Severfield Share Discussion Threads

[roddiemac2] 14/1/2013 09:48

ItchyCrack -----Directors buying and selling has indeed been a very reliable indicator, in the main.

[itchycrack] 11/1/2013 13:42

The time to get really excited is when Directors start buying again - this has been a very reliable indicator in the past.

[zeuseq] 11/1/2013 13:34

130-140p looking very achievable in the v near future. Those pesky shorts must be getting v nervous.

[zeuseq] 09/1/2013 15:31

Nice breakout

[fangorn2] 08/1/2013 12:46

Mr Peter Emerson, Chief Operating Officer and Director of Severfield-Rowen Plc has advised the Board of Directors of his intention to retire from his current roles upon his landmark 60th birthday on 5 June 2013.

[zeuseq] 08/1/2013 12:43

Looks like the share price is breaching the 50dma, market rally could see 140p v.soon especially if the next update confirms we are back on an even keel. 200p might not be wide of the mark in 12 months.

[waldron] 05/1/2013 10:35

Investors Net Long Euro for First Time since August 2011
PrintAlert
Speculative investors turned positive on the euro this week for the first time since August 2011, U.S. government data showed Friday.
Investors held a net long euro position--or positions that would benefit if the euro rose against the dollar--of $845.5 million as of Jan. 2, according to the Commodity Futures Trading Commission's weekly report on the commitments of traders.
It was the first time since Aug. 2, 2011, that the majority of bets in the futures market favored a rise in the euro.
Driving the now positive positioning for the euro is a rise in pro-euro bets in recent weeks, while investors have generally maintained their antieuro positions. Total open short euro positions have fallen just 5% over the past month, compared with a 70% jump in total open long euro positions in the same period.
The new pro-euro bets have come as concerns about an imminent debt crisis in the euro zone's most fiscally vulnerable countries faded, in part thanks to a debt buyback plan in Greece that met the target set by its creditors in early December.
Meanwhile, investors pared back bets that the yen would drop against the dollar. The net yen short position fell to $11.6 billion, down 8% from the previous week.
While the reduction in yen shorts could be the result of investors taking profits on existing antiyen positions, speculators are still betting heavily for the yen to decline. Expectations are high for aggressive monetary easing from the Bank of Japan after Prime Minister Shinzo Abe and his Liberal Democratic Party were officially sworn into office last week. Mr. Abe has advocated radical measures to boost Japan's lagging economy and stem the yen's strength, including unlimited money-printing and negative interest rates.
On Friday, the dollar jumped to its strongest level against the yen in 2 1/2 years, trading above 88 yen in the spot trading market for the first time since July 2010.
Overall, investors increased their short dollar positions to $10.8 billion, up 41% from the previous week.
The report tracks the movements of speculators on the Chicago Mercantile Exchange. Although a small part of the global currency markets, these investors' positions are considered indicators of trading among investors like hedge funds. The CFTC's weekly report shows investors' open positions in futures contracts in major currencies held against the dollar.
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[zeuseq] 03/1/2013 15:11

As I thought resistance around 50dma, hoping for a pull back as funds now available to top my holding up as new mkt highs are predicted for early next year.

[zeuseq] 27/12/2012 14:00

Right on the 50dma now, a breakout and,..200dma is c.147p so plenty of upside to go, as always timing is everything but just maybe the bottom is in.

[zeuseq] 27/12/2012 13:52

And today, has the worm turned. I guess it could be the recovery story of 2013.

[jonntara] 21/12/2012 20:52

Quite a nice pleasing rise today. Anyone got any idea on the cause or was it just someone with deep pockets deciding it was oversold?

[waldron] 19/12/2012 09:15

Swiss Central Bank Seeks 24-Hour Franc Control Via Singapore
Text Size Published: Tuesday, 18 Dec 2012 | 4:52 AM ET Twitter
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Altrendo | Getty Images The Swiss National Bank is opening a branch in Singapore to allow for round-the-clock management of its foreign exchange reserves, which it needs to tap to defend the safe-haven franc from over-heating.


The SNB, which imposed a 1.20 per euro limit on the soaring franc in 2011 to prevent a recession and deflation, has had to intervene heavily to keep the lid on the currency, swelling foreign exchange reserves to 72 percent of national output.

