Speedy Hire Share Price (SDY)

To cut debt and fund the purchase of HSS out of administration?

Then close many branches to cut costs?

I have cash waiting, but will not buy in until this is single figures!

Today’s weakness maybe because of the service sector figures released but bearing in mind the positive cash flow that was announced in the last two months, this may have held up well.

In addition if interest rates are reduced this month, that will also have a positive impact.

If I had more cash I would be buying.

Still must go and see to my horses.

Although debt going down slowly, this still puts the company into "" HSS Territory"

"Meeting revised expectations" - new note freely accessible here: https://www.equitydevelopment.co.uk/research/meeting-revised-expectations

Having last updated the market on 3 February, Speedy’s FY25 outturn has been consistent with commentary at that time. As a result, EBITDA looks to be in line with the prior year with a slightly larger H2 weighting despite a quieter Q4. In our view, Speedy’s share price discounts long-term profitability below current levels and the c.40% NAV discount looks anomalous.

Speedy’s share price has traded around the 19p level since this time, so our valuation observations at that time remain valid. With pressure on UK GDP expectations, cyclical exposure is seemingly out of fashion as reflected in Speedy’s earnings multiples. The same sentiment is driving an unconventionally high dividend yield of 13.3%; we acknowledge some outlook risk here though consider this to be almost certainly overdone.