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SFR Severfield Plc

54.80
-3.00 (-5.19%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Severfield Plc LSE:SFR London Ordinary Share GB00B27YGJ97 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00 -5.19% 54.80 55.20 56.40 60.00 55.00 60.00 433,980 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Structural Steel Erection 493.61M 21.57M 0.0697 7.89 170.25M
Severfield Plc is listed in the Structural Steel Erection sector of the London Stock Exchange with ticker SFR. The last closing price for Severfield was 57.80p. Over the last year, Severfield shares have traded in a share price range of 49.30p to 76.20p.

Severfield currently has 309,538,321 shares in issue. The market capitalisation of Severfield is £170.25 million. Severfield has a price to earnings ratio (PE ratio) of 7.89.

Severfield Share Discussion Threads

Showing 4601 to 4624 of 7800 messages
Chat Pages: Latest  192  191  190  189  188  187  186  185  184  183  182  181  Older
DateSubjectAuthorDiscuss
03/11/2016
09:07
I think the issue is most Fund Managers are London based , metropolitan elite members if you like, voted for Remain and see Brexit as bad news for construction & housebuilder stocks in spite of the gathering weight of positive contradictory news flow. They see only doom and gloom and ignore such stocks irrespective of positive news flow. At some point the penny will collectively drop and the current misspricing of such stocks will rapidly disappear to our benefit. In the meantime enjoy the "Sale" prices...
rhomboid
03/11/2016
08:55
It just goes to show how lack lustre the stock market is.
An rns like that and only £5k worth of shares traded

hybrasil
03/11/2016
08:35
We can only hope the share price Follows and that we break 60p and see an upward trend
daphe2
03/11/2016
07:19
RNS - great to see the big 22 Bishopsgate win, as well as a number of others totalling £72m:



The UK order book was already at around "its highest position for over six years" at £268m, so this should take it to even higher levels.

rivaldo
02/11/2016
08:48
Swiss franc jumps as Trump worries hit markets

Nov 2 The Swiss franc traded at its strongest in a month against the dollar and in more than four against the euro on Wednesday as investors worried at the prospect of a Donald Trump presidency sought out traditional safe havens for capital.

The franc has gained steadily in the face of a broadly weaker dollar over the past week and in early European trade climbed another 0.4 percent to 0.9719 francs per dollar, a gain of almost 3 percent in the past week.

Against the euro, it gained around a quarter of a percent to 1.0754 francs, its strongest since the aftermath of Britain's vote to leave the European Union in June.
PUBLICITÉ
inRead invented by Teads

Currency markets' other traditional safe haven of choice, the yen, was also up around a third of a percent against both the euro and dollar in early trade in Europe, just off highs hit in Asian trading. (Writing by Patrick Graham; Editing by John Geddie)

waldron
27/10/2016
15:03
I looked at William Hare's accounts and they earn tiny margins , they also seem to be doing a lot more business off the same capital structure which seems a risky move given how tiny their margins are.
rhomboid
27/10/2016
11:18
The previous ceo nearly wrecked the company -it had to be rescued by an emergency rights issue. Its amazing how many of these clowns seem to get new jobs.
meijiman
27/10/2016
10:59
I agree this is great news.

Any fears of material price increases catching them out should not materialise as they would have either a) priced them in and fixed with suppliers, or b) there will be a price adustment formula to reflect any fluctuations in the contract.

They are a much more professional team than before when the shard caused them so many problems. The previous CEO responsible for that was a little loose, and he has turned up @ William Hare!!

They seem much tighter on their financial / commercial control now.

steelwatch100
27/10/2016
09:22
The weakness has to be linked with the fall in the pound, raw material costs will hit margins...
diesel
27/10/2016
09:13
SFR have already flagged Heathrow (or Gatwick - doesn't matter which as long as the decision process moves forward), Hinkley Point, HS2, CrossRail, the new Spurs stadium etc as important projects for them, so the stream of positive news on all of these has to add to encouraging sentiment here even if all of them are on different and varying timetables.

