Speedy Hire Share Discussion Threads

[halfpenny] 30/5/2024 08:02

Agree and its fantastic service and value for all. They will be massive beyond Analyst expectations as Sales increase rapidly.

Future brighter with happy days..

[master rsi] 20/5/2024 16:16

Speedy Hire recognised as “climate leader” - Lewis Tyler Deputy Editor, International Rental News - 20 May 2024

UK-based rental company Speedy Hire has been named as one of the Financial Times Europe Climate Leader.

The award is given to companies who are most successfully reducing their core greenhouse gas emissions.

In the case of Speedy, which has received the award for the second consecutive year, it has been recognised for its track record in supporting the decarbonisation of the British construction industry.

It comes following the launch of its ‘Decade to Deliver’ strategy roadmap earlier this year.

With the strategy, the company has outlined its sustainability journey for the next 10 years with a number of targets, including the reduction of the company’s Scope 1 & 2 emissions by 50%, and Scope 3 emissions by 42% by 2030.

[master rsi] 17/5/2024 17:19

Nothing better to say than the order book did give us a clue as to how is going to finish with the UT at 28.40p
But the spread at the end was much better 28.35 v 28.70p

[master rsi] 17/5/2024 09:41

Looking much better from the start today, maybe we will finish at that entry point of the day 28.45p, but at the moment the spread is 27.75 v 28.45p

[master rsi] 16/5/2024 10:32

28.16p +0.16p

Though the UT is at 27.90p the spread is 28 v 28.30p and the last trade was at 28.16p
so moving up very slowly just like yesterday.

[sidam] 16/5/2024 08:07

Thank you, I hope your are correct. I am a holder on fundamentals, but I did have chartist colleagues and if the chart and the fundamentals are aligned it can be very good news.

[master rsi] 15/5/2024 23:19

I selected the shares to improve on my monthly thread "UPS"...

Master RSI 15 May '24 - 17:56 - 266 of 270
UPS
SDY 27.775p ( 27.65 v 27.90p ) UT at 28p

Last month's update from the company was a bit gloomy ahead of announcing results at mid-June.
But looking ahead the benefits are there, like the debt has been brought down and during the Q3 there were contracts for over £40 million revenues. Partnership with B&Q owner is moving into Digital and the last Acquisition Green Power Hire is performing well.
The recovery from the construction sector should be seen soon as the economy has started to grow during the last Q3 directors bought stock 252K after the update. Targets of 47 and 60p by analysts. The share price has moved up from the lows and then just over 50% retracement and now is ready to go higher again, after giving the signal with the BULLISH HAMMER: closing Candlestick.

[master rsi] 15/5/2024 23:01

Here is the proper chart made earlier

[tenapen] 15/5/2024 20:07

Thanks Master RSI,

Just for fun I looked at the charting website 'British bulls' and they have also moved to Buy after today's rise.




Time tells all.

[master rsi] 15/5/2024 18:06

Looking ahead the chart is looking much better after today's Candlestick closing
The signal is a BULLISH HAMMER:

The share price has moved up from the lows and then a 50% retracement and now is ready to go higher again.

[orchestralis] 09/5/2024 10:08

I'll be back in profit soon.

[jubberjim] 08/5/2024 13:15

Something is afoot in my sock drawer

The shares have woken from their slumbers.

[fletcher] 07/5/2024 23:38

Picked up some 80'000+ shares today over 3 hits, I think there a good upside here. But according to ADVFN all my buys are shown as being sales rather than buy's. I was buying at what ADVFN's was showing as the bid price (on the other screen). Always interesting when this happens, who's hiding what and why?

[typo56] 07/5/2024 11:41

Interesting 8.6m trade at 08:26 and interesting action on 22 April.

[pinemartin9] 03/5/2024 08:09

Well spotted Shaggis. This is a coiled spring I reckon. Neglected and unloved. Should rise disproportionately on signs of recovery in the economy.

[haggismchaggis] 02/5/2024 20:41

Speedy Hire Named Financial Times Europe Climate Leader
.

[pictureframe] 24/4/2024 12:25

Good volume again today.

[pinemartin9] 23/4/2024 22:03

Have we seen the bottom here?

