Sureserve Share Discussion Threads

[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.

[knowhow77] 30/3/2021 14:35

Thanks for the reply

[igoe104] 30/3/2021 14:14

That's the problem you get with funds, shares start moving up and they have to average down, to balance their overall portfolio. Opportunity for others with these looking good value.

[knowhow77] 30/3/2021 13:57

What do you make of that latest RNS ?

[cerrito] 29/3/2021 15:45

I wondered how much the early winding up of the Green Homes Grant Scheme will impact them-probably not very much if it was as cumbersome as portrayed. I see it gets rather a lukewarm mention in the AR quote The Green Homes Grant scheme announced in July is a further UK-wide opportunity for Everwarm and the wider group unquote

[gswredland] 29/3/2021 15:05

Thanks rivaldo Always eagle eyed!

[rivaldo] 29/3/2021 14:58

SUR have today won a £2m contract over the next three years for the servicing & maintenance of communal fire alarms and equipment in Hampshire and the IOW: Https://bidstats.uk/tenders/2021/W13/747765896

[rivaldo] 29/3/2021 09:59

Indeed. Yet at 81p SUR are still only on a P/E of 13.5, which will drop to 12.1 after this September. And if you strip out the £9m-£10m net cash which will hopefully soon be used for acquisitions, the ex-cash P/E drops by a further 7%-8%.

[igoe104] 29/3/2021 08:19

Nice start to the week, gents.

[vfast] 26/3/2021 12:42

I'm sure we have all done it Pinemartin9. I'm staying put here and looking forward to the new Chairman's growth strategy. Still along way to go IMHO and they might just start up the interim dividends.

[pinemartin9] 26/3/2021 12:09

Still gutted I sold out about an hour before the NT pumped this and his disciples jumped on board! AARRGHHH! Should have remembered why I bought in the first place and stuck by my guns. Consoling myself that I made a nice profit but an example of how lack of patience can cost you in this game. Also how luck also plays a big part.

[rivaldo] 25/3/2021 23:07

Cheers for that - hopefully the NT's tip will take SUR into the 80p's for starters, and then further and nearer to those broker valuations of over 100p.