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
  +2.50p +0.63% 397.50p 395.00p 400.00p 397.50p 395.00p 395.00p 36,251 15:36:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 63.4 19.1 24.4 15.7 223.61

Somero Enter Di Share Discussion Threads

Showing 1676 to 1700 of 1700 messages
Chat Pages: 68  67  66  65  64  63  62  61  60  59  58  57  Older
DateSubjectAuthorDiscuss
19/7/2018
09:03
Finally bought in here over the last week or so after watching for some time. Exactly the kind of stock I like with consistent growth, world leading products, excellent cashflow / net cash position & a substantial progressive dividend. Seems significantly underpriced to me.
xajorkith
18/7/2018
14:46
Agreed Gnome3, I'm sure it's the new high-rise product they're referring to. SOM have been tipped here: "2 small-caps that could be millionaire makers Ian Pierce | Tuesday, 17th July, 2018 Concrete is not a very exciting industry, and designing and selling the equipment to ensure it’s level when poured even less so. But that doesn’t matter to shareholders of Somero Enterprises (LSE: SOM), who have had excitement enough in seeing the shares rocket from 60p this time in 2013 to 397.5p today. Judging by today’s trading update from the Florida-based firm, the current market cap of £220m could grow still grow quite a lot as its CEO reported strong overall sales growth and was bullish in saying there were “significant opportunities that lie ahead.” This isn’t surprising given that the products have a loyal customer base among construction firms needing to ensure multi-story warehouse floors are perfectly level to allow end-use customers ranging from IKEA to Mercedes-Benz and FedEx to store millions of dollars of goods safely, efficiently and to increase automation opportunities. From 2014 to 2017 annual revenue rose from $59.3m to $85.6m with adjusted EBITDA up from $15m to $28m over the same period. Looking ahead, I reckon there are plenty more growth opportunities as the firm’s sales in its two largest markets, the US and Europe, continue to steadily rise. And with sales in these markets contributing to just $70m in revenue last year there is still clearly lots of potential in the multi-billion-dollar construction markets on both sides of the Atlantic. And while Somero’s operations in the massive Chinese market are taking time to take off, there is certainly great potential here in the long term, as well as from its constant development of new machines that has helped it into markets such as that for working on high rise buildings. With a valuation of just 16 times trailing earnings while kicking off a 3.47% dividend yield, Somero is not exactly priced like the high-growth company it is, although this isn’t a shock given its reliance on the cyclical construction industry. Considering its growth prospects in developed and developing countries, alongside its conservative net cash position, hefty dividend and undemanding valuation, I reckon the stock could continue to generate huge returns for investors if the global economy continues to kick on."
rivaldo
18/7/2018
09:58
I'm totally with you Rivaldo on the update and also, the paragraph about new product development. I assume they're referring to the machine they're developing for high-rise buildings. I wonder if that could be something of a game-changer for Somero.
gnome3
18/7/2018
09:11
That's a very good H1 trading update, setting SOM up nicely for the rest of the year. The two core markets are trading strongly. In particular, for SOM to state so clearly already that expectations for the rest of the year are good shows their confidence. It wouldn't surprise me on that basis if we get an "ahead of expectations" statement for the year end. And considering SOM's usually understated approach, this paragraph is extremely interesting: "we are truly excited about the significant opportunities for Somero that lie ahead derived from our continued investment in new product development, a key element to our long-term growth strategy."
rivaldo
17/7/2018
09:29
The reference to China - to paraphrase "underperforming but encouraging signs" - seems to be a recurring theme from Somero over the last 18 months or so. IMO that is NOT encouraging! However, the appointment of a National Sales Director for the country is hopefully a positive. On the other hand, a steer from the directors about the nil/possible/probable effect of the escalating trade war between the US and China would, again IMO, have been helpful.
grahamburn
17/7/2018
08:28
I agree if China/Latin America improve in H2 along with the current strong growth in the 2 biggest regions (USA & Europe) the company may end up beating current market expectations. All IMHO. GLA.
mfhmfh
17/7/2018
08:12
Another strong trading update today, it is particularly satisfying to see that the two largest territories (82% revenue) USA and Europe were the strongest performers during H1, which bodes well to the full year. Very confident summary below. "The first half of the year has seen solid growth in terms of profitability and cash flow generation. The positive momentum of our business and favorable market conditions point to a positive H2 2018. In addition, we are truly excited about the significant opportunities for Somero that lie ahead derived from our continued investment in new product development, a key element to our long-term growth strategy."
interceptor2
17/7/2018
08:12
...and what's the betting that the share price will fall on this news! ;)SOM is one of the most frustrating shares I have in my portfolio. Loads of potential and upside, IMHO, yet it seems to creak up painfully slowly.
chashley1806
17/7/2018
07:39
Nice bullish and confident inline statement. Four of the six territories performing well with the other two improving for H2. If both Latin America and China regions improve as predicted for H2, then there looks a strong possibility of beating estimates for the full year imo.
