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Shares up despite losses Also among today’s major gainers are shares in Speedy Hire (LSE: SDY). They’ve risen by over 7% despite the company releasing a rather disappointing set of results for the year to 31 March. They show that the tool and equipment hire company has gone from a pre-tax profit of £2m in the previous year to a loss of over £57m as a result of almost £60m in exceptional administrative costs. These were made up of impairments and restructuring charges, while Speedy Hire also finalised the rollout of its new network structure. With these one-off costs excluded, Speedy Hire remained in the black. Looking ahead, Speedy Hire is expected to increase its adjusted profit by 88% in the current year and by 71% next year as its new strategy starts to take hold. Although there’s a significant risk that its turnaround plans disappoint, Speedy Hire seems to have a sufficiently wide margin of safety to merit investment at the present time. Evidence of that can be seen in its PEG ratio, which stands at just 0.2 and indicates that the company’s shares could continue today’s rise.
Speedy Hire PLC (LON:SDY) Rating London: In an analyst note issued to clients and investors on Tuesday, 17 May, Liberum Capital maintained their “Buy” rating on shares of Speedy Hire PLC (LON:SDY). They currently have a GBX 49.00 target price per share on the firm. Liberum Capital’s target means a potential upside of 24.84% from the company’s last stock close price. Out of 6 analysts covering Speedy Hire PLC (LON:SDY), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. GBX 70 is the highest target while GBX 30 is the lowest. The GBX 44.33 average target is 18.59% above today’s (GBX 39) stock price. Speedy Hire PLC has been the topic of 13 analyst reports since September 28, 2015 according to StockzIntelligence Inc. Peel Hunt maintained the stock on May 10 with “Reduce” rating. Investec maintained the shares of SDY in a report on February 8 with “Hold” rating. About 6.98 million shares traded hands or 584.31% up from the average. Speedy Hire Plc (LON:SDY) has declined 9.32% since October 14, 2015 and is downtrending. It has underperformed by 11.89% the S&P500.
perhaps 'Walking Loss' might like to comment on his (or maybe its a her) quote below - we are all F-ing ready....... Down Down, their only number one.! HHS recruitment block until June/July. The bla bla clowns who think the SP will hit the 40's come RNS, Aerosmith..! Dream on..! This company is in a very bad place at present and all will be revealed very soon. Plant side of the business, no comment. Fencing no comment. Get ready..! & I mean get F-ing ready. You will have tears in your eyes..!
Looks like you are not as 'in the know' as you seem to make out..... I am amazed that the opposite has happened to what you said...... Mind you this is always the case with your comments..... You never answer the tough questions...... Panmure Gordon have a very positive note out which opposes your comments - want to answer any open questions now ???
Ive been through walkingboss, dickeyinholland and bp123s posts and they are all negative and full of venomous taunts towards Speedy management and as if by magic dickeyinholland quotes almost word for word the statement from this morning two weeks before its announced - is it me or is there something going on here that's not quite right......?
yourself and BP123 said 18 - 20 and cash out - you cant even own up to your own BS comments and rhetoric you spill on here week after week just admit your wrong dutchman its what real men do..........
Well let me put it into basic English for you Mr Dutchman - yes we all know the 10th is half year (well done clap clap) and yes we have all seen the press releases and the statements - but you have not got a clue what is going to be said by Speedy on the 10th. Pretentious quotes by you and your counterparts Walking Loss and the VD 123 or whatever their names are are not necessary and unfounded. Button it and talk sense don't make it up as you go along .........numpties
I agree great buying opportunity unless you listen to the three numpties mouthing off on here. Trying to make out they are in the know and referring to money as a bag of sand - usually the first sign of a wanna be investor thinking they know the lingo when in fact they are closer to Arthur Daley 😆
You two seem to be well connected in Speedy with your in depth out spoken knowledge of who is doing what and what other people should do with this stock. How can we (as an investment community) know what your saying is correct - pretty damming quotes on stock prices linked to specific dates as though you know what is going to be said??? Where do you get your info from???
Speedy are not all the guff you seem to be painting about them!! I see a new management team in place and a journey to begin of contract wins (and I hear they may have just won a few) so why are you so negative? or maybe your just a disgruntled employee with baggage? We all have portfolios but don't brag about them like you do - so maybe its just all sour grapes - as you claim to know quite a lot of detail............