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Started: StockCheque, 2 May 2024 20:38
Last post: StockCheque, 20 May 2024 13:06
UK-based rental company Speedy Hire has been named as one of the Financial Times Europe Climate Leader.
The award is given to companies who are most successfully reducing their core greenhouse gas emissions.
In the case of Speedy, which has received the award for the second consecutive year, it has been recognised for its track record in supporting the decarbonisation of the British construction industry.
Last July it also partnered with manufacturer Niftylift to launch the world’s first hydrogen-electric powered access platform. More recently, in October Speedy acquired Green Power Hire Limited which it said will enable it to provide zero-carbon hydrogen-powered battery storage units.
It has also announced the launch of Speedy Hydrogen Solutions, a joint venture with AFC Energy to provide zero emission, temporary power solutions designed specifically for the off-grid generation market.
As well as the Financial Times Europe Climate Leader award, Speedy have also been awarded a Gold rating from sustainability ratings platform EcoVadis, meaning it is in the top 5% of UK businesses for decarbonisation readiness.
Meanwhile, it has also received an A- rating for disclosure and environmental performance from the Carbon Disclosure Programme and the Sustainability and CSR award at the Hire Excellence Awards.
https://www.internationalrentalnews.com/news/speedy-hire-recognised-as-climate-leader-/8037317.article
Speedy Hire Named Financial Times Europe Climate Leader
https://www.construction.co.uk/construction-news/307649/speedy-hire-named-financial-times-europe-climate-leader
Started: MasterRSI, 15 May 2024 18:11
Last post: MasterRSI, 20 May 2024 11:58
A nice steady rise once again with volume today
spread 28.40 v 28.70p +0.15p
Nothing better to say than the order book did give us a clue as to how is going to finish with the UT at 28.40p
But the spread at the end was much better 28.35 v 28.70p
Looking much better from the start today, maybe we will finish at that entry point of the day 28.45p, but at the moment the spread is 27.75 v 28.45p
Charting website 'British bulls' they have moved to Buy after today's rise last night.
ttps://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=SDY.L
The shares are looking for that bounce
Chart with comment ... https://uk.advfn.com/p.php?pid=chartscreenshot&u=%200EMZ%20ghzlKOaEvZb1iEYBOhtIiCS3LYYgvcUcK77jA=
Started: Walk1958, 10 May 2024 10:54
Last post: MasterRSI, 16 May 2024 21:54
Re - Not posted on this board before
Not a very good start to it then with your posts no. 1. The market Index FTSE 250 was all over the place this afternoon and SDY SP was much the same, yet the finishing spread 27.65 v 28.45p means it was up for the day, though the UT came at the bottom of the spread.
Not posted on this board before but couldn't agree more. Have some experience with this company. Seems the ethos KEEP IT SIMPLE DO IT WELL does'nt apply here. and it hasn't in a long time i'm afraid. All your comments ring true Walk1958. I bet you remember the good old days :)
Why has this current board including the CEO not got the CORE range going . We have seen most of the gimmicks over the years that really come to nothing . Get the sales team working on CORE products as its the only way to flog this dead horse . You judge the strength of a sales team on sales /Hires not the number of visits to non existing people . Go back to what you where good at Speedy supplying customers with the newest equipment , equipment that works , and delivered on time . It's not Rocket science , all depots having their own sales rep and if the depots core products don't move then you look at swapping the salesman over to another more successful branch as it may just be he / she doesn't fit in .It shouldn't immediately be seen as being a bad rep , but move them to help them to become better reps PUSHING CORE PRODUCTS.
Started: MadMat, 9 May 2024 16:09
Last post: whaddaukno, 13 May 2024 23:47
25p here we come….
I imagine it's simply light hearted optomism which I support. Can't explain the rises and falls sometimes.
On what grounds?
...
Re-reading the RNS trading update, we ought not to have fallen so low, but fortunately I topped up at 23.7p (okay so this was on the back of top ups at 26p, 29p, 35p).
Personally, I think we will see a continued rise into the June results back towards the 35p with positive market news flow, anticipated rate falls (not actual as I think we're now looking at August) and growing confidence. I agree MadMat, we will be paid our dividend from the trailed £20m in free cashflow.
Plenty of reasons to think we've bottomed out and we are on our way back up.
Also, if they we're expecting to not pay or reduce the dividend then it probably would have been announced by now.
... and it's not been announced so chances are that it will be paid.
Ok, Cheers..
Cant remember the exact numbers now but they looked to be about 10-15x the avg daily volume yesterday (according to my Stocks app anyway)... Struck me as very odd.
It was always going to jump as this is a good business and once the macros come back to the construction Industry it will fly.
Does anyone have an idea what drove Mondays volume?
I only have a very small holding here, jumped in for a quick 10% and got trapped as it went sideways....
Other than recent Director buys I'm a little stumped at the volumes...
