gretel
13 Jan 2017
Two more tips for SOM 
)) Tipped in Shares Magazine this week:Article concludes with..."SHARES SAYS:We tipped this stock a year ago and it has since risen by 68.5%; a superb result. We remain big fans of the company as the stock isn't overly expensive and there is a supportive backdrop amid implications that Trump wants to bring manufacturing back to the US." And by The Naked Trader last night:"I picked up some more Somero (SOM).Already in a nice profit with this one but what a fantastic trading update on Tuesday.Results are ahead of expectations and significantly cash has gone well ahead of expectations. It is also on a real roll which could see the price push on up to the 300p area - a really lovely top up and hold for me. Could be a massive winner in 2017."
gretel
11 Jan 2017
Positive review on T.M.F SOM are positively viewed here FYI:[link] expectationsShares of laser-levelled concrete floor specialist Somero Enterprises (LSE: SOM) rose by 8% this morning after the group advised investors that full-year earnings before interest, tax, depreciation and amortisation (EBITDA) should be “comfortably ahead of current market expectations”.Cash generation has also been strong. Somero’s year-end net cash balance is expected to be “significantly ahead of market expectations”. As a result, Somero has increased its dividend payout ratio from 30% to 40% of earnings, and is considering whether to pay a special dividend in 2017. Somero’s speciality is making the equipment required to produce perfectly flat concrete floors for large warehouses. Modern high racking systems require a level floor, and this is a growth business. The group said trading was “solid” in core markets, with Europe, North America and Australia all contributing to growth. Trading in China — a huge potential market — remained “healthy”.The company’s share price has now risen by an astonishing 2,500% over the last five years. Somero went into the last recession with too much debt, and narrowly avoided disaster. The risk of another cyclical downturn is real, but the group’s management have been much more conservative with financing this time round. Somero has almost no debt, and management plans to maintain a $10m net cash buffer to protect against the costs of a future slowdown.After today’s gains, I estimate that Somero shares trade on a forecast P/E of about 11, with a prospective yield of about 3.1%. If I was lucky enough to hold the shares, I certainly wouldn’t sell."
smilingmickey1
10 Jan 2017
Pennies from heaven! For sterling based investor this stock has been a god send.Not only has the divi been rising in dollar terms but the weakness of sterling is providing a big boost to the sterling return. Now we have an increased payout of 40% of EPS and maybe a special dividend later in the year.The Company has a niche market and offers its customers lower cost flooring with better tolerances than can be achieved by other means. Danger in the future is a copy cat company but Somero has a very strong first mover position from which to defend. I had my fingers burnt in the early days of holding this stock in an ISA where dollar divis were exchanged to sterling at a non advantageous rate, but have since moved most of my investments to a trading account where dollars can be received and held for future needs.
oldjoe1
10 Jan 2017
Re: SOM, Broker Upgrade......... Somero lifts expectations for revenue, EBITDATue 10 January 2017 11:50 | A A AHargreaves Lansdown.(ShareCast News) - Somero updated the market on its trading for the financial year to 31 December on Tuesday, saying that in the six months since its first half update, the company continued to deliver profitable growth and cash generation.The AIM-traded firm said that due to a strong finish to 2016 combined with continued margin improvement, the board now expected to report revenue slightly ahead of current market expectations and to report EBITDA comfortably ahead of current market expectations for the full year.In addition, given the strong cash generation of the business, Somero now expected to report net cash as of 31 December significantly ahead of market expectations."Demand in the second half of 2016 remained robust across our core product range with particularly strong interest in recently launched new products, the large line S-10A and small line S-940 Laser Screed machines," Somero's board said in a statement."Also contributing significantly to growth during the period were sales of large line S-15 Laser Screed machines, STS--11M spreaders, 3-D Profiler Systems, and parts driven by the high utilization of our installed base of equipment by customers."Geographically, second half performance in the company's core markets was said to be solid, with Europe contributing significantly to growth, North America contributing satisfactorily to growth and trading in China remaining healthy.Trading in Latin America and the Middle East improved considerably in the second half of 2016, as expected, with Australia also contributing "solidly" to growth during the period."In Southeast Asia, India, Scandinavia, Korea, and Russia, while trading levels were in line with or down somewhat from the prior year, interest levels in our products remain encouraging in each of these territories and we see considerable growth opportunities going forward."Following record results in 2016, the board said it remained confident in the company's ability to deliver another year of profitable growth in 2017 based on healthy market conditions in its core markets, and encouraging growth opportunities in our other territories."The board's confidence is further supported by encouraging pro-growth corporate tax reform and fiscal policy proposals in the United States."In recognition of Somero's financial strength, strong cash generation, and our confidence in the 2017 outlook, the board is pleased to announce that it has approved an increase to the company dividend payout ratio to 40% of adjusted net income."Somero confirmed that increase was from the previous 30% payout ratio in effect for 2015.It said the change would become effective with the final 2016 dividend to be announced with Somero's final results for the year ending 31 December 2016, which were scheduled to be released on 15 March 2017."In addition, the strong cash generation of the business has built up cash reserves in excess of the board's targeted net cash level of US$ 10.0m."The board plans to review its cash position alongside cash requirements for current business needs and future investment during the first half of 2017."The board will then assess the level of excess cash that may be subject to distribution back to shareholders through a special dividend later in 2017."
