Updates

Speedy Hire - Q3 revenue up 43%

April 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Tool and equipment hire firm Speedy announced positive results for the nine months to 31 December. Overall revenue rose 39% and an even better 43% in Q3 alone with both the tool and equipment divisions showing robust growth. Meanwhile the acquisition of Hewden Tools, which increased net debt to £271m, is now complete with the ex-Hewden network being rebranded as Speedy Hire. Speedy’s outlook statement was quite cheerful and it pointed out that its principal markets remained strong while the post Christmas period started well. Speedy again reiterated that it has limited exposure to the struggling housebuilding and retail markets. Based on eps forecasts of 94.6p for the year about to sta ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Powerleague

Domino's Pizza - Now has more than 500 stores

Speedy Hire - Tool hire group growing asset utilisation and ROCE rapidly (August 2019)

Speedy Hire - Take profits and sell (February 2014)

Speedy Hire - Tool hire group forecast to increase eps 108% over next three years (September 2013)

Speedy Hire - Introduce stop-loss at 565p (July 2008)

Speedy Hire - Prospective PE for 2009 just 9.3 (January 2008)

Speedy Hire - Acquires leading rival (July 2007)

Speedy Hire - Tool hire firmâ€™s earnings forecast to grow 50% over next two years (June 2007)

Speedy Hire - Another in-fill acquisition (December 2006)

Speedy Hire - Substantial acquisition (July 2006)

Speedy Hire - Tool hire firm enjoying strong demand (April 2006)

Speedy Hire - Another chance to take profits (June 2005)

Speedy Hire - Take some profit after re-rating (March 2005)

Speedy Hire - Shares finally break their shackles (January 2005)

Speedy Hire (November 2004)

Speedy Hire - Like-for-Like sales up 11% (September 2004)

Speedy Hire - Now over 280 tool hire depots (July 2004)

Speedy Hire - Earnings forecast to grow 31% in next two years; prospective PE just 9.9 (May 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X