Speedy Hire Share Discussion Threads

[rumbers2] 15/1/2018 09:44

Also it may give Speedy the opportunity to retender at higher margin too . Carillion was a life-sucking jinx to the industry and i think after the initial shock many will be privately celebrating its demise. I

[cc2014] 15/1/2018 09:41

If CLLN are really SDY's biggest customer a 10% fall is just the start. Maybe they have credit insurance, maybe not, but either way the kit is going to go missing.

The kit is un-insurable Rounder. When it goes missing the customer pays for it in full

[rounder2] 15/1/2018 09:33

Would it not make sense for a hire company to insure its kit " in the field " against damage / theft ? At the same time one would reasonably expect the management at SDY to have kept a rather tight rein ( whilst nevertheless outwardly showing support for one of their larger corporate clients ) on the credit terms extended to a customer who was obviously struggling ? Its a knock , no doubt , its lost revenue going forward and therefore profits but a bit of a storm in a teacup methinks !! BUYING opportunity

[brummy_git] 15/1/2018 09:22

I understand from the trade that Carillion may have been Speedy hire's biggest UK customer. What that means though in terms of pounds, shillings and pence is anyone's guess.

[my retirement fund] 15/1/2018 09:17

HICL and many others have made public statements in the last several weeks about what theve done to derisk a Carrilion bankruptcy. What have Speedy done or said ?

[my retirement fund] 15/1/2018 09:10

Prokarface you clearly don't know the building trade do you, read the RNS it's in administration. No one's going to get paid. Even the banks and debt investors are going to have to work overtime to get anything back.You honestly believe hundreds of white van man's and their subbies are going to down tools and leave the job with nothing?Serial numbers on most of this plant can be removed in seconds with an angle grinder. Only the big stuff like JCBs will have trackers in them.However I would imagine thousands of items from generators to lighting and from diamond cutters to acroprops are simply never going to be returned now.

[cc2014] 15/1/2018 08:40

Interesting.

CLLN had to be getting supplies from somewhere and AHT and TPK haven't reacted at all to the news.

Who knows. I don't have enough information to place a trade either way

[prokartace] 15/1/2018 08:40

You really think that MRF? Surely that is a crimianl offence and surely all the equipment has serial numbers and company logos on it. It may take time to recover but I dont think contractors would risk prosecution

[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.