Started: Scutzy, 15 Apr 2024 21:03
Last post: Teddy100, 22 Apr 2024 17:02
Some significant buy and sells gone through today which has been reflected in the SP.
Started: EquityDevelopmen, 11 Apr 2024 09:41
Last post: schwee, 12 Apr 2024 22:18
Corporate b/s.
Thanks for posting that.
Against a tough trading background in FY24, Speedy Hire has taken steps to build a platform for long term sustainable growth through the launch of its Velocity strategy. While progress has been more strategic than financial in the year – although we note positive underlying cash flow was achieved - new business wins, the acquisition of Green Power Hire and a transitioned B&Q model all suggest that profitability is likely to move ahead again from FY25 onwards.
Speedy’s FY24 pre close statement echoed January’s trading update, pointing to successful new business wins with National customers but also some mobilisation and adverse seasonal effects. Stated group revenue of c.£420m infers that H2 was slightly ahead of H124’s reported £208.5m. While closing year earnings expectations are likely to nudge down further, the prospect of year-on-year progress from FY25 onwards appears to be intact.
The launch of Speedy’s Velocity strategy in FY24 laid out clear group financial (FY28 revenue of £650m, EBITDA margin 28% with conservative gearing metrics) and operational ambitions (to deliver sustainable growth from an efficient digital and data-driven platform). The primary enabling actions are expected to be in place by the end of FY26, though there is clear capacity to accommodate an earnings recovery and growth beginning in FY25.
Notwithstanding market conditions, the company has taken clear strides in FY24 towards achieving its five-year targets, investing accordingly.
Link to research note: https://www.equitydevelopment.co.uk/research/building-a-robust-platform-for-growth-fy24-pre-close-statement
Started: Budgie1503, 10 Apr 2024 13:42
Last post: MadMat, 10 Apr 2024 16:51
It sends a very strong positive signal to the market to see the directors on a buying spree
I Don't blame them I'd be buying too (to average down) if I had funds.
Started: phax71, 10 Apr 2024 14:36
Last post: phax71, 10 Apr 2024 14:36
And still they're BUYING
Started: phax71, 10 Apr 2024 12:15
Last post: phax71, 10 Apr 2024 12:15
They're all buying now :)
Started: phax71, 10 Apr 2024 12:08
Last post: phax71, 10 Apr 2024 12:08
Looks like we hfinally have some insider buying to the value of £20k
Started: MadMat, 5 Mar 2024 09:12
Last post: Budgie1503, 25 Mar 2024 14:30
It will cost approximately £13 million to maintain the current dividend. Being optimistic I reckon they wiil maintain it but not increase it.
Any other direction of travel admits a failure of the Velocity growth plan.
End of year coming up but results in July?
Https://www.investorschronicle.co.uk/news/2023/11/23/profits-down-at-speedy-hire-as-low-volumes-persist/
ok, this article is from Nov last year but it says,
"Broker Peel Hunt maintained its full-year Ebitda forecast of almost £110mn following the release of Speedy’s interims, although it did reduce its pre-tax profit expectations to £30.5mn from £33.5mn. "
10% lower would be about £27mn, which is still about 20 times better than last year as I understand it.
Did the article mention about cutting the dividend Simon? The yield was so good it was the main reason for many investing here.
The article in the Times said profit forecast was 8-10% down on expectations.
Didn't have another warning RNS, looks like institutional selling. Martin Currie Investment Management Limited is reducing its stake. Could be an interesting recovery play from here.
Started: StockCheque, 11 Mar 2024 09:28
Last post: StockCheque, 11 Mar 2024 12:10
Interview worth watching.
https://www.youtube.com/watch?v=ZChWkz-7tMw
Speedy Hydrogen Solutions announce its first state-of-the-art 30kW H-Power Generator ready for hire.
https://www.linkedin.com/feed/update/activity:7172848763818991618
Started: Budgie1503, 8 Mar 2024 16:55
Last post: Budgie1503, 8 Mar 2024 16:55
I would have more faith in the board of directors who have implemented the Velocity strategy if they were filling their boots at this low price.
I need double this price to escape unscathed. Patience my man patience!
'We are pleased by these contract wins and have a strong pipeline of opportunities. This new business has been secured with good pricing discipline and demonstrates the attractiveness of Speedy's customer offering'. This suggests new business rather than just the same again so if it is just a rolling of existing contracts they would be putting out a misleading release.
A new contract doesn't mean new business
An agreement that has expired but has been resigned for 2024 / 25 will be classed as a new contract. It's not brand new revenue
The operative word being "new".
I read it that the new multi-year contracts' revenue will show up in the FY25 accounts rather than in FY24.
So if I understand, your view is that contract renewals have been misrepresented as new contracts, and therefore don't offer the stated growth opportunities.
Basically you think they're lying , is that correct?
