Speedy Hire (SDY)

Sector:

Support

Index:

FTSE Small Cap

49.80p
   
  • Change Today:
    -0.20p
  • 52 Week High: 88.00
  • 52 Week Low: 39.20
  • Currency: UK Pounds
  • Shares Issued: 526.97m
  • Volume: 107,608
  • Market Cap: £262.43m
  • RiskGrade: 313

Speedy Hire first-half revenues rise

By Michele Maatouk

Date: Thursday 03 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Tool and equipment hire company Speedy Hire posted a rise in revenue on Thursday thanks to a strong performance from its SME business,with trading in the second half set to improve.
In an update for the period to 30 September ahead of its half-year results, the group said revenue, pre disposals, rose around 6% on the previous year, with hire and services revenues up around 1% and 13%, respectively.

Revenue from SME customers was up more than 25% in the first half.

Net debt is expected to come in at around £86m, down from £89.4m at the end of March. This reflects continued investment in hire fleet, which is predicted to reduce in the second half of the year, Speedy Hire said.

The company secured a number of contract wins and extensions during the period, including CALA Homes and Peel Ports.

"As a consequence, the second half of the year is anticipated to be stronger than the first half," it said, adding that adjusted pre-tax profit for the year should be in line with the board's expectations.

At 0900 BST, the shares were up 1.6% at 52.40p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Speedy Hire Market Data

Currency UK Pounds
Share Price 49.80p
Change Today -0.20p
% Change -0.40 %
52 Week High 88.00
52 Week Low 39.20
Volume 107,608
Shares Issued 526.97m
Market Cap £262.43m
RiskGrade 313

Speedy Hire Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.51% below the market average64.51% below the market average64.51% below the market average64.51% below the market average64.51% below the market average
32.11% below the sector average32.11% below the sector average32.11% below the sector average32.11% below the sector average32.11% below the sector average
Price Trend
15.05% below the market average15.05% below the market average15.05% below the market average15.05% below the market average15.05% below the market average
Sector averageSector averageSector averageSector averageSector average
Income
44.52% above the market average44.52% above the market average44.52% above the market average44.52% above the market average44.52% above the market average
48.57% above the sector average48.57% above the sector average48.57% above the sector average48.57% above the sector average48.57% above the sector average
Growth
6.84% above the market average6.84% above the market average6.84% above the market average6.84% above the market average6.84% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Speedy Hire Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Dec-19 04-Jul-19
Paid 10-Jan-20 09-Aug-19
Amount 0.70p 1.40p

Trades for 03-Aug-2020

Time Volume / Share Price
16:35 10,667 @ 49.80p
16:29 227 @ 49.80p
16:29 179 @ 49.80p
16:23 320 @ 49.90p
16:21 1,034 @ 50.20p

Speedy Hire Key Personnel

CEO Russell Down
Chair David J B Shearer

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