Sureserve Share Discussion Threads

[shanklin] 02/2/2021 07:39

Results look great but I am yet to find how much money SUR received from the Government, perhaps its hidden in the notes? It is presumably very significant given they had 40% of staff on furlough at one poin, and their costs for the year are significantly down.

Quite surprised they think its appropriate to pay a dividend.

Looks a strong business in normal times. Covid has obviously hurt operations but been offset, no idea by how much, by the benefits of Government cash.

[rivaldo] 02/2/2021 07:15

I think you'll be proven correct vfast :o))

Excellent results - ahead of expectations for PBT, EPS and net cash - and for the dividend, which is doubled to a very decent 1p.

The 4.9p EPS is nicely ahead of the forecast 4.7p. So this year's 5.1p EPS forecast may get pushed up to say 5.3p, particularly given the very confident outlook.

77% of this year's revenues are already in place, with a £355m order book which is up 7% despite the pandemic.

And all this was achieved despite Energy Services being badly affected last year by COVID-19. As this effect dissipates then this division's rebound will cause an even greater bounce.

SUR are a "boring" company which masks a number of exciting ESG involvements in home insulation and heating, electric charging, smart meters, solar etc etc.

There could be 50%-100% upside here this year imo - and hopefully more acquisitions too from that almost £10m cash pile.....

[vfast] 01/2/2021 16:28

Bought a few more today at 62.11p in anticipation of tomorrow.

If all goes well it will be the last time you can get in at this price.

[knowhow77] 25/1/2021 09:50

Yes last full week of trading before results let’s hope for a steady climb and a strong positive reaction to figures

[igoe104] 20/1/2021 09:49

Only 8 trading days after today, before results, which we know are going to be excellent. Which Should make the market take notice... ps Don't know what them large trades were all about yesterday?

[vfast] 10/1/2021 22:09

Worth reading. Simple Wall St seem very keen on SUR.

Here's Why We Think Sureserve Group (LON:SUR) Is Well Worth Watching
By Simply Wall St Published December 09, 2020

hxxps://simplywall.st/stocks/gb/commercial-services/aim-sur/sureserve-group-shares/news/heres-why-we-think-sureserve-group-lonsur-is-well-worth-watc

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. But the reality is that when a company loses money each year, for long enough, its investors will usually take their share of those losses.

In contrast to all that, I prefer to spend time on companies like Sureserve Group (LON:SUR), which has not only revenues, but also profits. While profit is not necessarily a social good, it's easy to admire a business that can consistently produce it. In comparison, loss making companies act like a sponge for capital - but unlike such a sponge they do not always produce something when squeezed.

View our latest analysis for Sureserve Group

How Fast Is Sureserve Group Growing Its Earnings Per Share?

In the last three years Sureserve Group's earnings per share took off like a rocket; fast, and from a low base. So the actual rate of growth doesn't tell us much. Thus, it makes sense to focus on more recent growth rates, instead. Like the last firework on New Year's Eve accelerating into the sky, Sureserve Group's EPS shot from UK£0.015 to UK£0.034, over the last year. Year on year growth of 121% is certainly a sight to behold.

I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). Sureserve Group maintained stable EBIT margins over the last year, all while growing revenue 8.4% to UK£219m. That's progress.

Fortunately, we've got access to analyst forecasts of Sureserve Group's future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting.

Are Sureserve Group Insiders Aligned With All Shareholders?

Like standing at the lookout, surveying the horizon at sunrise, insider buying, for some investors, sparks joy. That's because insider buying often indicates that those closest to the company have confidence that the share price will perform well. However, insiders are sometimes wrong, and we don't know the exact thinking behind their acquisitions.

We haven't seen any insiders selling Sureserve Group shares, in the last year. So it's definitely nice that Chief Executive & Executive Chairman Robert Holt bought UK£23k worth of shares at an average price of around UK£0.51.

The good news, alongside the insider buying, for Sureserve Group bulls is that insiders (collectively) have a meaningful investment in the stock. To be specific, they have UK£9.2m worth of shares. That's a lot of money, and no small incentive to work hard. That amounts to 10% of the company, demonstrating a degree of high-level alignment with shareholders.

Should You Add Sureserve Group To Your Watchlist?

Sureserve Group's earnings per share growth have been levitating higher, like a mountain goat scaling the Alps. The cherry on top is that insiders own a bunch of shares, and one has been buying more.

