Speedy Hire Share Discussion Threads

[wigwammer] 30/1/2024 09:17

The thing that interests me about SDY is that presumably - post inflation - the market value of their asset base is materially higher than what is reported. And related to that - it would now cost any potential competition materially more to build up a challenge. Good long term bet, IMO

[brucie5] 30/1/2024 08:12

Profit below expectations, but beneath that, decent progress and a good dividend? We await some further analysis.

[tiswas] 30/1/2024 07:39

Does anyone have Liberum's latest numbers?

[brucie5] 25/1/2024 09:20

I notice SDY just promoted from 89-90 stockrank on Stocko. Small steps; but the chart is now quite peachy with solid bottom just under the 30 level. In the meantime a div of >7%.

[tenapen] 19/1/2024 13:13

A prompt payment of the dividend - that's what I like.

:-)

[tenapen] 11/1/2024 15:24

With thanks to haggismchaggiss on the AFC threat for posting.


haggismchaggis10 Jan '24 - 23:43 - 1357 of 1358
0 1 0
Speedy Services
26,520 followers

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This award recognises how serious we take our responsibility to reduce air quality impacts and carbon emissions from the equipment we provide to the construction industry.

For more information on our Decade to Deliver strategy follow the link below. 👇




"This award recognises how serious we take our responsibility to reduce air quality impacts and carbon emissions from the equipment we provide to the construction industry." and AFC Fuel Cells will be upping their game to a new level.

[smithie6] 07/12/2023 13:20

5.01% to 4.8%

My calculator says that is a reduction in holding not an increase !!

[brucie5] 01/12/2023 13:35

I see that LO added on 28/11. Now >5%.
And rated a 'Hold' in the IC.
Far too sensible for their own good.
;(

[brucie5] 23/11/2023 11:03

Underwhelming for a sell off?

[brucie5] 22/11/2023 15:29

I need to see how the dust settles over next few days, and no doubt there will be further analysis in the IC among others. But if this was so bad, why has the share price not gone below 30p? Instead, at time of writing, it looks like confirmed support at the 200sma. And if you configure for wmas, there even the strong indication of a GC, if it remains at current level.
Meantime an overall Stockrank of 95 and the following historic figures from the same source:

12m Forecast Rolling
PE Ratio (f) 6.4
PEG Ratio (f)0.5
EPS Growth (f) 14.1%
Dividend Yield (f)7.70%

I hold.

[1derwent] 22/11/2023 11:38

Best to lock it away rumbers all the hire companies in same boat aht sdy hss.wont alter till the government spemd fron hs2 comes to fruition.the planners have to get working which takes a lot of time

[smithie6] 22/11/2023 10:51

I'm out as well.
With lower profit it makes the debt look bigger & increases the risk for paying the high divi, imo.

And the plan to grow revenue does not look to be going well, revenue is down.

[clocktower] 22/11/2023 10:14

Well I jumped ship earlier this morning but only broken even, as I have to agree with rumbers2 going forward.

Maybe back in late 2024.

Good Luck.

[rumbers2] 22/11/2023 09:28

"Results for the first half to 30 September showed profit before tax fell 57.6% to £5.6 million but the construction market backdrop was said to be “challenging but manageable”.
That's a real shocker. Evans is deluded if he insists he can still meet full-year expectations.

[brucie5] 22/11/2023 08:33

I'll be interested to hear what Stocko says, but so long as dividend is maintained - and they haven't lost another shed load od kit! - I'm not too worried. It's a good franchise and generates cash. Share price hardly off the floor. So it's just a question of how long till recovery, while being paid to wait.

[jubberjim] 22/11/2023 07:13

Interim dividend maintained

That's the only positive I take from that trading statement

I wish I had jettisoned a few more but not as bad as it was

Good luck

[clocktower] 22/11/2023 07:09

Not a pretty picture as the forecast going forward is at the lower end of the boards expectations.

[magnets] 20/11/2023 22:30

we still don't know why it dropped from 32p to 27p in a week at the end of october

[smithie6] 20/11/2023 10:58

Do we know why it has gone from ~28p to 38p !

[clocktower] 20/11/2023 08:08

Another good start to the week for Speedy, might live up to it’s name.

[rumbers2] 19/11/2023 18:07

Buying Speedy on lows has been relatively successful for me. This was 30p when i started investing near the beginning of QE in about 2012. I sold majority at what i thought were toppy levels around 75p. By happenstance within weeks Speedy shot itself in the foot with its first financial irregularity (2015??) which offered the opportunity to grab them all again at 30p. More luck on my part than design.

The Covid outbreak was another unique opportunity to buy a bucket-load sub 30p on that fateful day in March 2020...and that too was followed by a robust recovery.

It's this most recent peak (May 2021) that I tripped. The few i did sell I was busy buying back in 50-60p range thinking it was well oversold even then.
The benefit of Harry Hindsight eh! Best of luck everybody as we wait to see if our fortunes are back in the ascendant once again.

[brucie5] 19/11/2023 15:51

rumbers219 Nov '23 - 15:47 - 5651 of 5651
0 0 0
Hope you are right Brucie. This share has been in non-stop decline since end of May 2021. Selling has been relentless. Should have sold all and walked away back then.
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Rumbers, this depends surely on your approach. If you have the patience and confidence (because of research) to buy down on a good income share, you benefit from the lows. This one had issues with missing stock (!) which I think/hope the management has now put right. The chart suggest it could participate in a large bowl going forward, once it consolidates over 40p. Obviously there are no certainties - hence the risk/reward.