Tag Archives: speedy hire

Newton-le-Willows based Speedy Hire (SDY.L) was founded in 1977, and provides tool and equipment hire services to construction, manufacturing, industrial, and related industries. It offers a range of tool and equipment for hire, which include access towers, light plant, fencing, heating and cooling equipment, portable accommodation, pumps, generators and compressors, lifting equipment, safety equipment, rail equipment, heavy duty hammer drill, headroom hoist, and power pipe cutter, as well as instruments for surveying, civil engineering, and construction applications. SDY provides various asset services, including product specialization, testing and inspection, fuel management, survey service centre, on-sites, and hire direct, as well as a range of advisory services. It operates from over 200 depots across the UK and Ireland.

Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here

On May 16^th2018, SDY announced a strong set of FY results, which revealed a 59.9% hike in adjusted PBT to £25.9m, on revenues up 6.4% to £371.6m. Group net debt fell to £69.4m (2017: £71.4m) after £21.3m of acquisition spend (Prolift and PSHL), while adjusted EPS rose to 4.04p (2017:2.45p). SDY shareholders benefitted from a 65% increase in the FY dividend to 1.65p. CEO Russell Down said the board “are delighted with these results which reflect a strong operational performance, robust capital management..”He added the current year “has got off to an encouraging start with revenue ahead of the comparative period on a like for like basis. Whilst we are early into the new financial year, and some of the benefits from the acquisitions have been realised, we are confident of delivering further progress in the year ahead in line with our current expectations.”

On November 22^nd2017, VectorVest published a buy note for Speedy Hire at 55p, noting that the stock first flagged across key metrics as far back as November 2016. View that article here. Shares moved higher, hitting our then 64.1p target intraday during mid December before falling back during March. Following a solid set of results in May, SDY shares continue to push higher backed by the VectorVest RT (Relative Timing) metric, a fast, smart, accurate indicator of a stock’s price trend. Today at 63p the SDY RT metric still logs a rating of 1.51, which is excellent on a scale of 0.00 – 2.00, while a GRT (Earnings Growth Rate) of 16% is still considered very good by VectorVest. Despite the push higher, VectorVest still sees more to come, and recommends a price target of 71.7p.

The weekly chart of SDY is shown above over the past two years. The share appreciated strongly in the period of June 2016 to June 2017. Since this time the share has charted a double bottom pattern which after a strong move upwards is a strong technical signal. The first technical target from the double bottom is approximately 75p which is similar to the VectorVest valuation.

Summary: The VectorVest November note was very much based on the strong set of half-year results. SDY followed that with another solid set of FY results, so it was entirely logical that VectorVest should revisit the investment opportunity. Both RT and GRT metrics are indicating there is more to come, and this backed by the 65% increase in the FY dividend is once again a clear and confident signal from the SDY board of more growth to come. As such VectorVest reiterates a buy rating for SDY.

June 13 2017

Readers can examine trading opportunities on SDY and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 30-day trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.

VectorVest Unisearch

On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.

Link here for more info and to set up a trial. 

European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.comFREE! For free VectorVest analysis on any stock, go to this link here

Newton-le-Willows based Speedy Hire (SDY.L) was founded in 1977, and provides tool and equipment hire services to construction, manufacturing, industrial, and related industries. It offers a range of tool and equipment for hire, which include access towers, light plant, fencing, heating and cooling equipment, portable accommodation, pumps, generators and compressors, lifting equipment, safety equipment, rail equipment, heavy duty hammer drill, headroom hoist, and power pipe cutter, as well as instruments for surveying, civil engineering, and construction applications. SDY provides various asset services, including product specialization, testing and inspection, fuel management, survey service centre, on-sites, and hire direct, as well as a range of advisory services. It operates from over 200 depots across the UK and Ireland.

Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here

On November 14^th 2017, SDY published half-year results, which revealed pre-tax profits up 11% to £6m, EBITDA up 11.2% to £33.8m on revenues (excluding disposals) up 6.9% to £183.2m. Net debt fell to £63.1m (31 March 2017: £71.4m), and SDY reported a strong balance sheet and leverage 0.95 times EBITDA (2016: 1.47 times). As a result the dividend was raised by 51.5% to 0.50 pence per share. During the period, the UK and Ireland business were restructured to better align with the customer proposition and provide improved opportunities for cross-selling and operational efficiencies. CEO Russell Down said the board “are confident of delivering a result for the year above current expectations and that the Group has a strong future ahead of it.”

The improving picture at SDY had been flagged to VectorVest subscribers as far back as Nov 2016, when the shares rose sharply from 40p to hit a May 2017 year high of 59p. The subsequent retracement triggered a further VectorVest flag at the end of Sept 2017, at which point the GRT (Earnings Growth Rate) metric started to rise again, to stand at 27% currently. This is considered to be an excellent rating – GRT reflects a company’s 1-3 year forecasted earnings growth rate in % per year. Although the RS (Relative Safety) risk rating stands at just 0.98 for SDY on a scale of 0.00 to 2.00, the RV (Relative Value) rating, an indicator of long-term price appreciation potential stands at 1.41 – again excellent on a scale of 0.00 to 2.00. Finally VectorVest values SDY at 64.11p per share, indicating nearly 20% upside from the current 55p.

The chart of SDY.L is shown below in my usual format. The share is trading below the VectorVest valuation and is on a Buy recommendation. The share has found solid support at around 50p on numerous occasions and looks set to break upwards towards the VectorVest valuation and beyond.

Summary: The strong half year results announced by SDY last week provides validation of the group’s efforts to restructure and improve efficiencies. The strong improvement in GRT flagged on the VectorVest platform gave subscribers a window of opportunity to pick the stock up at a modest valuation, while the 51% hike in the dividend is a clear and confident signal from the SDY board of more growth to come.

Dr David Paul

November 22 2017

Readers can examine trading opportunities on SDY and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 30-day trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.

VectorVest Unisearch

On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.

Link here for more info and to set up a trial. 

European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.comFREE! For free VectorVest analysis on any stock, go to this link here