focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Market cap going up slowly should see my 40p before Friday" if this contuines
Standard life's having a punt answer to large shares
Think they have flipped shares over, with one company and bought back. Saying this market cap went from 163 million to 170,million. Think somebody needed a lost and restocked. Anyway lots people will be wondering if this shares worth the wait !! Only problem will they start to recover or will management / directors hinder the process. The want to start knocking on doors with a big sorry first to the SME companies That's who got them there in first place not the big boys !! My view anyway !! I'll be out if touch 40 pence although gambling !!!
A turnaround proposition The story at Speedy Hire is quite different; the shares collapsed because profits collapsed. Today's 31p share price remains around 61% below the highs achieved at the beginning of the year. Speedy Hire is a cyclical firm and business ebbs and flows according to the fortunes of the industries the firm serves. I would expect trading to be robust in this mature stage of the current macro-economic cycle, so the company's problems seem to be internal. As such, Speedy Hire today is a turnaround proposition more than anything else, I would argue. In today's report, the chief executive identifies several reasons for the firm's profit dive and revenue decline: a lack of focus on small and medium enterprise (SME) customers; poor execution of a number of business improvement programmes, including the implementation of a new IT and management information system, resulting in the unavailability of key products in many depots; and a lack of ownership, empowerment and accountability within the business. Back to basics In other words, Speedy Hire was getting the basics of its business wrong. That suggests that the firm can do much, relatively quickly, to put its house in order. After all, identifying the problems is half way to fixing them. Naturally, the directors have a plan, and I would be surprised if its execution does not result in share price uplift from here. Indeed, the shares are up almost 9% on the day as I write.
Consensus recommendation As of Nov 07, 2015, the consensus forecast amongst 13 polled investment analysts covering Speedy Hire Plc advises investors to hold their position in the company. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Sep 28, 2015. The previous consensus forecast advised that Speedy Hire Plc would outperform the market. This was hard to work out although still think should be around 40/50! Pence. The facts are simple no one believes a word they say because off above.The city works with companies that are reliable. Saying this I hope I'll hit 40 pence and will bail out. People who believe the market force is behind Speedy are wrong. I don't think this is a strong buy although room for little improvement. In the cast of people calling people about this share chat should take a good look at post Strong Buy !! Going against the grain. To be honest I'm surprised that prices didn't go down today. I did buy in anyway because again think there's a small profit sort term to be made. Saying this its a big gamble and one I've took today. By no means a STRONG BUY
For what pointing out they losing money ? You are a bone head. I'm here to make money although I said my peace in at 30 pence today and out of goes near 40p I'm out. Market not that interested at min although we will see if people stick with this share by end play today. Then we will truly know outcome.
I've took gamble on share hitting 40 pence that's where I see share between 40/50 pence although can't see it moving above.
Same **** although very good at rapping it up nice for market. The main problem is by Jan 2016 there will be no profit and around the houses they go again.
Expected this" although haven't got rid of middle east disaster and profits will be zero long time for this to recover
Operational Update · Remedial actions to address legacy performance issues are starting to deliver results o Reductions in administrative costs expected to deliver full year savings of c.£13m from prior year o Redistribution of assets across depot network improving asset availability o Ongoing IT system upgrades providing enhanced management information and an improved customer experience · Programmes to improve customer retention and acquisition being implemented o Emphasis on improved customer service provision o Focus on innovation and differentiation o Sales function aligned to better address the needs of both Strategic and SME customers · Full benefits of remedial actions will be realised over the medium term Commenting on the results Russell Down, Chief Executive, said: "Following a disappointing and challenging start to the year, reflected in the results we are announcing today, we are beginning to see the benefits of the remedial actions put in place to address the various legacy issues. These are early days in the Group's recovery and the full benefits will only be realised over the medium term. However, remedial actions implemented to date have started to stabilise our revenue base and we are expecting to see an improvement in the second half. Whilst our markets remain competitive, Speedy remains a fundamentally good business which in a more lean, efficient and customer-focussed form, has the potential to once again deliver sustainable profitable growth."
