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SFR Severfield Plc

68.80
0.60 (0.88%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Severfield Plc LSE:SFR London Ordinary Share GB00B27YGJ97 ORD 2.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.60 0.88% 68.80 467,302 16:35:14
Bid Price Offer Price High Price Low Price Open Price
68.40 69.60 70.00 68.40 70.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Structural Steel Erection 493.61M 21.57M 0.0697 9.99 215.44M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:56:52 O 297 68.803 GBX

Severfield (SFR) Latest News

Severfield (SFR) Discussions and Chat

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Date Time Title Posts
22/4/202407:44Swiss Franc/ Euro Relationship2,890
17/4/202414:48Severfield moves closer4,533
15/6/200709:01Severfield...moving up nicely...latest upgraded forecasts look good23
27/4/200509:37Severfield - The one to go for - set for Ј4.00149

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Severfield (SFR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:56:5368.80297204.34O
15:35:1468.808,1155,583.12UT
15:29:5569.60746519.22AT
15:27:5068.40187127.91AT
15:27:3768.40625427.50AT

Severfield (SFR) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Severfield Daily Update
Severfield Plc is listed in the Structural Steel Erection sector of the London Stock Exchange with ticker SFR. The last closing price for Severfield was 68.20p.
Severfield currently has 309,538,321 shares in issue. The market capitalisation of Severfield is £215,438,671.
Severfield has a price to earnings ratio (PE ratio) of 9.99.
This morning SFR shares opened at 70p
Posted at 17/4/2024 13:55 by diesel
Comfortable results, this company may not set the market on fire but they are solid and making the right strategic decisions and a yield of 7% is almost enough of an attraction. The share buyback is a bit of a surprise and the effect on EPS will also be picked up by inst investors. I agree todays performance might retrace but I stand by my prediction that 60p will be the support level.
Posted at 17/4/2024 07:44 by sausage7
Encouraging announcement this morning. The share buyback is a welcome surprise.
Posted at 20/3/2024 10:19 by wipo1
P/E ratio is about 6 and yield 7 per cent at current price, when is the trading statement out?
Posted at 24/1/2024 09:20 by the grumpy old men
Despite the pain for companies, Switzerland should nonetheless escape relatively unscathed, declared Swiss National Bank President Thomas Jordan on Tuesday.

A stronger franc has helped dampen inflation in Switzerland but has also been painful for domestic companies, according to Swiss National Bank President Thomas Jordan.


This content was published on January 24, 2024 - 08:46

Bloomberg

“The nominal appreciation of the franc has lowered inflation,” Jordan said on Tuesday at a banking event in Brig in southern Switzerland.

“The real appreciation was much lower, but the franc has also appreciated in real terms in 2023. And that hurts, companies feel that,” he said, adding that Switzerland should nonetheless escape relatively unscathed.

“Economists are confident that there won’t be a recession — and we are also confident, otherwise we would forecast one,” Jordan said. “So no recession, just weak growth.”

+ Why is the Swiss franc appreciating so much?

Jordan’s remarks come after the franc recently reached its highest level against the euro in more than two decades. The SNB has allowed some appreciation in a bid to keep inflation in check, but it’s not clear if the central bank remains comfortable with the currency’s persistent strength.

+ Five questions about the Swiss price watchdog’s inflation warnings

Latest available data show that the bank intervened to strengthen the franc through September. The SNB is unlikely to have restarted its purchases of foreign currency to push down the franc, economists at UBS said in a study published on Friday.

Jordan also echoed earlier remarks that the SNB expects Swiss inflation to approach the 2% ceiling of its target range this year, but that it won’t breach that mark until 2026. Economists expect a first SNB rate cut in September.

Bloomberg L.P.




the SWI swissinfo.ch newsletter.
Posted at 15/12/2023 07:17 by ariane
Swiss central bank keeps interest rates on hold


The Swiss National Bank (SNB) is extending its pause in interest rate hikes by keeping the key rate at 1.75% for the second time in a row.

This content was published on December 14, 2023 - 10:55


The SNB made its latest monetary policy decision on Thursday. The central bank had previously increased its key interest rate in five successive steps.

Inflationary pressure has decreased slightly over the last quarter, the SNB said in a communiqué on Thursday. However, uncertainty remains high. It will monitor developments closely and adjust monetary policy “if necessary” to ensure price stability in the medium term.


The possibility of further monetary policy tightening is no longer explicitly mentioned in the communiqué on Thursday. However, the central bank is still prepared to be active in the foreign exchange market if necessary.

