Severfield Share Discussion Threads

[cc2014] 03/4/2019 11:17

Everything is hedged. When they quote a project the price is only valid for a fixed time and when they win a project they hedge the supply price

[diesel] 03/4/2019 10:30

There's not much alternative to steel in construction, so unless they have fixed quotes for upcoming projects, I guess they just pass the increase costs on...

[grupo guitarlumber] 03/4/2019 08:18

EURCHF:CUR
EUR-CHF X-RATE
1.1201CHF
+0.0018+0.16%

[waldron] 02/4/2019 08:16

EUR CHF 1.1186 -0.0012

[waldron] 29/3/2019 07:52

1.1183CHF
+0.0008+0.07%

[la forge] 21/3/2019 10:41

What’s next?

The SNB's monetary policy review confirms our forecast: we believe the SNB will not be able to raise rates for several years. It will have to wait for the next economic cycle to have the opportunity to increase them. In the meantime, negative rates are likely to remain the norm for Switzerland. At the same time, we don't believe the SNB will further reduce rates in the event of a stronger-than-expected economic slowdown. It could, however, intervene more in the foreign exchange market if the Swiss franc were to appreciate too much. At the same time, we believe that a more expansionary fiscal policy is likely to be put in place, should the recovery falter.

[waldron] 21/3/2019 07:21

SWISS NATIONAL BANK

The Swiss National Bank drastically cut back its foreign currency interventions to a “modest” 2.3 billion Swiss francs ($2.32 billion) during 2018, the central bank said in its annual report. This was a major reduction from the 48.2 billion francs of foreign currency the SNB bought in 2017 and 86 billion francs in 2015, the height of the bank’s campaign to relieve upward pressure on the safe-haven currency.



* SNB monetary policy decision due at 0830 GMT. Three-month LIBOR target rate seen unchanged at -1.25 to -0.25 percent.

[waldron] 14/3/2019 07:50

1.1368CHF
-0.0003-0.03%

[maywillow] 08/3/2019 11:05

1.1328CHF
+0.0006+0.06%

[solooiler] 04/3/2019 22:00

Severfeld must be feeling sweaty with iron ore prices where they are. The prices have skysoared recently

[grupo guitarlumber] 04/3/2019 10:43

EUR CHF 1.1349 -0.0012

[waldron] 04/3/2019 07:57

1.1361CHF
+0.0002+0.02%

[grupo] 28/2/2019 11:57

1.1340CHF
-0.0047-0.41%

[ariane] 28/2/2019 09:31

EUR CHF 1.1353 +0.0013

[maywillow] 22/2/2019 09:27

EUR CHF 1.1346 -0.0006

[the grumpy old men] 19/2/2019 07:15

1.1359CHF
-0.0002-0.02%

[grupo] 16/2/2019 08:59

EURCHF:CUR
EUR-CHF X-RATE
1.1353CHF
+0.0001+0.01%

[jadeticl3] 07/2/2019 15:25

Thanks CC2014 for this report. We could certainly do with a bit of good cheer. The section does appear to be out of favour. Billington has issued what looked like good news from time to time, but with no real progress in its share price. Did you get any feel from yesterday whether SFR could give an encouraging update to the market any time soon?

[cc2014] 07/2/2019 10:21

I attended an SFR shareholder event yesterday. A tour round the factory and a presentation by the CEO.

First a few facts. Market cap is £204m, P/E of 10.5 and including the special dividend the yield is 6.3%. Net cash is £25m (yes read that again) and the only concern might be the pension deficit of £17m. The pension deficit doesn't bother me, they have a recovery plan and bond yields are rising so it's going to reduce without further intervention. The cash pile supports it regardless.


The presentation and Q&A session with the CEO Alan Dunsmore was extremely helpful. Watch out for the performance in India starting to make a proper contribution to the bottom line. He sees significant uplift in sales and a continuing change in outlook towards building in steel in India. For UK (and Europe) things appeared to be progressing to plan as well.

I left very happy with my investment and will continue to hold. I'm not sure why the city boys and girls have such a downer on this stock but maybe the sector is simply out of fashion, it's Brexit concerns or that they like to see nice straight charts showing year on year progress which hasn't always been the case at SFR.
Either way I'm happy to wait for the readjustment and collect my dividends in the meantime.

[waldron] 06/2/2019 16:11

EURCHF:CUR
EUR-CHF X-RATE
1.1390CHF
-0.0015-0.13%