Somero Enterprise Share Discussion Threads

[fredfishcake] 19/11/2020 11:28

I still reckon there's quite a bit of upside here, though personally I have enough already so am unlikely to be buying more.

[sphere25] 19/11/2020 10:44

Strong statement and bodes well for further earnings upgrades imo

Tried to buy at 250....255.....260

Gave up after that ha

Unsure if there will be a pullback.

[its the oxman] 19/11/2020 10:31

Yes, all helps. Plenty of catch up to go here.

[arregius] 19/11/2020 10:25

And great price somero has been buying back shares. Good move!!

[its the oxman] 19/11/2020 08:31

Can see this pushing over 300p now. Holding tight. More to go for as people reappraise prospects.

[sev22] 19/11/2020 07:58

Early morning note from House Broker, finnCap.

Positive update – trading ahead of expectations.

The group has released a positive trading update, signalling a strong H2 and performance ahead of expectations. The new guidance points to a 6.7% upgrade to revenues and a 10.5% upgrade to EBITDA. Cash generation has been notably strong, at about $26m, which will drive an increase in supplemental dividends with a dividend yield of 7.1%.

We raise our TP from 255p to 285p, based on a target P/E of 14x, giving decent upside to the current 11.6x.

[pugugly] 19/11/2020 07:28

Positive momentum heading towards year end, exceeding revised guidance


Excellent update - PLUS once Biden take over from Trump the boost to US infrastructure investment should (hopefully) increase opportunites.

Happy to continue holding.

[rcturner2] 19/11/2020 07:27

That's the statement we all wanted. Trading ahead of expectations.

PE of 8 and yield of 6%.

Criminally undervalued.

[arregius] 19/11/2020 07:21

There we have them

[its the oxman] 18/11/2020 11:53

Yes , strange, waiting now for news.

[basem1] 17/11/2020 10:39

There's something off here at present A large overhang of some description

[ali47fish] 16/11/2020 14:36

it did now- does the us market affect the price of Som?

[ali47fish] 16/11/2020 13:51

from market open share price not budging?

[arregius] 16/11/2020 09:02

They see value, I see value, market doesnt.Wait

[mister md] 13/11/2020 21:51

Unicorn Asset Management 10% holding RNS

[peddlers] 11/11/2020 14:27

Hi, SOM has sprung onto my Radar.
I'm going to buy it but not sure when.

I will keep an eye on it and buy when it goes up

Ped

[its the oxman] 11/11/2020 14:04

Still can't believe no movement here with so many other building type related plays moving up. Don't get it.

[arregius] 10/11/2020 11:28

Big opportunity Id say

[its the oxman] 10/11/2020 08:48

Not sure why this has been totally left out of the covid bounce. Opportunity perhaps.

[thelongandtheshortandthetall] 09/11/2020 10:21

^^ Construction in China maybe lol

[pugugly] 09/11/2020 10:16

Trump out - Biden in - Should be good news for construction and therefore for SOM. Agree/disagree?

[arregius] 08/11/2020 12:48

https://www.glenigan.com/online-retail-drives-increase-in-warehouse-rental-and-demand-for-new-space/

[arregius] 31/10/2020 08:55

Somero is proud to announce our newest customer partnership with Charter Construction with the purchase of their new Sky Screed® 36! They are a leader in one of the hottest structural high rise markets in North America – Nashville, TN. #concrete #contractor #nashville #tennessee

[arregius] 30/10/2020 07:57

We are very cheap at this level. I am long