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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.
Reassured of SDYs staying power of late.
Has reached brokers targets and is pushing boundaries for another breakthrough. Lots of new buyers and sellers has given it a new lease of life.
Looking forward to seeing 90p by the time of trading statement in mid to late March along with a push ahead with dividend too.
walking boss---------last post --------Dead in the water! Don't put any ribbons on the Cup just yet, let's wait until year end shall we. Delusional chaos.
just wanted to congratulate all the LTH investors in this stock .
some of you waited a long time to succeed but you have been proved correct and the troll
WALKING BOSS has been outed as a total idiot well done people dyor.
Even more convinced this will drift a bit lower in the next 6 - 10 weeks.
As said previously, I'm not a trader, and I think money is best left in the market long term, 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.
The 'Boris bounce' was well over cooked for domestic stocks, whatever your position on Brexit there is a huge amount or work / uncertainty over the next year.
We are probably close to being in a mild recession - construction still poor. It's going to take months for Government to decide what the do with infrastucture.
Best scenario ? Cancel HS2 and allocate the billions to Northern towns and cities to spend on local projects that deliver much more bang for the buck.
Worst scenario ? Cancel and spunk more money on London projects.
We (Speedy) had a cracking run from August to early January going from 48p to 80p.
Long term (3 years) ?
The business in great shape - the move to services and serving smaller business was the right call.
Relatively little debt, undemanding PE ratio, decent yield, dividend well covered, scope to increase dividend.
The downside ? The board / management are a little over cautious in my view. Organic growth in Hire is **** poor.
It's a competitive market and needs continuous operation excellence and the business used to have history of whacking one into their own goal every so often.
Remains a long term hold / buy / value stock.
OK Ive just allocated some of my funds in my SIPP into this one.
I did the same with RFX and NWF this time last year and I am 53% and 4.5% up respectively.
Ive also allocated into SRC today, humming and arring over RDW & HAT.
Put the mockers on it there lads !
We'll keep the faith though
What a great run we've had and what happens next is anybody's guess. My only comment is we have risen from 45p to fleetingly touch 81p yesterday. As i believe in 6p support/resistance levels my theory seems to have played out well. The sp bounced off 45p last August and rocketed through 51p, 57p (a real toughnut to crack), 63p, 69p, 75p before faltering and recoiling from 81p back to 77p now.
That's some performance smashing through six barriers. I think some retrace is overdue but that's only my own personal opinion and may be wrong. I took 20% of my holding off the table at 75p and was wrong. This morning i sold another 20% at 79p but could be wrong on that too. Good luck all whatever you decide.
Achieved new high this morning. If it gets a hold at 80p then new target of 85p should be achievable. Lots of numerous (for speedy anyway) small purchases over the last week showing a fresh impetus compared to the laboured activity through Autumn months.
my view is that they will drift around the 74p mark for the next 3 months. Wouldn't totally surprise me to see them drift back to high 60's, however I'm a long term holder not a trader. I'd certainly top up if they did.
I don't know why but the shares seem to do well in December drifting lower in the 1st quarter of each calendar year.
The investment boom promised by Boris is priced in - arguably there are few shovel ready projects.
Speedy’s shares experienced some weakness in 2019 with investor jitters centred around the subdued industry backdrop. But momentum in the last three months of the year suggests confidence is returning. While the uncertain political climate persists, the shares saw a 14 per cent ‘Boris bounce’ following the election. But should hire conditions worsen, the group can trim capital expenditure and age its young fleet to boost cash flows. For now, the SME segment continues to hold promise and initiatives such as the Speedy app and same-day delivery guarantee should help increase market share. Meanwhile, expansion into non-cyclical services will underpin further growth. With the shares trading at 12 times forecast 2021 earnings, they are hovering around a 52-week high, but the valuation isn’t overly demanding for the potential on offer. Buy.
Last IC View: Buy, 56p, 15 Nov 2019