Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Describing itself as “the UK's leading tools and equipment hire services company”, Speedy Hire (SDY) has issued a trading update commencing that “trading performance in the first half has been satisfactory against a backdrop of challenging market conditions in some of the group's end markets. We remain positive about the future of these markets and also look forward to ongoing government support for major infrastructure projects. Hire revenue for the first half is consistent with H1 FY2024”. How’s the update compared to a most recent close 37.5p share price?
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