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SFR Severfield Plc

49.00
0.80 (1.66%)
31 Jan 2025 - 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 1.66% 49.00 137,950 16:35:28
Bid Price Offer Price High Price Low Price Open Price
48.20 49.00 48.90 47.50 47.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Structural Steel Erection 465.34M 15.9M 0.0518 9.40 147.96M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:28 O 2,017 48.70 GBX

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Posted at 02/2/2025 08:20 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 48.20p.
Severfield currently has 306,960,938 shares in issue. The market capitalisation of Severfield is £149,489,977.
Severfield has a price to earnings ratio (PE ratio) of 9.40.
This morning SFR shares opened at 47.50p
Posted at 07/1/2025 17:07 by adrian j boris
UBS expects Swiss National Bank to record CHF80bn profit in 2024

Confederation and cantons can count on distribution from the National Bank
According to UBS, the SNB's financial result in the fourth quarter was aided by a higher gold price, a stronger US dollar and higher stock markets. Keystone-SDA

The Swiss National Bank (SNB) is expected to make a net profit of CHF80 billion ($88.4 billion) in 2024, according to UBS.

This content was published on January 7, 2025 - 11:01



Economists at UBS say the SNB should earn a profit of CHF15-20 billion in the fourth quarter of 2024. This should take total profit for the year to between CHF77.5 billion and CHF82.5 billion, according to a study published on Monday.

According to UBS, the SNB’s financial result in the fourth quarter was aided by a higher gold price, a stronger US dollar and higher stock markets. The rise in bond yields, on the other hand, weighed down the result.


Distribution ‘very likely’

Financial distributions from the SNB to the federal government and cantons are now “very likely”, UBS experts note. The SNB would first have to cover last year’s balance sheet loss of CHF53 billion and make allocations to currency reserves. But this should still leave a balance sheet profit of CHF13-18 billion, they predict.

According to the agreement between the central bank and the finance ministry, the federal government and the cantons would be entitled to a distribution of CHF3 billion in the event of a balance sheet profit of between CHF10-20 billion. There were no pay-outs over the two past years.

The SNB will publish the final result for 2024 on January 9.

Adapted from German by DeepL/sb


SWISSINFO
Posted at 17/12/2024 18:14 by grupo guitarlumber
Weak European growth dampens Swiss economic expectations

KOF and federal economists lower expectations for the Swiss economy

The flagging French and German economies, plus a strong franc, have depressed expectations for Swiss economic growth both this year and in 2025.

This content was published on December 17, 2024 - 11:12


The KOF Swiss Economic Institute is now only expecting real gross domestic product (GDP, adjusted for sporting events) to grow by 0.9% this year instead of the previous 1.1%, according to a statement on Tuesday. The forecast for 2025 has also been reduced from 1.6% to 1.4%. For 2026, the KOF remains at 1.7%.

The Swiss government’s group of experts has also lowered its growth outlook for the current and coming year. For 2024, they are now only forecasting an increase in GDP (adjusted for sporting events) of 0.9%, as announced by the State Secretariat for Economic Affairs (Seco). Previously, the experts had assumed 1.2%.

For 2025, the federal economists now expect GDP growth of 1.5%. In September, they had still forecast growth of 1.6%. And for the first time, there is also a forecast for growth in 2026, when growth of 1.7% is expected, as with the KOF.



KOF economists note that the Swiss economy continues to be held back by the subdued development in Europe, particularly in Germany and France. The already weak international economy deteriorated further in the fourth quarter.

Weak demand is likely to continue until the middle of next year, and only then can a slight improvement in economic demand be expected. The export-oriented part of the Swiss economy is also suffering from the strong Swiss franc. The domestic economy is at least holding steady thanks to strong consumption.


According to the KOF, the decline in inflation is stronger than expected. Inflation expectations for the coming year 2025 and also 2026 have been adjusted again and now stand at 0.5% and 0.6% respectively (previously 0.7% each). Meanwhile, the international economic trend is likely to have an increasingly negative impact on the Swiss labor market.


In fact, Seco now only expects annual inflation of 0.3% in 2025, after a price increase of 0.7% was expected in September. Consumer spending by private households would benefit from this development. At 2.7%, they expect the unemployment rate in the coming year to be slightly higher than previously (2.6%).

The Swiss National Bank (SNB) is expected to make a further interest rate cut in March 2025 to 0.25% following last week’s 50 basis point cut in the key interest rate, according to the KOF. Slower wage growth combined with a reduction in the reference interest rate should reduce inflationary pressure on domestic services and rents.


