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SFR Severfield Plc

81.20
0.80 (1.00%)
26 Jul 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 Shares Traded Last Trade
  0.80 1.00% 81.20 376,630 16:35:10
Bid Price Offer Price High Price Low Price Open Price
81.00 81.80 82.00 81.00 81.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Structural Steel Erection 493.61M 21.57M 0.0703 11.61 246.8M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:10 O 60,000 81.40 GBX

Severfield (SFR) Latest News

Severfield (SFR) Discussions and Chat

Severfield Forums and Chat

Date Time Title Posts
26/7/202409:29Swiss Franc/ Euro Relationship3,018
17/7/202413:02Severfield moves closer4,541
15/6/200709:01Severfield...moving up nicely...latest upgraded forecasts look good23
27/4/200509:37Severfield - The one to go for - set for Ј4.00149

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Severfield (SFR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 16:16:1081.4060,00048,840.00O
2024-07-26 15:35:1081.207,5846,158.21UT
2024-07-26 15:24:4281.604637.54AT
2024-07-26 15:24:3081.203,0252,456.30AT
2024-07-26 15:15:1781.005,1244,150.44AT

Severfield (SFR) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Severfield Daily Update
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 80.40p.
Severfield currently has 306,960,938 shares in issue. The market capitalisation of Severfield is £250,480,125.
Severfield has a price to earnings ratio (PE ratio) of 11.61.
This morning SFR shares opened at 81.80p
Posted at 15/7/2024 15:38 by trustman
Looks a keeper.
Overweight this stock and found March low surprising.
Chartists might like it too, higher low, breakout, share buybacks, decent dividend.
Who could put this package together at this price?
Institutional outflow of UK plc unhelpful last year. Seeing too many lively small companies being taken over-usually at a 40% premium- even then would have preferred independence.
No intention to ramp. DYOR
Posted at 13/7/2024 07:42 by the grumpy old men
a slight sfr downtrend

1 EUR = 0.9777 CHF


The live Euro to Swiss Franc exchange rate (EUR CHF) as of 13 Jul 2024 at 7:40 AM.
Posted at 06/7/2024 11:21 by waldron
1 EUR = 0.9723 CHF


The live Euro to Swiss Franc exchange rate (EUR CHF) as of 6 Jul 2024 at 11:20 AM.


A SLIGHT SFR WEAKNESS OVER THE LAST 5 WEEKS IT SEEMS
Posted at 16/6/2024 17:26 by grupo guitarlumber
By Tim Clayton
Published: Jun 16, 2024 at 09:30

Political Concerns Continue to Undermine the Euro, GBP/EUR Hits Fresh 22-Month Highs

GBP Live Today

Pound to Euro Rate Hits 1.19

European currencies failed to hold gains on Thursday and posted fresh losses on Friday, especially with fragile risk conditions as European equities under-performed relative to Wall Street.

The Euro remained firmly on the defensive amid political concerns with a particular focus on the French bond market.

The Pound to Euro (GBP/EUR) exchange rate advanced to fresh 22-month highs at around 1.19 amid Euro vulnerability.

According to Credit Agricole; “While we recognise that some negatives are already in the price of EUR/GBP, we maintain our bearish outlook on the pair, targeting a return to 0.84 in the coming months.” (1.1905 for GBP/EUR).

The dollar dipped after the producer prices data on Thursday amid increased hopes for a Fed rate cut in September, but it secured fresh support later in the session with net gains against European currencies.

In this environment, the Pound to Dollar (GBP/USD) exchange rate lost ground with a retreat to near 1.2720.

Overall confidence surrounding the Euro area dipped again with a particular focus on the French political situation ahead of snap parliamentary elections at the end of June.

French bonds (OATs) were sold again, especially in relation to German Bonds (Bunds).

