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 Shares Traded Last Trade
  1.00 1.69% 60.00 28,941 14:58:13
Bid Price Offer Price High Price Low Price Open Price
57.80 60.00 60.00 57.80 57.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 327.36 28.62 7.74 7.8 185
Last Trade Time Trade Type Trade Size Trade Price Currency
14:58:13 AT 1,206 60.00 GBX

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Severfield Daily Update: Severfield Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker SFR. The last closing price for Severfield was 59p.
Severfield Plc has a 4 week average price of 51.20p and a 12 week average price of 51.20p.
The 1 year high share price is 96p while the 1 year low share price is currently 51.20p.
There are currently 307,624,828 shares in issue and the average daily traded volume is 52,815 shares. The market capitalisation of Severfield Plc is £184,574,896.80.
jaf111: Really struggling to understand recent weakness of SFR....esp when compared with Billington. AGM 3 September so should be a trading update then but unless there is some unknown nasty the recent slide in share price Seems unwarranted Appreciate people’s thoughts.......
cc2014: Agreed. SFR was going great until Covid-19 but I'm surprised the share price has fallen back further looking at the order book. Same as the rest of the sector... which I think is in trouble for the near future.
cc2014: Definitely trying to break out. 90p on the bid now for the best part of a day and buyers having to pay 92-93p. Looks to me like buyers trying their best to disguise their intentions and buy as cheap as possible but almost no sellers coming out to meet them. And why would they? Everyone can see what's happenning to Kier and Galliford where the share price has exploded over the last month or so.
damanko: CC, you're not talking solely to yourself. I've been an investor in SFR for many years. Thanks to taking up the rights issue at 23p seven years ago, and dividend reinvestment since buying, I've recently sold at 84p, representing a profit of 148%. I always buy for the longer term, ignore blips, but 12 years in SFR is enough. Reluctantly, in a way, but the company's share price has proved itself perfect in hitting a ceiling, staying a short while, then sliding down once again. And then the cycle starts again... Go well with your holding, it's a decent outfit, and really should be some way north of a pound. However my patience has run out. d.
cc2014: The chart in post 4385 shows the share price has previously hit resistance at 88p and failed. However, each time it goes back there it's propensity to fail to breach resistance falls as the number of sellers at 88p gets lower and lower. I would suggest it's ability to get through 88p depends on what mood Hambro and M&G are in who have both been sellers recently. My guess looking at the dates and prices Hambro have sold is that they are more interested in selling a few over time. (it's taken them over 2 years to sell 16 million shares and there's no particular pattern based on price). I'm not even sure M&G are really a seller and the sale in January was more to do with portfolio management after the situation with Prudential. What we can see is there is no desperate rush to sell at 87p. It's not like it's spiked up to 88p for 5 minutes and then been driven back quickly. It's happily resting there with decent volume on L2. So, we will see. My sense is the buyers are keener to buy than the sellers are to sell but often the real volume does not play out until the last hour.
cc2014: Buyers nibbling away at 88 and the larger sell trades yesterday and today seem to have no impact on the share price. Test comes at 90p I guess but my instinct says to not to sell there and wait and see what happens. This is hard to explain but I have my feeling in my gut something has fundamentally changed above and beyond the election outcome and Trade Wars part 1 and a small pickup in the German economy. now this is just conjecture and I hate these Boards for this type of unrumoured conjecture but I'm going to say it anyway but with so much infrastructure spend coming up and Sterling still so weak, any number of the better UK construction companies with a long term track record and wide open for a takeover. not that I want this to happen really. I'd much rather they churned huge profits over the next 5 years and I collect the benefit that way.
cc2014: Yeah it's moving up imho. L2 looks strong and looks to me like buyers continue to try and buy stock as cheap as possible but aren't really succeeding. We can see that the bid has moved up to 71 and held there for the last hour but no sellers are interested at 71, just as they weren't particuarly interested at 69 or 70. If all you are interested in is trade flow, then for the stock to be moving up on a day when FTSE is down over 100 and the constrution PMI is the worst for 10 years, the trade flow is telling me something. Probably that the analysts have now had 24 hours to take a good luck at Harry Peers and like the deal I have been looking at Harry Peers this morning. I quite like this acquisition. "Severfield said ​Harry Peers​ ​commands a niche, well-established and trusted position with blue chip customers​R03; in t​he nuclear sector, including both the defence and​ ​commercial sectors​. Severfield's chief executive ​Alan Dunsmore​ said:​ ​“Harry Peers’​ ​experience in specialist, highly regulated, non-cyclical markets will enhance our future growth plans through expanding the ​g​roup’s capabilities and sector reach." So, I like the on-going nature of their business which isn't going to be affected by Brexit and appears to very profitable. Harry Peers accounts for 2019 show a margin of 15.7% which is impressive and I assume in due course SFR can strip out part of the directors salaries and admin costs and there will be synergies in purchasing if nothing else which will improve this further. So, as far as I can tell, SFR take their pile of cash which stood at £25m at year end, spend some of it and end up with £3.4m of extra profit in year 1, moving to say £4.0m in year 2. All earnings enhancing, not financed from debt and a business with fantastic margins. A move in the share price back to 90p seems not unreasonable to me in the short term
cc2014: I attended the recent AGM and was happy with what I learnt. To summarise: UK volume and margins are currently stable but political uncertainty means directors can't predict the future any more than we can. Brexit with a deal will release held back orders but Brexit without a deal will likely lead to margin pressure. Europe is going to plan. India looks very optimistic. Transition from concrete to steel continues and SFR will see significant growth. I continue to struggle with the low share price. India by 2022 is predicted to have the largest population in the world and SFR's market share is currently tiny. Seperately I note anyone wanting to buy is now having to pay around 65 and the bid is creeping up very slowly as if the algo's are looking for volume and trying to buy as cheap as possible. I assume the AGM update was enough to stop whoever was selling or maybe they just wanted out before the update for whatever reasong.
steelwatch100: BILN shares up 12% on results. SFR share price seem a bit stagnent at moment, no chatter going on, any reason.
steelwatch100: Just been looking at where SFR have generated their profits and makes interesting reading. . Mar 2017 . .........................................T/O.. Pbt...... % Severfield (Northern Ireland). 77m 11m. 14% Severfield (design & build). 64m. 5m. 8% Severfield. (Uk) dalton. 152m. 8m. 5% Indian jv. Approx 30m. 0.3m. 1% Decking Approx 4m. 0.5m. 12.5% Obviously there is some inter-company trading / duplication but this shows that if the main power house severfield (uk) gets going and performs as well as the other 2 uk arms then profits should progress nicely (there is a lag in the large projects results). Another option would be for them to maximise the ni & d/b rich seams of work and for dalton to work hand in glove with them. BILN are to release their half year results tomorrow & trading statement update, which hopefully will give a read across to SFR. Especially SFR's d&b + ni sectors as these are close to the BILN type of work. So could be good news for SFR share price tomorrow if positive news.
Severfield share price data is direct from the London Stock Exchange
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