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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Somero Enterprise Inc. | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
5.00 | 1.54% | 330.00 | 320.00 | 335.00 | 327.50 | 327.50 | 327.50 | 84,013 | 16:35:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
31/8/2016 10:37 | Thanks for the reminder that results next week Rivaldo. Missed this from my calendar. Topped up this morning. Adam, finnCap had this to say in July 2016, "Following its encouraging earlier AGM trading update, Somero has experienced strong trading in June ending the first half on a high note, and now expects trading for the full year to be ahead of expectations. Accordingly, we upgrade our forecasts. With a strong second half also expected from its underlying markets, plus better H2 cash generation, the shares continue to look good value. Today's news should be taken well by the shares and we continue to see strong upside over the next year. The first half has ended strongly, with June experiencing good trading volumes in the US, Europe and China. The sales growth has been broadly based through its product range, aided by new products as well as growth in consumables revenues. Margins have benefitted from this increase in sales. Management expects market momentum to continue through H2, with cash generation also stronger than the first half following the completion of major capex spend and also the payment of the dividend in the period. We are upgrading our FY16 forecasts, increasing revenues from $75.1m to $76.5m. EBITDA is raised from $21.1m to $22.5m, giving adjusted PBT of $20.3m, up from $18.9m. This gives an increase in EPS from 21.3 cents to 22.5 cents. The shares have been strong performers through this year supported by encouraging trading updates and momentum in its customers construction order outlook. Today's statement supports this trend and should give a further boost to investor confidence. Today's upgrade places the shares on a P/E of 10x and reinforces our positive stance, and we continue to expect strong share price outperformance over the next year." --- Kind regards, GHF | glasshalfull | |
31/8/2016 07:50 | Fool.co.uk is showing 18.47p as the consensus so a 8.6x PE for this year even before you adjust for cash. It looks like their forecast jumped from 16.1p between 1 and 3 months ago, so assume one broker covering them upped their forecasts after the trading statement. even allowing for some people taking the view that we're late in this economic cycle, the multiple is undemanding | adamb1978 | |
30/8/2016 23:02 | Interim results on 6th September - received an email from the company | mfhmfh | |
30/8/2016 13:43 | Results will be out next Tuesday, so only a week away. We already know that they - and the outlook - will be good from the trading statement. Latest Finncap forecast for this year is 17.01p EPS, with 18.6p EPS for next year, plus 5.44p and 6.12p dividends respectively. And SOM has from memory around 17p per share of cash, so the current year ex-cash P/E is somewhere around only 8.3. | rivaldo | |
21/8/2016 18:00 | Worth pointing out the US housing starts data out a few days ago with showed a healthy month on month improvement. In the chart in the link a clear uptrend can be seen that has developed since 2010: | cfro | |
19/8/2016 13:10 | Bought some more myself today. As you say interceptor, not long till the results which we know for sure will be v good. | cfro | |
19/8/2016 10:29 | Just noticed two delayed transaction just reported of 22k and 24k @ 162p which are fairly large for SOM and the reason for the share price advance. If there is still a large seller in the background then this will help. | interceptor2 | |
19/8/2016 10:20 | Not long now to interim results 06th September. Chart looks like it is readying for the next attempt at a breakout in the run up to the results imo. It would seem that construction activity in the US is stronger where SOM enjoy 70% revenues, very good chance that interim results could act as the next catalyst to the next share price advance. Looks rather cheap on a current year PER under 10, and this is company that pays a dividend and doubled its net cash to $12.6m last year. | interceptor2 | |
15/8/2016 10:09 | Moving up. | someuwin | |
12/8/2016 08:49 | Some decent volume this morning though. Should help to clear any large seller. | madmix | |
11/8/2016 18:36 | What a disappointing share price performance since last update. I wonder if there will be another update in Sept - this time even better? | cfro | |
01/8/2016 09:06 | Hopefully after today's appointment as NOMAD Finncap will give SOM a nice push. In the meantime I came across this little update which hasn't been posted before: http ://www.stockopedia.c "Somero upgrades profit guidance I won’t go into Somero’s latest update in detail, as Paul Scott covered it in his report on Tuesday. But in case you missed it, SIF portfolio stock Somero Enterprises said on Tuesday that full-year profits would be slightly ahead of expectations after a strong close to the first half. Most of Somero’s profits come from North America, where Somero says activity was “particularly strong”. However, what’s perhaps more encouraging is that the group said that China, the Middle East and Europe also contributed to overall growth. Somero’s growth potential, in China in particular, is a key attraction of the stock for me. The update appears to leave Somero trading on around 9.6 times earnings, or less if you strip out the firm’s net cash balance. The shares have risen by 10% since I added them to the portfolio and remain attractive, in my view." | rivaldo | |
31/7/2016 22:28 | How on earth these didn't breakout into new high ground on Friday i will never know. The buying pretty much all week has been relentless.. Maybe we will wake-up to a nice move at the open in the morning. | cfro | |
28/7/2016 10:46 | Thanks for the welcome rivaldo. Since SOM reported their positive trading update, I have read that construction activity in the US is becoming stronger, which ties in with SOMs statement. Bodes well for second half because SOM revenues are 68% from the US. Having said 6 months into the financial year that they expect results for full year slightly ahead of market expectations, there is a good chance of a trading update during H2 that will be even more positive imv. | interceptor2 | |
28/7/2016 09:14 | Good to see you here chaps - hopefully we'll see a breakout any day now. I'd certainly expect a run-up to the 6th September results given we now know that H1 trading was good, and that SOM are already saying the full year will be ahead of expectations. | rivaldo | |
26/7/2016 16:09 | Welcome Saucepan, good to see you here. As you say they are sitting right at the breakout level, with healthy demand for shares this week, so technical breakout looking close if demand continues. | interceptor2 | |
26/7/2016 11:19 | Hi folks. I joined you today. Thanks ic2 and cfro for the heads up. Primed for breakout? | saucepan | |
25/7/2016 09:45 | New highs now - and buying at the full 170p offer price. | rivaldo | |
21/7/2016 13:47 | Cheers - that's very encouraging, and reinforces the news I've been posting here. Methinks SOM still has some way to go from here. | rivaldo | |
21/7/2016 11:57 | Up today after beat from United rentals in the u.s. It shows a strong north American construction market. Ashtead biggest riser in the ftse100 for the same reason. | smallcapinvestor1 | |
21/7/2016 11:29 | A shortage of stock here? A mere 5k of buys today has triggered a big widening of the spread. | rivaldo | |
20/7/2016 12:09 | Lots of small buys this morning. Perhaps tipped somewhere, or perhaps due to Finncap's confidence and increase in their target price to 205p yesterday. | rivaldo | |
19/7/2016 12:45 | ..and importantly, Finncap has now increased its price target to 205p (from 185p): | rivaldo |
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