Announcement • Jul 16
Speedy Hire Plc, Annual General Meeting, Sep 10, 2026 Speedy Hire Plc, Annual General Meeting, Sep 10, 2026. Location: the offices of addleshaw goddard llp, 41 lothbury, ec2r 7hg, london United Kingdom Announcement • Jun 29
Speedy Hire Plc Announces Board and Committee Changes Speedy Hire Plc announced the appointment of Andrew McNaughton CBE to the Board as a Non-Executive Director with effect from July 1, 2026. He will also serve as a member of the Audit & Risk, Nomination and Remuneration Committees of the Board from that date. Andrew has over 40 years' experience in the construction and infrastructure sectors and is currently a Non-Executive Director and advisor to several infrastructure and capital intensive industrial companies. A Chartered Civil Engineer, he was previously the CEO of Balfour Beatty Plc, and Chief Operating Officer of Systra SA. Most recently, he was an Executive Director of AWE plc. Andrew is a Fellow of the Royal Academy of Engineering and Vice President of the Institution of Civil Engineers. As previously announced, David Garman, Non-Executive Director, will step down from the Board at the forthcoming AGM. Reported Earnings • Jun 19
Full year 2026 earnings released: UK£0.058 loss per share (vs UK£0.002 loss in FY 2025) Full year 2026 results: UK£0.058 loss per share (further deteriorated from UK£0.002 loss in FY 2025). Revenue: UK£416.1m (flat on FY 2025). Net loss: UK£26.6m (loss widened UK£25.5m from FY 2025). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Declared Dividend • Jun 19
Final dividend of UK£0.007 announced Shareholders will receive a dividend of UK£0.007. Ex-date: 20th August 2026 Payment date: 2nd October 2026 Dividend yield will be 4.7%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (31% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Board Change • May 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. CFO & Executive Director Paul Rayner was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
Speedy Hire Plc to Report Fiscal Year 2026 Results on Jun 17, 2026 Speedy Hire Plc announced that they will report fiscal year 2026 results on Jun 17, 2026 Announcement • Mar 11
Speedy Hire plc Announces Chief Financial Officer Changes Speedy Hire PLC announced the appointment of Judith Cottrell to the Board as Chief Financial Officer with effect from July 1, 2026. As part of the review of succession planning, Paul Rayner had indicated he was considering retiring from his executive role by the end of 2026 and the Company had initiated an external selection process for a successor. Judith's selection and availability resulted in Paul's decision and the succession process concluding more quickly than anticipated. Paul will step down from the Board and as Chief Financial Officer on July 1, 2026 after delivering the results to March 31, 2026. He will remain with the Company to allow for a smooth transition of responsibilities following a thorough handover process and will support some ongoing initiatives. Judith has extensive experience in senior financial and operational roles. Most recently, she served as Chief Financial Officer of Ricardo Plc and previously as the Group Finance Director for RPS Group Plc, where prior to that role, she held various senior roles within RPS, including Chief Executive of RPS's UK & Ireland consulting business and Group Strategy Director. Judith is a member of the Institute of Chartered Accountants in England and Wales. Announcement • Sep 12
Speedy Hire Plc to Report Q2, 2026 Results on Nov 26, 2025 Speedy Hire Plc announced that they will report Q2, 2026 results on Nov 26, 2025 Announcement • Sep 04
Speedy Hire plc Provides Earnings Guidance for the Second Half of 2025 Speedy Hire Plc announced that the Hire revenue is marginally behind the same period last year although, consistent with prior periods, they anticipate a second-half weighting to both revenue and profit, reflecting seasonal trading patterns, the timing of major customer activity and anticipated growth in trade & retail customers. Announcement • Jul 17
Speedy Hire Plc, Annual General Meeting, Sep 04, 2025 Speedy Hire Plc, Annual General Meeting, Sep 04, 2025. Location: the offices of addleshaw goddard llp, milton gate, 60 chiswell street, ec1y 4ag, london United Kingdom Announcement • Jun 19
Speedy Hire plc Proposes Final Dividend for Fiscal Year 2025, Payable on September 19, 2025 Speedy Hire plc announced that the Board has proposed a final dividend for fiscal year 2025 of 1.80 pence per share (fiscal year 2024: 1.80 pence per share) to be paid on 19 September 2025 to shareholders on the register on 8 August 2025. The cash cost of this dividend is expected to be c.£8.3 million. This takes the total dividend for fiscal year 2025 to 2.60 pence per share (fiscal year 2024: 2.60 pence per share), following an interim dividend of 0.80 pence per share (fiscal year 2024: 0.80 pence per share). Announcement • Apr 28
