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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Somero Enterprise Inc. | LSE:SOM | London | Ordinary Share | COM STK USD0.001 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 335.00 | 335.00 | 345.00 | 342.50 | 335.00 | 335.00 | 41,974 | 16:35:20 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
20/1/2016 07:24 | Not good if the buildings in china don't go up, no floors to level | onjohn | |
19/1/2016 09:30 | 165,000 shares through at 134p and a tick up. Hopefully clearance of an overhang. | rivaldo | |
18/1/2016 10:41 | Great to see SOM getting good coverage in the press. Latest forecasts from Canaccord are: last year - 14.9p EPS, 4.5p divi this year - 15.9p EPS, 4.8p divi That's a P/E of 8.8, which reduces by another 10% or so once the cash pile is stripped out. Looking forward to the interview this week Paul, cheers. | rivaldo | |
18/1/2016 08:52 | share price was 12p , now too expensive | rubberbullets | |
18/1/2016 08:50 | Great to hear Paul. I know you get a lot of grief on ADVFN boards at times, but I certainly appreciate your efforts. Keep up the good work! | closetinvestor | |
17/1/2016 14:02 | My next CEO audio interview is with Somero, this coming week. Should be interesting. If you would like to submit a question for me to ask, then please use the form on this link: (using this form collates all the quesions for me in one place, so saves time). I can't guarantee to ask every question, but I'll select the best questions to ask management, and to concentrate on the main themes that private investors want to hear about. I'll be asking them about the outlook, both in USA, and China, and how they see current downturn in global trade, resources, etc. I'm not charging the company a fee, so it's a genuinely independent interview, by an investor in the company (me!), for other investors. Regards, Paul. | paulypilot | |
17/1/2016 09:06 | Thanks gersemi great to see this write up. | danzac39 | |
15/1/2016 17:40 | A few sells and price drops after days of buying action. Equities not a good place to be right now. | breaktwister | |
15/1/2016 11:25 | Valuation on the floor. Nice one. Buffy | buffythebuffoon | |
15/1/2016 10:29 | Sea of blue every day but price stays same. I bet it would drop heavily on similar volume of selling. | breaktwister | |
14/1/2016 11:58 | Shares Mag today says SOM is a "bargain" - Buy: "Somero’s laser-guided growth In-demand product and improving metrics lay strong foundations Laser-guided floor screeding is not typically a topic to set pulses racing but US-based Somero Enterprises (SOM:AIM) could be about to change all that as demand for precision flooring levels in automated warehousing grows to match a burgeoning online retail market. Somero is manufacturer of patented and laser-guided equipment which automates the process of spreading and levelling volumes of concrete for commercial flooring and other horizontal surfaces, such as paved parking lots. As the e-commerce and online space continues to expand and develop, the demand for precision-built warehousing and fulfilment centres can only follow. Somero’s growing product range is tailor-made to create the almost perfectly flat concrete floors required in these facilities. VALUATION ON THE FLOOR Stock in the Florida-based construction equipment maker may have advanced 15% over the past 12 months but with revenues rising across the majority of its markets, Somero remains a bargain on a 2016 price-to earnings ratio of 8.7. A year-end update on 7 January revealed a strong performance in the last six months of 2015. Trading was particularly buoyant in the final quarter with monthly sales at an all-time high in December, not traditionally the strongest month of the year. As a result, management was able to announce that the company expects to report revenue ahead of current market expectations for the full year. And as a result of an improved gross margin performance, Somero now expects to report EBITDA materially ahead of consensus too. All in all, it’s been a good year for Somero. The lion’s share of the £77.3 million cap’s revenue in the first half of 2015 came from the US, accounting for $24.1 million out of a total of $35.3 million. Demand for Somero’s products in North America was predominantly driven by technology upgrades and fleet additions, with lengthy project backlogs that extend well into 2016. In 2015 Somero products were sold to concrete contractors for non-residential construction projects in 93 countries. Europe showed impressive growth in the first half, adding $1.9 million to turnover which represented a 36% increase on the same period a year earlier. The year-end update confirmed the continuation of that momentum. There was also significant growth in South East Asia and the Middle East. China remains a concern at the moment but a rebalancing towards a consumer-driven economy holds promise for Somero in the medium term. HEALTHY BALANCE SHEET With margins, revenue and dividend growing, a healthy balance sheet just adds to Somero’s myriad attractions. Interims showed net cash as at the end of June 2015 of $9 million; up 36% on the same period a year earlier. Analyst Mark Hughes at Broker Profile is forecasting full year 2016 revenue at $66.6 million with adjusted profit before tax for the year coming in at $16.3 million. The outlook for construction in Europe and the UK is improving and Somero looks well positioned in 2016 but investors should nevertheless keep an eye on the performance of the US economy given its heavy exposure to this market. China continues to lag but Europe and the Middle East should offset disappointment here." | rivaldo | |
14/1/2016 08:58 | First filed in 2013. Also filed in Australia and Canada but not Europe interestingly. | rcturner2 | |
13/1/2016 12:16 | Thx for all the info above on the upgrades. It seems plain to me that the only reason SOM has not moved up a lot further is due to Polar Capital's top-slicing, which has partly been taken up by the likes of Artemis, who are now above 18%. Once Polar stop feeding stock into the market then perhaps there will be a strong re-rating. | rivaldo | |
13/1/2016 11:37 | It states in the note that they conservatively forecast ebit drop through of only 29% when it is historically 40% and currently implied at 45%. They also acknowledge that although their price target is 180p the shares are worth 210p is the company makes its 2018 revenue target of $90m.If growth remains stable somero could make this revenue target a year early. | danzac39 | |
13/1/2016 11:10 | It is possible of course that the broker is basing the forecasts on a more detailed knowledge of a breakdown of the revenue, some of which may not be recurring for example, while other areas are growing well. | rcturner2 | |
13/1/2016 11:07 | Very conservative, but i like that from a broker. | market sniper3 | |
13/1/2016 10:45 | danzac, yes I agree that Canaccord forecasts look very conservative. | amencorner | |
13/1/2016 10:27 | Canaccord forecasts are very very conservative on revenues and especially on ebitda margins. I expect somero to beat these forecasts. Also worth remembering finncap recently appointed joint broker but haven't initiated yet and won't until March. Also redleaf pr recently appointed and won't have done much if anything yet. | danzac39 | |
13/1/2016 10:22 | Cracking write up, this Thompson chap seems to have a big following. | market sniper3 | |
13/1/2016 10:19 | Rivaldo, much as I like Somero, it happens to be a significant part of my portfolio, the market seems just afraid of the cyclical nature of the business. Cannacord as you say, have made their forecasts since the excellent “ahead of expectations” trading statement. However, this forecast only estimates a growth 6.7% growth in eps for 2016 and that in itself is to my mind hardly enough to get the share price moving. I think that SOM is really good value based on the numbers we have at present but like many holders, am a touch frustrated about how the stock is perceived by the market. You could of course argue that the share is simply overlooked. Either way, I hope that when the full year results are released on 1st March the outlook statement will be enough to encourage the market to view the stock more favourably. | amencorner |
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