Severfield Share Discussion Threads

[gargoyle2] 26/1/2016 09:36

Jefferies reaffirm buy rating, 73p target price.

[jadeticl3] 17/1/2016 19:58

Don't worry about selling now wipo1. Hold onto any you have until the end of this year and you should have a profit AND be able to sell into a rising share price.

[wipo1] 17/1/2016 12:21

I am thinking of getting back in, but was a bit of a hastle to sell a small amount on bid the last time lol

[waldron] 09/1/2016 12:53

yep

must admit i have profited from the strong franc
in more ways than one

take care alp

[alphorn] 09/1/2016 12:13

He is covering all the bases!

[itchycrack] 07/1/2016 08:53

No, its still a 'public trade', which can be undertaken over a very considerable period of time (not sure on the time limit), but it must be declared at some point. It could be one large seller transacting with one large buyer but it must go through the exchange, its not OTC.

[jadeticl3] 07/1/2016 07:48

Thanks IC. Does that mean a private swap? If so does the seller not have to make e declaration? I declare that i was not the seller!!

[itchycrack] 07/1/2016 03:07

Its called a 'Protected Trade'.

[jadeticl3] 06/1/2016 15:17

This day Invesco have told us they have bought 15.8 million shares in SFR. Has anyone noticed this kind of buying? How could they do this without my knowing??

[rhomboid] 08/12/2015 15:39

Thx for the response, I guess I'm assuming the £6m is a best guess as per this from the interims:

"The remedial works programme on the Leadenhall building continues to progress in line with planned costs and timescales. Discussions continue between all parties involved to establish where final liability for the remedial works should rest."

...what I'm trying to understand is the range of possible outcomes, ie if SFR cop for the lot how much is that?

And is there a nine elms issue on top ?, I hold a chunk of stock here but am trying hard to scope out the downside.

Cheers

[jadeticl3] 08/12/2015 08:28

Unusually volatile share prices recently. I thought the upward thrust might be significant, but it looks as though it could all collapse back to where we were a month ago. Still hoping to get back up to 74p then push on from there.

[steelwatch100] 03/12/2015 09:54

rhomboid

The 6m was announced in June with the year end results (1m spent to March, 5m to come).

This was again reiterated in the interim accounts just published 24/11/15 (note 7), if further major liabilities were expected on this project then the board is under a duty flag up in this document, which they haven't.

So the best indication from the company is that things are progressing in accordance with or better than previously stated.

[hybrasil] 02/12/2015 20:46

oh I think you ll see a very sweet onward progress

[rhomboid] 02/12/2015 20:36

hxxp://www.architectsjournal.co.uk/news/daily-news/steel-chief-warns-cheesegrater-bolt-costs-may-top-6m/8686969.article

I've bought in here but I'm struggling to get a handle on what the worst case exposure is for Leadenhall/nine elms.

Anyone got a view?

[cc2014] 02/12/2015 19:47

You won't see a chart like this one very often. I'm assuming there has to be some resistance at 74 but who knows. If it can get through things look very good to me

[jadeticl3] 02/12/2015 16:58

The day before the results the price plummeted. Can the results be that bad I ask myself. On the day of the results they bounce back. So, no panic. Then they jump and jump again. The first jump was due to steel watch, but what caused the second. Yes, owenski, we are approaching the critical point. Let's hope we can break through! Although I was pleased that the results were acceptable I was not confident that they were good enough to push to new highs.

[wipo1] 02/12/2015 16:01

Nice rise, wish I bought more lol

[owenski] 02/12/2015 15:35

Looking a bit encouraging here, long term trend ceiling is in the 74p area

[steelwatch100] 02/12/2015 12:14

jadeticl3 - lol if only!!

[roddiemac2] 02/12/2015 09:55

steelwatch,

Yes,---the Indian JV is a long bet for the future .

[jadeticl3] 02/12/2015 09:50

Well done steelwatch. You appear to have sparked off a new enthusiasm and a leap in share price. Keep on posting!

[steelwatch100] 02/12/2015 09:34

Further to the above, regarding the cash generation of 10.9m, this presumably will have taken account of a spend on the bolt remedial work, which could have been between 1 - 3m (?)in the period Apr-Sept (part of the 6m).

So effectively could be a trading cash gain of 12 -14m in the 6mth period.

Whilst cash is not everything, it is even more encouraging for the future results!!

[steelwatch100] 01/12/2015 07:05

Positive interims - cash collection @ 10.9m in 6mths!, looks good for year end.

India JV seems like a very long bet for the future & a bit of a side show at the moment. Uk & new ventures look more promising for a better return.