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Pin to quick picksSpeedy Hire Share News (SDY)

Share Price Information for Speedy Hire (SDY)

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Share Price: 27.75
Bid: 27.70
Ask: 28.00
Change: -0.05 (-0.18%)
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Open: 27.95
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Low: 27.50
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UK TRADING UPDATE SUMMARY: Prime People Hurt As Covid Hits Job Market

Thu, 10th Sep 2020 16:01

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Prime People PLC - London-based recruiter - Says revenue for year ended March 31 fell 3.3% to GBP23.9 million from GBP24.7 million. Net fee income down 2.5% to GBP15.4 million from GBP15.8 million. Pretax profit 27% lower at GBP1.8 million from GBP2.5 million. Will not pay final dividend.

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Dev Clever Holdings PLC - careers guidance platform developer - Trading for year ending October 31 currently in line with internal expectations. Says agreements with Lenovo Group Ltd and Veative Labs Pte ltd are attracting "significant interest" from potential clients. Recently secured "largest commercial contract" worth USD1.2 million. Technology investor Asimilar Group PLC notes Dev Clever announcement.

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Iconic Labs PLC - media and technology firm - Completes data insights project for "multinational" consumer goods firm. Continuing to provide social content through JOE Media in UK as part of separate services contract. Adds it will not serve notice to lenders European High Growth Opportunities Fund to draw down funds as company is now "experiencing material growth in activity".

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Gfinity PLC - esports firm - Appointed by Cadbury to deliver Cadbury Heroes Parents League gaming tournament with final hosted by Gfinity in its Fulham site. Tournament consists of one gaming influencer playing alongside a parent. Gfinity paid "six-figure fee" to deliver tournament.

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Aeorema Communications PLC - London-based live events agency - Reports "encouraging" number of blue-chip client wins so far in 2020 and notes virtual events offering has grown. Affirms pretax loss for year to June 30 to be between GBP150,000 and GBP250,000.

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LoopUp Group PLC - cloud communications provider - Signs new deal with one of world's "top-five law firms". Says LoopUp meetings to be rolled out globally to client and it may end up being one of LoopUp's largest contract to date. Expands pacts with C&W Communications in Caribbean and Latin America which runs to financial 2022.

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Alpha FX Group PLC - London-based currency management firm - Says directors and senior management, including Chief Executive Officer Morgan Tillbrook, sell 3.8 million shares in total at 910 pence each.

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City Of London Group PLC - investment company - Subsidiary Recognise Financial Services Ltd progressing with banking licence application with Prudential Regulation Authority. City Of London plans to raise GBP30 million, GBP25 million through subscription with investor and GBP5 million in placing.

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CAP-XX Ltd - Australia-headquartered supercapacitors and energy management systems maker - Says fit out of Seven Hills factory largely complete. Output of supercapacitors with newly installed equipment to begin in October. Costs of project tipped to be below initial AUD5.3 million, GBP3.0 million, estimate. Expects to receive AUD3.3 million payment from Australian Taxation Office in fourth quarter of 2020.

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U&I Group PLC - London-based regeneration firm and investor - Secures GBP23 million in government funding for first phase of Mayfield project in Manchester. Seeing "good momentum" in larger projects and progress in smaller projects. Has 74% of June quarter rent either collected or subject to alternative payment arrangements. March quarter rent collection at 63%.

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Transense Technologies PLC - Bicester-based sensor systems provider - Agrees final fee for transfer of iTrack trading assets to Bridgestone Corp. Fee is USD1.3 million.

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Verditek PLC - London-based solar panel manufacturer - Receives notice of conversion of GBP100,000 worth of convertible loan notes.

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SDCL Energy Efficiency Income Trust PLC - energy efficiency investor - Buys UK energy efficiency portfolio from GET Solutions for initial GBP5 million, with potentially an additional GBP12 million to acquire follow-on pipeline of projects. Initial portfolio includes heat and power systems installed at Holiday Inn and Crowne Plaza hotels, owned by InterContinental Hotels Group PLC. Increases revolving credit facility with Investec Bank PLC to GBP40 million from GBP25 million.

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Westmount Energy Ltd - South America-focused energy investor - Purchases 1.6 million shares in JHI Associates Inc by issuing 18.3 million of own shares. Following investment, Westmount will hold 6.9% stake in JHI, an oil explorer focused on Guyana-Suriname Basin.

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Ascent Resources PLC - energy and natural resources company focused on Caribbean, Hispanic American and Europe - Appoints financial expert to assess total damages for claim against Slovenia of unfair treatment at Petisovci field. Continuing talks with Cuban National Oil Co over onshore producing block 9B and onshore blocks 9A, 12 and 15.

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Greatland Gold PLC - base metals exploration firm with asset in Australia - Says results from drilling of Northern Breccia zone of Havieron, Australia were "excellent". On track to deliver Havieron initial resource in fourth quarter of 2020. Western Australian Department of Mines, Industry Regulation & Safety grants mining licence for gold and copper asset.

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Arkle Resources PLC - Irish Gold and Zinc resources discovery company - Commence drilling at 23%-owned Stonepark zinc project.

