Speedy Hire Share Discussion Threads

[rumbers2] 11/11/2022 09:39

I hope you're right, but do you not find it concerning that not only has the CEO gone but the CFO made a speedy exit shortly after too? Not the best PR exercise was it?

[1derwent] 11/11/2022 09:09

15th november

[wallywoo] 11/11/2022 08:49

Moving slowly up now. H1 results coming in the next week or two (no date announced yet, that I can find).Should be the catalyst for further rises imo.

[1derwent] 07/11/2022 15:36

Don't speak to soon wally

[wallywoo] 07/11/2022 12:10

Speedy just woken up. Nice volume too. Looking forward to another run up to 50p!!

[optomistic] 01/11/2022 08:47

*-----*

That's cleared 337

[tole] 31/10/2022 06:29

https://citywire.com/funds-insider/news/expert-view-jd-sports-lloyds-speedy-hire-firstgroup-and-itm-power/Speedy Hire 'materially undervalued', says Peel HuntSpeedy Hire (SDY) may have lost its chief financial officer but Peel Hunt says the equipment hire group remains undervalued given its prospects.Analyst Andrew Nussey retained his 'buy' recommendation and target price of 39p on the stock, which closed up 0.1% at 38.8p on Friday, the day after the resignation of James Bunn, who has left to pursue opportunities in an unrelated sector.'We expect investor focus to remain on Speedy's developing opportunities and its superior positioning and balance sheet strength,' said Nussey.'We look forward to the interims and fresh insight from the new chief executive Dan Evans.'Nussey believes the shares remain 'materially undervalued' on 7.2x March 2023 estimated earnings 'given the potential for through-cycle growth and improving return on capital employed profile'.

[optomistic] 12/10/2022 11:44

Speedy Hire have closed their Barnsley, Wakefield Rd depot, Now operating from Meadowhall Sheffield depot...must be a very welcome move for the the business next door to them in Barnsley...a tool hire shop :-/

[tole] 03/10/2022 19:02

https://www.fool.co.uk/2022/10/03/1-dirt-cheap-penny-stock-set-for-huge-growth-and-it-already-pays-a-dividend/1 dirt-cheap penny stock set for huge growth and it already pays a dividend!Jabran Khan takes a closer look at this penny stock, which operates in a growth market. Should he buy the shares?Jabran Khan?Published 3 October, 3:55 pm BSTSDYYoung brown woman delighted with what she sees on her screenImage source: Getty ImagesOne penny stock I am considering adding to my holdings is Speedy Hire (LSE:SDY). Let's take a closer look at some fundamentals, as well as recent developments to help me make a decision.Construction equipmentAs an introduction, Speedy Hire is a construction tools and equipment rental and hire business. With over 200 depots across the UK and Ireland, it has over 300,000 itemised assets available for trade and DIY customers.So what's happening with Speedy shares currently? As I write, they're trading for 37p, putting them in penny stock territory. At this time last year, the stock was trading for 59p. This equates to a 37% drop over a 12-month period. Many FTSE stocks have fallen in recent months due to macroeconomic headwinds, coupled with the tragic events in Ukraine.Learn moreThe bull caseLet's look at some of the positives of Speedy shares. To start with, I can see that they are trading at dirt-cheap levels on a price-to-earnings ratio of just nine.In addition to this, Speedy shares would boost my passive income stream through dividend payments. The current dividend yield stands at 5.9%. To provide some context, the FTSE 100 and FTSE 250 average yields stand at 3%-4% and 1.9%, respectively. I am conscious that dividends are never guaranteed, however.Next, Speedy has a decent track record of performance. I do understand that past performance is not a guarantee of the future. However, looking back, I can see it has recorded consistent revenue and profit for the past four years. It's recent full-year results were very close to pre-pandemic levels. This is encouraging as the pandemic caused disruption for many firms.Finally, I believe Speedy operates in a burgeoning sector right now. Construction projects and spending is increasing. For example, the UK government is looking to spend more on essential infrastructure. Furthermore, there is a shortfall of new homes in the UK, meaning demand is outstripping supply. Many house builders are working hard to plug this gap. Although I do not profess to be a construction expert, my research tells me that it is more cost-effective to hire tools, rather than buy them. This should help boost Speedy's performance, and level of return.A penny stock with risks & my verdictAll stocks have potential downsides and risks, and Speedy is no different. First off, the current economic volatility could play a part in slowing down infrastructure projects. This could hinder demand for its products, as well as hurt performance and returns. Next, due to inflation, the cost of materials has risen. This means that Speedy may need to hike prices to remain profitable. This could also hurt demand and customer numbers.Overall I like the look of Speedy, as a business, and as a stock to boost my holdings. It has a good profile and presence. The shares look good value for money and would boost my passive income stream. I believe current headwinds could cause shorter term issues. However, I invest for the long term, so would expect to see growth and consistent returns eventually. I will be buying the shares.

[bbanker] 29/9/2022 07:13

I should think the directors are happy with the current share price as they continue the share buy back at an ever increasing pace.one to hang onto for the long haul.

[46maxon] 28/9/2022 23:10

Share price forecast in GBX
The 5 analysts offering 12 month price targets for Speedy Hire Plc have a median target of 80.00, with a high estimate of 113.00 and a low estimate of 55.00. The median estimate represents a 115.92% increase from the last price of 37.05.

[1derwent] 28/9/2022 13:36

Noticed at the agm all the directors got voted in more than 99% except shearer anyone think it's time for him to walk

[1derwent] 23/9/2022 19:19

Not looking good for you then rumbers

[rumbers2] 23/9/2022 11:50

Berenberg starts Speedy Hire coverage with 'buy' recommendation - price target 52 pence.

[tole] 22/9/2022 11:24

Couple of large blocks cleared at 38.4

[niklol] 23/8/2022 21:30

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

[george stobart] 23/8/2022 09:59

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

[derwent4] 19/7/2022 16:30

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 14:55

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 13:49

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

[currencytrader1] 09/7/2022 12:17

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

[wallywoo] 07/7/2022 13:40

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 09:38

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