Speedy Hire Share Price (SDY)

I expect speedy products to be in great demand for the rest of the year as projects struggle to catch up. Recovering nicely in prep for next Tuesdays final results. Expecting us to break our all time High share price in next 3 months.

Maybe we have a winner here. I will add also info that institutional funds are buying the stock at the moment you can check here https://fintel.io/so/uk/sdy

https://twitter.com/surprised_trade/status/1248134307165724673

many projects continuing, new opportunities are emerging & others accelerating as economic conditions permit. As a result, the Group has to date retained a substantial proportion of its revenues entering its new financial year

https://www.youtube.com/watch?v=JBB9bA-gXL4&feature=youtu.be

Liberum cut its target price on Speedy Hire to 72p from 86p, noting: “Looking around at other countries, it is by no means clear whether construction sites will all close or remain open.”

But it argued that Speedy Hire was well positioned financially: “It has £180m of committed facilities and £220m of uncommitted facilities, and the ability to cut cost and flex capex further. These give it scope to weather much more significant revenue falls that we have modelled. The shares are attractively value, looking out to the other side, and we see over 50% upside to our target price of 72p.”
Shares in Speedy Hire were off 10% at 42.0p by 1330 GMT.