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

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.

Trading update - Self-help delivering results

Trading

The business continues to implement its strategy of focussing on the private and regulated markets in infrastructure, particularly the areas of water, waste, energy and transport, where we see good long term sustainable growth. We remain committed to securing high quality work from key clients with attractive pricing and yield dynamics in order to improve margins and return on capital.

We have continued our focus on self help measures to mitigate the effects of what remains a challenging market environment, with further progress made in the reconfiguration of the network, to drive improvements in operational efficiency, customer service and product availability.

Underlying* Group revenues in the fourth quarter to 31 March were up 4.5% against the prior year, resulting in a full year underlying* revenue increase of 5.0%. We expect to report PBT in line with the Board's expectations for the year just ended.

Financial position

Speedy's balance sheet has continued to strengthen during the second half of the year. Net debt has reduced from £113.9m at 31 March 2011 to approximately £76.3m, a reduction of some 33%.

The debt reduction reflects a continuing focus on prudent cash management, along with inflows from the disposal of the accommodation business, offset by a year on year increase in net hire fleet investment of circa £19m. Fleet investment has predominantly been focussed on the high utilisation product range and specialised fleet required to support the Group's core markets and customers.

Outlook

The Board remains confident of making further progress in the year ahead although we remain cautious about market conditions during the early part of FY2013. We expect the first half of the year to be impacted by one-off events including: the Olympics and Paralympics, which will result in trading restrictions and disruption to construction projects in the London area for a two month period; and the Queen's Diamond Jubilee celebrations, which will result in a reduction in trading days for the month of June, which is traditionally a holiday free period.

Nevertheless, with its strong balance sheet, secured funding and ever closer alignment to growth sectors and major customers, the Board considers Speedy well placed to take advantage of any improvements in trading conditions when they arise.

SDY SPEEDY HIRE

SOLID INLINE RESULTS TO BE REPORTED
for the year.

Couldnt ask for anymore than that brilliant...

Trading update - Self-help delivering results
RNS
RNS Number : 5397B
Speedy Hire PLC
18 April 2012





18 April 2012

Speedy Hire Plc

('Speedy', 'the Company' or 'the Group')

Year end trading update - Self-help delivering results

Speedy Hire Plc, the UK's largest provider of tools and equipment for hire, is today releasing a trading update in advance of the publication on 16 May 2012 of its preliminary results for the year ended 31 March 2012.

Trading

The business continues to implement its strategy of focussing on the private and regulated markets in infrastructure, particularly the areas of water, waste, energy and transport, where we see good long term sustainable growth. We remain committed to securing high quality work from key clients with attractive pricing and yield dynamics in order to improve margins and return on capital.

We have continued our focus on self help measures to mitigate the effects of what remains a challenging market environment, with further progress made in the reconfiguration of the network, to drive improvements in operational efficiency, customer service and product availability.

Underlying* Group revenues in the fourth quarter to 31 March were up 4.5% against the prior year, resulting in a full year underlying* revenue increase of 5.0%. We expect to report PBT in line with the Board's expectations for the year just ended.

Financial position

Speedy's balance sheet has continued to strengthen during the second half of the year. Net debt has reduced from £113.9m at 31 March 2011 to approximately £76.3m, a reduction of some 33%.

The debt reduction reflects a continuing focus on prudent cash management, along with inflows from the disposal of the accommodation business, offset by a year on year increase in net hire fleet investment of circa £19m. Fleet investment has predominantly been focussed on the high utilisation product range and specialised fleet required to support the Group's core markets and customers.

Outlook

The Board remains confident of making further progress in the year ahead although we remain cautious about market conditions during the early part of FY2013. We expect the first half of the year to be impacted by one-off events including: the Olympics and Paralympics, which will result in trading restrictions and disruption to construction projects in the London area for a two month period; and the Queen's Diamond Jubilee celebrations, which will result in a reduction in trading days for the month of June, which is traditionally a holiday free period.

Nevertheless, with its strong balance sheet, secured funding and ever closer alignment to growth sectors and major customers, the Board considers Speedy well placed to take advantage of any improvements in trading conditions when they arise.

*underlying revenue is total revenue excluding revenue from fleet sales and adjusted for the disposal of the accommodation hire operations in April 2011 and the expiry of the Network Rail maintenance contract in December 2010.



