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Great to read in the Norther Echo newspaper (14/05/22) that Severfield has been awarded a contract in connection with the construction of a new 314 metres high replacement mast structure, weighing more than 200 tonnes, at Bilsdale by Arqiva. The original mast was destroyed in a fire in August 2021 and those of us that relied on it for our TV signal suddenly found we had to find some other way of entertaining ourselves. The temporary fix that was put in place has been reasonable but it will be nice to have a permanent solution using the know how of Severfield who are based in nearby Thirsk. All good!
Cash tells us the real story £££
Like you say, bargain at 55p so let's see what happens, but fundermentals dropping off here.. GLA
@Peakybinder I can see 55p but I reckon 50p is a stretch. I hope you're right though as I will be filling my boots at 50p and below.
Think results are end of May, think board will be full of woes about unsure of future in these times bla bla... Could be a bargain around 50p soon... GLA
Hefty enough director sell?
very solid interim results and a progressive dividend.. so this should be around 80 p instead of around 70p now imho.. hopefully buyers come in here in coming hours, days and/or weeks off the back of this.. it's a very low profile stock amongst PI's at least though.. so unsure if it will tick on meaningfully up ... but there's a clear case why it should..
IMHO and DYOR
My informant Madmick told me to sell, it’s hard to believe a word he says these days
I still see this as a very solid company now and thought previous recently sustanined 80p level was far from a stretch s/p valuation - if you look back on my posts here you'll see 100p was a fair 21/22 target in my mind, given potential rising costs here I'd say 90 to 95p range instead now granted - so the fall to 65 p ish was overdone imho.. and putting my money where my mouth is I did a few purchases betwen 65p and 70p ..and also did one more top up early this morning and might do one more again in coming days....
Chri55 not shanny ..apols
I agree this could be an interesting buy now Shanny.. I sold most of my holding down in late 70's early 80's for a tsty per cent profit, at least... out of boredom mostly and not that long ago .. fortunately as it turned out as it went well south soon after.. and started buying back yesterday and added some again today..
the noise from small additional share issuance around exec schemes/rewards caused some selling I guess - I think that was the cause anyway ..having only glanced at RNS's yesterday, but happy to stand corrected ? - and shows that this is illiquid and easily moved any which ways.. altgether, this is never going to be a big bet for me ... 5k gbp type thing.. on fundamentals I still think this could be 100p .. I'd sell again towards 90 p though .. if it every gets there.. DYOR
Sorry, that was volume for the day so buys and sells, my mistake. I see March was another month with high volume, is it accumulation or distribution, something we'd all like to know.
Fancy this if I can buy around 75p. How do we know if the £3m and £4m were buys in July? I've got pretty decent support around 74p.
Another one of these very big buys went through today. Roughly 1.5% of the market value. It’ll be interesting to see whether there are any declarations of interests tomorrow.
Some huge (4M) buys around 11.30 this morning would suggest someone else agrees with you! Also new business coming in all the time:-
http://www.publicnow.com/view/91D4C46340987B6EE09C9E4AED2DA69A3913D3B1
Hold tight for 100p at least imho.
good solid results in co vid times.. margins effected a small bit thru this challenging pandemic, which is understandable..
I think this business is in a very strong position generally and I'm a little disappointed this share price is not moving up towards 90p around about now.. still see as a decentish buy at these levels or, for those here for a long while already, like myself.. a good hold
Indeed LedZepper.. I wouldn't look to sell until 100p plus here now.. here's hoping !
Yes, it’s as good as we could reasonably expect within the context of a pandemic. I had planned to exit when I could sell for 80, since I seem to have held an interest for a very long time, even topping up to reduce my average. However, the market chooses to largely ignore SFR’s progress, and the Progressive research (ha! I don’t know why they bother continuing this), and has stubbornly remained within the 50-75 range for years. But perhaps not now. The acquisitions have been well made; the Indian enterprise will indeed deliver massive growth once CV19 has been controlled; the fundamentals are progressive - as is dividend yield. How can I sell now?!?
This company is clearly on a strong forward momentum path and I added a small amount more this morning .. and now expect - aka hope- 100p is doable here in 2021
Good luck to all fellow holders
@NicetoMichu You’ve reminded me to sign up to RNS announcements!
Things were pretty boring at 70p but I was hoping for a dip so I could top up. Looks like this announcement will rebalance my portfolio though.
Looking forward to seeing what they can do with both of their acquisitions - particularly as we build our way out of this mess.
test
And topped up small off back of this RNS .. had sold down some previously as thought would - boringly -hold around 70 p .. but this quickly accreditive acquisition can drive quicker/larger growth now imho
https://twitter.com/surprised_trade/status/1339155575486164993
this will likley be a job for SFR , Heathrow Airport: Supreme Court gives go-ahead for third runway, they did terminal 2 ;-)
You're welcome was because I start tipping this at 55p a few months back to go decently higher and it went to 70p da_Master.
You seem to have a clear view here already/now. So good for you and you could easily be right too.
Per my sundry posts already, I'm hoping much better margin on strong turnover in 2021.. including India coming back.. and this allowing bigger dividend and /or a stronger again company finances generally and that allowing the s/p to motor further on up in coming months.
I may easily be wrong of course (While I can be right sometimes I can be wrong plenty in my calls too)
Generally, while I respond here out of common courtesy, I'll also offer that hereafter I've no interest in getting into a back and forth with you to debate your view versus mine and so will not respond to you specifically any more.
Good luck with whatever bet you decide on -or not - here.
took some at 67p, and ride closer to 75p -80p+ not unreasonable based on an opening up economy over the next few months and as markets tend to look ahead all ppints to increasing optimism and value going forward