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At last the iceberg at 255p has been consumed.
Https://www.share.com/blog/2017/february/6-dividend-growth-champions/ "Somero Enterprises Inc. (AIM:SOM) With a strong finish to 2016 the US based manufacturer of laser-guided machinery used in concrete placement recently reported that revenue for the full year and net cash at the year-end was ahead of market expectations. This saw the company lift the full year dividend 50% to 11 cents (8.7p) equating to a historic yield of 3.4%. The business has invested significantly in previous years and with the market for its products looking very supportive, notably in the US, the cash should continue to build with the potential for further meaningful increases in the dividend."
Yep big buys and worth holding long term I think Well manger company
Here all day. Hope there are not many left to go
632,350 shares just bought at the full 255p offer, and every other trade so far today is a Buy. Has to be a seller out there. Just a question of when he runs out.
This morning ADFN shows 11 trades all sells. My 2 trades shows as sells. Judging by the prices paid, only 4 are sells and the rest buys. I have bought twice. Wonder why they are doing this?? Shares bady needed??
More new highs now.
Tipped in Shares Magazine this week: Article concludes with... "SHARES SAYS: We tipped this stock a year ago and it has since risen by 68.5%; a superb result. We remain big fans of the company as the stock isn't overly expensive and there is a supportive backdrop amid implications that Trump wants to bring manufacturing back to the US." And by The Naked Trader last night: "I picked up some more Somero (SOM). Already in a nice profit with this one but what a fantastic trading update on Tuesday. Results are ahead of expectations and significantly cash has gone well ahead of expectations. It is also on a real roll which could see the price push on up to the 300p area - a really lovely top up and hold for me. Could be a massive winner in 2017."
SOM are positively viewed here FYI: Http://www.fool.co.uk/investing/2017/01/10/why-small-caps-somero-enterprises-inc-and-ht-group-plc-could-soar-in-2017/ "Beating expectations Shares of laser-levelled concrete floor specialist Somero Enterprises (LSE: SOM) rose by 8% this morning after the group advised investors that full-year earnings before interest, tax, depreciation and amortisation (EBITDA) should be “comfortably ahead of current market expectations”. Cash generation has also been strong. Somero’s year-end net cash balance is expected to be “significantly ahead of market expectations”. As a result, Somero has increased its dividend payout ratio from 30% to 40% of earnings, and is considering whether to pay a special dividend in 2017. Somero’s speciality is making the equipment required to produce perfectly flat concrete floors for large warehouses. Modern high racking systems require a level floor, and this is a growth business. The group said trading was “solid” in core markets, with Europe, North America and Australia all contributing to growth. Trading in China — a huge potential market — remained “healthy”. The company’s share price has now risen by an astonishing 2,500% over the last five years. Somero went into the last recession with too much debt, and narrowly avoided disaster. The risk of another cyclical downturn is real, but the group’s management have been much more conservative with financing this time round. Somero has almost no debt, and management plans to maintain a $10m net cash buffer to protect against the costs of a future slowdown. After today’s gains, I estimate that Somero shares trade on a forecast P/E of about 11, with a prospective yield of about 3.1%. If I was lucky enough to hold the shares, I certainly wouldn’t sell."
Somero lifts expectations for revenue, EBITDA Tue 10 January 2017 11:50 | A A A Hargreaves Lansdown. (ShareCast News) - Somero updated the market on its trading for the financial year to 31 December on Tuesday, saying that in the six months since its first half update, the company continued to deliver profitable growth and cash generation. The AIM-traded firm said that due to a strong finish to 2016 combined with continued margin improvement, the board now expected to report revenue slightly ahead of current market expectations and to report EBITDA comfortably ahead of current market expectations for the full year. In addition, given the strong cash generation of the business, Somero now expected to report net cash as of 31 December significantly ahead of market expectations. "Demand in the second half of 2016 remained robust across our core product range with particularly strong interest in recently launched new products, the large line S-10A and small line S-940 Laser Screed machines," Somero's board said in a statement. "Also contributing significantly to growth during the period were sales of large line S-15 Laser Screed machines, STS--11M spreaders, 3-D Profiler Systems, and parts driven by the high utilization of our installed base of equipment by customers." Geographically, second half performance in the company's core markets was said to be solid, with Europe contributing significantly to growth, North America contributing satisfactorily to growth and trading in China remaining healthy. Trading in Latin America and the Middle East improved considerably in the second half of 2016, as expected, with Australia also contributing "solidly" to growth during the period. "In Southeast Asia, India, Scandinavia, Korea, and Russia, while trading levels were in line with or down somewhat from the prior year, interest levels in our products remain encouraging in each of these territories and we see considerable growth opportunities going forward." Following record results in 2016, the board said it remained confident in the company's ability to deliver another year of profitable growth in 2017 based on healthy market conditions in its core markets, and encouraging growth opportunities in our other territories. "The board's confidence is further supported by encouraging pro-growth corporate tax reform and fiscal policy proposals in the United States. "In recognition of Somero's financial strength, strong cash generation, and our confidence in the 2017 outlook, the board is pleased to announce that it has approved an increase to the company dividend payout ratio to 40% of adjusted net income." Somero confirmed that increase was from the previous 30% payout ratio in effect for 2015. It said the change would become effective with the final 2016 dividend to be announced with Somero's final results for the year ending 31 December 2016, which were scheduled to b
