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SOM Somero Enterprise Inc.

335.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 335.00 41,974 16:35:20
Bid Price Offer Price High Price Low Price Open Price
335.00 345.00 342.50 335.00 335.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:20 UT 100 335.00 GBX

Somero Enterprise (SOM) Latest News

Somero Enterprise (SOM) Discussions and Chat

Somero Enterprise Forums and Chat

Date Time Title Posts
22/3/202412:09SOMERO - laser guided construction equipment3,705
31/7/202319:06SOMERO - laser guided construction equipment18
10/1/201418:33Somero - Laser-guided construction equipment92
26/2/201307:28somero sales up 47%-
09/1/200912:39Time to buy SOM and tuck away ????15

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Somero Enterprise (SOM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:35:20335.00100335.00UT
16:29:41343.505,50018,892.50O
16:05:45338.06245828.23O
15:49:53339.003,33011,288.70O
15:49:41338.003,33011,255.40O

Somero Enterprise (SOM) Top Chat Posts

Top Posts
Posted at 31/1/2024 09:23 by alotto
Pireric, I would share your concern if Somero did not pay dividends. But lets assume Somero fails to achieve significant, interest discounted growth. As a steady dividend payer, for a shareholder growth will come from the reinvested dividend (whether in Somero or whatever else stock of your choosing). The dividend is quite high here, the company has no debt.
Posted at 31/1/2024 07:33 by eggbaconandbubble
I am always of the opinion that with such a good product line, niche market and incredibly naive attitude to overseas markets, SOM must be a prime target for a takeover bid.
Posted at 20/12/2023 15:00 by rcturner2
I think 450p is about fair value for Somero, so there is a reasonable short term aim of 400p to 450p.

SOM is the oldest share in my portfolio, with my original purchase at 230p. Very solid and well run business.
Posted at 20/12/2023 14:53 by chashley1806
Or, is the perma-threat of a recession now lifting? Have noticed that, with the news today of UK inflation falling sharply with the prospect of interest rates following suit, most of my shares in my portfolio have rallied.As SOM is a cyclical stock, I suspect it is benefitting from this long-overdue good news on the wider economic front. Of course, if the prospects of SOM are also improving in its own right, so much the better.For the record, am a long-term holder of SOM which I have long regarded as being under-valued. My hope is that the recent rally marks the turning of a long-overdue corner
Posted at 21/11/2023 07:19 by alotto
Uhound the issue is that when a company pubblishes financial results the share price can rise quite sharply. Also you get no warmings if a takeover is underway.
I regret buying at 400p thought, I wouldn't have known the price would drop this low.
Posted at 04/7/2023 05:42 by alotto
For some time I held shares in a company called iEnergizer (IBPO).
At some point I sold it since I didn't like how they refinanced their debt.
Not long after they announced they were delisting. The share price tanked from 400p to about 50p. Some speculators made good money on the volatility that followed but most investors were forced to sell at a loss, for a number of reasons.
Sort of got the idea that a company can go for voluntary delisting at any moment, especially if they don't benefit significantly from being listed.
Posted at 03/7/2023 13:39 by alotto
Yes, I am surprised how much of a hit Somero took, despite the recent results were encouraging as well as the macroeconomics. I feel it will take one more year of pain to see the next set of results and hopefully an improvement in the share price.
Something I have pondered recently: does Somero really need to be listed, since they do not seem to be in need to raise capital on the exchange
Posted at 21/6/2023 18:47 by eezymunny
alotto

I never said SOM is in any danger this time. They´ve built a cash pile to protect themselves when things get ugly. In 2007 revenue was 66m and in 2010 it had shrunk to 21m. When capital is scarce/expensive for building projects times will be hard for SOM. A similar drop in turnover (to $30-40m) would leave SOM nursing heavy losses...and a share price that begins with a 1 IMO.

If you can´t see a recession coming you´ve got a rose-tinted telescope strapped to your head.
Posted at 27/4/2023 02:27 by gnome3
Alotto,
Yeah, I hear what your saying about the cyclical nature of the sector, but how much of this is actually reflected in Somero's business? There was the same assumption when Covid hit until it turned out that Somero's business was far more resilient than the small investor had assumed. Paul Scott mentioned this on Stockopedia and questioned whether the company should be on a higher rating to reflect the undoubted quality of the business. Looking at Caterpillar in the US, they havn't been subjected to the extreme drawdowns that Somero has. I guess it comes down to liquidity and the relative influence that the small investor has on the Somero share price. C'est la vie. More patience required I think.
Posted at 25/6/2022 19:47 by kenmitch
Mr T

The simple fact is that none of us can know what the share price would have done without buybacks so we can never claim they worked. But we can claim they didn’t work when, as with Whitbread, a £2.5 billion buyback is done at high prices never again reached and so big capital loss for shareholders supposedly rewarded by those buybacks.

E.g would Whitbread share price have fallen even more but for the buybacks. Or would Apple, Microsoft etc have done just as well or even better without buybacks? It all comes down to investors buying and selling. When shares are being priced by market makers etc no consideration is given as to whether or not that Company has bought back their shares. In falling markets Companies that have bought back heavily see their share prices fall just as much or more than Companies that did not buy back. And commentators never suggest in falling markets that Companies buying back should see better support than those that didn’t.

As for Next, I agree that as they have bought back a huge number of their shares, and because they will only buyback when they consider their share price is cheap it is likely that the Next share price is higher than it would have been without their buybacks. But even Next have bought back at share prices far higher than the current price.

Admittedly it was years ago, but Morgan Stanley did very detailed research on the effectiveness of buybacks and found that time and again Companies that bought back, subsequently saw their share prices underperform others in their sector that did not buyback.

Finally to your Apple, Microsoft example. They too bought back at the peak of the bull market and ahead of heavy recent tech sector falls. Indeed buybacks peak near the top of bull markets and there are far fewer when markets are cheap.
Somero Enterprise share price data is direct from the London Stock Exchange

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