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Union Jack Oil PLC - UK focused onshore conventional hydrocarbon production - Notes speculation over potential fundraise. Says West Newton drilling and expenditure currently funded. But adds any proceeds from potential fundraise to be used to further company projects. On track for first oil at Wressle in fourth quarter of 2020.

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BlueRock Diamonds PLC - diamond mining company with asset in South Africa - Recovers 9.7 carat diamond at Kareevlei, South Africa worth USD75,000 according to initial independent assessment. Second high value stone recovered at asset during quarter, BlueRock said.

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Strategic Minerals PLC - battery materials minerals company with asset in Australia - Says programme for environment protection and rehabilitation at Leigh Creek copper mine lodged with South Australian government. Expects approval before year end and full scale operations to begin in 2021.

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Empire Metals Ltd - exploration and development company with asset in Australia - Raises GBP1.3 million in placing with net proceeds primarily used to fund work at Eclipse gold project, Australia.

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Bacanora Lithium PLC - lithium exploration and development company with asset in Mexico - Says bulk sampling at pilot plant of Sonoro project, Mexico have been completed. On schedule to commence initial site works at Sonoro in second half of 2021 and begin output in 2023. Cadence Minerals PLC notes announcement.

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Tri-Star Resources PLC - minerals processing firm - Delays interim results by one month.

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Panther Metals PLC - Canada-focused mineral explorer - Reports strategic taking of 28 mining claims bordering its Big Bear gold project, Canada.

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Dekel Agri-Vision PLC - West Africa focused agriculture company - Reports 3.6% annual increase in crude palm oil output at Ayenouan project, Cote d'Ivoire. Output in August up to 1,551 tonnes from 1,497 tonnes.

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Science Group PLC - Cambridge-based scientific consultancy group - Reports recovering in trading during summer months, particularly at Frontier unit. As of September 1, all staff back from furlough. Expects adjusted operating profit for 2020 to be in line or possibly slightly ahead of original expectations. To pay an interim dividend of 2.0 pence.

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Speedy Hire PLC - Merseyside-based equipment hire company - Says revenue has improved in recent months as lockdowns ease and economic activity picks up. Pre-disposals, revenue is roughly 23% lower annually in year to date. Overhead costs reduced year-on-year with staff numbers cut roughly 7% to 3,222 at the end of August from 3,464 at the end of March. Further 50 staff members placed at risk of redundancy in September and further 200 remained furloughed at August end.

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John Menzies PLC - aviation services firm - Revises covenant structure with lenders. Says new package provides "additional flexibility". Net leverage covenant replaced with a minimum earnings before interest, tax, depreciation and amortisation quarterly covenant test. Says trading has remained challenging but notes flight schedules picking up. Says first-half revenue declined by a third at constant currency.

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Victoria PLC - Worcestershire-headquartered flooring firm - Says trading "resilient" since July market update as demand recovering.

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ReNeuron Group PLC - cell-based therapeutics firm - Dosing has begun in US trial of hRPC cell therapy candidate in retinitis pigmentosa retina disorder trial.

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Benchmark Holdings PLC - biotechnology company - Says Committee for Medicinal Products for Veterinary Use, part of European Medicine Agency, recommends inclusion of BMK08 as an allowed substance. Benchmark says this is an important step on way to launch of BMK08 and CleanTreat water purification system.

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Zoetic International PLC - CBD company - Secures second international distribution agreement for Chill brand of tobacco alternative CBD product. Agreement means product now available in 15 markets across European Union.

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Vintana PLC - cash shell - Shares cancelled as unable to seal a reverse transaction before deadline. Currently working with potential takeover target but talks in early stages.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
22 Jun 2023 16:50

LONDON MARKET CLOSE: Stocks tumble after hawkish hike to UK rates

(Alliance News) - Stocks in London closed firmly in the red on Thursday after the Bank of England surprised with a chunkier-than-expected 50 basis point interest rate hike.

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22 Jun 2023 11:55

Speedy Hire annual profit down following asset-write off; appoints CFO

(Alliance News) - Speedy Hire PLC on Thursday said that its yearly profits had collapsed following a significant asset-write off, and announced the appointment of a permanent chief financial officer.

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22 Jun 2023 08:18

Speedy Hire revenue surges as it watches macro conditions

(Sharecast News) - Tools and equipment specialist Speedy Hire reported a significant increase in statutory revenue in its full-year results on Thursday, up 13.9% to £440.6m.

