Severfield Share Discussion Threads

[4spiel] 19/12/2014 10:06

I bought 500 recently with a view to holding them for some time. The last results and lower oil price influenced me. Also that the company have new contract wins.

[scottishfield] 18/12/2014 13:34

in this morning despite no divi!

[bluesbeater] 18/12/2014 13:26

Be nice to get back to the days of the 10p divi! Probably going to take a few years, but quite conceivable.

[scottishfield] 18/12/2014 08:59

tks skinny, considering an investment here.

[skinny] 18/12/2014 08:58

Correct - from last months interims.

"Dividend

Consistent with previous statements, no interim dividend is being declared. The board remains committed to reinstating the payment of dividends depending on continued improvement in the financial performance of the business."

[scottishfield] 18/12/2014 08:53

not paying divi currently bluesbeater, is that correct?

[bluesbeater] 18/12/2014 07:50

Cant remember the last time we had an announcement like this. Severfield have been content to update the order book over recent years. This looks as if they want to approach the market with a more upbeat style of PR and good for shareholders too.

[skinny] 18/12/2014 07:06

SEVERFIELD SECURES CONTRACT WINS WORTH £43 MILLION, INCLUDING ANFIELD STADIUM DEVELOPMENT

Severfield plc, the market leading structural steel group, announces that its operational momentum continues by winning six new contracts, worth £43 million.

Contract highlights

· Appointment as the steelwork contractor for the expansion of Liverpool Football Club's Main Stand and associated improvements, supporting Carillion Plc;
o Work on the project, which will add c. 8,500 seats to the Main Stand and increase the overall capacity of Anfield Stadium to c. 54,000, and is scheduled for completion in Q3 2016

· Five other contracts including:
o 3 commercial office developments in London;
o A major distribution centre in the Midlands; and
o A waste-to-energy plant in Dublin

[itchycrack] 11/12/2014 19:25

Well if I knew that I'd be the world's first trillionaire! :-)
Its more likely to be 101p than 199p I think, slow and steady progress I hope.

[jadeticl3] 11/12/2014 17:08

And does your research, ItchyCrack, indicate it will be 101p or 199p next year?

In other words will it make up lost ground and move on from there, or struggle to get anywhere near the 140p level next year?

[itchycrack] 11/12/2014 16:20

I personally would ignore any recommendations from any broker, investment house etc. They are paid to be positive, they are salesmen! Enough said. You can't beat doing your own research IMHO. I personally believe we will see the price back over 100p+ next year (IMHO).

[jadeticl3] 11/12/2014 14:21

Wynmck, in your experience has Jeffries been a reliable target setter??? I would rather they say up than down, but their view counts for little. The only forecasts I believe are those who say Liverpool will not win The Champians league cup!

[wynmck] 11/12/2014 09:59

Jeffries reiterates Buy today and increases tgt price to 71p(66p)

[gucci] 26/11/2014 11:39

on the move

[sspurt] 25/11/2014 13:01

Suspect the outlook statement is holding a lot back, particularly on margin improvements. When margin changes happen the rate of change is consistently underestimated.

[bluesbeater] 25/11/2014 08:47

,happy with these results

[itchycrack] 25/11/2014 08:13

Nice slow recovery. Things are gradually improving.

[skinny] 25/11/2014 07:06

Highlights

§ Underlying* profit before tax of £3.0m (2013: £1.4m)
§ Improvement in UK underlying* operating margin to 3.7% (2013: 2.5%), in line with expectations
§ Continued focus on UK operational improvement programme, reflected in increased margin
§ Share of losses from Indian joint venture of £0.3m (2013: £1.3m loss) reflecting good production levels and the benefits of the ongoing operational improvement plan
§ Strong first half cash performance, with period-end net funds of £7.3m (31 March 2014: £0.3m)
§ UK order book of £185m at 1 November 2014 (1 May 2014: £168m), reflecting strong order intake and increase in general market activity
§ Over 70 projects undertaken during the period in key market sectors:
- Infrastructure: rail, transport and bridges; and
- Commercial property: office developments, stadia, warehouses and distribution centres
§ India order book of £38m at 1 November 2014 (1 May 2014: £41m)
§ Successful completion of new £25m revolving credit facility until July 2019

[jadeticl3] 06/11/2014 16:48

I hope you are right Itchy, but sometimes when something goes wrong all parties suffer. We don't need this at a time when things are beginning to look more hopeful. I need these to get to 65p to break even, and they are in my top three shareholdings.

[itchycrack] 06/11/2014 16:12

Its a non-issue for SFR, British Land are at fault here, poor quality control.

[jadeticl3] 06/11/2014 16:07

Thanks Skinny, that confirms my fear when I read that article. It does not appear to have done great damage to the share price yet, but not much went right with that contract.

[jadeticl3] 06/11/2014 10:17

Were SFR involved in the supply or build of the London Cheesegrater?

[skinny] 05/11/2014 07:15

Severfield plc, the market leader in structural steel, will announce its Interim Results for the period ended 30 September 2014 on 25 November 2014.

A briefing for analysts will be held at 9.00 a.m. on 25 November at Bell Pottinger's offices, Holborn Gate, 330 High Holborn, London, WC1V 7QD.