Specialist Energy Share Discussion Threads

[bones30] 28/2/2012 12:28

Stock seems tight. TDW won't give me a firm quote for £1000 worth.

[bones30] 23/2/2012 13:41

MBE Minerals Technologies were buying at perhaps nearly double these prices.

[bones30] 23/2/2012 13:35

Bought back in today. Only a small holding.

[transforma] 17/2/2012 15:13

Specialist Energy Group plc - Unaudited interim results for the six months ended 30 June 2011

Specialist Energy Group plc, the specialist engineering group, today announces its interim results for the six month period ended 30 June 2011. The results include the contribution from its operating subsidiary, Hayward Tyler Group Limited ("Hayward Tyler"), a market leader in the design, manufacture and service of critical application pumps and motors to the power generation and oil and gas markets.

Financial Highlights:

· Order intake increased by 20% to £16.5 million (H1 2010: £13.8 million);

· H1 revenues of £14.4 million decreased mainly due to the manufacturing business (H1 2010: £18.1 million*);

· Gross profit margin increased to 34.1% (H1 2010: 32.3%) reflecting higher proportion of aftermarket business;

· EBITDA of £0.8 million (H1 2010: £1.4 million*);

· Operating profit of £0.5 million (H1 2010: £1.1 million*);

· Net debt decreased to £9.3 million (H1 2010: £10.5 million) but up from year end as a result of a temporary increase in working capital;

· Adjusted pre tax profits of £0.2m (H1 2010: £1.0m).

Business Highlights:

· Over 80% of revenues derived from the power generation and oil & gas markets;

· Higher margins being driven by the aftermarket business with the trend set to continue;

· New unit contract wins driven by oil & gas;

· Tyrihans subsea boosting system officially opened and GE Oil & Gas deep submersible motor shipped;

· Recovery in nuclear aftermarket activity post the Fukushima incident.


Ewan Lloyd-Baker, Chief Executive, commented:


"We are pleased that order intake levels in Hayward Tyler have continued to grow in line with previously stated expectations. It is also encouraging to see a further improvement in gross margin levels. However, it is disappointing that delays in the manufacturing division have impacted our half year numbers. We nevertheless expect to see a substantial improvement in the operational performance of the business in the second half though inevitably the timing of certain contracts completing will ultimately determine the scale of our full year results. That said, we believe that despite the global economic uncertainty the longer term outlook for the international market for power generation remains buoyant.

The Board is also pleased that the distractions, caused by receiving certain approaches are now over and that it can return its full focus to growing long term value growth for its shareholders."

[mildred49] 16/2/2012 21:53

Isn't the problem the debt ? It looks cheap on Market Cap basis but EV is expensive.

[transforma] 16/2/2012 21:46

Thanks Bones, I still think this one is a great opportunity, I've been nibbling away at it, trying to accumulate and not influence the price too much!

[bones30] 12/2/2012 01:13

Transforma, I've been here since this was NVR (Nviro Cleantech).

You need to read the NVR thread(s) perhaps?



Good luck, I am still on the fence about this one.

I sold the last few just after Fukashima because I thought Nuclear power sector may take a hit and therefore pumps etc. Turns out wasn't a bad move, but this has fallen a long way since, so may be a buy soon. It was quite illiquid last time I traded it as well.

[transforma] 10/2/2012 20:29

I have just looked again at the 5yr chart when the share price was £6. Has anyone been here for the whole journey? Is the reduction in share price due to dilution from fundraising, is it divestment or just sentiment?

[transforma] 10/2/2012 20:18

I like this share; looks very undervalued to me; i think it is one of those very ignored shares that can come alive with good news; I liked the statement:

"Specialist Energy Group plc (AIM: SEG), the specialist engineering group, is pleased to report that the Company ended the year with an order intake for 2011 of GBP31.6million, a 5% increase over 2010."

Interestingly the revenues announced in 2010 pushed this up to 80p; looking at the revenues just announced this share should be £1 today.

Has there been a large institutional seller? Is there an overhang?

[dunluce] 07/2/2012 16:30

When I bought the spread was just slightly narrower than currently - however I put in a Fill or Kill order just above mid point and it was filled.

[bones30] 07/2/2012 00:02

Transforma, I've looked at buying a few times lately but the spread puts me off too.

[transforma] 06/2/2012 19:28

I found the spread off putting today. 27 to 33p that's 20% which is too large, the mm clearly don't know which way this is going.

[dunluce] 06/2/2012 08:54

Decided to take a punt here - the company does seem to me to be undervalued and currently off the radar - a combination I like to find when buying...hopefully the prelims in April will bring us more attention and show good progress.

[transforma] 04/2/2012 19:43

Revenue is £32m and rising; profits above £2m and rising; and a valuation of £7.5m!

Seems extremely undervalued to me.

DYOR

1 February 2012

Specialist Energy Group plc

Pre-close statement and preliminary results publication date

Further to the announcement of 8 November 2011, Specialist Energy Group plc (AIM: SEG), the specialist engineering group, is pleased to report that the Company ended the year with an order intake for 2011 of GBP31.6million, a 5% increase over 2010.

The Company is also pleased to report that it continues to strengthen the management team of its main operating subsidiary, Hayward Tyler, with the appointments of a Group Chief Operating Officer, Group Supply Chain Director, and Group Human Resources Director. The appointments reflect the continuing investment in the business as it develops a more reliable supply chain and flexible manufacturing operation to support its international customer-base

Specialist Energy Group expects to publish its preliminary results for the year ended 31 December on or around the week of 16 April 2012.

Ewan Lloyd-Baker, Chief Executive of Specialist Energy Group plc, commented:

"We are pleased with the trading levels experienced in the second half which significantly exceeded those achieved in the first six months of the year."

[fillipe] 19/12/2011 16:20

Topped up with more SEGR. I doubt they'll go any lower unless they come out with some disappointing news, which I feel is unlikely.

Also it'll not be all that long before the time of being out of an offer period has gone by.

f

[glyn10] 25/11/2011 12:47

might be time to top up !

[littlebro2] 25/11/2011 11:29

Down, down, deeper and down....

Not sure whether to bail on this.

[tigluck] 08/11/2011 11:09

Good news at last.

[paragon157] 01/11/2011 09:57

Yeah our Old Mucker Brigadier Ewan in his Red Socks .. Lmao at him !

[littlebro2] 24/10/2011 10:02

OK, cheers Solarno.

Disspaointed with this....I really thought this would be the golden share in my portfolio. Such great potential.

[solarno lopez] 17/10/2011 16:23

The bid has been dropped and the results weren't upto expectation

[littlebro2] 17/10/2011 16:22

...and seeminlgy continue to drop!

[littlebro2] 17/10/2011 16:22

What has changed since July for this share to HALVE in value?

[littlebro2] 13/10/2011 21:57

I thought Ewan was a mate of yours Solarno?

So whats the low-down on this share? Not been wathching it closely for a while and in it seems to have gone very, very wobbly....

[solarno lopez] 04/10/2011 15:18

oh but it is