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 H1 revenues slip

By Iain Gilbert

Date: Thursday 17 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Tools and equipment hire business Speedy Hire said on Thursday that interim revenues had slipped, principally due to a drop in lower-margin services income.
Speedy said hire revenue was consistent with H124, although lower margin services revenue was 5% lower, impacted by a decline in fuel revenues caused by a fall in wholesale fuel prices.

The London-listed group stated this had been partially offset by growth in Lloyds British testing services but still warned that revenue was "marginally down" when compared to H124.

Net debt had increased to roughly £112.0m at the half as the group sought to forward buy several hire fleet assets to support growth with key customers, resulting in a higher interest cost in H125.

"The group's 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," said Speedy.

As of 0920 BST, Speedy Hire shares were down 4.80% at 35.70p.









Reporting by Iain Gilbert at Sharecast.com

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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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