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Merry xmas and a happy new year to all speedy holders :-))
ALL trades shown on LSE today were SELLS of volume 636 !! Something rather ODD ! ---- Yours, Max.
It make perfect sense whadda'. They hire lifters and plant which needs specialist licences, then it's a good sideline to provide the training/licences. So it's just expanding on this side of the sideline.
Interesting choice of acquisition? Whilst their competitors acquire to boost hire revenues -A Plant buy Hoist It,VP acquire Brandon,Speedy go a different route.
More ROCE/Profit in that type of market? Or, is Speedy missing the point & or not addressing the concerns about organic growth of HIRE revenue regularly raised on this board?
Welcome back, belatedly. Hope you are well, as is the company, though it should be showing more strength i believe in its share price. I don' worry over this as the company is very much following the correct pattern in its approach to both business in all its variety of matters to be observed but also to its workers and customers. It aeems to me to be deserving of more recognition from the larger industrial firms who require almost instant supply of essential equipment delivered to site, and of the right kind. The people supplying to customers need to be very knowledgeable about the customers urgent needs and the fulfilment of those needs. ---- Yours, Max.
Good morning all :-))
Shares sold twenty million ______________ Shares bought twenty four million.
Result __________ SP declines more than three pence. ...................... ---- Yours, Max.
I have often wondered similarly, this is no answer:- It seems as though the Market makers (MMs) at the Stock Exchange behave like the stall holders in a produce market who may lower their prices on certain more perishable things during the last half hour in order to attract more customers. Try to observe if you have the time what the results are at about 5.00 pm, after the market has officially closed.
Hi all, I’m new share but I’ve been tracking trades every day and the share price for a few months. I was hoping somebody could help and explain why the share price doesn’t increase when shares are bought. Since the beginning of November there have been a large gap between shares bought to shares sold. I thought the share price would reflect this but it seems to stay the same
Schroders added another 1.5 million shares yesterday.
(10.2% total)
why would owners put a business in administration ?
They lose control, they get nothing.
I know that they owed HMRC £1m and unsecured creditors got about 40p in the pound.
The only winners in an administration are the administers themselves, whose partners charge anuthing from £600-£1200 an hour (in this case).
Anyway - hope Speedy do well, as I have roughly £20k worth of shares.
I just think they have done all the work to get the business in good operational shape, but just struggle to see any growth in the core revenues over last 18 months & why will it change.
LLoyds Testing didn' just go into administration, it was put there by its then owners. Speedy Hire came along and bought it from the administrators, in what I would say was a good business transaction, wouldn't you ? Of course, I don't think the Testing employees are all desk bound, they probably have to have some kit available to take to the requisite site. Since the company has scheduled the ISOs it follows the certificates issued by Lloyds will have to be competently recorded after examinations are carried out. In my view a very good service to offer Contractors up to their necks in building whatever they do. The power lifts recently purchased must be a God send to some Contractors. All this work for SDY will obviously be useful in providing revenue but also great experience for apprentices in the trade. ---- Yours, Max.
Had another look at report, The fours touch, only in london, is a promise to deliver within a four hour window. Order at 10.00 and receive gear by 2.00 would seem to be the strategy. If these promises work in Log Jammed London then it seems a good way of getting new customers, particularli in the SME stream. The competition would need to at least equal their promises. Glad you like the British Lloyds Testing service. ---- Yours, Max.
Lloyds British should have higher ROCE because its a testing & certification business and doesn't require kit standing to hire out.
That said, it should generate high repeat business as LOLER testing required either annually or 6 months, and service a bit more important than price. Then again it managed to go into administration 2 years ago.
With London traffic gridlocked Max i can see a lot of customers claiming there free-week hire by default.
NoHearts agreed Speedy need to be more aggressive in growing organically. They have plenty of headroom to borrow more should a bargain arise.
The Shares magazine today suggests growth for Speedy is in services rather than plant hire.
<Lloyds British is a gem of a business with very high returns. For example testing and inspection firm Intertek (ITRK) has a ROCE of over 27%>
https://www.sharesmagazine.co.uk/news/shares/speedy-hire-delivers-strong-growth-and-dividend-hike
You may recall the company offering, in the London region, a promise to provide equipment the SAME DAY if ordered by 3.00 pm OR you can have one weeks free use if they fail. They found the response was so good that they extended the promise Nationwide after about four months. Now another offer has been made, again only in London, to provide a four hour window. I am not sure how this works. Any thoughts on this new strategy ? ---- Yours, Max.
“to deliver on its strategic aims”
What is the strategy ?
Increasing utilisation and ROCE is not s strategy
Shares “materially undervalued” says broker
In a note to clients, analysts at City broker Liberum said the results provided evidence that the group was continuing “to deliver on its strategic aims”, adding that “improving asset utilisation and significant share gains with SME clients suggest an encouraging outlook”.
The broker also said that with the balance sheet providing “an additional source of optionality in the medium term”, the shares were “materially undervalued” and pegged the stock with a 74p price target, a 27% premium on the last close of 58.2p.
In early trading Wednesday, Speedy Hire shares were steady at 58.2p.
Solid but that's about it.
Full year EPS 4.5 max
Full year dividend say 1.4p making 2p in total ?
Yield would be 3.3%
P/E ratio 13 - 14 for fully year.
Balance sheet clean, not much debt therefore, little downside
Little to no core growth - so hard to see much upside.
Difficult to see why these would trade outside a 52p - 68p band in the next 12 months
Thoughts ?
Due tomorrow,14th
Are they due out tomorrow ?
Someone has lit the fuse {:-))
Steady progress today, maybe we shall hear of some good developments soon. ---- Yours, Max.
Had a look at Fundamentals ___ Shares SOLD Nearly 1000 ____ Shares BOUGHT Nearly !,000,000
How Dat ?? Moving up nicely ----- Yours, Max.
Some big buys today{:-))