Sureserve Dividends - SUR

Sureserve Dividends - SUR

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Sureserve Group Plc SUR London Ordinary Share GB00BSKS1M86 ORD 10P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 81.50 08:00:00
Open Price Low Price High Price Close Price Previous Close
81.50 81.50 81.50 81.50 81.50
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Industry Sector

Sureserve SUR Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

rivaldo: For the record, the interims will be out on 18th May: Https:// Even with the Q2 lockdown the results should be good given the outlook from the prelims: "· 77% of FY21 revenue covered by the order book worth £355.8m, providing good visibility of non-volatile revenue streams · The Group is well-positioned for further organic growth in a fragmented and regional market · Strong start to trading in FY21 continuing the Group's momentum"
igoe104: Here is the Naked trader write-up. vote at the advanced zoom seminar for most interesting share with growth potential over the whole day went to (drum roll…..) Sureserve (SUR). On the face of it seems like a rather boring one. It provides maintenance, construction and energy support services to homes, schools and public buildings. So far, so yawn! But … it looks massively undervalued given profits are forecast to grow massively over the next 2 years. Broker notes from research-tree (see below for an offer re this site) are very bullish and say all valuation measures show the shares are worth over 100p and probably more suggesting there is little downside and lots of upside. Brokers left valuations unchanged after Bob Holt executive chairman said he was leaving, hats off to him. SUR had a debt of £47m when he joined and now it is debt free. Some nice upside to come for SUR here given patience.
rivaldo: For the record, Shore Capital yesterday reiterated their forecasts of 6p EPS this year (1.3p dividend), rising to 6.7p EPS for the year starting 1st October this year (1.5p dividend), having a week or so ago suggested a fair value of above 100p: "Estimates unchanged and positive view remains. We maintain our view of the Group’s attractions, outlined in our 9 March report, Energy supplement. We believethe two divisions offer high revenue visibility from typically multi-year contracts: Compliance,underpinned by the regulatory necessity to monitor safety in social housing; and Energy Services, by national and local government commitments to carbon reduction. We see Sureserve as combining growth, low risk and cash generation. Our estimates are unchanged and we believe the shares continue to offer good value, P/E 10.4x FY 23F, explored further in our 9 March note."
barnesian: Sorry wrong year! The agenda for this year's AGM has as resolution 4 4. THAT Bob Holt be re-elected as a Director of the Company. Here we are: Result of Annual General Meeting Sureserve (AIM : SUR), the compliance and energy services Group, announces that at the Annual General Meeting held earlier today all resolutions as set out in the notice of annual general meeting were passed, with the exception of Resolution 4 which was withdrawn ahead of the annual general meeting, following the earlier announcement today regarding Directorate change.
rivaldo: Congrats to Bob Holt. He's overseen the turnaround and done his job - no need to overstay. Per the RNS, SUR are now: "a highly successful and well-focussed Group in attractive market segments underpinned by regulatory drivers. Sureserve is now debt-free with a re-instated dividend, posting EBITA of GBP10.4m in the latest financial year and the Group now has firm foundations from which to deliver its growth plans." In particular: "Sureserve is now ready to develop and execute its growth strategy, which will be a very exciting time for all of us." Now where's that AGM statement?!
vfast: Two Proactive Articles Dated the 2nd and 10th of Feb. Sureserve Group plans dividend return as performance defies pandemic Calum Muirhead 15:20 Wed 10 Feb 2021 Sureserve makes strong start to new year; Peel Hunt ups target price The board has proposed a doubling of the dividend to a penny John Harrington 09:40 Tue 02 Feb 2021
shanklin: Results look great but I am yet to find how much money SUR received from the Government, perhaps its hidden in the notes? It is presumably very significant given they had 40% of staff on furlough at one poin, and their costs for the year are significantly down. Quite surprised they think its appropriate to pay a dividend. Looks a strong business in normal times. Covid has obviously hurt operations but been offset, no idea by how much, by the benefits of Government cash.
vfast: Worth reading. Simple Wall St seem very keen on SUR. Here's Why We Think Sureserve Group (LON:SUR) Is Well Worth Watching By Simply Wall St Published December 09, 2020 hxxps:// Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses. In contrast to all that, I prefer to spend time on companies like Sureserve Group (LON:SUR), which has not only revenues, but also profits. While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. In comparison, loss making companies act like a sponge for capital - but unlike such a sponge they do not always produce something when squeezed. View our latest analysis for Sureserve Group How Fast Is Sureserve Group Growing Its Earnings Per Share? In the last three years Sureserve Group's earnings per share took off like a rocket; fast, and from a low base. So the actual rate of growth doesn't tell us much. Thus, it makes sense to focus on more recent growth rates, instead. Like