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Speedy Hire Share Chat (SDY)



Share Price: 59.60Bid: 59.60Ask: 61.00Change: 0.00 (0.00%)No Movement on Speedy Hire
Spread: 1.40Spread as %: 2.35%Open: 60.00High: 61.00Low: 59.60Yesterday’s Close: 59.60


Share Discussion for Speedy Hire


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peabop
Posts: 12
Research
Opinion:Weak Buy
Price:59.80
Update
16 May '18
Found it. £5.9m of revenue from acquisitions. If you add this, and the full year impact from Lloyd’s acquired in the prior year (say £8m), then c. £14m of the uk revenue growth was from acquisition. After adjusting for kit disposal revenue, uk growth is c£20.4m, so underlying growth is around 2%...
 
peabop
Posts: 12
Observation
Opinion:Weak Buy
Price:59.80
RE: Results
16 May '18
£2.1m on Carillion, £1.3m on people restructure and a large slug (£4.7m) on closing out property leases? Offset by international over provision.

I’d like better view on impact from
acquisitions. Not got to notes yet, but nothing in FD review talking about impact on revenue and profit. Stuffed £0.6m integration costs into exceptional, but no word on contribution to overall profit.

Lots of explanation around last years disposal adjustment to show growth in revenue, but no backing out the revenue they bought in the year.

They refinanced to give room for acquisitions, did two in the year (admittedly not very big) and then say nothing.

Only comment on uk like for like is that it was positive. Think it’s safe to say if it was higher than broadly 0-1%, they might actually say what the number is.

Growth is anemic compared to better performing end of peer group.

Chairman stepping down - perhaps he doesn’t feel there’s much left in the tank.

Net debt is nice and low - less than 1x EBITDA. How about some accelerated returns to shareholders to get that cost of capital down!
kentin
Posts: 4
Off Topic
Opinion:No Opinion
Price:59.00
Results
16 May '18
Would like more detail on difference between adjusted profit and profit before tax.
(8m !)

But pretty decent.

Would hope to see 62p today
kentin
Posts: 4
Off Topic
Opinion:No Opinion
Price:59.00
RE: Announcement tomorrow
15 May '18
Thinking about it £25m and 3.8 EPS

Adjusted figures.
The key will be recent trading
kentin
Posts: 4
Off Topic
Opinion:Strong Buy
Price:59.00
RE: Announcement tomorrow
15 May '18
Adjusted profit before tax £24m
Adjusted EPS 3.7p
Final Dividend 0.90p

That’s fairly optimistic.

Get that or anything above and shares will close above 60p
peabop
Posts: 12
Question
Opinion:No Opinion
Price:58.00
Announcement tomorrow
15 May '18
Any thoughts / expectations / predictions ahead of tomorrow's year-end announcement?
whaddaukno
Posts: 76
Off Topic
Opinion:No Opinion
Price:57.00
New Promotion
3 May '18
Has anyone seen this? Seems to be all over the trade rags and social media.

https://www.speedyservices.com/capital-commitment

Views?
Maccaroo
Posts: 1,183
Off Topic
Opinion:No Opinion
Price:54.00
sdy
24 Apr '18
on the up
Maccaroo
Posts: 1,183
Off Topic
Opinion:No Opinion
Price:53.80
sdy
18 Apr '18
Interesting day?
RedradScouser
Posts: 7
Off Topic
Opinion:No Opinion
Price:52.00
Update
3 Apr '18
Interesting thoughts Peabop

Also, unless I've missed something, there has been no mention of PACS, a large customer that Speedy acquired when they got into financial difficulty early last year.

This will have provided improved hire revenue by dealing directly with the principle end user customer (Alstom) and others of course but more significantly will have cleverly acquired their not insignificant consumable sales revenue, rumoured to be well in excess of £10m per annum.




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