Good morning!
Profit warning webinar
Last call for Ed's free webinar, starting at 12:30 today. The sign up link is here.
I forgot to say yesterday, that the data used in this webinar is specifically small caps-based. So this project was originally something I started - by looking through my reports for last year, and using that as a source of profit warnings - since I usually cover the day's profit warnings in these reports.
Then the details on each company's profit warning went onto a spreadsheet, and I started looking at things like: when the share price bottomed out, what % gain (if any) could be had by buying after a profit warning, which companies/sectors were more likely to have profit warnings, etc.
Unfortunately it soon dawned on me that this was a herculean task which would take months of hard work, so reluctantly I had to drop it, after barely having started. Imagine my delight when Ed picked up on it, and put a team of analysts together to properly execute this project. It's taken months, but it's now finished. The results should be fascinating!
EDIT: I hope everyone enjoyed the webinar. I found it absolutely fascinating, and a big wake-up call for me to stop catching falling knives!
Here is the recorded video of the webinar, in case you missed it.
eBook on profit warnings
Here is the link to download Stockopedia's eBook which Ed referred to in the webinar. Essential reading I would say.
Somewhat belatedly, I'll now get stuck into looking at some individual company results & trading updates.
Speedy Hire (LON:SDY)
Share price: 42.25p (up 15.0% today)
No. shares: 523.5m
Market cap: £221.2m
Interim results, 6 months to 30 Sep 2016 - these figures have been well-received by the market, with a 15% share price rise today. Speedy Hire is an equipment hire company, focused mainly on the UK & Ireland.
There was a positive trading update recently, which I covered here in my report of 3 Oct 2016. So we already knew that the turnaround strategy was beginning to work. The highlights table below, taken from today's interim results, makes very positive reading, with all key metrics moving strongly in the right direction;
Valuation - good figures today have driven forecast upgrades by at…
