Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Dan Evans, CEO, and Paul Rayner, CFO of Speedy Hire plc, hosted an Investor Presentation covering Full year results to 31 March 2024. Management highlighted the breadth of their business beyond the traditional focus of construction, the strong free cash flow metrics and the ongoing execution of the Velocity transformation and growth strategy. Management also discussed the major infrastructure contract win with Amey (announced 20th June), and answered a range of questions from viewers.
The full video is divided into chapters, for ease of viewing, as below:
Timestamps
0:00:00 Beginning and Speedy Hire video
0:02:23 Introduction
0:02:56 Highlights
0:05:36 Financial Update
0:20:23 Business Update
0:31:25 Strategy & Transformation
0:39:45 Summary & Outlook
0:41:12 Questions & Answers
Link to video: https://www.equitydevelopment.co.uk/research/speedy-hire-investor-presentation-fy-results-june-2024
And then another nice RNS
the CFO has accumulated around 300k shares since November.
if that's not a display of confidence then I don't know what is
Indeed. With its collaboration with AFC. these are two penny stocks you definitely want to hold and build upon.
I'm not so close to what a 'regional softening' might mean, whether this is UK regions or wider, whether it is demand or competitive pressures. Unlike other companies I follow there is little softer stuff that comes up, I've not gone hunting for further into but I cannot seem to find recent CEO or Analyst presentations. I only have a small part of mu portfolio invested here so only follow the headlines. I should probably do a little more research...
And we know roughly what it is worth....
HSS Hire Group Plc ("HSS" or "the Group") announces that, following a retender process it has been notified by Amey Plc of its decision to move to another supplier for the provision of its equipment rental managed service contract. The supplier agreement will end early December 2024 subject to any transitional services that HSS may agree with Amey. The agreement, which commenced in December 2015, accounted for approximately 7% of Group revenue and 10% of Group Adjusted EBITA in 2023.
A contract win is always positive
Can’t argue with that. Any view on “regional customer softening?” Mine is that the pricing model is wrong for what is a large portion of revenue.
They tend to be the most price sensitive segment,not being tied to multi year deals
Hi Whaddaukno, yep you are correct. But have you taken a look at the construction-pmi over the period?
It is not about last year, that's in the price, and why we fell to 23p, the outlook is what is important and look where confidence is heading...
https://tradingeconomics.com/united-kingdom/construction-pmi
Numbers are massaged due to no repeat of 20m asset impairment from last year.
Virtually no growth,with profit driven in FY25 purely by cost cutting
SHS is not performing to even worse case business case assumptions
What is “marginally ahead?” In terms of YOY.
Morning all, I'm in at 28.5 and will probably double up by the next quarter.... I like this one as I feel like a hire company is better placed than most to pull some levers and improve profitability! Good Luck all x
@dab808
I agree & even better we are paid a handsome divi for waiting, I thought these numbers were most encouraging
An excellent performance in difficult conditions. 1H 2025 ahead of last year and confidence in this year given new contract wins. With falling inflation and interest rates, I'd say we have seen the bottom. BUY.
29p / Keeping strong on a day of the market being well down
Speedy Hire plc, the UK's leading tools and equipment hire services company, operating across the construction, infrastructure and industrial markets, will be hosting an Investor Presentation covering its Full Year results for the financial year ended 31 March 2024.
The online event will be hosted by Dan Evans, CEO, and Paul Rayner, CFO, and will begin at 11.00am on Thursday 20th June.
Questions can be submitted during the presentation to be addressed at the end.
The presentation is open to all existing and potential shareholders - you can sign up to register below.
Link: https://www.equitydevelopment.co.uk/news-and-events/speedyhire-investor-presentation-20june2024
The closing UT at 28.90p was the best price of the day
28.65p +1p
Finally is breaking up from the 28p that lately was resistance
Today's news of higher growth in the Construction sector in the UK it should be a good omen for the company looking ahead. Spread 27.75 v 28p
Things are looking better it seems, slowly the good reports are on the way ....
" June 3 (Reuters) - British manufacturers reported a return to growth last month after a long slowdown, according to a survey published on Monday, but the higher prices charged by firms may add to the Bank of England's caution about cutting interest rates.
The final reading of the S&P Global UK Manufacturing Purchasing Managers' Index for May rose to 51.2 from 49.1 in April, its highest since July 2022 when a surge in energy prices was starting to hit the sector."......
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