Speedy Hire (SDY)

Sector:

Support

Index:

FTSE Small Cap

26.60p
   
  • Change Today:
    -1.05p
  • 52 Week High: 38.25p
  • 52 Week Low: 18.12p
  • Currency: UK Pounds
  • Shares Issued: 516.98m
  • Volume: 1,653,692
  • Market Cap: £137.52m
  • RiskGrade: 214

Speedy Hire tanks after profit warning

By Michele Maatouk

Date: Tuesday 30 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Tools and equipment hire services firm Speedy Hire tanked on Tuesday as it warned on profits.
The company said full-year profits were set to be below its previous expectations despite operational progress with its Velocity Strategy and new wins, due to weakness in some of its end markets and seasonal product lines, and some delays in mobilisation of significant contract wins.

Speedy said the business has continued to perform "resiliently in the face of cost inflation and macroeconomic uncertainty".

The challenges seen across much of the construction sector mean that revenues from its national customers are now up 3% year-on-year as at end of the third quarter, compared to 5% at the end of the first half. Revenues from regional customers have continued to track 6% lower year-on-year, unchanged from H1.

The company also said that the warmer winter period dented revenue from seasonal products.

Speedy said it continues to focus on delivering growth opportunities as well as operational efficiencies and remains on track with the early progress of the Velocity Strategy launched at its capital markets day last July.

At 0850 GMT, the shares were down 16% at 30.16p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Speedy Hire Market Data

Currency UK Pounds
Share Price 26.60p
Change Today -1.05p
% Change -3.80 %
52 Week High 38.25p
52 Week Low 18.12p
Volume 1,653,692
Shares Issued 516.98m
Market Cap £137.52m
RiskGrade 214

Speedy Hire Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
9.29% above the market average9.29% above the market average9.29% above the market average9.29% above the market average9.29% above the market average
9.68% above the sector average9.68% above the sector average9.68% above the sector average9.68% above the sector average9.68% above the sector average
Income Not Available
Growth
62.6% below the market average62.6% below the market average62.6% below the market average62.6% below the market average62.6% below the market average
65.91% below the sector average65.91% below the sector average65.91% below the sector average65.91% below the sector average65.91% below the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Speedy Hire Dividends

  Latest Previous
  Final Interim
Ex-Div 07-Aug-25 05-Dec-24
Paid 19-Sep-25 17-Jan-25
Amount 1.80p 0.80p

Trades for 29-Aug-2025

Time Volume / Share Price
15:41 509,458 @ 26.00p
16:35 67,685 @ 26.60p
16:35 2,923 @ 26.60p
16:35 1,392 @ 26.60p
16:35 1,391 @ 26.60p

Speedy Hire Key Personnel

CEO Dan Evans
CFO Paul A Rayner

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