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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Speedy Hire - Prospective PE for 2009 just 9.3

January 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.

  • Epic Code:
  • SDY
  • Price:
  • 848p
Given the way that shares in tool hire firm Speedy are dropping likea brick, one would expect them to be in severe difficulty but in factthe opposite is true. The company beat eps forecasts by 5% and evenreported that "market conditions for the majority of its customersremain strong."For the six months ended 30 September pretax profit increased 33% toalmost £23m on turnover which rose 36% to £209.5m. Eps rose 29% to35.6p. The tool hire division saw revenues grow 38% to £112m, with likefor like revenues growing 11.4% up to the time of the Hewdenacquisition, which completed on 1 August and strong momentum has beenmaintained since then. Operating profit before integration costsincreased 44% to £16.8m. The integration of Hewden, w ...

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Speedy Hire - Tool hire group growing asset utilisation and ROCE rapidly (August 2019)
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Speedy Hire - Tool hire group forecast to increase eps 108% over next three years (September 2013)
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Speedy Hire - Q3 revenue up 43% (April 2008)
Speedy Hire - Acquires leading rival (July 2007)
Speedy Hire - Tool hire firm’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)

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