We initiate today on Speedy Hire. During a period of less favourable market conditions, Speedy Hire has taken a progressive approach to strategic business improvement and this programme is gathering momentum. As a result, we consider it to be much more than a cyclical recovery story. Having traded at or below its 34p per share NAV for much of calendar 2023, Speedy’s share price broke through this level in the last month and has since sustained this momentum. It is now up c.14% YTD (versus c.3% for the FTSE All-Share Index). On our estimates, Speedy is trading on low conventional forward multiples, particularly so by FY27, and that is before factoring in more ambitious company goals. With a 6.8% dividend yield, Speedy shares offer both income and growth. Taking a simple average of selected peer group multiples and our hybrid DCF/JV approach gives a mid-point fair value of 51.1p per share for the company which is c.34% above the current share price. Read the note here: https://lnkd.in/dsW5TBPk
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The moving parts behind Speedy Hire’s growth aspirations and Velocity strategy are explained in this note from Equity Development. It is more than just a cyclical recovery story.
We initiate today on Speedy Hire. During a period of less favourable market conditions, Speedy Hire has taken a progressive approach to strategic business improvement and this programme is gathering momentum. As a result, we consider it to be much more than a cyclical recovery story. Having traded at or below its 34p per share NAV for much of calendar 2023, Speedy’s share price broke through this level in the last month and has since sustained this momentum. It is now up c.14% YTD (versus c.3% for the FTSE All-Share Index). On our estimates, Speedy is trading on low conventional forward multiples, particularly so by FY27, and that is before factoring in more ambitious company goals. With a 6.8% dividend yield, Speedy shares offer both income and growth. Taking a simple average of selected peer group multiples and our hybrid DCF/JV approach gives a mid-point fair value of 51.1p per share for the company which is c.34% above the current share price. Read the note here: https://lnkd.in/dsW5TBPk
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#SDY #growthinvesting #incomeinvesting #recovery #planthire #services A detailed explanation of how self-help and reassessment led by CEO Dan Evans and CFO Paul Rayner has left Speedy Hire in good shape to prosper and make a mockery of its shares' low PER and high yield - well worth reading this note 👍
We initiate today on Speedy Hire. During a period of less favourable market conditions, Speedy Hire has taken a progressive approach to strategic business improvement and this programme is gathering momentum. As a result, we consider it to be much more than a cyclical recovery story. Having traded at or below its 34p per share NAV for much of calendar 2023, Speedy’s share price broke through this level in the last month and has since sustained this momentum. It is now up c.14% YTD (versus c.3% for the FTSE All-Share Index). On our estimates, Speedy is trading on low conventional forward multiples, particularly so by FY27, and that is before factoring in more ambitious company goals. With a 6.8% dividend yield, Speedy shares offer both income and growth. Taking a simple average of selected peer group multiples and our hybrid DCF/JV approach gives a mid-point fair value of 51.1p per share for the company which is c.34% above the current share price. Read the note here: https://lnkd.in/dsW5TBPk
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Consistent with Speedy Hire’s AGM statement (on 5 September) H125 hire segment revenue is in line with the prior year and management expectations for the full year are unchanged. We expect a H1 bias to capex and, relatedly, a H2 bias to profitability both driven primarily by new business. Growth and margin expansion are key Velocity objectives; this should become increasingly visible as H2 progresses. H125 results are scheduled for 21 November. Speedy’s share price has traded between 35p-40p range over the last quarter. Currently sitting at the lower end of this range, performance is now broadly in line with the FTSE All-Share Index YTD. With no material changes to underlying estimates, previous comments relating to low and rapidly compressing earnings multiples still apply. Reaffirmation of FY growth expectations at the H125 results announcement stage could be a catalyst for restoring share price momentum in our view. Ahead of that, our flat, unchanged dividend expectation offers a prospective 7.2% yield and our fair value is 51p / share. https://lnkd.in/e_imSKM3 Dan Evans Paul Rayner Toby Thorrington
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Paycom Soft ( $PAYC ) current probability of bankruptcy is under 7%. LOW: Paycom Soft employes about 6.3 K people. The company is managed by 29 executives with a total tenure of roughly 204 years, averaging almost 7.0 years of service per executive having 218.93 employees per reported executive. Paycom Soft maintains shares outstanding of 57.7 m. Paycom Soft is trading at 190.24, which is -2.7% down. Day Low was 190.09. https://lnkd.in/gUEXeJ2v #hotstocks #investing #trading
