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
  -2.50 -0.54% 457.50 36,597 11:35:21
Bid Price Offer Price High Price Low Price Open Price
450.00 465.00 467.50 457.50 467.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 64.78 18.00 24.14 19.6 257
Last Trade Time Trade Type Trade Size Trade Price Currency
15:24:40 O 649 462.00 GBX

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Date Time Title Posts
10/5/202119:33SOMERO - laser guided construction equipment2,476
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 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 460p.
Somero Enterprise Inc. has a 4 week average price of 380p and a 12 week average price of 345p.
The 1 year high share price is 484.50p while the 1 year low share price is currently 172.50p.
There are currently 56,152,209 shares in issue and the average daily traded volume is 133,462 shares. The market capitalisation of Somero Enterprise Inc. is £256,896,356.18.
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 - 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.
rcturner2: RCTurner225 Apr '21 - 07:57 - 2417 of 2449 Edit 0 3 0 Somero is my best performing share but I believe very strongly in running winners. I will not be selling any Somero shares not now not for the foreseeable future. This company is very well placed to take advantage of what I believe will be a very strong economic recovery in the USA. My investment style is very much influenced by Philip Fisher and he would be turning in his grave at people selling Somero at this point.
rcturner2: Somero is my best performing share but I believe very strongly in running winners. I will not be selling any Somero shares not now not for the foreseeable future. This company is very well placed to take advantage of what I believe will be a very strong economic recovery in the USA. My investment style is very much influenced by Philip Fisher and he would be turning in his grave at people selling Somero at this point.
kenmitch: eggbaconandbubble A solution is to top slice and do some selling when we’ve done well in bull markets like the present one. That raises plenty of cash to be redeployed after significant market falls. No idea, when the next significant falls will. be, but markets always have temporary dips and buying after them works far more often than not, and buying after a big crash as happened in March last year, always works as long as we buy quality. Buying low and selling high is not difficult once we try it. The problem often is that investors are scared stiff at market bottoms when they should be buying and far too confident near market tops when it pays to be wary. So best to do some cashing in on gains after a very good run, and then actually to look forward to a 20% or more fall and with cash to deploy then. Everyone should try it. It works. e.g when I checked a couple of weeks ago almost every share in the top 250 had gone up from their lows and a huge number at least 50% and many have doubled and some tripled and more.
chashley1806: Long time holder of SOM. I agree that SOM prospects are looking good. I put that down to the massive fiscal stimulus that Biden is putting into place for the US economy. I've read speculation that will drive the investment in roads infrastructure that Trump also promised but somehow never materialised. Point is that SOM will benefit if distribution centres are built alongside the renewed infrastructure
tomps2: Somero (SOM) Full Year 2020 results presentation, given by the management team on the 15th March 2021. Watch the video here: Https:// or listen to the audio only version here: Https://
fredfishcake: Mentioned in Shares mag today in their 'great ideas' section. "Somero credited a strong US market, good contributions from new products and higher revenues from its SkyScreed family of products following an easing of job-site restrictions. Cash generation has been good thanks to effective working capital management and customers paying on time. Broker FinnCap raised its adjusted pre-tax profit forecast for 2020 by 11% to $19.6 million and implied Somero could be more generous with its dividends thanks to higher cash, upgrading its total dividend estimate for the year to 21.8 cents. It also raised its share price target from 255p to 285p based on a fair value price to earnings ratio of 14 for the 2020 financial year. SHARES SAYS:  It’s great to see an improvement in Somero’s trading and the latest update confirms our original premise that this is a solid business." Can't say as I'm wildly impressed by Finncap's estimate!
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 :)!!!
Somero Enterprise share price data is direct from the London Stock Exchange
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