Share Name Share Symbol Market Type Share ISIN Share Description
Somero Enterprise Inc. LSE:SOM London Ordinary Share COM STK USD0.001 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 540.00 823,531 08:00:00
Bid Price Offer Price High Price Low Price Open Price
530.00 550.00 540.00 540.00 540.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 64.78 18.00 24.14 22.4 303
Last Trade Time Trade Type Trade Size Trade Price Currency
16:21:48 O 180,000 540.00 GBX

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Date Time Title Posts
23/9/202111:30SOMERO - laser guided construction equipment2,652
25/9/201500:12SOMERO - laser guided construction equipment14
10/1/201418:33Somero - Laser-guided construction equipment92
26/2/201307:28somero sales up 47%-
09/1/200912:39Time to buy SOM and tuck away ????15

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Somero Enterprise (SOM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-09-24 16:15:00540.00180,000972,000.00O
2021-09-24 16:15:00540.00180,000972,000.00O
2021-09-24 16:15:00540.0050,000270,000.00O
2021-09-24 16:15:00540.0050,000270,000.00O
2021-09-24 16:15:00540.00145,000783,000.00O
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Somero Enterprise (SOM) Top Chat Posts

Somero Enterprise Daily Update: Somero Enterprise Inc. is listed in the Industrial Engineering sector of the London Stock Exchange with ticker SOM. The last closing price for Somero Enterprise was 540p.
Somero Enterprise Inc. has a 4 week average price of 455p and a 12 week average price of 430p.
The 1 year high share price is 565p while the 1 year low share price is currently 227.50p.
There are currently 56,175,742 shares in issue and the average daily traded volume is 310,793 shares. The market capitalisation of Somero Enterprise Inc. is £303,349,006.80.
arregius: New product sneak peekhttps://twitter.com/arregius/status/1440361903000211460?s=21Somero S-PS50 is a 50 foot boom laser screed® machine that will tackle any panel project and deliver on our FASTER.FLATTER.FEWER™ promise in ways the tilt market has never seen before. #SOM
lammylover: Love this company - been holding over 4 years and continue to hold for share price growth and dividend. Share price at 560p currently (up 4.7% this morning) My only regret is that I should have bought more shares last November when they were languishing around 240p due to CV19 anxiety and wider market concerns.
benbay001: I dont get this obsessions with Somero aggressively targeting overseas expansion at all. Som are well aware they have a small presense outside of the USA, they talk about Aus, China and Europe multiple times in the HY results. They even talk about how the SRS-4 was designed with Europe in mind, being smaller and more easily transportable, and how therefore SRS4 is actually selling. I love Somero because it has a wonderful balance sheet, gets an incredible ROE and generates a ton of cash that comes back to shareholders. Setting up more and more sales offices around the world could quite easily put an end to that. Let the management do what they are doing. Its working.
tole: https://www.fool.co.uk/investing/2021/09/08/profits-jump-over-200-at-this-cheap-uk-share-ill-keep-buying/Profits jump over 200% at this cheap UK share! I'll keep buyingPaul Summers | Wednesday, 8th September, 2021 | More on: SOMArrowings ascending on a chalkboard Image source: Getty Images.When it comes to small-cap stocks, one of the best performers in my own portfolio recently has been concrete-levelling equipment manufacturer Somero Enterprises (LSE: SOM). The price is up another 8% today following a very positive set of interim results. Here, in a nutshell, is why I'd continue buying this cheap UK share. What's got the market so excited?Fantastic trading, that's what! Revenues from the first half of 2021 came in at $64.4m. That's an 82% jump from the same period last year.Much of this rise was attributed to a "very strong and highly active" US market - the firm's biggest - and customers attempting to make up for lost time last year. Demand for new warehousing due to the huge growth seen in e-commerce following the pandemic was another reason. Elsewhere, three of the company's five international markets delivered revenue growth. Naturally, all this has been good news for Somero's profits. Adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) jumped 183% to $24.6m. Margins also rose to 38%. On a statutory basis, pre-tax profit rocketed 213% to $23.5m.An abundance of cash flow was also good news for those holding for income. A stonking 125% hike to the interim payout, to 9 cents per share (6.5p), was announced. Analysts currently have the firm down to return 29 cents (21p) for the whole year. That's a chunky yield of 4% at the current share price. Even if I end up reinvesting this money in the company, I certainly won't be turning that down!Can this purple patch continue? Things definitely look positive. Following today's very encouraging numbers and based on trading momentum going into H2, Somero hiked its full-year guidance. It's now predicting record revenues of roughly $120m for the whole of 2021. A target of £42m for adjusted earnings has also been targeted.As good as these numbers are, however, it's the long-term prospects of Somero that I'm more interested in. On this front, I remain bullish given ongoing product development/launches, a growing workforce and expansion