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SFR Severfield Plc

54.80
-3.00 (-5.19%)
28 Mar 2024 - Closed
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
  -3.00 -5.19% 54.80 55.20 56.40 60.00 55.00 60.00 433,980 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Structural Steel Erection 493.61M 21.57M 0.0697 7.89 170.25M
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 £170.25 million. Severfield has a price to earnings ratio (PE ratio) of 7.89.

Severfield Share Discussion Threads

Showing 5826 to 5837 of 7800 messages
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DateSubjectAuthorDiscuss
28/12/2020
08:30
EURCHF:CUR
EUR-CHF X-RATE
1.0875CHF
+0.0014+0.13%

waldron
23/12/2020
09:11
1.0839CHF
+0.0019+0.17%

the grumpy old men
20/12/2020
06:09
EURCHF:CUR
EUR-CHF X-RATE
1.0822CHF
-0.0028-0.26%

waldron
18/12/2020
15:49
Swiss central bank continues to vacuum up foreign currencies
Dollar and franc coins
The relative values of the dollar and franc are going in separate directions. Martin Ruetschi

The Swiss National Bank (SNB) spent almost CHF25 billion ($28 billion) in the foreign currency markets in the third quarter, raising its reserves to CHF938 billion so far this year. Two days ago, Switzerland was branded a currency manipulator by the United States.
This content was published on December 18, 2020 - 11:52 December 18, 2020 - 11:52
swissinfo.ch/mga

The latest figures, released on Friday, show the rate of foreign currency intervention slowed between July and the end of September. In the first six months of the year the SNB had poured CHF90 billion into applying the brakes on the franc’s rising value.

At the same time, the SNB’s current account surplus decreased from CHF13 billion in June to CHF9 billion in September. This is another key parameter on the US currency manipulation watchlist.

The coronavirus pandemic has only increased investor interest in the franc, while the US dollar has generally fallen in value against other currencies this year. At its quarterly monetary policy meeting on Thursday, the SNB vowed to continue with its foreign currency intervention.
High salaries aren’t what they seem in Switzerland

If you are a male banker, a Swiss diplomat or a foreign CEO in Switzerland, chances are you are living quite comfortably.

"Had we not intervened, the franc would have appreciated significantly more, and this would have placed an additional burden on our economy in an already exceptionally challenging environment," noted Andréa Maechler, a member of the SNB governing board.
Reactions

The US ambassador to Switzerland Ed McMullen played down the currency manipulation debate, telling Le Temps newspaper that it was a “purely mechanical decision” that bears little resemblance in tone to a manipulation claim issued against China last year.

Martin Naville, CEO of the Swiss-American Chamber of Commerce, has also sought to downplay the dispute. In an open letter with the sub-heading “let’s not get overly excited”, Naville urges people to “relax” and “look at the facts” rather than rely on the “breathless reporting” of the media.

“Looking at the development of the Swiss Franc–US Dollar exchange rate, it is clear that there is currently either no currency manipulation or Switzerland is doing a very poor job. In the last 20 years, the Swiss Franc appreciated 100% to the US Dollar! In 2001, one Swiss Franc cost US$ 0.57, today it costs US$ 1.14! Tell me about manipulation,” he writes.
swissinfo.ch.

florenceorbis
17/12/2020
15:21
Swiss central bank chief rejects ‘currency manipulator’ label from the U.S
.
Published Thu, Dec 17 20207:10 AM ESTUpdated Thu, Dec 17 20209:51 AM EST

Elliot Smith
@ElliotSmithCNBC

Key Points

The U.S. Treasury added Switzerland to a list of nations it suspects of deliberately devaluing their currencies against the dollar.

The Swiss National Bank has long maintained a willingness to intervene more robustly in foreign exchange markets, and has staunchly denied manipulating the Swiss franc.

The U.S. Treasury said Switzerland’s interventions totaled 14% of GDP.


Swiss central bank chief rejects ‘currency manipulator’ label from U.S. government

LONDON — Swiss National Bank President Thomas Jordan has rejected a U.S. decision to label Switzerland a “currency manipulator.”

The U.S. Treasury on Wednesday added Switzerland to a list of nations it suspects of deliberately devaluing their currencies against the dollar.

