Severfield Share Discussion Threads

[itchycrack] 11/7/2014 08:37

I have been adding over the past couple of weeks.

[skinny] 11/7/2014 07:18

Jefferies International Buy 56.50 56.50 58.00 66.00 Upgrades

[huttonr] 11/6/2014 11:20

It certainly seems to have triggered a number of PI trades.
Perhaps other people are cottoning onto the idea that Severfield may (might?) be actually going to be making money?

[cockneyrebel] 11/6/2014 11:11

Interesting 1.2m trade

CR

[jadeticl3] 11/6/2014 10:41

I bought my first tranche of these about 18 years ago so I have seen them move up and down, in good times and bad. Until recently (last 2 years) I believed the company was always sound and share movement only reflected the background economics. However, mistakes were made in the recent past, and this now may have to include the Indian JV, but I think these mistakes are in the past and we can move on to better times ahead. The current share price, although well below the recent peak of about 66p is still well above the Rights Issue price of 37p.

[itchycrack] 10/6/2014 19:57

Lets hope history repeats itself! :-)

[meijiman] 10/6/2014 17:13

Well then see Itchy post of 3 June. Think you are right. Ironic that if it were not for India the share price would be north of 60p.The bull points outweigh the negatives here in particular alot of rival capacity has left the market.

[johnsoho] 10/6/2014 16:13

Watched these for a while now and the recent Directors purchase have encouraged me to buy my first, fairly small, tranche; I think this company is in the early stages of a recovery phase. NAI, dyor etc and good luck to all holders

[rivaldo] 03/6/2014 10:16

I hope people realise the m/cap here is around £164m, and not the £49m shown in the ADVFN thread header....

It made my assessment of the company's value and prospects rather different :o))

[itchycrack] 03/6/2014 10:12

Best to wait for Director buying - this has proved the best guide to share price performance in the past.

[jadeticl3] 03/6/2014 09:33

Awaiting Edison's update on these results. Will they change their projections and if so in which direction.

[skinny] 03/6/2014 07:00

Highlights

· Underlying* profit before tax of £4.0m (2013: £21.5m loss)
· UK underlying operating margin (before JVs and associates) recovery to 3.3% (2013: -6.0%)
· Share of losses from Indian joint venture of £3.0m (2013: £0.3m loss)
· Period end net funds position of £0.3m (31 March 2013: £41.2m net debt)
· Further restructuring of largest business, Severfield-Watson Structures, concluded successfully
· Operational improvement programme progressing well and continuing
· UK order book steady at £168m at 1 May 2014 (1 November 2013: £172m)
· India order book of £41m at 1 May 2014 (1 November 2013: £34m)

[roddiemac2] 21/5/2014 21:32

The psychology behind name changes is questionable . There was nothing wrong with the original name.

I remember when the new management of Bulgin changed the name to Elektron (EKT).
They then spent years ruining the company . One shareholder has recently started legal action against the management .

[ashbox] 15/5/2014 16:45

'The Board believes the name change simplifies and modernises the Company's proposition across the full spectrum of its stakeholder universe and reflects the strength of the overall brand'.
Now that definitely looks like a statement that was lifted from a branding consultants (expensive) report!

[skinny] 07/5/2014 12:33

Severfield-Rowen PLC

07 May 2014

Severfield-Rowen Plc

Notice of Final Results

Severfield-Rowen Plc, the market leading structural steel group, will announce its Final Results for the period ended 31 March 2014 on Tuesday 3 June 2014.

A briefing for analysts will be held at 9.00 a.m. on Tuesday 3 June at Bell Pottinger's offices, Holborn Gate, 330 High Holborn, London, WC1V 7QD.

-Ends-

[gargoyle2] 02/5/2014 15:38

New note from Edison:

[meijiman] 24/4/2014 22:18

Fair enough.Pricing got out of kilter at end though-probably losing money on some contracts.

[jadeticl3] 24/4/2014 21:41

To be fair the idiot who ran then company before him did a good job for quite some time.

[meijiman] 24/4/2014 16:31

I hope the ceo does not fritter away any more money on this sort of exercise. He should spend time winning orders and making sure they are priced correctly -unlike the idiot who ran the company before him.

[ashbox] 24/4/2014 15:56

Share price looking perky today, I guess the new corporate stationary must have arrived.....

[huttonr] 24/4/2014 09:13

re rebranding - I think the 'experts' confuse the brand value on consumer items such as Apple, with the value on firms such as Severfield which have a very restricted audience of companies to whom they could supply. Also, possibly a somewhat gullible audience when they are presenting to the board of directors?

[dogray123] 22/4/2014 09:37

After a in-depth analysis they change the name from severfield-rowan
to severfield,how much will that cost?

[waldron] 11/4/2014 08:25

Swiss National Bank officials will defend their cap on the franc for at least another year as they endure pressure from potential policy easing in the euro area to investor demand for safe assets, economists say.

No respondent in the Bloomberg Monthly Survey predicted that the SNB will allow the franc ceiling of 1.20 per euro to lapse in 2014. The poll of 21 economists found that eight see the SNB doing so in 2015, while six see the ceiling expiring in 2016 and two in 2017.

The Zurich-based central bank set the minimum exchange rate in September 2011 to protect the Swiss economy from the risk of deflation and a recession after haven flows pushed the two currencies near parity. SNB President Thomas Jordan affirmed last month that the cap will remain necessary for the foreseeable future, citing increasingly slack consumer price growth.

"The fact they've cut their inflation forecast once again, not only for this year but also for 2015, is surely a sign that they don't feel the slightest urge to do anything with the cap anytime soon," said Martin Gueth, an economist at LBBW in Stuttgart. "Given they haven't had to intervene to defend it of late, they're in a relatively comfortable position."

Last month, the SNB cut its inflation forecast and now predicts consumer prices will stagnate this year, with inflation of just 0.4 percent in 2015.

Strong Franc
The franc was overvalued by 12 percent in February, according to an SNB gauge. The Swiss currency's persistent strength has been questioned even by the SNB, Board Member Fritz Zurbruegg said in February, highlighting that he had expected a depreciation.

The franc traded at 1.2178 at 6:33 a.m. in Zurich today. Against the dollar it stood at 87.65 centimes.

More than half of the economists in a second survey of 30 said the risk of a setback to the euro area's recovery kept the franc strong.

While the 18-nation currency union has returned to growth, euro-area inflation is at the weakest in more than four years. European Central Bank President Mario Draghi said last week that he has "unanimous" backing from policy makers for unconventional measures if needed. The SNB's governing board has repeatedly said it is prepared to take supplementary measures should appreciation pressure on the franc return.

"The market isn't banking on a collapse of the euro, but there are still risks in the euro area," Gueth said. "I think that many in the market just say they'll stick with their franc positions given that they cost hardly anything."

Concerning what sort of a strategy the SNB might pursue when it finally does decide tighter policy is warranted, Zurbruegg in February referred to the cap the SNB set against the German mark in 1978, pointing out it had never formally been lifted. Manuel Andersch, an economist at Bayerische Landesbank in Munich, says he thinks the SNB will pursue a similar policy for the current ceiling.

"We don't expect that the SNB will ever officially announce an end to its cap on the Swiss franc," Andersch said. "They will rather conduct an exit through the back door by scaling back references to the cap."

To contact the reporters on this story: Catherine Bosley in Zurich at [e-mail]; Joshua Robinson in London at [e-mail]

To contact the editors responsible for this story: Craig Stirling at [e-mail] Zoe Schneeweiss, Kevin Costelloe