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Results: SDY

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Speedy Hire – update includes “a strong pipeline of new business”, but is a warning on trading actually ahoy?

Previously writing on tools and equipment hire and complementary services company Speedy Hire (SDY), in February despite the shares down to around 39p and it stating that it “continues to perform well” I concluded that the macroeconomic and asset situations still made me cautious. So what now of a “Year End Trading Update”…and the shares currently further lower at 31.35p?


Speedy Hire – argues “continues to perform well” and a “strengthened control environment”, But…

Tools and equipment hire and complementary services company Speedy Hire (SDY) has issued a “Financial and trading update”including that it “continues to perform well… revenue (excluding disposals) for the four months to 31 January 2023 up c.16% against the corresponding period in the prior year… continues to be confident in delivering underlying profit in line with its expectations for the full year”. So what of a current share price response down by more than 7% to around 39p?
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