Speedy Hire Share Discussion Threads

[my retirement fund] 15/1/2018 08:23

Probably I the order of 5 million as a guess, apparently many suppliers have not been paid for months.Worse for Speedy is while it's in liquidation half it's plant out in the field is likely to go AWOL as small contractors take what they can in the fallout. Speedy simply don't have the manpower to deal with this. Many sites are going to become like the wild west until contracts have been handed over to new bidders.As for HSS this may also put them into administration imo.

[american idiot] 15/1/2018 08:11

Shareprice reacting negatively as expected due to the fallout from Carillion.

Wonder how much Carillion owed Speedy ?

[brummy_git] 13/1/2018 12:20

Anybody know what exposure Speedy has to Carillion? I noticed in their 2017 AR they won a £45 million contract with these guys last year.

[derwent4] 04/1/2018 19:45

if all these big trades were sells why did they pay above the bid price
very strange.does anyone know what n/a means

[derwent4] 19/12/2017 18:35

just has I thought Tosca now out cant see credit Suisse on the shareholder list either
but another institutional investor in yesterday standard life. wont take long for others to come in too. well done Russell and jos got rid of the bully boys

[firtashia] 19/12/2017 13:41

..... prefer Walton's "Spitfire" :-) Agree with derwent's post 5059, somehow get the feeling those 2 IIs were holding the share price back.

[rumbers2] 19/12/2017 11:39

..And we're off! Play Vaughan-Williams 'The Lark Ascending' as we soar.
It's got to break well clear of that dogged 57p resistance/support line for me to be really confident.

[derwent4] 15/12/2017 19:30

credit Suisse and toscafund owned 6% and 8% between them which equates to the 69 million shares sold no rns because they were both under 10% also noted today no big sells just normal trading till 4.30 hopefully I am right and the directors can get on with the job of getting good value for us all .hope you all have a good xmas and prosperous new year d4

[derwent4] 14/12/2017 17:20

lets hope they are now out and the share price can move forward instead of being
manipulated

[rounder2] 14/12/2017 12:05

Lol . There they go .........

[thorpematt] 10/12/2017 12:49

Ref: Those recent acquistions. I note the management discussed EBITDA.

Does anyone havae a view on the D part of that. Surely EBITDA is pointless in the case of a hire company? Depreciation on platform lifts has gotta be pretty high right?

How much EBITDA converts to PBT in the usual case for SDY? and does the life cycle of newly acquired assets match it or increase / decrease it?


Also: Does the management here ever refer to market guidance or does it always refer to "board expectations".

These are genuine questions from a potential investor but I have concerns over the management communications which I cannpt quite get over at this point. Does anyone here have any experience of contact directly?

[rumbers2] 03/12/2017 11:57

Thanks derwent i noted the IMO RNS came out exactly same time as SDY's on Friday after close.
It appears contributors on the IMO thread are glad to be shot of Toscafund. The Telegraph article blames them for holding back the share price and expects it to rise now the Tosca overhang has been cleared.In their case however two brokers were quick to take up the slack when they sold their first tranche in early November.
I do hope SDY's major shareholders show similar support and we get several RNS releases this week confirming substantial increases in their holdings.

[derwent4] 03/12/2017 09:45

toscafund also cut its stake in imimobile by 90% on friday

[derwent4] 01/12/2017 21:26

hi numbers yes we might be in for an exiting and frightening ride but if it does go down maybe 10 /15% what an opportunity to buy into on a company which is fundamentaly sound. agree entirely with American idiot that we are better on our own

[rumbers2] 01/12/2017 21:05

That's one hell of a lot of shares to mop up derwent- unless buyers have already been found. The spectre of Tosca ditching 60 million and Credit Suisse 30 million shares all in a couple of days fills me with alarm that the share price might take us on a white-knuckle ride come Monday.

[derwent4] 01/12/2017 20:48

well someone bought a shedload on Thursday after the death maybe shroders are coming in for more.expect a load of trades come Monday gonna be interesting.

[rumbers2] 01/12/2017 18:01

Thanks rounder for the swift response. I can only speculate blindly what's been going on in the boardroom behind the scenes here. Irreconcilable differences leading to a locking of horns between management and Martin Hughes/David Shearer perhaps?

[rounder2] 01/12/2017 17:40

December, 2017 | 5:06PM
 
 
 



LONDON (Alliance News) - Speedy Hire PLC said on Friday Toscafund Asset Management PLC more than halved its stake in the equipment rental hire company in a transaction on Thursday as Credit Suisse AG also reduced its position the same day.
After the transaction, Toscafund held 43.1 million shares which is equivalent to a 8.2% holding in the company.
Prior to the transaction, Toscafund had held a 20.0% stake in the firm.
Also on Thursday, Swiss banking giant Credit Suisse cut its holding in Speedy Hire below the notifiable threshold after building up a 10.0% stake on Wednesday.
Credit Suisse bulked up its stake in Speedy Hire on Wednesday to 10.0% from 7.6% previously through an expansion in its holding of swaps in the company. However, on Thursday it sold down its stake to the point at which it was no longer notifiable.
No further details regarding Credit Suisse's holding after the Thursday transaction were disclosed.
In mid-November, Speedy Hire hiked its interim dividend more than 50% after reporting half year pretax profit widened 11% to GBP6.0 million from GBP5.4 million the year prior.
Shares in Speedy Hire closed 2.6% lower at 56.00 pence on Friday.
By Ahren Lester; [e-mail].
Copyright 2017 Alliance News Limited. All Rights Reserved.

[derwent4] 01/12/2017 16:56

LOOKS LIKE CREDIIT SUISSE ARE BUYING AND TOSCA SELLING

[gary38] 30/11/2017 17:47

14,492,272 buy 17.01

[derwent4] 29/11/2017 17:56

just a thought now sdy taking off and hss now starting to do the business perhaps it would be a good time to merge

[rumbers2] 29/11/2017 11:21

Despite the gloom and doom of some recent posts N+1 Singer sees continuing earnings momentum with the recent acquisitions and have upgraded their FY18 and 19 EPS forecasts by 84% and 59% respectively. Target price raised today from 63p to 68p.