Speedy Hire Share Discussion Threads

[smithie6] 28/9/2023 10:45

-5%

:-(

[thaiger] 25/9/2023 11:09

It's odd that there were lots of small sells yet share price is up!?!

[smithie6] 19/9/2023 11:28

..you perhaps missed out the word "see"

[clocktower] 18/9/2023 16:19

I would rather share price growth than dividends but hopefully both will go hand in hand in the coming year.

[smithie6] 18/9/2023 12:14

Divi

So, we get paid the final Divi this week. Nice.

1.8p/share on 22nd Sept

5% of the current share price

..went ex-divi in August

"the Board has recommended a final dividend of 1.80pps for the year (FY2022: 1.45pps), making the full year dividend 2.60pps (FY2022: 2.20pps) and an increase of 18% on the prior year. If approved at the forthcoming Annual General Meeting the dividend will be paid on 22 September 2023 to shareholders on the register at close of business on 11 August 2023"

(All items at the AGM were approved, that inherently includes the Divi).

[smithie6] 12/9/2023 11:38

Selling trades now going thru at 35p.

Going up, bit by bit.

[clocktower] 11/9/2023 13:05

Update needed to spark some life into this.

[rumbers2] 08/9/2023 09:55

Wonder if we will get a trading update on Monday.
We usually get one in early September timed for the AGM.
I'd be surprised if anybody actually turned up given yesterday's unbearable heat!"

[smithie6] 08/9/2023 09:54

Tipped somewhere I guess.

S.Thompson...Inv. Chronicle ??

[smithie6] 08/9/2023 09:46

A few buys gone thru at ~36p.

Nice 1p jump.

[brucie5] 08/9/2023 09:33

Thanks Tole, that's helpful. Very happy holder from these levels.😊

[tole] 31/8/2023 19:20

https://masterinvestor.co.uk/equities/small-cap-catch-up-sdy-vtu-and-ketl/Speedy Hire (LON:SDY) – 6.5x P/E And A Yield Of 7.8As Schroders reduce their stake in the UK's leading tools and equipment hire services company, now fractionally below the 13% level, I note that the Martin Currie Investment Management company has been adding to its holdings in the group, now up to 23.25m shares, some 5.03% of the equity.The company held a Capital Markets Day on 11th July, at which the new CEO Dan Evans informed those present about his five-year plan for the group, looking for a compound annual growth rate of 8% and a £650m turnover by the end of that period.The group will be holding its 2023 AGM in the City on Thursday of next week (7th September), ahead of which I would expect a Trading Update to be issued.Analyst Charlie Campbell at Liberum Capital is positive about the group's prospects and rates the shares as a Buy, looking for a price objective of 70p.He estimates that the current year to end March 2024 the group revenues will rise to £456m (£441m), while pre-tax profits could come in at £33.0m (£30.7m), taking earnings up to 5.3p (4.9p) enabling a 2.7p (2.6p) per share dividend.For the next year he sees £477m sales, £37.0m profits, 6.0p earnings and a 2.9p dividend.On those estimates the shares of the £178m capitalised Speedy Hire at just 34.5p trade on 6.5 times current year earnings and yield almost 7.8% – making them a definite purchase for growth portfolios.

[smithie6] 31/8/2023 17:16

Some sizeable buy trades at around 35p at close of play.

Hopefully in to the 35p range tomorrow

[clocktower] 31/8/2023 14:34

Hopefully will continue upwards as yet to get into profit.

[smithie6] 30/8/2023 14:06

....chart is rising nicely from 33p ...

[rumbers2] 21/8/2023 21:35

So now we know! On the day of the tree shake last Thursday, Martin Currie Investment Management Limited was busy purchasing 23,250,000 shares.

That's quite an impressive initial investment!

[46maxon] 17/8/2023 14:11

Short of stock, they want you to sell!

[rumbers2] 17/8/2023 12:19

That was a shocker of a tree shake. Hope its nothing more ominous.

[smithie6] 17/8/2023 12:16

The price is a bit weak every since they announced that the shares went ex-divi.

:-(

[rumbers2] 10/8/2023 15:01

The market makers are killing any appetite for investing. Invest for the 1.8p dividend and then typically tank it the next day.

[smithie6] 10/8/2023 14:17

well, it looks like the mkt has decided that it has already gone ex divi

& the mkt is normally right

[rumbers2] 10/8/2023 13:10

I had an issue with this too a year ago when Speedy appeared to change the ex dividend date on their website. I rang Speedy about it many times but nobody returned my calls.
The gist of my complaint wasn't upheld by my broker II whose response didn't really address the main issue but included the following:



Speedy Hire’s most recent ex-dividend date was 11 August 2022, so any shares purchased following the close of market on 10 August 2022 would not qualify to receive the dividend.

In light of the above, the trades that you made in Speedy Hire on 11 August 2022 did not qualify for the dividend payment. >

[smithie6] 10/8/2023 10:59

I wonder if the mkt is one day early, based on the RNS text I read.

If on the register at end of 11th Aug. you get the divi, was what the co. text said, I thought. Although it might have changed between the prelims & the auditted Annual Report.

(but the mkt is normally right !)