Speedy Hire had a challenging FY16. As previously flagged, sales have been impacted by the ill-advised strategies of the previous management team. However, the problems are being addressed, with greater focus and cost discipline being re-introduced. Q4 sales were up sequentially from Q3, providing some comfort that the problems are being fixed. We suspect the new management team will increasingly be put under pressure to consider M&A opportunities, providing further support for the share

17 May 2016
Looking through the noise

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Looking through the noise
Speedy Hire Plc (SDY:LON) | 25.3 -0.1 (-1.2%) | Mkt Cap: 116.7m
- Published:
17 May 2016 -
Author:
Adrian Kearsey -
Pages:
3 -
Speedy Hire had a challenging FY16. As previously flagged, sales have been impacted by the ill-advised strategies of the previous management team. However, the problems are being addressed, with greater focus and cost discipline being re-introduced. Q4 sales were up sequentially from Q3, providing some comfort that the problems are being fixed. We suspect the new management team will increasingly be put under pressure to consider M&A opportunities, providing further support for the share