Somero Enterprise Share Discussion Threads

[superbobtaylor] 02/12/2017 14:16

Bill is effectively passed. Good news for SOM. As well as the Corp tax cut they might benefit from new rules around no longer taxing profit made outside of the states.

SBT

[alphabeta4] 30/11/2017 14:06

A vote on whether to bring the tax cut package to the Senate was passed yesterday and a ballot on the bill is expected as early as tomorrow according to today's Times.

[cottlet] 20/11/2017 14:03

2 accounts transferred from BArclays and 2 to go
what I think of Barclays is unprintable!!

[rivaldo] 06/11/2017 07:27

I note that sector comparator Ashtead has been rising nicely in anticipation of the promised tax cuts in the USA which could lift earnings by 15% according to this - SOM would benefit just as much if not more:



"The FTSE also got a lift from equipment rental firm Ashtead Group, which rose 2.2 per cent, or 43p, to 1977p as analysts talked up its prospects in the US if President Trump fulfils his promise to cut corporate taxes.

Analysts at Stifel, Investec and Citi Group this week all published ‘buy’ ratings on the firm, estimating US tax changes could boost earnings by more than 15 per cent."

[grabster] 03/11/2017 11:37

15 years ago Barclays were making excuses for why they were unable to process deals that other brokers had no problem with. Five years ago the same. And month in, month out, year in, year out, I see bb posters still complaining that Barclays cannot do whatever. I don't think it's anything to do with them switching to any latest technology; it's to do with Barclays being Barclays!

[petethehippy] 03/11/2017 09:29

What's unique about their tech? #lazy

[greyingsurfer] 03/11/2017 08:30

Barclays have told me they are "working on" the Somero issue. They do recognise their systems are at fault. How soon they get them corrected remains to be seen. They are a bit busy sorting out their snagging list from the botched move to Smart Investor at the moment!Peter

[rivaldo] 02/11/2017 23:16

Good to see SOM back above 300p.

Cheers SoundBuy - here's what the NT had to say. Should bring in more interest tomorrow too:

"I bought some Somero (SOM). The new Barclays account won't allow it as it is down as American (Barclays is now is a terrible offering) but others do including IG.

Its last trading update was encouraging and I made a lot of money on it last time round. Now it is higher of course but I suspect given a strong market it could shift back up to all time highs. Dividend is also up 10%"

[soundbuy] 02/11/2017 16:23

Naked Trader's had a few apparently........

[rivaldo] 27/10/2017 12:38

Finncap today reiterate their 350p target price:

[loopeyneuro] 26/10/2017 14:02

Quite a chunky buy there at 250,000.

[rivaldo] 26/10/2017 09:09

I note that there's been progress in Trump's tax reforms, which would lower the top corporate tax rate from 35% to 20%. The bill is hoped to be passed by the end of November. This would dramatically cut SOM's tax rate and obviously greatly increase post-tax profits and EPS at a stroke.

SOM have released a new product which they're making quite a fuss about:



"Press Release: Somero® S-22EZ Laser Screed® Machine Now Available
Posted October 24, 2017

New features designed to increase profitability and boost productivity

Fort Myers, FL – October 24, 2017 – Somero® Enterprises, Inc., a leading manufacturer of technologically advanced concrete placing equipment and associated machinery, is pleased to announce the launch of its new S-22EZ Laser Screed® machine. The most technologically advanced model available on the market today, the S-22EZ includes all of the same cutting-edge features and benefits as the Somero S-22E model while incorporating a variety of new enhancements – inspired by customer and operator feedback – specifically designed to improve floor quality, increase profitability and boost productivity.

The major advancement on the S-22EZ is the incorporation of a new EZ Clean Head. The EZ Clean Head includes a rolled profile on the auger support beam and pivots 90 degrees to make cleaning faster and easier than ever before. Additional enhancements on the S-22EZ include a uniform body profile, increased storage with LED lighting, LED work lights, illuminating fuse panel and oil sprayer mount. The S-22EZ also comes equipped with a hose reel when you purchase the optional pressure washer, and head transport stands are now standard.

