Speedy Hire Share Discussion Threads

[smithie6] 12/11/2022 20:07

wow

the CFO RNS in late Oct.

that the CFO was to depart just ~4 days later !!!!!!

[1derwent] 11/11/2022 15:30

Seems like good news around the corner perhaps a buyout of another company maybe hss

[rumbers2] 11/11/2022 10:33

I'd be unhappy to see debt exceed 100 million which hasn't happened in recent years.They even got the debt down to 60 million but a recent spending splurge on new equipment seems to have pushed it back up again.
Traditionally it was always HSS Hire with the bad management and debt and pray it will always stay that way.

[1derwent] 11/11/2022 10:22

The budget is on the 17th need triple lock the interims on the 15th so budget wont get in the way

[rumbers2] 11/11/2022 10:19

Hope you're right wally!
Am looking for an increased interim divi payable in January (0.80p maybe), as long as Sunak doesn't put the mockers on it in next week's budget. The meddling swine.

[wallywoo] 11/11/2022 10:10

Personally would be surprised not to. 0.75p last year. Probably a similar level this year. Maybe higher, though with a recession coming would likely stay the same. Still looking at a decent yield here though. Hoping that debt is not going to run out of control. That's the big risk.

[1derwent] 11/11/2022 10:00

Do you think we will get s half year divi a lot of shares took out to support one

[wallywoo] 11/11/2022 09:56

Well we shall see next week. Imo this share has had its time in the doldrums and will now shine.I believe the last ceo retired, and and replaced by a guy who was COO AT Speedy with 14 years service. Looks like he will keep a good steady ship to me.As far as the CFO departure is concerned, he only worked at Speedy for 2 years, and obviously the role didn't fit (working in quitedifferent industries before Ladbroke, and TUI. Personally just see all that as Covid fallout. Let's wait for next week, this is incredibly cheap stock imho.

[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 10:44

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 18:02

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 06:13

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 22:10

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 12:36

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 18:19

Not looking good for you then rumbers

[rumbers2] 23/9/2022 10:50

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

[tole] 22/9/2022 10:24

Couple of large blocks cleared at 38.4