in markets like Australia. In fact, the firm is looking to begin increasing operational capacity by 35% towards the end of the year.Still a buySomero traded on just 14 times earnings before the market opened. That's a steal, in my (probably biased) opinion, especially as it consistently generates great margins and returns on capital. This cheap UK share is also a leader in specialised niche, giving it something of an economic moat.However, this is not to say that there won't be headwinds ahead. Trading clearly has the potential to be disrupted by ongoing issues with supply chains. Then again, it's getting increasingly difficult to find a company/stock that won't be affected by this issue. On a positive note, SOM did say today that it had "robust plans in place" to tackle this problem if it continues. Aside from this, one also needs to remember that construction is a cyclical industry. So, there's certainly potential for the shares to jettison gains made over the last year (+150%) if the global recovery slows.Again, however, I think Somero should be able to take any strain in its stride. Management expects the company to boast $36m in net cash at the end of the year. That's a sufficient buffer for me to feel the risk/reward trade-off for this cheap UK share is still in my favour.
shearluc: From Stockopaedia today: Somero Enterprises Inc (LON:SOM) (I hold) 435p - £250m mkt cap Trading Update Somero® is pleased to provide an update on trading for the current financial year, ending 31 December 2021 ("FY 2021") following the end of its first half ended 30 June 2021 ("H1 2021"). Raising guidance due to stronger than anticipated trading in the US to end H1… and with this momentum carrying over to begin H2 2021, it now expects to exceed previous guidance for FY 2021 established in the 6 May 2021 Old guidance - The Company's previous FY 2021 guidance indicated revenues were expected to approximate US$ 100.0m, adjusted EBITDA would approximate US$ 31.0m and net cash would improve consequentially from the original US$ 27.4m target established in our 10 March 2021 final FY 2020 results statement. New guidance - The Board now expects FY 2021 annual revenues will approximate US$ 110.0m, adjusted EBITDA will approximate US$ 35.0m, and year end net cash is expected to exceed US$ 33.0m. That’s a 10% upgrade to full year revenues, and 13% increase in EBITDA guidance. Or, $10m additional revenues, and $4.0m additional EBITDA. That makes sense, given that the gross margin was 55% last year, so today’s upward guidance allows for $1.5m higher overheads (i.e. $5.5m additional gross profit, resulting in $4.0m additional EBITDA). Other points - Strong trading in May & June 2021 in its main market of the US. Higher momentum is carrying over into the start of H2 Customer workloads at high levels, extending into 2022 (backlogs from covid) & healthy construction market (non-residential sector) eCommerce requirement for new warehousing is mentioned as a driver for growth Other regions trading in line with expectations New products contributing meaningfully to growth as expected Pipeline of new products to expand addressable market Dairy date 8 Sept 2021 for interim results to 30 June Valuation - Finncap has issued an update. Price target going up to 590p. Profit forecasts go up 13.6% this year and next year: FY 12/2021: 45.4c = 32.9p (at £1 = $1.38), a PER of 14.3 (based on 470p current share price) FY 12/2022: 48.7c = 35.3p, a PER of 13.3 My opinion - Somero looks good value to me, for such a high quality, cash generative business. It pays out cash in divis, and retains a strong balance sheet. This share seems woefully under-appreciated by the market, and always has been. I think it could sensibly re-rate to a PER of 20+ in the current market, so there’s good upside if I’m right about that. Obviously we have to take into account that it’s a cyclical business, so how you view it depends on where you think we are in the economic cycle? My view FWIW is that it’s looking increasingly as if we’re in the early stages of an economic boom - which tend to last several years before things overheat & crash. Personally I’m sitting tight with no plans to sell, or trim my existing holding in SOM. Obviously it’s up to you what you decide to do with your own money, e.g. some people like to bank profits when things rise a lot, or top slice some of them. For me though, the compelling value means I’m sitting tight for the foreseeable future. A takeover bid wouldn’t surprise me, as a bidder could pay the customary c.30% bid premium, and still buy it at a reasonable price, load it up with debt, and pay off the debt from the cashflows. Looks an obvious candidate for private equity in my view. . 9cd531f53f9e8e216ecd1ed49bc67216a7bd64f81625643055.png
clitheroekid: This has been my best investment for years, combining a near doubling of the price plus a fantastic divi (paid into my II SIPP with no deduction of withholding tax). For those like me who weren't really sure what Somero machines do here's a good video showing them in action - https://www.youtube.com/watch?v=ODiJicl2lOY It feels good to be a shareholder in a company that makes products of the highest quality and which are in such demand. Bearing in mind the potential for growth and the huge infrastructure spend that's coming in the US they are still cheap, even after the hefty rise in the share price I just wish I'd bought more.