Started: MadMat, 28 Feb 2024 09:05
Last post: MadMat, 28 Feb 2024 09:05
... seems like a lot...
Any theories what ?
Started: HorisM, 8 Feb 2024 09:55
Last post: Teddy100, 19 Feb 2024 16:25
I think it is starting to warm up, and about time.
Thanks for the reply and referencing the article
Shouldn't that have been RNS'd ... I've not seen it. So how do you come to that opinion.
thanks
Hi Horis,
What makes you think the directors bought 5% a few days ago?
thanks
M
Nice write up in the Times today about the shares being oversold and tipping as a buy. The current valuation is ridiculous.
Started: WalkingBoss, 6 Feb 2024 16:59
Last post: Maccaroo, 7 Feb 2024 16:40
whot a ********* u r
Delusional horrible vile individual
Who's got the gold? left someone cold. Who's made of crime, stepped out of line, done something sublime, who's made of crime. Stepping out in the cold and rain, I've seen it before and it still looks the same. Who's got the cash? Tell me who's got it?
How is the company still breathing, I've seen more life in a tramps vest! Investors burning fifties in the shower since 2009, where's the good morning macaroon or whatever he was called, still catching falling knives or swinging from a rope! I'll see you all again when I need a good laugh.
Started: MadMat, 7 Feb 2024 12:56
Last post: MadMat, 7 Feb 2024 12:56
A vote of confidence is one thing, but doubling your position to 47M shares is really putting your money where your mouth is.
Wonder if those 2 x 3,000,000 trades were buys or sells
The profit warning was given in the half year results, 22nd Nov… so the market reaction to the reiteration of this in the recent trading update, was a massive over reaction in my view.
Whilst it’s a shame to see the gains of recent months wiped out in a day, I can see that the company is investing heavily and transforming, the Velocity programme, the drive to net zero, the BnQ partnership… and I expect the benefits of this to be realised over the coming quarters.
You clearly have crystal balls. Please tell me when to buy to reverse my misery.
My post from 22 Nov....."That's a huge H2 weighting required now to hit the expectations of analysts, not sure how big the drop will be here today but on the first read-through, this appears to be in need of a downgrade on 2024. I'm a follower, not invested but cannot see this worth more than the 20-25p range"
Looked very obvious this would fall so why take so long to make this downgrade broker?
Debt follows a predictable pattern. Value different,phasing the same
Started: ripley94, 30 Jan 2024 18:44
Last post: ripley94, 30 Jan 2024 18:44
Down 18% today to 29.6p near last October price again .
Not much chat on this BB.
I noted 14/11/23 up 17% to 34.7p
Back to July 2009 price when falling back to 27.75p by October 2023.
Looks like my last Buy 28/01/21 69p odd reason for doing so but could of sold 20/5/21 @ 75p.
What with Brexit, Covid, a disastrous mini-budget, and looming election; there is little confidence in the government with anyone… particularly with overseas investors. As such the UK equities market is at bargain basement prices….
Good time for those with enough nerve to be building strong diverse portfolios
The share price is a multi year low... anyone knows why the decline? (not just following todays news of course)
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
Started: Budgie1503, 30 Jan 2024 16:35
Last post: Budgie1503, 30 Jan 2024 16:35
Wave bye bye to the dividend. Something will have to give and I reckon it's the shareholders 6 - 7% payout.
Ripe for takeover for buyout company with a big stick as the core market is sound but the management sadly failing to grasp it.
Good morning all.
Started: dab808, 15 Nov 2023 12:36
Last post: jlovie, 22 Nov 2023 12:46
Nothing in the results persuades me to buy back in.
The Board remains confident of delivering results for the full year, albeit at the lower end of its expectations.
That's a huge H2 weighting required now to hit the expectations of analysts, not sure how big the drop will be here today but on the first read-through, this appears to be in need of a downgrade on 2024. I'm a follower, not invested but cannot see this worth more than the 20-25p range.
I've sold today, at just over 37p, before results. I've lost out on too many others by holding through pre-results spikes.
I'd only intended this as a quick recovery trade but ended up holding for 6 months. Bought just under 33p hoping for a retrace to c40p. I've also had the dividend so a decent enough trade.
I not ruling out buying back in on any drops.
Certainly good to see Speedy improving their Green Credentials... and positioning themselves to support their customers in achieving that same ambition.
So there is life in the old dog yet.. Very quiet here though. Is everyone on holiday or posting elsewhere these days? Yesterday price rise was clearly a leak ahead of today but we're nicely up this week and long may it continue.
Results next week, on the backdrop of lower inflation and interest rates yields falling allowing borrowers to lock into cheaper rates to fund some home improvements or businesses to consider kicking off some infrastructure investment.
Let's hope we've seen the bottom and we begin to gain some traction again. Money flowing back to FTSE 250 finally!