Somero Enterprise Share Discussion Threads

[adamb1978] 16/8/2017 17:54

Chashley

The weather reason could be genuine - I dont know their breakdown of revenue by state nor the weather there this year, but it could be right. There could also be other simple reasons like management's attention being diverted with the the Florida expansion etc. It was a surprise as you say, however at least the half sounds like it ended well.

Still expecting a private equity offer for them at some point...

Adam

[chashley1806] 16/8/2017 15:32

Hi ali47fishNo special insights as such as to why the share price has fallen, but I'm asking the same question. Thoughts in my head are as follows:1) The share price fall could be a result of the general market malaise in light of the current North Korea/US nuclear standoff. Assuming that Mr Trump and Mr Kim stop waving their willies at each other then, all other things remaining equal, the share price should rise again.2) I'm wondering whether the market is becoming a little impatient of Mr Trump's (lack of) infrastructure plans. To be clear, I see Somero as being indirect beneficiaries of this. Their equipment is not tailored to road or rail building, but they will benefit from supplying equipment to build new factories that spring up next to new infrastructure. However, I've heard precious little of how Trump intends to implement his infrastructure plans, and I wonder whether the "soft" Somero share price reflects this.3) I am still perturbed by Somero's excuse for its less-than-stellar latest trading update, where it blamed bad weather for its woes. Frankly, blaming the weather is akin to blaming Brexit - a convenient scapegoat that poorly-managed companies use when they fail to adjust to or plan for known risks. Whilst accepting that construction is weather-dependent, the reason why I am a little critical of Somero's use of this excuse is because, unlike the UK, the US (their main market) is not dominated by one weather-system. In other words, the factors that determine California's weather are very different to those affecting New England. I've been giving Somero the benefit of the doubt so far (given their excellent record to turn the company round from near bankruptcy after the 2008 financial crash). However, I will expect them to sharpen their act up with the explanations at the next trading update.Be interested to hear other people's views.

[interceptor2] 16/8/2017 10:31

I thought that the last trading update was rather positive and did buy back in here due to this update, interims are due next month and I think that the probability would favour an ahead trading update before the full year results next year.

My stop is set a level that should be a safe but you can never tell, if my stop was hit then I would sell of course, but would be looking for future updates that might allow a re entry.

Hopefully the share price will find support before my stop comes into play.

[ali47fish] 16/8/2017 10:21

in the meantime does anyone with insight knows why the share price has been in free fall?

[stepone68] 16/8/2017 09:32

It's 13.3 US cents per share, but if held outside a SIPP it will have 30% US withholding tax deducted, or 15% if you have filed a W8-BEN form.

[scooper72] 15/8/2017 20:42

HL said I will get it tomorrow or the day after. For what I hold it only comes to about £250 or so. They said something about 13 cent a share.

[stepone68] 15/8/2017 19:48

Nothing from iWeb (Halifax)

[glaws2] 15/8/2017 12:54

Thanks - still not received mine from HL

[saj3] 15/8/2017 07:31

I haven't had it from IG either

[scooper72] 15/8/2017 00:23

Maybe I need to call Hargreaves Landsdown and ask them why they are behind

[chashley1806] 14/8/2017 20:31

Yes, via Interactive Investor.

[grahamburn] 14/8/2017 17:14

Yes.... via TD Investing.

[glaws2] 14/8/2017 17:05

Anyone received the dividend payment yet ?

[deanowls] 06/8/2017 16:04

I believe it was due to the previous shareholders that listed it, lots of commentary on Paul Scott's interviews over on stocko###ia

[adamb1978] 05/8/2017 21:29

Dan

Have a quick check of the listing requirements for NYSE and Nasdaq - they're pretty bloody stringent. They'd need to trade on the Pink Sheets in the US which, whilst I'm not an expert in US OTC trading, makes AIM look like a highly reliable, rigorously regulated exchange!

Adam

[dan_the_epic] 05/8/2017 16:17

Have the board here given a reason why they are listed on AIM rather than the US markets? Always a slight concern, so is there an underlying reason for this?

[rivaldo] 03/8/2017 09:48

As well as transferring the stock to another provider, Barclays holders can also opt to hold the stock in certificated form (how quaint!). Then eventually they can sell the stock whenever through someone like the Share Centre, who apparently deal in certificated stock.

[greenhorn54] 02/8/2017 18:01

Often have to buy on the phone with Fool, but it's painless enough.

[joeall] 02/8/2017 14:41

I done a test run with barc, i was told i could not buy this stock at the
present time but i may be able to buy on the phone.

[ali47fish] 02/8/2017 14:33

can someone clarify the story about barclays please!

[kristini2] 02/8/2017 14:22

peeps selling once they have secured the divi-

[shanklin] 02/8/2017 13:48

So, what is the Barclays deadline for selling out of SOM, etc and which other stocks are affected please?

I will retain the SOM I already hold but I guess this may give rise to some bargains.

Thank you, Martin

[martinthebrave] 02/8/2017 12:06

My understanding is that customers have been given a week to either sell or transfer the stock. Little doubt that this will affect the share price in the short term.

[joeall] 02/8/2017 11:49

If barc are forcing clients to sell som would that go some way towards the
sp. fall?

[mrchriss] 02/8/2017 08:47

Bye bye Barclays then!