Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sureserve are well placed to benefit from the current energy crisis at the moment. Their smart meter business Providor deals with 2 of the big 6 suppliers, Scottish power and EDF, they also do work for Octopuss.
When the smaller energy companies go bust the bigger companies can tender for their customers. Just look at what happened recently when Octopus took on 580,000 customers from the failed energy supplier Avro.
Looking forward to the trading update.
Cheers Anger all the best.
Anger Hope your correct was only posting as looking for reasons. Been on the Grenfell Inquiry and found this. Guess we should all read and see if anything comes to light. I would like to top up as would like to take Grenfell out of the equation.
https://www.grenfelltowerinquiry.org.uk/search?keywords=Sureserve
Hi All. A holder but not poster. The grenfull discussion struck a bell. Topped up last week. To early.
https://www.fia.uk.com/news/staff-at-grenfell-fire-alarms-contractor-charged.html
Wondering if any Grenfell court cases coming to fruition etc. Still looking.
Not sure why the drop in price, but may be linked to industry wide material and labour shortages and some huge lead times affecting projects/margins. Seeing similar elsewhere, so not to worried at this stage and things should bounce back.
Only thing I can see on the horizon as maybe having an impact (as well as a lack in any real news) is Grenfell, a lot of statements/evidence released in Aug/Sept around the service/maint of some of the key safety systems looked after by Sure/its subsidiaries. There may be a sting in there somewhere...
Added more 69.98p. Happy to keep buying at this level.
Hopefully big seller will be out shortly..
Could well be a tree shake.... I hope so. The company primarily services gas boilers & the like in social housing, maybe market spooked by the gov't's new wave austerity?
Sharkz, you must have missed the contract update in Aug....
I personally think there's a lot tree shaking going on here.
People are expecting an update this week (possibly tomorrow) so this could be the MM driving out the faint hearted.
Or I've got it all wrong and this is a massively undervalued company that's being battered by the recent energy price crisis?
In complete nose-dive at the moment. Did these guys have contracts with the energy companies that went bump recently, or has the market got this wrong?
Not looking good folks
Just added at 71.99p - Absolute bargain. Can't believe people dumping at this daft price...
Rich
Let's hope it's not Slater selling off despite his puff.
Slater Investments had their Annual Investor Event a couple of weeks ago. The audio for this has just been released, and there's some good commentary on SUR (around 40 minutes in). It centres around how Slater helped restructure the company and the Board and turned SUR around after its woeful post-IPO performance.
He notes that Slater Investments have increased their investment to 15% and are now "very happy", with the company performing "very, very well".
Interestingly there was a potential bid for the company at 70p a few months ago, which Slater stopped, and he believes there's now "a lot more potential for the business from here":
Hopefully this link will work:
Https://drive.google.com/file/d/1Iq6g-NVjs6j8TC3kOrSDLCNFMQ7w0lX5/view
Grizz, last year's trading update was 6th October, so it should be very soon - presumably next week.
I may be wrong but am I right in thinking that there's a trading update tomorrow the, 30th?
The SP is up 161% from March 2020 & some very nice contracts have been landed in recent times.
The SP hasn't done anything over the last ten years. Undervalued, but the revenue has dropped significantly over the last few years.
'Anything under £1 is a bargain' Naked Trader.
At the moment, this is a steal!
Bought a tranche yesterday, but registered as a SELL. This was amongst many other purchases at around the same price, also showing a SELL.
Volumes showing sells and buys yesterday should be reviewed with caution. As for the company, the big retreat on Monday, is baffling. As posted earlier my another member, it may have been 'marked down' because of the 'gas debacle'.- as we all know has nothing directly to do with SUR. Hopefully the share price will recover to 90p and above. Good Luck!
No idea why this has dropped so much in particular. Viewed by some as a small gas play & therefore wrongly thought of as liable to go out of business? Crazy & stupid & probably wrong on my part too but i can't see any other reason. Daily Mail scaring the crap out of its readers too today i note.
Added 1st tranche at 77.7p.
Thought Id missed the boat on this one - can't understand a 14% fall when most revenue is locked in already on contracts...
Will add more if opportunity arises..
Rich
Indeed, a lovely opportunity.
Nice time to top up if you have the cash.
The Naked Trader has been buying more SUR per his update yesterday....
"As you know I am an average upper and couldn't quite resist the urge to top in the lovely Sureserve (SUR) which I talked about on the podcast as one of my lovely boring ones.
Which indeed it is, and shares keep gradually rising."
Https://masterinvestor.co.uk/equities/mid-week-small-cap-round-up-featuring-sureserve-up-global-sourcing-and-vertu-motors/
"Sureserve Group (LON:SUR) – not to be underestimated
The Guinness Partnership, a large national provider of social housing that owns and manages more than 65,000 homes throughout England, has been a long-standing client for this compliance and energy services provider.
Earlier this week the group announced an extension of their gas servicing, repair and installation contract with Guinness, which is expected to generate a revenue of £140m over the next ten years.
This excellent news took the group’s shares briefly up to 100.49p before they eased back to the current 95.5p.
Analyst Alastair Stewart at Shore Capital, brokers to the company, is looking for the year to end September to see revenues up from £195.7m to £243.1m, while adjusted pre-tax profits could rise from £9.4m to £12.9m, with earnings increasing from 4.9p to 6.6p, covering a 1.5p dividend per share (1.0p).
For next year he estimates £264m revenues, £15.4m profits, 7.8p earnings and a well-covered 2.0p dividend.
He rates the shares as having compelling value to the growth and earnings quality.
There should be a post-year end Trading Update announced in early October
This stock, which has been a cracking performer since the beginning of last year, should not be underestimated."
Featured here with broker comment on the "compelling" valuation:
Https://www.proactiveinvestors.co.uk/companies/news/958389/sureserve-valuation-compelling-after-guinness-partnership-renewal-958389.html
"Sureserve valuation compelling after Guinness Partnership renewal
Guinness Partnership is one of the UK’s leading owners of social housing
Sureserve Group PLC (AIM:SUR)’s extension of its multi-year gas service contract by up to 10 years with its long-standing client The Guinness Partnership underlines the growing quality of earnings, says Shore Cap.
Guinness Partnership is one of the UK’s leading owners of social housing and although forecasts are not changed, this major contract renewal underpins the existing estimates said Shore.
Given the long-term growth and earnings quality, the valuation remains compelling says house broker Shore at 11.6 times forward earnings and free cash flow yield of 6.3% despite the shares more than doubling."