In June 2022, the SNB tightened the interest rate screw slightly for the first time in 15 years with a step of half a percentage point, followed by four further interest rate increases until last June.

Since the SNB's last monetary policy assessment in September, inflation in Switzerland has fallen slightly again. Most recently, at 1.4%, it was back within the SNB target range of 0 to 2%.

The US Federal Reserve also extended its interest rate pause the evening before. The same is expected from the European Central Bank, which will announce its interest rate decision in the afternoon.
Posted at 21/11/2023 19:22 by thorpematt
Brucie5,
I have been buying here in the low points and I hold SOM too.

I reckon there are a couple of key subtle differences:

Firstly SOM is a "picks and shovels play" and SFR is more materials and finished product.

Second, margin.
SOM has c. 30% op. margin whilst SFR is much lower. There are similarites in the Quality metrics but again SOM has ROE and ROCE which shouts "effing great moat" all over it. SFR just looks very good.

Now, because SOM's picks and shovels are very expensive (for picks and shovels anyway), they may well be MORE cyclical than the essential products that SFR produce.

I also get Graham (and Paul's) assertion that low margin cyclicals should trade of low PERs (although the divi/ PER calc is bonkers IMO), but I reckon that mostly the products SFR offers are often tied to multi-year building projects. In addition: housing crisis, energy transitition and any form of infastructure (HS2 or released funds from HS2) will need supplying.

Finally, SOM of course is mostly N.America as opposed to SFR UK.

I am in these both becasue they are IMO quality at a discount and I believe they will do well, mid term.
Posted at 21/11/2023 11:48 by brucie5
Anybody willing to compare the merits of SFR and SOM for a value-income recovery? I note Graham's response on Stocko, which counts as two cheers:

"It could be argued that the risks are already priced in at a PER of 7x and I have sympathy for that view. I think I would have to accept that this share was offering deep value if:

PER was 5x or less, or:

Dividend yield was higher than the PER (ideally >10%) and was covered by earnings, or:

The company was materially reducing its share count with a buyback. So I am open to changing my stance on this, depending on the evolution of the company’s profitability, share price and shareholder rewards.
"

But SOM seems to be more highly rated on Stocko's algos while offering more generous dividends. I'm not sure what the latter is likely to be now, and one obviously can't trust the Stocko figure of 16.5%! Did Max has it at around 10%, but I imagine it will vary according to earnings.

Nevertheless, they are both dependent on construction (one on structural steel, the other on high spec concrete laying, I think it's probably fair to compare them? My first sense is that SOM is the more interesting share at the right price.
Posted at 02/11/2023 10:21 by grupo guitarlumber
Swiss inflation holds at 1.7%, boosting case for SNB rate pause


Swiss inflation stalled in October, delaying an anticipated rebound and strengthening the case for Swiss National Bank (SNB) officials to hold interest rates steady when they meet next month.

This content was published on November 2, 2023 - 10:15

Bloomberg

Consumer prices rose 1.7% from a year earlier, matching both the September reading and the median estimate in a Bloomberg survey.

Heating oil and air transport were the main drivers, with women’s coats and imported wine also contributing. At the same time falling costs for hotels, gasoline and vegetables kept price increases in check. Underlying inflation, which strips out volatile elements like energy, jumped to 1.5% from 1.3%, Switzerland’s statistics agency said on Thursday.

After slowing over the summer, the central bank and most economists expect price pressures to amplify over the coming months, setting up the gauge to again touch or even cross the 2% ceiling limiting the range the SNB equates with price stability.

The central bank’s interest-rate aggression might have temporarily damped prices, yet higher costs of electricity, rents and public transport, combined with a boost in value-added tax are driving inflation. Power prices alone are set to rise an average 18% in January.

Economists predict inflation will peak at 2% this quarter, while rate setters see it accelerating to as much as 2.2% in mid-2024. After surprisingly pausing its rate tightening in September, the SNB could therefore opt for another hike in December — a possibility which remains on the table, as President Thomas Jordan reiterated as recently as Wednesday.


Still, Swiss consumer-price growth remains the among the lowest of any advanced economy, showcasing how Switzerland’s strong currency has sheltered it from the ravages of inflation elsewhere.

Euro-area data this week showed price growth dropped to 2.9% there, while based on the European Union’s harmonised measure, Swiss inflation was 2% in October.

--With assistance from Joel Rinneby and Kristian Siedenburg.

swisssinfo
Posted at 28/4/2023 07:20 by florenceorbis
Swiss National Bank to face Credit Suisse and climate protests at fraught AGM
Published Fri, Apr 28 20231:07 AM EDT
Elliot Smith
@ElliotSmithCNBC

Key Points

More than 170 climate activists have now purchased a SNB share. Around 50 will be in attendance on Friday, and activists plan around a dozen speeches on stage at the AGM.


