||EPS - Basic
||Market Cap (m)
|littlebro2: Seems to be all quiet on here.
What are peoples thoughts on the departure of Chris Every?
What are peoples thoughts on the new banking facilities?
What are poeples thoughts on possible interest in the company? A takeover in the pipeline? A back door takeover, where S/Hs will not get value, or has interest dropped?
I'm not clear on what has changed to see the share price fall to 1/7th of what it was worth 12 months ago, a fraction of what it was 5 years ago.|
|empirestate: can some kind person tell me how the new equity injection at a price more than 100% premium to the existing share price has not effected the share price positively.|
|tehmac: What do all the above RNS's mean? Also, does the share price often go further than this off the back of takeover talks? Looks like no interest in selling out there from anyone. The only way is up? :)|
|sagem: All we need is another contract win and this share will rocket...the company is totally undervalued
According to Fairfax, SEG looks comfortably positioned to meet the brokers full-year forecasts. "A P/E of 4.7x in our view, distinctly discounts the Groups' growing profits, international brand and opportunities in the energy generation markets." The stockbroker highlights that given the upbeat trading statement, SEG's share price now appears to be behind events.|
|sagem: A new nuclear contract must have been leaked for this kind of increase even at this share price this company is totally undervaled. The share price must be worth well up in the £'s possibly £1.10 for starters.|
|sagem: They will certainly benefit from all the new Nuclear Power Stations being built worldwide, this is huge potential and the share price does not reflect this in any way....it needs to at least double in price just for strters.........keep buyin not selling
Ewan Lloyd-Baker, Chief Executive Officer of SEG plc, commented:
"We are delighted to be able to announce these contract wins. As previously
stated, the US nuclear market is a key growth market for the Group. We now
service or have parts in almost 70% of North America's existing and planned
nuclear power stations. To this end, we are advancing our plans to expand our
Hayward Tyler, Inc. manufacturing operations in North America through the
creation of a larger dedicated nuclear-stamped facility in Vermont due for
completion in 2012. We believe this will have the potential to nearly double the
size of our footprint in the region."|
|sagem: Totally undervalued and the share price needs to double especially with todays good news,,,,,,,,,,Nuclear Power is the only way forward and this company will get all the benefits as we have seen today. Nuclear is what will shift this share price as Nuclear Power Stations are being built and planned throughout the world|
|jbrss: Lol well i feel the same in terms of the company been low risk for the AIM. Undervalued certainly and with the recent attention from the media channels towards us shows a rise in the coming weeks is inevitable. We should be trading almost double to the current price and £1 a share is definitely a fair short term estimate in my opinion.
What will be interesting is if we reach that figure in the New Year and a bid was to come in, i wonder what the premium would be on the Share price to takeover the company.|
|jxman: Specialist Energy Group Lays Out a Compelling Blueprint for Growth
Thursday, July 29, 2010 by Ian Lyall
SEG has more than 60% of the installed market for BCPs in power stations globally The trading statement from Specialist Energy Group (LON:SEGR) earlier this month marked something of a watershed for the firm, which has endured a difficult start to life as a stock market listed company.
It was boss Ewan Lloyd-Baker's first opportunity to talk about the future of the business and its progress so far this year as a now-profitable specialist engineering company.
SEG is the listed parent of Hayward Tyler, the maker of boiler circulating pumps (BCPs) and one of Britain's oldest engineers.
Prosperity Minerals moves into real estate sector in China Access Pharmaceuticals' MuGard used to treat 2,000 cancer patients since launch in EuropeAfrican Diamonds and Lundin backed Lucara to push AK6 ahead after De Beers exitsIt is also a very rare commodity an export success story. It has more than 60 per cent of the installed market for BCPs, which are fitted in power stations all over the world and are used to drive water around boiler plants.
Not that any of this is reflected in the share price, which has fallen 28p, or more than 40 per cent to 40p since SEG listed on AIM in January.
