Somero Enterprise Share Discussion Threads

[3rd eye] 15/3/2017 13:25

Sorry nurdin no chance.

[interceptor2] 15/3/2017 12:07

Sorry nurdin but I will have to be a little mean here and hold on to this one. Not easy to find this type of investment. :o)

[nurdin] 15/3/2017 11:49

Can I persuade some of you guys to take profit please? Not a good idea to hold on to a stock for too long :o)

[3rd eye] 15/3/2017 11:41

Somero Enterprises, Inc. 21% Potential Upside Indicated by finnCap
Posted by: Amilia Stone 15th March 2017

Somero Enterprises, Inc. with EPIC/TICKER LON:SOM had its stock rating noted as ‘Retains’; with the recommendation being set at ‘CORPORATER17; this morning by analysts at finnCap. Somero Enterprises, Inc. are listed in the Industrials sector within AIM. finnCap have set their target price at 325 GBX on its stock. This now indicates the analyst believes there is a possible upside of 21% from today’s opening price of 268.5 GBX. Over the last 30 and 90 trading days the company share price has increased 15.75 points and increased 40.51 points respectively.

Somero Enterprises, Inc. LON:SOM has a 50 day moving average of 254.93 GBX and a 200 Day Moving Average share price is recorded at 201.37 GBX. The 1 year high share price is 285 GBX while the 52 week low is 140 GBX. There are currently 56,042,429 shares in issue with the average daily volume traded being 121,204. Market capitalisation for LON:SOM is £158,560,840 GBP.

Somero Enterprises, Inc. is a manufacturer of laser-guided equipment. The Company’s equipment automates the process of spreading and leveling volumes of concrete for commercial flooring and other horizontal surfaces, such as paved parking lots in North America. The Company’s products include S-22E, S-15R, S-15M, STS-11M, S-840, S-485, CopperHead XD 3.0, Mini Screed C, PowerRake 3.0, 3-D Profiler and SiteShape.

[3rd eye] 15/3/2017 11:35

Cheers Riv, dynamite in my hands that........mind you know that from the other place......places ......LOL.

[rivaldo] 15/3/2017 11:26

Cheers 3rd eye - here's a proper link to Finncap's upgrade to 325p:

[3rd eye] 15/3/2017 09:58

Actually looking closer the broker Finn have upgraded. See Target share price .....

Somero Enterprises Inc broker views
Date Broker Recommendation Price Old target price New target price Notes
15 Mar 17 finnCap Corporate 279.50 254.00 325.00 Retains

Previously 254p.

Somero Enterprises Inc broker views
Date Broker Recommendation Price Old target price New target price
Notes

15 Mar 17 finnCap Corporate 279.50 254.00 325.00 Retains

[3rd eye] 15/3/2017 09:06

I2 MASSIVE......"And then they mention proposals of US infrastructure spending which reinforces confidence".

[interceptor2] 15/3/2017 08:55

What a lovely strong set of results reported today.

The outlook statement and tone of the report were very upbeat. Particularly pleased to read that strong performance in the largest market USA has carried over to 2017, which is backed up by reports from their customers that lengthy project backlogs extending well into 2017. And then they mention proposals of US infrastructure spending which reinforces confidence.

As mention other main markets Europe and China also looking strong with exciting growth opportunities there as well as elsewhere.

And then the icing on the cake is the 70% increase in final dividend payment with a special dividend mention again later this year.

[crazycoops] 15/3/2017 08:48

Finncap revised 2017 forecasts are rather modest?

Revenue - $84.7m
PBT - $24m
EPS - 27.4 (4.6% growth)
DPS - 11.5

As 3rd eye states above, target price increased to 325p

[3rd eye] 15/3/2017 08:26

SOM Somero 325p Target...............

Somero Enterprises Inc SOM finn Cap Corporate267.50 264.50 254.00 325.00Retains

[3rd eye] 15/3/2017 07:56

Good point FF, rather have a special divi than a buyback. Should appeal.

[cfro] 15/3/2017 07:54

Tremendous results here.

