Somero Enterprise Share Discussion Threads

[rivaldo] 18/4/2017 13:37

Looks to me (similarly to KWS) that given the post 12.00 selling Simon Thompson has advised some profit-taking here.

And again similarly, I have a feeling that those who've sold may well come to regret their decision.

[panic investor] 18/4/2017 13:22

Taking a hit today - tidied up the chart

[gairich] 18/4/2017 10:19

Auto complete I did notice it soon after I posted it but I just left it for one of the spelling hounds who trawl the message boards looking for spelling mistakes, you took a while mate :-) .

[housemartin2] 18/4/2017 08:41

gairich - don't you mean 'were' ?

[crazycoops] 13/4/2017 13:18

No, the annual report was distributed yesterday.

[gairich] 13/4/2017 12:53

We're the results not supposed to be out yesterday?

[smallcapinvestor1] 13/4/2017 11:11

I should add I have bought more also at various prices including most recently at 275p

[nfs] 13/4/2017 10:34

Don't regret the sales, top slicing always a good idea. Hindsight is always 100%

[smallcapinvestor1] 13/4/2017 09:44

Yes it's been truly amazing although I regret sales made along the way.

[panic investor] 13/4/2017 09:38

10p - the drinks are on you ! Well actually can we make that the cars !Well done indeed !

[pj 1] 13/4/2017 09:21

rivaldo, well done fantastic result. And more to come.

[smallcapinvestor1] 13/4/2017 09:19

I bought at 10p

[rivaldo] 13/4/2017 09:09

This is almost a two-bagger for me now. I never thought this would be the type of company to be a long-term multibagger, but it just shows what's possible with capable and ambitious management, a dominant market position and continued global infrastucture growth.

Once the Chinese and Indian markets get going then anything's possible.

[panic investor] 11/4/2017 11:52

Nice find Riv

[rivaldo] 11/4/2017 11:08

Looks to me like Investors Champion have just tipped SOM - a few minutes ago I got this email which continues for subscribers only (not me then!). The particular giveaway is "selling to over 90 countries"....



"Benefit from the global construction boom with this market leading group
10/04/2017

A market leading group benefiting from the global construction boom

With limited competition in its market this business looks very well positioned (IHT QUALIFYING)

Selling to over 90 countries, this high margin business has diversified exposure to the global construction industry.

Sales growth over the past few years has been stunning and having only scratched the surface in certain markets there could be plenty of excitement to come over the coming years.

The shareholder-friendly management team has also pushed through increasingly generous dividends to reward investors.

etc"

[pauliewonder] 10/4/2017 11:13

Took a position last week. Already in profit. Missed the divi but by the looks of it, they will keep returning excess cash to shareholders through special dividends. Excellent outlook too as long as US construction market holds up. Just wish I'd got in in December when I first looked at it

[rivaldo] 10/4/2017 11:08

New highs again.

The opportunity in China is huge Carcosa - let's see if this year the new financing arrangements, sales team and new products aimed specifically at that market start to pay off.

[carcosa] 05/4/2017 07:07

Can't help but feel Somero are utterly failing to address the Chinese market for their equipment. Apart from 'normal' projects, large national infrastructure projests like this should be easy pickings.

Carcosa

[cfro] 03/4/2017 09:48

Thnks riv,

yes, agreed, it does look like another revenue stream.

[rivaldo] 03/4/2017 08:45

News of the opening of SOM's first training facility. What's really interesting is that it costs $649 and gives rise to American Concrete Institute (ACI) certification.

I imagine this will be pretty profitable, and it also gives rise to an additional revenue stream which further counters cyclicality:



"Somero to Open First-of-its-Kind Concrete Training Facility in Fort Myers
Posted March 27, 2017 in News

Bryan Birdwell to Facilitate Exclusive ACI Certification Training

Fort Myers, FL – March 27, 2017 – Somero Enterprises, Inc., a leading manufacturer of technologically advanced concrete placing equipment and associated machinery, is opening a custom-built 6,300 sq.-ft. facility to support its pioneering Somero Concrete Institute (SCI) training programs.

Marking the launch of the facility are the first-ever sessions of a new program that will earn industry professionals their American Concrete Institute (ACI) certification. Facilitated by 25-time Golden Trowel Award Winner, Bryan Birdwell, the comprehensive ACI program includes everything professionals need to receive the ACI CFTM-P certification. The two-day course will be hosted April 24-25 and April 27-28, 2017, at the Fort Myers facility.

“This is the first time that we’ve offered a general interest course for industry professionals through the Somero Concrete Institute,” said Howard Hohmann, Executive VP of Sales. “There’s a severe shortage in trained finishers across the industry and this is one of our initiatives to help bridge the gap. The combination of our new facility and program offerings truly takes our training capabilities to new heights.”....

....In addition to the product training and ACI programs hosted at the SCI facility, Somero also offers onsite training across the globe through its skilled team of field technicians and runs a Concrete College in Shanghai, China.

“We’re constantly speaking with our customers and industry professionals to learn what support they need for continued education and success and the ACI certification was at the top of the list,” said Lee Knuuttila, U.S. Field Support Professional Manager. “The program is a nice complement to our Laser Screed product training that is jointly held at our global headquarters.”

The ACI program costs $649 per participant and includes the exam and CP10 book. For complete curriculum information and to register for upcoming sessions, visit Somero.com."

[panic investor] 02/4/2017 10:42

It's also worth following their twitter feed for new machines going out and clients who seem to be very pleased with their performance.

[saturn5] 02/4/2017 10:35

A very interesting share

A positive future

Charts look excellent

[cfro] 31/3/2017 14:17

Yes, to see the share price rise during and after ex-div date is very positive.

[deanowls] 31/3/2017 12:22

Great that it went up on ex div day. Must be plenty of buyers,

[someuwin] 31/3/2017 11:24

Just seems to keep trending up.