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Speedy Hire PLC Ord 5P (SDY)

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13-Jul-2016 12:50 PM

Broker Forecast - Peel Hunt issues a broker note on Speedy Hire PLC

Peel Hunt today upgrades its investment rating on Speedy Hire PLC (LON:SDY) to hold (from reduce) and left its price target at 36p. Story provided by
13-Jul-2016 07:26 AM

Speedy positive

Speedy Hire has made a positive start to year and believes its strategy and recovery plan provide the platform for full-year results to be slightly ahead of directors' views. Revenues in the first quarter ended 30 June 2016 slightly ahead of the com
17-May-2016 07:48 AM

Speedy Hire swings to FY pretax loss, dividen steady

Speedy Hire has turned to a FY pretax loss of GBP57.6m, from a year-earlier profit of GBP2.1m, as revenue dived to GBP329.1m, from GBP375m. Its FY dividend was at 0.7p a share. The numbers included GBP59.9m of exceptional costs, from GBP16.8m a year ago.
31-Mar-2016 07:42 AM

Speedy Hire sees FY adj. pretax profit in line

Speedy Hire confirms that the FY adjusted pretax profit is seen in line with market expectations and net debt broadly in line with the previous year end. Following a review of the carrying value of intangible assets, the Board has concluded that the valu
08-Feb-2016 07:23 AM

Speedy's deal

Speedy Hire has acquired the entire issued share capital of OHP Ltd for an initial cash consideration of GBP1.5m, along with the assumption of net debt of c.GBP1.7m. Contingent cash consideration of up to a further GBP0.8m is payable, dependent on the f
25-Jan-2016 01:10 PM

Broker Forecast - Peel Hunt issues a broker note on Speedy Hire PLC

Peel Hunt today downgrades its investment rating on Speedy Hire PLC (LON:SDY) to reduce (from hold). Story provided by
10-Nov-2015 07:48 AM

Speedy Hire swings to H1 pretax loss

Speedy Hire has swung to an H1 pretax loss of GBP13.5m, from a profit of GBP5.3m. Total revenue was GBP167.1m, from GBP190.8m. Interim dividend was 0.3p a share, unchanged. "The Group expects to deliver a result for the full year in line with the Bo
28-Sep-2015 07:28 AM

SDY sees profitability H2 heavy, materially below views

Speed Hire said following the extremely disappointing start to the year it has taken action to grow revenue and cut costs. Whilst these actions will take time to come to fruition the company believes they will deliver material benefits over the medium ter
01-Jul-2015 07:37 AM

CEO at Speedy Hire to go after profit warning

Speedy Hire, the UK's leading tools, equipment and plant hire services company, operating across the construction, infrastructure and industrial markets, has said that the results for the current financial year will be materially below the Board&apos
12-May-2015 07:34 AM

Speedy Hire's FY pretax profit slips lower

Speedy Hire's FY pretax profit slipped to £2.1m, from a year-ago profit of £7.1m. However, exceptional items totalled £17.1m before taxation (2014: £4.7m) as the Group has continued its activities to restructure the UK depot network and exit fro
15-Apr-2015 07:24 AM

Speedy revenue

Speedy Hire expects to announce revenue in line with market expectations, and adjusted profit before tax slightly ahead of market expectations, reaffirming the strength of its strategic and major customer relationships. In the UK, a new National Distri
27-Feb-2015 03:16 PM

Speedy Hire directorate changes

Speedy, the UK's leading tools, equipment and plant hire services company, has announced that with effect from 26 February 2015, Jan �?strand, who is the Non-executive Chairman of the Company, is appointed a member of the Company's Remuneration
11-Feb-2015 07:40 AM

Speedy Hire sees FY results in line with its views

Speedy Hire said despite a challenging year in the Middle East, ongoing strong performance of the Group in the UK gives directors confidence its FY results will be in line with its expectations. Inclusive of the third quarter, revenues for the first 9 mo
11-Nov-2014 09:03 AM

Speedy Hire improves H1 pretax profit

Speedy Hire has improved its H1 pretax profit to £5.3m, from a restated £3.0m a year earlier. Total revenue was £190.8m, from £168.7m. It proposed an interim dividend of 0.3p a share, up 15.4%. Commenting on the results, CEO Mark Rogerson said: &quo
16-Oct-2014 07:27 AM

Speedy Hire says H1 a good overall start to year

Speedy Hire said its H1 produced a good overall start to the year with activity levels in the UK & Ireland significantly higher on the year, and that it is on track to deliver FY results in line with the board's expectations. It expected H1 revenues
16-Jul-2014 08:02 AM

Speedy Hire says revenue up 15.7% in June quarter

Speedy Hire said at a group level its revenue rose 15.7% on the year for the three months to 30 June 2014. Economic and market conditions in our core markets continue to show signs of improvement, and the positive revenue trends are in line with managemen
18-Mar-2014 07:36 AM

Speedy Hire warning

Speedy Hire said today trading losses in its Middle East business are likely to be greater than anticipated as the business is being stabilised. Following a review of its most recent management information, Speedy said asset sales are running at a slow
12-Feb-2014 07:50 AM

Speedy Hire confident of meeting FY expectations

Speedy Hire said whilst performance in its international business is running behind expectation, the UK performance to date gives the board confidence the Group will meet its FY expectations. In the UK & Ireland, Q3 revenue was up 3.3% against the same p
03-Feb-2014 12:04 PM

Speedy Hire wins new deal with Babcock

Speedy Hire is entering a three year agreement with Babcock. The agreement could generate total annual revenues in excess of £10m although there is no minimum spend commitment by Babcock. The new arrangement will see Speedy support all of the Babcock&
04-Dec-2013 02:03 PM

Broker News & Views

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12-Nov-2013 07:42 AM

Speedy Hire H1 pretax profit rises £0.6m to £5.3m

Speedy Hire's first-half pretax profit rose £0.6m to £5.3m, with revenue up 0.4% to £169.8m. It hiked its interim dividend by 18% to 0.26p a share, from 0.22p. Chairman Ishbel Macpherson said the company had battled with continued challenging mar
17-Oct-2013 07:38 AM

Speedy Hire trading in line with management view

Speedy Hire said whilst UK market conditions remain challenging it has had a satisfactory performance and is trading in line with management expectations. At a Group level, H1 revenue decreased by 0.1% against the prior year period. However, Q2 saw an i
18-Jul-2013 08:13 AM

Speedy Hire trading in line with management view

Speedy Hire said it is trading in line with management expectations for the full year, although group revenue fell 0.8% year on year in the three months to June 30. It said first-quarter performance was satisfactory. In the UK and Ireland division, whic
15-May-2013 07:42 AM

Speedy Hire FY pretax profit £12.8m, from £3.2m

Speedy Hire booked a modest rise in its full-year pretax profit to £12.8 million, from £3.2 million. Revenue was £340.4 million, from £329.3 million. "These results illustrate the impact that proactive management action over the last few years h
17-Apr-2013 07:35 AM

Speedy Hire FY underlying revenue up 3.7%

Speedy Hire said its full-year underlying revenue was up 3.7% on the prior same period, and that it expects to report a marginally higher pretax profit for the period. It said the lift in underlying comprised a 1.1% hike in UK & Ireland revenue, and a 61
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