Severfield Share Discussion Threads

[skinny] 25/11/2014 07:06

Highlights

§ Underlying* profit before tax of £3.0m (2013: £1.4m)
§ Improvement in UK underlying* operating margin to 3.7% (2013: 2.5%), in line with expectations
§ Continued focus on UK operational improvement programme, reflected in increased margin
§ Share of losses from Indian joint venture of £0.3m (2013: £1.3m loss) reflecting good production levels and the benefits of the ongoing operational improvement plan
§ Strong first half cash performance, with period-end net funds of £7.3m (31 March 2014: £0.3m)
§ UK order book of £185m at 1 November 2014 (1 May 2014: £168m), reflecting strong order intake and increase in general market activity
§ Over 70 projects undertaken during the period in key market sectors:
- Infrastructure: rail, transport and bridges; and
- Commercial property: office developments, stadia, warehouses and distribution centres
§ India order book of £38m at 1 November 2014 (1 May 2014: £41m)
§ Successful completion of new £25m revolving credit facility until July 2019

[jadeticl3] 06/11/2014 16:48

I hope you are right Itchy, but sometimes when something goes wrong all parties suffer. We don't need this at a time when things are beginning to look more hopeful. I need these to get to 65p to break even, and they are in my top three shareholdings.

[itchycrack] 06/11/2014 16:12

Its a non-issue for SFR, British Land are at fault here, poor quality control.

[jadeticl3] 06/11/2014 16:07

Thanks Skinny, that confirms my fear when I read that article. It does not appear to have done great damage to the share price yet, but not much went right with that contract.

[jadeticl3] 06/11/2014 10:17

Were SFR involved in the supply or build of the London Cheesegrater?

[skinny] 05/11/2014 07:15

Severfield plc, the market leader in structural steel, will announce its Interim Results for the period ended 30 September 2014 on 25 November 2014.

A briefing for analysts will be held at 9.00 a.m. on 25 November at Bell Pottinger's offices, Holborn Gate, 330 High Holborn, London, WC1V 7QD.

[cojones] 21/10/2014 11:45

nice few days of solidly tight consolidation and boom! up she goes ;)

[cojones] 14/10/2014 00:21

turning ;)

[lauders] 10/10/2014 15:56

Thanks a lot! Guess the header needs editing LOL. I am looking for dividends too so might top-up in CNKS again instead. Good luck here.

[skinny] 10/10/2014 15:46

There has been no dividend since the interim 1.50p in 2012.

[ashbox] 10/10/2014 15:44

There is no dividend. It was cancelled due to the dire position of the industry....

[lauders] 10/10/2014 15:39

What is the dividend yield here please? The broker note above shows 0.00%, the LSE data shows 0.00% and the text above states:

SFR maintains and has always maintained a dividend payment policy. Since 2002 they have always managed to increase their dividend. The ability to pay it has been steady with a cover of 1.8x maintained over the same period and set to continue. The Yield has been progressing of late which confirms the shares are cheaper than they were five years ago.

Thank you.

[cockneyrebel] 10/10/2014 13:35

Added this am - a lovely dip to have caught I think :-)

CR

[cojones] 09/10/2014 16:32

Upward channel finally broken down from its last rise. Wouldn't be surprised to see the share price recover and lift past the 65 next time round. Only a matter of time but at least money is safest here compared to most imo
good luck all ...i'm off for a siesta ;)

[cojones] 09/10/2014 15:25

bargain topup time ;)))

[cockneyrebel] 03/10/2014 10:41

100 workers on a one day strike for higher pay - you don't do that unless business is buoyant and you feel confident in your job imo.



All imo/dyor etc.

CR

[cockneyrebel] 01/10/2014 11:01

Link here:

[jadeticl3] 30/9/2014 17:51

80p would be great. Is Cannacord's record great also?

[wynmck] 30/9/2014 11:58

Cannacord upgrade Buy tgt 80p(60)

[itchycrack] 26/9/2014 16:00

This will come good again, Director buying, recovering markets, beginning to look much better here now IMHO.

[fangorn2] 26/9/2014 15:50

Indeed Ash, suspect that was why so many of us bought into SFR at the time.

[ashbox] 26/9/2014 15:43

Lol....used to be a great divi here in 2008/9 until things went pear-shaped!