Share Name Share Symbol Market Type Share ISIN Share Description
Somero Enter Di LSE:SOM London Ordinary Share USU834501038 COM STK USD0.001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 257.50p 255.00p 260.00p 257.50p 257.50p 257.50p 32,034.00 07:51:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 47.7 11.8 14.3 15.3 144.86

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Date Time Title Posts
20/2/201712:05SOMERO - laser guided construction equipment942.00
24/9/201523:12SOMERO - laser guided construction equipment14.00
10/1/201418:33Somero - Laser-guided construction equipment92.00
26/2/201307:28somero sales up 47%-
09/1/200912:39Time to buy SOM and tuck away ????15.00

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20/02/2017 16:08:00255.003,5008,925.00O
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20/02/2017 15:21:02257.491,9384,990.16O
20/02/2017 15:09:58258.253,3008,522.25O
20/02/2017 14:47:40259.003,88310,056.97O
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Somero Enter Di Daily Update: Somero Enter Di is listed in the Industrial Engineering sector of the London Stock Exchange with ticker SOM. The last closing price for Somero Enter Di was 257.50p.
Somero Enter Di has a 4 week average price of 253.55p and a 12 week average price of 237.87p.
The 1 year high share price is 262.50p while the 1 year low share price is currently 134.50p.
There are currently 56,254,379 shares in issue and the average daily traded volume is 81,171 shares. The market capitalisation of Somero Enter Di is £144,855,025.93.
rivaldo: SOM are positively viewed here FYI: Http:// "Beating expectations Shares of laser-levelled concrete floor specialist Somero Enterprises (LSE: SOM) rose by 8% this morning after the group advised investors that full-year earnings before interest, tax, depreciation and amortisation (EBITDA) should be “comfortably ahead of current market expectations”. Cash generation has also been strong. Somero’s year-end net cash balance is expected to be “significantly ahead of market expectations”. As a result, Somero has increased its dividend payout ratio from 30% to 40% of earnings, and is considering whether to pay a special dividend in 2017. Somero’s speciality is making the equipment required to produce perfectly flat concrete floors for large warehouses. Modern high racking systems require a level floor, and this is a growth business. The group said trading was “solid” in core markets, with Europe, North America and Australia all contributing to growth. Trading in China — a huge potential market — remained “healthy”. The company’s share price has now risen by an astonishing 2,500% over the last five years. Somero went into the last recession with too much debt, and narrowly avoided disaster. The risk of another cyclical downturn is real, but the group’s management have been much more conservative with financing this time round. Somero has almost no debt, and management plans to maintain a $10m net cash buffer to protect against the costs of a future slowdown. After today’s gains, I estimate that Somero shares trade on a forecast P/E of about 11, with a prospective yield of about 3.1%. If I was lucky enough to hold the shares, I certainly wouldn’t sell."
grabster: Exactly 3 years ago today, this thread began after an exceptional upward run that some might have thought was as far as it might go. It did take two years to convincingly pull away, but the share price has doubled in the past year. Congratulations to all who bought into this story and stayed onboard.