It has been a difficult transition to the public market, complicated slightly by the fact that Lloyd-Baker decided to reverse his company Southbank into a listed shell Nviro Cleantech rather than going for a straight float.
Perversely this was a catalyst for some sustained selling activity.
The original Nviro investors beat a path to the exit - and so did some of the backers of Lloyd-Baker's Southbank, who financed the 2006 acquisition of Hayward Tyler from venture capitalist 3i.
Add to that some fairly dour results announcements, which brought the accounts of Nviro and Southbank into line, and you can see why some followers of Specialist Energy Group might have found it a bit of a turn-off.
But the July 8 trading statement showed that management has dealt with the legacy issues of the listing and more importantly that HT is on course to meet profit forecasts outlined at the time of listing.
It is set to post EBITDA of £4.4 million, a target that is likely to be confirmed when SEG delivers its interim figures in mid-September.
It also offers solid proof that the turnaround programme initiated three years ago when Lloyd-Baker brought in a totally new management team is gaining traction.
HT is building on the market niche carved out in the power generation markets and finding alternative uses for the company's wet wound motors, which could have applications in the oil and renewable energy industries. They are already being used by the North American nuclear sector.
However the firm's near-term prospects are still dominated by the power market and the fundamentals here are strong despite the move to greener methods of generation.
That's because the exponential growth of China and India and their voracious hunger for electricity far outweighs the slow demise of traditional power stations here in the West.
Of course none of this potential is captured in the current share price, which values SEG at around five times predicted earnings.
That is less than half the sector average and well behind some firms in similar niche positions.
Lloyd-Baker is hoping the discount will unwind a little once investors become more familiar with the SEG story and the outlook for Hayward Tyler.
However the growth of HT is just one part of the story.
Lloyd-Baker sees the BCP business as just one leg of a group that at some point could turn over between £200 and £300 million a year.
"My background is corporate turnaround and corporate finance," the SEG chief executive told Proactiveinvestors.
"What I have done is get in place a good management team that punches above its weight and is capable of not only improving the underlying performance of the business, but continuing on that journey and taking HT forward."
Having got this far with the Hayward Tyler business and having raised £4 million at the time of the reverse takeover from institutions such as F&C, Henderson and the British Airways pension fund, it is debatable whether SEG will use the equity markets to fund its ambitions given the current weakness of the share prices.
Lloyd-Baker points says: "This is not just about the Hayward Tyler business, but the bigger picture, Our longer term story is to build a group which is focused 50 per cent on power generation and 50 per cent oil and gas and emulate the success of some our bigger rivals.
Only time will tell whether Lloyd-Baker is able to emulate engineering success stories such as Halma, Weir and Melrose which are now fixtures in the FTSE 250, but having improved the Hayward Tyler business the early signs are encouraging.|
|jamonit: Had a response to my query to the company re publicity, news and share price demise.....
Many thanks for your email to the IR Desk, your points are well noted.
Whilst we appreciate your frustration, we can assure you that Proactive
Investors is not the only news source the Company focuses on â" but you will
appreciate that not every piece of coverage can be put on the website mainly
for copyright reasons. You will have seen positive mentions both in the
Daily Mail and the Daily Express on the 18th of May picking up on the fact
that SEGâs Finance Director has bought stock in the Company. Likewise the
industry trade media as often tracked by institutional analysts have also
recently written positive articles on the Company.
With regards to forthcoming newsflow, you will understand that we cannot be
drawn into the discussion of when announcements will be made. However our
intention certainly is to keep the market regularly updated via RNSs.
As for the share price performance, it is certainly hugely frustrating as
very small volumes can have a disproportionate effect on the share price due
in no small part to the vagaries of market makers.
Many thanks and kind regards,
The IR Desk
Specialist Energy Group plc
19 Crown Passage
London SW1Y 6PP
UKTI WINNER: London's Advanced Engineering & Manufacturing Exporter of the
Specialist Energy share price data is direct from the London Stock Exchange