Somero Enterprise Share Discussion Threads

[leopoldalcox] 21/1/2021 23:11

Last year the final divi was 14c, so total end of year payout (final plus special) could be around 32c.There are a lot of assumptions in there, so not a prediction

[leopoldalcox] 21/1/2021 23:09

I think he's taking the 35m USD cash.The policy is to pay 50% of cash above 15m. So 50% of 20m = 10m / number of shares = special divi.Number of shares 56m. 10m usd/56m =18c

[arregius] 21/1/2021 17:19

Why divide with 56? How many shares outstanding? And need to change into pounds? I thought we will go higher. Looooong

[its the oxman] 21/1/2021 15:49

Can't be many people who want to flog their shares for 360p after today's update.

[sdmbot] 21/1/2021 11:37

Difficult to say: Supplementary Dividend policy is: "company’s supplementary dividend policy adopted on March 14, 2018 that states the company intends to distribute 50% of the excess of net cash over the year-end target of US$ 15.0m" Then today: "... resulting in net cash as at 31 December 2020 of approximately US$ 35.0m, substantially ahead of previous guidance of US$ 26.0m. As a result of this significantly improved net cash balance, the Board expects to declare a supplemental dividend declared in accordance with the Company's supplementary dividend policy adopted on March 14, 2018" So 0.5 * (35 - 15) / 56 would be nearly 18c per share Who knows! Regardless always nice to have a little bonus on the supplementary dividend! Good work Somero and their Team!

[arregius] 21/1/2021 10:15

Anyone know how much the div yield will be?

[rcturner2] 21/1/2021 10:04

Paul Scott's summary is: My opinion - a terrific company. See Finncap’s update note this morning, either on its own research portal, and Research Tree. FY 12/2020 forecast is now 33.2c, at £1 = $1.37 that becomes 24.2p PER is 15.7, not expensive for a company of this quality, particularly as it is sitting on surplus cash too. Note the StockRank is jammed on maximum - don't think I've ever seen one like that before!

[mfhmfh] 21/1/2021 09:18

I'm happy management are under promising for 2021. I wouldn't be surprised if they over deliver as they have done previously. Vaccines to flood the market soon - should lead to an increase in non-residential construction in the US and non-US territories: https://www.cnbc.com/2021/01/20/covid-19-vaccines-will-end-pandemic-in-us-by-early-summer-federated.html All IMHO.

[fredfishcake] 21/1/2021 09:09

Paul Scott likes it - for those with a subscription: Https://app.stockopedia.com/content/small-cap-value-report-thu-21-jan-2021-crw-getb-sce-idp-air-som-sdg-head-beg-746824?order=createdAt&sort=desc&mode=threaded

[fredfishcake] 21/1/2021 08:56

Wow - that's quite an adjustment!

[podgyted] 21/1/2021 08:36

Target price raised to 435p from 285p at finnCap.

[its the oxman] 21/1/2021 08:35

Nice update , should certainly test and hopefully break 400p level now in weeks ahead.

[fredfishcake] 21/1/2021 08:11

What I really like about this company is their honesty. Many companies would sit back and bask in the glory of results like this through a pandemic. SOM however are already looking ahead, investing for the future AND TELLING US CLEARLY WHAT THEY'RE DOING. From their update, there's no excuse for investors to expect this level of growth to happen next year due to the increased investment.....but knowing them, it wouldn't surprise me to see great results next year too anyway.

[pugugly] 21/1/2021 07:58

risk_ You are right but the City is very often too short term! Unlike many long term PI holders.

[riskvsreward] 21/1/2021 07:48

Don't see that as a sting in the tail. While many businesses are on survive mode this co. is already investing for growth, which should be taken as a very positive sign.

[arregius] 21/1/2021 07:48

Lets see if we hit 4£

[arregius] 21/1/2021 07:47

It even surpassed my expectations and very welcomed. I was saying this was undervalued

[pugugly] 21/1/2021 07:41

"Board is pleased to report that it now expects to report revenue of approximately US $88.0m for the Period, significantly ahead of market expectations of US$ 80.0m, and annual adjusted EBITDA of approximately US$ 26.0m, also significantly ahead of market expectations of US$ 21.0m. These estimates remain subject to any audit adjustments." Should be good for a VERY strong opening (imo) but Mr Market usually proves me wrong!! However possible sting at the end of the announcement "As a result of this investment, the Company expects to report a meaningful increase to operating costs alongside typical inflationary cost increases in the Company's operations in 2021. Although the Board expects modest financial growth in the coming year, this net investment will temper our profitability in 2021, but the long term-growth opportunity from new products is substantial and the business is in a good position to be able to make this investment now, in order to realize the benefit in future years. "

[rcturner2] 21/1/2021 07:27

Superb trading update, fantastic performance here.

[deadly] 20/1/2021 14:03

SOM celebrating the back of Trump?

[its the oxman] 18/1/2021 09:17

Chart says maybe 360-370p to me, but positive update may be needed to test 400p. Looks promising though if things follow through from last update.

[ali47fish] 12/1/2021 15:04

i thought they normally thye would announce the date for the update

[eggbaconandbubble] 12/1/2021 14:40

Tee hee! My diary says last years trading update was 22nd Jan. Maybe time to buy a wodge on T20!!!

[arregius] 12/1/2021 11:03

We should be getting an update soon, price has been upping here...