Member Info for Budgie1503

Results next Tuesday 6th and expecting dividend to be increased by 12% to 2.44p.

My forecast - Turnover increase by 16% and profit - goodness knows?

SPEEDY spent £30 million last year on share buyback then discovered theft of £20 million (that wasn't theft or lost).

Can they afford a dividend hike to reward us long suffering shareholders who have seen our funds dwindling over the last year?

It's concluded at long last. A total of 12.8% of the group share capital have been bought to the tune of £30m which numbers 67,713m shares.

Average purchase price was 44p not a great investment for the group as paying a premium to today's share price currently 37p.
One for the patient investor this one.

The company are continuing with the buyback to the value of £30 million which was allocated last January 2022.
Originally there was to be a maximum purchase of 10% of the 528 million shares in circulation but the last agm passed resolution to continue the exercise through to spend the full £30 million.

At the current and historic share price levels over the last 12 months I estimate that means in the order of 63 to 66 million shares will have been bought back some 12% to 13% of the total equity.

All this must be better in the long run for share holders? I hope so as my patience has been tested over the months and months. Construction is still booming so wait for the charge upwards and onwards along with the maintained and improved dividend.

I'd say that day is here and the 10% shares are now bought.
I'm Interested to see how much of the £30 million has been saved buying at these very discounted prices.

Upwards and onwards now but Hold tight could be a bumpy ride.

My approximation of the cost of the full 10% buyback is well below the £30 million allocated in January. I reckon the purchase of the 52 million shares has cost @£24 million then goodness knows what the Liberium charge. Maybe £6 million to round it up. Bingo- thats £30 million bang on budget.

The company was positive enough to propose to spend £30 million on share buyback - i thought they must have generated a pile of cash in order to do so. Obviously not.
Borrowing money to buy your own shares back not prudent in my book.
Maybe why the finance man 'chose to go.?
I'm all for improved dividends - the more the merrier especially coming in just after the Xmas excesses.

Bit too cryptic for me that comment - what are you saying?

Half yearly results will be posted 3 weeks today.
Expect to see great increase in turnover and profitability but don't see any relief coming soon 're share price uplift. Sit tight, hibernate and see what these look like in 18 month's - back to mid 50s which is where I need to be.

2 more directors believe in putting their money where their pay slip comes from too. id be buying too at this level but no spare to average down. 325000 shares between the three of them - not a bad indication of confidence.

Results out tomorrow - can't wait for the spike in share price so I can bail out and pause for breath. Hoping it will reach 57p so I can walk away and nurse my injuries. (joke)

As a Speedy share holder its feels like being a sailor in the pacific with no breeze to propel us along - might need to get off this ship when it next docks at a decent port. Anyone agree?

At least Speedy should save money buying the (10%) 52.8 million shares in the buyback scheme - will only cost £27 million at current level of buying - most profitable thing this year giving £3million towards the special dividend.

things maybe looking up - results in 3 weeks - time to sell and beat a hasty retreat from the punishment!

How hard can it be to click the button and buy a couple of million shares? if the brokers are short staffed I could always drop in and press a few keys for them. At this rate it'll take till 2024 to spend £30 million. I jest but woud like a sensible explanation for the stunted progress in the buyback.Surely the SP must pick up soon as its in miserable territory right now and that's with all the good news from recent months.

Looking back several years now Speedy share price has never achieved or even come close to the target level set after results announcement. Targets of 90p previously and now 113p? Really?
Speedy clings to the 60 to 70p range and struggles to move beyond. It really is time for a sell up next results day or just before - the charts show spikes in price rise then fall off like a stone.
Bewildering really but see what the N Y brings.

Mediocre results as is the mode for Speedy and can't see market sentiment getting this towards 90p anytime soon unfortunately for me and other holders of this share. Tested the market at 81p earlier this week and now retreated like a scalded cat.
Dividend to look forward to at least.

Appears to be holding in the mid 70s of late and with the results out on the 25th it could be teeing up for another 10% uplift.
Don't know what the chart gazers think?
Really don't need any duff surprises this year to drag it down again and who knows - 1p dividend may be forthcoming!

Well well the ***** is back - with his usual upbeat view on his major shareholding in speedy.
This time the soothsayer is claiming he had psychic knowledge of a speedy presence in B&Q in August when we all know they were being trialled from July onwards. Doh! Some scoop.
Good move I reckon - Joe public won't carve up the hire rates like big contractors do. Small outlets never hurt Greggs did they.

Have watched Sdy move up nicely since the vaccine news but I believe half year results are out tomorrow morning so that should paint a truer specific picture of market sentiment. Borrowings have been reducing but let's see if organic growth and profits are improved.
No nonsense from Mr walker thank you very much.

Never mind the Boll-cks is my message to all on here who want to have a sensible exchange of comment excluding you know who.
My message to W Boss - go seek help as all that pent up angst and bitterness has made you a pitiful person. Speedy didn't want you - accept it and get on with your life. Life's like that sometimes.
Leave us losers who have invested a few quid in this useless company to ourselves.
Go and troll other companies who've also offloaded you for being a complete Bosshead. I hate everything about you.
You don't need to reply but probably will.

Wow. What a vindictive little man you appear to be. What motivates you to simply pour out heaps of provocative nonsense?
Life is to short to carry all that pent up hatred and anxiety about a hire company!
Why don't you concentrate on shares you hold that you like not ones you don't? Strange.!

Tuesday's delayed results are eagerly anticipated but the prudent thing would be to hold off on dividend this period. At this level the SP should be prepared for the deferment you may think?
I'll be content with a steady price rise over next couple of months to post election 70p+.
Involvement on Nightgale hospitals may have rescued a little of the revenue late on but all will be revealed on Tuesday.