Speedy Hire Share Discussion Threads

[rumbers2] 03/7/2019 13:11

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 11:24

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

[davr0s] 03/7/2019 06:22

Is the market open yet?

[tgkg] 03/7/2019 06:16

Just bought more, great price

[tgkg] 02/7/2019 15:08

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 08:05

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 07:46

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 07:22

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

[tgkg] 02/7/2019 07:20

Dividents on Thursday 2.5%. Thats pretty good

[derwent4] 12/5/2019 17:28

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 10:34

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 09:29

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 08:08

...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 07:36

after today's meeting we could well be terated

[derwent4] 20/7/2018 07:36

after today's meeting we could well be terated

[derwent4] 19/7/2018 06:54

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

[rumbers2] 19/7/2018 06:40

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 06:27

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 12:56

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 19:36

standard life Aberdeen bought another shed load all looking good

[derwent4] 06/7/2018 15:51

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