Translated from German by DeepL/mga

SWISSINFO
Posted at 03/12/2024 09:48 by mikeelkin
If anybody has been waiting for the SFR IMC results meeting to be published / uploaded (as indeed I was) - you are waiting in vain.

I asked IMC why it was so taking so long to upload and they will not be doing so 'at the direction of the Company'. Quite why the management at SFR would take this unhelpful attitude is beyond me, especially as previous meetings have been published.

I find it especially annoying as it would appear that when the news is bad they would prefer fewer people to know the reasons for it. I invested partly due to a previous recording.

I can only speculate that they did not like some of the questions they were asked in the Q&A section of the meeting and decided they did not want investors to hear the questions or the answers. Whichever way you interpret it, it is not a very transparent way to do things. Most unhelpful!
Posted at 29/11/2024 14:05 by diesel
Steely….re share buybacks, I’m sure that most of the companies that engage in that hope to see a benefit in management rewards, be it better EPS or share price As for the Indian joint venture, I suppose they are building a company with a certain asset value.
Posted at 28/11/2024 19:04 by steelguru1
I look forward to the presentation tomorrow. I hope they answer all the questions. If not they will be posted here as unanswered. One of which will be, is any element of executive bonus including LTIP based on what the share price is? If so, elaborate and does this influence share the buy back route.
Posted at 27/11/2024 23:16 by steelguru1
What would the price have been without the share buy backs? That's where this could be heading 🤮. £10m dividend in hindsight would have better served shareholders.
Posted at 26/11/2024 18:18 by kinwah
Structural steelwork companies seem to have a habit of surprising shareholders with bad news. Anyone remember SW Farmer which went bust? I think the risks come from the lumpiness of the order books and customers delaying payment in tough times so the cash flow gets squeezed. At least SFR must have reasonably good management to have survived so long in the business.
Posted at 26/11/2024 12:30 by julianlau
Severfield reported strong financial performance with a 17% revenue increase to £252.3m and a 14% rise in underlying pre-tax profit to £16.1m. The company’s diversified UK and Europe order book stands at £410m, while its India operations achieved a record £197m order book, supported by accelerated expansion plans and new production facilities expected by FY26. However, the UK market remains challenging, with delayed or canceled projects and tighter pricing affecting near-term profitability.

Despite a non-underlying cost of £20.4m for bridge remedial works, Severfield maintained its interim dividend at 1.4p per share and continues its £10m share buyback programme, reflecting confidence in its financial stability. The company is well-positioned in sectors benefiting from long-term trends, including green energy and low-carbon infrastructure, aligning with national investment priorities.

Outlook: While short-term uncertainties persist, Severfield's strong project pipeline, strategic growth in India, and focus on high-potential markets support its long-term growth trajectory.

Recommendation : HOLD ( reflecting confidence in Severfield's long-term prospects but caution over short-term uncertainties.)


From Wealth Oracle...

hxxps://wealthoracle.co.uk/detailed-result-full/SFR/1019
Posted at 26/11/2024 10:07 by sausage7
Another struggling smaller listed UK company with a nasty surprise, think TT Electronics. SFR is now a wounded animal, whose only real hope to generate good shareholder returns is to be taken over/private. Sad.
Posted at 26/11/2024 09:05 by diesel
Didn’t see any of that coming, strange time to be doing a share buyback, surely it would have been more cost effective to be buying back post results knowing what effect they would have on the share price
Severfield share price data is direct from the London Stock Exchange

Severfield Frequently Asked Questions (FAQ)

What is the current Severfield share price?
The current share price of Severfield is 49.00p
How many Severfield shares are in issue?
Severfield has 306,960,938 shares in issue
What is the market cap of Severfield?
The market capitalisation of Severfield is GBP 147.96M
What is the 1 year trading range for Severfield share price?
Severfield has traded in the range of 45.30p to 89.60p during the past year
What is the PE ratio of Severfield?
The price to earnings ratio of Severfield is 9.4
What is the cash to sales ratio of Severfield?
The cash to sales ratio of Severfield is 0.32
What is the reporting currency for Severfield?
Severfield reports financial results in GBP
What is the latest annual turnover for Severfield?
The latest annual turnover of Severfield is GBP 465.34M
What is the latest annual profit for Severfield?
The latest annual profit of Severfield is GBP 15.9M
What is the registered address of Severfield?
The registered address for Severfield is DALTON AIRFIELD INDUSTRIAL ESTATE, DALTON, THIRSK, NORTH YORKSHIRE, YO7 3JN
What is the Severfield website address?
The website address for Severfield is www.severfield.com
Which industry sector does Severfield operate in?
Severfield operates in the STRUCTURAL STEEL ERECTION sector