Severfield Share Discussion Threads

[rivaldo] 25/1/2017 14:31

Brucie, if only those flighty investors realised the possibilities in these "boring" stocks - I'm not complaining at around 60% gains in just a few months :o))

Good PR for SFR in this new article - and of course SFR now has almost £25m net cash and rising:



"A dividend explosion

Severfield's chief executive Ian Lawson was upbeat in the firm's interim results report released in November. He said a strong performance continued after the company's September half-year period with margins up and healthy cash-generation. He thinks profit growth for the full year will be ahead of previous expectations, and to underline the directors' confidence, the interim dividend was pushed up an impressive 40%.

Severfield's strategy targets an underlying doubling of profit before tax over the next four years and, judging by the interim report, it looks like the firm is on course to achieve that goal.

However, just four years ago its position didn't seem as rosy. Profits had collapsed and the firm tapped the market with a Rights Issue to pay down debt and fix its balance sheet. There's no doubt that the firm's operations are highly cyclical, but there could be more to come during the current upturn in operations.

Indeed, City analysts following Severfield anticipate the firm's earnings bounce-back to continue with earnings per share rising 14% during the year to march 2018 and by 12% to March 2019."

[brucie5] 24/1/2017 22:07

Likewise, Peter. This looks like a good stock for high likelihood of price growth.. for some time. Probably too solid for the more flighty investor, though - wherein lies advantage for the patient!

[petersinthemarket] 24/1/2017 19:30

Great to meet up again Brucie - relative newcomer here but very enthusiastic about sfr future. pete

[brucie5] 23/1/2017 19:28

Great to see this brought to wider attention. Imho, much further to go on the bowl, though it may not get there all at once.

[croasdalelfc] 23/1/2017 08:27

Tipped by Midas

[rhomboid] 23/1/2017 08:26

Tight market and opportunistic mark up in response to MoS tip? Plus it's cheap quality..

[cc2014] 23/1/2017 08:22

Anyone know the reason for the jump?

[huttonr] 23/1/2017 08:15

And a very nice little jump this morning

[basem1] 22/1/2017 13:59

I agree with Katie, 80p has been a long time coming when most of my other holdings are up 20% in the last month.

[diesel] 22/1/2017 11:07

Katie, then what sell? This looks like a solid growth story that could go on for years and with good divvies, I'm happy with progress. The problem with sudden spikes is there will be an inevitable correction, the chart says it all, no need to get ahead of ourselves...

[katie priceless] 22/1/2017 10:57

That might be just what we needed to get the share price up into the 80's

[rivaldo] 22/1/2017 10:10

Cheers bb2 - should be a good week ahead then :o))

[diesel] 22/1/2017 09:29

for a newspaper that's a fairly accurate article, should see a little spike on Monday.

[battlebus2] 21/1/2017 23:12

I know a few here will be happy to see Midas tip Severfield.

Profits could double..

[doodlebug4] 19/1/2017 17:33

On my watch list - good to see you back posting Greenroom.

[busterdog2] 19/1/2017 17:03

Hopefully not a copper spring.

[greenroom78] 19/1/2017 16:24

It is like a coiled spring at the moment, you feel it has to break this level some point soon.

[rivaldo] 19/1/2017 13:37

Great to see new highs now. But still lots of upside when you consider that SFR will soon be on an ex-cash P/E of only around 12 and has traditionally been rated at far higher multiples considering its dominant position and asset backing.

[luckymouse] 19/1/2017 11:21

steel etf climbing

[brucie5] 19/1/2017 09:47

Great bowl for the patient investor.

[carpadium] 16/1/2017 20:18

Dipped a toe in today, like the story, management, price & value.

[brucie5] 13/1/2017 14:16

Bought more this morning, to top up to maximum holding. I think this could be spectacular, particularly since relatively unloved.

[brucie5] 10/1/2017 17:28

Three year breakout today, which suggests return to £2 over time. Till looking for 80p to break though, before we see acceleration of the pattern. Market taking time to believe.

[miked500] 10/1/2017 08:54

Severfield SFR Peel Hunt Buy 76.75 75.75 75.00 85.00 Reiterates