Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Dramatic turnaround over the year . I was expecting an improvement, but nothing on this scale. We've gone from £-5.7m to £50.3m in annual operating cashflow, and net debt down from £30m to £10.6m. No mean feat, that's for sure. Management have done an exceptional job here.
Very encouraging. Let's hope they manage to keep the ball rolling for another year.
@TheRedDot Well they got that badly wrong. Positive cash position of £11m and debt reduced from £30m to £10m.
Great results, revenue up, profits up, dividends up. Uptick on SP
Yea seen this have sold out at a small profit never no how long these things can roll on and the damage they can do so oh well I’ll keep my eye on them.
Https://www.constructionenquirer.com/2023/05/15/severfield-workers-vote-to-strike-over-pay-dispute/
Net cash will be negative £28M in 2024 with bumper £3M interest being forked out annually. Very high risk on a forecast bumper turnover of £571M. Everything has to go right yet we live in volatile times. I suppose we will have to see what the TR1 changes are like to see if supported or not.
A local BBC news item today stated that the company managing the Bilsdale site said the new mast will be back in use by the start of the summer. Job about done then. Well done to all concerned.
Steelmaker JSW ‘bullish’ on grabbing share of India’s infrastructure boom Google this.Can only see this as positive for the company with growth prospects for years to come no wonder LG recently came on with 4.97 stake will be adding few more if get the chance.
https://www.constructionenquirer.com/2023/02/03/hare-and-severfield-win-250m-sellafield-deal/
Joined the party here with 23461 shares @63.5876 on 16/12. Looking to hold for 18 months at least. Good post brexit / onshoring play and I couldn’t believe how cheap the company was!
Progressive report numbers to 2025 issued and still only 3p divi in 2025. WTF turd is that. Thought they could be far more aggressive target returns for us. We waited long enough.
great dividend yield
decent geographical diversity
experienced management
yes, tough market conditions...but
@Peakybinder Fair play, you called it. Now 50p. And as I said, I'm now filling my boots :)
Remember, the infamous Kwarteng has vowed to push through 138 infrastructure projects as we seek to build our way out of recession.
RIP Coolio
Don't understand how China steel making capability affects SFR only from global steel price point of view
Do China not fabricate?
Perhaps someone else can offer a reason for the recent rise & fall in SP?
Severfield don't make steel they buy it to fabricate and erect. Spike in costs can be deadly!
Jefferies cuts Severfield price target to 101 (108) pence - 'buy'. Well a quid is fine by me at the current price.
For anyone still wondering about the recent SP boost, I believe it is down to China's current rationing of energy due to their heatwave, which will hit China's steel making capability.
Yes average broker prices going up and sp been going down. Quite a large divergence now and fundamentals look sound if a bit unexciting! That's prob not a bad thing in the current climate and sp movement today could show some good news is in the pipeline ...
Likewise, AGM statement and xd shortly, quite a good div. Sp heading to 70 IMO
Yes just noticed the large movement (for SFR). Not aware of anything but v tempted to trade the momentum..
7% anyone any idea why ?
P/E 8.1, PEG 0.6 with excellent order book and visibility ?
Kind of presumes global economy is about to grind to a halt with rampant inflation and prohibitive sanctions.
Looks dirt cheap to me.
I think fundermentaly this is cheap, but think it's not finished getting hammered yet....
Simply Wall Street believe SFR is 'Very undervalued with adequate balance sheet and pays a dividend. SFR (£0.58) is trading below our estimate of fair value (£0.96)'. Price almost at year low. Lots of nuclear work coming up. Time to call the bottom ?
Looks like I will be buying at low 50s, maybe lower..