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SFR Severfield Plc

60.00
2.20 (3.81%)
Last Updated: 08:00:13
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
  2.20 3.81% 60.00 58.00 59.80 60.00 60.00 60.00 100 08:00:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Structural Steel Erection 493.61M 21.57M 0.0697 8.29 178.91M
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 £178.91 million. Severfield has a price to earnings ratio (PE ratio) of 8.29.

Severfield Share Discussion Threads

Showing 4926 to 4946 of 7800 messages
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DateSubjectAuthorDiscuss
28/7/2017
09:51
I concur the order book is not good.

However, company has net assets of £154m and a market cap of £226m.

Even if I strip out the goodwill on the basis it's of no value, I get net assets of £98m with a profit of £18m a year. And £33m of the net assets are cash so no fancy accounting there.

£226m looks cheap and seems to completely ignore India and any recovery at all.

It would be my view that the cash will translate into better dividend payments , which is maybe what the market is waiting for as the yield is "only" 3.05%

cc2014
28/7/2017
08:20
The Swiss franc tumbled to its lowest levels against the euro in 18 months
grupo guitarlumber
27/7/2017
18:34
Ref my previous post 4170.
The decrease in order book may be due to normalisation, brexit, election, or them taking their eye off sales when full of work. Pick any one you want! (Winning only 60m in 7 months is a rapid normalisation).
UK growth figures for Q1 also lower than envisaged.
BILN should release a trading statement in the next few days which may give a clue.

steelwatch100
27/7/2017
14:38
The decrease in order book was flagged as a "normalisation" after some large projects completed, they reiterated that the outlook for earnings was good and tendering levels were robust.
rhomboid
27/7/2017
13:48
Re my previous post (4171). Does anyone agree that the only cloud in the update was the lower order book? The company gave a reason for this, but the fall from 88p to below 70p indicates that the reason given may not be valid.
Still no further information from the company, but the share price has stated to move up. Does anyone know that the fall in reported orders was a blip?

jadeticl3
27/7/2017
10:24
Moving nicely now. Appears to be moving up and no sellers at all !

What a strange concept

cc2014
14/7/2017
10:44
Share price appears to have turned over last 48 hours. Finally.

I think it's a bit of a battle back to 85 though.

cc2014
11/7/2017
10:29
Six months ago I was so optimistic about SFR, and eagerly awaited any announcements to be made by the company, feeling sure that would confirm my bullish expectations. Then the most recent update was almost all bullish, except for the order book--no small thing!
Now, as the share price has fallen about 15%, real doubts creep in. We could do with more news. If this is a real problem it appears to have come out of the blue as there was not hint of it until the latest update.

jadeticl3
10/7/2017
19:10
Will be interesting to see the Biln. trading statement (normally out at end of July) to understand if the fall in orders is across the market or just a SFR problem.
Could be a minor brexit/election stumble or something more fundamental within SFR. Securing only 60m of new work in 7 months to June, is not good for a company that eats up 260m pa.
The sooner a trading statement comes out the better for the shareholders peace of mind.

steelwatch100
04/7/2017
09:43
I am interested to see what happens from here. Someone has been absorbing all the sells every day for a couple of weeks. Today for the first time the bid has popped up a bit and hasn't resulted in more selling (yet). I'm hopeful it will turn back up here and all the weak holders with little conviction are out the way
cc2014
03/7/2017
17:07
katie,

Quite so; economists rarely get it right.

bend1pa,

I did NOT mean to say " nothing is certain in the future"; I meant what I did say.

I don`t see a falling market as a threat, but as an opportunity to buy more of the companies i like.

roddiemac2
03/7/2017
15:07
Economist rarely get it right when it comes to big advent's like the 2008 crash, and Brexit is another one.
katie priceless
03/7/2017
14:14
'The future does not exist; it is unknowable, except in the most general terms: ie the human race will become so numerous that it will ,in all probability ,extinguish itself.'

You do realise that sentence completely contradicts itself as well as being untrue? The present doesn't exist either if you want to go down that road. What you mean is that nothing is certain in the future (other than death and taxes) :-)

AS far as Brit economy is concerned, there is barely an economist around who hasn't said that full Brexit will hit us hard in the short/medium term. I'm only interested in that period. I don't look too far ahead. The other thing is we've been in a long bull market now (over 8 years). Most bull markets historically last 5-6 years on average. So the elastic is being stretched and the next bear market probably can't be too far away. SFR will be hit with the rest of 'em when that happens.

bend1pa
03/7/2017
13:42
bend1pa,

The future does not exist; it is unknowable, except in the most general terms: ie the human race will become so numerous that it will ,in all probability ,extinguish itself. Meanwhile, in more specific terms, the future for most people is to pay more to get less , and to queue up for the privilege. Growth on out into the future is impossible.

jadetcl3 asks " how can we know that the future for SFR will be worse due to brexit?"---We can`t know. Historically, the construction industry has been one of the first to suffer in a recession,but we don`t know that brexit will cause a recession here , and, in any event, past experience is not necessarily a guide to future experience.

