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Speedy Hire PLC (SDY.L)

SDY.L on London Stock Exchange

63.09GBp
5:46am EDT
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0.09 (+0.15%)
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63.00
Open
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63.60
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62.00
Volume
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566,230
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65.20
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47.00

Latest Key Developments (Source: Significant Developments)

Speedy Hire Says ‍Impact Of Carillion's Situation Not Expected To Be Material
Monday, 15 Jan 2018 11:27am EST 

Jan 15 (Reuters) - Speedy Hire Plc ::CO IS A SUPPLIER OF HIRE EQUIPMENT AND SERVICES TO CARILLION AND IS COMMITTED TO SUPPORTING DELIVERY OF PROJECTS AS PLANNED​.‍PROPORTION OF GROUP'S REVENUE AND DEBT RELATES TO JOINT VENTURE ARRANGEMENTS INVOLVING THIRD PARTIES ARE EXPECTED TO CONTINUE UNAFFECTED​.‍INTENDS ANY PROFIT IMPACT OF CARILLION'S COMPULSORY LIQUIDATION WILL BE RECORDED AS AN EXCEPTIONAL NON-UNDERLYING CHARGE IN FY 2018​.‍REMAINS ON TRACK TO DELIVER A RESULT IN LINE WITH EXPECTATIONS FOR FULL YEAR​.‍IMPACT OF CARILLION'S SITUATION IS NOT EXPECTED TO BE MATERIAL TO GROUP​.  Full Article

Speedy Hire acquired powered Access Specialists Prolift Access Ltd and Platform Sales & Hire Ltd​
Friday, 24 Nov 2017 02:00am EST 

Nov 24 (Reuters) - SPEEDY HIRE PLC :IT HAS ACQUIRED ENTIRE ISSUED SHARE CAPITAL OF POWERED ACCESS SPECIALISTS PROLIFT ACCESS LIMITED AND PLATFORM SALES & HIRE LIMITED​.‍EXPECTS TO REALISE BOTH REVENUE AND COST SYNERGIES FROM ACQUISITIONS​.‍CASH CONSIDERATION PAID AMOUNTED TO £5.9M WITH NET DEBT ASSUMED OF £5.5M​.  Full Article

Speedy Hire posts H1 pretax profit of 6.0 mln pounds
Tuesday, 14 Nov 2017 02:00am EST 

Nov 14 (Reuters) - SPEEDY HIRE PLC ::H1 PRETAX PROFIT 6.0 MILLION STG VERSUS 5.4 MILLION STG YEAR AGO.H1 GROUP REVENUE OF ‍185.8​ MILLION STG VERSUS 187.1 MILLION STG YEAR AGO.H1 GROUP EBITDA OF ‍33.8​ MILLION STG VERSUS 30.4 MILLION STG YEAR AGO.INTERIM DIVIDEND UP 51.5 PERCENT TO 0.5 PENCEPER SHARE.‍CONFIDENT OF DELIVERING A RESULT FOR YEAR ABOVE CURRENT EXPECTATIONS AND THAT GROUP HAS A STRONG FUTURE AHEAD OF IT​.  Full Article

Speedy Hire expects FY ‍adjusted pre-tax profit ahead prior year
Tuesday, 19 Sep 2017 02:00am EDT 

Sept 19 (Reuters) - SPEEDY HIRE PLC :‍TODAY ISSUES A TRADING UPDATE AHEAD OF PUBLISHING HALF YEAR RESULTS FOR PERIOD TO 30 SEPTEMBER 2017, SCHEDULED FOR 14 NOVEMBER 2017​.‍GROUP REVENUES FOR PERIOD TO 31 AUGUST, EXCLUDING DISPOSALS, ARE APPROXIMATELY 7.5% AHEAD OF PRIOR YEAR PRIMARILY DUE TO GROWTH IN SERVICES REVENUES​.‍UTILISATION RATES FOR YEAR TO DATE HAVE AVERAGED 54.5%, AN INCREASE OF C.6% OVER CORRESPONDING PERIOD IN PRIOR YEAR​.‍NET DEBT AT HALF YEAR END IS EXPECTED TO BE BELOW £70M (30 SEPTEMBER 2016: £85.4M)​.‍OVERHEADS IN PERIOD ARE EXPECTED TO BE BROADLY CONSISTENT WITH PRIOR​.‍OVERHEADS IN PERIOD ARE EXPECTED TO BE BROADLY CONSISTENT WITH PRIOR PERIOD​.‍NUMBER OF OPERATING DIVISIONS AND DISTRIBUTION CENTRES HAS BEEN REDUCED​.‍ACTIONS WILL RESULT IN OVERHEAD SAVINGS OF AT LEAST £3M PER ANNUM​.‍NET EXCEPTIONAL COSTS OF C.£4.5M ARE EXPECTED TO BE RECOGNISED IN FIRST HALF YEAR​.‍ADJUSTED PROFIT BEFORE TAX FOR FULL YEAR IS EXPECTED TO BE WELL AHEAD OF PRIOR YEAR AND SLIGHTLY AHEAD OF BOARD'S PREVIOUS EXPECTATIONS​.  Full Article