adamb1978: And there was me thinking that the BOO trading update this morning was positive! It's rare that you see as good an update as that - para after para had positive news in it! Will need to run the numbers when back from work this evening but the 2017 forecasts look way too light on the back of this - perhaps 30 cents EPS, or 22p in FY17 might be closer. Share price should be nearer 300p than where it is currently
carcosa: Cautious investor? I sold my shareholding last week but if over the next couple days the share price reduces somewhat then I'll likely buy in again. Interesting that people consider investing as risky; if they have a portfolio of shares and one gets wiped out then it has an undesirable bit hardly catastrophic effect. However if that same individual is employed and looses his/her job then that is often catastrophic. Ergo, most employees are significantly at higher risk of a enforced change in lifestyle (as I have seen several times wrt to friends) compared to a full time private investor... Carcosa
rivaldo: Tipped on T.M.F: Http:// "Could this Trump-friendly stock flatten the competition in 2017? By The Motley Fool Nov 25, 2016 With a market cap of only £128m, it's not surprising if many investors haven't heard of Somero Enterprises(LSE: SOM). But thanks to Donald Trump's US election win and his commitment to boosting infrastructure, I think this company could be receiving a lot more attention over the coming months and years. Let me explain why. Amazing returns On initial inspection, Somero hardly sets the pulse racing. It manufactures laser-guided equipment used for spreading and levelling volumes of concrete for commercial flooring and other horizontal surfaces. So far, so dull. Nevertheless, a quick look at the company's share price performance over the past few years should make a lot of investors sit up and take notice. Back in 2011, Somero's shares could be picked up for just 10p. Today, thanks to sizeable increases in revenue, net profits multiplying from $1m to $12m since 2012 and a notable jump since Trump's victory, the very same shares are priced at just over 226p each. Think about that. If you'd had the foresight (or fortune) to invest £1,000 in the company a few years ago, you'd now be looking at a pot of more than £22,000. That's quite a return. But there are other attractions to Somero besides its rocketing share price. Returns on capital and operating margins have exploded over the past few years. Although not a share most would choose to invest in for income, the dividend has also been rising by double figures and an easily-covered payout of just over 3% is expected for 2017. The company has $12m in cash on its books and no net debt. Any other positives? You bet. On a forward price-to-earnings (P/E) of just below 11 for 2017, Somero's shares still look cheap to me. As a company - albeit a cyclical one - I think Somero has a lot to offer investors. But how does it compare to other companies involved in infrastructure, such as £1.35bn cap property, residential, construction and services company Kier Group(LSE: KIE)? Brexit-related risk On a forecast P/E of 13, shares in Kier look reasonably priced. There's a chunky dividend yield of 4.8% to keep income investors interested and net profits look set to be substantially higher over the next two years (£105m and £117m in 2017 and 2018 respectively). At face value, Kier looks a pretty inviting investment. Unfortunately, there's one big elephant in the room that I think could make the Sandy-based company's shares substantially more volatile than those of Somero Enterprises. Yes, you've guessed it: Brexit. In times of economic uncertainty, large infrastructure projects can be shelved or delayed, ultimately hurting Kier's bottom line. Given that the majority of its revenue comes from the US, Somero isn't quite as exposed to the consequences of our EU departure. Indeed, in its last set of results in September, CEO Jack Conney made reference to the latter's strong performance in its North American, European and Chinese markets. It's this geographical diversification that, in my opinion, will see Somero outperform stocks like Kier for the foreseeable future. So long as you're willing to take on extra risk for the possibility of higher returns, I think Somero Enterprises warrants serious attention. I fully expect to see the company featuring on many watchlists before too long."
grahamburn: Personally, given the company's prime focus is machinery for concrete slab floors for warehouses and supermarkets, I am not too sure that the present discussion about infrastructure spending is particularly relevant to its future success. OK, such spending may well have spin-offs as national GDP grows which are relevant, but, so far as I am aware, Somero equipment isn't used for roads, rail, and bridges etc. etc, though maybe a few public sector buildings (eg large halls in educational establishments?) will require their expertise. In my opinion, the recent rise in the share price is simply overdue given the announcements of record trading for the current year with significant growth in most of its markets.
