Somero Share News (SOM)

DIRECTOR DEALINGS: Somero Enterprises CEO Buys Shares

UK WINNERS & LOSERS: M&S Dips But Aeorema Jumps As It Recommends First Dividend

Somero Enterprises Sees Full-Year Profit 10%-20% Above Market View

Somero Reports Strong Half, Sees Full Year 15% Ahead Of Expectation

Somero annual profit to beat forecasts after revenue surge

Somero Enterprises' revenues surged in the first half, prompting the company to predict full-year profits well ahead of expectations. Group revenue at the US-based company jumped by 30% to $21.0m (£13.5m) in the six months ended June 30th. North American sales were up 28% to $12.2m. AIM-listed So

Somero Enterprises almost doubles full year revenue

Somero Enterprises returned to a profit for the year ended December 31st, boosted by a 47 per cent increase in revenue and higher gross margins. Profit for the year came in at $1.2m, compared to a pre-tax loss of $2.3m the previous year. Basic earnings per share totalled $0.02. Revenue climbed fr

Tuesday broker round-up UPDATE

Andor Technology: Investec shifts target price from 460p to 500p and keeps a buy recommendation. Associated British Foods: Nomura revises target price from 1790p to 1800p, while its neutral rating remains unchanged. Barclays: Espirito Santo raises target price from 346p to 418p and reiterates its

Somero shoots higher on revised earnings guidance

Shareholders in laser machinery maker Somero Enterprises were beaming after the company said it made more profit in the first half of the year than the market was expecting it to make in the whole of the year. Earnings before interest, tax, depreciation and amortisation (EBITDA) at the half year st

Bodycote CEO ditches chunk of shares

Stephen Harris, who has held the role of Chief Executive Officer at FTSE 250 heat treatment firm Bodycote for over three years, sliced off a sizeable chunk of his shares on May 4th. Harris, who has also been a director of Spectris, ditched 94,000 shares at 421.00p each, earning himself the handsom

Small caps round-up: Somero Enterprises, Quindell Portolio, MDY Healthcare...

Laser machinery maker Somero Enterprises has announced that trading in the first quarter of the year has been 'significantly' ahead of expectations as a result of an upturn in underlying demand. Consequently, the board now believes revenues are likely to be some 15% ahead of current market expecta

Small cap round-up: Adventis, Alexon, Somero...

Marketing agency Adventis' healthcare business has experienced a 'very considerable' downturn and will post a £0.26m loss for the full year. Full year results may also contain a significant goodwill impairment charge. For the full year underlying profits will be approximately £0.45m. Clothing gr

Small caps round-up: Stanley Gibbons, Plantic, Volga, Somero...

Stanley Gibbons has acquired first day cover stamps and collectibles business Benham from the flowers and gifts retailer, Flying Brands for £1.5m. Benham produced a full-year revenue of £2.96m for Flying Brands in its last full-year results, with a pre-tax profit of £0.41m. Stanley Gibbons' Chie

Petrofac director sells before demerger

Michael Press has raised £1.4m from selling shares in oil services provider Petrofac ahead of the proposed demerger of its oil and gas assets. Press is the senior independent non-executive director on the board of Petrofac. He sold 120,000 shares at 1173.65p each. He retains 120,000 shares. This i

Somero to miss expectations

Shares in Somero Enterprises fell back after the maker of laser-guided equipment for levelling concrete floors said results for the year to December 31 would be below expectations amid difficult trading. 'We anticipate market conditions will remain challenging in 2010 and future demand levels will