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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Somero Enterprise Inc. | SOM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.00 | 0.75% | 270.00 | 16:35:16 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 267.50 | 267.50 | 270.00 | 270.00 | 268.00 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Top Posts |
|---|
Posted at 12/11/2024 08:47 by alotto Many companies headquartered abroad list in London. So do some UK businesses, they must overseas. One example is a stock I own, Assura, they are seeking an additional listing in Johannesburg (as they seem to have keen investors in south Africa).Not sure about the specific reasons. |
Posted at 12/9/2024 09:30 by alotto I was listening to the investor presentation yesterday and I took the chance to ask the question on what level of interest rate cut developers are waiting for to resume building projects, to which it was replied that Somero did not have this information.Why would developer pause projects to avoid borrowing cost? Interest rates will drop by 0.5% at most by the end of the year, 1.0-1.5% at most in 1 year time. |
Posted at 30/8/2024 14:46 by alotto They didn't buy back a great deal of shares though. 350p is not that far off the current share price anyway.What I'm waiting for is to see an uptick in sales to support a higher price. But I doubt it will be anywhere over 400p. The investor presentation next month may deliver some guidance for H2, although Somero is not a world class company at giving estimates. |
Posted at 29/8/2024 09:21 by alotto It was preannounced. I can't see investors going to be overly enthusiastic about this stock.Not much scope for significant growth, possibly just a good dividend payer. Apart from a private equity takeover (which I don't wish for) I can't see anything new at the horizon. At best we will see 400p within the next 12 months. |
Posted at 25/4/2024 11:32 by rcturner2 Somero is a cyclical stock and plenty of investors stay away from cyclical stocks.I don't think SOM is currently "significantly" underpriced. I reckon about 400p is probably fair price at the moment. |
Posted at 30/1/2024 15:00 by alotto Speedy Hire expects full-year profit to come in below previous forecastsSpeedy Hire shares fell sharply on Tuesday after the group cut its annual profit forecast, blaming weakness in the construction sector and a mild winter. The group told investors full-year profits were set to come in below previous expectations, despite progress with its Velocity Strategy and new contract wins. |
Posted at 01/12/2023 17:05 by markatkinson In the latest episode of the ‘Desert Island 🏝 Investor’ my very dear friend and fellow pod-castaway Paul Kerin and I discuss my holding in Somero Enterprises -hxxps://youtu.be/aj_ |
Posted at 31/8/2023 08:57 by chillpill For me there are no figures in the FCAP research for 2024….so that means zero visibility for investors.Probably part of the price reaction. |
Posted at 04/7/2023 05:42 by alotto For some time I held shares in a company called iEnergizer (IBPO).At some point I sold it since I didn't like how they refinanced their debt. Not long after they announced they were delisting. The share price tanked from 400p to about 50p. Some speculators made good money on the volatility that followed but most investors were forced to sell at a loss, for a number of reasons. Sort of got the idea that a company can go for voluntary delisting at any moment, especially if they don't benefit significantly from being listed. |
Posted at 24/6/2023 17:56 by pj 1 alotto18 May '23 - 20:19 - 3531 of 35590 1 0 I found the AGM today very disappointing. No clue given to investors about the order book ("we work on a momentum basis and we cannot make long term predictions"). Some time ago last year, I remember them saying that Somero was somehow suffering from a bottle neck effect from their customers due to limited supply of building materials, which indirectly affected Somero and the orders. This time around management seem to be clueless about what's happening in the industry. On top of that they didn't give a trading update today, because they work on momentum (again) and since historically they give a trading update in June they will stick to June. Are they clueless even about their order book from here to June? I'll hold my shares but I don't expect fireworks in June. |
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