SFR`s move into India has been ridiculed on this board , but , in time, I think the Indian JV could be bigger than the business here, but I can`t KNOW that. However, it is good to see a company try to invest for the long term. Similarly ,it is good to see that they are assessing the European market.

I continue to hold SFR for the long term potential. I will add that I have held two shares extremely profitably for 15 years, whilst being aware that investors today are predominantly short term thinkers.

roddiemac2
03/7/2017
09:27
Not long before the Brexit vote last June I saw an interview with an expert representing a panel of experts who had been asked to answer the question "what will the impact of Brexit be, and would we not be better to stay with what we know".

This man opened his conclusions from the panel with the words " can we just clear up one myth? Staying in the EU does not provide us with any more certainty than leaving. We just do not know what the EU will look like in 2 years time let alone 5 years time when we consider all that is happening now". This surprised me, but maybe that panel was right.

If so how can we know that the future for SFR will be worse due to Brexit?

jadeticl3
03/7/2017
08:33
Lower pound and a U turn on austerity and World wide trade unfetted by the EU , all good for SFR
katie priceless
02/7/2017
19:15
roddiemac2 'What possible negative impact could there be from Brexit ?'

Well SFR manufacture structural steel, so are dependent on the construction industry. Unless you are in denial the economic effects of Brexit could possibly hit the UK hard, maybe drive us back into recession. In fact GDP has slowed dramatically this first Qtr. Whenever recession looms the construction industry is one of the first to suffer, and SFR's order book is already well down on last year as fears of Brexit begin to bite.

HTH?

bend1pa
01/7/2017
19:22
Close on 1.10 again.
alphorn
24/6/2017
16:04
The Swiss National Bank Owns $80 Billion in US Stocks—Here217;s the Catch
Stock-Markets / Stock Market 2017 Jun 24, 2017 - 04:31 PM GMT

By: John_Mauldin

Stock-Markets

Switzerland is a small country of just 8 million people, but they make an outsized impact on economics and finance and money.

Because Switzerland is considered a safe haven and a well-run country, many people would like to hold large amounts of their assets in the Swiss franc. This makes the Swiss franc intolerably strong for Swiss businesses and citizens.

So the Swiss National Bank (SNB) has to print a great deal of money and use nonconventional means to hold down the value of their currency. Their overnight repo rate is -0.75%.

That’s right, they charge you a little less than 1% a year just for the pleasure of letting your cash sit in a Swiss bank deposit.
Switzerland Is Buying US Stocks on an Enormous Scale

And the SNB is buying massive quantities of dollars and euros, paid for by printing hundreds of billions in Swiss francs.

The SNB owns about $80 billion in US stocks today (June, 2017) and a guesstimated $20 billion or so in European stocks (this guess comes from my friend Grant Williams, so I will go with it).

They have bought roughly $17 billion worth of US stocks so far this year. And they have no formula; they are just trying to manage their currency.

Think about this for a moment: They have about $10,000 in US stocks on their books for every man, woman, and child in Switzerland, not to mention who knows how much in other assorted assets, all in the effort to keep a lid on what is still one of the most expensive currencies in the world.

Switzerland is now the eighth-largest public holder of US stocks. It has got to be one of the largest holders of Apple.
What Happens When There Is a Bear Market?

Who bears the losses?

Print just more money to make up the difference on the balance sheet? Do we even care what the Swiss National Bank balance sheet looks like? More importantly, do they really care?

We all remember European Central Bank President Mario Draghi’s famous remark, that he would do “whatever it takes” to defend the euro. We could hear the Swiss singing from the same hymnbook soon.

the grumpy old men
22/6/2017
22:23
Some decent sized trades going through as someone clearly off-loading. Price holding suggesting plenty of buyers out there around this 80-82 area.

Seller can't have an infinite amount of shares so hoping they are nearly done.

cc2014
18/6/2017
17:09
Hi both. Good points all round. Just to be clear I have a equal holding in both CO's, but are now on balance favouring BILN for growth.

Re remedial charges. My understanding was that all parties covered their own costs until the remedial works had been completed. After which liability would be agreed upon. This fits with the wording given i.e. Sfr's expenditure on replacing bolts are in line with the reserves made. However, other parties will have also incurred costs / charges. ( I would be spitting feathers if due to cheap imported bolts, 3 floors could not be let + pr disaster) counter claims against SFR must be on the table by now. I would love to hear the words that it has all been settled. Your right Rhomboid the auditors will have a duty to refer at least to it in the AR 2017 if it is now floating around and of a sizeable nature, we may just have to wait & see on this one!

Europe. Still of the opinion this will be a hard nut to crack, the internal resistance in Europe to U.K. Fabricated steel coming in always has been and will continue to be great. Too many potential down sides. Plenty of areas within uk to go at, why not concentrate their resources on these?

India. - stand corrected. Only an additional 5 m going across. Where and when have these loans come from & why were they paying 10% pa? If so expensive why have they not have paid them down sooner (they have access available funds in uk) How to much are they paying for the remainder of the loan?

Oh well enough for now, beer time.

Cheers

steelwatch100
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