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See it doesn't like the 'less than' symbol
Holdings in company
======================================
When/Who Before After %Change
--------------------------------------
GAM Investment 5.21 4.67 -0.54
Jupiter Fund 4.88 8.05 3.17
FIL Limited less than5% 5.25 5.25
Lombard Odier 2.85 3.24 0.39
Schroders Plc 11.99 10.89 -1.1
GAM Investment none 5.21 5.21
Schroders Plc 12.99 11.99 -1
Martin Currie none 5.03 5.03
Schroders Plc 13.00 12.99 -0.01
16.4 total
=========================================
Holdings in company
======================================
When/Who Before After %Change
--------------------------------------
GAM Investment 5.21 4.67 -0.54
Jupiter Fund 4.88 8.05 3.17
FIL Limited
Looking at the Holdings in Company RNSs over about 6 months... it seems whilst Schroders is reducing their huge position, for the most part the big boys are buying.
Holdings in company
======================================
When/Who Before After %Change
--------------------------------------
GAM Investment 5.21 4.67 -0.54
Jupiter Fund 4.88 8.05 3.17
FIL Limited
They haven’t named the 40m customers that I can see?
So my question is,are those renewals with existing customers.? IE “old new” or brand new deals “new new”
I guess the former as they would surely name “new new” to show they are capable of capturing new opportunities.
Does anyone have anything to say about the RNS?
For example:
"in the third quarter, we secured over £40m of annualised revenue from new multi-year contracts. These contracts represent attractive growth opportunities but have taken longer to mobilise, due to contract specific delays. Therefore, new contract revenues will have only marginal benefit in FY24 with the full effect coming in FY25"
So teddy you are exiting at 33p? .... in the last breath you were saying what great faith you had in Speedy. Oh the irony.
And please don't paint me out to be a bitter loser. I did sell some of my holding in the 70's but admitted buying back many prematurely. I also purchased a lot on the black finger dip to 29.5p a few months back and sold yesterday afternoon. In future i shall still be trading these but will be reducing my core holding.
The reason: I don't trust 'spend spend spend Viv Nicholson' Evans who will wreck the company in pursuit of woke credentials.
I used to trade stocks for a few pence and made good money.. I now hold for 2-3 years and make 25% more.
Guess you have to learn that yourself
@Number2: I will be out at 33p, you on the other should have sold out at 77p. I empathise with your bitterness. At 33p imo represents good value for this company.
tell me what's good about spending way over budget on a s****y new showroom with all the mod-cons in the middle of nowhere, paying £20 million for a start up company that was worth less than half million 2 years ago, and employing a woke diversity officer who is squandering millions chasing equality targets. evans has already fitted out all the vans with fibrillating equipment and vowed to commit donating large sums each year to the british heart foundation.
now tell me what's good about the company and where i am going wrong?
I know this company, good business, I expect a quick tick up in the coming weeks.
Morning maccaroo. Bought back in at the near bottom? Let's hope you've got the midas touch.
Upward projector from here on in.
Sdy still tripping itself up year in year out up but the dividend is a softener for now as you know.
Next set of results in a few months so let's hope the construction market hasn't slacked too much.
Good morning all. I'am back.
Good morning all.
Looks good to me... fantastic in fact. You just add it to your basket and it magically arrives on your door step. Perfect really.
Https://www.diy.com/tool-hire.cat#icamp=HP_Services_Speedy
Hire via DIY.com or Tradepoint.co.uk
Order satisfied via existing network
How is it actually working?
I mean, if SDY have people and equipment in BnQ branches now, then its hard to see how the revenue will outweigh the costs,
However, if we're talking about being able to book hire of SDY equipment via the BnQ website... then bingo... you've accessed the BnQ customer base at almost no cost.
I just don't see it working (sorry). Speedy have been there before with B&Q - for those with a long enough memory. There is a market there, but I can't see the lower discounts offsetting the extra costs to support this level of customer. By all means make your own depots more accessible, and access the 'joe public' market, but you can do this without a tie-in to B&Q.
I'd find it hard to believe that this doesn't suit B&Q a lot more than it suits Speedy
A nice rise in the SP yesterday.
I'm all over the energy sector, so liking very much the three deals in the sector. But the game changer is the rental deal with B&Q customers. Going into a speedy store can be quite daunting even for us trades folk, so even harder for Joe public. But everyone is ok with B&Q and less intimidating to ask questions on what tool to hire.
From 2023 annual report,
“ex ecutive directors are required to build up and maintain an in employment shareholding worth at least 200% of base salary
It’s interesting to note the recent share purchase by CFO. Do any of you guys know if this was a ‘required’ purchase (he must own a certain amount of shares as per terms of his employment contract) or did he just buy on the open market?
Nothing in the results persuades me to buy back in.
We all have 20:20 vision in hindsight,
Not the best results. Never good when profits and revenues are decreasing, however, historically, we do tend to see a much better second half performance.
The B&Q deal looks promising. I think it's also important for us to remember that they're heavily investing in growth at present. Therefore, the profit decrease doesn't seem as dreadful.
Reasons given for profit reduction make sense:
'Investment in transformation to support Velocity strategy
Kazakhstan joint venture performing behind the record performance in FY23, also impacted by dollar exchange rate movements.
Higher interest rates.
Increase in the corporation tax rate'
So, definitely not good to see a decline, however, maybe the 46.2m EBITDA is a more accurate representation of future potential?
In hindsight, wish I sold two days ago and bought back in on the drop - never mind, looks like I'll be in for the interim dividend then. Good luck everybody