The central bank played a key role in brokering the controversial rescue of Credit Suisse by UBS over the course of a chaotic weekend in March.


Climate campaigner Jonas Kampus told CNBC that activists hope the national focus on the SNB after the Credit Suisse crisis provides fertile ground to advance concerns about climate risk.


The Swiss National Bank will hold its annual general meeting in Bern on Friday against a backdrop of protest over its action on climate change and its role in the emergency sale of Credit Suisse
to Swiss rival UBS

.

The central bank played a key role in brokering the rescue of Credit Suisse over the course of a chaotic weekend in March, as a flight of deposits and plummeting share price took the 167-year-old institution to the brink of collapse.

The deal remains mired in controversy and legal challenges, particularly over the lack of investor input and the unconventional decision to wipe out 15 billion Swiss francs ($16.8 billion) of Credit Suisse AT1 bonds.

The demise of the country’s second-largest bank fomented widespread discontent and severely damaged Switzerland’s long-held reputation for financial stability. It also came against a febrile political backdrop, with federal elections coming up in October.

While the SNB will no doubt face questions and grievances from shareholders about the Credit Suisse situation on Friday, the country’s network of climate activists will also be seeking to use the central bank’s unwanted spotlight to challenge its investment policies.

Unlike many major central banks, the SNB operates publicly-traded company, with just over half of its roughly 25 million Swiss franc ($28.1 million) share capital held by public shareholders — including various Swiss cantons (states) and cantonal banks — while the remaining shares are held by private investors.


More than 170 climate activists have now purchased a SNB share, according to the SNB Coalition, a dedicated pressure group spun out of Alliance Climatique Suisse — an umbrella organization representing around 140 Swiss environmental campaign groups.

Around 50 of the activist shareholders will be in attendance on Friday, and activists plan to make around a dozen speeches on stage at the AGM, climate campaigner Jonas Kampus told CNBC on Wednesday. Protests will also be held outside the event.

The group is calling for the SNB to dispose of its stock holdings of “companies that cause serious environmental damage and/or violate fundamental human rights,” pointing to the central bank’s own investment guidelines.

In particular, campaigners have highlighted SNB holdings in Chevron, Shell, TotalEnergies, ExxonMobil, Repsol, Enbridge and Duke Energy.

Members of a Ugandan community objecting to TotalEnergies’ East African Crude Oil Pipeline, will also attend on Friday, with one planning to speak on stage directly to the SNB directorate.

As well as a full exit from fossil fuel investments, activists are demanding that the SNB implement the “one for one rule,” — a capital requirement designed to prevent banks and insurers benefiting from activities that are detrimental for the transition to net zero.

In this context, the SNB would be required to set aside one Swiss franc of its own funds to cover potential losses for each franc allocated to financing new fossil fuel exploration or extraction.


Ahead of the AGM, the central bank declined on legal grounds to schedule three motions tabled by the activists, and said on Wednesday that it would not comment on protest plans, instead directing CNBC to its formal agenda. Yet Kampus suggested that just the process of submitting the motions itself had helped expand public and political awareness of the issues.

“From all sides, there is public pressure and also political pressure that the SNB needs to change things. At this moment, the SNB is really far behind in terms of their actions taken compared to other central banks,” Kampus told CNBC via telephone, adding that the SNB takes a “very conservative view” of its mandate regarding price stability and financial stability, which is “very narrow.”

The shareholders’ cause is also backed by a motion in parliament, with support from lawmakers ranging from the Green Party to the Centre [center-right party], which demands an extension of the SNB’s mandate to cover climate and environmental risks.

“While other central banks around the world are going well beyond the steps taken by the SNB in ​​this respect — the SNB has repeatedly taken the position that its mandate does not give it sufficient leeway to take climate risks fully into account in its decisions and monetary policy instruments,” reads the motion, filed on March 16 by Green Party lawmaker Delphine Klopfenstein Broggini.


“The present parliamentary initiative is intended to ensure this leeway and to make it clear that the SNB must take climate risks into account when conducting monetary policy.”

The motion argues that climate risks are “classified worldwide as significant financial risks that can endanger financial and price stability,” concluding that it is in “Switzerland’s overall interest that the SNB proactively address these issues” as other central banks are seeking to do.