Excellent news here:



"Severfield to Replace William Hare on 22 Bishopsgate Project
24 Oct 2016

Severfield has been lined up by Multiplex to replace William Hare on its 22 Bishopsgate project.

William Hare was previously in line to build the 62-storey tower steelwork, but main contractor Multiplex has now made the decision to go with Severfield for the job.

It is believed that Severfield is set to begin work in mid-December, subject to final contracts being agreed.

etc"

rivaldo
25/10/2016
13:48
you surely don't think that today's 'approval' of 3rd runway actually changes anything.....to quote the BBC

Heathrow expansion has been in a holding pattern over west London for decades, and confirmation that the UK's largest airport has been given the go-ahead to build another runway does not necessarily guarantee its arrival any time soon.

jaf111
25/10/2016
13:41
Approval of Heathrow third runway may give this a boost.
columbarius
24/10/2016
14:43
The overall index is holding its high level. Today Begbie. Traynor says business is holding up well in the 3 months following the referendum. SFR appears well placed to recover but Rivaldo's hope of moving from 60s to 70s was not achieved, rather a fall to lower 50s.
Why are we revisiting this downside?

jadeticl3
12/10/2016
22:21
The Government has now approved the £56 billion HS2 project - and industry is pushing for British steel to be used:



SFR have already noted HS2 as a "Major UK pipeline project" in their presentations, along with Hinkley Point, CrossRail, Heathrow etc.

rivaldo
28/9/2016
06:30
Canaccord have a Buy and an 80p target here:
rivaldo
20/9/2016
13:33
Into the 60p's now - let's hope for the 70p's soon then :o))
rivaldo
19/9/2016
20:10
prob goto 70s now
luckymouse
16/9/2016
09:44
Yep - only last month the CEO said re Hinkley:

"The next big ones for Severfield are the currently paused Hinkley Point power station (“it’ll happen when it happens”), and the third runway. Frankly he doesn’t care whether a new runway is built at Heathrow or Gatwick — he just wants politicians to say yes"

SFR must be in prime position for work on this enormous project.

rivaldo
15/9/2016
10:08
Hinkley goes ahead, worth keeping a close eye on SFR. Not a holder yet.
owenski
08/9/2016
11:07
Cash in a box catches on as Swiss negative rates bite

07/09/2016 By Le News Leave a Comment

Brought to you by Investec Switzerland.

It’s a sign the world is getting used to negative interest rates when what once seemed bizarre starts looking like the norm.
© Robyn Mackenzie | Dreamstime.com

© Robyn Mackenzie | Dreamstime.com

Consider Switzerland, where more and more companies are taking out insurance policies to protect their cash hoards from theft or damage.

“Because of the low interest rate level, we note increasing demand for insurance solutions for the storage of cash,” said Philipp Surholt at Zurich Insurance Group AG, among underwriters reporting a surge in such requests. “We’re seeing demand for coverage for sums ranging from 100 million to 500 million francs.”

The Swiss National Bank imposed sub-zero rates in early 2015, effectively charging banks for excess deposits. Many lenders including UBS Group AG and Credit Suisse Group AG have passed on at least some of the burden — they don’t disclose how much — to cash-rich clients like asset managers and big companies.

While the central bank is seeking to rein in the franc, negative interest rates have side effects that over time could outweigh the benefits. That risk may be on the minds of SNB officials when they meet next week for their scheduled quarterly monetary policy review. Economists expect they will keep the rate steady at minus 0.75 percent, the lowest among major central banks.

“The SNB’s dilemma is that it can’t make everyone happy,” said Alexander Koch, an economist at Raiffeisen Schweiz. “In its attempt to get the best deal for the Swiss economy, it also has created losers and collateral damage.”

Helvetia Holding AG said it charges about 1,000 francs ($1,020) a year to insure 1 million francs, a fraction of the 7,500 francs a company would pay to park the same amount in a bank for a year — assuming the lender passes on the full charge. But that amount doesn’t include the cost of logistics such as transport or security features like reinforced walls, guards and alarm systems.

