Somero Enterprise Share Discussion Threads

[smallcapinvestor1] 14/10/2016 06:58

International AIM company of the year. Well done somero.

[cfro] 13/10/2016 15:19

Heavy volume again today.

Decided to add to my holdings today.

[interceptor2] 12/10/2016 15:20

Hadn't thought about that rivaldo, grim perhaps but we have to consider the consequences good or bad.

Just had a look at my notes on SOM, and I know only a fool would say with any certainty that an ahead trading update will be released during H2, but the probabilities are favourable.

Two stocks that I held anticipating an ahead statement duly obliged, AVS and AMO, both have revenue weighted from overseas, as do Somero. USA/Can = 70%, EU = 9%, ROW = 21%, converting the reported US$ to pounds will give a boost to earnings imo, where current year PER is estimated at only 10.0, and that is without taking into account stronger trading.

Recent interim results were rather upbeat, they said that they are confident of delivering results in line with market expectations, yet they also said that strong trading from June had carried over into July and August.

Last financial year they announced an ahead trading update on 7th January, so we might have a while to wait. Yet the year before a trading update was released on 25th November, so we could see one earlier.

[rivaldo] 11/10/2016 10:30

A bit grim, but Hurricane Matthew has caused billions of dollars worth of damage in the USA - which is likely to bring about more work/sales for SOM's products for rebuilding etc:

[cfro] 07/10/2016 13:42

Those forecasts are now likely to be some way out considering the latest movements in the currency markets.

[smallcapinvestor1] 07/10/2016 11:53

Big beneficiary of weak sterling of course so buying is justified

[rivaldo] 07/10/2016 11:28

Nice burst of buying after 9.30 this morning. FYI Finncap's latest forecasts are:

this year : 16.92p EPS, 5.66p divi
nest year : 18.33p EPS, 6.04p divi

[joe_soap] 29/9/2016 11:51

Thank you for the replies to my query re. holding Somero shares in an ISA. I contacted Barclays again this morning and put it to them that Somero stock was being held in ISA accounts with other companies and was met with a wary 'We'll get back to you'. When they did it was admitted that now they'd looked into it, they are eligible to be held in an ISA. However, they don't hold a W8BEN form, which is to do with the USA IRS.
I told them that I thought it put me at a disadvantage, and that I was receiving a second class service. The reply was that now it's been brought to their attention they would take it to higher management. I don't hold out much hope!
Good luck to everyone holding SOM, it looks a very good company.

[adamb1978] 29/9/2016 10:53

I hold them in a Selftrade ISA

[hpcg] 29/9/2016 10:30

I'm winding down my Barclays account. It used to get keener prices than some others but not difference now. They do carry a wider range of structured products than many others. I'm moving more of my business to IG as they are cheap and offer the widest range of equities especially in the US, but a word of warning their corporate action information is non-existent, and they don't carry funds. I have SOM in an HL ISA. I would probably say ditch the banks and go with a specialist.

[eggbaconandbubble] 28/9/2016 15:36

Had an account with Barclays stockbrokers a few years ago. I got cheap(er) brokers fees if I did at least 10 trades a month.

A new woman took over as manager of the Stockbroking division. At the beginning of September that year she phoned me up and said that although I had done well more than 10 trades every month up until July I had not done quota during August and that I no longer qualified for the discounted service.

I changed broker.

[cfro] 28/9/2016 15:00

Barclays are a useless broker - change brokers!

Worth noting that tomorrow is ex-div.

[pj 1] 28/9/2016 14:49

I hold in HSBC ISA

[stonesfan] 28/9/2016 14:47

I also hold in an ISA (Hargreaves Lansdown).

[grabster] 28/9/2016 14:02

I hold SOM in my ISA. No problem. Barclays have always been the the broker most likely to invent problems.

[joe_soap] 28/9/2016 13:46

I've just been told by Barclays Stockbrokers that Somero is ineligible for my ISA as it is USA domiciled. Has anyone else experienced this?

[rivaldo] 20/9/2016 22:57

OT : Adam, there are always exceptions to any rule! I wouldn't have touched ENTU given its cyclicality/vulnerability, but WJG strike me as completely different, a class act on a low rating and with a high yield.

[adamb1978] 20/9/2016 22:11

Safestyle's Nomad....Zeus as well

[adamb1978] 20/9/2016 22:07

Rivaldo - thanks for posting that link. I've started to look through them, and liked the look of WJG until I saw that Zeus Capital are their NOMAD. They've IPO'd a few companies on very high yields which have ultimately been unsustainable (eg ENTU) and personally I wouldn't touch anything which they're associated with with a barge pole

[smallcapinvestor1] 20/9/2016 10:57

Thanks for that rivaldo

[rivaldo] 20/9/2016 08:45

SOM have been noted as having one of the 10 best dividend yields on AIM in terms of earnings cover, sustainability etc (along with XLM and WJG which I also own):

[rivaldo] 20/9/2016 08:21

Always good to see pre-open buying like today - and a £1k buy being enough to cause a tick up.

[flagon] 19/9/2016 13:34

Trades getting bigger ... £50k buy just printed namely 26,595 shares at £1.88. These go xd 2.5cents per share on 29th September.

[rivaldo] 19/9/2016 11:57

Motoring now - and buying coming in at 187p now.