eggbaconandbubble: Despite the bullish tone they are still appear to be very inward looking towards the US market. Performance in 'Europe and Australia' is given lip service and no mention of ROW!!! FFS Somero - there is a huge huge market out there - much bigger than just the US. Think Middle East, Asia, South America even. These overseas areas are not inhabited by beings with three legs and one eye! Think Saudi for one - Loads of dosh and MBS hell bent on building loads and loads of infrastructure that they don't really need! If SOM start putting as much effort into their export markets and they do at home - I don't see eight to ten quid share price as being out of the question. SWTFDIK!!!
rcturner2: Paul Scott very positive on Stockopedia: The StockReport is showing forecast revenues of $93.3m existing, so upgrading that to $100m is an impressive move coming well before the half year end. Could there be more to come later this year? Broker update - Thanks to Finncap for publishing an update note this morning, which gives the more meaningful EPS forecasts (I find adj EBITDA fairly useless in valuing shares). This update shows: FY 12/2021: forecast EPS raised from 34.5c to 39.9c, up nearly 16% - a sizeable increase in forecast. Converting into sterling, at £1 = $1.39, gives 28.7p. At 422p per share, that’s a PER of 14.7 - which looks very cheap. My opinion - I think this share justifies a PER of 20, which implies a target share price of 574p (upside of 36%). There could be more upside on that, as the rest of today’s update sounds positive about European markets opening up, new product launches, etc. Hence I suspect we might see more upgrades as 2021 progresses. Management tend to be prudent with guidance. The macro picture seems very positive for SOM, with lots of infrastructure spending, and huge QE/deficit fuelled Govt stimulus means we probably have several years of boom times coming. What happens after that, who knows? Inflation becoming more of a problem, maybe, but we can worry about that later. For now, SOM is one of many companies reporting strong updates, which generally justify the big rise in share prices we’ve seen in the last 6 months. In this case, I think SOM shares could have further to run - the improving fundamentals justify it.
tomps2: Somero (SOM) Full Year 2020 results presentation, given by the management team on the 15th March 2021. Watch the video here: Https://www.piworld.co.uk/2021/03/23/somero-som-fy20-results-presentation/ or listen to the audio only version here: Https://piworld.podbean.com/e/somero-som-fy20-results-presentation/
eezymunny: SOM revenue in 2007 was $66m, 2008 was $52m, 2009 $24m, 2010 $21m. Underlying profits collapsed from $10.7m to LOSSES in 2009, 2010 and 2011. ie this business fared extremely poorly in the last recession. It's cyclical. Lots of cyclicals have been decimated recently in the US. ie US market sensing possibility of a recession in the reasonably near future (1-2 years). Last recession SOM share price collapsed from c. 160p to c. 11p So people "amazed" at the fall need to consider this in their valuation IMO. The company has kept a very sizeable cash balance (very wise) so that it can weather the next economic storm when it comes, but the possibility of SOM share price halving or worse from here is IMO very real. Of course there may not be a recession ever again :)!!!
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