Jordan told CNBC on Thursday that neither the SNB nor Switzerland itself has artificially manipulated the value of the Swiss franc.

“Our monetary policy is necessary, it is legitimate, and we have a very low inflation rate — it is even negative at this moment — so we have to fight this deflation, and the Swiss franc is very strong, so it appreciated in nominal terms over the last 12 years enormously, both vis-a-vis the euro and vis-a-vis the U.S. dollar,” he said.

The Swiss National Bank has long maintained that it is willing to intervene more robustly in foreign exchange markets, and has staunchly denied manipulating the Swiss franc. The U.S. Treasury said Switzerland’s interventions totaled 14% of gross domestic product.

To be labeled a manipulator, countries must have a $20 billion-plus bilateral trade surplus with the U.S., foreign currency intervention exceeding 2% of GDP and a global current account surplus higher than 2% of GDP.

Treasury Secretary Steven Mnuchin said his department had taken a “strong step” to “safeguard economic growth and opportunity for American workers and businesses.”

President-elect Joe Biden’s choice for Treasury secretary, Janet Yellen, could revisit the findings when she delivers her first currency report, expected in April.

Addressing the imminent change of administration, Jordan said the SNB looked forward to an “intensive and constructive dialogue” with the Biden team.

“We will try to explain the specific situation of Switzerland regarding these criteria, and we will explain again why these criteria do not really come to the right conclusion regarding Switzerland, and that we can demonstrate that we are not a currency manipulator,” he said.
watch now

Strategist: Switzerland’s currency manipulator label not a game changer

Earlier Thursday, the SNB kept its monetary policy stance unchanged, holding interest rates at a record low of -0.75% and striking a cautious tone. The bank said a second wave of Covid-19 infections was likely to mean a weaker fourth quarter of 2020 and first quarter of 2021, noting that “production factors will remain underutilised for some time yet.”
‘Storm in a teacup’

David Oxley, senior European economist at Capital Economics, suggested in a note Thursday that Switzerland will be able to dial back its interventions in foreign exchange markets next year.

“However, this is because we expect a pick-up in risk sentiment to relieve pressure on the franc against the euro, not because of the US Treasury’s actions,” Oxley said.

“The bigger picture is that Switzerland has always been treated as a special case when it comes to exchange rate policy and even the U.S. Treasury has conceded in the past that Switzerland’s economic situation is ‘distinctive’ and that its monetary policy options are limited by its small stock of domestic assets.”

With the incoming Biden administration expected to be less adversarial in its approach to trade and international relations, Oxley suggested this issue could prove to be a “storm in a teacup.”

High Frequency Economics chief economist Carl Weinberg on Thursday disagreed with the Treasury’s characterization and suggested it could also be fleeting.

“I certainly don’t understand how declaring the Swiss to be a currency manipulator advances the interests of the United States, or makes anything better for anyone doing business, and of course there are no consequences to being labeled a currency manipulator either, so this is what the current Treasury secretary is doing, and there will be a new Treasury secretary in a few months,” Weinberg told CNBC’s “Squawk Box Europe.”

He suggested that the incoming administration would focus more on attempting to “build friends around the world rather than establish antagonistic relationships.”

sarkasm
12/12/2020
11:13
Switzerland–European Union relations
From Wikipedia, the free encyclopedia


EU
Switzerland

Switzerland is not a member state of the European Union (EU). It is associated with the Union through a series of bilateral treaties in which Switzerland has adopted various provisions of European Union law in order to participate in the Union's single market, without joining as a member state. All but one (the microstate Liechtenstein) of Switzerland's neighbouring countries are EU member states.

sarkasm
07/12/2020
16:02
1.0785CHF
-0.0026-0.24%

grupo
27/11/2020
04:51
EURCHF:CUR
EUR-CHF X-RATE
1.0799CHF
-0.0002-0.02%

waldron
26/11/2020
08:43
1.0830CHF
+0.0007+0.06%

adrian j boris
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.
calougra2000
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.

steelwatch100
24/11/2020
10:43
Seems like the market were expecting solid results. A strong performance in difficult times, bodes well for post COVID.
diesel
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