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SUR Sureserve Group Plc

124.50
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Sureserve Investors - SUR

Sureserve Investors - SUR

Share Name Share Symbol Market Stock Type
Sureserve Group Plc SUR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 124.50 00:00:00
Open Price Low Price High Price Close Price Previous Close
124.50 124.50
more quote information »
Industry Sector
SUPPORT SERVICES

Top Investor Posts

Top Posts
Posted at 26/7/2023 15:38 by davidosh
I received mine yesterday and put half into RTC Group this morning on the excellent interims announced. They have turned things around from losses in H1 last year and back paying aa dividend.

RTC looking interesting on a likely p/e of 4 and near 10% yield paying 1p at the interim and usually double that in the finals.

Disclosure...I do have a significant holding already so very happy to see tens of investors agreeing with me today. It should return to pre pandemic levels around 70p and the order book looks huge
Posted at 20/5/2023 22:27 by gargoyle2
Momentum Investor today says await developments, there's still time for a counter-bidder. Probably unlikely at this late stage imo, but anyone who is still holding now might as well waitand see what happens.
Posted at 17/4/2023 16:00 by vfast
Mr Smith stopped the dividend in Jan 2022 to focus on acquisitions that was 16 to 17 months back.

The right acquisition at the right price is very important and not easy to acquire however Mr Smith and Co should be well aware of that fact. So it could be argued by stopping the dividend and making a statement regarding when he expected things to happen shows he may not be "on the ball".

SUR in 2022 was tipped by everyone and their granny and rated to be one of the top movers but we all know that did not happen although their figures were excellent.

I was once informed by a wealthy investor that the share price movement or lack of is telling a story.

As far as I'm concerned the jury is still out nevertheless a judgement will be made in 2023.
Posted at 17/4/2023 08:28 by rivaldo
I'm quite happy to sleep easy with this stock whilst many other companies' share prices have fallen or are falling.

In a perfect world SUR would have sold their non-core business, acquired new ones using their cash pile, paid dividends etc. But this is not a perfect world. It takes a long time to buy and sell businesses at the right price, particularly in the current environment.

I would much rather see a large acquisition on the table than a paltry dividend as a sop to income investors - the resulting capital gains would likely be much larger, and dividends outside ISAs aren't much use these days for many private investors anyway given the much reduced allowances etc.

I understand frustration, but it's not long until next month's interims, so perhaps this will herald the start of a news cycle.
Posted at 27/1/2023 10:03 by rivaldo
The IC says Buy:



"Gas business heats up Sureserve’s prospects

Longer contracts offer greater visibility over revenue, CEO says

January 24, 2023

Sureserve’s (SUR) shift towards focusing on providing energy services to social housing landlords was fortuitously timed, given the greater focus on tackling fuel poverty following Russia’s invasion of Ukraine.

The company now installs and maintains gas heating, smart meters and renewable energy systems. The gas division continues to bring in most work, though, and the
average contract length has increased from five to six years, providing greater revenue visibility, chief executive Peter Smith said.

Its order book grew by 18 per cent to around £594mn at the year-end and it had 93 per cent of this year’s expected revenue secured as of 1 January. More than 90 per cent of gas contracts are also index-linked, providing protection against rising costs. Sureserve's cash profit margin widened from 5.7 per cent to 6.1 per cent.

The company has cash in the bank, but opted not to pay a dividend for the second year in a row, keeping its powder dry for acquisitions. Smith acknowledged this hadn’t played well with retail investors, but said he was “very clear why we’re
doing that” and that he had the backing of institutions.

Its M&A activity has been slower than anticipated – it changed advisers last year and deals were harder to complete due to a gap between buyer and seller expectations. It has faced the same issue with the two businesses it is selling – Sureserve Fire & Electrical and Precision Lift Services. It recorded a £3.5mn goodwill impairment against the carrying value of the lift business based on the value of offers received.

Broker Peel Hunt lifted its earnings per share estimate by 7 per cent to 9.3p. The shares trade at just over nine times this level, well below peers. Buy."
Posted at 24/1/2023 13:35 by knowhow77
Got to make HSmith 08 right seems to be a recurring pattern and I cannot see the day they spend £40M on a aquisition!
A dividend still attracts investors and they need to get around the city promoting the company
Posted at 22/11/2022 14:38 by rj777
AngerSharkz: yes that is correct between those two set time scales, but is no longer the case. Therefore that argument can’t be pushed anymore, and taking a longer term view over the course of the year the performance is not robust. I brought this up as it was one of the things cited by Peter Smith in response to an investor email: that the share price has outperformed the market. It’s my belief he should be doing more to promote the Sureserve business, as like you say it is one of the few with increasing EPS, revenue etc. What’s not to promote?

It shows how important investor relationships are, if people don’t know about the business they can’t invest in it. Management have to been seen more via various channels - as other similar sized companies are.

I hold other shares where management are more proactive, and it attracts investors.

I’m of the belief, like most others, that this share price is worth a lot more, but for that to become a reality we are all going to need the management to do more than they have in 2022.

Personally I sell shares when the story/metrics have changed. Until that is the case here I remain a holder. I haven’t reached the end of the line as you put it, but like everyone else I’m allowed to call things as I see them being a shareholder.

All just my opinion of course, and everyone is different.
Posted at 08/11/2022 12:21 by vfast
Yes, investors appear to be still selling however at some stage investors will come back in and the share price will bounce back.
Posted at 27/10/2022 18:26 by rj777
AngerSharkz:
No a 1p dividend isn’t going to attract flocks of investors overnight, but pulling it completely can definitely put off potential investors, and hurt the share price. On the flip side what difference does pulling a 1p dividend, equivalent to about £1.6M, make to the potential acquisition power of SUR who have over £20m in the bank with a £15m overdraft facility on top?

Can you see why the reason given for pulling the dividend just does not add up to me?
Posted at 24/10/2022 12:07 by vfast
There is no doubt SUR is a good company with substantial growth and profitability. Growing cash in the bank £23 plus and debt free.

The outlook also looks very good however the only problem is the share price does not reflect the present value let alone the potential of the company looking forward.

I believe we need management to be more proactive and highlight the positives and push the company’s potential to investors and attract them in.

For that to happen I would like to hear some news coming out, whether that is special dividend, start-up of annual dividends, the sale of the 2 businesses. There may be an argument for an acquisition but it must be at a good price and will add good EPS…not risky.

For me the sale of the 2 businesses and/or special div / annual div.’s The company needs to appeal to investors rather than seeing investors selling. Good figures and cash in the bank is good but they need to reward their shareholders!

IMO DYOR

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