Speedy Hire Plc to Report Fiscal Year 2025 Results on Jun 18, 2025 Speedy Hire Plc announced that they will report fiscal year 2025 results on Jun 18, 2025 Announcement • Nov 21
Speedy Hire Plc Declares an Interim Dividend, Payable on 17 January 2025 The Board of Speedy Hire Plc has declared an interim dividend of 0.80 pence per share (first half fiscal year 2024 interim dividend: 0.80 pence per share), to be paid on 17 January 2025 to shareholders on the register on 6 December 2024. Announcement • Oct 17
Speedy Hire Plc to Report First Half, 2025 Results on Nov 21, 2024 Speedy Hire Plc announced that they will report first half, 2025 results on Nov 21, 2024 New Risk • Sep 26
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €91k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Dividend is not well covered by earnings (443% payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€91k sold). Upcoming Dividend • Aug 01
Upcoming dividend of UK£0.018 per share Eligible shareholders must have bought the stock before 08 August 2024. Payment date: 20 September 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.1%). Buy Or Sell Opportunity • Jul 24
Now 24% undervalued Over the last 90 days, the stock has risen 47% to €0.44. The fair value is estimated to be €0.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has declined by 56%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 50% per annum over the same time period. Reported Earnings • Jul 23
Full year 2024 earnings released: EPS: UK£0.006 (vs UK£0.002 in FY 2023) Full year 2024 results: EPS: UK£0.006 (up from UK£0.002 in FY 2023). Revenue: UK£421.5m (down 4.3% from FY 2023). Net income: UK£2.70m (up 125% from FY 2023). Profit margin: 0.6% (up from 0.3% in FY 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Jul 18
Speedy Hire Plc, Annual General Meeting, Sep 05, 2024 Speedy Hire Plc, Annual General Meeting, Sep 05, 2024. Location: the offices of panmure liberum limited, ropemaker place, 25 ropemaker street, ec2y 9ly, london United Kingdom Declared Dividend • Jun 21
Final dividend of UK£0.018 announced Shareholders will receive a dividend of UK£0.018. Ex-date: 8th August 2024 Payment date: 20th September 2024 Dividend yield will be 7.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (443% earnings payout ratio). However, it is well covered by cash flows (29% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 393% to bring the payout ratio under control. EPS is expected to grow by 233% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Jun 20
Full year 2024 earnings released: EPS: UK£0.006 (vs UK£0.002 in FY 2023) Full year 2024 results: EPS: UK£0.006 (up from UK£0.002 in FY 2023). Revenue: UK£421.5m (down 4.3% from FY 2023). Net income: UK£2.70m (up 125% from FY 2023). Profit margin: 0.6% (up from 0.3% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Jun 20
Speedy Hire Plc Recommends Final Dividend Fiscal Year 2024, Payable on 20 September 2024 The directors of Speedy Hire Plc recommended a final dividend of 1.80 pence (2023: 1.80 pence) per share, bringing the total amount payable in respect of the 2024 year to 2.60 pence (2023: 2.60 pence), to be paid on 20 September 2024 to shareholders on the register on 9 August 2024. Announcement • May 22
Speedy Hire Plc to Report Fiscal Year 2024 Results on Jun 19, 2024 Speedy Hire Plc announced that they will report fiscal year 2024 results on Jun 19, 2024 New Risk • Feb 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Paying a dividend despite being loss-making. Reported Earnings • Nov 24
First half 2024 earnings released: EPS: UK£0.009 (vs UK£0.021 in 1H 2023) First half 2024 results: EPS: UK£0.009 (down from UK£0.021 in 1H 2023). Revenue: UK£208.5m (down 2.9% from 1H 2023). Net income: UK£4.20m (down 61% from 1H 2023). Profit margin: 2.0% (down from 5.0% in 1H 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 20% per year. Announcement • Nov 23
Speedy Hire Plc Declares an Interim Dividend, Payable on 19 January 2024 The Board of Speedy Hire Plc has declared an interim dividend of 0.80 pence per share (first half of fiscal year 2023 interim dividend: 0.80 pence per share), to be paid on 19 January 2024 to shareholders on the register on 8 December 2023. New Risk • Oct 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Dividend is not well covered by earnings (dividend per share is over 10x earnings per share). Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Announcement • Oct 11
Speedy Hire Plc (LSE:SDY) acquired Green Power Hire Limited from Russell's (Kirbymoorside) Limited and four other shareholders for GBP 20.2 million. Speedy Hire Plc (LSE:SDY) acquired Green Power Hire Limited from Russell's (Kirbymoorside) Limited and four other shareholders for GBP 20.2 million on October 10, 2023. The total consideration, which was funded from the Company's existing debt facilities, represented GBP 10 million of equity value and assumed debt of GBP 10.2 million which was settled at completion.
