Speedy Hire – argues “a resilient performance in the year to date”, but how “resilient” really?

Describing itself as “the UK and Ireland’s leading provider of tools, specialist equipment and services”, Speedy Hire (SDY) has issued an “AGM Statement” commencing that it “has delivered a resilient performance in the year to date, with revenue to the end of July up 4.6% on the prior year”. However, revenue is vanity and “resilient” suggests its performance is with there headwinds, so what’s the “resilient performance” detail?

Speedy Hire (#SDY) – now expects FY adj. PBT “towards the lower end of range of current market consensus”

Speedy Hire – full-year results emphasise “strategic progress” and “operational momentum”. Er, what about financial performance?…

Describing itself as “the UK and Ireland’s leading provider of tools, specialist equipment and services”, Speedy Hire (SDY) has announced results for its year ended 31st March 2026 headlined “Strong strategic progress and operational momentum”. What about though no mention there of financial progress/momentum and the shares, already down from above 30p last year, currently a bit further down below 20p?

Speedy Hire (#SDY) – FY swing to adj. loss, DPS cut to 1p, states “previously announced customer led delays are resolving”

Speedy Hire – having argued “well positioned”…for opportunities from “the UK Government’s commitment to growth”, now quelle surprise…

Most recently on company describing itself as “the UK’s leading provider of tools and equipment hire services” Speedy Hire (SDY), in September with the shares up to 24.6p I wrote ‘argues “well positioned”… but that for opportunities from “the UK Government’s commitment to growth”!’ and so, natch, concluded to still avoid. The shares most recently closed at 22p and what about now a “Trading Update”?

Speedy Hire (#SDY) – “conditions have worsened through Q4 with uncertainty around the UK Budget in November and the recent geopolitical events in the Middle East”

Speedy Hire (#SDY) – H1 swing to even adj. loss, DPS down to 0.3p, though reckons looks forward to next year and further ahead “with increasing confidence”

Speedy Hire – argues “well positioned”… but that for opportunities from “the UK Government’s commitment to growth”!

Describing itself as “the UK and Ireland’s leading provider of tools, specialist equipment and services”, Speedy Hire (SDY) has issued an “AGM Statement” including that it is “encouraged by recent contract wins. Management continue to apply rigorous discipline to costs, margin and pricing which should yield further benefit in the second half… expectations for the full year remain unchanged”. How does that compare to a currently slightly higher in response 24.6p share price, but that also comparing to 28p at the start of 2025?

Speedy Hire (#SDY) – “hire revenue is marginally behind the same period last year”, “overall market conditions remain subdued”

Speedy Hire – full-year results, how ‘robust’ really is its performance?…

Describing itself as “the UK and Ireland’s leading provider of tools, specialist equipment and services”, Speedy Hire (SDY) announced in April that it “has performed robustly… expects to report results for FY2025 in line with its expectations”. So what about its now year ended 31st March 2025 results detail?

Speedy Hire (#SDY) – FY adj. EPS down to 1.41p, DPS maintained at 2.6p, argues a number of significant contract wins to impact this year and beyond

Speedy Hire – argues “performed robustly… in line with its expectations”. Er, those only lowered as recently as February?…

Describing itself as “the UK and Ireland's leading provider of tools, specialist equipment and services”, Speedy Hire (SDY) has issued an update commencing that it “has performed robustly in the period against a challenging market backdrop and the board expects to report results for FY2025 in line with its expectations”. How does that compare to a 19.7p share price, £91 million market capitalisation?

Speedy Hire (#SDY) – “slightly lower than expected hire revenue in the final quarter”, refinances borrowings

Speedy Hire – with I having noted its interims made its-then “anticipates… meeting its full year expectations” look unrealistic, now quelle surprise…

Most recently writing on company describing itself as “the UK's leading tools and equipment hire services company” Speedy Hire (SDY), in November with the shares falling below 30p on its half-year results I concluded including that it was even more doubt on “the board anticipates the group meeting its full year expectations” and still avoid. The shares most recently closed at 27.5p, though what of today a “Trading Statement” and the shares currently down to around 20p?!

Speedy Hire (#SDY) – warns “expects lower than anticipated profitability”, emphasising “economic downturn”

Speedy Hire – interims, “the board anticipates the group meeting its full year expectations”. Really?…

Most recently writing on Speedy Hire (SDY), which describes itself as “the UK's leading tools and equipment hire services company”, last month with the shares down to 36p I questioned how confident to really be in its “anticipates the group meeting its full year expectations”. What of now results for its half-year ended 30th September 2024 and a currently further down below 30p share price?

Speedy Hire (#SDY) – H1 swing to loss, argues “consistent with prior years… expects a strong second half weighting”

Speedy Hire – “Half Year Trading Update”, how confident to really be in its “anticipates the group meeting its full year expectations”?

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?

Speedy Hire (#SDY) – H1 revenue “marginally down”, expects new contracts H2 “significant growth… meeting its full year expectations”

Speedy Hire – AGM update, how confident to be in “second half weighting”?

Describing itself as “the UK's leading tools and equipment hire services company, operating across the construction, infrastructure and industrial markets”, Speedy Hire (SDY) has issued an “AGM Statement” commencing that it “has performed well in the year to date” and concluding “benefitting from our diverse end market exposure, broad customer base and the progression of our Velocity strategy including operational efficiencies. Overall, trading is in line with the board's expectations for the full year”. How does this compare to a current around 38p share price?