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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
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
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 :)
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=
Looking ahead the chart is looking much better after today's Candlestick closing
The signal is a BULLISH HAMMER:
The share price has moved up from the lows and then a 50% retracement and now is ready to go higher again.
chart with Candleestick .. http://uk.advfn.com/p.php?pid=staticchart&s=L%5ESDY&width=500&height=300&p=1&t=1&dm=2&vol=0&cb=
25p here we come….
I imagine it's simply light hearted optomism which I support. Can't explain the rises and falls sometimes.
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.
On what grounds?
...
Speedy Hire Named Financial Times Europe Climate Leader
https://www.construction.co.uk/construction-news/307649/speedy-hire-named-financial-times-europe-climate-leader
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...
Some significant buy and sells gone through today which has been reflected in the SP.
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