Severfield Share Discussion Threads

[fangorn2] 18/6/2015 13:45

@Jade,

They're certainly looking perkier than last year yes...but have you seen how far they've fallen - and as Thorne says, there's that dilutive 7 for 3 rescue raise.

Doubt we'll see the previous share price highs ever myself.

[thorne1] 18/6/2015 10:31

The reason why the share price has not moved is because the company's market capitalisation of £207m at 70p per share already discounts a very significant recovery.The thing to remember is that in March 2013 the company suffered an extremely dilutive 7:3 rescue rights issue at 23p per share such that previous share price highs are unlikely to be reached again even with a total recovery in profits.Although I would expect the share price to edge up to say 80p over the next few months and to double possibly over 3 years the rate of ascent will be mitigated by the veritable avalanche of sales by those institutions that bought at 23p.Sorry to pour cold water on the situation but these are the facts.

[jadeticl3] 17/6/2015 21:53

If you are rightFangorn2, in saying steel market nowhere near recovery, then SFR must have improved for another reason because these results do show a significant improvement on last year, don't you agree?

I would settle for a share price above 74p for now--just twice the post-rights price.

[fangorn2] 17/6/2015 20:11

Are you? Why?

Many sitting here from quite a while ago I suspect....ie pre profits warnings
Steel market nowhere near to recovery.

[cc2014] 17/6/2015 19:38

Surprised there isn't more interest in this stock

[roddiemac2] 17/6/2015 18:21

Leaner and keener now, they should benefit from increased levels of activity in UK construction. The Indian JV will take longer , but could be dynamic in a few years time. The move away from concrete construction to steel will gather speed .

[cc2014] 17/6/2015 13:33

Well I liked them. Sometimes the institutions just take a little time to act.

[rafieh] 17/6/2015 08:12

Decent figures. Ready to break out of 2-year range.

[cojones] 15/6/2015 16:15

final results on wednesday and an anticipation of improvements all round! Last smidgen of a chance to topup before the share price rises beyond the 80s ;)
gluck all

[jadeticl3] 03/6/2015 12:58

Steady rise moving to recent highs. Things are looking better for a company priced at 37p after the Rights Issue.

[waldron] 31/5/2015 08:49

ALL FOR ONE AND ONE FOR ALL

WELL LOVED BY SWISS FRANC EARNERS

NOT SO MUCH BY SWISS FRANC DEBTORS


ENJOY YOUR DAY AND WEEK

TAKE CARE

[tomkin] 31/5/2015 08:21

( and hovering just below parity looks a little contrived too :-) )

[tomkin] 31/5/2015 08:19

Schwiiz tips into recession, but it's not as bad as the SNB had envisaged so despite pressure unlikely that cap will be reinstated soon.

But they can change their mind whenever they want :-)

[waldron] 31/5/2015 07:47

The Swiss franc is too strong but should weaken, the Swiss National Bank's chairman has told a Swiss newspaper, adding that the bank was ready to intervene in foreign exchange markets if necessary, to influence the currency.

"The franc is significantly overvalued and should therefore weaken over time," Thomas Jordan said in a discussion with readers of Schweiz am Sonntag, according to an article due to be published in the newspaper on Sunday.

"In addition, we have emphasized we will become active in foreign exchange markets if required," Jordan said.
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The SNB abruptly abandoned a 1.20 francs per euro cap on Jan. 15, sending the currency soaring and raising concerns about Switzerland's export-reliant economy.

It has replaced the cap with negative interest rates and a charge on major cash deposits held with the central bank.

The Swiss franc closed at around 1.034 per euro in European trade on Friday.

(Reporting by Alice Baghdjian; Editing by Crispian Balmer)

[jadeticl3] 23/5/2015 09:51

I am much more hopeful than that. My timescale is 5years for obvious benefit.

[itchycrack] 22/5/2015 22:18

India is a long term play IMHO, playing out over the next couple of decades.

[jadeticl3] 22/5/2015 21:59

"India we are told is coming right".
Where were we told this, please?
My understanding is that the general climate for business in India was expected to improve dramatically under the new President. However he has now been in office a year and improvements are much slower than hoped. This is not to say SFR's venture will not improve, rather that the general climate has not yet helped as much as I hoped. India watchers are still confident that the climate WILL improve soon.

[thorne1] 22/5/2015 13:00

My view is that with continued low interest rates and the Conservative victory, confidence in the construction markets serviced by SFR can only increase.The London office market where there is a major shortage of stock will be particularly buoyant over the next few years for example.All this demand is now gradually beginning to feed through and will impact very favourably on the bottom line as a result of the company's high level of operational gearing.India we are told is also coming right.The company's problem in share price terms is that the rescue rights issue of a few years ago was extremely dilutive with the result that the company's performance has taken some time to "grow" into the share price.That threshold is in my opinion about to be crossed.The next 5 years could be quite rewarding.

[steelwatch100] 21/5/2015 21:08

Just completed a review of private sector steelwork companies' recent results to understand the sector and the vast majority indicate a positive movement in earnings 2014/5.

SFR results due out shortly, has there been some leakage? or some positive news elsewhere ie cheesegrator?

[cojones] 21/5/2015 10:54

about bloody time!

[jadeticl3] 21/5/2015 10:11

I am not speaking chartist language, but in my terminology we do have a breakout. The rise is uncharacteristic for SFR, such that I have been searching for an explanation. I have found nothing yet. Today the list of buys is impressive with no sells, although the scale of buying is not massive.

What could explain this?

[sspurt] 21/5/2015 08:10

Do we have a breakout?

[skinny] 06/5/2015 07:15

Notice of Final Results

Severfield plc, the market leading structural steel group, will announce its Final Results for the period ended 31 March 2015 on Wednesday 17 June 2015.

A briefing for analysts will be held at 9.00 a.m. on Wednesday 17 June at Bell Pottinger's offices, 6th Floor Holborn Gate, 26 Southampton Buildings, WC2A 1AH