Somero Enterprise Share Discussion Threads

[xajorkith] 11/3/2019 13:57

Looking very positive here once again :-)

Results this Wednesday if the last two years are anything to go by.

[angora7] 11/3/2019 13:17

What's the date for the results this week? Thanks.

[podgyted] 07/3/2019 18:04

Some nice buying in advance of next week's results.

[deanowls] 06/3/2019 08:21

Us business of Aggreko this morning performing well.

[crazycoops] 05/3/2019 16:21

Iirc, they were owned by a UK private equity firm before they listed and that PE firm went for a UK listing.

[push n run] 04/3/2019 21:04

I'm sure this has been asked before, but does anyone know why Somero decided to list in the UK?

Thanks.

[eggbaconandbubble] 01/3/2019 18:04

I'll take a few of them. Thank you!

[croasdalelfc] 01/3/2019 17:26

City Financial held 1.3m shares - just brought in administrators

[smallcapinvestor1] 28/2/2019 18:48

There was a large seller of 800,000 shares its nice to see it was quickly snapped up. It's a nice buying opportunity.

[scandahooligan] 28/2/2019 18:37

Somebody needs to offload a very large holding for whatever reason. There were some bigger than normal sells mid afternoon. Hopefully that is what caused the drop.

Could be a buying opportunity?

[hawaly] 28/2/2019 16:41

Very large volume .... appeared after the bell.

[shanklin] 28/2/2019 16:32

Q4 numbers for the US economy, albeit they don't seem this bad.

[goldry] 28/2/2019 16:25

Sorry, it was me literally added just before the drop. Kiss of death.?

[shanklin] 28/2/2019 16:05

Blimey, bit frustrating to have added this morning.

[shanklin] 28/2/2019 08:33

glawsiain

Interesting article, thank you.

[smallcapinvestor1] 06/2/2019 18:26

This shows there is an institutional seller being worked so all the buying is matched against the seller. The stock will be stuck here until the seller either finishes his order or raises his limit.

[glawsiain] 06/2/2019 16:53

I can't see that anyone has posted Maynard Paton's research on SOM from last month. Here it is:

[podgyted] 06/2/2019 13:08

Just what I was thinking - MM must've been holding a lot.

[someuwin] 06/2/2019 09:31

Lots of buys here over last few days. Surprised it hasn't moved up yet.

[eggbaconandbubble] 05/2/2019 18:15

Is there any potential danger to SOM re trade wars between Trump and China?

[rivaldo] 30/1/2019 11:23

Cheers dave. I'd imagine this product is one of the more expensive lines - with higher margins.

SOM have been tipped here:



"Searching for income? I’d take a look at these small-cap dividend stunners

Still cheap

Laser-guided product manufacturer Somero Enterprises(LSE: SOM) impressed the market last week with an encouraging update on trading.

The company reported strong growth in the second half of 2018 and, as such, expects full-year revenue to be “moderately ahead” of the $90m previously expected by the market. Positively, this will also be higher than the five-year target set by management in 2014.

To make things even better, earnings and net cash are also likely to be “moderately” and “more significantly” ahead of market predictions, respectively.

Somero reported growth in three of its six regions with operations in North America leading the charge. Efforts to crack China are “yet to gain full traction” but it continues to see “meaningful growth opportunities” in this and other territories. Decent progress has also been made on its push to innovate new products with one launch, the SkyScreed 25, scheduled for later this month.

As a result of all this, Somero confirmed that it has no plans to change its dividend policy. It still intends to pay out 50% of adjusted net income for the full year, and a special dividend equating to 50% of excess net cash over the target of $15m.

Having done so well over 2018, investors were no doubt also pleased to learn that management was bullish on the £190m-cap’s prospects over 2019, particularly in North America where it currently has a “strong pipeline of construction projects.”

Despite a storming double-digit percentage rise to the share price on the day, Somero still looks cheap to buy, on a little more than 10 times earnings, in the new financial year.

Taking into account the seriously-high operating margins and returns on capital it has achieved over the years, not to mention the 6.2% yield, and I’m sorely tempted to take a position."

[davebowler] 30/1/2019 09:53

Video showing new kit

[rivaldo] 28/1/2019 07:25

Some detail on and a picture of the new high-rise product:



"Somero Sky Screed 25 Works on Structural High-Rise and Slab On Grade

Somero says its knuckleboom Sky Screed is the first laser screed in the world to allow screeding on structural high-rise and slab-on grade applications

January 25, 2019

Somero Enterprises introduced the Somero Sky Screed 25, the first Knuckle Boom Laser Screed machine in the world to allow screeding on structural high-rise and slab-on-grade applications. The Sky Screed's lower frame rests on three stabilizers while the upper frame and screed head rotate 360 degrees, providing the flexibility to screed around columns and other protrusions.

etc"

[mfhmfh] 24/1/2019 15:00

slow and steady rise.

good results from URI last night in the US.