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Speedy Hire – full-year results, how ‘confident’ should it really be for this year?

By Steve Moore | Wednesday 19 June 2024


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 and Ireland's leading provider of tools, specialist equipment and services”, Speedy Hire (SDY) has announced results for its year ended 31 March 2024 and that “contract wins and extensions, alongside key sector opportunities, give us confidence for FY2025”. The shares have currently responded higher towards 30p, but what about that comparing to 36p as recently as January?
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