Has Speedy hire turned the corner?
It's looking interesting. Any thoughts?
Takeover time?

SDY Speedy Hire

Brokers are certainly bullish on this one....

not suprised its on a miserly forward P/E
of just over 10 to 2013..........

Speedy Hire PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

N+1 Brewin
22-02-12 BUY 12.30 1.70 0.40 17.00 2.40 0.60
Panmure Gordon
21-02-12 BUY 13.00 1.85 0.40 19.80 2.81 0.40
Peel Hunt
16-02-12 HOLD 12.00 1.69 0.40 18.00 2.54 0.50
Broker Name Withheld 3
15-02-12 BUY 12.90 1.90 0.40 20.20 3.00 0.50
Singer Capital Markets Ltd
16-01-12 BUY 19.50 2.80 0.40 28.80 4.10 0.40
Investec Securities
07-12-11 BUY 10.82 1.51 0.44 19.15 2.67 0.52
Altium Securities
16-11-11 HOLD 12.20 18.50
Evolution Securities Ltd
16-11-11 BUY 12.00 1.70 0.40 18.50 2.70 0.40

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 13.04 1.88 0.40 19.80 2.86 0.49
1 Month Change -0.12 -0.01 -0.00 -0.29 -0.05 0.04
3 Month Change -0.03 0.00 -0.00 -0.20 -0.04 0.04


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS % % 52.50%
DPS -78.95% 0.75% 22.58%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E
)
EBITDA £58.40m £67.66m £75.34m
EBIT £-2.20m £22.88m £29.91m
Dividend Yield 1.38% 1.39% 1.70%
Dividend Cover -2.08x 4.66x 5.80x
PER -34.89x 15.44x 10.13x
PEG f f 0.19f
Net Asset Value PS 32.71p 42.40p 45.50p

Thanks

MM tree shake going on.

Big buyer in the market.

Dont let go.

Interesting article on Motley Fool today:
These big recession losers could be big winners tomorrow.

There have been some real horror-story shares for investors over the last few years. The two companies I'm going to tell you about here have been among the worst.

Both firms, which are in the Support Services sector, have made losses in each of the last three years. The better of the two has seen its shares fall from a peak of over £13 in 2007 to under 20p as recently as December. The other has lost 99-point-something per cent of its value!

Am I kidding?
I'm sure anyone who backed these businesses before the credit crunch can barely hear their names without spitting nails. But, for investors coming fresh to the companies today, there's the potential for either of these ugly ducklings to turn into a beautiful swan.

The two firms have been through the trauma of such things as rights issues, debt-for-equity swaps and painful restructurings of their operations. Now, after their loss-making years, both are showing signs of recuperation and are expected to return to profit when they announce their next results.

Speedy recovery
Tool hire firm Speedy Hire (LSE: SDY) was something of a stock market darling in 2007, winning business awards left, right and centre, and being named the number one FTSE 350 firm in that year's Observer Good Companies Guide.

Today, Speedy is in the Small Cap index and, at a share price of 28.5p, is valued at £147m. The company went into the recession with gearing of over 100% but in mid-2008 was confident of delivering growth over the next financial year. Here's what subsequently happened:

Year ending Turnover (£m) Pre-tax profit/(loss) (£m)
31-Mar-08 465.50 30.50
31-Mar-09 482.70 (71.10)
31-Mar-10 351.10 (22.80)
31-Mar-11 354.20 (27.00)

Source: Digital Look

Speedy was hit by what its chairman described as "an unprecedented period of challenging trading and limited visibility over future revenue streams". The company was obliged to do a rights issue in May 2009 to raise £100m.

Since then, Speedy has been developing long-term strategic partnerships with major construction, infrastructure and utilities groups, and its equipment hire business is being increasingly supported by a wide range of broader complementary activities.

The consensus among analysts is for the group to deliver a pre-tax profit of £13m on turnover of £340m in its upcoming annual results.

Bottom line
Speculative punts aren't really my thing these days, but for those of you who like to put a little money in a spread of recovery situations, hoping for one or two big long-term multibaggers among the inevitable also-rans, Speedy Hire and Styles & Wood look to have plenty of potential.

What a lot of rubish "goldie"

SP is on the way down and a very negative order book

order book at 452K v 704K

BREAKOUT.

SDY Speedy Hire

Broker Singer is looking for EPS of 1.9p
for year ending 31 march and 2.9p and 4.2p
for 2012 and 2013.

This looks conservative to me very
conservative.

In fact reckon they will easily beat the
2012 figure with business improving.

Stock is far too cheap and looks like
someone from the Instituitonal world
has figured this out.

Hence Big Buys we are seeing.

Thanks, I like to see a big jump on a Friday. Always a good sign!

Inded indeed. We should have a bullish run up to the results and beyond. Will see an RNS early next week on the big buyer.

SDY Speedy Hire

Brokers firmly behind SDY.......

