Somero Enterprise Share Discussion Threads

[smallcapinvestor1] 13/4/2017 09:19

I bought at 10p

[rivaldo] 13/4/2017 09:09

This is almost a two-bagger for me now. I never thought this would be the type of company to be a long-term multibagger, but it just shows what's possible with capable and ambitious management, a dominant market position and continued global infrastucture growth.

Once the Chinese and Indian markets get going then anything's possible.

[panic investor] 11/4/2017 11:52

Nice find Riv

[rivaldo] 11/4/2017 11:08

Looks to me like Investors Champion have just tipped SOM - a few minutes ago I got this email which continues for subscribers only (not me then!). The particular giveaway is "selling to over 90 countries"....



"Benefit from the global construction boom with this market leading group
10/04/2017

A market leading group benefiting from the global construction boom

With limited competition in its market this business looks very well positioned (IHT QUALIFYING)

Selling to over 90 countries, this high margin business has diversified exposure to the global construction industry.

Sales growth over the past few years has been stunning and having only scratched the surface in certain markets there could be plenty of excitement to come over the coming years.

The shareholder-friendly management team has also pushed through increasingly generous dividends to reward investors.

etc"

[pauliewonder] 10/4/2017 11:13

Took a position last week. Already in profit. Missed the divi but by the looks of it, they will keep returning excess cash to shareholders through special dividends. Excellent outlook too as long as US construction market holds up. Just wish I'd got in in December when I first looked at it

[rivaldo] 10/4/2017 11:08

New highs again.

The opportunity in China is huge Carcosa - let's see if this year the new financing arrangements, sales team and new products aimed specifically at that market start to pay off.

[carcosa] 05/4/2017 07:07

Can't help but feel Somero are utterly failing to address the Chinese market for their equipment. Apart from 'normal' projects, large national infrastructure projests like this should be easy pickings.

Carcosa

[cfro] 03/4/2017 09:48

Thnks riv,

yes, agreed, it does look like another revenue stream.

[rivaldo] 03/4/2017 08:45

News of the opening of SOM's first training facility. What's really interesting is that it costs $649 and gives rise to American Concrete Institute (ACI) certification.

I imagine this will be pretty profitable, and it also gives rise to an additional revenue stream which further counters cyclicality:



"Somero to Open First-of-its-Kind Concrete Training Facility in Fort Myers
Posted March 27, 2017 in News

Bryan Birdwell to Facilitate Exclusive ACI Certification Training

Fort Myers, FL – March 27, 2017 – Somero Enterprises, Inc., a leading manufacturer of technologically advanced concrete placing equipment and associated machinery, is opening a custom-built 6,300 sq.-ft. facility to support its pioneering Somero Concrete Institute (SCI) training programs.

Marking the launch of the facility are the first-ever sessions of a new program that will earn industry professionals their American Concrete Institute (ACI) certification. Facilitated by 25-time Golden Trowel Award Winner, Bryan Birdwell, the comprehensive ACI program includes everything professionals need to receive the ACI CFTM-P certification. The two-day course will be hosted April 24-25 and April 27-28, 2017, at the Fort Myers facility.

“This is the first time that we’ve offered a general interest course for industry professionals through the Somero Concrete Institute,” said Howard Hohmann, Executive VP of Sales. “There’s a severe shortage in trained finishers across the industry and this is one of our initiatives to help bridge the gap. The combination of our new facility and program offerings truly takes our training capabilities to new heights.”....

....In addition to the product training and ACI programs hosted at the SCI facility, Somero also offers onsite training across the globe through its skilled team of field technicians and runs a Concrete College in Shanghai, China.

“We’re constantly speaking with our customers and industry professionals to learn what support they need for continued education and success and the ACI certification was at the top of the list,” said Lee Knuuttila, U.S. Field Support Professional Manager. “The program is a nice complement to our Laser Screed product training that is jointly held at our global headquarters.”

The ACI program costs $649 per participant and includes the exam and CP10 book. For complete curriculum information and to register for upcoming sessions, visit Somero.com."

[panic investor] 02/4/2017 10:42

It's also worth following their twitter feed for new machines going out and clients who seem to be very pleased with their performance.

[saturn5] 02/4/2017 10:35

A very interesting share

A positive future

Charts look excellent

[cfro] 31/3/2017 14:17

Yes, to see the share price rise during and after ex-div date is very positive.

[deanowls] 31/3/2017 12:22

Great that it went up on ex div day. Must be plenty of buyers,

[someuwin] 31/3/2017 11:24

Just seems to keep trending up.

[rivaldo] 30/3/2017 10:23

A notably exact £1.5m of shares sold at 312.5p this morning - and an immediate upward turn. Despite being ex-div today :o))

[interceptor2] 29/3/2017 16:39

The dividend is for 8.6c equivalent to 6.88p and a special dividend will be decided later on in the year.

Appreciate the articles rivaldo, I think we are all agreed that SOM is a very attractive takeover candidate. I would prefer to not see a takeover, hopefully the share price will continue to re-rate much higher which might put off any bargain hunters.

[panic investor] 29/3/2017 16:33

7p I think

[saj3] 29/3/2017 16:26

Does anyone know how much the divi is? And if any special divi is getting paid tomorrow?

[saj3] 29/3/2017 16:01

I think it's ex divi tomorrow

[smallcapinvestor1] 29/3/2017 15:41

I imagine he means somero can build the market share of laser screed machines as a part of the overall concrete levelling market. In China for example 99% of concrete floors are leveled without laser screeds.

[cfro] 29/3/2017 15:27

Thanks again riv.

Pleased to see new highs today.

[rivaldo] 29/3/2017 14:26

Positive comment yesterday about SOM from Giles Hargreave, who holds it in the Marlborough Nano-Cap Growth Fund. I would only add that SOM already have a dominant global share in their market!



"SOMERO

Somero manufactures laser screed machines which ensures concrete flooring is laid absolutely flat, which is vital for the efficient operation of warehouses and distribution/ retail outlets. It is a leader in this niche market in the US and it is now expanding rapidly in a number of emerging markets. China, for example, has undertaken mass upgrades to their distribution and warehousing facilities to increase productivity and efficiency. We have a high regard for the existing management who continue to expand the Group carefully, monitoring cash flows and working capital carefully. As a result, we think that there is a good possibility that the Group will build a significant global market share over time. "

[cfro] 28/3/2017 13:48

Nice article riv. Thnks.

I think we are all left wondering how long it will be before the bids come flying in.. personally!

[smallcapinvestor1] 28/3/2017 12:46

Nice article. Only issue remember currently it has no direct competitors with our without deep pockets.I assume he means other flooring companies looking to expand into new areas such as concrete leveling.Private equity is likely but not desirable.I think a Chinese buyer is most likely once they become better known in China