Speedy Hire Share Discussion Threads

[kemche] 18/5/2023 08:23

So no one to blame. It's been going o for years. Move along nothing to see here.

Alrighty then.

[brucie5] 04/5/2023 14:03

Tempting fate perhaps, but took a second bit of these this morning. If this is the bottom there could be some way back back.

Stocko metrics look good and value is 92:

PE Ratio (f)
6.3
PEG Ratio (f)
0.2
EPS Growth (f)
46.1%
Dividend Yield (f)
7.98%

fwiw. Nai.

[tole] 17/4/2023 06:43

https://citywire.com/funds-insider/news/expert-view-wpp-astrazeneca-ten-entertainment-speedy-hire-and-hilton-food/Speedy Hire a 'buy' following reassuring update, says LiberumLiberum sees 'significant upside' at tools and equipment hire group Speedy Hire (SDY).Analyst Charlie Campbell retained his 'buy' recommendation and target price of 70p on the stock, which slumped 5.7%, or 1.9p, to 30.5p yesterday.The trading update for 12 months to the end of March was 'reassuring as the board reports that it expects profits for the year to hit consensus expectations', said Campbell, although 14% growth in revenues for the year implied a 'slowing in growth to plus-10% at the end of the full-year.'The main driver of revenue growth in the year has been hire rates, which have been improving as the industry has been disciplined in recoupling input cost inflation,' he said.The group has also boosted savings from £3m to £5m after operational improvement and management restructuring, which Campbell said gives him 'confidence that our cautious full-year 2024 estimate is achievable.'

[wigwammer] 06/4/2023 08:18

Pretty impressive dividend record - have repeatedly paid out for at least the last 13 years.

[shaker45] 06/4/2023 06:22

I guess in these volatile markets potential investors sit on the sidelines waiting for the next shake out. No reason to buy now... Wait and see.
Interesting sector though

[wigwammer] 05/4/2023 15:29

I suspect there is a tin pot short outfit in the background, driving the shares down. I agree - needs a bit excitement to get the sector going, get a big buyer interested and burn the hands of the wee shorter. Trading below tangible book, paying a dividend with a decent outlook statement - will now be on the radar for corporate activity.

[optomistic] 05/4/2023 13:31

With a downtrend from 80p to 30p over the last two years the trading update needed a lot more oomph to put some life back into the share price!

[brucie5] 05/4/2023 12:50

Mark Simpson covered this sector back in early March. I had a dabble in SDY for the dividend, and then thankfully sold up. But there might be some value in a collective approach:

"In truth, all of these companies have attractions to the value investor. Andrews Sykes is a stable, cash-generative family business with a niche offering, but it is highly illiquid and lacks growth. HSS Hire looks exceptional value on an earnings basis. Speedy Hire stands out by trading at Tangible Book value, meaning that the value of the business is entirely underpinned by the value of the equipment it owns. Finally, VP has higher margins and higher historical revenue growth, marking it out as a higher-quality company. The sector is not without risks, given the likely impact of higher rates on house prices and housebuilding in 2023. However, the stock market is forward-looking, and housebuilding companies have started to recover over the past few months. In contrast, the share prices of these companies have yet to bounce significantly. So each of these companies is attractive in its own way. However, none stand as the single best value share in the sector. Therefore, the value investor looking for a recovery play is best off taking a portfolio approach and holding all four."

[2pigshit] 05/4/2023 12:42

Lombard obviously knew the score here almost at pandemic level best take a punt on hss

[wigwammer] 05/4/2023 11:35

An endless stream of buys, and the shares fall... Good job we've got a fantastic regulator in the U.K. that makes sure trading is always transparent and fair for all... lmao... fingers crossed the seller is done soon :)

[wigwammer] 05/4/2023 08:45

Actually, it all sounds pretty reassuring. Just bought some :)

[diku] 05/4/2023 08:20

More equipment disappearing???...

[rumbers2] 30/3/2023 18:40

Wow that is a big exodus from Speedy. What is it Lombard knows that we don't?
For them to plough all the sales proceeds into erstwhile dead duck HSS is a big worry and the ultimate humiliation for us suffering shareholders.

What a kick in the teeth eh? I have this terrible feeling Evans tenure as CEO is going to be an absolute disaster. For clarity we need to see the bigger picture before the Easter break.

[1derwent] 30/3/2023 14:58

Hi rumbers after buying more than 5% of hss lombard obviously think they are a better bet than sdy

[rumbers2] 16/3/2023 04:58

It concluded 9th March Derwent. 67,713,058 shares purchased representing 12.8% of the group share capital. Total voting rights in the Company now stand at 461,837,356.

We have truly been put through the rinser these last few days and i think you and I are the last few investors remaining!

[1derwent] 15/3/2023 10:54

Has the buyback finished rumbers

[pictureframe] 14/3/2023 13:06

Still get a dividend here though

[jubberjim] 09/3/2023 20:32

Hs2 news not doing building associated services companies any favour me thinks

Coming on top of misfiring equipment shortfall does not look at all good

Am not willing to accept the loss just yet so into the sock drawer it goes to be looked at sometime in the future

That sock drawer is getting crowded

I should stick to what I know most about
Memo to self find a stock with the epic " SFA " and do nothing

Good luck investors

[pictureframe] 02/3/2023 17:03

HSS very positive

[rumbers2] 27/2/2023 10:24

Averaging half a million a day recently. I reckon we are buying Polar Capital shares -i think they are continuing to offload since their last RNS.
You can ignore the titchy little increase declared by Norges Bank this morning - it pales into insignificance by comparison.

Will sentiment EVER change here? Depends on the damage inflicted by those light-fingered scousers.Not too long to wait i guess.

[1derwent] 27/2/2023 09:28

Just over a million shares to end of buybacks will we get rns

[kalai1] 13/2/2023 13:15

Speedy Hire plc issued a financial and trading update last week. As at 31 March 2022, the reported net book value of the Group's hire equipment assets was £226.9m, there was a deficiency in the value of non-itemised assets of c.£20.4m which is expected to result in a one-off non-cash write down of the balance sheet value of non-itemised assets in the year ending 31 March 2023. But it is not expected to impact the Group's cash position or underlying profit performance. More generally the Group continues to perform well in the second half, with its revenue for the four months to 31 January 2023 up c.16% against the corresponding period in the prior year. Management are confident of meeting expectations for more steady topline and bottom line growth of around 10-15%. Valuation looks attractive with forward PE ratio at 7.3x, PS ratio at 0.43x, both top quartile for the sector. The balance sheet is generally decent shape. Share price remains in a 2-year correction for now, there is no rush to buy, but SDY is certainly worth monitoring for the medium run...from WealthOracle

[rumbers2] 09/2/2023 08:21

Thanks for that latest insight AI.
I never seem able to gain access into analysts notes when i need one.