Speedy Hire Share Discussion Threads

[rumbers2] 08/10/2019 14:20

sp recovering a little now derwent. Will 51p act as support in the choppy few weeks to come?

[derwent4] 08/10/2019 14:05

Google sharesoc sdyhire

[rumbers2] 08/10/2019 13:54

Do any of us get an invitation to join?

[sharesoc] 08/10/2019 13:42

The presentation from Speedy Hire delivered at the Birmingham Seminar on 1st October is now available in our members area:

[sphere25] 04/10/2019 08:15

Tools and equipment rental company Speedy Hire (SDY) is on track to grow profits despite tougher market conditions, says Liberum.Analyst Charlie Campbell retained his 'buy' recommendation and target price of 77p on the stock after the first-half trading update showing management 'confident of hitting full year numbers, and growing profits this year, in spite of an uncertain market and tough comparisons'.He said underlying revenues had 'proved resilient' and 'increased asset utilisation is being achieved through enhanced management information'.'This in connection with overhead discipline should drive improving returns,' said Campbell.

[sphere25] 03/10/2019 12:03

Yes I booked the profits at 97-98. Didn't get the highs. Some beat me to the punch earlier in the week by booking around 99. I thought there was a chance it goes through £1, but then fear has popped into the wider markets with the heavy selling and a call had to be made so I played it safe and sold.

It could come flying back and they could upgrade their forecasts so it does ultimately go through a £1, but we all have our risk tolerances and I won't fight the selling in wider markets where we have seen algorithms go nuts and you wake up to chaos in the morning.

It's a new age, the age of the machines! Have to be extra careful. Capital preservation rules the roost.

[rumbers2] 03/10/2019 11:31

Thanks sphere. I am holding but watching like a hawk to see how Brexit plays out in the next fortnight. Still convinced it's a game of brinkmanship with a deal struck at last moment. Even with that resolved there's America with Donald impeachment and impending recession. High dice game.What a minefield!

Great call on LUCE by the way. Did you manage to bank your profit before the fall today?

[sphere25] 03/10/2019 11:00

It's ultimately always your call. Find out what works for you and when you find a strategy that works, just keep doing it. You only need to do one thing over and over to beat the markets - rinse and repeat. If you're never sure about something, book half the profit - that's what I do.

I'd be very careful in this market though. I have warned folk about the doom and gloom to come and adopted a very bearish stance stating that a barrage of profit warnings were to follow. We have seen this in recent weeks and it's only just the start.

You have to be so selective in this market because even stocks that are trading in line with expectations are getting clobbered. Not easy to trade this market on the long side at all.

Unfortunately, the political elite have played a flawless game in ensuring that the economy goes down the pan. The services sector print today only confirms matters.

The US is sliding too, and even though the fallback continues to be the consumer, the consumer can only tolerate so many negative headlines about manufacturing contraction and trade wars.

The game changers are a US-China trade deal and a Brexit deal. At that point, I'd go long with much more conviction, but when those happens is anyone's guess. These are all self-harm issues which should have been resolved - it actually boggles the mind we are still here having to deal with it. It's almost like they purposefully wanted it to drag on this long - paranoia or financial agendas! One for another time.

Ultimately, too much time has lapsed now, the damage has been done and thus the barrage of profit warnings will continue in the near term. In the short term the likes of SDY are doing ok, but how long before it feeds through? That's the pivotal question you need to ask yourself.

You have to hope (yes...hope!) that there are some substantial positive developments on the major outstanding issues in the very near term or it's going to be difficult for even the stronger performers.

[rumbers2] 03/10/2019 10:11

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 09:13

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 12:52

meant ashtead my guess is they will release update after seminar⁹

[derwent4] 26/9/2019 12:43

take a look at masthead

[sphere25] 26/9/2019 12:36

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 13:49

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 06:24

whens the update then sphere

[sharesoc] 23/9/2019 19:15

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 15:11

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 08:38

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 17:21

most of the trades were sells multi millions

[indalo] 13/9/2019 16:05

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 13:35

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 10:25

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 16:00

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