Sureserve Share Discussion Threads

[rivaldo] 29/1/2020 09:52

Edison have a comprehensive new note out.

They've increased their price target to 65p (from 45p) and see 5.1p EPS to this September, with 5.7p EPS to Sept'21.

Plus 0.5p and 0.7p dividends respectively:

[johndoe23] 28/1/2020 13:17

Some of the reported sells are buys

[vfast] 27/1/2020 15:15

No KH77, but I wish I had.

However it does look vulnerable and sure the recent media news would have attracted a lot of interest.

I'm in for the ride here and believe it will be a very profitable interesting one over the next 12 months.

IMO DYOR

[rivaldo] 27/1/2020 15:10

Nice move - but with 4.9p EPS forecast this year the P/E remains good value.

[knowhow77] 27/1/2020 14:50

VFAST do you have a crystal ball !!

[cheshire man] 27/1/2020 14:44

Nice jump in the share price :-)

[vfast] 26/1/2020 12:59

With a EPS forecast of 4.9p and a 50p share price target it now looks cheap for a company that has been restructured with a business that has leading roles in highly regulated profitable sectors. They have a clear growth strategy which appears to be immune to brexit and other outside influences.

I’m sure the 50p target will be revised in the coming months and a target close to 60p plus looks highly likely. We should find out in March/April at the AGM or when they release their interim results.

Given that in mind I can’t help feeling at 50p / 60p this must look attractive to one of the bigger players now and could be vulnerable at a takeover price of 75p / 85p.

IMO DYOR

[rivaldo] 26/1/2020 07:42

Master Investor feature SUR as follows in their latest round-up - it seems Shore Capital are now going for 4.9p EPS this year, so SUR really do still look pretty cheap:



"Sureserve Group (LON:SUR) – very quick price rise on good results

An 11.1% rise in revenue to £212m for the year to end-September 2019 helped to boost adjusted pre-tax profits by 25.7% to £8.3m, with earnings leaping 31.2% to 4.2p per share.

Those were impressive results and I understand that the current year has started strongly.

Brokers Shore Capital estimate that revenue will increase by £12.6m this year, with profits up nearly 15% to £9.5m, jacking earnings up nearly 17% to 4.9p per share.

The shares have had a very good quick run, peaking at 47p last Tuesday, and close the week at around the 44.5p level, just over 9 times current year earnings.

Looking really quite cheap but allow for some profit-taking."

[vfast] 25/1/2020 13:50

Value The Markets

Sureserve primes itself for further growth after beating 2019 forecasts (SUR) 24 Jan 2020| Daniel Flynn

Peter Smith Chief Financial Officer gives his opinion on results and moving forward.

www.valuethemarkets.com/2020/01/24/sureserve-primes-itself-for-further-growth-after-beating-2019-forecasts-sur/

[vfast] 24/1/2020 14:58

MM's are still biding for up to 300,000 shares now at 44.75p. Hoping we are pushing 50p next week.

[rivaldo] 24/1/2020 14:24

Big buying this morning, with 650,000 shares bought at 45p in five transactions.

And moving up now - perhaps a seller has been cleared.

[vfast] 24/1/2020 10:12

MM's back on the bid for up to 200,000 shares at 44.4p


10.35am MM's now biding up to 300,000 shares at 44.55p.

It looks like they have an order to fill and the share price is under pressure to move up.

[knowhow77] 23/1/2020 17:28

Yes great figures and very positive going forward should start climbing again soon hopefully

[vfast] 23/1/2020 17:01

Thanks igoe104,

Bob Holt interview very positive, free of debt this year and great potential with amongst other things Smart Metering.

It didn't take long for the buyers to return!

[igoe104] 23/1/2020 14:16

Bob Holt interview.

hxxps://www.research-tree.com/media/executive-interview-sureserve-23-01-2020

[rivaldo] 22/1/2020 09:48

Good coverage here, including brief commentary from Shore Capital:



"Energy services firm Sureserve enjoys rising profit as demand increases in core markets

Sureserve enjoyed a rise in core profits of more than one-quarter last year, as demand grew in its two core compliance and energy services markets.