MUFG commented; “The OAT/Bund spread is now at 73bps, breaking above the energy-crisis and global pandemic highs to reach the widest spread since the 2017 French presidential elections when the financial market first feared the risk of a Le Pen presidency. It didn’t happen then, nor in 2022 but the markets now rightly fear it could be ‘third time lucky’!”

foreign exchange rates

ING also noted the impact of political stresses; “We're not French political experts, but it looks like the euro is taking another leg lower in early Europe today on news that the French parties of the Left are getting their act together to form a coalition and only run one candidate per district between them. This rare cooperation of the Left stands to suck support from President Macron's party further.”

It added; “With opinion polls taking such a toll on the euro and presumably more polls due this weekend, we expect investors will want to manage their euro exposure carefully.”

The bank does not expect near-term relief during the French campaign; “It is going to be a long month for the euro. And next week could see the European Commission place France in an excessive deficit procedure.”

The Pound has been dominated by global developments this week, although there was a weaker housing survey and markets will continue to monitor Bank of England expectations.

The RICS housing survey weakened to -17% for June from -7% previously and compared with expectations of a further small recovery to -5%.

According to the survey; “This appears to be linked to the recent scaling back in expectations around the degree of monetary policy loosening likely to be pushed through by the Bank of England during the second half this year”

It added; “With respect to the near-term outlook for prices at the national level, expectations suggest that some further downward pressure could be seen in the coming three-months.”

There was still an element of optimism; “Nevertheless, respondents still foresee a modest recovery in residential sales volumes getting back on track over the months ahead.”

The latest BoE survey reported a decline in 1-year inflation expectations to 2.8% from 3.0%.

UK economic developments next week will be important with the BoE policy decision on Thursday.

Ahead of the announcement the latest inflation data will be released on Wednesday.

Markets do not expect a rate cut at this month’s policy meeting, but guidance from the BoE will be watched closely.

Weaker-than-expected inflation data would also increase speculation that the BoE will cut interest rates at the August meeting and potentially undermine the Pound.

Tim Clayton

Contributing Analyst
Posted at 11/6/2024 07:23 by waldron
Currency: The Euro isn't penalized by rate cuts, but by European elections

June 10, 2024 at 09:52 am EDT

MarketScreener.com By Yves Sanquer


While the European Central Bank has lowered its main key rates, the euro will have to wait for the outcome of the European Parliament elections to take its toll.

As we regularly write in these columns, monetary policy (expectations) are one of the main drivers of foreign exchange market movements. So, when a central bank begins an aggressive tightening or rate-cutting cycle, traders generally make the necessary arbitrages to readjust their positions and take advantage of any carry trades. Although the rule is simple, it is not always reflected in the price action of the currencies concerned. For this reason, it's always best to wait for an alignment between macro vision and chart configuration, in order to maximize your chances of success.

Thus, the EURUSD was still hovering around its resistance level of 1.0890, despite the ECB's action. Things really started to heat up with the release of US non-farm payrolls, while the outcome of the European elections put the final nail in the coffin. The currency broke through the 1.0790 level at the bottom of the uptrend channel it had been following since April.

Elsewhere in the world, there was little change in the USDJPY, where a range is still expected. Commodity currencies are awaiting the Fed meeting and its implications in terms of monetary policy. AUDUSD is fluctuating between 0.6578 and 0.6700, with next levels at 0.6474 and 0.6853 respectively. As for the kiwi, it remains well oriented above 0.6110/00, although it has come up against intermediate resistance at 0.6200/20.


Yves Sanquer
Rate Specialist
Posted at 01/6/2024 10:03 by diesel
Roddie, agree, they have diversified well, in the UK with nuclear and infrastructure, the acquisition of Voortman for a European operation and as you say India which is growing nicely. With a good divvy and now a share buyback programme, this a good stock to have in your portfolio.
Posted at 25/4/2024 20:51 by gibbs1
SNB returns to quarterly profit thanks to Swiss franc weakness


The Swiss National Bank (SNB) returned to a quarterly profit because of the weakness of the Swiss franc, potentially helping officials to rebuild the central bank’s depleted capital base.