O sorry Redarmy appeared to want my postcode ? 3193PW that OK for you pal.. Please don't send me a bottle in post / miss like flowers but are far more cheap here. How are you ? Looking to increase you shares. Wait until tomorrow then buy !!
Redarmy you appeared again ! Crying over your spilt milk ! Who's post code do you want 3193pw that's mine pal.
A full-year loss seems likely, especially as Speedy said today that negotiations with a potential buyer for its unwanted Middle East operations had failed to reach an agreement. This could lead to an impairment charge and possibly cash losses, later this year. There’s also a risk that Speedy’s net debt, which rose to £105m last year, could become problematic.
Shares in tool and equipment rental firm Speedy Hire (LSE: SDY) fell by more than 30% when markets opened this morning, after the firm issued a major profit warning. Speedy said that after “a slower than expected start” to the year, profits for the 2015/16 financial year were likely to be “materially below the Board’s expectations” and below those reported for last year. The company gives three reasons for its poor start of the year, but to be honest, I’m not totally convinced this is the whole story. 1. Equipment shortage The firm says that there was a shortage of equipment during the network optimisation programme. This refers to the reorganisation of the company’s national and regional distribution centres. However, in its final results, published in May, Speedy Hire boasted about the successful and early completion of this programme, during the last financial year. Why is it still causing problems now? 2. Ignoring customers In today’s statement, Speedy Hire says that sales suffered because of a “focus on strategic accounts at the expense of SME customers”. The firm’s strategic and major accounts accounted for 51% of sales last year. In last year’s results, there was a lot of waffle about new sales and support structures for strategic accounts. At the same time Speedy Hire said that its market share of local and regional customers had fallen, due to its strategy of moving away from local markets. The firm said that it was “starting to re-engage with this customer base” but that it “was no small task”. 3. IT problems The third reason given for today’s profit warning was “poor customer service caused by disruption during the implementation of a new IT and MI system”. Yet in last year’s results, the firm claimed that it had completed the implementation of the new IT systems. If this is true, why is it still causing disruption? CEO walks plank In my view, all of these problems are the result of poor management. I was not surprised to learn that the firm’s chief executive Mark Rogerson has decided to leave the business. However, Mr Rogerson is being replaced by the firm’s finance director, making me question whether this management overhaul will be significant enough to solve Speedy’s problems. What’s really wrong? Speedy’s shares have now fallen by nearly 40% this year. The firm is the second listed equipment hire company to issue a profit warning this week — shares in HSS Hire Group fell by 25% yesterday, with the firm blaming weak demand from major customers. I suspect that demand from strategic customers is not rising fast enough to make up for falling local sales. I wouldn’t be surprised if Speedy issues another profit warning later this year. A full-year loss seems likely, especially as Speedy said today that negotiations with a poten
Trading up date due out 10th. I honest think that they will say that they have cut cost, restructured, sorted computerised problems out, re directed sales to include SME. Although this will take time to filter through. I would say that they are still behind and remain at a loss. although structured there new financial commitments. Working for a long term recovery, Buyers found for Middle East operation would not surprise me, although a guess !! Let's see !!!!!!
Better you take a good look at your post coming on here with your ideas and b....s... Where you get STRONG BUY " Ramper that's all with a few shares
Hard to express in English when flyingdutch involvement sorry but will try get right translation
We'll does your question about the 10 th Nov really needed explaining? I notice you say strong buy every time you post. I don't wish people to lose there money.... Why would you state Strong Buy the results are due to come out !!! We already been told they behind expectations so who's " the numptie !!! I guess you look at your statements read company statement and stop your Strong Buy. I give you some advice sell your shares know and buy more with same coin " when results are out !! Nothing inside here just common sence ....ps does your username say anything about your self
The fact that people ! On here express the views will never change share price. In fact I can't see real dealers only reading and expressing views and taking notes of reports from Speedys Written statements. It's up to dealers / hedge funds what make the different. Although when the future and past given by Speedy doesn't add up to anything on losing money small share holders write there views. Good or bad it will not de / ramp this share.
Morning ! Stock markets closed pal any news lol