The Aim-listed company maintains and installs boilers, and makes sure homes are energy efficient among other services

Profit excluding exceptional items rose 26 per cent to £8.3m in the 12 months to September, reflecting “improved operational efficiency,” according to chief executive Bob Holt.

It comes after Sureserve sold off its construction and property services arms in a bid to become more efficient.

The company doubled its dividend to shareholders to 0.5p a share.

“I am pleased to report an excellent year of both operational progress and improved financial performance, with our results exceeding market and internal targets,” said chair Bob Holt.

“The focus on driving growth within our core divisions of compliance and energy services has paid dividends, yielding strong increases in group revenue and profit, while at the same time continuing to reduce our debt and improve our cash conversion.”

Sureserve said an increase in energy efficiency standards for social housing, as well as high fire safety standards in homes had helped drive demand. The latter is thought to be a direct result of the Grenfell Tower fire in 2017.

Analysts at Shore Capital Markets said its energy services division has “opportunities in large national and regional schemes to tackle fuel poverty”.

The firm added that trading in the current financial year has started well.

Sureserve’s £333.2m order book covers about 72 per cent of revenue, while it has maintenance contracts in place worth £409.6m.

Holt added: “”The group’s outlook remains positive and we are confident of continuing to deliver on our clearly-defined growth strategy, evidenced by the proposed dividend for the full-year of 0.5p per share.”

“We continue to have confidence in the visibility of our predictable, non-volatile revenue streams, underpinned by our established reputation for quality market-leading services in highly-regulated sectors.”

[rivaldo] 21/1/2020 13:55

Shore Capital are very positive and have raised their forecasts per the news wires:

"Sureserve Group has beaten expectations for 2019, Shore Capital says. The compliance and energy services group should benefit from increasing demands for safety checks in social housing and a political focus on energy efficiency, the U.K. investment group says as it raises its estimates for Sureserve's adjusted pretax profit, revenue, and adjusted earnings per share for fiscal 2020 and 2021."

[vfast] 21/1/2020 11:32

It's going to be an interesting 2020 for the company and its shareholders.

Breaking news for investors from the stock market wire (SMW)

Sureserve profit more than doubles as sales rise 11%
21st January 2020 07:24 | Sureserve Group Plc Ord 10p

Compliance and energy services company Sureserve more than doubled its annual profit, amid 'solid' demand in both of its key divisions.

Pre-tax profit for the year through September increased to £5.3m, up from £1.9m on-year.

Revenue rose 11% to £212.1m and the company doubled its annual dividend to 0.5p per share.

Sureserve said it had made a 'strong' start to trading in the 2020 financial year, continuing its momentum.

'I am pleased to report an excellent year of both operational progress and improved financial performance, with our results exceeding market and internal targets,' chairman Bob Holt.

'The focus on driving growth within our core divisions of compliance and energy services has paid dividends, yielding strong increases in group revenues and profits, while at the same time continuing to reduce our debt and improve our cash conversion.'

Story provided by StockMarketWire.com

[cheshire man] 21/1/2020 09:14

SUR future is certainly looking very promising

[rivaldo] 21/1/2020 08:44

Peel Hunt say Buy and have increased their target price to 50p:



Their previous target of 40p had already been proven far too cautious and significantly exceeded.

Given 4.4p historic EPS - and that we're already four months into the new year which should provide at minimum say 4.8p-5p EPS - then I'd say a 60p share price would be a fairer short-term target.

Especially as businesses with 72% recurring or forward secured revenues should normally warrant a premium rating.

[cerrito] 21/1/2020 08:06

Well done to those who bought in November.
In the Outlook Statement Holt described the company as stable which I read as good news after all the thrills and spills of the last few years.
I was pleased to read his comments on the Smart Meters business.

[vfast] 21/1/2020 07:32

Excellent results, this could end up a takeover target at this price level.

Still looking cheap.

0.25p interim dividend???

[igoe104] 21/1/2020 07:25

Profit before tax from continuing operations up 174% from £1.9m to £5.3m

Excellent results, lots of upside here...