Somero Enterprise Share Discussion Threads

[mfhmfh] 09/9/2020 11:17

business accelerating in H2.

2021 could be a bumper year:

'Never before has Somero experienced so much activity in product development efforts that are laying the foundation for long-term growth. We are encouraged by the early signs of improvement observed to end H1 2020 in our two largest markets, and we enter H2 2020 with confidence in the strength and performance of our business and our ability to execute and deliver healthy profits and cash flows to our shareholders.'

[mister md] 09/9/2020 10:54

#3 on the risers board

[dangersimpson2] 09/9/2020 10:09

On first reading very happy with these results in difficult market conditions. And dividend payment certainly shows confidence going forward.

We are going to discuss SOM in more detail plus lots of other companies in this morning's small caps live "super special" - text-based share chat live at 11am:

[patient fox] 09/9/2020 09:37

Huge trades gone through buy backs already?.

[eggbaconandbubble] 09/9/2020 09:12

What's the consensus of the £$ exchange rate over the next year or so?

[jamessmith23] 09/9/2020 08:46

Fairly happy, although forward looking statements are predicated on COVID staying under control, which seems unlikely particularly in places like Europe where we are seeing spikes all over. Hopefully US can keep it under control but also not convinced. Continue to hold but haven't bought anymore for now.

[basem1] 09/9/2020 08:05

Yes 10 x ebitda and add the cash equals around 50% higher than we are now

[gnome3] 09/9/2020 07:59

Very impressive navigation of the covid disruption. That's a 9% yield payable shortly and I can't see how the share price can continue to offer that kind of income going forward. Very happy to hold with a great deal to look forward to.

[patient fox] 09/9/2020 07:46

Handled the worst times very well,huge cash pile,dividend.new warehouse nearly complete to meet aim of 125m turnover.pi world interview next week should give us more details.very happy

[lammylover] 09/9/2020 07:41

Nice Interim (H1) results. I particularly like

- Dividend reinstalled $0.247/share
- Cash position $20m
- Expansion plans to complete Q3 with target to deliver $125m revenue (2020 FY expectation is $75m. So planning for 67% uplift and positive about US and Europe growth.

Good work BOD!

Rich

[deanowls] 09/9/2020 07:38

And as always paying that dividend.

[mister md] 09/9/2020 07:33

Results seem ok to me. They now expect 75m full yr sales

[fredfishcake] 08/9/2020 10:40

Just a restatement of what we already know so we can quickly compare tomorrow - from July 14 trading update:

"The Company's financial position remains secure, highlighted by net cash as at 30 June 2020 of at least US$ 28.0m, exceeding the conservative US$ 24.0m net cash expectation outlined in the 5 June 2020 update.

Trading for H1 2020 ended in line with the level detailed in the Company's announcement of 5 June 2020, approximately 25% below levels required to achieve the market expectation at the start of the year of US$ 90.0m in 2020 revenues"

(so expecting FY 2020 revenue of US $68)

It'll be interesting to get a steer on new product sales.....

[ali47fish] 07/9/2020 10:51

got it Fred and many thanks

[fredfishcake] 07/9/2020 10:30

Ali - SOM is listed in the UK, so RNS should be released at 0700.

[patient fox] 04/9/2020 19:41

Looking forward to them and the pi world interview on the 14th.management must be bullish,increased warehouse capacity and selling new product.

[ali47fish] 04/9/2020 16:19

fred at what time are the results released on 9 sept

[fredfishcake] 04/9/2020 15:50

Reminder - interim results announcement scheduled to be released on Wednesday, 9 September 2020.

[arregius] 28/8/2020 15:43

https://twitter.com/somero_inc/status/1299317082496987140?s=21Ready for sky screed webinar as well 3rd september. Lots going on

[arregius] 28/8/2020 08:22

First broom and cure sold in texas

[eggbaconandbubble] 27/8/2020 18:36

Most probably all working from home in their storm shelters.

[fredfishcake] 27/8/2020 12:02

HQ in Fort Myers, Florida - doesn't look to be on the path for the current storms, but I'm not sure how vulnerable it is in general.

[arregius] 27/8/2020 09:09

People worried about hurricanes in usa. Opportunity

[geraldus] 25/8/2020 11:09

Nerves ahead of results or...