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Any thoughts on how the markets will react to tomorrow's results?
I hope we get a bullish move tomorrow. but it can't be overlooked Speedy's purchase of Geason was a stupid blunder. Considering how they keep banging on about making sound bolt-on acquisitions when it was prudent to do so and then discover a £2.6 millon claim for overpayment is pending! Yes Speedy can take this hit but at the same time as the Covid 19 crisis hitting profits as well?
Speedy do make a habit of shooting themselves in the foot every few years.
Net debt down £11m in last 2 months is significant. Also shows revenue picking up after a poor April may, and could be back to normal by July. 17% of the workforce taken off furlough at the start of June. To me this all looks good. The bad bit was the finance director going, but the above is enough to give me confidence we will recover quickly.
todays update was fine considering, not every thing in business goes smoothly, the key factor is to be able to and in a position where the oddst back ot irritant does not set you off course for any length of time etc ..SDY can cope with the issue, have a growing income stream as lockdown eases and looking forward will be in fine shape , importanlty it has the business, income and cash to further strengthen it's position I'm pretty confident that the UK governments stimulus in July for the economy will again only add value for SDY....I hold and will continue too :-)
i follow many stocks and was considering buying back into this now that the country is opening up again but have been waiting for the delayed report ie still delayed.
you might not like my comments but you cannot argue that this mornings 2 rns were not good.
Why are you posting on here if you are not in?
when i read the 2 rns this morning i thought ouch this is going to hit sp so am surprised it is holding up this well. was in last year and did very well but not in now .
That was unexpected news this morning.Looks like Speedy were sold a pup with Geason not performing to expectations plus there's a separate expensive litigation pending also. The FD as a consequence has been given the boot .
Tuesday's delayed results are eagerly anticipated but the prudent thing would be to hold off on dividend this period. At this level the SP should be prepared for the deferment you may think?
I'll be content with a steady price rise over next couple of months to post election 70p+.
Involvement on Nightgale hospitals may have rescued a little of the revenue late on but all will be revealed on Tuesday.
I expect speedy products to be in great demand for the rest of the year as projects struggle to catch up. Recovering nicely in prep for next Tuesdays final results. Expecting us to break our all time High share price in next 3 months.
Maybe we have a winner here. I will add also info that institutional funds are buying the stock at the moment you can check here https://fintel.io/so/uk/sdy
https://twitter.com/surprised_trade/status/1248134307165724673
many projects continuing, new opportunities are emerging & others accelerating as economic conditions permit. As a result, the Group has to date retained a substantial proportion of its revenues entering its new financial year
https://www.youtube.com/watch?v=JBB9bA-gXL4&feature=youtu.be
Liberum cut its target price on Speedy Hire to 72p from 86p, noting: “Looking around at other countries, it is by no means clear whether construction sites will all close or remain open.”
But it argued that Speedy Hire was well positioned financially: “It has £180m of committed facilities and £220m of uncommitted facilities, and the ability to cut cost and flex capex further. These give it scope to weather much more significant revenue falls that we have modelled. The shares are attractively value, looking out to the other side, and we see over 50% upside to our target price of 72p.”
Shares in Speedy Hire were off 10% at 42.0p by 1330 GMT.
https://twitter.com/surprised_trade/status/1241644523689836544
decent and sensible update rns
https://www.lse.co.uk/rns/SDY/trading-statement-2b5y8sw7a963dwl.html
RE: sdyFri 22:51
I had to come back! I cracked three ribs when I read your post. Chart looks like Evel Knievel Snake Canyon Rocket Bike jump!! and I know your old enough to remember that, your retirement funds down the crapper!
Did you enjoy the Bat Soup? I take it it was a starter? because things haven't really got started in the UK yet. Enjoy the ride! lol
https://twitter.com/surprised_trade/status/1241644523689836544
decent and sensible update rns
https://www.lse.co.uk/rns/SDY/trading-statement-2b5y8sw7a963dwl.html
I had to come back! I cracked three ribs when I read your post. Chart looks like Evel Knievel Snake Canyon Rocket Bike jump!! and I know your old enough to remember that, retirement funds down the crapper!
How's the Bat Soup!
Genuinely not wishing to ruffle any feathers or rub salt in any wounds but you all no doubt have a lot of knowledge about this company. I'm looking for a small number of value opportunities and this is on a relatively short long-list. Given everything you know, is this a share you would consider buying into now at current prices? Many thanks for any views.
Took the opportunity to reinvest this morning at 63p. SP plummeted to 57p support for split second before clambering back to MA200 at 62.7p. We are now back to where we were on election day.
https://twitter.com/surprised_trade/status/1238025164455129094
Speedy counts 85 of the UK’s top 100 contractors as customers ..nicely positioned
https://www.investorschronicle.co.uk/company-news/2020/03/11/budget-2020-chancellor-opens-infrastructure-spending-taps/
Had no problem buying 12k with AJ Bell this morning.
69.0 to buy, 68.4 to sell
..Except it's impossible to buy any at the moment except the occasional 1 or 2 thousand.
I employed same strategy as you Nohearts. Sold a chunk at 75p and grimaced for weeks as the sp soared to 87p. I sold another chunk at 85p just before the drubbing which was a wise move. Will be happy to buy back at 66p here if in the next fortnight the world hasn't gone to hell in a handcart!
" but I won't be rushing to top on these until they are back in the 64 - 69p range, which I just have a gut feeling will happen."
Told you they would be back in the high 60's range !
Seriously though, great opportunity to top on these now.