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https://www.youtube.com/watch?v=wfraFxbWIOg&ab_channel=SomeroEnterprises
They are now consistently losing money, how is any amount of debt manageable?
Previously when i held with iWeb Som dividends took ages to show up
Same as OliG
Threeputt, thats getting on for one of the most ignorant responses ive seen on a forum.
Somero is down over 30% from its high, despite a trading update that revised earning yet higher.
During the same time the ftse all share is down 10%, an index full of companies far more exposed to events in Ukraine!
Egg, to answer your question, i am not sure what has caused the SP weakness. Its not justified. Im sad ive had no money to top up at this low, but am already very exposed to Somero (50% of portfolio) so its probably for the best.
Im looking forward to Wednesday. 60%+ RoE? 10 trailing P/E? 7% Dividend yield? Here's hoping.
As a counter weight, i sold all my position in early Jan when it became apparent that the multiple contracts that were suggested were in the bag for December, hadnt been won. And the "exciting news" was just a website revamp..
Im sure im not the only one who sold on this info!.
Also, for a while now simply wall street had been forcasting 2021 to be a lower revenue and profit year. I dont know where they get their analyst estimates from though.
Post on Somero's Facebook page showing 3 new products (covered over).
Anyone want to guess what they may be?
What a company, it just keeps giving. (And im very happy to have 30% of my portfolio parked here!)
There is a post on both RAI's linkedin and facebook saying that exciting news is coming.
I wonder what it could be?
From Facebook.
Last weekend, Somero took part in the Tilt-Up Convention & Expo in St. Louis. Always great to connect with our customers! We'd like to give a big THANK YOU to Concrete Strategies LLC. for hosting the reception and giving us a chance to deliver a sneak peek of our newest innovation designed specifically for the panel market: the Somero S-PS50.
The Somero S-PS50 is a 50 foot boom laser screed® machine that will tackle any panel project and deliver on our FASTER.FLATTER.FEWER™ promise in ways the tilt market has never seen before.
Follow Somero on Facebook now and be the first to know when the revolutionary Somero S-PS50 machine is released.
#SomeroEnteprises Tilt-Up Concrete Association (TCA) #TCA #tiltupconstruction #tiltup #tiltwalls #concreteconstruction
The real spread seems to be 10p.
Last sell was 455, and the previous buy was 465.
Roll on the results in september :)
Hi all,
As of this morning, im out.
I like Tekmar and i wish you all the best, but im no longer confident on their chances of success.
A company like Tekmars shouldnt be seeing substantially reducing revenue and cratering profit in such a hot sector.
Plus, they have this grand plan for growth over the next few years that they plan to fulfill with free cash flow, except they currently dont have any.
I suspect there is a good chance of share holder dilution by the end of the year, all in persuit of a strategy that may not succeed.
Again, good luck all. If they can turn it around there is the potential of a huge upside, but too much risk for me.
Losses cut (some of my TGP was bought for more than £1)
I think its going to be a painful day.
I can think of many places id stick my money before gold miners :)
Nope, deffo not selling. Ill wait until Tuesday.
Its very wierd how this companies stock has reacted to what feels like a constant stream of contract wins.
I feel bullish but this constant selling is giving me serious doubt.
Like you both, ive got a small amount of money on the side that i will be chucking at tekmar on tuesday if it looks promising.
Very true.
Are you still in, Chris?
Ive never been so apprehensive about a earnings release.
Gla
It was design work.