Share Name Share Symbol Market Type Share ISIN Share Description
Speedy Hire Plc LSE:SDY London Ordinary Share GB0000163088 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.80 1.25% 65.00 63,315 08:09:01
Bid Price Offer Price High Price Low Price Open Price
64.00 64.40 65.00 65.00 65.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 394.70 27.20 4.26 15.3 341.0
Last Trade Time Trade Type Trade Size Trade Price Currency
08:24:20 O 30,926 64.30 GBX

Speedy Hire (SDY) Latest News

More Speedy Hire News
Speedy Hire Takeover Rumours

Speedy Hire (SDY) Share Charts

1 Year Speedy Hire Chart

1 Year Speedy Hire Chart

1 Month Speedy Hire Chart

1 Month Speedy Hire Chart

Intraday Speedy Hire Chart

Intraday Speedy Hire Chart

Speedy Hire (SDY) Discussions and Chat

Speedy Hire Forums and Chat

Date Time Title Posts
12/5/201918:28Speedy Hire - SDY - A H&S winner5,142
28/11/201322:56SDY: A turn around story!34
08/11/201223:05SPEEDY HIRE SET TO SOAR3
19/4/201009:47speedy hire-
30/7/200923:08SPEEDY HIRE SET TO SOAR-

Add a New Thread

Speedy Hire (SDY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-06-26 15:54:5064.3515,0009,652.35O
View all Speedy Hire trades in real-time