"A local presence will allow the SNB to extend its coverage of markets in Asia, and will facilitate its round-the-clock operations on the foreign exchange market - for example, to enforce the minimum exchange rate," it said in a statement.

The SNB said the move also came against the backdrop of attempts to diversify its investments, currently largely held in highly-rated government debt in euros, dollars and pounds sterling.

Its holdings of other currencies - including Swedish and Danish krona, Australian and Singapore dollars, and South Korean won - rose to 4.2 percent of its portfolio in the third quarter from 3.4 percent the previous quarter.

An easing of market tension in the euro zone since September has seen the franc weaken towards 1.21 per euro, stemming the need for the SNB to intervene and allowing it to diversify out of euros.

"Further investment opportunities are also being examined - this includes both bonds and equities," the SNB said on Tuesday. The SNB increased its equity holdings to 12 percent in the third quarter from 10 percent.

The central bank said at its quarterly monetary policy meeting last week it was determined to keep a lid on the franc, adding the diversification of its foreign currency investments was its sole means of reducing exchange rate risk.

The SNB said it chose Singapore to set up its branch - set to open in mid 2013 with seven staff members - because it was one of the largest financial marketplaces in the region and close to a number of emerging economies.

[waldron] 18/12/2012 12:16

Swiss Growth Seen To Quicken to 1.2%
PrintAlert
ZURICH--The Swiss economy will expand slightly next year as robust domestic consumption offsets the negative impact of the European Union recession on the Alpine country's export industry, according to the latest forecasts from the KOF economic institute.
Switzerland's gross domestic product is projected to rise 1.2% in 2013, from an estimated 1% this year, while both inflation and unemployment will increase modestly, KOF said Tuesday. It previously forecast 1.3% growth next year. KOF didn't give any reason for the slight change to the growth forecast.
"Despite the introduction of the Swiss central bank's floor of 1.20 francs per euro in September last year, many people assumed the still overvalued franc would manifest itself in falling exports and rising unemployment," the institute said.
However while the pace of Swiss export growth has slowed over the past year, "the feared drop in exports and rise in joblessness haven't materialised," it said.
The Swiss rate of unemployment has held below 3% through most of the year, although it did tick up to 3.1% in November, while the rate of export growth is seen stagnating at around 0.4%, KOF said.
"The global economy will gradually recover after the winter months, helped by further relaxation of monetary policy in the U.S. and Europe and the stimulus measures in China," KOF said.
This outlook is broadly in line with both the Swiss government and the Swiss National Bank, which last week again vowed to defend its euro-franc floor and kept key interest rates near zero.
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[zeuseq] 17/12/2012 12:31

Merry Xmas.

[harry hedge funds] 17/12/2012 08:49

Should holders be concerned with a further deterioration in trading and ramifications with net debt being close to half the mkt cap, will a rights issue be needed if trading takes another leg down and falls into losses? Begs the question what are the debt to earnings covenants.

[fangorn2] 17/12/2012 08:22

JO Hambro Capital raises stake to 12.17%

[edmundshaw] 08/12/2012 14:02

Sounds sensible on a long view. Good luck. I will wait a bit longer myself...

[jonntara] 06/12/2012 17:45

Dipped my toe in today at 85.5. Sometimes get involved with procurement of steelwork myself. Went around their plant a couple of years ago and it is easily the best in the UK.

Quality company hammered by economic cycle and with profit further dampened by some one-off's. As the steelwork market goes down the pan I am pretty sure they will be amongst the last ones standing and should then be able to increase their margins. I will still be holding in two or three years and don't mind waiting until then. If the price goes down further I may get some more.

[zeuseq] 06/12/2012 16:27

Not looking good today,.. or for the past 12 months come to think of it.

[owenski] 29/11/2012 18:15

Moving down at last, still pricey, imo, looking at 50 - 60p??? Wasn't impressed with forward looking on last statement.

[zeuseq] 29/11/2012 15:28

A major concern would be if a customer was to get into difficulty and if it was a trade debtor to SFR. Through my rose tinted specs the future still looks bleak.

Will the proverbial 3rd bus be coming around the corner in due course?

[gswredland] 29/11/2012 10:20

Looking from the sidelines too