We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sureserve Group Plc | SUR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 124.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 124.50 | 124.50 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
|---|
Posted at 26/7/2023 16:38 by davidosh I received mine yesterday and put half into RTC Group this morning on the excellent interims announced. They have turned things around from losses in H1 last year and back paying aa dividend.RTC looking interesting on a likely p/e of 4 and near 10% yield paying 1p at the interim and usually double that in the finals. Disclosure...I do have a significant holding already so very happy to see tens of investors agreeing with me today. It should return to pre pandemic levels around 70p and the order book looks huge |
Posted at 17/4/2023 19:30 by marktime1231 I can think of a few reasons why acquisitions (and disposals) have not proceeded in the last 18 months. One is that we have had a mini-credit crisis, another is that the cost of borrowing has soared. Or are you limiting SUR to only acquiring from cash with no gearing? And don't be so naive to expect a commentary on any negotiations which may or may not be underway, you will be told if and when there is any news.Being in positive cash has actually been something of a comfort. Besides, it is clear from the incentive plan agreed recently by the new board that Mr Smith's no 1 priority is to improve net margin and grow eps, even above the strategy of topline growth by acquisition. SUR needs to grow profitably or not at all, which may be limiting the options. Progress is being made on this, and with better commercial terms and bidding discipline more progress can be expected. But it will be a slow process, facing in to the headwind of generationally high inflation. Those of you still impatient for a dividend need to move on, a discussion topic we have been over before. SUR is no longer an income stock or prospect, it is all about improving the bottom line and eps growth. If you are still expecting a dividend in the near term you are not going to get one, deal with that and save yourself the trouble. |
Posted at 17/4/2023 17:00 by vfast Mr Smith stopped the dividend in Jan 2022 to focus on acquisitions that was 16 to 17 months back.The right acquisition at the right price is very important and not easy to acquire however Mr Smith and Co should be well aware of that fact. So it could be argued by stopping the dividend and making a statement regarding when he expected things to happen shows he may not be "on the ball". SUR in 2022 was tipped by everyone and their granny and rated to be one of the top movers but we all know that did not happen although their figures were excellent. I was once informed by a wealthy investor that the share price movement or lack of is telling a story. As far as I'm concerned the jury is still out nevertheless a judgement will be made in 2023. |
Posted at 17/4/2023 09:28 by rivaldo I'm quite happy to sleep easy with this stock whilst many other companies' share prices have fallen or are falling.In a perfect world SUR would have sold their non-core business, acquired new ones using their cash pile, paid dividends etc. But this is not a perfect world. It takes a long time to buy and sell businesses at the right price, particularly in the current environment. I would much rather see a large acquisition on the table than a paltry dividend as a sop to income investors - the resulting capital gains would likely be much larger, and dividends outside ISAs aren't much use these days for many private investors anyway given the much reduced allowances etc. I understand frustration, but it's not long until next month's interims, so perhaps this will herald the start of a news cycle. |
Posted at 29/3/2023 11:47 by rivaldo Tomorrow looks like a good news day for SUR, with new government funding to be announced for various energy saving measures which SUR provides including insulation and smart heating:"Cheap imported products made in polluting factories abroad may face new green import taxes and middle-income families will be given grants to make their homes more energy efficient under updated government plans to hit net zero by 2050. The measures are part of a package of proposals that will be unveiled on Thursday by the energy secretary, Grant Shapps." "The plan will be part of a wide range of updated net zero and energy policies to be announced on what has been called “energy security day”. Ministers will confirm that middle-income households will be given grants worth hundreds of pounds to make their homes more energy efficient under a new “Great British insulation scheme”. Shapps will announce the plan to fund loft insulation, cavity wall insulation and smart heating controls. Unlike previous initiatives, which were targeted predominantly at the poorest households, 80 per cent of the new funding will go to households that are “able to pay”. The money is expected to be given to people in council tax bands A to D, and the government will meet the bulk of the costs of any upgrades. The scheme, which will run over three years, will be funded using a levy on people’s energy bills known as the “energy company obligation”. Ministers believe that people will make significant savings. Installing loft insulation can cost up to £1,100 but save £640 a year, and cavity wall insulation costs as much as £2,500 but can save £525 per year. Smart heating controls such as advanced thermostats and thermostatic valves cost up to £800 and can save £525 a year. The scheme is part of measures that will be announced by the government in an effort to cut people’s energy use by 15 per cent by 2030." |
