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Share Name Share Symbol Market Type Share ISIN Share Description
Sureserve Group Plc LSE:SUR London Ordinary Share GB00BSKS1M86 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 76.50 74.00 79.00 78.25 76.50 76.50 102,507 08:00:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 195.7 7.8 4.0 19.1 123

Sureserve Share Discussion Threads

Showing 476 to 500 of 800 messages
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DateSubjectAuthorDiscuss
19/8/2020
10:58
Very good update this morning and these are very rare in these difficult times for many companies. Increase in the final dividend and /or a start in the interim dividend is on the cards. Its always hard predicting share price prices moving forward but I'm sure the share price will increase in the coming months.
vfast
19/8/2020
10:50
Nice contract win for sure Maintenance. New contract win! We are delighted to announce that we have been appointed by @YorkshireWater to deliver boiler maintenance across their portfolio, starting in September. We are looking forward to developing a lasting partnership
igoe104
19/8/2020
08:08
A positive share price start at least, with Bob Holt at the helm think we can be confident holders here :-)
cheshire man
19/8/2020
08:04
Surely it’s only a matter time before the share price reflects the performance
knowhow77
19/8/2020
07:54
I like the last paragraph. I look forward to bringing you more positive news in the future. I like to hear that from a company.
igoe104
19/8/2020
07:39
Yep, excellent stuff. 21 new contracts. These should have alot higher shareprice.
igoe104
19/8/2020
07:19
A very positive trading update today: - results to 30/9 already forecast to be at least in line with expectations - order book at seasonal high after new contract wins - the group now has net cash after paying off all borrowings - dividend payments likely to be resurrected - confidence going forward Loking pretty cheap now: Https://www.investegate.co.uk/sureserve-group-plc--sur-/rns/trading-update--delivering-a-strong-performance/202008190700055055W/
rivaldo
18/8/2020
09:22
Nice update overnight from Master Investor: Https://masterinvestor.co.uk/equities/small-cap-update-featuring-totally-and-sureserve/?mc_cid=5e5a490318&mc_eid=db9f9bbaf2 "Sureserve (LON:SUR) – Another Holt winner? Bob Holt OBE, the mover behind the growth of the Mears Group, is chairman of both Totally and this compliance and energy services group. Like Totally, it has had its ups and downs prior to Holt getting hold of the reins. Its current year-end is the end of September and following on from the very positive interims announced at the end of May, it would be fair to assume that the trend is continuing. Despite the Covid-19 hassles it was showing ongoing growth, helped on by the base of its business in the gas, water and electrical service sectors falling under the ‘key worker’ status. Obviously dependent upon government and local authority spending, Sureserve must be enjoying a much stronger second half year, considering just how needy its customers are for its various services, whether they are in lockdown or not. I have followed Bob for over two decades and his attention to detail and management style has never changed. He never over-eggs his business. In fact, he always under-promises and then looks to over-deliver in performance. Way back in mid-January, pre-Covid-19 days, I profiled the company at 36p before its interim results. They touched 51.5p subsequently, before falling back to just 31p at the end of March, since when they have recovered to rest at around the current 43p level. For the year to end-September I am looking for the group to hold its revenues fairly steady at £205m or thereabouts, while its pre-tax profits could see a major uplift from £5.3m to over £8m, worth 4p plus in earnings per share. And that excellent performance would have been set against a tough Covid-19 trading background. For the coming year some £225m of revenues and £10m pre-tax would see about 5.2p in earnings per share. With its shares at 43p, that would put them out at around 10 times current-year and just over 8 times prospective earnings. That would be too low a rating for such sales and profits potential."
rivaldo
02/8/2020
20:51
Hardly relevant but saw Providor van on Friday; 20 reg, v smart registration and signage-looks professional and taking it seriously.
trustman
09/7/2020
14:20
Rivaldo, I was thinking the same about an RNS! They've got their foot through the door with EDF Energy smart metering hopefully more to come. From the article it appears they have been working with other energy suppliers so may be there could be more contracts to come for Providor.
vfast
09/7/2020
12:10
Great spot vfast. A big £13m win is surely worth an RNSNON at the least. The Government's huge home improvements scheme subsidies announced yesterday should also be very beneficial to SUR's Everwarm subsidiary, particularly as regards the additional insulation being fitted through the scheme.
rivaldo
08/7/2020
22:28
Article dated 01 Jul 2020 EDF smart metering contract win for Providor Worth £13 Million. hxxps://www.sureservegroup.co.uk/news-media/press-releases/edf-contract-win-providor Over the last 18 months the Sureserve Group’s smart-meter installation specialist, Providor, have been working hard towards adding new workstreams and contracts to their current portfolio. This process has been all about developing relationships with suppliers around the country, and many energy suppliers have been invited into their business at Newmarket and Elland and also spent time out in the field with their engineers. These visits have been incredibly important in developing these relationships, and suppliers’ representatives have been greatly impressed with everyone that they have met along the way, with the professionalism they have seen in all departments, and the expertise that Providor have demonstrated at every level. A result of this hard work has been the award of a sizable regional contract with EDF, one of the biggest energy suppliers in the UK. This contract will continue with the government led Smart Metering Implementation Programme (SMIP). Worth in excess of £13m over the next 3 years, the contract will be delivered by the industry leading Providor engineers and back office staff. The contract will be mobilised over the coming weeks and will support and strengthen Providor’s coverage of northern England and Scotland.
