claude reins
15 May 2018
Re: New all-time highs now True, true, Gretel. Donald is certainly not bad for building USA.
gretel
15 May 2018
New all-time highs now Great to see new highs here - the AGM statement is less than a month away now.
gretel
20 Apr 2018
The IC say Buy today The IC have just today published their annual review of the AIM 100, their guide to the junior market.SOM are a Buy:[link] Somero EnterprisesHigh-tech concrete levelling might not sound like the most fascinating specialism, but Somero Enterprises (SOM) is proving just how lucrative this industry can be. Last year’s performance took Somero ever closer to its $90m sales target for 2018. And the company now targets a net cash balance of at least $15m, with plans to distribute 50 per cent of excess cash as a special dividend.Where could future growth lie? Europe has enjoyed excellent revenue momentum, and the equipment fleet here may be due for technological upgrades, possibly engendering new opportunities. Meanwhile, bosses have identified a serious addressable market in China and also plan to focus on wider international expansion, along with new product development.At 395p, Somero trades on a multiple of 15 times broker FinnCap’s forecast adjusted EPS for 2018. More demanding than when we tipped the company (279p, 28 Dec 2017), but supported by compound annual revenue growth of 17 per cent from 2013 to 2017, and the attractive prospect of supplementary dividends. Buy."
gretel
16 Apr 2018
SOM bought by Proactive portfolio SOM have been purchased (again) by the AIM sustainable dividends portfolio:http ://www.proactiveinvestors.co.uk/columns/stockpot/29584/the-aim-sustainable-dividends-portfolio-gets-the-kettle-on-29584.html
gretel
11 Apr 2018
Rsing strongly - American buying? Up again in the afternoon yesterday for a second day in a row - that's a 27.5p rise in 2 days.Interesting to see if it happens again this afternoon, which would strongly suggest American buying.
gretel
05 Apr 2018
SOM set a world record.... SOM set a record for the world's levellest floors 
))[link] EnterprisesApril 4, 2018"The Industry's Best! Proof - for 2017 the S-22 won 3 Golden Trowel Awards and set a world record for the levelest floors in the world! Also industry leading production rates, unsurpassed power, features, and maneuverability.New for 2018: EZ Clean Head, compartment layout, convenience items, improved ergonomics. With so many exclusives, the S-22EZ options platform allows you to build the machine the way you want
claude reins
03 Apr 2018
Re: Video: FY results pres & Q&A I guess there is some nervousness about trade wars - Dow down yesterday as China announces tariff tit for tats. Done expect that SOM will grow much in China next year but you never know. On thee other hand growth elsewhere especially in the US should balance that.
gretel
03 Apr 2018
Re: Video: FY results pres & Q&A An excellent presentation, well worth listening to.The section about the new high rise product from 11 minutes in particular is very exciting, especially as they're expecting decent sales from as early as Q4 of this year.This year's January selling trade show in the USA was their "best show in 10 years" with attendances up, customers "really busy", "work going into next year" etc. In Europe customers are "getting busier" - "all across Europe".
piw
03 Apr 2018
Video: FY results pres & Q&A Results presentation for year end 31st December 2017 by CEO Jack Cooney, EVP Sales Howard Hohman, CFO John Yuncza.Followed by a lengthy Q&A.[link] 45 minsJack Cooney, CEOIntroduction – 00:17Howard Hohman, EVP Sales2017 highlights – 1:24Sales by territory – 2:38Sales by product – 3:38John Yuncza, CFOFinancial highlights – 4:16Operating results - 6:17Balance sheet – 8:17Cash flows - 8:40Dividend policy – 93US tax law changes - 9:47Jack Cooney, CEOCurrent trading & outlook - 10:21Q&A – 11:24Discussion about the new vertical screeding product – 11:30Dividend – 23:32Marketing and development spend - 24:56Chinese market - 26:20India - 30:10Share options - 32:35Forward visibility - 33:15Cyclical nature of construction industry - 34:39Cash/debt position - 37:17Weather & new tax rate - 38:32Manufacturing flexibility - 39:25Regional operation - 41:22H2 weighting - 42:37Outlook for 2018- 44:45Europe - 46:10
gretel
23 Mar 2018