rivaldo: Shares Mag today has a "Play Update" on SOM and says "keep buying": "SOMERO ENTERPRISES (SOM:AIM) US-BASED MACHINERY manufacturer Somero Enterprises (SOM:AIM) has announced that it is trading ahead of market expectations for 2016. The company makes patented laserguided equipment which automates the spreading and levelling of concrete for commercial flooring. We added the company to the Plays portfolio as a tangential beneficiary of the e-commerce trend. We believe the continuing shift towards online shopping will drive demand for its expanding product range which can create the almost perfectly flat concrete floors required in retailers’ warehousing centres. The latest update on 12 July 2016, which follows a robust statement last month (6 Jun), suggests the first half has ended strongly with June seeing good trading volumes in the US, Europe and China. House broker FinnCap has upgraded its pre-tax profit forecast from $18.9 million to $20.3 million. Canaccord Genuity, which rates the stock a ‘buy’ and recently increased its price target to 200p, comments on the positive valuation implications of sterling weakness: ‘With numbers reported in USD and a GBP share price, the shares are now trading at an increasingly attractive multiple, with a price to earnings ratio of 7.9 for FY16E and a free cash flow yield of close to 10% in FY17E as capex normalises.’ SHARES SAYS: We are encouraged by the performance of the business. Keep buying. (TS)"
18:36 Full text of that: Somero Enterprises, Inc. 34.5% Potential Upside Indicated by finnCap Posted by: Katherine Hargreaves 8th February 2016 Somero Enterprises, Inc. with EPIC/TICKER LON:SOM has had its stock rating noted as ‘Initiates/Starts’ with the recommendation being set at ‘CORPORATER17; this morning by analysts at finnCap. Somero Enterprises, Inc. are listed in the Industrials sector within AIM. finnCap have set their target price at 185 GBX on its stock. This is indicating the analyst believes there is a potential upside of 34.5% from today’s opening price of 137.5 GBX. Over the last 30 and 90 trading days the company share price has increased 0.5 points and increased 7.35 points respectively. Somero Enterprises, Inc. LON:SOM has a 1 year high for the stock price of 158 GBX while the 52 week low for the stock is 110.22. There are currently 55,411,058 shares in issue with the average daily volume traded being 155,163. Market capitalisation for LON:SOM is £77,963,357 GBP. Somero Enterprises, Inc. is the manufacturer of patented and laser-guided equipment. The Company’s equipment automates the process of spreading and leveling volumes of concrete for commercial flooring and other horizontal surfaces, such as paved parking lots in North America. Its manufacturing facilities are located in Michigan. The Company’s products are marketed in Europe, Middle East and Africa, Latin America and Asia through direct sales force, sales representatives and dealers.
danzac39: IC update It's a busy time of year for corporate newsflow as companies with June period ends release pre-close trading updates ahead of their interim and full-year results. Indeed, no fewer than five companies on my active buy list issued trading statements yesterday alone. Another earnings beat Aim-traded Somero Enterprises (SOM:150p), a Florida-headquartered company that specialises in the design, assembly, and sale of patented, laser-guided concrete levelling equipment for commercial floors, has confirmed that the strong momentum seen across the business at the time of the company's last update in mid-May has been maintained into early July. Somero reported strong activity levels in both North America (accounting for two thirds of fiscal 2014 revenues) and the Middle East, with Europe, Southeast Asia, and Latin America each also contributing to overall growth. The healthy North American project pipeline, coupled with technology upgrades, are key drivers behind the higher demand being seen for Somero equipment. In China, activity levels increased in May and June after a slower than expected start to the year and Somero's board reports "healthy momentum in demand for our products there." So with business picking up, the region is still expected to post its fifth consecutive year of growth which is reassuring given that China accounted for 16 per cent of Somero's sales last year. The net result is that the company is currently trading slightly ahead of analyst forecasts for the financial year to end December 2015. Analyst Mark Hughes at equity research firm Broker Profile was previously predicting that current year adjusted pre-tax profits will rise from $14.5m to $15.5m (£10m), based on a 10 per cent increase in revenues to $65.7m, to produce adjusted EPS of 11.6p at current exchange rates and after applying a 34 per cent tax charge. Mr Hughes is also pencilling in a further 9 per cent hike in the dividend per share to 6¢, or 3.9p. On this basis, Somero's shares are rated on a modest 12 times current year cash adjusted earnings after factoring in net funds of 7.5p a share. Moreover, that rating will drop again as Somero should be able to produce operating cashflow north of $14m this year, and net cashflow of around $5.6m after capital expenditure and taxation. That not only leaves enough cash aside for a raised dividend, but I conservatively estimate the cash position will grow to at least 12p a share by the year-end. It could be more. So having initiated coverage when the share price was 140p ('On solid foundations', 22 April 2015), and reiterated that advice at the same price at the time of the last trading update ('Three value plays', 19 May 2015), I feel that my 185p year-end target price is still achievable. Trading on a bid-offer spread of 146p to 150p, I continue to rate Somero's shares a buy
