gretel
20 Mar 2017
Special dividend I notice that in their latest note, Finncap say: - net cash should increase to nearly $26m by this year end - they suggest a special dividend of say $10m, equating to almost 15p per share - together with the core dividend this would give a total dividend yield of over 9% - SOM's rating is still significantly lower than their US (and also UK) peersThe latter point indicates that SOM may become a takeover target, especially imo given the age of the CEO.SOM has also been re-tipped by Simon Thompson of the IC today online apparently - he's increased his price target in line with Finncap to 325p.
oldjoe1
16 Mar 2017
Good write up for SOMERO......... May be of some interest to others.[link]
gretel
16 Mar 2017
New tip for SOM SOM have just been tipped here:[link] sharesShares in Somero Enterprises(LSE: SOM) have climbed by 150% over the past two years, but even at 281p I'd say they still look good value.Full-year results reported on Wednesday showed a 22% rise in pre-tax profit and a 23% rise in adjusted net income per share. Net cash soared by 60% and the company was able to to hike its dividend by 61% to 11.1 cents per share. CEO Jack Cooney spoke of "record revenues, profits, and cash flow" and "the strongest balance sheet in our history". And speaking of the firm's prospects for 2017 he enthused "We are financially stronger than ever, have the broadest product portfolio in our history and have made significant investments to increase our global reach". Sounds great, but what does the company do? It produces laser-guided equipment for laying and levelling flooring, and offers products that include laser screed machines, concrete hose line-pulling and placing systems, ride-on screed products... No, I don't know what they are either, but sales are growing strongly in North America, Europe, Australia and China.On a fundamentals front, Somero shares are on forward P/E multiples for this year and next of around 11, with no real EPS growth forecast for the two years overall. But in the light of these results and the firm's upbeat outlook, I can see those being re-rated upwards in the coming months. As a result, I think Somero shares are good value."
claude reins
15 Mar 2017
Takeover opportunity for a bigger business? Just a thought. Someone like Ashtead?
oldjoe1
15 Mar 2017
Re: Finncap raise price target to 325p <b>Somero Enterprises, Inc. 21% Potential Upside Indicated by finnCapPosted by: Amilia Stone 15th March 2017</b>Somero Enterprises, Inc. with EPIC/TICKER LON:SOM had its stock rating noted as ‘Retains’ with the recommendation being set at ‘CORPORATE’ this morning by analysts at finnCap. Somero Enterprises, Inc. are listed in the Industrials sector within AIM. finnCap have set their target price at 325 GBX on its stock. This now indicates the analyst believes there is a possible upside of 21% from today’s opening price of 268.5 GBX. Over the last 30 and 90 trading days the company share price has increased 15.75 points and increased 40.51 points respectively. Somero Enterprises, Inc. LON:SOM has a 50 day moving average of 254.93 GBX and a 200 Day Moving Average share price is recorded at 201.37 GBX. The 1 year high share price is 285 GBX while the 52 week low is 140 GBX. There are currently 56,042,429 shares in issue with the average daily volume traded being 121,204. Market capitalisation for LON:SOM is £158,560,840 GBP. Somero Enterprises, Inc. is a manufacturer of laser-guided equipment. The Company’s equipment automates the process of spreading and leveling volumes of concrete for commercial flooring and other horizontal surfaces, such as paved parking lots in North America. The Company’s products include S-22E, S-15R, S-15M, STS-11M, S-840, S-485, CopperHead XD 3.0, Mini Screed C, PowerRake 3.0, 3-D Profiler and SiteShape.
oldjoe1
15 Mar 2017
Re: Finncap raise price target to 325p Market & Company NewsBroker Forecast - finnCap issues a broker note on Somero Enterprises Inc15 March 2017, 09:50Source - SMWfinnCap today reaffirms its corporate investment rating on Somero Enterprises Inc (LON:SOM) and raised its price target to 325p (from 254p).
gretel
15 Mar 2017
Finncap raise price target to 325p from 254p - good to see:[link]
smilingmickey1
15 Mar 2017
Says it all! "As good a year as 2016 was, we are even more excited about the opportunities that lie ahead."
