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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Speedy Hire Plc | LSE:SDY | London | Ordinary Share | GB0000163088 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.05 | 0.18% | 27.25 | 27.25 | 27.50 | 27.85 | 27.15 | 27.85 | 90,864 | 13:57:42 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Equip Rental & Leasing, Nec | 440.6M | 1.2M | 0.0026 | 105.00 | 124.96M |
Date | Subject | Author | Discuss |
---|---|---|---|
04/7/2022 16:27 | Bottom should be around 35p...GLA | currencytrader1 | |
03/7/2022 13:04 | same here as hss to much debt this hasn't got much chance of going up until buyback is finished and then we need more positive news | thechaiman | |
02/7/2022 15:17 | We know result we’re impressive, and are reported to us vis ADVFN. To date nothing mentioned in investors C. ? Do the companies need to pay IC no get mentioned, as I noticed ditto for previous year! | 46maxon | |
01/7/2022 09:39 | Now don't go getting too greedy Derwent. Think of us poor sods who piled back in at 60-70 pence thinking we were bagging a bargain! | rumbers2 | |
30/6/2022 17:56 | doubt it still got about 37 million shares to buy back probably go down to the 30s good chance to top up | derwent4 | |
30/6/2022 17:28 | Today we filled the final gap of 42.30 made during the Covid plunge in March 2020. Is that the signal for a long overdue reversal pattern or just wishful thinking? | rumbers2 | |
24/6/2022 17:35 | No point asking me 1pig I've lost all hope. Shot my bolt far too early buying back in the '60's. I have a long,long wait until i break even again. | rumbers2 | |
24/6/2022 15:39 | wtf is happening here rumbers | 1pigshit | |
10/6/2022 11:36 | My only slight issue here is why the £30m buyback rather than maintaining yoy debt, not doubling it!, that said it could increase forecast eps by 10% and purchasing at lows is hopefully an optimum strategy to maximise rate of returns.Do like the recent numbers, especially the gross margin on hire, with pricing power this is a inflationary hedge IMO - folks cutting back on higher ticket items will no doubt consider hiring as a viable alternative for those one off DIY/Gardening jobs. | disc0dave45 | |
08/6/2022 21:25 | Finally the market awakes.. Hopefully just the beginning of a major re-rating.. | cravencottage | |
08/6/2022 19:53 | rumbers2 a bit more positive now have you added | 1pigshit | |
03/6/2022 23:40 | This post Zion mark (5305) must be a bot. Similar posts on Barclays!! Be aware!!!!! | 46maxon | |
03/6/2022 23:39 | This post Zion mark (5305) must be a bit. Similar posts on Barclays!! Be aware!!!!! | 46maxon | |
02/6/2022 18:58 | Thanks rumbersToday's write up in the TimesSpeedy HireSpeedy Hire has the look of a company that has had a raw deal from investors. It had been pigeon-holed as a beneficiary of Covid lockdowns - housebound DIYers buying equipment to keep busy - and consequently neglected now that conditions are returning to something near normal. But it announced stellar results on Monday, and has robust pricing ability in the face of rising inflation.Pre-tax profit rose from £8.3 million to £29.1 million in the year to end-March, as a disproportionate chunk of a 16.4 per cent revenue increase dropped to the bottom line.As its name suggests, the company hires out everything from hedge trimmers and ladders to pipework and crowd control barriers. It therefore appeals to the whole range of construction and maintenance, from large building companies to local plumbers. The big firms used to be out of reach but in many cases they now hire more than they own, to use capital more efficiently and cut carbon emissions.The hire market is fragmented and highly competitive. Business customers can easily defect without disrupting their own activities. Speedy should respond to that threat by mopping up some of the tiddlers, but that would not make sense while its shares are rated so meanly.It has invested £70 million in its hire fleet over the past year, to meet increased demand and offset the effect of delayed supplies. Although net debt has doubled to £67.5 million in the past year, it is still less than annual operating profit.Russell Down, the chief executive, said: "We have made an encouraging start to 2022-23, with volume growth and price increases more than offsetting cost pressures."The gross profit margin is up from 55.6 per cent to 57.2 per cent, showing it can pass on price rises. If a customer needs an item, they are not going to be too fussy about how much it costs.At 2.2p a share, up 57 per cent from 1.4p a year ago, the dividend translates into a 4.7 per cent yield which looks eminently repeatable. The p/e ratio is a modest 11.4.ADVICE BuyWHY The shares are unfairly neglected and underpriced | tole | |