penpont: Thanks rivaldo. Just picked up on the ST tip from the IC - a bit long but a good overall summary of SOM's potential: It was hard not to be impressed by the fiscal 2014 results from Aim-traded Somero Enterprises (SOM: 140p), a Florida-headquartered company with a market value of £79m that specialises in the design, assembly, and sale of patented, laser-guided equipment that automates the process of spreading and levelling concrete on commercial floors. Having set its stall out last year to double turnover to $90m (£60.8m) by 2018, the company increased revenues by nearly a third to $59.3m in 2014, all of which was organic growth, and with gross margins ticking up a couple of percentage points to 54 per cent, and operating costs rising by only 13 per cent, this resulted in a 91 per cent surge in pre-tax profits to $12.4m and a 123 per cent rise in adjusted EPS to 29¢, or 19.5p at current exchange rates. Moreover, with the benefit of a capital-light business model, a high proportion of cash profits of $15m, up two-thirds in the 12-month period, was converted into operating cash flow, so much so that net funds almost doubled to $6.6m, or the equivalent of 8p a share. In turn, this enabled the board to reward shareholders with a 150 per cent hike in the dividend per share to 5.5¢, or 3.7p. The final dividend of 4¢ (2.7p) went ex-dividend this morning. On this basis, the shares offer a 2.7 per cent historic yield, and are rated on a lowly seven times 2014 post-tax earnings. A solid growth story Furthermore, it's only reasonable to expect this progress to continue in the years ahead. That's because the company has a strong presence in the all-important North American market - sales in the region increased by almost half last year to account for 63 per cent of the total on the back of robust growth in the construction industry. In fact, non-residential cement consumption exceeded the industry's original forecast of 22 per cent growth in 2014 to end up 30 per cent ahead of 2013. This positive industry backdrop, the introduction of new products - the company spends 2 per cent of its annual revenues on product development with the aim of launching one new product a year - Somero's pricing power, and a shortage of skilled labour for its customers all contributed to the jump in North American sales. The company has also been benefiting from an increasing presence in China, where sales rose by 44 per cent to $9.5m to account for 16 per cent of Somero's revenues in 2014. This performance was driven by a greater penetration rate in all regions and the broader awareness of US floor flatness standards being issued by the China Flooring Association. The evolution of the Chinese economy towards more logistics, big box retailing, and e-commerce is playing its part too as these trends are boosting demand for the speed and flatness provided by Somero equipment in laying concrete. In addition, higher wage rates are leading to greater automation in this process which increases the value of Somero's equipment. Expect these themes to continue to help Somero raise its market penetration in a country that clearly offers huge growth potential: cement consumption is around 30 times greater in China than in North America. Chinese customers also now have access to finance options when they purchase Somero's equipment which can only help sales. It's also worth noting that the company sells to concrete contractors for non-residential construction projects in over 92 countries and across every time zone around the globe. Last year, Somero reported growth in seven of the 10 geographic regions it services and that even included Europe where sales rose by a fifth to $3.6m, or 6 per cent of the total. Its Laser Screed® equipment is primarily used in the construction of warehouses, assembly plants, shopping centres, and other commercial construction projects that require extremely flat concrete-slab floors. The client base includes multinational companies such as Costco, Home Depot, B&Q, DaimlerChrysler, the United States Postal Service, and Toys 'R' Us. The company's assembly operations are based in Michigan, US, and sales and services offices are located in Chesterfield, England; Shanghai, China; and New Delhi, India. Cement consumption in India is three times greater than in North America, so to raise awareness within the industry, Somero has stepped up marketing efforts as well as attending trade shows and giving seminars for engineers and architects. Revenue from the Indian market was $600,000 last year, or 1 per cent of the company's total turnover, but this is from a standing start and the market clearly has huge potential. Patented technology It may seem hard to believe, but as the leading manufacturer of laser guided machinery used in horizontal concrete surfaces Somero's patented technology has a near 100 per cent market share. Protected by 56 patents, the company's products achieve a high level of precision in concrete surface flatness at a higher