Severfield Share Discussion Threads

[jadeticl3] 17/9/2014 10:13

The trend since Mid June looks very positive. But are they cheap at this price? This price certainly helps after the 37prights issue.

[cockneyrebel] 17/9/2014 09:15

free stock charts from uk.advfn.com

[cockneyrebel] 17/9/2014 09:08

Breaking out on huge volume from yesterday

All imo/dyor etc.

CR

[meijiman] 11/9/2014 09:20

Tks Gargoyle. As per my post 3645 worth having a look at the recent Billington Hdgs interim statement.

[gargoyle2] 11/9/2014 08:47

Couple of articles here worth a read:

[meijiman] 09/9/2014 10:08

Surely there must be a read across to Severfield from the excellent results and share price reaction from Billington Hdgs interims today.
Definitely worth a read if you are looking at trends in structural steel.

[skinny] 02/9/2014 07:58

Annual General Meeting Statement

At today's Annual General Meeting of Severfield plc, to be held at noon at the Aldwark Manor Hotel, YO61 1UF, Chairman John Dodds will make the following statement:

This year Severfield has continued its progress as the UK's market leading steel fabricator, moving further towards the Group vision of being leaders in structural steel, creating a legacy for future generations through world class engineering and design excellence.

During the last year Severfield has delivered substantial operational improvements across the Group and the stabilisation programme is ongoing. Market development in India remains an area of high focus, and the Group is well positioned for the recovery of the UK construction sector, with its market leading position and robust balance sheet. The Group has momentum in delivering against its strategic objectives, with significant prospects for operating margin growth, profit growth, increased revenue and positive cash flow going forward.

Ends

A presentation will be provided for shareholders at the AGM and will then be available on the company website www.severfield.com The presentation contains no previously unpublished information that could be considered price sensitive.

[cojones] 20/8/2014 21:29

evening gucci,
it's good to see a fellow chartist notice the imminent breakout here ;)
After consolidating some time within this year's trading range the chart is now on the cusp of a breakout. recovery here we come.
Good luck all ;)

[gargoyle2] 20/8/2014 16:23

Looks that way, gucci. There's an Edison report out today: Paid for by the company, as far as I know, but worth a read. Still on a heady PE, but coming down rapidly over the next couple of years.

[gucci] 20/8/2014 14:18

heading for a breakout

[jadeticl3] 12/8/2014 09:44

This would be an odd time to ditch Indian JV, just when the Indian economy is turning the corner with new government in control. A year ago it would have made sense.

[itchycrack] 12/8/2014 08:38

I continue to add here from time to time, an excellent recovery play IMHO.

[skinny] 12/8/2014 07:02

Current trading

The Group's performance and underlying financial position are satisfactory and together with a solid order book the Group remains on track for this financial year. The Group has also benefited from the sale of its investment property in June for £3.9m, which was in line with book value.

UK

The UK order book of £171m remains solid and the business continues to show improved stability following the reorganisation in the last financial year. Management's view of the market is unchanged, with continuing signs of improvement, but it remains likely to be later in the financial year before there is any notable impact on the size or mix of the order book.

JSW Severfield Structures Ltd (India)

The business is showing the intended improvement in operational performance for the year to date, with cost savings and improvements in production output both being evident. The order book stands at £34m. The business development programme and improving the conversion of opportunities still remain priorities.

Outlook

The UK business continues to progress well and India is showing encouraging operational improvements with market development remaining an area of high focus. Overall, the Group continues to be ideally positioned for recovery in the UK construction market with its good market position and strong balance sheet.

[jadeticl3] 06/8/2014 14:08

L&G didn't need to buy too many to get above 5% did they, but the fact they wish to go to that level is encouraging is it not?

[meijiman] 30/7/2014 12:33

Thanks -yes hope so. Its on my watch list.

[jadeticl3] 30/7/2014 12:11

I think that some fresh optimism may be due to the expected upsurge in India since their new Government was elected. Hence the JV may contribute to profit rather than being a millstone.

And things are looking better in UK for the types of work SFR hopes to win.

I hope this takes us back to 66p by the end of 2014.

[jadeticl3] 30/7/2014 12:11

I think that some fresh optimism may be due to the expected upsurge in India since their new Government was elected. Hence the JV may contribute to profit rather than being a millstone.

And things are looking better in UK for the types of work SFR hopes to win.

I hope this takes us back to 66p by the end of 2014.

[meijiman] 30/7/2014 12:05

I think this is an interesting story and potentially a good investment around 60p.
however looking at the numbers-broker and Edison and I see that for the year to March 2015 and March 2016 the consensus is a bit over 2p of earnings (2015) and a bit over 3p for 2016. I'm not obsessed with the P&L but I think in this case its a key determinant of value. So its not a buy on those numbers and I assume that management cast an eye over the Edison report. Hopefully there might be upgrades down the track. Any views?

[skinny] 30/7/2014 11:14

Back @60p - previous S/R.