cfro
17/7/2018
07:22
Positive HY update, sounds good to move back to 425p plus imo
lammylover
05/7/2018
08:32
Agreed. Just need Somero to be tipped by IC / Questor / Naked Trader for it to fly back over 400p.
lammylover
04/7/2018
08:43
Chart looks good, about time for it to break clear of 400p
its the oxman
29/6/2018
13:09
Someone dumped a few 10k blocks of shares yesterday and price dropped hard, causing PI's to panic sell / kick automatic stop losses in. SOM Dropped 9% at one point, then slowly climbed back up. I've been in this share for nearly a year and results have been very good and nice dividend as well. I took the opportunity to add some more to my collection! Hoping we can retest the 425p year high in the next couple of months.. I think for all PIs investing in smaller companies, you have to be aware that the share price can be walked up / down in big steps with vary little volume. This is really noticeable in the Summer months...MMs will move the share price around to create some interest and commission. Check your fundamentals and sit tight, if you believe in the company! Good luck all Rich
lammylover
28/6/2018
13:34
Buyers appearing.... Importantly worth noting that GBP/USD has fallen considerably the last few sessions. Should add a few more % to profits and divis in Sterling.
cfro
28/6/2018
11:29
I wondered about the trade talks but dismissed any issues for SOM as 68% of revenues are from the US which according to the most recent statement is buoyant.
interceptor2
28/6/2018
11:23
Great top-up chance. Don't often get that with such a quality company I imagine the drop is concern re china/tariffs. But somero makes only a small % of it's revenue there
glawsiain
28/6/2018
11:20
Is the current trade spat a problem.
petes5
28/6/2018
11:11
Nothing new on their website so no idea what’s caused today’s spike down.....perhaps it’s because the whole market is up and down like a yo yo.!!!
johnsoho
28/6/2018
10:50
Rather unusual, seems a lot of selling all of a sudden.
cfro
28/6/2018
10:42
Anyone have any idea whst is happening here. It seems a lot of shares I have issue good results and then fall rapidly. Others issue a little under expectations and drop like bricks. In 20 years of investing i have never seen such volatility.
petes5
28/6/2018
10:40
i wonder why the fall today anyone has any clues?
ali47fish
21/6/2018
09:35
Thanks re the above useful posts. I note Ashtead produced good results yesterday, with its Sunbelt division (the relevant comparator for SOM) being exceptionally positive: "Sunbelt US's revenue growth continues to benefit from cyclical and structural trends " The outlook statement was also very confident. Hopefully all this bodes well for SOM too.
rivaldo
14/6/2018
15:08
Some nice info there, thanks IC2, Also worth noting that GBP/USD continues to work in our favour meaning higher reported profits and divis when converted back into Sterling.
cfro
14/6/2018
08:11
On the Somero website they provide a link to the Portland Cement forecast USA, which gives a good indication to construction activity in the USA and which Somero values as relevant to their sector. 68% of revenues are still from the US. hTTps://investors.somero.com/news/regulatory-news hTTp://www.cement.org/economics/forecasts US Forecast - Spring 2018 The economy is strong. The performance of the job market and real GDP growth that has materialized over the past several months signals stronger near-term growth momentum. This momentum is reinforced by a supportive fiscal policy in the form of the relaxation of some federal spending caps, and the likely additions to infrastructure spending contained in the budget.
interceptor2
14/6/2018
07:19
Tipped here FYI: Https://www.aol.co.uk/news/2018/06/11/2-small-cap-dividend-stocks-that-could-smash-the-footsie-this-ye/ "Super flat, super profits Construction equipment firm Somero Enterprises (LSE: SOM) makes machines which lay perfectly level concrete floors for large buildings. The market for this type of floor is big and it's growing. As well as warehouses and factories, the company is now developing new machines for concrete levelling in high-rise buildings. In a trading statement today, the firm confirmed that performance so far this year is "ahead of the comparable prior year period" and that full-year results should be in line with market forecasts. Why I'd buy this business Somero is the leader in this sector in the US and a number of other markets. As well as designing, selling and servicing its screed-levelling machines, it provides training and support to customers. The whole package forms a premium offering in a market where the cost of failure is very high. In my view, this firm's customers are unlikely to switch to cheaper rivals, because the risks would outweigh any modest savings. This is also an extremely well-run company. After entering the financial crisis with too much debt, Somero's long-serving management team has learned its lesson and built a net cash buffer that should enable it to ride out a market downturn without any drama. This process has been made easier by the group's high profit margins and strong cash generation. Last year saw the firm generate an operating margin of 30% on sales of $85m. Net cash was largely unchanged at $19m, despite $13.9m of dividend payments in 2017. Looking ahead, the stock trades on 14.5 times 2018 forecast earnings, with a prospective yield of 2.2%. If the performance remains strong, I think there's a good chance this payout could be boosted by a special dividend. Although the group is exposed to cyclical risks in the US construction market, I'd keep buying after today's news."
rivaldo
Chat Pages: 68  67  66  65  64  63  62  61  60  59  58  57  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20180721 11:23:13