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from 2 days ago to bring the sp down abit for someone to buy in at lows, i topped up today cheers MM's
Considering the track record of these guys, I can see this going up a fair amount pretty soonish. Hope it does :)
revenue and profit up, debts down, EPS up, NAV up, diviend up and ex-div in the next 3 weeks, order book increased, market in india increasing so will not be impacted by brexit too much if it comes in 2019, and they say "2018 full year results expected to be comfortably ahead of previous expectations" and that should see us close that 120p gap above when the 2018 full year results is out, gla
Get in while you can! :D
above 85p soon, hopefully by end of this week or next week once everyone gets the news gla
I bought some at c.80p then topped up at 60oddp, my average is about 73p - I had faith these would perform strongly, now I hope to see the share price get back to where it ought to be. They'll probably end up being taken over lol
This should return SFR back to over 80p sooner than 18 months!
The Board is making good on its strategic commitments.
Having watched the sp move down over several months and recently begin to rise, I decided to make an investment today. All the indications suggest a return to north of 80p is a realstic 18 month target.
Whoops - meant to put Sell, not Buy :o))
I sold out this morning post-results (with some difficulty over a number of tranches). There is good news. Cash generation is great, and the divi is better than expectations too. Plus India is finally doing well, and will be boosted by the debt repayment. But the large decline in the UK order book was a big negative surprise. And EPS was slightly below consensus. Forecast EPS growth of 8%-9% per annum is pretty uninspiring for the next two years (forecasts are unchanged from Singer this morning). It's been a great, highly profitable run, but my feeling is that the upside for the near future isn't particularly worthwhile, especially with that declining order book and the shares being reasonably highly rated. Whereas the market could either take against the falling order book, or SFR's sector might stagnate in the current political environment. In which case there's possible 20% or so downside. Good luck all.
good results but price doesn't reflect it
it goes down whatttt!!!!
Could be stop hunting, as the price immediately went back upto the 79p level.
Approx. 10% fall today after the election result. Is this because their market may be pressured due to lack of economic and political uncertainty?
Good news.... Http://www.building.co.uk/spurs-stadium-gets-green-light-for-more-seats/5087567.article "Spurs stadium gets green light for more seats 8 May 2017 | By Louise Dransfield Tottenham Hotspur has received approval from Haringey council to increase the capacity of its new £800m stadium...... ......The team building the stadium includes main contractor Mace, which has been working at the site since spring 2015 with Arcadis as the cost consultant, steelwork contractor Severfield....."
That was some size of buy late Friday, £197k!
Interesting AT (institutional) trade buying yesterday and today, now at 86p.
After a few tests, SFR is breaking the 83/4p resistance and should move higher in the next few weeks. The recent trading statement, plus a positive outlook, make the shares a buy in my opinion. DYOR
Good end to the week - almost at new recent highs.
Http://citywire.co.uk/money/the-expert-view-sse-bhp-billiton-and-majestic-wine/a1008004?ref=citywire-money-latest-news-list#i=6 "Severfield building towards growth target, says Peel Hunt Structural steel specialist Severfield (SFR) is moving up the stepping stones towards achieving its growth targets, says Peel Hunt. Analyst Harry Philips reiterated his ‘buy’ recommendation and increased the target price from 85p to 90p following a strong second half that means full-year results are expected to be ahead of expectations. The shares were trading flat at 83p at the time of writing. ‘Encouragingly, this performance has been matched in cashflow, with net funds at the year end similarly ahead of expectations,’ said Philips. ‘Less positive was the news that chief executive Ian Lawson has taken a temporary leave of absence due to physical ill health…[we] are confident that the remaining team will continue the excellent progress towards the June 2016 target of doubling 2016 pre-tax profit of £13.2 million within four years.’ He said the targets ‘are simply not reflected in a 2018 price/earnings multiple of 13.6x’."
Good to see the share price still rising. N+1 Singer today again reiterate their Buy and 98p target price. They've now increased their forecasts for the year ending tomorrow to 5.6p EPS, with a 2.1p dividend. Forecasts for the coming year and 2019 have been left unchanged for now - presumably until after the results are out for more certainty. They also note that SFR will have £29.7m net cash, rising to £40.1m by March'18.
New highs now. N+1 Singer have left their 98p price target and forecasts unchanged at present, but expect them to rise as follows - note also the expected £30m cash pile: "Impact on earnings & valuation We expect to increase our revenue forecast for FY16 to just over £265m vs. our previous estimate of £260m, with an operating margin of 7.5% vs. our previous estimate of 7.0%. We expect this to drive a c.9% upgrade to our FY16 PBT forecast to around £19.5m vs. £17.9m previously. We expect net cash to rise to c.£30m in FY16 from £27.3m."
<b>BRIEF – Severfield says performance for FY 2017 now expected to be ahead of expectations</b> 28-03-2017 March 28 (Reuters) – Severfield Plc Group's performance for year ending 31 March 2017 now expected to be ahead of expectations Cashflow performance in second half has been similarly strong with net funds at year end also expected to be ahead of expectations UK business is well-placed to deliver further growth towards our objective of doubling profits by 2020 Source text for Eikon: ... Further company coverage: SFR.L (Bangalore.newsroom@thomsonreuters.com
SFR were in N+1 Singer's Best Ideas portfolio for 2017, comprising 12 stocks, and they've updated on the portfolio's progress today. They state that SFR are a stock to "reload" on, and state the following - note the site visit coming later this month: "Severfield We initiated with a Buy on 6th December last year, believing that the strong management team is well placed to drive the ongoing turnaround story and achieve the ambitious new target to double PBT by FY’20. Though the share price has made some progress since then, we believe there is more to go for and look forward to the site visit on 30th March to give new impetus to this UK market leader in the design, fabrication and construction of structural steel. This is a good play on UK infrastructure spend with a strong balance sheet and growing order book."