Read more
15 Jun 2023 15:50

UK earnings, trading statements calendar - next 7 days

Friday 16 June 
Peel Hunt LtdFull Year Results
Record PLCFull Year Results
S-Ventures PLCFull Year Results
Tesco PLCTrading Statement
Monday 19 June 
Finsbury Food Group PLCTrading Statement
Triple Point Energy Transition PLCFull Year Results
Utilico Emerging Markets Trust PLCFull Year Results
Tuesday 20 June 
Enteq Technologies PLCFull Year Results
Gear4Music PLCFull Year Results
IG Design Group PLCFull Year Results
Intercede Group PLCFull Year Results
SThree PLCTrading Statement
Monks Investment Trust PLCFull Year Results
Wednesday 21 June 
Berkeley Group Holdings PLCFull Year Results
Halfords Group PLCFull Year Results
Liontrust Asset Management PLCFull Year Results
Thursday 22 June 
Alpha Financial Markets Consulting PLCFull Year Results
Cordiant Digital Infrastructure LtdFull Year Results
DS Smith PLCFull Year Results
First Property Group PLCFull Year Results
Manolete Partners PLCFull Year Results
Mulberry Group PLCFull Year Results
NCC Group PLCTrading Statement
Serco Group PLCTrading Statement
Speedy Hire PLCFull Year Results
Urban Logistics REIT PLCFull Year Results
Volex PLCFull Year Results
Whitbread PLCTrading Statement
XPS Pensions Group PLCFull Year Results

 

Read more
30 May 2023 15:45

UK earnings, trading statements calendar - next 7 days

Wednesday 31 May 
B&M European Value Retail SAFull Year Results
Bakkavor Group PLCTrading Statement
Bloomsbury Publishing PLCFull Year Results
DP Eurasia NVTrading Statement
Impax Asset Management Group PLCHalf Year Results
Ithaca Energy PLCQ1 Results
NWF Group PLCTrading Statement
Premier Miton Group PLCHalf Year Results
Tern PLCFull Year Results
WH Smith PLCTrading Statement
Thursday 1 June 
Auto Trader Group PLCFull Year Results
Dr Martens PLCFull Year Results
Pennon Group PLCFull Year Results
Trinity Exploration & Production PLCFull Year Results
Friday 2 June 
TR Property Investment Trust PLCFull Year Results
Monday 5 June 
Celadon Pharmaceuticals PLCFull Year Results
Hercules Site Services PLCHalf Year Results
Itaconix PLCFull Year Results
Sirius Real Estate LtdFull Year Results
ValiRx PLCFull Year Results
Tuesday 6 June 
British American Tobacco PLCTrading Statement
Chemring Group PLCHalf Year Results
Ferguson PLCQ3 Results
Gooch & Housego PLCHalf Year Results
Jadestone Energy PLCFull Year Results
N Brown Group PLCFull Year Results
NewRiver REIT PLCFull Year Results
Oxford Metrics PLCHalf Year Results
Paragon Banking Group PLCHalf Year Results
Speedy Hire PLCFull Year Results
Warehouse REIT PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
18 May 2023 17:54

Speedy Hire bolsters financial controls to improve asset accounting

Speedy Hire PLC - Merseyside-based tools hire services firm - Updates on actions taken by the company following previously announced discovery of a deficiency in the value of non-itemised assets of around GBP20.4 million. Assets include equipment without a unique serial identifier such as scaffolding towers, fencing and non-mechanical plant.

Read more
18 May 2023 12:27

Speedy Hire says no fraud in £20m 'missing' equipment mystery

(Sharecast News) - UK tools and equipment company Speedy Hire said a probe into £20m of missing equipment found no evidence of fraud, but discovered problems with control and accounting procedures.

Read more
5 Apr 2023 12:19

IN BRIEF: Speedy Hire expects annual profit to be in line with guidance

Speedy Hire PLC - Merseyside-based tools hire services firm - Expects to report pretax profit for the year ended March 31 in line with the board's expectations. Also expects revenue to be up about 14% annually. In financial 2022, revenue was GBP386.8 million, and pretax profit was GBP29.1 million. However, Speedy Hire warns that there has been "some" softening of demand in recent weeks. Also notes that its external investigation into the issue identified with non-itemised assets, including a review of controls and accounting procedures, continues to progress. Expects to report net debt at the year end of less than £94m.

Read more
5 Apr 2023 10:32

SMALL-CAP WINNERS & LOSERS: Topps Tiles hails record half; Lookers up

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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5 Apr 2023 08:01

Speedy Hire FY revenues rise, warns of 'softening' demand

(Sharecast News) - Tools and equipment hire group Speedy Hire said on Wednesday that full-year revenues had risen but cautioned that it had seen some "softening of demand" over recent weeks.

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9 Feb 2023 10:30

SMALL-CAP WINNERS & LOSERS: On the Beach on the up after upgrade

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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8 Feb 2023 17:01

LONDON MARKET CLOSE: Powell comments, hope for UK economy lift stocks

(Alliance News) - Stocks in London were higher at the close on Wednesday, with sentiment buoyed by a steady message from US Federal Reserve Chair Jerome Powell and indications that the UK may narrowly avoid a recession.

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8 Feb 2023 10:38

Speedy Hire shares fall amid value deficiency, depot reduction costs

(Alliance News) - Speedy Hire PLC on Wednesday announced that it is performing well in its second half of its financial year 2023 ending March 31, but reported a deficiency in the value of assets and a reduction in depots.

Read more
8 Feb 2023 10:20

SMALL-CAP WINNERS & LOSERS: Speedy Hire finds GBP20 million shortfall

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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8 Feb 2023 07:10

Speedy Hire launches investigation into uncovering £20m deficiency

(Sharecast News) - Tools and equipment hire services company Speedy Hire has launched an investigation after uncovering a deficiency in the net book value of its hire equipment.

Read more

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