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Pin to quick picksSpeedy Hire Share News (SDY)

Share Price Information for Speedy Hire (SDY)

London Stock Exchange
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Share Price: 28.30
Bid: 28.00
Ask: 29.25
Change: 0.00 (0.00%)
Spread: 1.25 (4.464%)
Open: 0.00
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Low: 0.00
Prev. Close: 28.30
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Liberum nudges up target price on Speedy Hire

Tue, 25th May 2021 16:10

(Sharecast News) - Analysts at Liberum nudged up their target price on construction tools and equipment hire firmn Speedy Hire from 82.0p to 90.0p on Tuesday, stating the group's strong balance sheet had boosted its outlook.
Liberum said Speedy's March results were 6% better than it had expected, driven by stronger than expected margins.

The broker also highlighted that Speedy has continued to outperform the market helped by superior service and continuing to win back smaller customers.

"Speedy should benefit from the favourable construction outlook, boosted by market outperformance and options from its strengthened balance sheet," said Liberum, which also reiterated its 'buy' rating on the stock.

"We see upside to our 90.0p target, set using ROCE/WACC, as returns improve and capital is redeployed."
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Speedy Hire sees H1 revenue and profit ahead of last year

(ShareCast News) - Tools, equipment and plant hire services company Speedy Hire said revenue and pre-tax profit for the first half are expected to be ahead of the previous year, while profit for the full-year will likely be ahead of its previous expectations. In a trading update for the six months t

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27 Sep 2016 09:00

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9 Sep 2016 14:33

Speedy Hire chairman Jan Astrand holds on to role

(ShareCast News) - The chairman of tools, equipment and plant hire services company Speedy Hire has held on to his role despite the best efforts of largest shareholder Toscafund to oust him. On Friday, 64% of the group's shareholders rejected a resolution to remove Jan Åstrand as a director, with 47

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2 Sep 2016 15:05

UK Shareholder Meetings Calendar - Next 7 Days

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26 Aug 2016 09:54

Speedy Hire sells large mechanical plant fleet for GBP14.4m

(ShareCast News) - Tools, equipment and plant hire services company Speedy Hire announced the sale of its large mechanical plant fleet for £14.4m in cash to Ardent Hire Solutions. As at the end of July, the business had assets with a gross book value of £15.5m. Unaudited financial information for th

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22 Aug 2016 13:56

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(ShareCast News) - Mail-order retailer Findel's advisers have approached former Argos and Homebase boss Terry Duddy about becoming the company's chairman, according to a report. Duddy was among several people being sounded out by Findel's advisers, Sky News has reported. Findel last month rebuffed

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15 Aug 2016 06:50

Toscafund Hits Back At Speedy Hire In Ongoing Battle Over Chairman

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14 Aug 2016 17:49

Sunday newspaper round-up: Brexit in 2019, bank regulation, ITV, William Hill

(ShareCast News) - Britain could remain in the EU until late 2019, almost a year later than predicted, ministers have privately warned senior figures in the City of London. Theresa May has been expected to enact article 50 in January, setting in train the formal two years of negotiations before Brex

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12 Aug 2016 09:31

Speedy Hire backs Jan Astrand after attempts to oust chairman

(ShareCast News) - Tool rental company Speedy Hire said it "strongly recommends" its shareholders vote against ousting executive chairman Jan Åstrand by its largest investor, Toscafund Asset Management. Toscafund has forced a special general meeting on the 9 September to oust Åstrand and on Wednesda

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10 Aug 2016 10:33

UPDATE: Speedy Hire To Answer Calls For Chair Resignation On Friday

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Toscafund Urges Speedy Hire Chair To Resign Ahead Of Shareholder Vote

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Speedy Hire shareholder Toscafund calls for head of chairman Åstrand

(ShareCast News) - Speedy Hire's biggest shareholder has called for an emergency shareholder meeting to remove "indecisive" executive chairman Jan Åstrand. Hedge fund Toscafund Asset Management, which owns a 19.4% stake in the fully listed tool hire company, has requisitioning the general meeting as

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25 Jul 2016 09:02

UPDATE: Toscafund Calls For Removal Of "Indecisive" Speedy Hire Chair

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