Sureserve Share Discussion Threads

[vfast] 28/5/2021 16:23

There not sells the majority are buys below the mid price.

There is a block of shares up for sale and that's why the share price has been held back however once they are cleared it will start on its move back up.

I'm guessing it Steve Rawling estate shares.

[chard1980] 28/5/2021 16:00

I don't have L2 but all I can see is sells today, lots of them, I wonder why?

[igoe104] 28/5/2021 11:47

Yep, someone is offloading at the moment. It could be one of the funds like Harwood or Chelverton or the steve rawling estate ? I've got the feeling its one of those three.

[rivaldo] 28/5/2021 11:42

Volumes are decent, and it's pretty obvious that most of the trades today are buys at anywhere between 79.1p-80p, so clearly imo there's an overhang of shares.

As usual in these situations, it's a good opportunity to top up whilst shares are available at favourable prices for those who believe in the company and have a little patience.

[ultimatewarrior] 28/5/2021 11:23

How is this not moving after an nt tipOdd

[knowhow77] 28/5/2021 10:46

Another dull day at the office!!!

[tizo100] 27/5/2021 23:22

It's ready for breaking out soon!

[rivaldo] 27/5/2021 22:35

The Naked Trader in his bi-weekly column late this afternoon has bought more SUR - which should bring in further interest over the nexr few days:

"I’ve averaged up in Sureserve. SUR A nice off the radar share gradually rising and I think worth upwards of 100p. It’s probably just perceived to be boring but it’s the boring ones that often double in value.

It looks too cheap at under 100p - value investors should get interested."

[rivaldo] 26/5/2021 09:01

Shore Capital have issued an update note regarding today's appointment. They also reiterate their forecasts as follows:

this year to Sept'21 : 6.6p EPS, 1.5p dividend, £11.8m net cash
next year to Sept'22 : 7.8p EPS, 2p dividend, £18.4m net cash

"Sureserve’s two Services divisions offer, in our view, high revenue visibility from typically three to five-year contracts:

Compliance underpinned by the regulatory necessity to monitor safety of gas and other utilities in social housing;

and Energy Services by national and local government commitments to insulation, plus innovative heat pumps and vehicle charging points–both, in our view,key areas in the growing ESG investment credentials.

Following the Group’s 18 May interims (see results note, Sweeping upgrades after strong first half), we upgraded our FY2021F PBT, EPS and dividend estimates by 8%, 7% and 20% respectively and made significant upgrades to profit, net cash and dividend forecasts for the following two years. The valuation, in our view, looks very compelling at a FY2022F P/E of 10.2x."

[rivaldo] 26/5/2021 07:13

Looks like a good appointment this morning as the new Chairman - with the CEO to follow "to drive growth and execute the Group's buy-and-build strategy":

[stewpot3] 25/5/2021 16:39

Something not quite right here looking at the price action over the recent past. I'm out.

[ultimatewarrior] 25/5/2021 10:16

Not enough buys to clear seller atm but give it patience young Padawan

[vfast] 24/5/2021 21:24

Many thanks rivaldo, excellent wright up.

KH77, It is only a matter of time.

[knowhow77] 24/5/2021 17:10

All sounds great but since the interims the share price has struggled to get above 80p!! I thought maybe mid 80s by now.

[rivaldo] 24/5/2021 11:36

Master Investor's Mark Watson-Mitchell updated on Friday night as follows, looking for "well over 100p within months":



"Sureserve Group (LON:SUR) – the improvement continues

“Well positioned for growth” is how the compliance and energy services group described its prospects when it declared its interims to end-March earlier this week.

Revenues were up 4.6% at £114.6m while pre-tax profits were 30.6% better at £4.4m. Earnings came in at 2.2p per share at the halfway stage.

Impressively, the group’s order book at that stage was £371.6m, compared to the same period last year of £323.7m.

Net cash was a strong £9.7m (£3.5m).

Analyst Alastair Stewart, at the group’s brokers Shore Capital, estimates that sales for this year to end-September will be around £243.1m (£195.7m), rising to £263.9m next year, and to £284.7m in 2023.

In that same time span he is going for adjusted pre-tax profits of £12.9m this year (£9.4m), £15.4m next year and £17.0m in 2023. With earnings improving from 6.6p this year (4.9p), to 7.8p next year and then 8.4p per share the year after.

On those estimates I see the group’s shares rising from the current 80p to well over 100p within months.

Professional as always, former boss Bob Holt left the group in very good shape when he stepped back from his chairman position and from the board in mid-March this year. He had done his job, having reshaped the group since joining it in July 2016."

[gswredland] 20/5/2021 15:32

Thanks John

[ultimatewarrior] 20/5/2021 14:23

Big seller on this

MMs are quoting me for at least 400k shares they have available

[johndoe23] 20/5/2021 09:25

Just Google Slater investments, and you can access his various funds and what's in them.

[ultimatewarrior] 20/5/2021 08:52

Just bought 25k sharesGl all

[gswredland] 20/5/2021 08:33

How do you find out what Slater has invested in please guys?

[rivaldo] 19/5/2021 22:29

Per SUR's web site Slater had 22.07m shares before, so now with 23.57m he's added around 1.5m shares....

Excellent news:

[parttime] 19/5/2021 19:42

Slater sold a few back in Feb and now buying them back at a higher price, Sur inters must have been a lot better than he thought... :))

[vfast] 19/5/2021 17:53

Good news top fund manager Mark Slater was the buyer of a large block of shares traded yesterday.

Edit Sorry about my wrong shareholding regarding Slater.

[rivaldo] 19/5/2021 12:18

Even after today's rise, at 82p SUR is still trading on an ex-cash P/E of only 9.7 for the year starting in October, given the 6p per share of cash and the 7.8p EPS forecast.

[rivaldo] 19/5/2021 08:43

Nice start - moving up with almost every buy, and the buy price is up to 80.8p now.