Speedy Hire (SDY) Top Chat Posts

Speedy Hire Daily Update: Speedy Hire Plc is listed in the Support Services sector of the London Stock Exchange with ticker SDY. The last closing price for Speedy Hire was 64.20p.
Speedy Hire Plc has a 4 week average price of 60.80p and a 12 week average price of 53.40p.
The 1 year high share price is 66p while the 1 year low share price is currently 53.40p.
There are currently 525,304,484 shares in issue and the average daily traded volume is 836,037 shares. The market capitalisation of Speedy Hire Plc is £341,447,914.60.
rounder2: Additionally I'm of the opinion that the analysts that cover this stock haven't got a great handle presently on likely earnings forecasts for the coming years , they have largely failed to appreciate the effect of recent efficiency gains and acquisitive growth , so I expect imminent upward re-ratings to support future share price gains
rounder2: Tool hire company Speedy Hire (SDY) says its full year pre-tax profit will beat the board’s previous expectations, helping to drive up the share price by 9.7% to 53p. The company continues to reduce the size of its hire fleet and return on capital employed (ROCE) is now up 3.3 percentage points to 11% from the prior year. Liberum analyst Rahim Karin says not only did the 11% figure beat his own forecasts, but ‘it’s the first time in a decade that the group has generated a return at or above the cost of capital’. ROCE is a good measure of how effectively a company reinvests cash back into its business to generate additional returns. It measures profitability after taking into account the amount of capital used. The company’s revenue is also growing, with management guiding that it is up by 6% compared to the prior year. This is great news considering that Carillion, a major client of Speedy Hire, went into liquidation earlier this year. The revenue uptick is down to the company’s ‘renewed focus’ on small-to-medium size enterprise customers. The company has increased its asset utilisation in the 11 months to February 2018 to an average of 55.4% which refers to the amount of its kit that is being hired. EARNINGS UPGRADES Given the bullish tone Speedy Hire’s trading update, Liberum has upgraded its earnings per share forecast for the year to 31 March 2018 by 5% to 3.74p. However, the investment bank does not make any changes to earnings forecasts for the subsequent two financial years, saying that is a prudent decision in light of broader market uncertainty. Speedy Hire is now trading on 14.2-times 2018’s earnings with a 2.8% prospective dividend yield. Full year results will be reported on 16 May.
rumbers2: Liberum have just said although this news is "unhelpful it is not as bad as first feared. Despite the potential write-down of receivables that will result we believe the long-term impact on financials will be limited. This reflects the likelihood of JV Partners and other third parties taking on much of Carillion's workload, as well as the flexibility within Speedy's own operations" the broker adds. The broker added it sees Speedy's immediate share price reaction as overdone.
rounder2: For anybody that's interested here's my take on what's happened today , in a nutshell : Ultimately the doom merchants are not giving the management at Speedy due credit 1. Any higher value kit is fully insured , one way or the other 2. The debt is much less than it used to be circa 3-4million as we stand today 3. The contract didn't return much profit 4. The debt WASN'T insured ( cost prohibitive ) but it has been tightly managed 5. Carillion will have to continue to trade and SDY will up its prices accordingly and get some / most of the money back 6. Carillion was circa 3-4 % of SDY's overall annual turnover which isn't the end of the world and will no doubt be replaced with other , better paying work , over time . 7. The share price move down today is NOT institutional investors bailing , it's PI's who are more susceptible to shocks of this kind and triggered stop losses on derivative CFD's being hit 8. SDY will fairly quickly release a relatively reassuring statement to put market jitters at ease , institutional buyers will return " in force " 9. A couple weeks from now , concurrent to the early Feb trading update , this will all pretty much be forgotten and the share price will revert to " pre shock " levels For what it's worth
kingston78: There was a press report a few months ago to say that many bosses of leading house builders were selling some shares that they owned in their companies. We should follow their action. Some house builders are now changing their strategies of building lower priced dwellings, diverting from the luxury ends. For well publicised reasons there is less demand for more expensive houses. House builders should be able to weather the storm financially, but I do not see much upside in their share price. I personally would scale down or avoid completely investing in them. As regards the contracting side, people who are working down the supply chain, we have witnessed the complete collapse in the share price of Carillion. Chasing turnover at the expense of profit margin is the wrong strategy to take. By way of comparison the price wars amongst supermarkets all these years have damaged their profitability. Not only is it difficult to recover from a weak position, Aldi and Lidl have taken a large market share from them. You would not believe that an upstart company Just Eat Plc is now valued more highly than famous names such as M&S, Sainsbury's and Morrison. Turning back to Carillion I see no value in the company. No one will take it over because the buyer will inherit £1.5 billion of liability [huge debt and pension deficit]. I don't think their existing contracts are profitable. It is a silly way of doing business. Their previous years' accounts must have been mis-stated. Carillion will cause havoc to their suppliers, including plant hire companies. Believe me, the outcome of a restructuring of Carillion will cause enormous pain to their shareholders, lenders , employees and suppliers. Some suppliers will have to write off huge amount of debt owed to them. I always use conservative financial measurements, such as Profit before and after tax, return on capital, not EBITDA which is misleading and should not apply to mature businesses. One should remember that Interest and Tax need to be paid. depreciation and amortisation are a real cost, as the fixed assets will be getting old and replaced one day. Whilst accounting profit is important I pay more attention to cash flow. Most business models rely heavily on Turnover, but difficult to reduce overheads, especially the fixed overheads such as rent,rates and insurance. A decline of any significance will impact on the bottom line profit, earning per share, cash flow and the company's ability to pay a dividend. As the P/E ratio is a very important financial ratio, the share price will drop dramatically when things turn ugly. In conclusion, I will stay away from the investing in the building and construction industry and their related supply chain companies.
firtashia: Kingston78- Appreciate your post. With respect to your last paragraph, in your opinion how much of a future decline in the construction industry has already been priced into SDY's share price?
rounder2: ToscaFund are far more likely to continue to try to push down the share price of HSS ( of which they now own approaching 28%)than they are SDY . The lower the price ( and market cap ) of HSS the stronger they feel their case will become to try to " steer " SDY into some kind of Purchase / Merger . Just my opinion .
davr0s: Market doesn't currently see it that way - share price lost all momentum this year that was shown at end of 2016. I'm out today on support break
davr0s: Level2 - ie the order book. I use it when considering buying/selling a share as you can often tell when a share price is about to surge or drop
rumbers2: A positive and insightful article in City AM this morning which I think reveals Russell Down's animosity towards ToscaFund: Speedy Hire’s share price shot up 15 per cent this morning after the lender of tools and construction equipment reported increasing revenues and profits – an improvement the company said came “in spite” of a high-profile attack from an activist investor. Shares were up more than 15 per cent to 42.5p, their highest level since January, this morning, and analysts also appeared to be impressed. Liberum said the profit-before-tax figure was 31 per cent ahead of expectations, while N+1 Singer upgraded its forecast for the firm. The latter part of the six-month period saw Speedy Hire come under public attack from activist investor Toscafund, which forced shareholder votes on the suitability of Speedy’s chairman and the appointment of a new board member. Investors voted to let Jan Astrand, who is now non-executive chairman, remain, but agreed that David Shearer should be appointed to the board. Russell Down, who started as chief executive of Speedy in July last year, told City A.M. the company’s improvements this year came “in spite” of Toscafund. “I think all the changes that you see today were put in place a year ago,” he said. “We said at the start of the process with Tosca that the recovery was well underway, and that [the Toscafund intervention] really only happened in August. “And almost these results are in spite of what happened with Tosca, rather than because of what happened with Tosca. Because it was a distraction for the business during that particular point in time.” He added: “I wouldn’t say it was hugely disruptive, but clearly we’ve got 3,000 employees in the UK who are reading about what’s happening in the press. And it did take a lot of my time to manage that.” Down said the company has not experienced any ill effects from the UK’s Brexit vote and feels that with infrastructure projects like HS2 and Crossrail 2 coming up, there will be more opportunities for growth.
Speedy Hire share price data is direct from the London Stock Exchange
Your Recent History
Speedy Hir..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20190627 07:59:57