Finncap have lifted their target price to 254p (from 205p). I suspect this is an initial reaction which will enable them to further lift their target price once the prelims are issued. Canaccord also being rather cautious, again presumably leaving room to upgrade later "1237 GMT Somero Enterprises Inc shares trade 10% higher at 240p. The manufacturer of laser-guided equipment expects 2016 earnings to exceed current market expectations and has raised its dividend payout ratio to 40% from 30%. This prompts Canaccord to lift 2016's Ebitda expectations by 6.5% to $24M. Somero also said cash reserves has exceeded the targeted net cash level and adds that it will review its cash and consider a special dividend later in 2017. In addition to the potential payout, Canaccord expects the group to review its needs for further investment and has raised net cash expectation to over $18.4M from $16.2M for FY16. Keeps a buy rating and 250p price target on stock"
Investoirs Chronicle. Whether or not Donald Trump ultimately proves to be a boon for US infrastructure, trading is already looking very strong Florida-headquartered concrete levelling equipment specialist Somero Enterprises (SOM). This morning, shares in the Aim-listed company jumped 8 per cent after a trading update suggested full-year net cash, cash profits and revenues would all be ahead of expectations. The chief contributors to growth in the latter half of 2016 were the European division, and China, while domestic growth was described as “satisfactory”. Our successful buy call is under review.
SOM Somero..... Finncap upgrade Increase price target from 205 to 254 At 254 p/e of 12 for 2017 F/c sales for 2017 are upped to $83.6m 2017 Eps upped to 26.1c or 21.5p 2017 yield f/c 4.2%
SOM Somero breakout. Special divi to be paid aswell. Expect Broker upgrades over next 48 hours. http://content.screencast.com/users/thomaser/folders/Default/media/ef37e765-aeae-43ff-ab3e-b841fc4418fe/som%203.jpg
SOM....on the verge of breaking out......... http://uk.advfn.com/p.php?pid=legacydaily&epic=L^SOM&type=4&size=2&period=4&ind_type1=1&ind1_1=&ind2_1=&ind_type2=2&ind1_2=12&ind2_2=&olx_1=3&ma_type1=3&o_1maday1=25&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=160&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
REG – Somero Enterprises – Trading Update 10-01-2017 07:00 For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20170110:nRSJ7327Ta RNS Number : 7327T Somero Enterprises Inc. 10 January 2017 10 January 2017 Somero Enterprises, Inc. ("Somero" or the "Company") Trading Update Somero is pleased to provide the following update on trading for the financial year ended 31 December 2016. In the six months since 30 June 2016, the Company continued to deliver profitable growth and cash generation. Due to a strong finish to 2016 combined with continued margin improvement, the Board is pleased to announce the Company expects to report revenue slightly ahead of current market expectations and to report EBITDA comfortably ahead of current market expectations for the full year. In addition, given the strong cash generation of the business, the Company expects to report net cash as of 31 December 2016 that is significantly ahead of market expectations. Demand in the second half of 2016 remained robust across our core product range with particularly strong interest in recently launched new products, the large line S-10A and small line S-940 Laser Screed machines. Also contributing significantly to growth during the period were sales of large line S-15 Laser Screed machines, STS--11M spreaders, 3-D Profiler Systems, and parts driven by the high utilization of our installed base of equipment by customers. Geographically, second half performance in our core markets was solid with Europe contributing significantly to growth, North America contributing satisfactorily to growth and trading in China remaining healthy. Also, as expected, trading in Latin America and the Middle East improved considerably in the second half of 2016, with Australia also contributing solidly to growth during the period. In Southeast Asia, India, Scandinavia, Korea, and Russia, while trading levels were in line with or down somewhat from the prior year, interest levels in our products remain encouraging in each of these territories and we see considerable growth opportunities going forward. Following record results in 2016, the Board is confident in the Company's ability to deliver another year of profitable growth in 2017 based on healthy market conditions in our core markets and encouraging growth opportunities in our other territories. The Board's confidence is further supported by encouraging pro-growth corporate tax reform and fiscal policy proposals in the United States. In recognition of Somero's financial strength, strong cash generation, and our confidence in the 2017 outlook, the Board is pleased to announce that it has approved an increase to the Company dividend payout ratio to 40% of adjusted net income. This is an increase from the previ
SOM Somero Enterprises,(featured here a few weeks back) CRACKING update.'EBITDA comfortably ahead of current market expectations for the full year'. AND A LOT MORE CHECK IT OUT. <a href='http://www.investegate.co.uk/somero-enterprises--som-/rns/trading-update/201701100700097327T/' target='window'>http://www.investegate.co.uk/somero-enterprises--som-/rns/trading-update/201701100700097327T/</a> http://uk.advfn.com/p.php?pid=legacydaily&epic=L^SOM&type=4&size=2&period=4&ind_type1=1&ind1_1=&ind2_1=&ind_type2=2&ind1_2=12&ind2_2=&olx_1=3&ma_type1=3&o_1maday1=25&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=160&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
Som and simply the best at writing rns statements!!!! Special dividend mention too at end!!!