the last firework on New Year's Eve accelerating into the sky, Sureserve Group's EPS shot from UK£0.015 to UK£0.034, over the last year. Year on year growth of 121% is certainly a sight to behold. I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). Sureserve Group maintained stable EBIT margins over the last year, all while growing revenue 8.4% to UK£219m. That's progress. Fortunately, we've got access to analyst forecasts of Sureserve Group's future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting. Are Sureserve Group Insiders Aligned With All Shareholders? Like standing at the lookout, surveying the horizon at sunrise, insider buying, for some investors, sparks joy. That's because insider buying often indicates that those closest to the company have confidence that the share price will perform well. However, insiders are sometimes wrong, and we don't know the exact thinking behind their acquisitions. We haven't seen any insiders selling Sureserve Group shares, in the last year. So it's definitely nice that Chief Executive & Executive Chairman Robert Holt bought UK£23k worth of shares at an average price of around UK£0.51. The good news, alongside the insider buying, for Sureserve Group bulls is that insiders (collectively) have a meaningful investment in the stock. To be specific, they have UK£9.2m worth of shares. That's a lot of money, and no small incentive to work hard. That amounts to 10% of the company, demonstrating a degree of high-level alignment with shareholders. Should You Add Sureserve Group To Your Watchlist? Sureserve Group's earnings per share growth have been levitating higher, like a mountain goat scaling the Alps. The cherry on top is that insiders own a bunch of shares, and one has been buying more. This quick rundown suggests that the business may be of good quality, and also at an inflection point, so maybe Sureserve Group deserves timely attention. Of course, just because Sureserve Group is growing does not mean it is undervalued. If you're wondering about the valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
vfast: Just came across this article dated 19 Oct 2020. First time I have seen it and it makes interesting reading! Does Sureserve Group's (LON:SUR) Statutory Profit Adequately Reflect Its Underlying Profit? By Simply Wall St Published October 19, 2020 hxxps:// Broadly speaking, profitable businesses are less risky than unprofitable ones. That said, the current statutory profit is not always a good guide to a company's underlying profitability. In this article, we'll look at how useful this year's statutory profit is, when analysing Sureserve Group (LON:SUR). While Sureserve Group was able to generate revenue of UK£219.1m in the last twelve months, we think its profit result of UK£5.35m was more important. The chart below shows that while revenue has fallen over the last three years, the company has moved from unprofitable to profitable. Of course, it is only sensible to look beyond the statutory profits and question how well those numbers represent the sustainable earnings power of the business. Today, we'll discuss Sureserve Group's free cashflow relative to its earnings, and consider what that tells us about the company. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. A Closer Look At Sureserve Group's Earnings In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. The ratio shows us how much a company's profit exceeds its FCF. Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth. For the year to March 2020, Sureserve Group had an accrual ratio of -0.11. That indicates that its free cash flow was a fair bit more than its statutory profit. Indeed, in the last twelve months it reported free cash flow of UK£11m, well over the UK£5.35m it reported in profit. Sureserve Group shareholders are no doubt pleased that free cash flow improved over the last twelve months. Our Take On Sureserve Group's Profit Performance As we discussed above, Sureserve Group has perfectly satisfactory free cash flow relative to profit. Based on this observation, we consider it likely that Sureserve Group's statutory profit actually understates its earnings potential! And on top of that, its earnings per share have grown at an extremely impressive rate over the last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. While it's really important to consider how well a company's statutory earnings represent its true earnings power, it's also worth taking a look at what analysts are forecasting for the future. At Simply Wall St, we have analyst estimates which you can view by clicking here. This note has only looked at a single factor that sheds light on the nature of Sureserve Group's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.
rivaldo: Agreed igoe104....and not only that, but (1) SUR install heat pumps, and (2) SUR survey and install other energy saving measures in properties. So SUR stand to benefit from three of the measures in the new green energy programme to be outlined today: Https:// "Homes and public buildings The government has pledged to install 600,000 heat pumps a year by 2028 as part of plans to make homes, schools and hospitals greener. Ministers want gas boilers replaced by electric heat pumps, which extract heat from the ground or air surrounding a building. However, they are expensive and poor quality installations have undermined consumer confidence. Earlier this year the government announced a £2 billion green homes grant scheme, with vouchers of up to £5,000 for energy-saving measures."
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