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Severfield Share Discussion Threads
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|HS2 has got the green light today - good news for SFR, who are heavily involved.|
|SFR were tipped last week FYI as follows:
Severfield(LSE: SFR) is a main market company -- listed in the FTSE SmallCap index -- and has a market cap of £241m at a share price of 81p. It's the largest structural steel business in the UK, supplying office buildings (such as the Shard), stadia (such as Liverpool's Anfield), tunnels, bridges and so on.
European firms have become less competitive in bidding for UK work, thanks to the slump in sterling, and Severfield is enjoying the double benefit of seeing "more opportunities" in Europe.
For its financial year ending 31 March, I'm expecting the company to post EPS of a little over 5p -- 37% ahead of last year's 3.67p -- for which growth you're currently paying a P/E multiple of 16. This is another stock that looks very buyable to me."|
|The market for SFR is very strong, just look at "Construction Enquirer" online, and the amount of tall building projects in the UK keeps going up and up. I'm expecting this to rise higher and higher in each of the coming years.... A good buy & hold.|
|Bought a few more today. I assume the fall is due to the 378k trade at 76.5 reported yesterday which must be a sell and it hasn't fully worked it's way through yet.
Once it does I think we will move back to 80 with some ease|
|I don't think the sector is in favour! BILN is strikingly cheap but SFR is more liquid, has c 15% of M Cap in cash and is in a strong growth phase,with margins increasing. they're also likely to pay a special dividend in the near future so I'm very happy to hold both. I can also see the merit in releasing the good trading news around the Capital Markets day as it's likely to get more concerted coverage/upgrades.
Patience will pay off bigly imho|
|GHF - but BILN seeing very little buying either and selling there is stalling price. Sector falling out of favour maybe?|
|Yes jadetici3. Here's a suggestion.
SFR's shares had risen by +43% in 5 months versus peer BILN which had witnessed a (-14%) decline in the same period despite brokers upgrading forecasts by +26% in 2016.
Perhaps investors simply locking in profits in SFR or selling/ top-slicing to reinvest in BILN which delivered a positive trading update last week?
|So are there sensible suggestions as to why this share price has taken a dip? Could it simply be disappointment, or fear, that the company has decided not to issue a Trading Update when most investors would have welcomed one?|
|He doesn't, he's making it up.|
|So how did you get to know it was today ?|
|One on one meetings between companies and institutions happen regularly and are not publicised. Usually companies, particularly out of town companies, arrange a series of such presentations, with the help of the company broker or PR firm, over the course of one, two or more days. It is the opportunity for institutions to do some in depth research and questionning of management - many institutions like to do their research out of the glare of publicity and out of sight of other fund managers as it protects their investment process. Nothing unusual and nothing untoward in this. Does it give institutions an unfair advantage? Arguable but probably tho won't be admitted.
Hope that helps.|
|Sorry I misread. Maybe it was disappointment there wasn't a TU today...|
|There was no event , that's in march|
|Twelve sales of 5000 or more shares the morning after an event day cannot suggest the audience were bowled over by the prospects. But as they always say "no new information will be given". Perhaps the listeners were expecting more.|
|Oh dear, any reason for the share price drop today? Maybe the City Institutes didn't like what they heard?|
|They might do. Speaking to institutions is standard fare though. They won't impart market sensitive info.|
|I thought they had a Capital Markets day on 30th March?|
|Steel etf storming ahead|
Steel usage in the UK expanding rapidly so would think Severfield will get their share!!|
|Strangely I emailed them yesterday to get clarity, response below ;
Thank you for your email. We will not be issuing a trading statement this week; we plan to issue this on the morning of Thursday 30th March when we hold our Capital Markets Day.|
|Not sure where I got it from but I'd put it in my portfolio notes,not on their website either so it's total red herring...sorry!|
|There was a TU on 16feb last year.
Contributor prob expecting it to be the same this year.|
|Not sure where this thursday's tu date has come from?
When it arrives, would not be surprised if there is a fall in U.K. Order book numbers as the rise from late 2015 of 185m up to Nov 16 of 315m looked unsustainable given their turnover levels.
With Biln being a bit vague on the outlook in their recent tu, would expect Sfr order book to decline. Anywhere round the 300m would be fine in my view, anything below that then the market has stalled!
Let's hope for a good one.|