Severfield PLC Progressive publishes new research

TIDMSFR

Severfield PLC

03 September 2020

 
Dividend reinstated after 'encouraging' restart 
 The UK's largest structural steel construction specialist has reinstated the final dividend 
 for FY 2020 following "encouraging" activity levels since the lockdown was lifted. This morning's 
 AGM statement confirms that the group remains cash-positive and that the order book has remained 
 steady over the summer. We continue to believe the Group is likely to benefit from growth 
 in logistics and datacentres, reinforced since Covid-19, as well as the significant opportunities 
 from HS2, which we explore further in this note 
 

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         Broad coverage                      Analyst calibre 
       across 12 sectors 
 
 Business Services   Oil & Gas       15        with average       20 
                                   analysts                      years 
    Financials        Property                  experience 
                                                    of 
    Healthcare         Retail 
    Industrials      Technology      30+                       techMARK 
 Investment Trusts    Telecoms                industry based    Extel 
      Mining         Utilities                    awards       StarMine 
 

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Emily Ritchie

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September 03, 2020 05:58 ET (09:58 GMT)