By my calcs i make that EPS of 22.5p, so a substantial beat in the end. Massive increase in divi is most welcomed.

I really like the bit about the low penetration into China, so there should be absolutely loads to shoot for there in that one country alone...

[fredfishcake] 15/3/2017 07:54

There was mention of a capital return earlier, and buried low down in the results - nice to see that we can expect this as a special div (not a buyback):

"The Board will then assess the level of excess cash that may be subject to distribution back to shareholders through a special dividend later in 2017."

[panic investor] 15/3/2017 07:52

Wonderful results - sounds great going forward too

[3rd eye] 15/3/2017 07:32

FLASH: Somero lifts FY pretax profit, dividend
15 March 2017 | 7:07 AM

[3rd eye] 15/3/2017 07:19

Fantastic results, records broken on all headings.

The Outlook statement is very bullish.

Current Trading and Outlook

The solid momentum in North America at the end of 2016 has carried over into 2017 driven by demand for replacement equipment, technology upgrades, and interest in new products. We remain encouraged by the solid level of non-residential construction activity in the US, a view that is supported by reports from our customers of lengthy project backlogs that extend well into 2017. Proposals for US corporate tax reform and fiscal policy programs to invest in US infrastructure are additional factors reinforcing our confidence in North American growth prospects.

In Europe, the 2016 acceleration of recovery from the recessionary low point in 2011 is expected to carry forward into 2017, driven by demand for replacement equipment, technology upgrades, and interest in new products, much like we see in the US which is encouraging for the future.

In China, the interest level in our products remains healthy and we are excited by the growth opportunity in front of us. In particular, we see solid interest in our S-158 entry level product, which opens up the productivity oriented market segment to us that we expect to help us grow our customer base and offer future up-sell opportunities. We also continue to see traction with our market development efforts to promote wide-placement methods and flatness, levelness standards. These factors, along with our very low market penetration in China, point to solid growth prospects for 2017 and beyond.

In Latin America, we are expecting stable performance from Mexico and Chile, and we have begun to see modestly increased activity in Brazil, and are optimistic for a satisfactory contribution to growth from the other countries in the region. In our other markets, including the Middle East, Australia, India, Scandinavia, Korea, and Southeast Asia, we expect to see significant opportunities in 2017 and are encouraged by the market climate across this broad territory.

The Board believes the Company is well-positioned to capitalize on the many opportunities we see across our portfolio of markets and products and we remain confident Somero is poised to deliver another year of profitable growth to our shareholders in 2017.

[smallcapinvestor1] 15/3/2017 07:17

This is so fantastic. What a company. Im a buyer at the open.Hands off mr buffett this one is ours!!

[rivaldo] 15/3/2017 07:14

Terrific results once again :o))

As you say Cfc, 27c EPS beats the 24.4c Finncap forecast by some margin - and is ahead of THIS year's 26.1c EPS forecast too. The 2017 forecast will presumably have to be lifted somewhat, to say 29c-30c EPS.

And there's now a $20m+ cash pile :o)) That's almost 15% of the m/cap in itself.

The 11.1c dividend is also a shade ahead of forecasts.

Remarkable that two new products are already generating $10.6m of sales, only 2 years after development.

Above all, the outlook statement is very, very positive, with a good start to 2017 in the USA and China also looking good. Overall:

"The Board believes the Company is well-positioned to capitalize on the many opportunities we see across our portfolio of markets and products and we remain confident Somero is poised to deliver another year of profitable growth to our shareholders in 2017."

[croasdalelfc] 15/3/2017 07:04

Riv - 27c :0

[cfro] 14/3/2017 17:40

Looking forward to tomorrow. :-)

[grabster] 14/3/2017 16:09

I've topped up regardless and have got this one right more often than not, so am happy to risk it again ;-)

I would not be surprised to see a sharp 15% rise in the short term, and twice that before the end of the year.

[battlebus2] 14/3/2017 15:54

Profit takers lurking I'd suspect......

[grabster] 14/3/2017 15:49

Share price winding up nicely to close at the day's high by the looks of it - ahead of
Results tomorrow.