01/6/2022 19:31 | Thanks Tole, your research here is appreciated and thanks for breathing some life back into this moribund thread. A little disappointed with the 60p target. Barring a bloody world war i would expect this to rebound to at least 63-66p in short order. Happy holidays! | rumbers2 | |
01/6/2022 18:51 | https://masterinvest | tole | |
31/5/2022 18:31 | Downs not that confident, he's leaving! | baddeal | |
31/5/2022 15:35 | https://www.thetimes | tole | |
30/5/2022 21:05 | Directors must be confident in Speedy's prospects to increase divi and continue with the share buybacks. Yielding 4% plus should attract institutional support. | cravencottage | |
30/5/2022 18:35 | could do with director buying now | thechaiman | |
30/5/2022 17:53 | Demand still strong at Speedy HireThe tool, equipment and hire company looks well positioned for growth in spite of cost pressuresMay 30, 2022By Jemma SlingoGroup has invested heavily in hire fleetInflation expected to hit overheads Shares in Speedy Hire (SDY) have lost a third of their value over the past year. When you look at the group's performance, however, this doesn't seem fully justified. While the equipment company had a difficult lockdown, revenue and profit before tax now exceed pre-pandemic levels, and demand for tools and building equipment shows no sign of waning.Speedy Hire has invested around £70mn in its hire fleet over the past 12 months in order to meet increased demand and to mitigate the effect of increased supplier lead times. This has inevitably affected its financial position: net debt has doubled to £67.5mn since last year. Meanwhile, its operating cash flow has sunk by 60 per cent to £28.6mn and it has just £2mn of cash on its balance sheet. Despite this, the group's net debt-to-Ebitda ratio remains low at 0.9 times, and utilisation rates have increased to 57 per cent. The group has also managed to boost its gross profit margin from 55.6 per cent to 57.2 per cent, driven by a strong hire division. There are obvious concerns. Inflationary pressures on salaries, utilities and fuel are expected to bite in 2023. Meanwhile, the group's decision to end its apprenticeship scheme last summer won't help with potential labour shortages, although it has set a target to have at least 5 per cent of its employees on some kind of "earn and learn" programme within five years. So far, price increases have managed to offset the effects of cost inflation on both overheads and new equipment purchases. Many analysts also consider Speedy Hire's end markets to be strong, despite concerns about the outlook for UK construction. "We note that [the] government appears highly committed to its infrastructure programme and we are confident that housebuilders are likely to aim to grow volumes in 2023 even if house price inflation slows," analysts at Liberum said. This sentiment is echoed by Panmure Gordon, which believes the group is likely to see further upside from the government's levelling up agenda. A cautious buy. | tole | |
30/5/2022 11:48 | Commenting on the results Russell Down, Chief Executive, said: " I am pleased to report results that reflect the strong performance we have achieved this year. We have continued to progress our strategic goals by taking market share, developing a first class digital customer experience, prioritising our people and leading on ESG. This performance is testament to the hard work and dedication of all my colleagues. "We have made an encouraging start to FY2023 with volume growth and price increases more than offsetting cost pressures. Against a backdrop of positive end-markets and our unique leading service and ESG customer propositions, the Board remains confident that we will meet its FY2023 expectations." 2023 EPS forecast according to II shares is 5.39p Interesting. | cravencottage | |
30/5/2022 08:42 | anyone know what price liberum have us at | thechaiman | |
30/5/2022 07:35 | hopefully all those " Short" will run for the hills.. | cravencottage |
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