Severfield Share Discussion Threads

[hybrasil] 22/11/2016 07:40

What sort of price rise will we see today? Will it end up 70pbid?

[itchycrack] 22/11/2016 07:37

Cracking update!
I've been adding here on and off over the past year in the firm belief this will eventually prove to be an excellent recovery story! So very happy indeed with progress to date :-)

[rivaldo] 22/11/2016 07:22

H1 results are terrific, and most importantly full year results will be "comfortably ahead of expectations":



"I am delighted with our strong performance in the first half, which has continued since the period end. Margins are significantly up, our order book has continued to rise to a six year high whilst our pipeline remains steady. In combination with the strong cash generation in the first half, this has given us the confidence to increase the interim dividend by 40% and we expect profit growth for the full year to be comfortably ahead of expectations."

[hybrasil] 22/11/2016 07:21

Smashing results

[rivaldo] 18/11/2016 10:45

Good news - "ministers pledged to use mostly British steel to build tracks for the HS2 rail link":

[luckymouse] 15/11/2016 23:24

Steel prices climbing significantly

[rivaldo] 15/11/2016 15:09

New recent highs now.

[rivaldo] 14/11/2016 08:16

New tip for SFR....



"An impressive recovery

Looking at other engineering firms, I see shares in structural steel supplier Severfield (LSE: SFR) have also been through some ups and downs of late, though a rally since early July has seen them recover to a loss of 4% over 12 months — but over five years we’re looking at a 39% fall.

Earnings have, however, grown nicely over the past couple of years, and there are double-digit EPS rises on the cards for this year and next. That would give us a forward P/E of 13 for the year to March 2017, dropping to 10.5 on 2018 forecasts — and suggests PEG ratios of 0.5 for the next two years, where around 0.7 or lower is generally considered a good growth indicator.

On top of that, the firm’s dividends, which were curtailed in 2014, have already been reinstated and are set to show some nicely progressive gains — after yielding 2.7% this year, analysts are expecting increases of 23% and then 22% which would take the yield up to 3.7% by March 2018.

In its AGM trading update in September, Severfield told us that its UK order book stood at £268m as at 31 August and had “remained at a very strong level in the period following the EU referendum result“, adding that “Our pipeline of potential future orders has also remained stable with a good balance of work across all key market sectors“.

In addition, an order book of £37m in India apparently “continues to generate an encouraging level of new opportunities amid signs that economic optimism in the country is beginning to increase“.

First-half results should be with us on 22 November, and I’ll be looking for more signs of an impressive recovery."

[grupo guitarlumber] 10/11/2016 07:53

UPDATE 1-SNB to keep up 1 bln Swiss franc payments to government, cantons

(Adds details of payments)

By John Revill

Nov 10 The Swiss National Bank will continue annual payments of 1 billion Swiss francs ($1.02 billion) to the national government and to cantons, according to a new five-year pact announced on Thursday over how to divide the central bank's profits.

According to the new agreement with the country's finance department that runs through 2020, the SNB will make up for any omitted or reduced profit distributions if its distribution reserve is in positive territory.

The distribution will be raised to a maximum of 2 billion francs if the distribution reserve exceeds 20 billion francs, the SNB said.

Under the previous agreement, the SNB usually made an annual pay-out of 1 billion Swiss francs, divvied up between Switzerland's 26 cantons and the federal government.

Normally cantons receive two thirds, with the take divided according to their population size. The money is an important part of many cantons' budgets.

The rest goes towards the Swiss federal government. The SNB also pays a dividend to investors of roughly 1.5 billion francs annually.

The SNB has made large quarterly profits this year, a byproduct of its strategy to weaken the safe-haven franc by buying foreign currencies and foreign assets with francs.
Also In Financials

Thai banks' loan growth seen slowing to 2-3 pct this year - central bank
Hannover RE expects reinsurance markets to be unaffected by Trump - CFO

In the first nine months of 2016, the SNB made a record profit of 28.7 billion Swiss francs, driven by gains on its huge foreign currency holdings and earnings on negative interest rates.

The SNB does not distribute all of its profit, setting aside some cash into a distribution reserve and other money into its currency reserves which are needed for it to carry out its monetary policy.

The central bank is not required to make a profit, with price stability in Switzerland its main mandate. ($1 = 0.9827 Swiss francs) (Reporting by John Miller and John Revill in Zurich; editing by Brenna Hughes Neghaiwi)

[diesel] 03/11/2016 09:12

The Bishopsgate deal has been known about for a few days now, maybe that explains the recent movement. Still need to see the impact the the weaker pound has on costs, but no one can doubt the strength of the deal making here....

[rhomboid] 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...

[hybrasil] 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

[daphe2] 03/11/2016 08:35

We can only hope the share price Follows and that we break 60p and see an upward trend

[rivaldo] 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.

[waldron] 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)

[rhomboid] 27/10/2016 16:03

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.

[meijiman] 27/10/2016 12:18

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.

[steelwatch100] 27/10/2016 11:59

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.

[diesel] 27/10/2016 10:22

The weakness has to be linked with the fall in the pound, raw material costs will hit margins...

[rivaldo] 27/10/2016 10:13

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"

[jaf111] 25/10/2016 14:48

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.

[columbarius] 25/10/2016 14:41

Approval of Heathrow third runway may give this a boost.