Somero Enterprise Share Discussion Threads

[greyingsurfer] 04/4/2019 11:52

I suspect something odd going on with the ex Div date. The record date was announced as the 5th by the company, which would normally mean an ex Div today, 1 day before. But until a couple of years ago ex Div would have been yesterday - 2 days before.

Is there some complication that results from a US company listed on AIM ending up with an ex Div still 2 days before the record date, even though it was recorded as today in many places?

[amencorner] 04/4/2019 08:23

Indeed Smallcap: no logic to that at all & going in today's Ex Div, you can add another 20p to that small initial rise in terms of portfolio value

[smallcapinvestor1] 04/4/2019 08:04

I honestly can't work out why the shares fell yesterday and then go ex div today and are up 5p today?

[pireric] 03/4/2019 15:57

More sellers than buyers

[ali47fish] 03/4/2019 15:53

any idea why the share price ias falling?

[mfhmfh] 03/4/2019 15:44

ex-dividend tomorrow

[glaws2] 03/4/2019 12:17

Umm - try reading the results RNS

[arregius] 03/4/2019 12:16

Where have you seen that?

[mfhmfh] 01/4/2019 13:52

ex-dividend (+ special dividend) later this week.

[barnesian] 01/4/2019 09:49

What date is it today?

[alphabeta4] 01/4/2019 09:21

?!

Somero proudly announces rebranding of Australian division

Somero Enterprises the provider of industry-leading concrete-levelling equipment is pleased to announce the rebranding of our Australian division to Someroo to help further our presence in a key growing market for the company.

A company spokeswoman commented: "Somero is proud how over just a few short years it has become an industry leader with cutting-edge technology allowing its customers to install high-quality horizontal concrete floors faster, flatter and with fewer people with our products used all over the world. The Company continues to make good progress in executing its product innovation growth strategy as highlighted by the introduction of the new SkyScreed(c) 25. We are keen to reflect the markets we serve and hope today's brand change will bring a smile to the face of our Australian customers and have them hopping on to a Someroo for many years to come."

For further information and press enquiries , please contact:

Somero Enterprises, Inc. www.somero.com

Carly Oncrete Gold Coast Communications + 61 2 9192 0995

END

[push n run] 28/3/2019 18:05

Not a tax expert or US citizen, but the legislation is presumably:

hxxps://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-required-minimum-distributions

[grahamburn] 28/3/2019 17:56

I hope some US citizen (expert) can advise what the basis for the sale is under US tax legislation. Seems rather strange. Wonder where the £2.7m is now and whether Jack has any tax liability from taking such a sum out his pension.

However, on a different tack, it seems even stranger that Jack's pension fund only holds Somero shares. That indicates that he has genuine skin (not to mention risk) in this company.... salary, benefits, pension all depend on it being successful.

Can't be criticised on that level.

[sspurt] 28/3/2019 17:16

Crikey - that is a serious slug of Jack's exposure. A reasonable excuse for the sale but then there always are reasonable excuses...

[greyingsurfer] 28/3/2019 15:23

Nothing much to do with this move.https://www.investegate.co.uk/somero-enterprises--som-/rns/proposed-secondary-placing-of-existing-shares/201903281515323736U/

[goldry] 28/3/2019 15:20

Not worries about a recession driving the price down then!

[crazycoops] 27/3/2019 13:33

You guys are making me feel like a contrarian for holding tight :-) Growth is understated, forecasts are conservative, cyclical risks are real but not imminent (IMHO), new high rise product is opening up new markets, existing markets have strong growth drivers and of course, a whopping final/special dividend going ex-divi next Friday 5th April. As for currency risk - perhaps. Soft Brexit or No Brexit are possibilities but so too, the WA with a May resignation, a new PM trying to negotiate a trade deal with the EU for the next two years (good luck with that), a second referendum or a general election. I take the view that there is more risk in UK dependent business right now than maybe a 8-12% currency headwind. Just wanted to put the bull case for SOM and fully respect the transparency of those of you taking profits - best of luck reinvesting the proceeds.

[scooper72] 27/3/2019 12:24

I've also been selling yesterday and today. Just in case I have called it wrong I have kept a few to remind me. Sorry to potentially miss out on the divs, but feeling like having more cash these days brings a lot more peace of mind.

[goldry] 27/3/2019 12:00

Seems to be a pattern to these posts. Also sold this morning to crystallise gains this tax year. Nothing wrong with the company, headwinds are making investors nervous is all. Hope to get back in when settled.

[barnesian] 27/3/2019 11:51

This is a dollar share traded in sterling on AIM. As sterling strengthens the sterling price drops. I think sterling is going to strengthen further as we head for a soft Brexit or no Brexit at all.

I have today sold my holding to crystallise my gains. I'll buy back in later when sterling is stronger. That's a judgement call I know.

[scooper72] 26/3/2019 15:19

Fair enough. Just thought it was worth asking. Thanks for the reply

[rivaldo] 26/3/2019 14:23

Hi scooper, do you mean me (to paraphrase Derek Jameson)? T'was indeed a more bullish outlook.

But orders can be cancelled and outlooks can change quickly. The smoke signals for the medium-term at least seem to be becoming stronger and flagging up a potential slowdown in the USA, whether small or large, temporary or more permanent. As I said, I may miss out on a little short-term upside, but anyone with a decent proportion of their portfolio in a cyclical stock would surely want to take precautionary measures - and investors are allowed to rethink their views!

[scooper72] 26/3/2019 09:15

I can see why u would want to protect that sort of a profit. But was wondering though about your earlier post just over a week ago that was talking about construction work in the USA looking rosy through to 2021. That was a much more bullish outlook.