rate of efficiency than conventional methods. It's cost effective too as it results in the highest level of flat-floor precision attainable at less cost to the flooring contractor. The company's vision is for its technology and processes to be used wherever a ready-mix vehicle is discharging concrete for a concrete slab. Maintaining customer services at the highest level, and offering 24/7 aftersales support, are key to protecting this dominant market position, which explains why Somero's workforce increased from 128 to 165 last year to support the anticipated ramp up in sales. Moreover, this solid infrastructure creates an obvious barrier to entry for new competitors. That's because it would be difficult for a new entrant to replicate Somero's product offering and break into its market by using a lower product price to grab market share as it would also need to invest considerable sums in creating a similar service operation. In addition, the company's continual investment in capital spend on new products creates another barrier for new entrants as these new products are specifically designed and built to provide maximum productivity and operational efficiency for clients, so in effect Somero already has first-mover advantage with its patented products. Potential for sustainable growth Clearly, the construction industry is cyclical, but Somero offers the attractive combination of exposure to pent-up demand in the US for residential construction post the recession - the Portland Cement Association predict that it will take another seven years at least before output peaks there - and non-residential cement consumption which has scope to surpass its 2007 peak over the next decade. Interestingly, average selling prices of Somero's products have risen as the US economy recovers in previous cycles. Indeed, in the last economic cycle they increased by 25 per cent on average for smaller line products, and by 42 per cent for larger line products. Sales in North America rose by 46 per cent from $25.5m to $37.2m last year, but there remains substantial upside for further growth in product prices based on previous cycles and for cement consumption based on the above industry forecasts. In fact, analyst Mark Hughes at research firm Broker Profile predicts that Somero's sales from North America could hit $58m by 2018. To put this into some perspective, the company's US sales were $40m at the previous peak in 2007. Mr Hughes is also forecasting that sales in China will double over the next four years to $20m. That's hardly an unrealistic forecast given that the potential market is worth $1.2bn in annual sales, of which Somero has penetration of less than 1 per cent at present. In other words, growth rates will be determined by Somero's ability to penetrate this market rather than the market growing itself. The same is true in India where the company's market penetration rate is only 0.5 per cent, according to Mr Hughes. A fairer valuation Not only are the shares attractively priced based on last year's historic numbers, but there is a realistic chance of decent profit growth coming through in the next few years as Somero's sales pick up on the back of the key drivers I have outlined above. Broker Profile predicts that for fiscal 2015, the company's revenues and pre-tax profits will both rise by around 7 per cent to $63.8m and $13.2m, respectively. Mr Hughes is pencilling in a further 10 per cent rise in revenues to $70m in 2016. These estimates look well underpinned and so do expectations of a further hike in the dividend to 6¢ a share this year, or 4.1p at current exchange rates, implying a near 3 per cent prospective dividend yield. It could be more because analysts predict Somero's net funds will double to $14m by the end of this year, a sum equivalent to 17p a share. Admittedly, a tax credit inflated last year's net earnings and this will revert to a tax charge in 2015. However, using Mr Hughes' adjusted EPS estimate of 19.7¢ for fiscal 2015, or 13.3p at current exchange rates, based on a 30 per cent corporation tax rate, still means that the shares are being priced on only 10 times cash-adjusted earnings estimates. That's far too low for a company that offers potential to beat these conservative looking forecasts if market penetration rates can be expanded in China and India, and the US economy remains in fine fettle. Furthermore, the company has no financial concerns to warrant such a low rating. In fact, its balance sheet is robust with cash balances covering almost all liabilities, so Somero is not reliant on outside creditors to funds its inventories of $8.4m; neither is the business being constrained in extending credit to clients - accounts receivables were $6.6m at the end of 2014. In fact, I feel a cash-adjusted PE ratio of 12.5 for fiscal 2015 is a fairer valuation, implying a year-end price target of 185p. That's 30 per cent above the current share price which for good measure is on the cusp of signalling a major share price break-out if it takes out the 140p all-time high from June last year. A blue-sky rally to my target price of 185p would then be on the cards, and one supported by strong fundamentals. Trading on a bid-offer spread of 137p to 140p, I rate Somero's shares a strong buy.
Somero Enter Di share price data is direct from the London Stock Exchange
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