Speedy Hire Share Discussion Threads

[rumbers2] 03/10/2017 14:44

A lot of volume going through at moment so something is afoot. I'm mildly confident share price will finally break free of 51p support where it's been bound since Dec.2016.
If so next destination 57p.

[merrimac] 19/9/2017 06:38

Seems to be a good update....

[derwent4] 12/9/2017 20:07

could be an upturn soon nice 5000000 buy after time tonight

[my retirement fund] 31/8/2017 07:15

Whilst you've got those idiots with a 20% holding telling Speedy to merge with the decrepit HSS then it inevitable that Speedy shares carry material risk.I see 45p

[rumbers2] 30/8/2017 09:28

Speedy Hire could make an opportunistic bid for HSS, analyst suggests

Neil Wilson, senior market analyst at ETX Capital said while Steve Ashmore (HSS Hire Chief Executive) is trying to turnaround the business, conditions remain challenging and investors are losing patience.

The analyst added that perhaps it may be time to revive talks for a merger with Speedy Hire, which has made a recovery following a troubled few years with pre-tax profit of £14.4mln last year on a 12% increase in revenues.

In its latest trading update Speedy said full-year results would be well ahead the previous year.

“Diverging fortunes could bring the two together after a failed attempt back in 2015,” said Wilson. “An opportunistic bid could work, particularly with the market cap of HSS temptingly low.”

[davr0s] 30/8/2017 07:16

Market doesn't currently see it that way - share price lost all momentum this year that was shown at end of 2016. I'm out today on support break

[rumbers2] 30/8/2017 06:59

With a feeble set of results released from HSS Hire today, and Carillion facing financial ruin for cooking its books over many years, Speedy is now beginning to look like the fittest and most respected outfit on the block.

[rumbers2] 22/7/2017 14:44

Anybody's guess derwent. Some think the equity is close to being worthless.If shorters batter this down to new lows plans for any RI will be dead-in-the-water as the number of new shares issued will have to be astronomical.
If the company goes to the wall and into administration there might be rich pickings to be had mopping up contracts from the fallout. But I'm not sure how that procedure works in practice.

[derwent4] 22/7/2017 09:38

hi numbers I wonder how the troubles at carrillion will us

[derwent4] 04/7/2017 20:40

YES NUMBERS THEY ALSO LIKE HSS .LOOKS LIKE TOSCA AQUIRED ANOTHER 3 MILLION
LOOKING GOOD HERE.

[rumbers2] 04/7/2017 14:50

From today's Motley Fool:

Speedy Hire is forecast to report earnings growth of 28% in the current year, followed by further growth of 23% next year. This means it has a PEG ratio of only 0.7, which suggests its shares are relatively cheap at the present time.

Having such a wide margin of safety appears to be a requirement for new investors in the company. After all, its track record of growth has been rather volatile. In the last five years its profitability has swung significantly, which means there may be a higher chance of downgrades to its earnings outlook. Therefore, a wide margin of safety provided by a low valuation could allow for substantial capital growth in the long run - even if the company's performance fails to meet expectations.

As well as its growth appeal, Speedy Hire also offers a fast-growing dividend. Payouts are expected to rise by 44% over the next two years, while still being covered 2.7 times by profit. As such, even with a relatively low yield of 2.5%, the stock could have income appeal.

[derwent4] 30/6/2017 15:53

or could they have lent them to the brokers as they are running short of stock to sell

[derwent4] 30/6/2017 09:39

looks like scroders have sold about 600000

[gersemi] 23/6/2017 11:19

my pleasure

g

[rumbers2] 23/6/2017 09:43

What a stalwart chap you are gersemi! May good fortune shine on you this weekend.

[derwent4] 23/6/2017 08:58

thought so but I don't think so.I work in the lifting Gear trade and the guys from lloyds british are very positive

[derwent4] 22/6/2017 19:57

hi gersemi what does awry mean

[gersemi] 22/6/2017 17:30

Tipped in the IC for Friday: Rest is copyright I'm afraid

Speedy Hire looks ready to grow

By Tom Dines,

Speedy Hire has the potential to build on its recent recovery and an activist investor is waiting in the wings should things go awry'

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[value king] 14/6/2017 11:23

Nice to see the FD buying 71k this morning :-]

[davr0s] 31/5/2017 18:09

Breaking new highs on decent volume - nothing to worry about here

[derwent4] 31/5/2017 17:38

ps when ate the directors able to purchase more shares

[thechainman] 31/5/2017 15:43

any thoughts on the amount of trades 2day