Share Name Share Symbol Market Type Share ISIN Share Description
Severfield LSE:SFR London Ordinary Share GB00B27YGJ97 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +0.37% 68.50p 68.50p 71.75p 68.75p 68.50p 68.75p 9,664 09:23:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 262.2 18.1 5.1 13.4 204.72

Severfield Share Discussion Threads

Showing 4926 to 4946 of 4950 messages
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The summer fall of the franc against the euro has caused a change in unofficial status. The Swiss currency is now "slightly undervalued," says an economist from Pictet Share Tweeter Share For years Switzerland and its National Bank (SNB) have not benefited from such a radiant July. The euro spent a good part of the summer at more than 1.10 francs, even going as far as traveling around 1.15 francs during the first days of August. Exporters blew and the SNB was able to take a break in its interventions. The downward movement of the franc is mainly linked to the strength of the euro. Statistics, prospects and confidence in the recovery are improving and benefiting the single currency. Even if, since Wednesday, the franc has recovered following the renewed tension between North Korea and Washington. As is customary in such circumstances, the franc retains its status as a safe haven. Another perception What is more unusual is that the summer fall of the franc has caused a change in perception. According to the calculations of Nadia Gharbi, economist of Pictet Wealth Management, the franc is no longer "significantly overvalued". It is based on the reference measure, the real effective exchange rate, which measures the value of a currency against the currencies of the largest trading partners. And it notes that the franc has fallen below its long-term trend. The franc would now be "slightly undervalued", she said. "It's a wink. This change is not likely to change the monetary policy of the SNB in ​​the immediate future, the economist tempers. For this, this estimate, valid for the month of August, should persist and be confirmed over the following months. "
The daily buy volume keeps coming in at 74.5 and outweighing the sell volume but the volume is very small. Presumably there's a seller in the background or the spread is just so wide the MM reckon they can sort it out later.
On a lighter note... The Cheesegrater continues to haunt SFR as they put a beam through a window. Are they just taking revenge? hxxp://
Did it really hit 1.16
grupo guitarlumber
Swiss cheesemakers long for a stronger euro By Ralph Atkins, Richard Milne, James Shotter Business ... Open popup to share This content was published on August 2, 2017 9:00 AMAug 2, 2017 - 09:00 Cheese stocked in Etivaz warehouse. Switzerland has imported more cheese than it has exported in some recent months. (Keystone) Stressed are the cheesemakers - Switzerland’s, at least. As the European Central Bank (ECB) lowered interest rates to help the bloc out of its deflationary slump, businesses in neighbouring countries have counted the cost. Its competitiveness wounded by the strong Swiss franc, Switzerland has imported more cheese than it has exported in some recent months - an unhappy state of affairs for producers of Gruyère and Emmental. “It would be great to get back to a reasonable exchange rate,” says Manuela Sonderegger, of Switzerland Cheese Marketing. Now she might be close to getting her wish. With financial markets increasingly convinced that the ECB is moving towards reining in its stimulus programmes, the euro is rising and the Swiss franc has fallen to its lowest level in two-and-a-half years. The acceleration in eurozone economic activity “will transmit itself across Europe”, says Stefan Gerlach, chief economist at EFG bank in Zurich. “I think we’re going to get out of the whole negative interest rate, deflation era pretty soon.” For countries on the fringes of the eurozone, such as Sweden and Switzerland, normalisation cannot come too soon. They - specifically, their central banks - were placed in an invidious position by the ECB’s aggressive tactics to revive the eurozone. Facing the knock-on effects, they had to take even more extreme measures in a sometimes futile attempt to stop their currencies appreciating and hitting exporters. Both the Swiss National Bank (SNB) and Sweden’s Riksbank pushed interest rates deep into negative territory, raising fears of long-term damage to the economy and financial systems. “It becomes very hard when you’re next to such a dominant player. In that kind of environment, the smaller central banks are forced to experiment,” explains Anna Breman, chief economist at Swedbank. In Sweden, the worry has been about an overheating economy. Gross domestic product rose 1.7% in the second quarter, its fastest pace for seven years. House prices have increased by about one-third in the past three years, with record household indebtedness worrying regulators. One top Swedish executive says: “It is utterly remarkable that GDP is growing as strong as anywhere in Europe, unemployment is low, and yet we still have negative rates.” “A lot of people would welcome a rate hike,” says Ms Breman. Switzerland was forced down its own extreme path because of fears that the strength of the Swiss franc would hit growth. Swiss policymakers know that at times of economic uncertainty, the country’s status as an investor “haven” sucks in capital from other countries and puts upward pressure on the franc. The SNB tried to cap the franc to limit its value against the euro but gave up early in 2015. The franc soared even though the bank slashed its main policy interest rate to minus 0.75%. The biggest distortions were felt by Swiss banks, whose profits were eroded. Worse, economists feared that if negative official interest rates meant banks imposed charges on ordinary bank accounts, customers would take their money out, causing a dangerous bank run. That did not happen. Swiss banks instead cross-subsidised retail deposits by expanding mortgage lending. But Swiss bankers warned the situation was fragile and that if the SNB had pushed interest rates deeper into negative territory, the consequences were unpredictable. Inflation has picked up in Sweden and in Switzerland, where it has been negative for much of the past two years, and markets are anticipating rises in policy rates across the continent. Even though the Swiss and Swedish central banks will welcome higher rates, they may still not rush. Riksbank policymakers are wary, remembering how they did so in 2010-11, only to have to cut them again shortly afterwards. The bank’s deputy governor expects quantitative easing to continue into next year. And Stefan Ingves, the Riksbank governor, said that inflation needed to be at or close to its 2% target for longer to justify a rate increase. Switzerland, meanwhile, will want to maintain the differential with eurozone interest rates - so will almost certainly not act until after the ECB lifts interest rates, which might not be until 2019. One Swiss banker says: “The SNB will not be a kamikaze player.” But the eurozone’s recovery means that the Alpine state and other neighbours can at least see the stress starting to ease. Copyright The Financial Times Limited 2017
grupo guitarlumber
Must be something happening behind the scenes. €/swissie now 1.145. At last Switzerland managing to weaken the franc.
