Severfield Share Discussion Threads

[sspurt] 14/6/2017 09:52

Drop in order book was flagged by management (big peak back end last year was a known) who appear to be relaxed re UK pipeline. If anything consensus 2018 forecast profits could go up a tad. No new concerns here for me.

[rhomboid] 14/6/2017 09:38

I'm holding all mine, the order book quality as well as quantum is key & the way they're boosting margins is very impressive. The HS2 and nuclear prospects are meaningful too so my guess is turnover from here on will rise slowly but margins will outperform , EV is 12 or 13 which is value and the signs are that India is starting to be more successful and a source of upside going forward. Weak currency should give a tailwind to the export business too

[fizzypop] 14/6/2017 09:12

Sold my entire holding - better prospects elsewhere.

[owenski] 14/6/2017 09:00

My thoughts too Rivaldo, it looks expensive.

[katie priceless] 14/6/2017 08:35

I thought they were going to release the results at 8.30 this morning ? thought it was a bit strange.

[rivaldo] 14/6/2017 08:34

I sold out this morning post-results (with some difficulty over a number of tranches).

There is good news. Cash generation is great, and the divi is better than expectations too. Plus India is finally doing well, and will be boosted by the debt repayment.

But the large decline in the UK order book was a big negative surprise. And EPS was slightly below consensus.

Forecast EPS growth of 8%-9% per annum is pretty uninspiring for the next two years (forecasts are unchanged from Singer this morning).

It's been a great, highly profitable run, but my feeling is that the upside for the near future isn't particularly worthwhile, especially with that declining order book and the shares being reasonably highly rated. Whereas the market could either take against the falling order book, or SFR's sector might stagnate in the current political environment. In which case there's possible 20% or so downside.

Good luck all.

[owenski] 14/6/2017 07:35

Operationally they've made good progress especially by increasing margin via efficiencies and bringing external production finishing in house - super business.

India looking better and set to contribute - looks like improved and more visible upside here than downside.

Don't know how the market will price this as order book looks weak.

[gswredland] 14/6/2017 07:08

Looks excellent on a superficial reading. Hopefully a re rating after this statement

[gswredland] 13/6/2017 16:56

Hopefully this share price move in the last few hours bodes well for tomorrow

[huttonr] 09/6/2017 15:18

useful little plunge this morning - it seemed overdone so I bought a few more, not at the bottom, unfortunately. I just hope the results next week justify my optimism.

As for the election results - I wonder how long May will survive - unfortunately there don't seem to be any capable alternatives - it does remind me of Jim Hacker from 'Yes, Minister'

[gswredland] 08/6/2017 19:06

Thanks fizzy

[fizzypop] 08/6/2017 17:55

Finals next Wed 14 June.

[blp2] 08/6/2017 10:53

In my opinion the present share price represents a buying opportunity.

[katie priceless] 08/6/2017 10:38

Not excellent about the share price

[crazycoops] 02/6/2017 17:55

That's excellent news about the CEO

[gswredland] 02/6/2017 12:41

Very disappointing since I bought several months ago. Will await results...

[blp2] 01/6/2017 19:47

CEO now out of hospital and on the road to recovery.
Our best wishes Ian.

[crazycoops] 01/6/2017 18:03

Results are in a couple of weeks and we already know they will be good due to TU. CEO health maybe an issue though.

[jadeticl3] 01/6/2017 17:58

No news from company so folk not sure if the high rating is justified??

[katie priceless] 01/6/2017 14:37

Why the drop back to 82

[maroni tony] 10/5/2017 21:31

Loads of good stuff here. Grapevine whisper, SFR order book to full to the end of 2018. The big projects haven't really kicked off yet.

[rivaldo] 09/5/2017 11:59

Good news....



"Spurs stadium gets green light for more seats
8 May 2017 | By Louise Dransfield

Tottenham Hotspur has received approval from Haringey council to increase the capacity of its new £800m stadium......

......The team building the stadium includes main contractor Mace, which has been working at the site since spring 2015 with Arcadis as the cost consultant, steelwork contractor Severfield....."