Speedy Hire Plc (LSE:SDY) completed the acquisition of Green Power Hire Limited from Russell's (Kirbymoorside) Limited and four other shareholders on October 10, 2023. Announcement • Oct 10
Speedy Hire Plc to Report First Half, 2024 Results on Nov 22, 2023 Speedy Hire Plc announced that they will report first half, 2024 results on Nov 22, 2023 Buying Opportunity • Sep 21
Now 22% undervalued Over the last 90 days, the stock is up 4.3%. The fair value is estimated to be €0.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings is also forecast to grow by 42% per annum over the same time period. Announcement • Sep 08
Speedy Hire Plc Approves to Declare A Final Dividend of 1.80 Pence Per Share in Respect of the Year Ended 31 March 2023 Speedy Hire Plc at the AGM held on 7 September 2023, approved to declare a final dividend of 1.80 pence per share in respect of the year ended 31 March 2023. Buying Opportunity • Sep 06
Now 21% undervalued Over the last 90 days, the stock is up 5.9%. The fair value is estimated to be €0.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings is also forecast to grow by 42% per annum over the same time period. New Risk • Aug 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Dividend is not well covered by earnings (dividend per share is over 10x earnings per share). Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Buying Opportunity • Aug 10
Now 21% undervalued Over the last 90 days, the stock is up 9.1%. The fair value is estimated to be €0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings is also forecast to grow by 42% per annum over the same time period. Upcoming Dividend • Aug 03
Upcoming dividend of UK£0.018 per share at 7.0% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 22 September 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 7.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.0%). Announcement • Jul 24
Speedy Hire Plc, Annual General Meeting, Sep 07, 2023 Speedy Hire Plc, Annual General Meeting, Sep 07, 2023, at 10:00 Coordinated Universal Time. Location: Addleshaw Goddard LLP at Milton Gate, 60 Chiswell Street, EC1Y 4AG London United Kingdom Agenda: To consider Annual Report and Accounts; to consider Directors' Remuneration Report and Policy; to consider Final Dividend; to consider Election of Directors; to consider Re-election of Directors; to consider Re-appointment of auditors and auditors' remuneration; to consider Directors' authority to allot shares; to consider Disapplication of statutory pre-emption rights; to consider Authority to purchase ordinary shares; to consider Length of notice of meetings; and to consider other matters. Reported Earnings • Jul 23
Full year 2023 earnings released: EPS: UK£0.002 (vs UK£0.041 in FY 2022) Full year 2023 results: EPS: UK£0.002 (down from UK£0.041 in FY 2022). Revenue: UK£440.6m (up 14% from FY 2022). Net income: UK£1.20m (down 94% from FY 2022). Profit margin: 0.3% (down from 5.5% in FY 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Trade Distributors industry in Europe. Recent Insider Transactions • Jun 24
Key Executive recently bought €91k worth of stock On the 22nd of June, David James Shearer bought around 250k shares on-market at roughly €0.36 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. David James has been a buyer over the last 12 months, purchasing a net total of €160k worth in shares. New Risk • Jun 23
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 50% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Dividend is not well covered by earnings (dividend per share is over 10x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Reported Earnings • Jun 23
Full year 2023 earnings released: EPS: UK£0.002 (vs UK£0.041 in FY 2022) Full year 2023 results: EPS: UK£0.002 (down from UK£0.041 in FY 2022). Revenue: UK£440.6m (up 14% from FY 2022). Net income: UK£1.20m (down 94% from FY 2022). Profit margin: 0.3% (down from 5.5% in FY 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Trade Distributors industry in Europe. Buying Opportunity • May 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.5%. The fair value is estimated to be €0.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 5.3% in the next 2 years. Buying Opportunity • May 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.4%. The fair value is estimated to be €0.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 5.3% in the next 2 years. Buying Opportunity • Apr 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €0.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 5.3% in the next 2 years. Buying Opportunity • Apr 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be €0.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 5.3% in the next 2 years. Recent Insider Transactions • Nov 25
Independent Chairman of the Board recently bought €69k worth of stock On the 16th of November, David James Shearer bought around 150k shares on-market at roughly €0.46 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. David James has been a buyer over the last 12 months, purchasing a net total of €126k worth in shares. Reported Earnings • Nov 17
First half 2023 earnings released: EPS: UK£0.021 (vs UK£0.018 in 1H 2022) First half 2023 results: EPS: UK£0.021 (up from UK£0.018 in 1H 2022). Revenue: UK£214.8m (up 14% from 1H 2022). Net income: UK£10.8m (up 16% from 1H 2022). Profit margin: 5.0% (up from 4.9% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Trade Distributors industry in Europe. Announcement • Nov 15
Speedy Hire plc Declares an Interim Dividend, Payable on 20 January 2023 Speedy Hire Plc has declared an interim dividend of 0.80 pence per share (H1 FY2022interim dividend: 0.75 pence per share), to be paid on 20 January 2023 to shareholders on the register on 9 December 2022. Announcement • Oct 27
