Share Name Share Symbol Market Type Share ISIN Share Description
Speedy Hire Plc LSE:SDY London Ordinary Share GB0000163088 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.10 0.16% 64.40 64.60 64.90 64.90 63.60 64.10 540,677 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 363.6 12.3 1.8 35.4 340

Speedy Hire Share Discussion Threads

Showing 5126 to 5143 of 5525 messages
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aim-master thanks - As a matter of interest how do you rate the quality of the research notes on research-tree £40 per month ? However many of the suppliers listed are very small brokers/paid research houses so quality ??
Very quiet - being ignored in the rout of house builders/construction/ and builders merchants - WHY ?? If it follows the market might be looking for another 20% fall (imo). Any thoughts as to why SDY is holding up during the BREXIT inspired fall of others in the sector ??
To me, SDY looks like a buy now. A recovery stock in play. Just thinking / hoping for a small dip in the shareprice heading into the Brexit vote. Markets are bound to be volatile in the run up and no immediate rush to buy here is there. I think we will see 36p here so that is my target to buy :-) (Was a dirty great 200k bid placed on 39p today on Level 2 so hopefully it'll read my post and move down to 36p lol)
american idiot
I'm not a chartist but it looks like we are approaching a 'Golden Cross' late this week/early next, with both the MA20 & MA50 crossing over the MA200 for the first time in ages (currently 37.88p). Whether it actually means anything or not is debatable, but psychologically it is bound to increase the growing bullish sentiment.
From Chronic Investor: Speedy Hire recovery will take time It's going to be a long road back to recovery for tool hire group Speedy Hire (SDY), but chief executive Russell Down - who took the reins last July - says the bulk of the restructuring is complete. That restructuring led to £59.9m in exceptional costs last year, including a £45.9m goodwill impairment charge, and largely explains the crash in reported pre-tax profits. Even on an adjusted basis, which excludes amortisation and exceptional items, pre-tax profits still plunged 77.2 per cent to just £5m, reflecting lower revenues. However, Mr Down is staying positive. He said revenue trends improved towards the end of the financial year, and net debt and cash flow were better than expected. This was down to some serious overhaul measures, including cutting overheads, improving IT systems and tightening operational management structures. On the international side, Mr Down said the overseas business would be retained for now, having moved back into the black last year. Numbers are under review, but analysts at Panmure Gordon don't expect much change to their forecasts for pre-tax profits of £9.1m for the year ending March 2017, giving EPS of 1.4p. That compares to £5m and 0.8p for FY2016. ORD PRICE: 39p MARKET VALUE: £204m TOUCH: 39-39.25p 12-MONTH HIGH: 77p LOW: 28p DIVIDEND YIELD: 1.8% PE RATIO: na NET ASSET VALUE: 34p NET DEBT: 58% IC VIEW: This might be as bad as it gets for Speedy Hire, but it's our view that the first-quarter results from FY2017 will be crucial in showing Mr Down's progress. Until then, with the stock trading on 28 times forward earnings, we’d say any future recovery potential appears entirely priced in. Hold. Last IC view: Hold, 32p, 10 November 2015
napoleon 14th
It's in the price, viewed as recovery from here, final quarter was evidence of that.
I just don't get the stock market at all. When companies such as VTU release better than expected results with solid historic growth and a solid business plan and shares drop, how on earth are we seeing gains here after such a dire performance?
The real concern is, if they couldn't bring this around on a year where the weather has been awful and floods everywhere would have boosted their sales...will they be able this year? I surely hope so.
