Speedy Hire Share Discussion Threads

[tgkg] 02/7/2019 08:20

Dividents on Thursday 2.5%. Thats pretty good

[derwent4] 12/5/2019 18:28

Results this week just hoping kier has not been to much of a problem

[derwent4] 19/3/2019 18:01

Lots of activity behind the scenes here looks like 55.20 is the support level hoping to get positive news next week probably 26 th

[fenners66] 13/12/2018 08:56

"Cash consideration paid on completion amounted to GBP9.0m with net cash assumed of GBP0.3m. Contingent consideration of up to GBP26.0m may be payable in cash based on a multiple of 3.25x EBITA, dependent on the combined performance of Geason and Speedy's training business in the three years post acquisition. "


So is that potentially £26m on top of the £9m ?

"Geason's unaudited accounts for the twelve months to 31 October 2018 reported revenue of GBP8.3m, EBITA of GBP1.7m and gross assets of GBP2.6m. "

GROSS ASSETS - so what were the NET assets ?

What about actual profit not EBITA ?

Last filed accounts I can find don't look much....

[rumbers2] 14/11/2018 10:19

Shares “materially undervalued” says broker

In a note to clients, analysts at City broker Liberum said the results provided evidence that the group was continuing “to deliver on its strategic aims”, adding that “improving asset utilisation and significant share gains with SME clients suggest an encouraging outlook”.

The broker also said that with the balance sheet providing “an additional source of optionality in the medium term”, the shares were “materially undervalued” and pegged the stock with a 74p price target, a 27% premium on the last close of 58.2p.

In early trading Wednesday, Speedy Hire shares were steady at 58.2p.

[derwent4] 12/11/2018 16:27

My guess on interim divi is .65 should no on wednesday

[rumbers2] 20/9/2018 11:34

Over 7 million buys this morning with the share price unmoved at 63p. I am expecting a bullish trading update next Tuesday - ahead of the half-year results in mid November.

[derwent4] 05/9/2018 10:29

update due in a week or two we need something positive to stop the slide hss fast catching the share price up.this has been going down since they announced the meeting for potential investors

[rumbers2] 20/7/2018 09:08

...especially if we get a few more brokers on board. Up to now the only vocal two singing our praises have been Peel Hunt and Investec. Today's meeting could hopefully change that.

[derwent4] 20/7/2018 08:36

after today's meeting we could well be terated

[derwent4] 20/7/2018 08:36

after today's meeting we could well be terated

[derwent4] 19/7/2018 07:54

it also looks like they have pulled back the revenue they lost with carrillion

[rumbers2] 19/7/2018 07:40

I wouldn't have thought so Derwent. Martin Hughes (Tosca) has since sold out of Speedy and no longer pulls Shearer's strings.
A nice increase in ROCE from 8.4% to 11.8% in last 12 months looks especially impressive.

[derwent4] 19/7/2018 07:27

yes tumblers news just out and new chairman wasnt he toscafund man can we expect almagamation with hss now hope not

[rumbers2] 18/7/2018 13:56

The trading update seems to have been delayed for some reason. Perhaps there is some special news to announce to coincide with the AGM tomorrow. Well we can live in hope!

[derwent4] 09/7/2018 20:36

standard life Aberdeen bought another shed load all looking good

[derwent4] 06/7/2018 16:51

a good week divi paid and still up think we are on the next stage to be rerated and maybe sn aquistion about have a good weekend all

[derwent4] 02/7/2018 08:15

ex divi date this Thursday so should rise further next couple of days

[investoree] 29/6/2018 11:15

rounder2 There has been massive buying today at present can sell 100K online at 62.52p and buy 15K @63p. Hopefully your price target is realistic and will be realised, all dependent on results!

[rounder2] 21/6/2018 14:52

Additionally I'm of the opinion that the analysts that cover this stock haven't got a great handle presently on likely earnings forecasts for the coming years , they have largely failed to appreciate the effect of recent efficiency gains and acquisitive growth , so I expect imminent upward re-ratings to support future share price gains

[rounder2] 21/6/2018 14:37

The price has broken upwards after a long period of relative inertia and uncertainty , it would stand to reason that there will be continued upside momentum , wider market and macro not withstanding . After a long period of waiting to be convinced by rhetoric , it would appear that more and more people are now beginning to believe . Next months update should be very good and numbers and figures are starting to confirm confidence long term . Recommendations in the Sunday Times helps of course . My price target remains 78/80 in the mid term and I'm still holding 1.2 million .

[investoree] 21/6/2018 11:54

Steady buying at SDY continues along with an improvement on the earlier breakout - lets hope this uptrend continues. I am a long term holder who has held on through thick and thin over many years and will probably trim back my substantial holding if the rise continues to circa 70p. Thoughts from other holders appreciated, although my finger is no-where near the sell button at the moment!

[derwent4] 18/6/2018 10:17

tipped in the times on sunday

[rounder2] 07/6/2018 16:40

Interesting price action today - Something afoot ?? Or just a well deserved breakout ?

[gasman10] 06/6/2018 08:21

Just heard it on the grapevine nothing to substantiate it.