Share Name Share Symbol Market Type Share ISIN Share Description
Somero Enter Di LSE:SOM London Ordinary Share COM STK USD0.001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 412.50p 405.00p 420.00p 420.50p 412.50p 412.50p 38,851 14:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 63.4 19.1 24.4 16.6 232.05

Somero Enter Di Share Discussion Threads

Showing 1726 to 1749 of 1750 messages
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DateSubjectAuthorDiscuss
20/9/2018
14:29
H1 results presentation by Howard Hohman, Exec Vice President and John Yuncza, CFO (for period to 30.6.18). Https://www.piworld.co.uk/2018/09/20/somero-enterprises-som-h1-results-september-2018/ Howard Hohman Introduction and summary of results – 00:20 Sales by territory – 00:45 Sales by product – 03:55 John Yuncza Financials – 06:26 Current trading and outlook – 13:47 Howard Hohman Strategy update – 17:29 Q&A: 21:28
tomps2
19/9/2018
16:23
MMs dropping price to fill big orders. PIs giving shares away at 406p, daft! Hold Rich
lammylover
13/9/2018
21:50
Does look like blue sky ahead ;0)
pireric
12/9/2018
11:12
Breakout, 430p paid. Nice!
lammylover
12/9/2018
10:31
New highs now. Exactly greyingsurfer - at that age I'm surprised he retains any shares at all :o)) The other way of looking at it is that the market took on almost £200,000 of shares without blinking, suggesting decent demand for the shares out there.
rivaldo
12/9/2018
08:11
Mind you he is 83, perhaps he thinks it time to spend some?
greyingsurfer
12/9/2018
07:53
Decently chunky non-exec chairman share sale today. Someone should have let him know the shares are still cheap ;0)
pireric
11/9/2018
16:01
I looked at AHT after my interest was aroused by Q1 numbers, but couldn't convince myself to invest and also decided I preferred my exposure in SOM. With the majority of revenue from the US just like SOM it backs up the interview and outlook from the Directors of SOM.
interceptor2
11/9/2018
15:10
Good point Rivaldo. Ashtead chief executive stated that "Our business is performing well in supportive end markets. With the benefit of weaker sterling, we expect full year results to be ahead of our expectations" Hopefully all of that also applies to SOM
glawsiain
11/9/2018
12:25
A terrific Q1 results and outlook RNS from AHT today, with Sunbelt performing very well. This may well be seen as a good read-across for SOM on top of SOM's own robust outlook: Https://www.investegate.co.uk/ashtead-group-plc--aht-/rns/unaudited-results-for-q1-ended-31-july-2018/201809110700113350A/ "Sunbelt US's revenue growth continues to benefit from cyclical and structural trends"
rivaldo
10/9/2018
09:32
Newly tipped in the IC as follows: "Somero Enterprises (SOM) had already disclosed that four of its six geographies enjoyed growth during the half year to June – up from three geographies 12 months earlier. But the official interim numbers helped flesh out the details – revealing particularly strong contributions from the high-tech, concrete-levelling specialist’s dominant regions: North America and Europe. Indeed, these grew by 7 per cent to $30.5m (£23.7m) and 24 per cent to $6.7m respectively. North America’s momentum was underpinned by strong sales of boomed screeds and ride-on screeds. Optimism about this market isn’t without foundation: non-residential construction activity was solid, and customers’ project backlogs "extend well into 2019". Meanwhile, Somero sold equipment across 14 European countries, with the UK, Germany and France among the top contributors. Sales in China fell 7.4 per cent to $2.5m, following a 14 per cent dip here at the full-year stage. But the group has launched sales and marketing initiatives there and employed a China national sales director. The shares’ decent mark-up on results day was no doubt supported by a doubling in Somero’s dividend. While this might reflect management's confidence in the future strategy, it also stems from the decision to pay out a greater proportion of the full-year dividend at the interim stage, entailing a one-off rebasing. Broker FinnCap forecasts adjusted pre-tax profits of $27.7m and EPS of 37.7¢ for 2018 ($26.2m and 36.5¢ in 2017). IC View The shares are up 48 per cent on our tip (279p, 28 Dec 2017), but still trade on 14 times adjusted forecast earnings, which seems undemanding for the growth and income on offer. Buy."
