nk1999
29 Mar 2017
Re: New highs now, broker update I am hoping for some positive noises at the Investor Day tomorrow. This now seems to be in an upgrade cycle. nk
gretel
29 Mar 2017
New highs now, broker update 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 & valuationWe 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."
oldjoe1
28 Mar 2017
Severfield, A Steal at this Price................... <b>BRIEF – Severfield says performance for FY 2017 now expected to be ahead of expectations</b>28-03-2017 March 28 (Reuters) – Severfield PlcGroup's performance for year ending 31 March 2017 now expected to be ahead of expectationsCashflow performance in second half has been similarly strong with net funds at year end also expected to be ahead of expectationsUK business is well-placed to deliver further growth towards our objective of doubling profits by 2020Source text for Eikon: ... Further company coverage: SFR.L([email protected]
gretel
08 Mar 2017
N+1 Singer are keen today 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:"SeverfieldWe 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."
nk1999
24 Jan 2017
Re: Some mishtake surely? Hi LP,Good to hear direct from proverbial horse's mouth.What is your view on the recent positive comments from analysts and Daily Mail etc.? Do you think there is further significant upside here or that the SFR Shares have run their course upwards?Cheers,nk
Lion Plaza
23 Jan 2017
Re: Some mishtake surely? it is the employee share scheme.(i'm in it too)
nk1999
22 Jan 2017
Re: Tipped by Midas in Mail on Sunday Some extracts from this:"..............Severfield is the UK’s largest structural steel group, renowned for its fabrication and on-site construction work. Chief executive Ian Lawson said in June that he intends to double profits by 2020 and most analysts believe he will do so, possibly ahead of time. The company also expects to pay a steadily rising dividend and there is a strong possibility of special one-off payments to investors over the next few years.With all these good intentions in mind, the shares, at 77¾p, look cheap.""........The group returned to the black in 2014, profits were £13.2million in the year to March 2016 and they are expected to rise to £18 million this year and more than £20million in 2018. A dividend of at least 1.7p is forecast for 2017, rising to about 2.2p the year after.""........... Brexit has also been mildly positive for the group so far. It announced a robust order book of £315million at its interims in November, since when orders have continued to come in. Lawson is also looking at contracts in the Eurozone, as a weak pound enables him to offer competitive prices. Conversely, European steel specialists are less likely to bid for work in the UK, given current exchange rates.Severfield has a small Indian business too, a joint venture with a local steel maker. The business has been loss-making to date, as India uses concrete for most of its construction. But the division should move into profit in two to three years.Midas verdict: Severfield is a strong company that is becoming progressively stronger. At 77¾p, the shares should deliver long-term rewards and there is the chance of special dividends, too. Buy."Read more: [link] Follow us: @MailOnline on Twitter | DailyMail on Facebook
gretel
22 Jan 2017
Tipped by Midas in Mail on Sunday Midas have tipped Severfield today, saying that profits could double - should be a good week ahead:[link]
II Editor
18 Jan 2017
NEW ARTICLE: This trader's strategy picks 10 hot stocks "Growth stocks can fly in bullish market conditions, and that's exactly what we've seen over the past year. In that time there's been a rapid re-rating in some of London's small-cap indices. It has been driven in part by spectacular price gains in ..."[link]
serious lnvestor
09 Jan 2017
gt british railway journeys I had recorded "gt british railway journeys with michael portillo. showing a new line fromfleetwood to harwich. when the line went through manchester was a section of track linkingthe two main stations together and included a iconic bridge. i said to myself severfield and if by magic their appeared severfield factory where they showed the assembly of said bridge and bits around the factory. well done severfield. if anyone wants to view they may get it on catchuppossibly. it was on today at 6.30 bbc2 section blackpool to manchester victoria.i hope with brexit around the corner now that the government will be supporting the economyby investing in further infastructure.good luck to us all. s.
nk1999
09 Jan 2017
Re: New highs - and another tip for SFR Thanks for posting Gretel.Seems good days are here for SFR at last.nk
gretel
09 Jan 2017
New highs - and another tip for SFR [link] a fortuneAnd I reckon Tyman's construction counterpart Severfield(LSE: SFR) is on course to deliver solid earnings growth too.Despite concerns over the impact of Brexit on the construction sector, Severfield continues to rack up new business at an impressive rate. Indeed, Severfield's order book clocked in at six-year peaks as of November, at £315m, providing the firm with terrific earnings visibility.And Severfield's presence in India also provides plenty of revenue opportunities. The company's JSW Severfield Structures joint venture secured £29m worth of contracts just last month to build a variety of commercial and industrial structures. And the amount of business is likely to keep rising as the Indian economy booms.The City has pencilled-in a 35% earnings advance at Severfield for the year to March 2017, creating a very-appealing P/E ratio of 15 times. And an anticipated 16% bottom-line charge in fiscal 2018 drives the multiple to a much-improved 12.9 times.Moreover, PEG numbers of 0.4 and 0.8 for 2017 and 2018 highlight its exceptional value relative to its likely growth trajectory."
gretel
05 Jan 2017
Tipped for 2017 by N+1 Singer N+1 Singer have just released their 12 top picks for 2017 - and SFR is one of them (along with IQE, which I also hold).They have a 98p target price, and summarise:"Severfield is the UK market leader in the design, fabrication and construction of structural steel, representing c.14% of total UK capacity. It has a strong management team whose turnaround plan is beginning to bear fruit. We believe that despite the recent jump in the share price, the current rating is undemanding and that the Group has the potential to achieve its FY20 PBT target earlier than expected. The order book provides a good level of revenue visibility and self help measures underpin a significant proportion of the Group’s profit target.Strong net cash (£24.4m in H117) leaves potential for significant cash returns to shareholders. With a market leading position, a solid order book and robust end markets, we believe 2017 will be another positive year for the Group. We maintain our Buy recommendation and 98p TP."
biotech billy
22 Dec 2016
Re: Some mishtake surely? Thanks for enlightening me. As the share purchases were so small you wouldn't have thought that it would be justifiable to have an RNS but I suppose all share purchases by board members have to be reported.BB
nk1999
21 Dec 2016
Re: Some mishtake surely? That will be most likely the monthly purchase of shares under HMRC approved Save As You Earn plan, which have a limit of £150 per month (used to be £ 125 per month earlier).IMHO.nk
