Sureserve Share Discussion Threads

[rivaldo] 20/4/2021 14:11

...and further to the above, the Government has today announced the UK will speed up targets to cut carbon emissions to 2035 from 2050. Which will mean lots more low-carbon heating, better insulation for homes etc. Which is ideal for SUR.

[rivaldo] 19/4/2021 22:35

Warmworks is a JV between Energy Saving Trust, Changeworks and SUR's Everwarm. Today Warmworks is one four winners on a £78m 4.5 year project to act as Managing Agent "across 17 consortia/ areas made up of 141 local authorities across the South East of England; to deliver a large scale, low carbon project to deliver energy retrofit and low carbon/renewable technologies across all tenures of housing stock": Https://bidstats.uk/tenders/2021/W16/749142314 A nice ESG angle in addition to the financials.

[rivaldo] 19/4/2021 07:29

Great to see Octopus buying and on board as a major shareholder now. The list of major shareholders is impressive - this represents 60% of the shares in issue: Shareholder Number of ordinary shares Percentage held Harwood Capital LLP 30,565,000 19.23% Slater Investments 22,068,325 13.83% Estate of Steve Rawlings 17,409,196 10.95% Chelverton Asset Management 7,750,000 4.86% Downing LLP 7,715,268 4.84% Carol King 5,337,929 3.36% Octopus Investments 5,000,000 3.11%

[knowhow77] 16/4/2021 17:48

Feels like things are coming all together at the moment and the interims not far away also must be getting closer to appointing a new Boss

[vfast] 16/4/2021 17:01

Octopus Investments, nice to see a new investor taking interest with just over 3% of the share capital.

[djstevens8614] 15/4/2021 12:08

Yes thanks for the L2 info, very useful.

[knowhow77] 15/4/2021 12:07

Director buying all looking very positive

[tizo100] 15/4/2021 12:04

Thanks for the info good to know for us that don't have level 2

[vfast] 15/4/2021 09:15

Just checked looks like a buyer(s)are after stock. MM's bidding up to 80p for up to 300,000 shares. SP might start to push up again.

[gswredland] 14/4/2021 08:20

Thanks rivaldo

[rivaldo] 13/4/2021 22:29

For the record, the interims will be out on 18th May: Https://www.investegate.co.uk/sureserve-group-plc--sur-/rns/notice-of-interim-results/202104121540221924V/ 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"

[tizo100] 08/4/2021 21:02

Let me know I will buy more !

[harrywilliam] 08/4/2021 19:50

I topped up today

[pinemartin9] 08/4/2021 19:28

Any idea why the drop? Just not fashionable at the moment because of quicker gains elsewhere or profit taking? I'm watching. I sold the day of the NT tip so am a bit gutted. Looking for a reentry....

[johnrxx99] 07/4/2021 06:36

Thanks Rivaldo, excellent leads as well.

[gswredland] 01/4/2021 16:33

Looks like a lot of P I's buying this afternoon Possibly tipped?

[vfast] 01/4/2021 10:14

Thanks Rivaldo, interim results due out in June and by then we should be heading to the 100p level and we might just break that level with a good set of results and an interim dividend start up. It will also be interesting to see who the new Chairman will be and if the City like him I can see the share price jump on that news.

[gswredland] 01/4/2021 09:39

Thanks Rivaldo Interesting

[rivaldo] 01/4/2021 08:33

The IC have carried out a screening test for GARP (growth at a reasonable price) of all stocks in the FTSE All-Small and Alternative Investment Market (Aim) indices. Only three AIM stocks pass all 7 tests. SUR are one of them (I also hold EKF and KAPE, which are in the top 8 companies passing 6 out of 7 tests)..... Https://pdfs.investorschronicle.co.uk/IC_AlphaScreenGARP_220321.pdf Extract: "The screening criteria are: ●A PEG ratio in the bottom quarter of all stocks screened. ●EPS growth forecast for each of the next two financial years and an average growth rate over the period of more than 10 per cent and less than 50 per cent(i.e. high, but sustainably so). ●Either a return on equity (ROE) of over 12.5 per cent or an operating margin of over 15 per cent (i.e. an indicator of a quality business that may have a sustainable advantage). ●Either three-month share price momentum better than the median average or earnings upgrades of 10 per cent or more over the past three months (i.e. recent reasons to feel positive). ●Operating cash conversion of 90 per cent or more. ●Net debt of less than 1.5 times cash profits. ●A market capitalisation of more than £10m (i.e. not severely illiquid). Not many stocks pass such a stringent list of criteria."

[knowhow77] 30/3/2021 18:55

Maybe they are tidying the shop up before a buyer comes in !!!

[slopsjon2] 30/3/2021 17:56

Chris Mills is also a director of Harwood Capital which has 19% of Surserve. So is he selling a personal holding or some of Harwood Capitals holding. This is from the 23/11/19 Director Dealing Sureserve was notified today that on 22 November 2019, Harwood Capital LLP purchased 324,711 ordinary shares in Sureserve ("Ordinary Shares") at a price of 29 pence per Ordinary Share. Christopher Mills, Non-Executive Director of Sureserve, is deemed to be person discharging managerial responsibilities at Harwood Capital LLP and is therefore deemed to have an interest in 30,489,711 Ordinary Shares of Sureserve representing 19.18% of the issued share capital of Sureserve.

[vfast] 30/3/2021 17:17

There are many reasons why he has sold a very small amount of his holding. My guess is we are at the end of the financial year and just offsetting some profit against some losses. It has had a good run this year, all just part of climbing the mountain.

[knowhow77] 30/3/2021 16:48

All seems a bit strange at the moment

[igoe104] 30/3/2021 16:46

Chris Mills also sold another 250k as well. Bloody hell.

[slopsjon2] 30/3/2021 15:09

That prompted me to look at Harwood Capital. Their Atlantic Smaller Companies Investment Trust has these two in their top ten holdings, both Harwood Capital funds. Oryx International Growth Fund Limited* 15.00% Harwood Private Equity Fund 5.12% Don't think I would happy investing in the Atlantic Smaller Companies Investment Trust if it just invests 20% into other funds it manages. Although the trust hasn't done to bad.