Companies need to save a lot on bank fees for cash storage to be economical because, in addition to insurance, they have to assume the costs of managing the money, said Roberto Brunazzi, a spokesman for Baloise Holding AG. He said the company has long offered such coverage “but there has been a noticeable increase and now it’s becoming more commonplace.”

Switzerland’s continued use of high-denomination banknotes adds to the appeal of self-storage: About 1 million francs worth of 1,000-franc bills can fit in a small box.

The SNB’s rate applies to sight deposits — cash that commercial banks hold at the central bank — that exceed 20 times a bank’s required minimum, an amount set by the SNB and that varies from lender to lender. Private banks, which have lower thresholds because they are less active in lending, exceeded their exemption limit almost from the start. For other bank categories, deposits stayed either under or just above the threshold for much of last year.

By Jeffrey Voegeli (Bloomberg)

waldron
07/9/2016
14:17
Great interview with the CEO - encouraging stuff:



"Deals for Wimbledon and Tottenham Hotspur give bosses confidence

BRITAIN’S largest steelwork contractor has seen orders hit a six-year high with bosses predicting its fruitful haul will provide a post-Brexit tonic.

Severfield has hailed its resilience against EU referendum challenges, saying contracts for sports stadiums, retail centres, industrial sites and road and rail improvements provide fertile ground for growth.

Earlier this year, Severfield, based at Dalton Airfield Industrial Estate, near Thirsk, North Yorkshire, revealed it would supply steel for Tottenham Hotspur’s new 61,000-seat football stadium and a roof for Wimbledon’s No 1 tennis court.

However, Ian Lawson, chief executive, told The Northern Echo the business, which previously worked on Wimbledon’s Centre Court roof and Heathrow Airport, was primed to go further.

He said its order book, which stood at £268m at August 31, typified its market strength, adding officials were bidding for further work.

Mr Lawson said: “I’m pleased with how the year is going.

“The order book is at a record high for the last six years and what is pleasing is that we have not seen any fall-out from Brexit.

“The order book and pipeline of opportunities is looking very positive and, at the moment, we are really optimistic about the remainder of this year.

“We are probably in a better place than I thought we would be after Brexit; we are very busy.

“In terms of what we can see, the next two to three years look very positive.

“If we were to have any caution (because of Brexit) it is going to be 2017-2018 or 2018-2019 but we cannot predict what might happen.”

Mr Lawson said the company, which previously worked on The Shard, London 2012 Olympic venues and the Gateshead Millennium Bridge, was benefiting from strong demand.

He also said Severfield’s Indian division, founded as a joint venture in 2009, was beginning to find its feet, with orders of £37m tipped rise as the country’s economy improves.

He added: “There is a lot of opportunities with industrial distribution sheds at the moment and also extensions of the big shopping centres or new ones.

“In India, we think we’ve got the business to a level where it is stable and can move forward.

“There is a lot of foreign investment going into the country and we’re hopeful we can benefit from that.”

Earlier this year, Severfield revealed it wanted to double profits after securing its Tottenham and Wimbledon deals and revealing revenues for the year to March 31 were up 19 per cent to £239.4m.

At the time, Mr Lawson confirmed the business would continue using UK steel on its contracts.

Severfield previously used Tata Steel’s Long Products division to fulfil contracts.

Mr Lawson said that arrangement wouldn’t change in light of Long Products’ takeover and subsequent renaming as British Steel by new owner, Greybull Capital, saying Severfield remains committed to the UK supply chain. "

rivaldo
06/9/2016
09:06
Yes bought on the bell - a new stock for me

Cracking balance sheet - only slight concern is pension deficit as far as I can see

SJ

sailing john
06/9/2016
08:50
New recent highs now and stretching upwards.
rivaldo
06/9/2016
06:29
Excellent AGM statement today - looks really solid, with the order book increasing slightly overall to £305m. H1 results are coming on 22 November:



"Outlook

With its strong order book, continuing profit improvement programme and our ability to work across a wide range of market sectors, including infrastructure, the UK business is well placed to continue to meet expectations. The Indian business continues to perform steadily and is well placed to benefit from any improvement in the Indian economy. Overall, the Group is on track to progress as expected over the remainder of the financial year."

rivaldo
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