Severfield Share Discussion Threads

[grupo] 07/12/2020 16:02

1.0785CHF
-0.0026-0.24%

[waldron] 27/11/2020 04:51

EURCHF:CUR
EUR-CHF X-RATE
1.0799CHF
-0.0002-0.02%

[adrian j boris] 26/11/2020 08:43

1.0830CHF
+0.0007+0.06%

[calougra2000] 25/11/2020 14:07

@steelwatch100 - all good points, it looks and feels like the business is not sure of best direction to move forward. All too comfortable.

[steelwatch100] 25/11/2020 12:32

Mixed bag yesterday's interims.
Like all quoted companies SFR are great at spinning things up when they are faced with a tough market position.
My take, for what it's worth, is that the outlook for steelwork in the UK is pretty gloomy.
Margins are being squeezed and overall volumes reducing.
SFR did not dwell on the rapidly falling orders being received from EU &I, 150 m worth of forward orders this time last year, 120m in June, down to 90m now. Seems likely that this will reduce further in the months to come.
PBT Margins have also reduced from 8.5% this time last year down to 3.5% now.
India continues to be a difficult side show, over 10+ years in.

There are however some positives to be taken, Harry Peers has been a timely purchase giving them an opening into the nuclear market.
Dipping into the bridge market with HS2 happening may also turn out to be a good move, as long as they don't just get the projects that the specialist bridge people don't want (aka Cleveland bridge and others).
Plus cash is good even allowing for the 3 m VAT deferral.
Overall a steady hold IMO.

[diesel] 24/11/2020 10:43

Seems like the market were expecting solid results. A strong performance in difficult times, bodes well for post COVID.

[qs99] 24/11/2020 07:59

Pretty good update IMO....considering the 2020 we have had, and believe H2 will be better. Being relatively conservative it seems in outlook IMO, but divi maintained which is good. DYOR and let's see how Mr Market takes it

[ashbox] 23/11/2020 14:11

The interims are due tomorrow according to their website - hopefully its correct, they don't seem to put much effort into that part of the website!

[qs99] 23/11/2020 13:23

results were on the 26th last year

[qs99] 20/11/2020 16:29

Nice end of the day ahead of results.

[qs99] 20/11/2020 13:49

V quiet on here, is there another board?

[qs99] 20/11/2020 08:57

Results our next week. Could be interesting

[grupo guitarlumber] 13/11/2020 08:28

EUR-CHF X-RATE
1.0812CHF
+0.0008+0.07%

[the grumpy old men] 12/11/2020 09:38

1.0793CHF
-0.0009-0.08%

[waldron] 11/11/2020 05:47

EURCHF:CUR
EUR-CHF X-RATE
1.0816CHF
+0.0003+0.02%

[waldron] 05/11/2020 06:04

EURCHF:CUR
EUR-CHF X-RATE
1.0694CHF
+0.0002+0.02%

[ariane] 03/11/2020 12:19

1.0706CHF
+0.0007+0.07%

[sarkasm] 28/10/2020 22:46

1.0696CHF
+0.0001+0.01%