This quick rundown suggests that the business may be of good quality, and also at an inflection point, so maybe Sureserve Group deserves timely attention. Of course, just because Sureserve Group is growing does not mean it is undervalued. If you're wondering about the valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

[hew] 07/1/2021 20:00

Perhaps some quiet watchers though :-)

Thank you Rivaldo - and re some other boards.

[rivaldo] 06/1/2021 13:45

Cheers vfast. A lovely quiet bb here whilst the share price continues to march steadily upwards.

[vfast] 05/1/2021 13:05

Rivaldo, post 415 is spot on and thanks for post 416 as well.

All looking very good!

[rivaldo] 05/1/2021 12:43

News of a new acquisition as of yesterday - evidently not large enough to warrant an RNS, but still must be a reasonable size given that Vinshire have 100 employees:



"The Sureserve Group are pleased to announce the acquisition of Vinshire Gas Services Limited (Vinshire)

04 Jan 2021

The Sureserve Group are pleased to announce the acquisition of Vinshire Gas Services Limited (Vinshire). Vinshire is a heating services and installations company, providing services primarily for Housing Associations and Local Authorities across the East and West Midlands.

Vinshire further strengthens the Group’s market leading gas compliance offering and complements Aaron Services activities delivering gas compliance services to social housing clients across the Midlands. The business has offices in Derby and West Bromwich, and their workforce of around 100 employees will be supported by David Lummis and Aaron Services’ Management Team who will offer direction and guidance in the coming months.

David Lummis, MD at Aaron Services, said: “Vinshire’s expertise and infrastructure are wholly compatible with our own. Following a very positive year for Aaron, the business alignment offers further growth opportunities across the Midlands. Whilst continuing to provide our valued clients with high levels of customer service and operational excellence, the addition of Vinshire to the Group both extends and strengthens the geographical footprint of the Group’s gas compliance offering, allowing us to capitalise on cross-selling opportunities across our collective client base.”

[rivaldo] 05/1/2021 09:57

Continuing to look strong - yet still only on a current year P/E of 12.3, with a rising cash pile and very strong and increasing order books. Plus it's ESG-friendly too. What more could you want!

[johnrxx99] 05/1/2021 07:36

It was him :-)

[ingroid] 04/1/2021 18:57

Who sold 500,000 shares at 62 ?

[jsforum] 31/12/2020 21:53

Yes SUR are in great shape and well placed to support the roll out of electric vehicles by installing lots of charging stations throughout the country

[vfast] 31/12/2020 17:17

I have a feeling the start of 2021 will start off strongly as well.

Looking forward to the 2nd of Feb!

[rivaldo] 31/12/2020 08:06

Up again already - certainly ending the year strongly....

[johndoe23] 30/12/2020 11:42

Lovely tick up 0-)

[cheshire man] 30/12/2020 08:29

Nice move this morning too :-)

[knowhow77] 29/12/2020 18:54

Lovely notch upwards today,be nice to keep this going!!finally getting some momentum

[vfast] 29/12/2020 10:19

MM's biding 58.75p for up to a 150,000 shares. Way over the 56p quoted.

Pressure to move up!

[basem1] 28/12/2020 15:47

Just revisited the numbers on BRCK Different market places but BRCK looks very very good at current levels.

[basem1] 28/12/2020 10:02

Typo - AIM market

[basem1] 28/12/2020 10:01

Thanks igoe and Rivaldo Another one of quite a few stocks with a low PE growing earnings and nett cash Difficult at this point in time to see which will perform best My other examples are BRCK RNWH CTO WJG - I think AMO is cheap too but I have not got locked and loaded there yet hope it does not get tippedQuite amazing some of the quality on the AUM market

[rivaldo] 28/12/2020 09:15

Hi basem1, good to see you here.

Consensus is 5.23p EPS for the current year. Having achieved at least 4.64p EPS for the year ended last September, we can look forward to the upcoming prelims with confidence imo.

Given (1) the £375m and rising order book, which is well up from £324m at the interims, (2) the strong Balance Sheet/cash pile, (3) the gains to be made from emerging from the pandemic and (4) the Government's green and ESG agenda, which benefits SUR, a 13% EPS rise this year should be (hopefully) pretty achievable.

Hope that was well enough scripted!

[igoe104] 27/12/2020 18:48

Worth listening to bob holt podcast, basem

Which i posted in post - 298