Posted at 28/2/2023 16:40 by igoe104 I'd of liked to think we were doing to hear some news on the acquisition front, especially as we haven't heard anything on the dividend front. Surely 1p dividend, would be a drop in the ocean for sur and might attact more buyers, if the dividend was brought back.The management were talking about an acquisition January 2022, and we are still waiting and at the expense of a dividend... |
Posted at 27/2/2023 13:06 by boadicea You'll have a hard time arguing with the market. SUR looks a sure bet but who knows when?There are many blatant anomalies out there. E.g. compare DATA and CNIC (both reported today). DATA has a highly borrowed balance sheet that looks quite dodgy and trades on an adjusted PE of 28. CNIC has a rather better bs, phenomenal growth record and trades on an adjusted PE of 7. SUR is of course in a different market from these but deserves better than a PE (adjusted) of 9.5. Given the stability and steady growth prospects of its market a range of 12 to 15 would seem more sensible. Thuse I judge it a sensible hold even if the market is slow to appreciate it - and hopefully a dividend will be restored soon. |
Posted at 27/1/2023 10:03 by rivaldo The IC says Buy:"Gas business heats up Sureserve’s prospects Longer contracts offer greater visibility over revenue, CEO says January 24, 2023 Sureserve’s (SUR) shift towards focusing on providing energy services to social housing landlords was fortuitously timed, given the greater focus on tackling fuel poverty following Russia’s invasion of Ukraine. The company now installs and maintains gas heating, smart meters and renewable energy systems. The gas division continues to bring in most work, though, and the average contract length has increased from five to six years, providing greater revenue visibility, chief executive Peter Smith said. Its order book grew by 18 per cent to around £594mn at the year-end and it had 93 per cent of this year’s expected revenue secured as of 1 January. More than 90 per cent of gas contracts are also index-linked, providing protection against rising costs. Sureserve's cash profit margin widened from 5.7 per cent to 6.1 per cent. The company has cash in the bank, but opted not to pay a dividend for the second year in a row, keeping its powder dry for acquisitions. Smith acknowledged this hadn’t played well with retail investors, but said he was “very clear why we’re doing that” and that he had the backing of institutions. Its M&A activity has been slower than anticipated – it changed advisers last year and deals were harder to complete due to a gap between buyer and seller expectations. It has faced the same issue with the two businesses it is selling – Sureserve Fire & Electrical and Precision Lift Services. It recorded a £3.5mn goodwill impairment against the carrying value of the lift business based on the value of offers received. Broker Peel Hunt lifted its earnings per share estimate by 7 per cent to 9.3p. The shares trade at just over nine times this level, well below peers. Buy." |
Posted at 20/12/2022 08:16 by rivaldo The new issue of Momentum Investor is out, so it should be OK to paste their Buy recommendation on SUR from the prior December issue:"Sureserve (SUR) Sureserve expects full year results for the year ended September to be in line demonstrating solid operational performance despite inflationary pressures, which are being mitigated. The order book rose 16% to £585m while net cash was also higher at £23m versus £16.5m in FY'21. Two non-core businesses held for sale are performing well "providing the opportunity to find the right price". Shore Capital says the decision to move from two divisions - Compliance and Energy Services - to one could improve cross-selling opportunities for tackling fuel poverty while performing regulated gas safety audits. For example the recent completion of a solar PV project for the MOD could open up opportunities across the latter's vast estate of military housing and other buildings. After a year of flat performance the shares look cheap on a prospective PE of 8.0 ( FY'23 eps forecast: 9.2p), enterprise value/EBITDA of just 5.3 and free cash flow yield of 7%. I am a buyer." |
Posted at 27/10/2022 13:51 by angersharkz I still don’t have an issue that they revoked the dividend temporarily to help the growth agenda…..is a 1p dividend going to attract flocks of investors to SUR over night? I very much doubt it.I think the issue is that they revoked the dividend so they could focus on cash accretive acquisitions and grow the company…… It’s been almost a year since the dividend was stopped and we haven’t seen any M&A as yet. Surely this is the perfect time to be picking up good companies on the cheap…..while the company has plenty of cash in the bank? I think this will need to be cleared up in the results in January…… |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