Speedy Hire Broker Views

Date Broker Recommendation Price Old target price New target price Notes

16 Mar N+1 Brewin Buy 28.88 46.00 46.00 Retains
15 Mar N+1 Brewin Buy 28.88 40.00 46.00 Retains
05 Mar Collins Stewart Buy 28.88 40.00 40.00 Reiterates
02 Mar UBS Neutral 28.88 23.00 30.00 Retains
02 Mar Goldman Sachs Neutral 28.88 26.00 40.00 Retains

From 'UK-Analyst.com' 16.3.12

"N+1 Brewin retained its "buy" stance on Speedy Hire (SDY), with an increased target price of 46p, up from 40p. The broker noted that the industrial equipment rental firm has improved its operational efficiency in the UK, while also making strategic investments. Brewin added that the firm's Middle East business is now profitable and operating at an underlying margin of over 20%. The broker also noted that despite their recent strength the shares continue to trade at a discount to tangible net asset value of 35p per share. The shares were unchanged at 30.5p."

More news will be forthcoming from SDY next month. Middle East profitable? What are the volumes? At home, SDY's been opening superstores: Leeds, Bristol, Stoke, Nottingham and, this week, Manchester. The Manchester store replaces three other stores. Anyone on the BB with any experience of these new superstores?

With SDY having broken 30p and gone no further in a frothy market, is it time to throw caution to the winds and buy more for the ride or hang back and pick up after the anticipated correction? SDY's fundamentals appear to be improving. Long-term, it looks as if 'investment' could again apply. Short-term, a fast 10-15% on a punt is not unimaginable. Medium-term, buying now at 30.50p could well prove costly.

'Technical Insight' gives conflicting indicators and a unhelpful wide range of play. Hopers and bulls will doubtless enjoy

http://www.speedyservices.com/info/speedy-summer

Time to buy??..........

Speedy Hire Broker Views

Date Broker Recommendation Price Old target price New target price Notes

16 Mar N+1 Brewin Buy 27.88 46.00 46.00 Retains
15 Mar N+1 Brewin Buy 27.88 40.00 46.00 Retains
05 Mar Collins Stewart Buy 27.88 40.00 40.00 Reiterates
02 Mar UBS Neutral 27.88 23.00 30.00 Retains
02 Mar Goldman Sachs Neutral 27.88 26.00 40.00 Retains

A BUY-IF flagged up on the candles....

http://www.britishbulls.com/StockPage.asp?CompanyTicker=SDY&MarketTicker=Industrials&TYP=S

I'd like more and the chart says buy, but i'll wait another 2/3 weeks the results aren't out until 16th May.

I must remember!

SDY Speedy Hire.

These report tomorrow trading update.

Fingers crossed it should be good.

Brokers right behing them. 1 Hold and
4 Buys.

Forward P/E of just over 10 for 2013
VERY CHEAP

Speedy Hire PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Peel Hunt
13-04-12 HOLD 12.00 1.69 0.40 18.00 2.54 0.50
Panmure Gordon
12-04-12 BUY 13.00 1.85 0.40 19.80 2.81 0.40
N+1 Brewin
10-04-12 BUY 12.30 1.70 0.40 17.00 2.40 0.60
Broker Name Withheld 3
15-02-12 BUY 12.90 1.90 0.40 20.20 3.00 0.50
Investec Securities
07-12-11 BUY 10.82 1.51 0.44 19.15 2.67 0.52

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 12.37 1.75 0.40 18.46 2.64 0.52

1 Month Change 0.04 -0.01 -0.00 -0.32 -0.06 0.02
3 Month Change -0.80 -0.14 -0.00 -1.66 -0.27 0.07


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS % % 50.77%
DPS -78.95% 0.50% 29.85%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £58.40m £67.58m £74.74m
EBIT £-2.20m £20.40m £27.20m
Dividend Yield 1.50% 1.50% 1.95%
Dividend Cover -2.08x 4.36x 5.06x
PER -32.19x 15.26x 10.12x
PEG f f 0.20f
Net Asset Value PS 32.71p p p

SDY Speedy Hire

Interesting to note the NAV per share
according to those above figures from
Hemscott Premium is more than the
present market SP.

Warrants further research and if this is
correct and they arent all flimsy intangibles
this stock could turn out to be a real
bargain.

SDY has clearly underperformed its peer AHT
as per the chart but I reckon that is about to
change starting with the trading update tomorrow.

SDY Speedy Hire

I dont get SCSW as a subscriber
it was sent out free to me a few
months back and it made SDY a Buy then
and some good points were made.

Ill take extracts from the article,
dated FEB 2012 ithink it was recd on 5/2

SDY

* 300 tool/hire equipment depots in UK and
Ireland small hub in Middle East.

* These markets seem to be at a an earlier
stage of recovery than the US and as such
the shares must rateas more speculative (than AHT)
but Speedy has already said hire rates are going up
and we think the share price is past its nadir.

* Speedys recovery is benefiting from the
disposal of a business renting portable cabins
that used to be involved in tempoary accomadation
netting £33.4 m.

* Debt no longer casts a long shadow over
the shares.

* Company embarked on a process of Self help.
to raise profits irrespective of the market
backdrop.

* The company hopes to double operating margins
in the medium term towards 15%.

* Singer is looking for EPS of 1.9p
for year ending 31 March and 2.9p and
4.2p for the following two years.

* Helped by the improvement in recent trading
those latter 2 forecasts may be topped, making
the shares look Excelent Value. BUY.

GF - I've had a dabble today.