Speedy Hire Share Discussion Threads

[cockneyrebel] 25/11/2015 09:30

HSS today:

"After the variability seen in July and August, trading conditions were more stable in September "

An improvement in the sector here out?

CR

[cockneyrebel] 23/11/2015 16:05

Some chunky trades today.

CR

[toby tots] 11/11/2015 09:28

Tipped in the Times today!

[hybrasil] 04/11/2015 19:56

Well I'm a buyer at 25p

[pugugly] 04/11/2015 17:02

Continuing to slide - Closed at 28/28.75. Looks as though Mr Market may have the same gut feel as bobsisian. Market cap some £150million and last estimate I can find is from Peel Hunt (30/9/15) for £5 million profit for 2016 and £13 million for 2017 Also statement of 28 Sept advised 2nd half weighted (very often shorthand for we havnt a clue but with a lot of luck) but not saying that it is here - more digging needed,

Any thoughts as to likely level and further %age drop ?

[bobsidian] 30/10/2015 21:46

Market forces seem to be anticipating something more than just poor interim results. Perhaps a pre-emptive capital raising exercise to forestall problems with its lenders.

Extraordinary underperformance given the supposed buoyancy at least of its UK end market.

The share price has been at these lowly levels before. Will there be an equally turbo charged share price recovery this time round ?

[paulypilot] 02/10/2015 00:14

Hi CR,Good to see you here. I bought some SDY today at 36p, as the Bal Sheet strength is now protecting the downside in my view.The company seems somewhat shambolic, but I was impressed with how the most recent pr warn had surprisingly little impact on the shares - they should have dropped 30%, on a bad warning, but only fell 14%. That says to me that the bad news is now probably mostly in the price, but recovery has not yet been factored in.Above all, SDY has a really good Bal Sheet, so that gives downside protection, and also makes risk reward positive in my view, if you are prepared to ride out any further falls.It's not a share that I will buy heavily, but I am happy to have a dabble at this level. Am avoiding HSS due to car crash Bal Sheet.Regards, Paul.

[mortimer7] 30/9/2015 14:50

Director buy - 70k shares

[simon templar qc] 28/9/2015 08:32

Global economies getting worse not better construction and consumer spend may worsen not improve, the question investors need to ask is will cost savings be enough to prevent any further deterioration in sales?

[smithie6] 28/9/2015 08:12

Im with salpara

"..clearly one hell of a mess"

-----

...more to this imho

- More engineering ??....at a hire equipt co. ??
- Moving hire kit....they put in an RNS ??

Crystal ball at fulltimeinvestors.com
Guesses that
They speak with fork tongue

And reality includes loss and/or end of contracts


Clearly they DO NOT expect bounce back since laid off staff...

Via share price chart imho some ppl knew already !!

For me, if they cant find a competent MD in recent years then too much risk for me, operationally geared....suffer badly if turnover falls.

Spent loads money....to generate fall in turnover and layoffs....you couldnt make it up !!

[smithie6] 28/9/2015 08:01

..not holding..but

Sad to say that at 80-90% of uk listed cos
It looks like dirs. get rich if share price rises
While they loose almost nothing if share price crashes

And many appear clueless

Needs to be changed

But wont since City and bods are dodgy....

[american idiot] 28/9/2015 07:18

4784 - Yeah, agree, kinda - Providing they execute their remedial actions successfully.

Trading below NAV now.

I'm a buyer here.

[salpara111] 28/9/2015 07:15

10% is a hell of a big drop in turnover for such an operationally geared business.
HSS guided last week that they were due to meet their reduced expectations.
Mostly self inflicted wounds here but the bottom line is that it will take some time to sort out what is clearly one hell of a mess.

[solarno lopez] 28/9/2015 07:15

This is what they said about 2 years ago ....we know what we haver to do ...and still got it wrong

[cockneyrebel] 28/9/2015 07:12

Isn't this the focus now rather than this year's profits?

"The benefits from these actions will be realised from the second half of the year onwards. Overhead costs across FY2016 are expected to be c.GBP13m lower than the prior year. Approximately GBP10m of this saving will be realised in the UK and Ireland business, of which c.GBP6m relates to people costs.
In the Middle East the business continues to break even at an operating profit level, with further opportunities for revenue and margin growth.
Net debt at 30 September 2015 is expected to be at a similar level to September 2014 (GBP104.4m). The Group is operating well within its banking facilities of GBP180m, which expire in September 2019. "

Takes 9 months to a year to see tangible benefits from a new board but the stock price reacts well before imo.

CR

[cockneyrebel] 28/9/2015 07:05

Bad news in the price after the open I suspect.

New CEO and at least they now know what they are doing and actually doing it.

Suspect this mornings dip will be a low and then get bought as the last stale bulls and traders jump.

All imo.

CR

[american idiot] 28/9/2015 07:02

There it is....

The 2nd profit warning. No surprise whatsoever

Accordingly the Board anticipates that profitability will be weighted towards the second half of the year and materially below current market expectations.

[cockneyrebel] 25/9/2015 09:46

Double bottom here?

Bouncing on high vol large trades

Trading update next week.

All imo

CR

[mortimer7] 20/9/2015 16:48

From 1st July update:- news is due in next few days....
Jan Åstrand commented: "Improving performance is our top priority. We expect to be able to provide an update when we issue our H1 FY2016 pre close statement which will be in the last week of September."

[salpara111] 14/9/2015 12:40

I noticed that as well, we truly are a service economy!
I guess I get a rather distorted view living in central London which feels like one giant building site at present.

[simon templar qc] 12/9/2015 21:24

Construction figures worse for 2 years, just a thought.

[finess] 11/9/2015 16:30

@Salp

To understand that you would need to see a set of accounts and the borrowings.

SDY borrowed to acquire and I understand that business is doing OK but can it service the debt. IMHO