Speedy Hire says remains on track to deliver a result for FY in line with board's expectations
Wednesday, 12 Jul 2017 02:33am EDT 

July 12 (Reuters) - Speedy Hire Plc :Revenue for Q1 of year ending 31 March 2018, pre disposals, was ahead of prior year.Q1 EBITA is consequently ahead of prior year and, whilst revenue mix has changed, margins have increased.Invested c.£15m in Q1 in new equipment for hire, up 13% on prior year.Remains on track to deliver a result for full year in line with board's expectations, well ahead of prior year's result.  Full Article

Speedy Hire says FY revenue rose 12.2 pct to 369.4 mln stg
Tuesday, 16 May 2017 02:00am EDT 

May 16 (Reuters) - Speedy Hire Plc ::FY pretax profit 14.4 million stg versus 57.6 million stg loss year ago.FY revenue rose 12.2 percent to 369.4 million stg.Final dividend up 67.5 percent to 0.67 penceper share.Total dividend 1 pence per share."Turnaround phase completed; strategy in place to drive sustainable profitable growth".Have made a solid start to year, but market remains competitive.Well positioned to take advantage of market opportunities and continue to deliver sustainable profitable growth.  Full Article

Speedy Hire sees FY pre-tax profit to be in line with board's expectations
Friday, 31 Mar 2017 02:00am EDT 

Speedy Hire Plc : Says group revenues, excluding disposals, for full year are expected to be approximately 7% ahead of prior year .Adjusted profit before tax is expected to be in line with board's expectations at time of last trading update on Feb. 7, well ahead of prior year.  Full Article

Speedy Hire sees adjusted pretax profit ahead of previous expectations
Tuesday, 7 Feb 2017 02:00am EST 

Speedy Hire Plc : Says update on its trading performance for year ending March 31 2017 . Says revenues for Q3, on a like for like basis (pre-disposal), were up 10.6 pct versus last year, in part benefitting from timing of christmas holiday period . Says recovery plan to improve efficiency of operations remains on track with reduced overheads . Says rental assets and net debt both lower than at half year end .Says board anticipates that adjusted profit before tax for full year will be ahead of its previous expectations..  Full Article

Speedy Hire sees FY results ahead of boards expectations on cost cuts
Wednesday, 16 Nov 2016 02:00am EST 

Speedy Hire Plc : Full year results expected to be ahead of board's previous expectations . Says pre-disposal revenue increased by 5.2 pct to 171.4 mln stg (2015: 162.9 mln stg) . Says H1 dividend up 10.0 pct to 0.33 pence per share . Results significantly improved; recovery well established . Says H1 operating profit of 8.4 mln stg (2015: 4.5 mln stg) up 86.7 pct . H1 revenue rose 13.4 percent to 187.1 million stg . H1 pretax profit 5.4 million stg versus -13.5 million stg loss year ago .Interim dividend up 10 percent to 0.33 pence per share.  Full Article

Speedy Hire sees H1 pretax profit above expectations
Friday, 30 Sep 2016 02:00am EDT 

Speedy Hire Plc : Trading update . Recovery plan has stabilised business and continues to drive improved performance . Revenue for H1 FY2017 is ahead of prior year and slightly ahead of board's expectations . We anticipate further progress and board expects that full year profit before tax will be ahead of its previous expectations. . Costs associated with operational restructuring and september's general meeting will be recognised as exceptional items. . Employee numbers have been reduced by over 100 from start of financial year. . With lower overhead costs, profit before tax will be ahead of H1 FY2016 .Following disposal of large mechanical plant fleet, net debt will be significantly lower than in comparable period and at year end..  Full Article

UPDATE 1-FTSE ends at 15-month low

* Speedy Hire jumps after results (Recasts, adds detail, closing prices)