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 swings to interim loss

By Michele Maatouk

Date: Thursday 21 Nov 2024

LONDON (ShareCast) - (Sharecast News) - Tools and equipment hire firm Speedy Hire said on Thursday that it swung to an interim pre-tax loss amid higher costs.
In the six months to the end of September, the group swung to a pre-tax loss of £2.2m from a profit of £5.6m in the same period a year earlier.

Adjusted pre-tax profit slumped to £0.4m from £5.9m, which the company put down to higher interest costs and some delays in major project opportunities in the joint venture in Kazakhstan.

Revenue declined 2.4% to £203.6m and Speedy Hire maintained its dividend per share at 0.80p.

Chief executive Dan Evans said: "We have delivered resilient results for the first half of FY2025 against a challenging but manageable market backdrop, whilst maintaining investment in our Velocity strategy.

"The group secured significant contract wins and renewals earlier in the calendar year, which will deliver revenue and profit growth in this financial year and beyond.

"The second half has started well with hire revenues for October and November to date, up circa 3% on this time last year. Consistent with prior years, the group expects a strong second half weighting to its hire revenues and profits, as the seasons change and new contracts fully mobilise. It is particularly encouraging that we are mobilising the Amey contract earlier than anticipated, in addition to a strong pipeline of further opportunities that give us confidence in the outlook for the business."

The company expects to meet its full-year expectations, Evans added.

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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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