Share Name Share Symbol Market Type Share ISIN Share Description
Severfield 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
  +2.75p +3.41% 83.50p 82.50p 83.75p 83.75p 83.50p 83.75p 171,965 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 239.4 9.6 2.9 28.9 249.54

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Date Time Title Posts
23/4/201714:57Severfield moves closer4,102.00
09/4/201721:06Swiss Franc/ Euro Relationship333.00
15/6/200709:01Severfield...moving up nicely...latest upgraded forecasts look good23.00
27/4/200509:37Severfield - The one to go for - set for Ј4.00149.00

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Severfield Daily Update: Severfield is listed in the Industrial Engineering sector of the London Stock Exchange with ticker SFR. The last closing price for Severfield was 80.75p.
Severfield has a 4 week average price of 78p and a 12 week average price of 75.25p.
The 1 year high share price is 85p while the 1 year low share price is currently 43p.
There are currently 298,855,911 shares in issue and the average daily traded volume is 324,219 shares. The market capitalisation of Severfield is £249,544,685.69.
blp2: Not expecting any significant movement in the share price until June 14th. I would be expecting the share price to hit 90 plus at this time.
greenroom78: Edison note.... Strong revenue growth in H2, margins also improve Severfield’s UK order book began to pick up at the beginning of 2016 (from c £185m in November 2015 to £315m a year later) and this has progressively fed into its FY17 trading performance. H117 revenue was comparable y-o-y, but a marked EBIT margin improvement was the standout feature of results for the first half. We had factored in a good sales uptick in H2 and it appears that the run rate has exceeded our expectations with y-o-y progress approaching 20%. Importantly, this has not come at the expense of margin, which looks to be at or around 8% in H2 (and 7.5% for the year, +180bp). Additionally, good cash collection and receipt of advance payments give our new estimated year-end cash position of c £30m (vs c £19m at the end of FY16). Taken together, this provides persuasive evidence that the enhanced commercial procedures across project lifecycles introduced a few years ago have been rigorously applied. Elsewhere, the Indian JV trading performance has been stable, as has the local order book (at £40m). Estimates raised for FY17 and FY18 We have raised our FY17 and FY18 PBT estimates by c 9% and c 5% respectively with increased revenue and margin expectations in both years. FY17 UK revenue throughput – especially on larger projects – has brought the year-end order book back down to £267m; we would like to see how the pipeline converts to new work over the next quarter before taking a stronger view on FY18 prospects. Also, at this stage, we have left our dividend expectations unchanged; firming earnings estimates and good cash performance could support an enhanced payout in due course. Lastly, Alan Dunsmore (group FD for seven years) will assume the duties of Severfield’s CEO during his period of temporary absence through illness and John Dodds (chairman since 2011) will act as executive chairman on an interim basis. Valuation: Driving outperformance Severfield’s share price has now outperformed the FTSE All-Share Index over 12 months, 2017 to date and one-month periods. We believe the company is still on track to double FY16 PBT by FY20 (implicitly, PBT c £26m) and the closing year P/E of 14.4x and EV/EBITDA of 8.2x compress meaningfully on this basis.
rivaldo: SFR were in N+1 Singer's Best Ideas portfolio for 2017, comprising 12 stocks, and they've updated on the portfolio's progress today. They state that SFR are a stock to "reload" on, and state the following - note the site visit coming later this month: "Severfield We initiated with a Buy on 6th December last year, believing that the strong management team is well placed to drive the ongoing turnaround story and achieve the ambitious new target to double PBT by FY’20. Though the share price has made some progress since then, we believe there is more to go for and look forward to the site visit on 30th March to give new impetus to this UK market leader in the design, fabrication and construction of structural steel. This is a good play on UK infrastructure spend with a strong balance sheet and growing order book."
maroni tony: Any share price predictions considering the below.... ??? For its financial year ending 31 March, I'm expecting the company to post EPS of a little over 5p -- 37% ahead of last year's 3.67p -- for which growth you're currently paying a P/E multiple of 16. This is another stock that looks very buyable to me."
rivaldo: SFR were tipped last week FYI as follows: Http:// "Double benefit Severfield(LSE: SFR) is a main market company -- listed in the FTSE SmallCap index -- and has a market cap of £241m at a share price of 81p. It's the largest structural steel business in the UK, supplying office buildings (such as the Shard), stadia (such as Liverpool's Anfield), tunnels, bridges and so on. European firms have become less competitive in bidding for UK work, thanks to the slump in sterling, and Severfield is enjoying the double benefit of seeing "more opportunities" in Europe. For its financial year ending 31 March, I'm expecting the company to post EPS of a little over 5p -- 37% ahead of last year's 3.67p -- for which growth you're currently paying a P/E multiple of 16. This is another stock that looks very buyable to me."
jadeticl3: So are there sensible suggestions as to why this share price has taken a dip? Could it simply be disappointment, or fear, that the company has decided not to issue a Trading Update when most investors would have welcomed one?
katie priceless: That might be just what we needed to get the share price up into the 80's
rivaldo: N+1 Singer have this morning released their 12 top picks for 2017 - and SFR is one of them (along with IQE, which I also hold). They have a 98p target price, and summarise: "Severfield is the UK market leader in the design, fabrication and construction of structural steel, representing c.14% of total UK capacity. It has a strong management team whose turnaround plan is beginning to bear fruit. We believe that despite the recent jump in the share price, the current rating is undemanding and that the Group has the potential to achieve its FY20 PBT target earlier than expected. The order book provides a good level of revenue visibility and self help measures underpin a significant proportion of the Group’s profit target. Strong net cash (£24.4m in H117) leaves potential for significant cash returns to shareholders. With a market leading position, a solid order book and robust end markets, we believe 2017 will be another positive year for the Group. We maintain our Buy recommendation and 98p TP."
rivaldo: Cheers - here's a link. I note they've increased their forecasts....looks pretty cheap, and when you strip out the cash pile it's even cheaper: Http:// "Severfield’s (SFR’s) H117 results were well ahead of the previous year; margin performance and order book development cause us to raise our FY17 profit expectations. This combination has also proved to be a catalyst for share price outperformance following the results. Revenue growth and further margin development towards management’s stated aim of doubling FY16 PBT by 2020 can sustain further progress."
jadeticl3: We think there is, but we are expecting a slow build up and with it a rise in SFR share price. If we were not why would we be holding these shares? We are far from euphoric, but I am optimistic that the company is still in recovery mode.
Severfield share price data is direct from the London Stock Exchange
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