Along with these advancements, the S-22EZ features 360° machine rotation, a 20 ft. (6 m) telescopic boom, customized OASIS laser control system and Quick Grade Set. Integrated diagnostics and full-time, automatic valve calibration make operating the S-22EZ simple and keep the machine operating at optimum levels. The optional Roller Plow enhances performance when placing challenging mixes such as those with integrated fibers, large aggregate or low slump.

What further differentiates the S-22EZ is the optional Somero Floor Levelness System®, which is the first technology of its kind designed to monitor Laser Screed machine performance and alert the operator of any issues in real time. Several other machine options are available to meet customer needs, including head size, rotating screed head and extra storage."

[rivaldo] 13/10/2017 11:33

I'll take your word for it gb, though I have my doubts given the pictures now coming out of California. In that case, with all due respect to the countries involved, Mexico and Chile should be prime targets for new sales of SOM equipment given the recent earthquakes (despite today's news North Korea is probably a step too far)....

[grahamburn] 13/10/2017 10:21

A screed floor properly laid (as hopefully all Somero floors are!) would only usually suffer from earthquakes - hurricanes and fires would rarely affect them, unless of course a massive tree fell on it.

[rivaldo] 12/10/2017 21:14

Hi gb. I wasn't really linking the two - I should have made that clearer. I suspect the rise is as you say a rebound based on some value investing, combined primarily with the continuing positive long-term outlook for non-residential construction in the USA as I posted previously.

I know nothing about screeded floors! But surely a floor in a modern warehouse, which must preferably be flat, smooth and even, would be damaged or made uneven/unworkable in the event of either major flooding or destruction by fire?

[grahamburn] 12/10/2017 19:50

Think you're a little optimistic with your conclusion, rivaldo.

Unlikely that screeded floors/foundations will have been affected very much by either hurricanes or fires.

The rise is more likely to be just a gradual climb back to fair value after the slightly negative response to the statements earlier this year indicating slower US growth and lack of expansion in China etc.

[rivaldo] 12/10/2017 10:59

Looks like a bounce here is gaining momentum. The awful recent post-hurricane destruction and now fires in California (2,000 structures destroyed to date) have left a lot of infrastructure, warehouses etc in need of rebuilding.

[tiswas] 04/10/2017 12:27

I am surprised that one of the mega construction equipment manufacturers have not bought this with its impressive margins.

Such companies have a reputation for buying at the top so fingers crossed that the pull back in the share price and the weak sterling price tempts a few out of the woodwork. I could see a price starting with 4 no problem.

[tightfist] 27/9/2017 21:18

Trendwatch magazine/website paper portfolio hit its Stop Loss yesterday. That won't help although I am not sure it has a big following.

[loopeyneuro] 26/9/2017 17:37

Thanks, felt like a selling tip or something, especially with the ex-div so close.

[butchdogg] 26/9/2017 17:28

not sure, but gave up the 200DMA average on the drop, felt a bit manufactured tbh.

bounced of lower channel line. Stop loss is close for me.

[loopeyneuro] 26/9/2017 12:35

Why the drop?

[rivaldo] 19/9/2017 14:51

Encouraging report which indicates that non-residential construction in the USA is looking good not only for this coming Q4, but also for 2018.

Also interesting that Chinese demand for construction equipment has been picking up:



"Caterpillar’s (NYSE:CAT) stock touched a new all-time high Monday on the heels of a bullish report that forecasted strong demand for construction equipment.

Analysts at UBS upgraded Caterpillar to “buy” from “neutral,” citing a positive earnings outlook. UBS also hiked its price target to $140 from $116. The investment bank noted that private non-residential construction activity is on track to strengthen in the fourth quarter, followed by continued growth in 2018....

...The Peoria, Illinois-based company said it benefited from mining- and energy-related sales in North America, as well as Chinese demand for construction equipment."