This content was published on April 25, 2024 - 09:39

Bloomberg

The Zurich-based institution notched up a gain of CHF58.8 billion ($64 billion) in the first quarter, according to a statement on Thursday. That’s the strongest start to the year on record.

The largest part of its profit – CHF52.4 billion – was generated from the SNB’s large assets held in foreign currencies. Its gold holdings saw a valuation gain of CHF8.9 billion. Swiss franc positions yielded a loss of CHF2.4 billion, mainly because it had to pay interest on deposits of commercial banks.


SNB Vice President Martin Schlegel – the frontrunner to succeed Thomas Jordan at the institution’s helm – said this month that officials must prioritise rebuilding capital over delivering dividends.

The central bank cancelled its annual payout to Switzerland’s government and cantons for two years in a row after a record loss in 2022 emptied its payout reserve. A strong franc tends to hurt its bottom line, while its large size balance sheet amplifies profits as well as losses.


Economists at UBS had predicted a profit in a range of CHF50-60 billion, fuelled by the franc’s decline and the performance of SNB’s stock and gold holdings. Such a result would significantly exceed the last quarterly record of CHF39 billion, they said.

The earnings will be a likely topic at the central bank’s annual shareholder meeting on Friday in Bern.

The SNB started last year with a profit too before swinging to a loss. What the institution earns from its operations doesn’t influence monetary policy.

“Building up the SNB’s capital must have priority over profit distributions,”; Schlegel said on April 9. “Our mandate is to ensure price stability, not to generate profits.”

The SNB’s second-quarter results are due on July 31.

the SWI swissinfo.ch newsletter.
Posted at 17/4/2024 13:55 by diesel
Comfortable results, this company may not set the market on fire but they are solid and making the right strategic decisions and a yield of 7% is almost enough of an attraction. The share buyback is a bit of a surprise and the effect on EPS will also be picked up by inst investors. I agree todays performance might retrace but I stand by my prediction that 60p will be the support level.
Posted at 21/11/2023 19:22 by thorpematt
Brucie5,
I have been buying here in the low points and I hold SOM too.

I reckon there are a couple of key subtle differences:

Firstly SOM is a "picks and shovels play" and SFR is more materials and finished product.

Second, margin.
SOM has c. 30% op. margin whilst SFR is much lower. There are similarites in the Quality metrics but again SOM has ROE and ROCE which shouts "effing great moat" all over it. SFR just looks very good.

Now, because SOM's picks and shovels are very expensive (for picks and shovels anyway), they may well be MORE cyclical than the essential products that SFR produce.

I also get Graham (and Paul's) assertion that low margin cyclicals should trade of low PERs (although the divi/ PER calc is bonkers IMO), but I reckon that mostly the products SFR offers are often tied to multi-year building projects. In addition: housing crisis, energy transitition and any form of infastructure (HS2 or released funds from HS2) will need supplying.

Finally, SOM of course is mostly N.America as opposed to SFR UK.

I am in these both becasue they are IMO quality at a discount and I believe they will do well, mid term.
Posted at 21/11/2023 11:48 by brucie5
Anybody willing to compare the merits of SFR and SOM for a value-income recovery? I note Graham's response on Stocko, which counts as two cheers:

"It could be argued that the risks are already priced in at a PER of 7x and I have sympathy for that view. I think I would have to accept that this share was offering deep value if:

PER was 5x or less, or:

Dividend yield was higher than the PER (ideally >10%) and was covered by earnings, or:

The company was materially reducing its share count with a buyback. So I am open to changing my stance on this, depending on the evolution of the company’s profitability, share price and shareholder rewards.
"

But SOM seems to be more highly rated on Stocko's algos while offering more generous dividends. I'm not sure what the latter is likely to be now, and one obviously can't trust the Stocko figure of 16.5%! Did Max has it at around 10%, but I imagine it will vary according to earnings.

Nevertheless, they are both dependent on construction (one on structural steel, the other on high spec concrete laying, I think it's probably fair to compare them? My first sense is that SOM is the more interesting share at the right price.
Severfield share price data is direct from the London Stock Exchange

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