Severfield Share Discussion Threads

[sven2006] 24/9/2013 11:00

Boguth a few more this morning.

[skinny] 17/9/2013 16:34

67p on the offer quite a bit this afternoon - although not hit.

Increasing volume and now not looking so over bought.

[napoleon 14th] 17/9/2013 11:42

I agree, Brucie.

For those of us who use TA for guidance.
RSI is high (hinting "overbought") which the rising MACD can mitigate.
However, a golden cross could be forming on current trends, which augurs well.

[brucie5] 16/9/2013 15:07

There are so many great charts atm. Question is how many to buy into, or which to focus on. SFR does indeed look like a reversal, but would be good to see support at the 200sma.

[henley2] 16/9/2013 13:50

Chart looks great and a great UK recovery play especially now the balance sheet has been repaired.

[skinny] 16/9/2013 12:55

Another tick up, albeit on low volume.

[gucci] 11/9/2013 15:14

looking good

[skinny] 11/9/2013 15:00

5 month high @60p

[dewtrader] 11/9/2013 10:30

creepeth up again

[dewtrader] 11/9/2013 10:25

Starting to motor

[napoleon 14th] 19/8/2013 16:18

Ex-shareholder here from '05-'07 days.
Interested, but without a bid it'll be a long haul.

[bluesbeater] 16/8/2013 08:50

An interim statement and no immediate large share drop. Things are looking up!

[skinny] 16/8/2013 07:06

The Group's overall trading performance for the year to date remains in line with management expectations. The Group's borrowings are also in line with expectations following the completion of the Rights Issue in April.


UK

The reorganisation of the Group's Severfield-Watson Structures business is now substantially complete. The Group has successfully achieved the anticipated savings and made good progress with the associated operational improvement programme.

The UK order book of £178m is slightly lower than that previously reported, but it remains at a level that management is comfortable with, given the current state of the UK market, the capacity reductions being implemented within the business, and the Group's more selective approach to securing work. There are early signs that the market may be marginally improving into 2014.


JSW Severfield Structures Ltd (India)

The primary focus in India continues to be on the commercial development of the business and conversion of the market from concrete to steel. While progress is encouraging, the order book level of £34.8m is not yet sufficient to maintain production at a break-even level. The factory expansion is almost complete and the increased capability will play an important role in the continuing business development process.


Outlook

While short term challenges remain, the Group is making encouraging progress with its operational improvements, supported by a strong balance sheet, and is maintaining its market position. Management is confident that the Group is progressing in line with its expectations and will be well placed to benefit from any recovery in the UK construction market.

-Ends-

[skinny] 24/7/2013 10:33

Over 800K block buys @ 57p this morning.

[skinny] 23/7/2013 11:57

5 month high @57p

[meijiman] 11/7/2013 11:48

Billington flying again!

[damanko] 10/7/2013 13:55

M- absolutely no offence taken.

I'll be here in a year or two (health permitting.....).

We'll see what that time frame brings. I reckon good things.

Go well etc.

D