Speedy Hire Share Discussion Threads

[rumbers2] 03/10/2019 11:11

Look forward to reading your posts Sphere. Good learning curve for both Derwent and myself. I used to be more bold in jumping in and out of a few shares but as I don't have the time these days havent judged the timing right.

However i did sell part of my holding- 16000 shares- some months ago at 54p and jumped back in at the optimal time one late afternoon when it sank to 45.5p. So nearly 1.3k up right now. But do i take the profit? hmmmmmm?

[sphere25] 03/10/2019 10:13

AHT is a different beast - US and Canada exposure. SDY is primarily UK and Ireland.

Further to the previous posts, trading is in line as expected. SDY are doing very well in this tough environment with H2 expected to be stronger than H1. The big questions is can they keep it going in light of the recent economic data.

In more tranquil market circumstances, this would have rallied at least 5% straight off the bat on that trading update, particularly considering how far it has fallen from the highs.

However, these are very uncertain times. The US markets have been falling heavily in recent days and some of the recent economic data has been horrendous to say the least.

Normally, I'd have taken a long here, but having to be very selective over what to nip in and out of atm. Could easily wake up to the US tanking big overnight. Sellers in size at 53 atm - so worth watching that if you're considering a short term position here.

Good luck folks.

[derwent4] 26/9/2019 13:52

meant ashtead my guess is they will release update after seminar⁹

[derwent4] 26/9/2019 13:43

take a look at masthead

[sphere25] 26/9/2019 13:36

Market sentiment is very poor. It isn't just SDY that has fallen significantly from the highs. It is brutal out there atm. Previously, I have mentioned on this board and others that I was bearish, could see it in the director commentaries and expected a barrage of profit warnings.

These past couple of weeks have been astounding. I haven't seen so many profit warnings in such a short period of time without there being some cataclysmic event out there. I alluded to some of these in the previous post, but they have continued in force and company valuations have been absolutely hammered.

As for the trading update, we know the half year end is 30th September. We also know that SDY have historically put out a trading update in the back end of September in previous years:

25/09/2018
19/09/2017
30/09/2016

There is nothing on the financial calendar of the website or in other sources I use, but it should be due very shortly. You can always contact IR to ask too. I feel trading will be ok, because they will know the numbers by now and would have already put out a statement if something was amiss.

Ultimately, short term ok, medium to longer term, well it's warnings galore as the politicians take everything down the drain. The market is correct in applying material discounts to valuations at present.

Actually, let's just go abit crazy and put the rose tinted specs on for a bit....

IF there is a deal done, clearly the whole game changes and it's time to pile back in!

The other thing to note is, not just the well publicised takeover frenzy, but the fact that even troubled stocks are being taken over. LWB actually warned on profits last week and actually still got a bid at the same time!

Very rare that, but a sign of the times. It just makes the whole environment, whether long or short very tricky at the moment and thus I am mostly just nipping and out of things.

I will be looking at a long here post statement.

Hope this helps.

[derwent4] 25/9/2019 14:49

certainly need investors this is falling like a ton of bricks on no news at Asda's price wtf are you doing Shearer and co

[derwent4] 25/9/2019 07:24

whens the update then sphere

[sharesoc] 23/9/2019 20:15

We have a growth company seminar on the 1st October in Birmingham with Speedy Hire lined up to present. This may be of interest to potential investors or current shareholders. More details and registration can be found here:

[sphere25] 19/9/2019 16:11

Ok folks, been selling at 55p so about an 11% move from the buy down at 49p. Keeps knocking its head against 55, and as stated, just a short term trade.

I still feel the upcoming trading statement will be in line, but some paranoia has set in having read the corporate reports this week with a whopping 22 (at the last count including a complete horror show from Kier today) warnings so far this week - that's bonkers!

Perhaps being too cautious and playing it safe, but will likely go long again after the statement. Stocks are getting clobbered out there - better safe than sorry!

Good luck folks!


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Sphere25
3 Sep '19 - 13:51 - 5153 of 5159 Edit
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Monster buy at 49 (4.2m followed by a few other decent chunks) just hit the book. Followed that straight in.

Overhang might have been cleared. That should at worst put a bottom in.

Needs to close above 50 in the near term and the oversold bounce is on.

[rumbers2] 15/9/2019 09:38

I hope Sphere's and Indalo's comments have allayed your fears Derwent. I know you are a long term holder here but keep the faith. We should get a bullish trading update this Wednesday or next plus possible news on a major international contract renewal (so I read!)

[derwent4] 13/9/2019 18:21

most of the trades were sells multi millions

[indalo] 13/9/2019 17:05

Not only is this a solid value stock considering growth rate and divi but the recent trading activity looks very healthy.

[sphere25] 12/9/2019 14:35

Ok folks, further to the previous post. We had a whopping big exchange yesterday (20million shares) which has likely seen Fidelity and any other sellers cleared.

Breaking out at the current price of 53.4 and trending higher. A lovely V would do nicely for the short term trade here.

These boards are dead - private playground ;-)

UPDATE 13/09/2019
More whopping exchanges with even larger volume of 28m showing at the moment at the close. Multiple buyers of the 13.7m sale. Bid has been stacked with buyers today and the 54p close breaks the 50 day moving average and the trend is firmly higher now.

[sharesoc] 10/9/2019 11:25

Speedy Hire present at our next Birmingham growth company seminar on the 1st October. This may be of interest to current shareholders and potential investors. This is also a great opportunity to socialise with your fellow investors and discuss these and other investment opportunities. More details and registration here:

[derwent4] 07/8/2019 17:00

unscathed this is tanking almost certain for a tie up with the other pile of shot has.

[rumbers2] 03/7/2019 14:11

Underlying revenues up, pretax profits up, utilisation rates up improving profit margin. Return On Capital Employed (ROCE) up from 3.2% in 2016 to 12.3% so well on their way to hitting target of 15%.

And the downside? Support services has been through an annus horribilis with companies like Carillion, Interserve and Kier screwing things up for other well-managed companies in the sector like Speedy. Thus far we've come through relatively unscathed which reflects well on Speedy's sound management.

[evg] 03/7/2019 12:24

Hey just asking, I just brought in for some dividend was it wise in your opinion?Thanks in advance

[davr0s] 03/7/2019 07:22

Is the market open yet?

[tgkg] 03/7/2019 07:16

Just bought more, great price

[tgkg] 02/7/2019 16:08

Earnings are rising by 31%,. This growth seems to continue into the following year with rates arriving at double digit 45% compared to today's earnings, and finally hitting UK £35m by 2022

[tgkg] 02/7/2019 09:05

Finance just published article, double digit growth expected this year 57%, that means the share price will jump alot, theyve hit nicely previous target, well in profit already, increased dividents to 2.5% for this week, one of the few company's you can make money on here

[tgkg] 02/7/2019 08:46

Liberium capital reiterated buy rating again, peel Hunt buy rating aswel, last year I've made 2.5% on dividents and 2 days after dividents it jumped again so it was extra 3% in the morning, great money on this one

[tgkg] 02/7/2019 08:22

Just dropped slightly, perfect time to buy cheap before jumps! 2.5% dividents coming up