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

It's the sort of business Travis P are always ready to buy, but given recent OFT issues they may wait, it used to be a big FTSE 250 company, so there is hopefully something there. I must check the market capital

Gone long here looks to be plenty of value in the SP.

SDY Speedy Hire

Technicals look solid........

Those charts look good. I can't go beyond basic analysis.

Is there anything specific I should be focusing on?

Thanks

JRM its a highly fluid stock that moves very quickly on technicals.

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!