Somero Enterprise Share Discussion Threads

[alotto] 07/5/2024 14:24

Today seems to be a relatively blue day for the LSE but Somero seems immune.

[alotto] 01/5/2024 13:39

egg, I like that! TBH it happens quite often that the drop on ex-div is bigger than the div payment itself for most stocks.

[eggbaconandbubble] 01/5/2024 12:52

I going to call you alottohindsight! lol.

[alotto] 01/5/2024 11:09

It depends on what you mean by wave.

[adamb1978] 01/5/2024 10:56

I held SOM a few years ago and looked again at them yesterday. Their 2024 guidance is going to make it hard to see a wave of money coming in...

[alotto] 01/5/2024 10:47

Somero is having hard time recovering from the drop of going ex dividend. It was best to sell before the ex div date and buy back at lower price. The benefit would have been greater than holding to cash the dividend.

[alotto] 30/4/2024 20:41

230!?? That's crazy cheap.

[rcturner2] 30/4/2024 20:00

I am holding here and have been since I bought at 230p in 2020. No reason to sell this. Take the dividend and forget about the stock.

[reddirish] 30/4/2024 19:50

Inflation Reduction Act, little to do with inflation, and a lot to do with protectionism. Hence the expectation that it will prompt a burst in the building of industrial infrastructure for re- shoring - though the evidence so far is mixed, with most activity occurring in northern Mexico to take advantage of the lower labour costs there, along with the favourable (zero) tariff regime.

[3800] 30/4/2024 19:43

I seem to remember a while ago someone posting about an American policy that was expected to lead to a large increase in infrastructure spending. Can anyone tell me what the name of the Act is please.
it's the IRA

[alotto] 30/4/2024 19:30

build america, buy america act?

[arthur_lame_stocks] 30/4/2024 16:48

I seem to remember a while ago someone posting about an American policy that was expected to lead to a large increase in infrastructure spending. Can anyone tell me what the name of the Act is please.

[ali47fish] 25/4/2024 13:03

rc can you evaluate stay sell or buy and why

[rcturner2] 25/4/2024 12:32

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.

[alotto] 25/4/2024 10:44

I wonder if I should top up at these levels. What to expect a leg up or another leg down? Hard to tell. The share price seems to be significantly underpricing the company.

[eggbaconandbubble] 15/4/2024 20:21

sorry! edited to breakout!!!

[alotto] 15/4/2024 16:34

What is a greakout?

[eggbaconandbubble] 12/4/2024 09:45

Next upward move will be a 'breakout'. Patience!

[alotto] 12/4/2024 08:50

Defiantly retracing today.

[alotto] 11/4/2024 10:57

Fair point

[gdjs100] 11/4/2024 10:28

No it didn't, I make that around 14p. It's down 6p in reality.

[alotto] 11/4/2024 09:42

It dropped as much as the dividend payment (including US-GBP rate and withholding tax)

[cwa1] 11/4/2024 09:06

Yes, it is XD

[kirkie001] 11/4/2024 08:40

Is SOM XD today? As if it is, it's not dropped by nearly as much as expected...

[thorpematt] 10/4/2024 17:07

I would not rule out a bid. This is pennies to the likes of Caterpillar but would be a nice bolt on.

On the other hand I would not WANT a bid right now. We would get a premium on the average price for the last 3-6 months which would be a terrible under-valuation.

This is worth at least twice the current share price in my view. Given the latest economic figures and pay roles numbers from the U.S. I suspect the stock price rise is just a recognition of the corner having been turned.