in May

Commenting on the results, Jan Åstrand, Chairman, said:

"I am delighted to report on a year of significant progress at Speedy. It is particularly pleasing that, despite all the challenges the Company has had to face, we have today reported a strong set of results.

"Shortly after he was appointed CEO, Mark Rogerson set out a clear plan to return the Group to health and build sustainable profit growth. Mark and his new leadership team have made significant progress, and whilst there is much to do, there is further opportunity to improve the business.

"In the Middle East, having completed the exit from general and spot hire ahead of schedule, discussions are underway regarding the disposal of the oil and gas services operations, our last remaining asset in the region.

"We can now turn our focus to developing the business in the UK where there are major opportunities ahead through further professionalising our sales and marketing activity supported by improvements in cost management and asset utilisation.

"We are, once again, in a position to deliver sustainable profit growth and our confidence for the future is underpinned by an increase in the recommended final dividend."

[spob] 01/7/2015 07:06

Oh dear, I thought this market was booming


A growth stock with no growth

Who would have thought

[junglee] 01/7/2015 06:42

Opportune time for Ashtead to pounce.

[american idiot] 01/7/2015 06:20

60p today - Potentially 50p even.

[american idiot] 01/7/2015 06:20

Aweful trade update....

Whilst core hire trading across strategic accounts remains strong, without an improvement in revenue trend, and ahead of any delivery of the remedial programmes, the result for FY2016 will be materially below the Board's expectations for FY2016 and the reported result for FY2015.

Further to our recent announcements regarding the sale of the remaining Oil & Gas business in the Middle East, discussions with the third party concerned have not reached a satisfactory conclusion and have been discontinued. The Board continues to explore and evaluate options for this business which, as previously advised, is operating at a break even position.

No wonder the CEO has gone.

[bertie bee2] 01/7/2015 06:20

Helpful RNS. A failure of management and strategy. Only hope is that they are taken over at a premium.

[boyblue] 15/5/2015 14:55

Thanks for the link.

I only had the paper copy of the Times Report.

Now a well managed company

Nice rise today

[46maxon] 14/5/2015 13:18

boyblue,
go to mail-on-line, business section!

[boldtrader] 11/5/2015 17:13

boyblue can you post the link,thanks.

[boyblue] 10/5/2015 20:02

Tipped in the Sunday Times

[yewtrees] 24/2/2015 14:38

www.speedyservices.com
worth a look

[mike740] 23/2/2015 09:10

SDY, gapped up this morning after weekend newspaper tip. 80p first target and looking at the momentum pretty sharply.

[yewtrees] 23/2/2015 08:21

Let us hope Speedy can recover like Ashtead has. Mark Rogerson has a good background coming from the construction industry.

[cricklewood] 22/2/2015 12:06

MIDAS SHARE TIPS: Speedy Hire has the tools to stage rapid recovery under new boss after Middle East accounting fiasco

Read more:

[46maxon] 16/2/2015 16:20

Speedy Hire Plc (LON:SDY)‘s stock had its “buy” rating reaffirmed by stock analysts at Investec in a report issued on Friday. They currently have a GBX 100 ($1.54) price target on the stock. Investec’s price target would suggest a potential upside of 42.86% from the stock’s previous close.

Speedy Hire Plc (LON:SDY) opened at 70.00 on Friday. Speedy Hire Plc has a one year low of GBX 50.75 and a one year high of GBX 83.00. The stock’s 50-day moving average is GBX 74.37 and its 200-day moving average is GBX 67.77. The company’s market cap is £359.2 million.

A number of other firms have also recently commented on SDY. Analysts at Liberum Capital reiterated a “buy” rating and set a GBX 79 ($1.22) price target on shares of Speedy Hire Plc in a research note on Wednesday, February 11th. Separately, analysts at Shore Capital reiterated a “buy” rating on shares of Speedy Hire Plc in a research note on Friday, January 9th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 69.29 ($1.07).

[toogood] 16/12/2014 13:50

Small amount of action here today?

[napoleon 14th] 11/11/2014 13:44

Nice set of numbers at first sight,
tho' the frequent mention of "before amortisation & exceptional costs"
regarding ebitda, PBT & eps does mitigate the enthusiasm.

Target of 79p not Worth waiting for by the looks of today's share price

[nigelmoat] 17/10/2014 05:47

Liberum retains it's 'buy' recommendation and target price of 79p following yesterday's trading update.

[cockneyrebel] 16/10/2014 09:36

0932 GMT [Dow Jones]--Panmure Gordon lowers its recommendation on Speedy Hire (SDY.LN) to hold, from buy, after a good run in the company's share price in recent months. The broker says Speedy's update this morning suggests a solid first half in overall terms and good progress in U.K. operations, albeit dragged back by International operations. Panmure maintains its 67p target price. Shares flat at 63.75p. ([e-mail]) Contact us in London. [phone]

[nigelmoat] 15/10/2014 13:24

Trading announcement due here tomorrow. Should make good reading but in current market hard to predict which way the shares will go.

[aberdare] 13/10/2014 13:07

Hello pony ten stopped my membership last year. What target did they put on speedy

[ponyten] 13/10/2014 12:46

Indeed. Just goes to show how much I know!! Still confident the true value of these will be realised when (if!) the markets settle down.

[aberdare] 13/10/2014 07:58

That tip dis not do much good this am. To much negativity about