Speedy Hire Share Discussion Threads

[tole] 30/5/2022 07:19

Current trading and outlook: o Encouraging start to FY2023 with underlying revenue up c.8%o Volume growth and pricing initiatives are more than offsetting inflationary cost pressureso Key end markets expected to deliver growth through demand-driven volume improvements, particularly from major infrastructure and energy projects including HS2 and nuclearo The Board remains confident of achieving its FY2023 expectations

[my retirement fund] 30/5/2022 07:18

EPS of 4.13p and 2023 target on track, looking rather cheap here now I must say. Good read across to HSS which looks even cheaper.

[niklol] 29/5/2022 17:05

Great! Thanks.
How could you tell that please?

[thechaiman] 29/5/2022 16:46

it said it was a buy

[niklol] 29/5/2022 16:02

At 16.43 on 27th there was a transaction which went through of 850,000 £391.000.
I wonder if it was a buy or a sell???

[thechaiman] 29/5/2022 15:06

any predictions for tomorrow

[rumbers2] 26/5/2022 13:20

The only positive amid all this misery is that the purchase of 18 million shares has so far cost no more than £10 million.

With £20 million yet to spend its feasible they could buyback a further 40 million if the share price were to remain sub 50p.

That would reduce the total number of shares in issue by over 10% to 470,000,000 which in hindsight might look like money very well spent.

[mortimer7] 26/5/2022 11:02

Anyone else feel the downturn in share price over past 12 months has gone far enough now & could mondays results be the catalyst for it to turn higher?

[mortimer7] 26/5/2022 10:57

It is the intention that this £30 million Share Buyback Programme will be completed by the time of Speedy's 2022 AGM which is to be held no later than 30 September 2022

[derwent4] 26/5/2022 10:34

when does the share buy back finish

[gbh2] 24/5/2022 08:55

Just wondering if the following has had an impact on how KPMG execute their Audits?

"KPMG fined £3.37m by watchdog over Rolls-Royce audit failures"

[money4nuttin] 23/5/2022 17:06

Indeed they do but even they can't tell the future of today's new news giving reasons for a delay of 6 days.

[46maxon] 23/5/2022 16:51

Investor’s chronicle say tomorrow

[derwent4] 23/5/2022 14:38

no 30th may

[gbh2] 23/5/2022 14:27

Are the results tomorrow?

[cravencottage] 21/5/2022 10:34

A good article

HSS is also worth a look

DYOR

[tole] 18/5/2022 20:30

Here is 1 penny stock primed to benefit from the construction boom!Jabran Khan delves deeper into a penny stock that he believes could benefit from the construction boom, and explains why he likes the shares.Jabran Khan?Published 17 May, 3:46 pm BSTSDYI believe penny stock Speedy Hire (LSE:SDY) could benefit from the rise in demand for construction services here in the UK. Here is why I would add the shares to my holdings.Construction equipment rentalSpeedy Hire is a construction tools and equipment rental business. With over 200 depots across the UK and Ireland, it has over 300,000 itemised assets available for hire.So what is the current state of play with the Speedy Hire share price? As a reminder, a penny stock is one that trades for less than £1. Speedy shares are trading for 49p, as I write. At this time last year, the shares were trading for 75p, which is a 34% drop over a 12-month period.I believe Speedy shares have come under pressure in recent times due to macroeconomic headwinds and the stock market correction. This correction was caused by the geopolitical issues arising in Ukraine currently.A penny stock with risksThe biggest threat towards Speedy's performance and growth, and in turn investor returns, is that of soaring inflation and the rising cost of raw materials. Speedy will see its costs rise, which means increasing its prices. Some businesses have defensive capabilities whereby a price increase would not deter its customers and they would still experience consistent sales. Speedy doesn't have this characteristic, in my opinion. It could lose customers to competitors that are able to offer better value for money.Another issue is that Speedy is an asset-heavy business. It must continuously invest in new and updated equipment that comes out and a significant capital outlay is needed to do this. This outlay could affect any shareholder returns.Why I like Speedy Hire sharesAs mentioned earlier, Speedy could benefit from the construction industry recovering towards pre-pandemic levels. When the pandemic struck, the construction industry was severely affected. Current demand for housing and commercial property is soaring. In fact, demand for homes in the UK is currently outstripping supply.As well as market conditions, Speedy's business model is also beneficial to its own progress, in my opinion. There is a general consensus in the construction community that renting, and not buying tools, is more cost effective. Speedy specialises in renting out its equipment.Speedy shares pay a dividend with a yield close to 4%. This is high for a penny stock, which is enticing. It also recently commenced a share buyback scheme that will reward investors too.Let's take a look at the fundamentals then. Prior to the pandemic, Speedy was able to grow performance in respect of revenue and gross profit. I do understand that past performance is not a guarantee of the future, however.Coming up to date, Speedy's full-year update for the year ending 31 March, released in April, made for positive reading. Revenue is set to increase by 5% compared to 2020 and investment of £70m has also helped secure a lucrative partnership with DIY giant B&Q. Speedy now has a presence in 38 B&Q stores, which will help boost its profile and performance.Speedy Hire is a penny stock I would add to my holdings. I believe it could benefit from market conditions, despite macroeconomic challenges. The shares could be on the cusp of heading upwards in my opinion and I would buy them now before any price increase.

[currencytrader1] 05/5/2022 16:17

Good to buy to hold when 45p arrives over the next few months...

[km18] 05/4/2022 14:29

Speedy Hire Plc issued a year-end trading update this morning. In short, the Group expects to report results for the year in line with the Board's expectations. Positive trading momentum has continued with further revenue growth in Q4. This has been supported by positive end markets, with strong demand resulting in increased volumes, better rates and higher utilisation, on an enlarged hire fleet. The balance sheet remains strong with net debt at 31 March 2022 under £70million. Valuation is also reasonably attractive with forward PE ratio at 10, PS ratio under 0.8. Share price is currently still in a 10-month correction so there is no rush to buy. The company is also not particularly high growth. But it is consistently profitable, dividend yield is reasonably generous at 4.5% and valuation allows for decent upward rerating. One to monitor for now...

...from WealthOracleAM

[cravencottage] 27/1/2022 07:59

Good set of numbers with share buy backs…

Let’s see how mister market reacts?

[tole] 02/1/2022 19:58

https://www.dailymail.co.uk/money/markets/article-10359227/Top-City-figures-offer-investing-advice-cautious-brave.html?fbclid=IwAR1swoiSABlhHgn1OJFIJbSgvXyjjq_lDSZr9D5--eGW7zcEb3ievOp9DKoFor the brave: Speedy Hire (63.4p) You may not have employed its services, but you will almost certainly have seen its distinctive red and blue livery. The company rents out construction equipment and tools to trade operators and the public through B&Q-owner Kingfisher. Increasingly, Speedy Hire also uses its industry contacts to source and rehire third-party equipment to customers in the construction sector – everything from Portakabins to 1,000- ton cranes. Exposure to construction, which is cyclical, means there are risks the economic recovery goes off the rails and if new Covid restrictions are introduced. However, construction is unlikely to be as badly affected as it was in the early stages of the pandemic, and bumper spending is expected in areas like infrastructure.

[rumbers2] 22/12/2021 13:26

It's been on a painful downtrend since full year results last May- despite that and half year results in November being bullish.
I never envisaged a plunge from 81p down to 58p. I would have kept more of my powder dry had i known the bearish sentiment would last this long.Consequently I'm under water without ammunition at these bargain levels.