oldjoe1
10 Jan 2017
Re: SOM, Broker Upgrade......... Investoirs Chronicle. Whether or not Donald Trump ultimately proves to be a boon for US infrastructure, trading is already looking very strong Florida-headquartered concrete levelling equipment specialist Somero Enterprises (SOM). This morning, shares in the Aim-listed company jumped 8 per cent after a trading update suggested full-year net cash, cash profits and revenues would all be ahead of expectations. The chief contributors to growth in the latter half of 2016 were the European division, and China, while domestic growth was described as “satisfactory”. Our successful buy call is under review.
oldjoe1
10 Jan 2017
SOM, Broker Upgrade......... SOM Somero.....Finncap upgrade Increase price target from 205 to 254At 254 p/e of 12 for 2017F/c sales for 2017 are upped to $83.6m2017 Eps upped to 26.1c or 21.5p2017 yield f/c 4.2%
oldjoe1
10 Jan 2017
SOM, Chart Breakout......... SOM Somero breakout. Special divi to be paid aswell. Expect broker upgrades over next 48 hours.[link]
oldjoe1
10 Jan 2017
Re: SOM, Exceptional Update...... SOM....on the verge of breaking out.........[link]
oldjoe1
10 Jan 2017
Re: SOM, Exceptional Update...... REG – Somero Enterprises – Trading Update10-01-2017 070For best results when printing this announcement, please click on the linkbelow:[link] Number : 7327TSomero Enterprises Inc.10 January 2017 10 January 2017 Somero Enterprises, Inc. ("Somero" or the "Company"
Trading Update Somero is pleased to provide the following update on trading for the financialyear ended 31 December 2016. In the six months since 30 June 2016, the Company continued to deliverprofitable growth and cash generation. Due to a strong finish to 2016combined with continued margin improvement, the Board is pleased to announcethe Company expects to report revenue slightly ahead of current marketexpectations and to report EBITDA comfortably ahead of current marketexpectations for the full year. In addition, given the strong cash generationof the business, the Company expects to report net cash as of 31 December 2016that is significantly ahead of market expectations. Demand in the second half of 2016 remained robust across our core productrange with particularly strong interest in recently launched new products, thelarge line S-10A and small line S-940 Laser Screed machines. Alsocontributing significantly to growth during the period were sales of largeline S-15 Laser Screed machines, STS--11M spreaders, 3-D Profiler Systems, andparts driven by the high utilization of our installed base of equipment bycustomers. Geographically, second half performance in our core markets was solid withEurope contributing significantly to growth, North America contributingsatisfactorily to growth and trading in China remaining healthy. Also, asexpected, trading in Latin America and the Middle East improved considerablyin the second half of 2016, with Australia also contributing solidly to growthduring the period. In Southeast Asia, India, Scandinavia, Korea, and Russia,while trading levels were in line with or down somewhat from the prior year,interest levels in our products remain encouraging in each of theseterritories and we see considerable growth opportunities going forward. Following record results in 2016, the Board is confident in the Company'sability to deliver another year of profitable growth in 2017 based on healthymarket conditions in our core markets and encouraging growth opportunities inour other territories. The Board's confidence is further supported byencouraging pro-growth corporate tax reform and fiscal policy proposals in theUnited States. In recognition of Somero's financial strength, strong cashgeneration, and our confidence in the 2017 outlook, the Board is pleased toannounce that it has approved an increase to the Company dividend payout ratioto 40% of adjusted net income. This is an increase from the previous 30%payout ratio in effect for 2015. The change becomes effective with the final2016 dividend to be announced with Somero's final results for the year ending31 December 2016 which is scheduled to be released on 15 March 2017. In addition, the strong cash generation of the business has built up cashreserves in excess of the Board's targeted net cash level of US$ 10.0m. TheBoard plans to review its cash position alongside cash requirements forcurrent business needs and future investment during the first half of 2017.The Board will then assess the level of excess cash that may be subject todistribution back to shareholders through a special dividend later in 2017. The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. Enquiries:
oldjoe1
10 Jan 2017
SOM, Exceptional Update...... SOM Somero Enterprises,(featured here a few weeks back) CRACKING update.'EBITDA comfortably ahead of current market expectations for the full year'. AND A LOT MORE CHECK IT OUT.<a href='[link] target='window'>[link]
gretel
10 Jan 2017
Trading "ahead of expectations" )) Marvellous stuff )) As usual...- "EBITDA comfortably ahead of current market expectations"- cash pile "significantly ahead of market expectations"- possible special dividend- big hike in the annual dividend- very strong outlook for 2017- higher margins- healthy trading in ChinaThis warrants a good uplift today.