Kampus and his fellow activists hope the national focus on the SNB after the Credit Suisse crisis provides fertile ground to advance concerns about climate risk, which he said poses a risk to the financial system that is “several times larger” than the potential fallout from Credit Suisse’s collapse.

“We feel that there is also a window of opportunity on the SNB side in that they maybe this time are a bit more humble, because they obviously also have done some things wrong in terms of the Credit Suisse crash,” Kampus said.

He noted that the central bank has always asserted that climate risk was incorporated into its models and that there was “no need for further exchange with the public of further transparency.”
Investor who predicted Credit Suisse decline says Swiss banking model is 'damaged'


“Very central to the SNB’s work is that the public just needs to trust them. Trust is something that is very important to the central bank, and to demand trust from the public without leading up to it or supporting it with further evidence that we can trust them in the long run is quite scary, especially when we don’t know what their climate model is,” he said.

The SNB has long argued that its passive investment strategy, which invests in global indexes, is part of its mandate to remain market neutral, and that it is not for the central bank to engage in climate policy. Activists hope mounting political pressure will eventually force a change in legislation to broaden the SNB’s mandate to accommodate climate and human rights as risks to financial and price stability.

UBS and Credit Suisse also faced protests from climate activists at their respective AGMs earlier this month over investment in fossil fuel companies.
Posted at 19/3/2023 19:43 by waldron
Credit Suisse: UBS finds deal to acquire troubled rival

An agreement shephered by Swiss authorities was found on Sunday for banking giant UBS to buy Credit Suisse, whose share price plummeted this week.

Le Monde with AP
Published on March 19, 2023 at 20h00

Time to 2 min.



Banking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday, March 18.

Swiss President Alain Berset, who did not specify the value of the deal, called the announcement "one of great breadth for the stability of international finance. An uncontrolled collapse of Credit Suisse would lead to incalculable consequences for the country and the international financial system."

Credit Suisse is designated by the Financial Stability Board, an international body that monitors the global financial system, as one of the world’s globally systemic important banks. This means regulators believe its uncontrolled failure would lead to ripples throughout the financial system not unlike the collapse of Lehman Brothers 15 years ago.

Sunday's news conference follows the collapse of two large US banks last week that spurred a frantic, broad response from the US government to prevent any further bank panics. Still, global financial markets have been on edge since Credit Suisse's share price began plummeting this week.


The 167-year-old Credit Suisse already received a $50 billion (54 million Swiss francs) loan from the Swiss National Bank, which briefly caused a rally in the bank's stock price. Yet the move did not appear to be enough to stem an outflow of deposits, according to news reports.

Still, many of Credit Suisse's problems are unique and do not overlap with the weaknesses that brought down Silicon Valley Bank and Signature Bank, whose failures led to a significant rescue effort by the Federal Deposit Insurance Corporation and the Federal Reserve. As a result, their downfall does not necessarily signal the start of a financial crisis similar to what occurred in 2008.

The deal caps a highly volatile week for Credit Suisse, most notably on Wednesday when its shares plunged to a record low after its largest investor, the Saudi National Bank, said it wouldn't invest any more money into the bank to avoid tripping regulations that would kick in if its stake rose about 10%.
Read more Article réservé à nos abonnés Credit Suisse plummet forces Swiss regulators to quell stock market panic

On Friday, shares dropped 8% to close at 1.86 francs ($2) on the Swiss exchange. The stock has seen a long downward slide: It traded at more than 80 francs in 2007.

Its current troubles began after Credit Suisse reported on Tuesday that managers had identified "material weaknesses" in the bank’s internal controls on financial reporting as of the end of last year. That fanned fears that Credit Suisse would be the next domino to fall.

While smaller than its Swiss rival UBS, Credit Suisse still wields considerable influence, with $1.4 trillion assets under management. The firm has significant trading desks around the world, caters to the rich and wealthy through its wealth management business, and is a major advisor for global companies in mergers and acquisitions. Notably, Credit Suisse did not need government assistance in 2008 during the financial crisis, while UBS did.

Despite the banking turmoil, the European Central Bank on Thursday approved a large, half-percentage point increase in interest rates to try to curb stubbornly high inflation, saying Europe’s banking sector is "resilient," with strong finances.

ECB President Christine Lagarde said the banks "are in a completely different position from 2008" during the financial crisis, partly because of stricter government regulation.

The Swiss bank has been pushing to raise money from investors and roll out a new strategy to overcome an array of troubles, including bad bets on hedge funds, repeated shake-ups of its top management and a spying scandal involving UBS.

Le Monde with AP
Severfield share price data is direct from the London Stock Exchange

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