Terrific investor meeting reports elsewhere from Glaws2 and rhomboid, which I hope they won't mind me posting here. The new high rise machine sounds very exciting. I love SOM's caution and work in ensuring that the demand is out there.Firstly from Glaws2:"I went to a management presentation yesterday - some feedback from that :• Tax rate reduced to 28% for year (from 33%)will reduce to 21% going forward• Main US trade (selling) show (World of Concrete in Las Vegas in Jan) busiest they have encountered in a decade. All customer feedback from both US and Europe is that the market is very strong and continues from the 2017 H2 strength.• See signs of growth in Middle East, Latin America and ROW• India a particular growth area – sales grew from $100k in 2016 to $745k in 2017; now have 3 people in country. Generally small scale projects, lack of infrastructure means large warehouses can’t be supported.• China expected to grow (up until now demand has been generated by multi-nationals demanding quality in the country) – are increasingly hopeful that local operatives will now buy. My gut feel – don’t see that there will be much growth here) Have been developing a machine to screed in Structural High Rise sector. Concept developed after meeting with concrete contractors identified need. This opporutinty has• New market for Somero• Different customer base• No competiton• Have not been able to quantify the market – only establish a need• Prototypes developed – been working on this for 12 months now• Expected to go into production in Q4 2019 with first revenues in 2020. In summary - management were very bullish."And from rhomboid:"I attended the same presentation but your summary is better than mine would have been , some additional points 1) they mentioned U.K. was growing strongly, one customer Stanford flooring had just ordered $1.2m of equipment.. this is them;[link] I was intrigued to see how credit worthy these customers were so pulled the accounts and was amazed to see they have c 40 staff but make over £5m a year profit which is v reassuring in the context of Somero enjoying v high margins, it seems everyone at the top end of the concrete flooring market may be doing the same! Secondly on the new high rise product I asked could it be Somero2 ie a similar size market to the one Somero addressed with their current products back in the day. Howard as the main sales guy was nodding his head vigorously..before Jack could utter slightly more cautious but still bullish statements.. Thirdly to ensure the new product was what the market wanted they got a panel together of some industry experts over 2 days, that feedback is informing the product design, they may need some modest bought in additional engineering expertise to get it to market, they’ve already had prototypes out at work. In terms of the market size my take is they didn’t see the need to scope it accurately as they were in no doubt it was big enough to get excited about. Fourthly , they have a v flexible make to order assembly operation and they’ve never been unable to deliver in a timely fashion, because they’ve high margins they’re happy to keep inventory high to facilitate this. Finally all their products (inc the new high rise) are expected to deliver similar margins. I came away v happy with my (sizeable) holding."
gretel
22 Mar 2018
Shares Magazine says Buy Tipped as a Buy in today's Shares Magazine:"SHARES IN CONCRETE levelling specialist Somero Enterprises (SOM:AIM) hit an all-time high of 379p following the publication of its full year results on 14 March.The 2017 numbers were very impressive with pre-tax profit up 21% to $25.7m, a 40% increase in the ordinary dividend, the declaration of a special dividend and the continuation of a debt-free balance sheet.The company tells Shares that the performance was down to the sales team capturing business opportunities, good execution and positive market conditions.As well as winning new business, existing customers are either buying more equipment from Somero to expand their fleet or upgrading old kit with new technology ¡V the latter particularly the case in Europe. Approximately 15% of revenue comes from sales of spare parts and components.Product development continues to be very important. For example, it is looking to engineer solutions to place concentrate on multiple stories of high-rise properties.SHARES SAYS: „¹This is a well-run business generating significant value for shareholders. China is the only weak part of Somero where operations have been below the board¡¦s expectations. It continues to believe there is a bigger opportunity in this part of Asia. We remain fans of the business and still rate the shares as a ¡¥buy¡¦ despite recent share price strength."
Hardboy
21 Mar 2018
Re: New highs now On a day when everything is dropping it's nice to see this bit of blue in my portfolio.Word obviously got around that I'd been buying more!!
Hardboy
21 Mar 2018
Re: New highs now "aided by a late £6k buy at 390p"Not guilty. I spent a bit less but bought at a lower price : )At least it is in time to get the special dividend.
gretel
20 Mar 2018
New highs now New highs tonight, with a nice close aided by a late £6k buy at 390p. Hopefully the start of a further re-rating.Good timing Hardboy ))
Hardboy
20 Mar 2018
Bought a few more This morning. I've invested a bit more than I usually do in an AIM share, so let's hope there are no dodgy dealers at work.