smilingmickey1
03 Jan 2017
Trading update due Last year we had a Trading update on 7th January prior to publishing the results in early March.Maybe we can anticipate similar timing this year?
gretel
03 Jan 2017
River & Mercantile increasing stake RNS - good to see River & Mercantile buying and increasing their stake to over 5% with 2.84m shares:[link]
gretel
28 Nov 2016
Tipped on T.M.F [link] this Trump-friendly stock flatten the competition in 2017? The Motley Fool Nov 25, 2016With a market cap of only £128m, it's not surprising if many investors haven't heard of Somero Enterprises(LSE: SOM). But thanks to Donald Trump's US election win and his commitment to boosting infrastructure, I think this company could be receiving a lot more attention over the coming months and years. Let me explain why.Amazing returnsOn initial inspection, Somero hardly sets the pulse racing. It manufactures laser-guided equipment used for spreading and levelling volumes of concrete for commercial flooring and other horizontal surfaces. So far, so dull. Nevertheless, a quick look at the company's share price performance over the past few years should make a lot of investors sit up and take notice. Back in 2011, Somero's shares could be picked up for just 10p. Today, thanks to sizeable increases in revenue, net profits multiplying from $1m to $12m since 2012 and a notable jump since Trump's victory, the very same shares are priced at just over 226p each. Think about that. If you'd had the foresight (or fortune) to invest £1,000 in the company a few years ago, you'd now be looking at a pot of more than £22,000. That's quite a return. But there are other attractions to Somero besides its rocketing share price. Returns on capital and operating margins have exploded over the past few years. Although not a share most would choose to invest in for income, the dividend has also been rising by double figures and an easily-covered payout of just over 3% is expected for 2017. The company has $12m in cash on its books and no net debt. Any other positives? You bet. On a forward price-to-earnings (P/E) of just below 11 for 2017, Somero's shares still look cheap to me. As a company - albeit a cyclical one - I think Somero has a lot to offer investors. But how does it compare to other companies involved in infrastructure, such as £1.35bn cap property, residential, construction and services company Kier Group(LSE: KIE)? Brexit-related risk On a forecast P/E of 13, shares in Kier look reasonably priced. There's a chunky dividend yield of 4.8% to keep income investors interested and net profits look set to be substantially higher over the next two years (£105m and £117m in 2017 and 2018 respectively). At face value, Kier looks a pretty inviting investment. Unfortunately, there's one big elephant in the room that I think could make the Sandy-based company's shares substantially more volatile than those of Somero Enterprises. Yes, you've guessed it: Brexit. In times of economic uncertainty, large infrastructure projects can be shelved or delayed, ultimately hurting Kier's bottom line. Given that the majority of its revenue comes from the US, Somero isn't quite as exposed to the consequences of our EU departure. Indeed, in its last set of results in September, CEO Jack Conney made reference to the latter's strong performance in its North American, European and Chinese markets. It's this geographical diversification that, in my opinion, will see Somero outperform stocks like Kier for the foreseeable future. So long as you're willing to take on extra risk for the possibility of higher returns, I think Somero Enterprises warrants serious attention. I fully expect to see the company featuring on many watchlists before too long."
gretel
25 Nov 2016
Tipped in Shares Magazine Nice plug for SOM this week:"Will Lough, assistant manager on the River and Mercantile UK Long-Term Recovery GB00B614J053) fund and director of research, makes a similar case for Somero (SOM:AIM). The group specialises in the automatic levelling of concrete and has a significant business in the US. As such, it should be a beneficiary of any infrastructure boom as governments increasingly prioritise fiscal spending over monetary policy to boost their economies.He adds: 'The group also sells a lot to groups building up warehouses, such as Amazon (AMZN:NDQ), who need their concrete completely flat to ensure that machinery can manoeuvre properly. Somero can benefit from growth in that market as well.'"
