Severfield Share Discussion Threads

[la forge] 26/4/2024 07:17

1 EUR = 0.9793 CHF


The live Euro to Swiss Franc exchange rate (EUR CHF) as of 26 Apr 2024 at 7:16 AM.

[gibbs1] 25/4/2024 20:51

SNB returns to quarterly profit thanks to Swiss franc weakness


The Swiss National Bank (SNB) returned to a quarterly profit because of the weakness of the Swiss franc, potentially helping officials to rebuild the central bank’s depleted capital base.

This content was published on April 25, 2024 - 09:39

Bloomberg

The Zurich-based institution notched up a gain of CHF58.8 billion ($64 billion) in the first quarter, according to a statement on Thursday. That’s the strongest start to the year on record.

The largest part of its profit – CHF52.4 billion – was generated from the SNB’s large assets held in foreign currencies. Its gold holdings saw a valuation gain of CHF8.9 billion. Swiss franc positions yielded a loss of CHF2.4 billion, mainly because it had to pay interest on deposits of commercial banks.


SNB Vice President Martin Schlegel – the frontrunner to succeed Thomas Jordan at the institution’s helm – said this month that officials must prioritise rebuilding capital over delivering dividends.

The central bank cancelled its annual payout to Switzerland’s government and cantons for two years in a row after a record loss in 2022 emptied its payout reserve. A strong franc tends to hurt its bottom line, while its large size balance sheet amplifies profits as well as losses.


Economists at UBS had predicted a profit in a range of CHF50-60 billion, fuelled by the franc’s decline and the performance of SNB’s stock and gold holdings. Such a result would significantly exceed the last quarterly record of CHF39 billion, they said.

The earnings will be a likely topic at the central bank’s annual shareholder meeting on Friday in Bern.

The SNB started last year with a profit too before swinging to a loss. What the institution earns from its operations doesn’t influence monetary policy.

“Building up the SNB’s capital must have priority over profit distributions,”; Schlegel said on April 9. “Our mandate is to ensure price stability, not to generate profits.”

The SNB’s second-quarter results are due on July 31.

the SWI swissinfo.ch newsletter.

[ariane] 25/4/2024 20:27

1 EUR = 0.9789 CHF


The live Euro to Swiss Franc exchange rate (EUR CHF) as of 25 Apr 2024 at 8:26 PM.

[grupo] 24/4/2024 12:54

1 EUR = 0.9776 CHF


The live Euro to Swiss Franc exchange rate (EUR CHF) as of 24 Apr 2024 at 12:52 PM.

[gibbs1] 22/4/2024 07:44

1 EUR = 0.9722 CHF



The live Euro to Swiss Franc exchange rate (EUR CHF) as of 22 Apr 2024 at 7:44 AM.

[the grumpy old men] 20/4/2024 09:33

1 EUR = 0.9708 CHF


The live Euro to Swiss Franc exchange rate (EUR CHF) as of 20 Apr 2024 at 9:31 AM.

[maywillow] 19/4/2024 19:47

1 EUR = 0.9693 CHF


The live Euro to Swiss Franc exchange rate (EUR CHF) as of 19 Apr 2024 at 7:46 PM.

[waldron] 19/4/2024 08:55

1 EUR = 0.9671 CHF


The live Euro to Swiss Franc exchange rate (EUR CHF) as of 19 Apr 2024 at 8:54 AM.

[the grumpy old men] 18/4/2024 10:09

1 EUR = 0.9703 CHF

The live Euro to Swiss Franc exchange rate (EUR CHF) as of 18 Apr 2024 at 10:08 AM.

[trustman] 17/4/2024 14:48

This stock could rerate further listing on the AIM market but suspect the company would think that a backward move.

[diesel] 17/4/2024 13:55

Comfortable results, this company may not set the market on fire but they are solid and making the right strategic decisions and a yield of 7% is almost enough of an attraction. The share buyback is a bit of a surprise and the effect on EPS will also be picked up by inst investors. I agree todays performance might retrace but I stand by my prediction that 60p will be the support level.

[bend1pa] 17/4/2024 13:22

It may be value, but unfortunately the market seems to have a perpetual downer on this stock, as it does on many other small caps over the last few years. They'll be a brief surge on the stock, maybe to the lower 70s, then slowly all the way down again.

[peddlers] 17/4/2024 09:12

Excellent news !

[trustman] 17/4/2024 08:50

Good call Diesel; this stock is value!

[sausage7] 17/4/2024 07:44

Encouraging announcement this morning. The share buyback is a welcome surprise.

[diesel] 15/4/2024 10:27

Well know how they’re performing on Wed.

[misca2] 13/4/2024 08:40

1 EUR = 0.9744 CHF



The live Euro to Swiss Franc exchange rate (EUR CHF) as of 13 Apr 2024 at 8:37 AM.

[sarkasm] 12/4/2024 20:59

1 EUR = 0.9723 CHF


The live Euro to Swiss Franc exchange rate (EUR CHF) as of 12 Apr 2024 at 8:58 PM.

[waldron] 12/4/2024 09:11

1 EUR = 0.9749 CHF


The live Euro to Swiss Franc exchange rate (EUR CHF) as of 12 Apr 2024 at 9:09 AM.

[adrian j boris] 11/4/2024 08:10

1 EUR = 0.9811 CHF

The live Euro to Swiss Franc exchange rate (EUR CHF) as of 11 Apr 2024 at 8:07 AM.

[gswredland] 10/4/2024 15:22

Ok thanks for your input

[diesel] 10/4/2024 14:26

GSW….maybe called it a bit early, but expecting it to return to old trading range 60-65p, order book looked strong at last results, now we’ll diversified (Europe and India) as well as by sector. A recent sell off by Invesco the only obvious reason for the fall this year.

[trustman] 10/4/2024 11:53

Encouraging steady recovery-next week update?

[gswredland] 09/4/2024 09:18

How do you come to that conclusion diesel?