Accounts as clear as ditchwater (imo) The £10.9 million in para 2 below (bad debt and credit note) is not (so far as I can see) fully included in Note 3 to the accounts - See my 3* below. Nor does it seem to accounted for in a provision against Revenue or profit - HELP What am I missing ! 1. "Exceptional items totalled GBP59.9m (2015: GBP17.1m). These comprise the previously announced impairment of GBP45.9m of goodwill, GBP7.7m of restructuring costs, GBP5.5m of bad debt provisions in relation to a Middle East debtor and GBP0.8m relating to losses on disposals of assets in the Middle East" 2. BUT elsewhere it is stated that "Bad debt and credit note provisions totaled GBP10.9m at 31 March 2016 (2015: GBP6.3m), equivalent to 12.7% of the debtor book (2015: 5.7%). The increase in total provisions reflects the specific exceptional provision discussed in note 3. " but in note 3 it states that 3 Exceptional items For the year ended 31 March 2016 During the period, exceptional administrative costs of GBP59.9m have been incurred. The business has made an impairment provision against the carrying value of goodwill, finalised the roll out of its new network structure and fundamentally restructured its operations. In addition, a provision has been recorded in relation to proceeds recognised in the year to 31 March 2015 on the disposal of International assets which have not yet been received. (3*) A provision of GBP45.9 million has been made against the Group's goodwill following a review of the carrying value as part of the annual impairment testing process. Trading performance during the year has resulted in the Group revising its assumptions regarding future activity levels. This has resulted in revised forecasts of cash flows arising in cash-generating units. An impairment loss has been calculated on a value-in-use basis. Exceptional costs of GBP3.5m were incurred in the period as the programme to reconfigure the depot network was finalised. These costs include provisions for onerous leases which remain as a result of the changes and costs relating to implementing the change programme. Costs relating to changing the management structure totalled GBP4.2m including redundancy costs and related expenditure. Further costs have been incurred in exiting the International general and spot hire markets relating to disposals and professional fees, amounting to GBP0.8m. The Group has made a provision of GBP5.5m against outstanding debts relating to international assets disposals following default by the purchaser on outstanding payments. For the year ended 31 March 2015 During the prior year, exceptional administrative costs were incurred as the business rolled out a new network structure, changed management and restructured the International operations. Exceptional costs of GBP6.4m were incurred as the programme to reconfigure the depot network continued. These costs included provisions for onerous leases which remained as a result of the changes and costs related to implementing the change programme. Notes to the Financial Statements (continued) 3 Exceptional items (continued) For the year ended 31 March 2015 (continued) Costs relating to changing management totalled GBP2.2m, including redundancy costs and related expenditure incurred in the International division. A further GBP2.0m was incurred in respect of professional and legal costs associated with disposal activity. In addition, a further GBP6.2m was incurred in respect of losses on the disposal of assets in the International division, related to the withdrawal from the General and Spot Hire markets. Exceptional financial expenses of GBP0.3m related to costs incurred in cancelling debt facilities.
Read Panmure Gordon & Co's note on SPEEDY HIRE PLC (SDY), out this morning, by visiting hxxps://www.research-tree.com/company/GB0000163088 "Speedy Hire had a challenging FY16. As previously flagged, sales have been impacted by the ill-advised strategies of the previous management team. However, the problems are being addressed, with greater focus and cost discipline being re-introduced. Q4 sales were up sequentially from Q3, providing some comfort that the problems are being fixed. We suspect the new management team will increasingly be put under pressure to consider M&A opportunities, providing further support for the share price..."
Speedy crashes £58m into the red
Reassuringly boring! Better than LAKE who are still "kitchen sinking" IMO..
napoleon 14th
results Tues 17th May
results should be here next week, although there appears little or no weight on the share price at the moment probably best to wait and see them first before getting on board imo
I note Tosca Fund have been buying both HSS and Speedy Hire shares over the last few days. They now own over 16% of HSS and 19% of Speedy. It wouldn't surprise me to see another RNS issued next Tuesday taking them over 20%.
If recovery was on track why didn't the CEO even have a quote on the rns and no mention of turnaround? I worry there's a profit warning looming here. Hope I'm wrong and goes back to where it was last year.
Some nice big buys going through, I'm waiting 5 more weeks to find out on results day how the recovery is going, I'm bullish ATB R2
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