Speedy Hire plc Announces CFO Changes Speedy Hire Plc announced that James Bunn has tendered his resignation as Chief Financial Officer to pursue an opportunity in an unrelated sector. The Company has agreed that James will step down as CFO and from the Board on 1 November 2022. In the intervening period, the Board announced the appointment of Paul Rayner. He will assume the role of interim CFO with effect from 1 November 2022, for a period of up to 12 months allowing time for the Board to complete the recruitment process. Paul is a Fellow of The Institute of Chartered Accountants with over 25 years' experience in senior financial roles, including interim and permanent roles respectively on the main boards of FTSE-listed companies, Avon Protection PLC and Chemring Group PLC. Until his leaving date has been agreed, James will continue working with Paul and the rest of the Speedy executive team to ensure a smooth hand over of responsibilities. Upcoming Dividend • Aug 04
Upcoming dividend of UK£0.015 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 23 September 2022. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 6.3%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.6%). Announcement • Aug 01
Speedy Hire plc Announces CEO Changes On May 11, 2022, Speedy Hire Plc announced that, after seven years with the Company, Russell Down would be retiring as Chief Executive. On conclusion of a rigorous recruitment process for his successor that considered both internal and high quality external candidates, led by the Nomination Committee with the support of external consultants, the Board announced that Dan Evans will join the Board as Chief Executive with effect from October 01, 2022. Dan Evans is currently Chief Operating Officer and has been with Speedy for 14 years. In his current role Dan is responsible for the Group's operational performance in the UK and Ireland including sales, business development and marketing. Russell Down will step down from the Board and his role as Chief Executive on 30 September 2022. In accordance with his contractual term he will remain employed by Speedy until May 10, 2023 ensuring an effective transition. Reported Earnings • Jun 29
Full year 2022 earnings released: EPS: UK£0.041 (vs UK£0.012 in FY 2021) Full year 2022 results: EPS: UK£0.041 (up from UK£0.012 in FY 2021). Revenue: UK£386.8m (up 16% from FY 2021). Net income: UK£21.4m (up 251% from FY 2021). Profit margin: 5.5% (up from 1.8% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.0%, compared to a 10% growth forecast for the industry in Germany. Recent Insider Transactions • Jun 09
Independent Chairman of the Board recently bought €56k worth of stock On the 6th of June, David James Shearer bought around 100k shares on-market at roughly €0.56 per share. This was the largest purchase by an insider in the last 3 months. This was David James' only on-market trade for the last 12 months. Reported Earnings • May 31
Full year 2022 earnings released: EPS: UK£0.041 (vs UK£0.004 in FY 2021) Full year 2022 results: EPS: UK£0.041 (up from UK£0.004 in FY 2021). Revenue: UK£386.8m (up 16% from FY 2021). Net income: UK£21.4m (up UK£19.3m from FY 2021). Profit margin: 5.5% (up from 0.6% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.5%, compared to a 9.9% growth forecast for the industry in Germany. Announcement • May 30
Speedy Hire Plc, Annual General Meeting, Sep 08, 2022 Speedy Hire Plc, Annual General Meeting, Sep 08, 2022. Agenda: To propose a final dividend for the fiscal year 2022. Announcement • May 12
Speedy Hire Plc Announces Resignation of Russell Down from the Board Speedy Hire Plc announced that, after seven years with the company, Russell Down, chief executive, has advised the board of his intention to retire. Russell will remain with the business until a successor is in place, to ensure a smooth and orderly transition. The recruitment process for a replacement is underway and an update will be provided to the market at the appropriate time. Buying Opportunity • Apr 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €0.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.3% in 2 years. Earnings is forecast to grow by 120% in the next 2 years. Announcement • Apr 05
Speedy Hire Plc to Report Fiscal Year 2022 Results on May 24, 2022 Speedy Hire Plc announced that they will report fiscal year 2022 results on May 24, 2022 Announcement • Feb 01
Speedy Hire Plc (LSE:SDY) commences an Equity Buyback Plan for 52,831,110 shares, representing 10% of its issued share capital, under the authorization approved on September 9, 2021. Speedy Hire Plc (LSE:SDY) commences share repurchases on January 31, 2022, under the program mandated by the shareholders in the Annual General Meeting held on September 9, 2021. As per the mandate, the company is authorized to repurchase up to 52,831,110 shares, representing 10% of its issued share capital. The minimum price which may be paid for each ordinary share is its nominal value and the maximum price which may be paid for each ordinary share is the higher of an amount equal to 105% of the average of the middle market quotations for an ordinary share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the ordinary share is purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. Any shares purchased under this authority may either be cancelled or held as treasury shares. The authority shall expire at the earliest of the conclusion of the next Annual General Meeting, or on September 30, 2022, whichever is earlier. As of June 18, 2021, the company had 528,311,109 ordinary shares in issue and no shares in treasury.