oldjoe1
15 Mar 2017
Re: SOMERO, RECORD RESULTS............. I2 MASSIVE......"And then they mention proposals of US infrastructure spending which reinforces confidence".
oldjoe1
15 Mar 2017
Re: SOMERO, RECORD RESULTS............. SOM Somero 325p Target...............Somero Enterprises Inc SOM finn Cap Corporate267.50 264.50 254.00 325.00Retains
bboy
15 Mar 2017
Re: SOMERO, RECORD RESULTS............. Excellent results and a special dividend to be paid later in 2017
Hardboy
15 Mar 2017
Re: SOMERO, RECORD RESULTS............. Wow - you guys were up even earlier than me. Great results: nothing more to add above what has already been said, except the strong buy recommendation does depend slightly on the market open. The share price could get ahead of itself.
oldjoe1
15 Mar 2017
Re: SOMERO, RECORD RESULTS............. <b><u>DIRECTOR TALK</u></b>Jack Cooney, CEO of Somero, said:<b><i>"2016 was an excellent year for Somero. We achieved record revenues, profits, and cash flow and ended the year with the strongest balance sheet in our history. This was the third year of our five-year plan to become as US$90m revenue business, and I'm delighted to report we are already 75% of the way there with two years to go. However, what makes me most proud, is that we were able to achieve these results because we never lost sight of our mission to help our customers build successful, profitable businesses. Our employees have built an exceptional organization that earns the loyalty of our customer base day in and day out. It is this dedication that fills me with tremendous pride.I am excited at the opportunities that lie ahead for Somero in 2017. We are financially stronger than ever, have the broadest product portfolio in our history and have made significant investments to increase our global reach. We believe we are well positioned to capture growth in our core North American, European and Chinese markets, extend our global footprint, and continue to grow revenues from new products. Most importantly, we believe we are well-positioned to continue to deliver strong results and dividends for our shareholders and create shareholder value in the future."</i></b>
oldjoe1
15 Mar 2017
Re: SOMERO, RECORD RESULTS............. FLASH: Somero lifts FY pretax profit, dividend15 March 2017 | 7
7 AM
oldjoe1
15 Mar 2017
SOMERO, RECORD RESULTS............. SOM Somero.........Fantastic results, records broken on all headings. The Outlook statement is very bullish. <b><u>Current Trading and Outlook</b></u>The solid momentum in North America at the end of 2016 has carried over into 2017 driven by demand for replacement equipment, technology upgrades, and interest in new products. We remain encouraged by the solid level of non-residential construction activity in the US, a view that is supported by reports from our customers of lengthy project backlogs that extend well into 2017. Proposals for US corporate tax reform and fiscal policy programs to invest in US infrastructure are additional factors reinforcing our confidence in North American growth prospects. In Europe, the 2016 acceleration of recovery from the recessionary low point in 2011 is expected to carry forward into 2017, driven by demand for replacement equipment, technology upgrades, and interest in new products, much like we see in the US which is encouraging for the future. In China, the interest level in our products remains healthy and we are excited by the growth opportunity in front of us. In particular, we see solid interest in our S-158 entry level product, which opens up the productivity oriented market segment to us that we expect to help us grow our customer base and offer future up-sell opportunities. We also continue to see traction with our market development efforts to promote wide-placement methods and flatness, levelness standards. These factors, along with our very low market penetration in China, point to solid growth prospects for 2017 and beyond. In Latin America, we are expecting stable performance from Mexico and Chile, and we have begun to see modestly increased activity in Brazil, and are optimistic for a satisfactory contribution to growth from the other countries in the region. In our other markets, including the Middle East, Australia, India, Scandinavia, Korea, and Southeast Asia, we expect to see significant opportunities in 2017 and are encouraged by the market climate across this broad territory. The Board believes the Company is well-positioned to capitalize on the many opportunities we see across our portfolio of markets and products and we remain confident Somero is poised to deliver another year of profitable growth to our shareholders in 2017.[link]