[jubberjim] 23/4/2024 06:57

Had taken my eye off the ball with this one.
Still languishing in the sock drawer but is there something afoot or is it just bargain hunters.
In light of the soon to be no more Tyman and that takeover from out of leftfield will have to pay attention here.

One to keep an eye on

[pictureframe] 22/4/2024 13:42

Massive volume today.

[davius] 15/4/2024 19:27

Optimism that struggling Speedy Hire shares are about to turn a corner has been given boardroom support after three directors made investments worth £63,000.

The purchases by finance boss Paul Rayner, chair David Shearer and non-executive Shatish Dasani were made after the Merseyside-based tool and equipment hire company said results for the year to last month would be towards the lower end of expectations.

The update left shares near a decade low at 24p, despite Speedy’s confidence in a better year ahead given recent contract wins and the support of its five-year transformation programme.

It pointed out that it had secured additional annual turnover in excess of £40 million across multi-year contracts with new and existing customers.

Whilst these have been slow to mobilise and only provided marginal benefit in the 2023/34 financial year, they improved the growth outlook for the current year and beyond.

Speedy added: “This new business has been secured with continued pricing discipline and demonstrates the attractiveness of Speedy's customer offering.”

Broker Peel Hunt responded by cutting its profits forecast by £3.5 million to £16.5 million for June’s annual results and trimming its forecast for the current year by 7% to £25 million.

However, it reiterated a price target of 60p and said that shares trading on 6.3 times forward earnings and a 35% discount to asset value offered “substantial value”.

The broker said 2024 was always likely to be a challenging year given market headwinds and Speedy’s focus on price discipline. It added: “This returns discipline, valuable contract wins and strategic actions to differentiate provides increasing optimism for growth and returns.”

The FTSE All-Share company, which operates from 180 fixed sites and selected B&Q stores, is currently in the efficiency phase of a programme aimed at building a sustainable hire business.

In recent months, however, the company has been impacted by a drop-off in activity in its regional bases, as well as slower demand for seasonal products due to the mild winter. This left revenues for the year down by about 5% to £420 million.

Joint broker Liberum cut its target price to 47p from 54p following the update but said the valuation looked to be attractive given the recovery outlook. It has stuck by its forecast for a reduced full-year dividend of 1.7p a share, leaving the shares yielding about 8.6%.

Liberum is encouraged by the potential of green energy initiatives, such as battery storage units and the hydrogen power joint venture with AFC Energy, and notes the opportunity for Speedy’s testing inspection and certification business to double revenues.

The broker adds that the company is highly operationally geared, which should start to work in Speedy’s favour as the backdrop improves.

The shares closed last week at 25.2p, having fallen from 75p three years ago. It opened its first depot in Wigan in 1977 and listed on the London stock market more than 30 years ago.

[fenners66] 15/4/2024 10:21

Mrsimmons "Re exceptionals. It’s nothing to do with accounting standards."

Let me clarify , the use accounting standards I was referring to, are the actual statutory accounts.
These are done without adjusted deductions and splitiing out of anything that makes a company look bad.

However since these stat accounts are quite often buried on page 142... etc.. they are "ignored" if you like by the companies choosing to publish their adjusted figures on page 1 and then constantly referring to the * adjusted numbers until they finally have to cough up to losing a fortune further down the document.

Some seem to accept that if the company has "adjusted " the figures then there view must be "right" , its a one off, or its a non cash cost , or its reorganisation cost ( perhaps reorganising the reorganisation they did last year).

All explained away as if it does not matter - that was last year , that was out of our hands , nothing to do with me gov.

I am not sure to what extent the "city " buys this - certainly seems it pulls the wool over some peoples eyes. For me it smacks of desperate management - unable to get it right first time and so frail in their position that they cannot take responsibility. It does not stop there being a good company underneath but often needs a management overhaul to find it.

[chriss911911] 15/4/2024 10:00

Mrsimmons, yes good point, the answer is on the balance sheet already which they issued in November, but I take trade creditors, and debtors, along with change in capital hire fleet, being the key operational bits, that is money they owe, are owed, and what they have left over in operational assets so in effect normalise working capital including operational fixed assets (hire fleet of 200m) you can get same thing from cash-flow statement.

The answer gives 2m credit, so in other words, 10m, becomes 12m on a sustainable basis, so I'm happy with the "timming" of those elements did not overall give them an advantage, what the end result was.