Severfield Share Discussion Threads

[jonwig] 24/9/2010 10:47

That's what I thought ... maybe more in India and Mid-East, where that sort of thing is highly prized!

[jadeticl] 24/9/2010 10:18

This kind of publicity should help. If they were to win that would be better!

[jonwig] 23/9/2010 16:54

Severfield-Rowen is one of Britain's top 10 Mid-Cap Businesses

23 September 2010

North Yorkshire's Severfield-Rowen Plc has been announced as finalist in the Grant Thornton Mid-Cap Business of the Year Category, part of the National Business Awards . .

Download article here:

[churchtower] 22/9/2010 14:56

Just a reminder ex dividend date now one week away - " an interim dividend of 5.0p per ordinary share will be paid on 22 October 2010 to shareholders on the register on 1 October 2010. The ex-dividend date will be 29 September 2010."

[losos] 22/9/2010 13:54

jonwig - I was thinking the same thing this morning when I saw the story on Sky News, but as jadetici has said, there must be a lot of bridges in India, if only half of them fall down there will be plenty of work for Severs & Co lol.

[jadeticl] 22/9/2010 09:22

But if most of their bridges fall down first time and need to be rebuilt this should be good for steel constructors--and especially good for erectors who get it right first time e.g. SFR.

[jonwig] 21/9/2010 17:40

Sorry for the ghoulish note, but the Indian construction sector looks as though it could do with a bit of *professional* input:

[don_king] 13/9/2010 23:01

what cash do they have and debt?

[don_king] 13/9/2010 22:19

whats there dividends history

[losos] 08/9/2010 16:17

jadetici - My opinion FWIW is that there is no avoiding hard times in UK in 2011 and I am hoping that the Indian JV might bring good news next year (I say this despite my general sceptiscism of joint ventures)

Yes I really do feel that any half decent upturn in business and the economy in general will have to wait until 2012. Governments here (and in most other countries) can only do so much to 'kick start' things, confidence needs to return big time and there just seems to be little of that about just now.

[jadeticl] 08/9/2010 10:57

How long before we can expect any sustained upward movement in SP? Will that be driven by recovery in Europe? This looks as though it may be 2012 rather than 2011 but things can change quickly. Or will it be good news on Indian JV? THis may be earlier than UK upturn.

[alphorn] 06/9/2010 19:25

Becoming a problem.

[josels] 04/9/2010 14:14

this looks like it is in a downtrend
it will make a great buy
I have no position at the moment, sold some months back at current price

[jadeticl] 03/9/2010 12:26

Press reports and Analyst comments are very variable as expected. Some see great underlying value on the basis that when the upturn comes this will be worth much more; others look much shorter term and see no immediate improvement so suggest time to sell. Take your pick. I will hold, and add if it falls too far. I was expecting a windfall from a takeout in one of my other shares, when SFR was 150p. I wanted to put it all into SFR at that price. However, the takeout dragged on so long that the price had risen to 0ver 220p. If SFR falls back that far I will spend the money.

[losos] 31/8/2010 12:32

jonwig - "Yorkshire Post - as usual - gets close to the centre with this article, which adds a lot to yesterday's statement"

Thanks for posting that, very informative and as you say it fills in the gaps from the Int.Statement, sometimes I think the regional business reporters have a better view than all the city pundits (ha ha) I visualise the Yorkshire Post reporter being your typical Yorkshire man !!! Salt of the earth, not that I have any connections with Yorkshire whatsoever :-)

[jonwig] 27/8/2010 17:28

edmund - this is the first time (AFAIK) that Edison has covered SFR. They often start with a 'flash note' and follow up in due course, so maybe they will do proper coverage after the year end.

Notice they have picked up some of the same material as the Yorkshire Post - BSF ending being positive for SFR and three competitors jacking in, for example. There was a briefing in London straight after the H1 results, of course.

[edmundshaw] 27/8/2010 16:38

Just a quick review by Edison. Not saying anything unobvious really, but showing earnings picking up a bit next year, and commenting on the underlying strength of SFR's market position, and the good potential in the medium term (i.e. no quick recovery in margins and earnings).

Nothing to disagree with really. Not even any in-house earnings projections or analysis, but nice to see the market consensus displayed.

[jonwig] 27/8/2010 08:50

SFR has splashed out some money on a paid-for note by Edison:

[edmundshaw] 26/8/2010 17:59

Thanks jon.

Going down the food chain might partially explain the drop in margins.

Sooner or later a recovery will pull this stock right back where it was (and probably beyond, given competitor removal and the indian JV, created without any dilution). Recoveries ALWAYS follow recessions (except when civilisations get wiped out or conquered!), & there are ALWAYS people who don't believe it will happen.