Speedy Hire Share Discussion Threads

[jas0701] 11/4/2016 23:12

Any idea, anyone, what's going on with this one. Seems to be going down every day.

[jas0701] 05/4/2016 09:52

Who's wasting their money, selling 2 shares at time.

[rumbers2] 02/4/2016 11:18

Held on to my shares during Thursday's helter skelter ride, even adding another 25k at 36.5p but admit bagging the profit on those yesterday when the share price retraced. Still have my core holding though.
Peel Hunt put out a sell recommendation but interestingly Panmure Gordon analyst said writing off the goodwill had drawn a definitive line in the sand for investors with the future outlook now more positive. Their target price..70p!!!

[hippo] 02/4/2016 08:32

Smells to me .......merger is on....

[praipus] 31/3/2016 17:26

Fantastic update £45m wiped off intangibles! This should tell potential share holders and customers they are dealing with a stable financially robust business. A board that can integrate a new businesses so well that it can write off good will!!!!!!

Serious investors and institutions add now I suspect.

Good news well done SDY.

[my retirement fund] 31/3/2016 08:40

There is no turnaround but they have given an update strategic review writing of goodwill so effectively the NAV has 45 million wiped off of it in an instant.Their bankers wont like that, the fact shareholders dont like it is immaterial. The question is was it enough. Its big brother HSS needs to do similar and will struggle to avoid negative value and insolvency imo.

[blondeamon] 31/3/2016 08:20

I'm out, I don't like the the fact that the RNS is missing

1) A progress statement for the turnaround
2) A comment from the CEO

Everybody is waiting for progress on the turnaround and if I don't hear anything about that when the CEO was so vocal about it in November, then I expect that there's something wrong.

Hope I'm mistaken and May results prove this to be a very good hold, I'd be happy and might re enter.

[salpara111] 31/3/2016 08:18

Well, I was waiting for that update but wont be investing.
A very cautious statement.
I had hoped that given their recent troubles were largely self inflicted they would be sorted out and as a result they would be able to say something much more positive.

[reallyrich] 31/3/2016 07:44

What a very poor trading update.

Not giving anything about current prospects.

P

[scapital] 31/3/2016 07:35

Not giving much away.

[oakville] 31/3/2016 07:20

Christ I could have written that !

[bertie bee2] 31/3/2016 07:17

Oh a very long time......

[blondeamon] 25/3/2016 11:15

2 trading days left until the Trading update on March 31.

Let's see how long it takes to take us back to 45p.

[roofer2] 21/3/2016 08:34

Blondeamon, railways and general construction sites UK wide! ATB

R2

[blondeamon] 18/3/2016 19:05

What sites are those roofer?

[roofer2] 18/3/2016 18:17

Not quite, I'm in today, we signed a deal today to use speedy on all our sites, fantastic deal, thought I'd buy a few as best deal we could get. Atb

R2

[rumbers2] 18/3/2016 16:22

All going along swimmingly so far daemon. Looks like we are the only two at the party!

[blondeamon] 16/3/2016 23:22

Agree regarding merger, that would be great news. SDY the much better balance sheet between the 2, also still a bargain price wise.

Are you sure about trading update? 31 March is last day of financial year, seems too soon to update. Website has it but could be a bug, as it also lists 31/3 as year end.

Brokers estimate 333m turnover this year, can SDY beat that? They didn't have a TU in Spring since 2013 when they beat so we'll know soon, I emailed the company to confirm date.

[rumbers2] 16/3/2016 22:19

Isn't an update due on 31st March? Their official website suggests so. I played this share uncannily well a few years ago riding it up from 28p to 75p and selling just a few weeks before it crashed in summer 2015.
I kept my powder dry for some months but jumped into HSS hire at 52p in November but lost my nerve in February selling at 75p, prematurely it seems now. But still a fantastic return on both investments so definitely a happy chappie!

It seems inevitable to me that there will be a merger between HSS and Speedy sooner rather than later so have taken a position here once again. I'd rebuy HSS but cant overcome that mental block about buying stock back at a higher price than what I sold.
If there is an update just after Easter, I hope the new management do not disappoint.

[blondeamon] 16/3/2016 20:34

Big volume today, more than half a million shares changed hands. That bot has been buying aggressively lately, a fund must be filling its boots before the May update.

£700m funds announced today for floods defences, SDY could stand to gain from it, on top of any extra sales during December/January.

DYOR

[blondeamon] 15/3/2016 23:30

Bot buying continues, maybe an RNS soon?

[blondeamon] 14/3/2016 19:10

A bot has been buying today, a fund is getting more probably.