biotech billy
21 Dec 2016
Some mishtake surely? The recent RNS's on the buying of shares in the company by the CEO and a director of 168 shares each: that amounts to £125 for each purchase! Some mishtake surely?BB
gretel
14 Dec 2016
RNS - new Indian contracts won Looks like India is picking up a head of steam now:[link] SECURES £29 MILLION WORTH OF CONTRACTS IN INDIA Severfield plc, the market leading structural steel group, announces that JSW Severfield Structures Ltd (JSSL), its 50:50 joint venture in India with JSW Steel Ltd, has recently been awarded a number of geographically diverse projects across India with a total value of £29 million (245 crores). Contract highlights· two high rise towers for a commercial complex in Kerala;· a large parking facility in Karnataka;· two industrial projects in Maharashtra and;· a technology building near DelhiThe contracts were awarded due to JSSL's full design, fabrication and site erection capability, and its reputation for consistently delivering high quality products and services within differentiated programme times. Ian Lawson, Chief Executive Officer, Severfield plc, commented: "JSW Severfield Structures Ltd, our Indian joint venture, continues to perform steadily and develop a strong pipeline of work from new clients. These contracts are reflective of our ability to provide clients with world class engineering and bespoke design services."
gretel
07 Dec 2016
New research note out today Edison have released a new and very positive note. They've increased their forecasts....looks pretty cheap imho, and when you strip out the cash pile it's even cheaper:[link] (SFR's) H117 results were well ahead of the previous year; margin performance and order book development cause us to raise our FY17 profit expectations. This combination has also proved to be a catalyst for share price outperformance following the results. Revenue growth and further margin development towards management's stated aim of doubling FY16 PBT by 2020 can sustain further progress."
gretel
24 Nov 2016
RNS : Hargreave Hale buying more and up above 5% with 15.2m shares:[link]
gretel
23 Nov 2016
Buy tip from the IC The IC are definitive - Buy:[link] group's order book stood at £315m at the beginning of November, representing a six-year high, and a 17 per cent increase in just five months. Major contract wins in the first half include a tower project at 22 Bishopsgate, London and the Graphene Innovation Centre in Manchester. The backlog is expected to feed through into increased production volumes and revenues in the second half. Jefferies has upgraded its forecasts for March 2017 full-year profits and EPS to £17.9m and 5p, respectively, rising to £20.8m and 5.7p in 2018 (from £13.2m and 3.7p in 2016).""IC VIEW:The group is set fair to achieve its target of doubling its underlying profit before tax over the next four years. Strip out net cash, equivalent to 8.2p a share, and Severfield trades at just 11 times FY2018 earnings - get your wallet out. Buy."
gretel
23 Nov 2016
Re: Excellent H1, results to be Brief analyst comment FYI:[link] executive Ian Lawson (pictured), who was brought in to turn around the loss-making business by chairman John Dodds in November 2013 after leaving Kier earlier that year, said he expected profit for the full year to be ahead of expectations.Cenkos analyst Kevin Cammack said: "These are cracking interims featuring stand-out margin growth from 4.3% to 7%." He added that he expected full year profits to be around £18m, up from his previous estimate of £16.5m.Lawson added: "We have a strong platform from which to implement our strategy, which targets to double our underlying profit before tax over the next four years and continue to create value for our shareholders." The firm increased its dividend by 40% to 0.7 pence."
pearlsasinger
22 Nov 2016
Re: Excellent H1, results to be All very positive.But hardly a surprise-for people who read these pages.!And bother to read the company,s RNS.I am curious as to why the ,larger'players came on board so late-reflecting today's 10% plus rise in S.P.
gretel
22 Nov 2016
Excellent H1, results to be "ahead" H1 results are terrific, and most importantly full year results will be "comfortably ahead of expectations".Lots to go for given order books etc. SFR was always rated at a premium in the past - if it returns to those valuations then we could see 100p+ over the coming months:[link] "I am delighted with our strong performance in the first half, which has continued since the period end. Margins are significantly up, our order book has continued to rise to a six year high whilst our pipeline remains steady. In combination with the strong cash generation in the first half, this has given us the confidence to increase the interim dividend by 40% and we expect profit growth for the full year to be comfortably ahead of expectations."
tradingup
17 Nov 2016
HOPE SPRINGS ETERNAL! After years of watching these long with others, it really does look as though they have turnedthe corner, and there is some life in the sp. along with recent contract wins.I notice they've spruced up the website, with some interesting photos of the sites, and forwardprogress seems to have occurred since they brought in a new CEO to replace the one whowas responsible for the disastrous Leadenhall contract, lets hope SFR's upward swing chimeswith renewed national confidence arising from BREXIT!!
gretel
14 Nov 2016
New tip for SFR [link] "An impressive recovery Looking at other engineering firms, I see shares in structural steel supplier Severfield (LSE: SFR) have also been through some ups and downs of late, though a rally since early July has seen them recover to a loss of 4% over 12 months but over five years we're looking at a 39% fall.Earnings have, however, grown nicely over the past couple of years, and there are double-digit EPS rises on the cards for this year and next. That would give us a forward P/E of 13 for the year to March 2017, dropping to 10.5 on 2018 forecasts — and suggests PEG ratios of 0.5 for the next two years, where around 0.7 or lower is generally considered a good growth indicator. On top of that, the firm's dividends, which were curtailed in 2014, have already been reinstated and are set to show some nicely progressive gains after yielding 2.7% this year, analysts are expecting increases of 23% and then 22% which would take the yield up to 3.7% by March 2018. In its AGM trading update in September, Severfield told us that its UK order book stood at £268m as at 31 August and had "remained at a very strong level in the period following the EU referendum result", adding that "Our pipeline of potential future orders has also remained stable with a good balance of work across all key market sectors".In addition, an order book of £37m in India apparently "continues to generate an encouraging level of new opportunities amid signs that economic optimism in the country is beginning to increase".First-half results should be with us on 22 November, and I’ll be looking for more signs of an impressive recovery."
gretel
03 Nov 2016
RNS : big contract win Great to see the high profile 22 Bishopsgate win, as well as a number of others totalling £72m:[link] UK order book was already at around "its highest position for over six years" at £268m, so this should take it to even higher levels.
gretel
28 Sep 2016
Canaccord have 80p target Canaccord have a Buy and an 80p target here:[link]
gretel
06 Sep 2016
Excellent AGM statement today Looks really solid, with the order book increasing slightly overall to £305m. H1 results are coming on 22 November:[link] its strong order book, continuing profit improvement programme and our ability to work across a wide range of market sectors, including infrastructure, the UK business is well placed to continue to meet expectations. The Indian business continues to perform steadily and is well placed to benefit from any improvement in the Indian economy. Overall, the Group is on track to progress as expected over the remainder of the financial year."
Alan Tittymarsh
26 Jul 2016
Re: RNS : hefty director buying No, I haven't. I loosely watcjed them plummet all the way down where at one stage it seemed they totallt lost the plot and were doomed. But it looks like rhey've survived the worst. Feel there's a fair bit of upside to come from here.
nk1999
26 Jul 2016
Re: RNS : hefty director buying Alan,"It's hard to believe these used to be around 250p when I last sold some years ago"Have you adjusted for the big deeply discounted rights issue since then? nk