For further information:

Speedy Hire Plc
Hudson Sandler

Steve Corcoran, Chief Executive

Lynn Krige, Group Finance Director

Tel: 01942 720000

Mornining Skinny glad to have you on board.

I like the managements way of warning around the Olympics of reduced work activity. Responsible management in my view.

Should see a lot more managements doing this going forward.

BRIEF-Speedy Hire sees annual revenues up 5 pct
18 Apr 2012 - 07:09

LONDON, April 18 (Reuters) - Speedy Hire PLC :

* Underlying* group revenues in the fourth quarter to 31 March were up 4.5%

against the prior year

* Full year underlying* revenue increase of 5.0%

* Expect to report pbt in line with the board's expectations for the year just

ended

* First half of the year to be impacted by one-off events including: the

olympics and paralympics

((London Equities Newsroom; +44 20 7542 7717))

((For more news, please click here [SDY.L]))

Dow Jones Smallcaps ‏ @DJ_UK_Smallcaps

Details Speedy Hire expects to report a full-year pretax profit in line with the board's expectations.

http://on.wsj.com/Jbn5V9

SDY SPEEDY HIRE

Those updated broker briefs from
yesterday in no paticular order...

Date Company Name EPIC Broker Recommendation Price Old target price New target price

18 Apr Speedy Hire PLC SDY Canaccord Genuity Buy 27.75 40.00 36.00

18 Apr Speedy Hire PLC SDY Peel Hunt Hold 27.75 30.00 30.00

18 Apr Speedy Hire PLC SDY Panmure Gordon Buy 27.75 50.00 50.00

18 Apr Speedy Hire PLC SDY Oriel Securities Add 27.75 - 25.00

18 Apr Speedy Hire PLC SDY N+1 Brewin Buy 27.75 46.00 46.00

18 Apr Speedy Hire PLC SDY Investec Buy 27.75 36.00 36.00

Found this interesting analyst comment
on SDY. Although a little dated it does
point out some positives to offset effect
of olympics etc.........

Analyst Comment by Mike Allen at Panmure Gordon

... added they believe the business is in increasingly better shape. Analysts Michael Parkinson and James Woodrow, of Brewin Dolphin, said they believed there are enough positives to offset the impact of the Olympics and Jubilee for Speedy, in particular its Middle East operations moving into the black this year as well as UK price increases, procurement efficiencies and improved profits from its reconfiguration of depots. Shares in Speedy fell 1.38 per cent or 0.37p to 26.38p after the update. Full year results are due on Wednesday, May 16. Speedy, led by chief executive Steve Corcoran, said it had made further progress to drive improvements in its operational efficiency, customer service and product availability, and to implement its strategy of focusing on the private and regulated markets in infrastructure – especially water, waste, energy and transport – where it sees long term, sustainable growth

Turning the corner on profits and debt, but not on the share price 25.25p

Improved profits for Speedy Hire
Speedy Hire achieved a profit before tax of £12.4m for the full financial year (2011: loss of £0.7m), with £7.6m in the second half-year building on the £4.8m for the first half-year. Underlying Group revenue (excluding revenue from the disposed accommodation hire operation and the expired Network Rail contract) for the year was £326.4m (2011: £313.0m), showed an increase of 4.3% (whilst unadjusted revenue of £329.3m was down 7.0% (2011: £354.2m)).

Gross margin improved to 67.1% (2011: 61.3%). EBITA (before exceptional costs) increased to £19.6m (2011: £8.3m) with net cash flow generated from operating activities amounting to £17.7m in the year (2011: £12.3m).

Net debt has fallen from £113.9m at the beginning of the year to £76.3m at 31 March 2012, a 33% decrease. These results are a welcome vindication of our disciplined approach to stabilising the business, setting it on the path to recovery and positioning it for the future.

The sale of our accommodation hire operation was completed in April 2011, removing a significant loss-maker from the Group.

Seen all the negatives here. ????????????

Gone cold on this.

One to watch

41.875 ( 41.75 / 42p )

Ready to move forward after recent retracement. The contruction business has been strong on recent results and Speedy Hire is well involve on this operations. The TA is signailing such a move, it could do with some volume now.

43.375p +1.375p

The good results from AHT is catching up with the share price on Speedy Hire, they are on the same type of business