Speedy Hire Share Discussion Threads

[niklol] 23/8/2022 20:30

Director David Gatnsn bought 250,000 shares @ 43.16p today £107,900

[george stobart] 23/8/2022 08:59

Why is this one not taken out by private equity yet?

[derwent4] 19/7/2022 15:30

Good write up for sdy on c p n re zero emission products bodes well for the future see what September brings

[american idiot] 19/7/2022 13:55

Just bought another 20k @ 43.506p

Trade update at anytime and it'll be good.

From FY 2022 results....

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 pressures

o Key end markets expected to deliver growth through demand-driven volume improvements, particularly from major infrastructure and energy projects including HS2 and nuclear

o The Board remains confident of achieving its FY2023 expectations

Galliford Trys recent TU was strong. That bodes well for Speedy.

HSS also doing well.

The share price is ridiculously cheap at present.

[my retirement fund] 09/7/2022 12:49

I'm not expecting further drips but then again staggered it's at the current level so wtdik

[currencytrader1] 09/7/2022 11:17

I'm having a dabble when it drops sub 40p over the next few months... GLA

[wallywoo] 07/7/2022 12:40

Well I have bgt in today at 41.85p. Looks like a steady safe investment at this price, 1.45p dividend in August, mkt cap is less than tangible net assets. Will always be a need for their services


Sure there's £67m debt at last count, but if you go back historically, they have had more than £80m debt for most of it.


The share buyback programme should ensure dividends are maintained at these levels or higher. Don't think this share trend is anything sinister, just has been sold off mire than expected (often happens and especially with mkt caps of this size, ie non ftse350). Should be trading north of 50p imo. Will hold till it does!!

[thechaiman] 07/7/2022 08:38

only another 36 million to buy back at 500000 a day for 72 trading days si it's anyone guess where this will be in Sept could go below 35p currency trader

[currencytrader1] 04/7/2022 15:27

Bottom should be around 35p...GLA

[thechaiman] 03/7/2022 12:04

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

[46maxon] 02/7/2022 14:17

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!

[rumbers2] 01/7/2022 08:39

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!

[derwent4] 30/6/2022 16:56

doubt it still got about 37 million shares to buy back probably go down to the 30s good chance to top up

[rumbers2] 30/6/2022 16:28

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 16:35

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.

[1pigshit] 24/6/2022 14:39

wtf is happening here rumbers

[disc0dave45] 10/6/2022 10:36

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.

[cravencottage] 08/6/2022 20:25

Finally the market awakes..

Hopefully just the beginning of a major re-rating..

[1pigshit] 08/6/2022 18:53

rumbers2 a bit more positive now have you added

[46maxon] 03/6/2022 22:40

This post Zion mark (5305) must be a bot.
Similar posts on Barclays!!
Be aware!!!!!

[46maxon] 03/6/2022 22:39

This post Zion mark (5305) must be a bit.
Similar posts on Barclays!!
Be aware!!!!!

[tole] 02/6/2022 17:58

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

[rumbers2] 01/6/2022 18:31

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!

[tole] 01/6/2022 17:51

https://masterinvestor.co.uk/equities/speedy-hire-capital-growth-on-just-8-7-times-earnings-and-a-good-looking-5-5-yield/Speedy Hire – capital growth on just 8.7 times earnings and a good looking 5.5% yieldBy Mark Watson-Mitchell 01 June 2022 3 mins. to readSpeedy Hire – capital growth on just 8.7 times earnings and a good looking 5.5% yieldLast Monday's final results announcement from Speedy Hire (LON:SDY) reminded me yet again just how cheap its shares are currently.Several times over the last couple of years or so I have commented upon this group and I have no compunction about returning to do so after its latest figures and statement.The businessBased in Newton-le-Willows on Merseyside, the £231m capitalised group is the UK's leading provider of tools and equipment hire services.Its massive range of clients includes market leaders in the UK construction, infrastructure and industrial markets.It supplies large national customers, including 86 of the UK's top 100 contractors.It also deals with local trade and industrial companies across the country, as well as with the general public.In the last year or so it has formalised its partnership with the B&Q stores group, boosting its trade and retail sales through various of its depots, as well as through its diy.com website.Speedy itself has some 200 fixed sites across the country, supplementing its own online activities.The company hires out a range of tools and accessories, including access, lighting, survey, lifting, rail, safety equipment and ATEX, plant, site and traffic management, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.In addition, the company offers partnered, fuel management, testing inspection and certification, advisory/technical, powered access, out of hours, building information modelling, and aviation services, as well as customer service centres, and training services.The group provides a unique industry leading national four-hour delivery promise on its 350 most popular products.It has some 300,000 itemised assets for hire and employs over 3,300 people.The EquityThere are some 510.5m shares in issue.The larger holders include Schroder Investment Management (12.8%), Polar Capital (7.23%), Abrdn Investment Management (6.02%), M&G Investment Management (5.11%), FIL Investment Advisers (UK) (5.09%), Jupiter Asset Management (5.01%), Aberforth Partners (3.98%), Franklin Templeton Fund Management (3.27%), Threadneedle Asset Management (2.77%) and Hargreaves Lansdown Stockbrokers (2.50%).Brokers ViewAnalyst Charlie Campbell, the sector specialist at the group's brokers Liberum Capital, after Monday's announcement, was impressed by the group's strong recovery over the last year or so.For the current year to end March 2023 he estimates £417m sales revenues (£387m), pre-tax profits of £34.3m (£29.6m), earnings of 5.4p (4.1p) and an increased dividend of 2.5p (2.2p) per share.For 2024 and 2025 respectively, he sees sales of £432m and £448m, leading to profits of £37.0m then £39.5m, worth 5.4p then 5.7p in earnings, sufficient to pay 2.6p then 2.8p in dividends per share.Nice steady growth all around.Campbell rates the shares as a 'buy', looking for an 80p price objective.My ViewI really like this little group. It is yet another in my series of 'basic' businesses, never going to set the world alight but where its shares are extremely attractive for capital and income growth.It has a strong balance sheet and very good banking facilities. It is continually updating its fleets and its product ranges, pandering to a growing customer demand.Importantly, it will be gaining in the current and next year as its hire rate pricing is moved higher.It will also benefit very well as its tight management will help to increase its utilisation rates and its margins.As the infrastructure sector grows apace it will be a clear beneficiary of additional business.The B&Q arrangement could also prove to be a winner in due course.At the current 47p share price I consider that this group's shares are ready for another lift upwards.That rates the shares on just 8.7 times current price-to-earnings and yielding a very handsome 5.5%.We did well subsequent to the first Profile on the group in late 2019 then at 52p, they hit 80p within months.I now set a new Target Price of 60p on the shares within the next year.