Euro / Swiss Franc (EUR / CHF): End of the ball for Swiss cross-border commuters Share with facebook share via e-mail 0 2 28/07/2017 | 4:03 p.m. Since the Swiss National Bank's (SNB) surprise abandonment of the floor (CHF 1.20 for 1 EUR) on 15 January 2015, French residents working in Swiss territory, Swiss border workers, have had little opportunity to complain . Paid in francs and consuming in euros, these privileged beneficiaries benefited from an average increase of more than 10% in purchasing power for more than two years in a single monetary policy decision. However, the situation has begun to evolve since the first round of the French presidential election and the inflation of the single currency which began on 23 April. This week, things are accelerating even suddenly as the Euro progresses by more than 3% in four sessions against the Swiss currency. After falling back below 1.0650 CHF at the peak of the Franc this year, the European currency is now tackling for the first time the gaping hole caused by the controversial decision to abruptly halt a stowage set up in the summer of 2011 A less credible scenario less than a week ago. As a result, strong suspicions weigh logically on the SNB as to this sharp acceleration of the tumble of its currency. The prestigious institution, after having already damaged its credibility two and a half years ago, openly pursues an ultra-interventionist monetary policy characterized by a negative key rate (-0.75%), the weakest of the main economic zones in the world. Its president Thomas Jordan multiplies the offensive output, denouncing tirelessly an overvaluation of the Franc. The health of the Confederation depends heavily on foreign trade and a weak Franc encourages exports. The SNB could have once again participated in the devaluation of its currency, amplifying a global trend by weighing heavily in order books, benefiting from reduced transaction volumes in the summer period, especially during the Asian sessions, and finally benefiting The triggering of a massive concentration of stops above 1.12 CHF, major technical threshold. In front of its trading platform, it is always better to avoid acting with the crowd. However, more than 90% of retail investors, mostly losers in the markets, are still betting on a fall in the EUR / CHF parity in the short term, indicating that the trend has probably not yet reached maturity. On the real life side, feeling the end of the ball approaching, our thousands of cross-border workers are already gray mine in the passenger compartment hundreds of cars daily stuck at the forced passage of the Franco-Swiss customs. This morning, even before parking their car, in most cases in the parking lot of a large Geneva or Basel company, several of them had already realized by listening to the radio from the imminent deadline of a very Exceptional, a context that had absolutely nothing normal. On the other hand, Swiss residents working in France could start rubbing their hands, but because of the large wage differential between the two countries, these five-legged sheep do not really run the streets of East France. Mathieu Burbau
grupo guitarlumber
I concur the order book is not good. However, company has net assets of £154m and a market cap of £226m. Even if I strip out the goodwill on the basis it's of no value, I get net assets of £98m with a profit of £18m a year. And £33m of the net assets are cash so no fancy accounting there. £226m looks cheap and seems to completely ignore India and any recovery at all. It would be my view that the cash will translate into better dividend payments , which is maybe what the market is waiting for as the yield is "only" 3.05%
grupo guitarlumber
The Swiss franc tumbled to its lowest levels against the euro in 18 months
grupo guitarlumber
Ref my previous post 4170. The decrease in order book may be due to normalisation, brexit, election, or them taking their eye off sales when full of work. Pick any one you want! (Winning only 60m in 7 months is a rapid normalisation). UK growth figures for Q1 also lower than envisaged. BILN should release a trading statement in the next few days which may give a clue.
The decrease in order book was flagged as a "normalisation" after some large projects completed, they reiterated that the outlook for earnings was good and tendering levels were robust.
Re my previous post (4171). Does anyone agree that the only cloud in the update was the lower order book? The company gave a reason for this, but the fall from 88p to below 70p indicates that the reason given may not be valid. Still no further information from the company, but the share price has stated to move up. Does anyone know that the fall in reported orders was a blip?
Moving nicely now. Appears to be moving up and no sellers at all ! What a strange concept
Share price appears to have turned over last 48 hours. Finally. I think it's a bit of a battle back to 85 though.
Six months ago I was so optimistic about SFR, and eagerly awaited any announcements to be made by the company, feeling sure that would confirm my bullish expectations. Then the most recent update was almost all bullish, except for the order book--no small thing! Now, as the share price has fallen about 15%, real doubts creep in. We could do with more news. If this is a real problem it appears to have come out of the blue as there was not hint of it until the latest update.
Will be interesting to see the Biln. trading statement (normally out at end of July) to understand if the fall in orders is across the market or just a SFR problem. Could be a minor brexit/election stumble or something more fundamental within SFR. Securing only 60m of new work in 7 months to June, is not good for a company that eats up 260m pa. The sooner a trading statement comes out the better for the shareholders peace of mind.
I am interested to see what happens from here. Someone has been absorbing all the sells every day for a couple of weeks. Today for the first time the bid has popped up a bit and hasn't resulted in more selling (yet). I'm hopeful it will turn back up here and all the weak holders with little conviction are out the way
katie, Quite so; economists rarely get it right. bend1pa, I did NOT mean to say " nothing is certain in the future"; I meant what I did say. I don`t see a falling market as a threat, but as an opportunity to buy more of the companies i like.
Economist rarely get it right when it comes to big advent's like the 2008 crash, and Brexit is another one.
katie priceless
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