On January 27, 2022, the company announced a share repurchase program. Under the program, the company has has entered into an irrevocable commitment with Liberum Capital Limited and Panmure Gordon to repurchase up to £30 million worth of its shares. The repurchases will commence from January 28, 2022. Buying Opportunity • Jan 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be UK£0.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.9% per annum over the last 3 years. The company has become profitable over the last year. Reported Earnings • Nov 19
First half 2022 earnings released: EPS UK£0.018 (vs UK£0.002 loss in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: UK£188.6m (up 28% from 1H 2021). Net income: UK£9.30m (up UK£10.3m from 1H 2021). Profit margin: 4.9% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Reported Earnings • Jun 29
Full year 2021 earnings released: EPS UK£0.004 (vs UK£0.015 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£332.3m (down 11% from FY 2020). Net income: UK£2.10m (down 72% from FY 2020). Profit margin: 0.6% (down from 2.0% in FY 2020). Announcement • May 25
Speedy Hire plc Recommends Final Dividend for the Year Ended 31 March 2021, Payable on September 24, 2021 The Board of Speedy Hire Plc recommended a final dividend of 1.40 pence per share for the year ended 31 March 2021. If approved at the forthcoming Annual General Meeting the dividend will be paid on 24 September 2021 to shareholders on the register at close of business on 13 August 2021. Is New 90 Day High Low • Mar 10
New 90-day high: €0.81 The company is up 12% from its price of €0.72 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.30 per share. Announcement • Mar 03
Abu Dhabi National Tanker Co acquired UAE-based assets of Speedy Hire plc. Abu Dhabi National Tanker Co acquired UAE-based assets of Speedy Hire plc on March 1, 2021. The transaction includes a Transitional Services Agreement with ADNOC L&S for up to four months, to support the transfer of assets. During this time, Speedy’s UAE-based employees will be on-boarded by ADNOC L&S at its Mussafah offshore logistics base.
Abu Dhabi National Tanker Co completed the acquisition of UAE-based assets of Speedy Hire plc on March 1, 2021. Executive Departure • Feb 17
Independent Non Executive Director has left the company On the 17th of February, Robert Contreras' tenure as Independent Non Executive Director ended after 5.2 years in the role. As of December 2020, Robert personally held only 40.00k shares (€32k worth at the time). A total of 2 executives have left over the last 12 months. Announcement • Jan 26
Speedy Hire plc Announces the Appointment of Shatish Dasani as A Non-Executive Director with Effect from 1 February 2021 Speedy Hire Plc announced the appointment of Shatish Dasani as a Non-Executive Director with effect from 1 February 2021. Shatish will also be appointed Chairman of the Audit & Risk Committee and a member of the Nomination Committee from that date. Shatish has over 20 years' experience in senior public company finance roles across various sectors, including building materials, general industrial and business services. He is currently a Non-Executive Director and Chairman of the Audit & Risk Committee of Renew Holdings plc, the engineering services group supporting UK infrastructure. He is also a Trustee and Interim Chair of Unicef UK, the children's charity. Previously Shatish was Chief Financial Officer of Forterra plc and TT Electronics plc, and has also been alternate Non-Executive Director of Camelot Group plc and Public Member at Network Rail plc. Is New 90 Day High Low • Dec 29
New 90-day high: €0.78 The company is up 41% from its price of €0.56 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.59 per share. Reported Earnings • Nov 20
First half 2021 earnings released: EPS UK£0.002 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: UK£163.8m (down 20% from 1H 2020). Net income: UK£800.0k (down 94% from 1H 2020). Profit margin: 0.5% (down from 6.5% in 1H 2020). The decrease in margin was driven by lower revenue. Announcement • Oct 10
Speedy Hire Plc to Report First Half, 2021 Results on Nov 18, 2020 Speedy Hire Plc announced that they will report first half, 2021 results on Nov 18, 2020 