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🤔 Are you puzzled by driver staffing issues? Whether you need one key driver or a fully staffed team, Quicktemp is dedicated to providing comprehensive staffing solutions tailored to your needs. Trust us to deliver the exceptional support your team deserves. 🧩 Peace of Mind: Rest easy knowing your staffing gaps are filled with dedicated and hard-working skilled drivers. 🧩 Perfect Fit: Just like a jigsaw puzzle, our drivers are tailored to match your unique requirements, ensuring a smooth operation. 🧩 Seamless Solutions: Our drivers slide right into place, providing reliable and efficient service where you need it most. Don’t let staffing shortages leave you puzzled. Connect with QuickTemp today. #Quicktemp #DrivingAndLogistics #StaffingSolutions #TrustedStaffing #QualityServices
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🤔 Are you puzzled by driver staffing issues? Whether you need one key driver or a fully staffed team, Quicktemp is dedicated to providing comprehensive staffing solutions tailored to your needs. Trust us to deliver the exceptional support your team deserves. 🧩 Peace of Mind: Rest easy knowing your staffing gaps are filled with dedicated and hard-working skilled drivers. 🧩 Perfect Fit: Just like a jigsaw puzzle, our drivers are tailored to match your unique requirements, ensuring a smooth operation. 🧩 Seamless Solutions: Our drivers slide right into place, providing reliable and efficient service where you need it most. Don’t let staffing shortages leave you puzzled. Connect with QuickTemp today. #Quicktemp #DrivingAndLogistics #StaffingSolutions #TrustedStaffing #QualityServices
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5 Steps to Prevent Backdoor Hires from Hurting Your Agency’s Revenue Hey everyone! 👋 Ever feel like you’re losing out on placement fees because of backdoor hires? I’ve spoken to agencies who’ve lost out big time because clients hired their candidates without letting them know. Here’s how you can stop it from happening: Automate Your Candidate Tracking: Let automated systems do the hard work. They’ll alert you the moment a candidate you submitted updates their employment status. Audit Your Clients’ Hiring Practices: Don’t wait until it’s too late—schedule regular audits to catch any discrepancies. Tighten Your Contracts: Ensure your agreements include clauses that protect you from backdoor hires. Clear terms = less confusion Use Backdoor Hire Detection Tools: Tools like HireGuard scan social media and job boards to detect when your candidate gets hired without your knowledge. Move Quickly: If something feels off, trust your instincts and act fast. The faster you address it, the faster you recover those fees. Let’s chat—have you experienced backdoor hires before? What did you do to fix it? Drop a comment and let’s share ideas! #AgencySuccess #BackdoorHires #RevenueRecovery #StaffingGrowth #HireGuard
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Isn’t true growth all about patience and long-term progression?⏩ Seeing my brother turn 18 has been a reminder of how time brings change and growth. Just like it takes time to build real wealth, I know that growing RDR Recruitment Done Right will be a long-term effort, with steady progress year by year. I’m committed to running RDR for the long haul, improving our services and impact for both clients and candidates. The journey is just beginning, and I’m looking forward to what’s ahead ✅ RDR - Recruitment Done Right 💙 #HealthcareRecruitment #BusinessGrowth #LongTermSuccess #Motivation
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🚛 Exciting News from TTJ Recruiting! 🚛 We're thrilled to announce the expansion of our 3rd Party Recruiting services, aimed at enhancing your #DriverFleet with top-notch #Quality, #Qualified #Drivers. What sets us apart? Our cutting-edge approach to screening drivers goes beyond mere qualifications. Powered by the renowned Star Behaviors, LLC #BehavioralAssessment for #TruckDrivers, we pinpoint candidates whose core values align seamlessly with your organization's ethos. Partnering with Tenstreet, LLC, we've revolutionized the application process. Say goodbye to tedious "Copy and Paste" methods—our integration ensures seamless submissions and expedites the journey from application to hire with Tenstreet's Auto-Send Signature Release feature. But here's the best part: With our #PerformanceBasedPricing, you pay only upon successful recruitment. It's a win-win—we deliver quality drivers, and you invest in results. Ready to elevate the caliber of your #DriverFleet? Reach out to us at 715-203-1477. Let's embark on this journey together! 🌟 #TTJRecruiting #UpgradeYourTeam #QualityDrivers
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It's that time of the week again... 😎 As we settle fully into Q4, we are continuing to see an increase in appetite for senior hires, likely to bolster teams before the New Year. Although there's still some tentativeness around the Oct budget, lenders & hiring teams are moving with confidence, which in turn will only make candidates more confident in their move, and the knock on of that is of course a healthier and more competitive market for everyone! Hiring managers need to appreciate the speed at which their processes are moving, and likewise, candidates need to make informed, strong decisions on their next role. Do not let the year drawing to a close put you off both hiring and moving.. this is the perfect time to be inspired, prepared, and organised. The world is not new come Jan 01! #specialistlending #recruitment #Q4move
