Severfield Share Discussion Threads

[jadeticl3] 30/7/2014 12:11

I think that some fresh optimism may be due to the expected upsurge in India since their new Government was elected. Hence the JV may contribute to profit rather than being a millstone.

And things are looking better in UK for the types of work SFR hopes to win.

I hope this takes us back to 66p by the end of 2014.

[jadeticl3] 30/7/2014 12:11

I think that some fresh optimism may be due to the expected upsurge in India since their new Government was elected. Hence the JV may contribute to profit rather than being a millstone.

And things are looking better in UK for the types of work SFR hopes to win.

I hope this takes us back to 66p by the end of 2014.

[meijiman] 30/7/2014 12:05

I think this is an interesting story and potentially a good investment around 60p.
however looking at the numbers-broker and Edison and I see that for the year to March 2015 and March 2016 the consensus is a bit over 2p of earnings (2015) and a bit over 3p for 2016. I'm not obsessed with the P&L but I think in this case its a key determinant of value. So its not a buy on those numbers and I assume that management cast an eye over the Edison report. Hopefully there might be upgrades down the track. Any views?

[skinny] 30/7/2014 11:14

Back @60p - previous S/R.

[gargoyle2] 30/7/2014 10:45

Price looking very firm the last few days.

[itchycrack] 11/7/2014 08:37

I have been adding over the past couple of weeks.

[skinny] 11/7/2014 07:18

Jefferies International Buy 56.50 56.50 58.00 66.00 Upgrades

[huttonr] 11/6/2014 11:20

It certainly seems to have triggered a number of PI trades.
Perhaps other people are cottoning onto the idea that Severfield may (might?) be actually going to be making money?

[cockneyrebel] 11/6/2014 11:11

Interesting 1.2m trade

CR

[jadeticl3] 11/6/2014 10:41

I bought my first tranche of these about 18 years ago so I have seen them move up and down, in good times and bad. Until recently (last 2 years) I believed the company was always sound and share movement only reflected the background economics. However, mistakes were made in the recent past, and this now may have to include the Indian JV, but I think these mistakes are in the past and we can move on to better times ahead. The current share price, although well below the recent peak of about 66p is still well above the Rights Issue price of 37p.

[itchycrack] 10/6/2014 19:57

Lets hope history repeats itself! :-)

[meijiman] 10/6/2014 17:13

Well then see Itchy post of 3 June. Think you are right. Ironic that if it were not for India the share price would be north of 60p.The bull points outweigh the negatives here in particular alot of rival capacity has left the market.

[johnsoho] 10/6/2014 16:13

Watched these for a while now and the recent Directors purchase have encouraged me to buy my first, fairly small, tranche; I think this company is in the early stages of a recovery phase. NAI, dyor etc and good luck to all holders

[rivaldo] 03/6/2014 10:16

I hope people realise the m/cap here is around £164m, and not the £49m shown in the ADVFN thread header....

It made my assessment of the company's value and prospects rather different :o))

[itchycrack] 03/6/2014 10:12

Best to wait for Director buying - this has proved the best guide to share price performance in the past.

[jadeticl3] 03/6/2014 09:33

Awaiting Edison's update on these results. Will they change their projections and if so in which direction.

[skinny] 03/6/2014 07:00

Highlights

· Underlying* profit before tax of £4.0m (2013: £21.5m loss)
· UK underlying operating margin (before JVs and associates) recovery to 3.3% (2013: -6.0%)
· Share of losses from Indian joint venture of £3.0m (2013: £0.3m loss)
· Period end net funds position of £0.3m (31 March 2013: £41.2m net debt)
· Further restructuring of largest business, Severfield-Watson Structures, concluded successfully
· Operational improvement programme progressing well and continuing
· UK order book steady at £168m at 1 May 2014 (1 November 2013: £172m)
· India order book of £41m at 1 May 2014 (1 November 2013: £34m)

[roddiemac2] 21/5/2014 21:32

The psychology behind name changes is questionable . There was nothing wrong with the original name.

I remember when the new management of Bulgin changed the name to Elektron (EKT).
They then spent years ruining the company . One shareholder has recently started legal action against the management .

[ashbox] 15/5/2014 16:45

'The Board believes the name change simplifies and modernises the Company's proposition across the full spectrum of its stakeholder universe and reflects the strength of the overall brand'.
Now that definitely looks like a statement that was lifted from a branding consultants (expensive) report!

[skinny] 07/5/2014 12:33

Severfield-Rowen PLC

07 May 2014

Severfield-Rowen Plc

Notice of Final Results

Severfield-Rowen Plc, the market leading structural steel group, will announce its Final Results for the period ended 31 March 2014 on Tuesday 3 June 2014.

A briefing for analysts will be held at 9.00 a.m. on Tuesday 3 June at Bell Pottinger's offices, Holborn Gate, 330 High Holborn, London, WC1V 7QD.

-Ends-

[gargoyle2] 02/5/2014 15:38

New note from Edison:

[meijiman] 24/4/2014 22:18

Fair enough.Pricing got out of kilter at end though-probably losing money on some contracts.

[jadeticl3] 24/4/2014 21:41

To be fair the idiot who ran then company before him did a good job for quite some time.