rivaldo
10/9/2018
08:42
MMs moving the share price up and down a bit to shake out those who only want 410p for their shares. I reckon this will breakout above 425p over next week or so...Rich
lammylover
09/9/2018
18:07
The medium-term game here, without looking at the structural high-rise market or China is simple IMV. Picture the revenue base of the group if they penetrate Latin America + Europe half as well as they currently are in the US...
pireric
09/9/2018
17:30
A couple of further points i picked up on: "Educating the industry" This technology and way of building is all still fairly new so educating the builders is important for sales. "There will be three dividends with an increase in the Interim dividend to bring it into line, the Final div plus a special div".
cfro
08/9/2018
17:57
Thank you paulypilot for the link, there was plenty of useful information for shareholders. From the Interim statement we knew that the US performance and outlook was very strong, but great to hear more detail that it is extremely busy there which bodes well to the full year and beyond. Also interesting answer to the question about first indicators to any future slow down and that service and parts is the first indicator where the situation is very strong at present. Historically Somero have indicted fairly promptly if any adverse conditions may affect future performance, I am thinking about two examples of adverse weather reported in 2014 and 2017. I had forgotten about the supplementary dividend if net cash is over $15.0m, with Net Cash at $20.7m at the half year the already attractive dividend yield could increase further. Also appreciate the detail given about tariff affects domestically and internationally which is reassuring. Well done with this interview.
interceptor2
08/9/2018
13:24
Hopefully this is starting to get big enough to get onto the radars of other research brokers like Berenberg
pireric
07/9/2018
18:51
I interviewed the Directors of Somero today, over the phone. Questions were crowd-sourced from my blog readers. I hope you find this interesting. This is a completely independent interview - I didn't charge anything, and don't currently hold Somero shares. Here is the audio: http://qualitysmallcaps.co.uk/ceo-or-fd-interviews/somero-enterprises-som-cfo-evp-of-sales-interview-7-sep-2018/
paulypilot
05/9/2018
19:10
Buy rating reiterated in today's IC.
mfhmfh
05/9/2018
17:34
Thanks rivaldo, A great day here today and one of the best for a fair while.
cfro
05/9/2018
13:41
Worth noting from Finncap that with forecast $24m net cash at this year end, they foresee another supplemental dividend in the range of 7c-9c per share. That would equate to a total dividend for the year of 31c-33c, i.e around 25p per share.
rivaldo
05/9/2018
10:29
Love the longterm chart. Market cap still only £225m - way to go methinks. Congrats to all who bought when thread started and now quadrupled. Surprised one of the construction equipment majors hasn't bid (yet). Would make a great little bolt-on for John Deere, or Caterpillar or one of the far east biggies. As others have pointed out, there are several rivals in the screeding field, and a few in the concrete levelling field - but Somero seem to be more versatile in doing both and never ceasing to innovate.
grabster
05/9/2018
09:46
Paul scott has just written on SOM at htTps://www.stockopedia.com/content/small-cap-value-report-wed-5-sep-2018-som-quiz-396159/. Summary: this is one of my favourite companies, and management teams. It was a pleasure to interview them in Jan 2016, here (audio & transcript). The share price has tripled since then. So I'm really looking forward to interviewing them again this Friday. The valuation is far from demanding - a PER of only 13, for a cash-rich company, paying a 5% dividend yield, and reporting a good outlook, looks great value to me. Somero certainly looks a great value/GARP share. Although we do have to consider the cyclicality. Sales and profits tend to be very cyclical. Its biggest market (the USA) is doing well, after the stimulus from Trump's tax cuts. That should benefit Somero in a lower tax charge, although I note that H1 2018 sees a 22.4% tax charge, up from 20.2% last H1. Overall then, all looks pretty good to me.
glawsiain
05/9/2018
09:31
Excellent start to the year. Refer back to my comps table - on pure p/e I can get towards Finncap's price target, adjusting for cash clearly above it. On cash flow, blows Finncap's right out of the water, and it's cash flow that determines the value of a business...
pireric
05/9/2018
08:59
Excellent H1 results, particularly like the 13% increase in pre-tax profit and also the 13% increase in net cash to $20.7m. I had considered top slicing a few shares today, but will keep them. Somero still have further growth expected in H2 and the 465p broker target looks easily achievable with a bit of media coverage by Shares magazine and the Investors Chronicle who I'm sure will rate this a BUY! Well done Board of Directors. Rich
lammylover
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