Severfield Share Discussion Threads

[ashbox] 10/4/2014 23:01

Over 30 million shares after hours late trades. That's over 30% of the company isn't it? Surely that must be approaching takeover territory if it is one buyer??

Edit: was using advfn financial data which I think is pre rights issue so my percentages above are incorrect. Still a large tranche of shares!

[ashbox] 09/4/2014 16:01

Some large increases in holdings RNS's today......

[cojones] 18/3/2014 12:46

good luck on your future purchases young man ;)

[pj 1] 18/3/2014 12:24

It wasn't a criticism just an observation, this is on my watch list so there are some good points too!!!

As you ask I have bought 2 Companies who's share price was falling and were bound to recover.

AEX and Jessops

Enough said...

[cojones] 18/3/2014 12:05

pj, would you buy a stock whilst its being kicked in the nuts or do you buy when news is already out and the bulls are all over it.
Everyone has their angle in promoting/destroying a share. I prefer to be bold and naked with every action and not surprised in the slightest to get a reaction here ;)
gluck

[pj 1] 18/3/2014 11:51

Its sure looking Bearish since November, your 'strategy' is way too Risky for me

[cojones] 18/3/2014 11:15

could be heading for the 50p if all goes well. If it does i will quadruple my holding and it will become my largest and imo ....most secure holding! Bring forth golden opportunities!!
good luck all

coj ;)

[cojones] 14/3/2014 14:47

anyone manage to top up on that dive? ....i did!! haha good luck all ;)

[gargoyle2] 08/3/2014 10:00

Contract win noted here -- may have been reported before:

[jadeticl] 22/2/2014 11:43

This company's shares crossed the 50p barrier in July last year and have remained in the 55-65p region for most of the last 7 months--which is not bad considering the Rights Issue issues!

Indian JV not looking very exciting, but UK at last looking as though it could begin to move in the right direction. I need a price of 66p to break even on all the SFR shares I have bought over a span of 15 years.

[waldron] 21/2/2014 16:42

ZURICH--The Swiss National Bank needs to maintain its 1.20 Swiss franc-per-euro floor as the Swiss currency remains too strong, Fritz Zurbruegg, a member of the central bank's governing board, said in a newspaper interview published online Friday.
"The floor remains an indispensable instrument," Mr. Zurbruegg told the French-language Le Temps newspaper. "Even at 1.22 or 1.23, the franc remains overvalued."
The Swiss central bank cut interest rates to near zero in August 2011 in an effort to stem the rise of the Swiss franc, which is often seen as a safe haven during times of economic uncertainty. A month later, the SNB imposed its floor to curb the franc's relentless appreciation against the currency of its main export market and prevent the Swiss economy from tipping into recession.
Mr. Zurbruegg said the continued strength of the franc meant the floor remains an "appropriate and important" tool.
Mr. Zurbruegg also said Swiss banks Credit Suisse Group and UBS AG maintained risk-weighted asset capital adequacy ratios that were above the international average. However, the banks fell below the international average when measured by their leverage ratio, a measure of the capital banks set aside against their assets.
He said the SNB is working with the Swiss Financial Market Supervisory Authority, the country's financial markets regulator, to standardize methods the banks use for calculating the risk-weighted asset capital adequacy ratios, which are adjusted to reflect the level of risk associated with the different assets on a bank's balance sheet.
Write to Marta Falconi at [e-mail]

[peterclo] 14/2/2014 08:54

Positive sounding news for the UK by the sounds of it.

[skinny] 14/2/2014 07:04

Severfield-Rowen Plc, the market leading structural steel group, issues its Interim Management Statement covering the period to 13 February 2014.

Current Trading

The Group's trading performance and financial position for the year continue to be in line with management expectations.

UK

The UK order book of £172 million remains stable and at a level with which management is comfortable. The UK business is showing much greater stability following the completion of the reorganisation undertaken in the last calendar year. The operational improvement programme continues to make good progress, supporting management expectations that margins will continue to recover over the next two years even without any upturn in the UK market.

The UK market continues to show signs of improvement. This is particularly evident in the pipeline of potential orders the business is seeing, though it is likely to be well into the next financial year before this starts to have any notable impact on the size or mix of the order book.

JSW Severfield Structures Ltd (India)

The Indian market continues to be difficult and is likely to remain so at least until after the forthcoming elections in May 2014. In the meantime, the focus remains on strengthening the commercial focus of the business and managing costs tightly. The order book level of £32 million remains stable, but as highlighted previously, needs to be significantly higher to maintain break-even production levels in the factory.

Outlook

The UK business continues to strengthen and perform in line with management's expectations. While India remains challenging, senior management is focused on improving the situation both commercially and operationally. Overall, the Group is ideally positioned for recovery in the UK construction market, with its improving operations, good market share and strong balance sheet.

[gargoyle2] 12/2/2014 14:26

Looks like Aviva still offloading here. A juicy 1,000,000 share buy at 60p today hasn't even moved the price.

[gargoyle2] 04/2/2014 05:59

Hold recommendation from Cannacord Genuity yesterday (although with a target price of 60p, I don't know why they bothered):

[mickharkins1] 23/1/2014 07:38

Thanks CR - doesn't look quite so cheap to me now!

[cockneyrebel] 23/1/2014 07:20

£183m mkt cap according to Proquote.

CR

[mickharkins1] 23/1/2014 07:01

ADVFN mentions the market cap as 55 mio, however, can someone confirm my understanding that, following the rights issue, it is actually 179 mio? Thanks

[itchycrack] 16/1/2014 09:57

SFR needs the commissioning of large infrastructure projects to really start moving as this is really where its primary business lies, e.g. they did the Emirates stadium, the sliding roof at Wimbledon, etc. (i.e. the bigger projects).
When these large projects get announced and SFR get the contract for the steel work, I'm sure we'll see the price respond. Until then I'm affraid its likley to just drift sideways.

[jadeticl3] 16/1/2014 09:49

These shares are stuck around 62p having risen well from their rights issue price. But recently many other shares have responded well to the improved financial situation in general, with SFR not moving higher. Any views on this?

[ivancampo] 02/1/2014 08:57

Tipped:http://www.yorkshirepost.co.uk/business/business-news/small-is-beautiful-for-investors-with-faith-1-6345559

[tiger20] 17/12/2013 16:15

Morelarge trades today moved the share price 4% up