vfast
02/6/2020
14:07
Good to see the price move up 1.5p on a single 10k buy. Given 4.6p EPS forecast to this September, SUR are at last (just about) on a double figure P/E :o))
rivaldo
01/6/2020
09:50
MM's this morning are biding 43.81p for up to 125,000 shares and 43.25p for 310,000 shares. The share price is under pressure to move up but I think the MM's are reluctant until they fill an order. With the good interim figures and even with the C19 virus I believe the year end figures will be very good so believe the final dividend will increase substantially may be 100% increase to 1p. IMO DYOR
vfast
29/5/2020
16:53
Edison; H1 interims: Good performance but lockdown impacts Strong trading in the Compliance division The Compliance division grew revenues by 11.6% in H120 and expanded EBITA margins to 5% versus 4% in H119. Over the last two years the group has looked to step up the service and efficiency within this division. The improving service levels have led to more work being won from the existing contract base. More gas boiler installation and electrical testing work, where margins are higher, have contributed to an improving margin mix. Many of the workers in the Compliance division are designated key workers, reflecting the non-discretionary nature of the work. The group has worked with councils and local authorities to deliver services safely. The impact of the lockdown has led to some delays and the deferral of work and we are thus trimming our divisional revenue estimate for FY20 from £147m to £140m. However, the margin improvement has led us to nudge up our divisional EBITA estimate from £9.6m to £9.8m. Energy Services division: More affected by the lockdown The Energy Services division has two primary businesses: ■ Everwarm, which delivers energy efficiency solutions and technologies to help businesses and local authorities meet their carbon reduction targets. ■ Providor, a national smart meter installer that helps utility companies to meet their regulatory targets to install smart meters in every home by 2024. H120 revenues were down 2% to £37.3m, reflecting less work at Everwarm, in part offset by a pick up in activity from Providor, continuing the momentum seen in H219. Despite the fall in revenues, EBITA margins improved from 5.0% to 5.2%. Providor, which was not profitable in H119 is now contributing to profits. The Everwarm business also benefitted from the Arbed 3 contract moving from a mobilisation phase in the comparative period last year to delivering in the current period. Unlike the Compliance division, Energy Services workers have not been designated key workers. In addition, with significant parts of the contract base being in Scotland and Wales, where there is less visibility compared to England around a return to work, these businesses have not been delivering services during the lockdown and there remains some uncertainty around when this will resume. We have therefore cut our FY20 divisional revenue estimate from £86.2m to £72.8m. We have reduced our EBITA estimate from £4.7m to £3.8m. IFRS 16 impact on the numbers The group adopted IFRS 16 for the first time when reporting FY20 interims. The impact on the P&L is negligible, with PBT increasing by £0.1m. The balance sheet now has a £6.3m right-of-use asset net book value added to the non-current assets, offset by £3.2m and £3.1m of lease liabilities being recognised in current and non-current liabilities respectively. The cash flow overall is not affected, but our operating cash flow is boosted by £4.3m (our estimate for FY20 for the associated depreciation) offset by an equivalent increase in financing costs. A key KPI that the group monitors is cash conversion, measured as a percentage of normalised operating cash generated divided by normalised operating profit. Sureserve targets an 80% conversion rate and for H120 it achieved 88%. The impact of IFRS 16 would result in a 160% cash conversion being achieved using statutory reported profit, due to the impact of depreciation inflating the operating cash flow. The group intends to use its historic measure for this KPI. Net debt and banking facilities The strong cash conversion saw net debt fall to £3.5m at end March 2020 from £12.9m in the comparable period last year. This position had continued to improve; at the time the interim statement was prepared, the group had a modest net cash position. Part of this cash improvement is likely to be due to the deferral of VAT payments that the government has offered all businesses and in due course is likely to unwind. It also suggests that despite the Energy Services business not being active for April and May, the group has managed to navigate through this period with an improved cash position. The group has a £25m revolving credit facility, which was renewed in December 2018, and runs until 31 January 2022. As at 26 May 2020, the group had drawn down £6.5m of this. In addition to this revolving credit facility the group has a £5m overdraft facility. This provides plenty of headroom for the coming year.
davebowler
28/5/2020
13:17
This morning MM's are biding 43.25p for up to 185,000 shares and 42.75p for up to 300,000 shares. Still buyer(s) around and won't take much for the share price to move up.
vfast
28/5/2020
12:39
Thanks for that link in the header igoe104, Bob comes over as being very confident going forward :-)
cheshire man
28/5/2020
08:38
Its fantastic to see the large debt now completely gone - And as Bob said in the video the bank owe us money now! Ps * ill put the note and the video in the header
igoe104
28/5/2020
08:34
Cheers re the new Edison note. Even with forecast reductions, SUR are still expected to make 4.6p EPS to 30th September this year - at which point they would also almost be in a net cash position. Edison's 66p price target is pretty realistic given the above.
rivaldo
27/5/2020
18:07
I’d take £1.00 a bit sooner good luck all
knowhow77
27/5/2020
17:49
Igoe, I think the same way someone will be keeping an eye on the company plus your target price looks reasonable. Figures today look good and great to read debt free. Interesting when the share price dropped 0.5p late in the day the MM's were still biding 43.5p.
vfast
27/5/2020
17:13
The plan is simple- keep hitting double digit growth - and eventually get taken over. couple of years id take £1.30 to £1.50 area. I'm sure the Estate of Steve Rawlings, will be looking for a takeover for the company as well.
igoe104
27/5/2020
17:08
Could well be a takeover target debt free and making good profits !!
knowhow77
27/5/2020
16:54
Bob holt, defiantly my type of guy, you see what you get, kind of guy. interesting how me mentioned about the company been taken out in the future?
igoe104
27/5/2020
16:40
* Latest Video https://tinyurl.com/y95juyp7
igoe104
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