Somero Enterprise Share Discussion Threads

[eggbaconandbubble] 30/1/2024 16:04

Does that have any relevance to Somero?

[alotto] 30/1/2024 15:00

Speedy Hire expects full-year profit to come in below previous forecasts
Speedy Hire shares fell sharply on Tuesday after the group cut its annual profit forecast, blaming weakness in the construction sector and a mild winter.

The group told investors full-year profits were set to come in below previous expectations, despite progress with its Velocity Strategy and new contract wins.

[alotto] 08/1/2024 14:17

I cant wait for the trading update, it should be around month end

[wassapper] 08/1/2024 09:39

I am assuming that 2022 divi level will be maintained (incl the special) which would give $0.35 or around 28p per share.

Obviously depends on things being maintained but last trading update indicated a positive second half and we enter a new year withy expectations of a better US and global economic situation.

[kirkie001] 05/1/2024 15:23

How do you arrive at that, wassapper? It's c6.5% (trailing) as far as I can tell?

[alotto] 05/1/2024 14:54

Hold your breath till the end of the month, till the trading update

[wassapper] 05/1/2024 14:17

8% yield if you buy now

[suetballs] 05/1/2024 14:00

Been looking at these for a while.
Will take the plunge once US interest rate falls are more certain.
Similar imo to AHT and HILS.
Suet

[alotto] 27/12/2023 11:23

As the concrete industry evolves, Somero innovates. This year, at World of Concrete 2024, we’re proud to announce not one, but TWO new machines. Any guesses on what we’re bringing?

[eggbaconandbubble] 22/12/2023 10:48

I just bought 3582 shares and it was marked down as a sell! :-(((

[rcturner2] 21/12/2023 06:47

Low volumes and sell offs after the recent gains.

There have been ridiculous moves on the Dow in the past in December.

[eggbaconandbubble] 20/12/2023 21:02

After a great day like today for SOM the Dow Jones crashes!

Anyone know why?

[basem1] 20/12/2023 18:31

Yep classic economy play this one Typical cyclical stock Demand should be through the roof this next year. And a chunky yield to boot

[rcturner2] 20/12/2023 15:00

I think 450p is about fair value for Somero, so there is a reasonable short term aim of 400p to 450p.

SOM is the oldest share in my portfolio, with my original purchase at 230p. Very solid and well run business.

[chashley1806] 20/12/2023 14:53

Or, is the perma-threat of a recession now lifting? Have noticed that, with the news today of UK inflation falling sharply with the prospect of interest rates following suit, most of my shares in my portfolio have rallied.As SOM is a cyclical stock, I suspect it is benefitting from this long-overdue good news on the wider economic front. Of course, if the prospects of SOM are also improving in its own right, so much the better.For the record, am a long-term holder of SOM which I have long regarded as being under-valued. My hope is that the recent rally marks the turning of a long-overdue corner

[alotto] 20/12/2023 14:37

RCTurner2 I hope it is the lead up to some major announcement, or perhaps people in the know expect good results towards the end of Jan

[rcturner2] 20/12/2023 14:07

Nice recovery going on here from the lows.

[wassapper] 14/12/2023 14:53

Bought a starter pot here today

[brucie5] 14/12/2023 13:43

Thanks Mark, would be interested in hearing more of your podcasts.
What are Paul's other top stocks, please?

Particularly enjoyed his dividend approach, btw.
Thanks.

[eggbaconandbubble] 01/12/2023 21:33

Eh bah gum it's tough up north! Mind you, a spade is a spade and Somero is value for money at these prices!

[markatkinson] 01/12/2023 17:05

In the latest episode of the ‘Desert Island 🏝 Investor’ my very dear friend and fellow pod-castaway Paul Kerin and I discuss my holding in Somero Enterprises -

hxxps://youtu.be/aj_6I5UcG4A?si=gRRn6keTZo7hMwUL

[alotto] 28/11/2023 12:43

I believe there are huge opportunities for Somero in India. Manufacturing is getting expensive in Europe (due to wage and energy inflation) and the strategy of de risking from too much exposure to the Chinese economy is leading companies to move operations to India, which will need infrastructure, facilities, warehouses etc.
I emailed Somero to enquiry about their view on this. They advised that Somero has had an office in India from 2012 (which I should have known if I did more homework). I hope that gives Somero opportunities in that geography.

[eggbaconandbubble] 23/11/2023 17:07

As per usual.

[uhound] 23/11/2023 16:24

Contacted company and was advised toward the end of January for the trading update and early March for results (estimated).

[alotto] 22/11/2023 15:10

UHOUND second half of Jan or first half or Feb is my guess, based on last year trading update.