Marvellous stuff :o)) As usual... - "EBITDA comfortably ahead of current market expectations" - cash pile "significantly ahead of market expectations" - possible special dividend - big hike in the annual dividend - very strong outlook for 2017 - higher margins - healthy trading in China This warrants a good uplift today.
RNS - good to see River & Mercantile buying and increasing their stake to over 5% with 2.84m shares: Http://www.investegate.co.uk/somero-enterprises/rns/holding-s--in-company/201701030700111146T/
AHT today reported Q2 results ahead of expectations, with the full year also to be ahead of expectations. In particular, Sunbelt in the USA continues to thrive. Enough said.
Http://money.aol.co.uk/2016/11/25/could-this-trump-friendly-stock-flatten-the-competition-in-2017/ "Could this Trump-friendly stock flatten the competition in 2017? By The Motley Fool Nov 25, 2016 With a market cap of only £128m, it's not surprising if many investors haven't heard of Somero Enterprises(LSE: SOM). But thanks to Donald Trump's US election win and his commitment to boosting infrastructure, I think this company could be receiving a lot more attention over the coming months and years. Let me explain why. Amazing returns On initial inspection, Somero hardly sets the pulse racing. It manufactures laser-guided equipment used for spreading and levelling volumes of concrete for commercial flooring and other horizontal surfaces. So far, so dull. Nevertheless, a quick look at the company's share price performance over the past few years should make a lot of investors sit up and take notice. Back in 2011, Somero's shares could be picked up for just 10p. Today, thanks to sizeable increases in revenue, net profits multiplying from $1m to $12m since 2012 and a notable jump since Trump's victory, the very same shares are priced at just over 226p each. Think about that. If you'd had the foresight (or fortune) to invest £1,000 in the company a few years ago, you'd now be looking at a pot of more than £22,000. That's quite a return. But there are other attractions to Somero besides its rocketing share price. Returns on capital and operating margins have exploded over the past few years. Although not a share most would choose to invest in for income, the dividend has also been rising by double figures and an easily-covered payout of just over 3% is expected for 2017. The company has $12m in cash on its books and no net debt. Any other positives? You bet. On a forward price-to-earnings (P/E) of just below 11 for 2017, Somero's shares still look cheap to me. As a company - albeit a cyclical one - I think Somero has a lot to offer investors..... ....Given that the majority of its revenue comes from the US, Somero isn't quite as exposed to the consequences of our EU departure. Indeed, in its last set of results in September, CEO Jack Conney made reference to the latter's strong performance in its North American, European and Chinese markets. It's this geographical diversification that, in my opinion, will see Somero outperform stocks like Kier for the foreseeable future. So long as you're willing to take on extra risk for the possibility of higher returns, I think Somero Enterprises warrants serious attention. I fully expect to see the company featuring on many watchlists before too long."
Nice plug for SOM this week: "Will Lough, assistant manager on the River and Mercantile UK Long-Term Recovery GB00B614J053) fund and director of research, makes a similar case for Somero (SOM:AIM). The group specialises in the automatic levelling of concrete and has a significant business in the US. As such, it should be a beneficiary of any infrastructure boom as governments increasingly prioritise fiscal spending over monetary policy to boost their economies. He adds: 'The group also sells a lot to groups building up warehouses, such as Amazon (AMZN:NDQ), who need their concrete completely flat to ensure that machinery can manoeuvre properly. Somero can benefit from growth in that market as well.'"
Simon Thompson upgraded SOM target price to 230 on 14th Nov.. less than 10 days later hits new target... this stock has everything going for it currently.. Existing healthy order book.. Trumps infrastructure promises and currency strength
http://www.iii.co.uk/articles/368668/aim-shares-touched-trump-effect "AIM shares touched by the 'Trump effect' By Andrew Hore | Fri, 11th November 2016 - 16:58 Somero Somero Enterprises Inc (SOM), which won the international AIM company of the year award for 2016, is an example of a US domiciled company that has performed strongly this year, and there could be additional opportunities from planned increases in US infrastructure spending. The concrete levelling equipment manufacturer will not benefit from the investment in roads and bridges, but there is talk of airport investment and there could be other spending on buildings that would require construction firms to buy more machines. North America is already a strong market, contributing three-quarters of revenues, and it is possible that some of the positive effects could be offset by the geographical spread of the rest of the business. This geographical diversification is a positive because not all countries are growing at any one time. China is a growing market, but if a Trump presidency tears up trade agreements, then that could hit non-US sales."