Sureserve Share Discussion Threads

[vfast] 28/10/2021 16:57

Was tempted to buy another 50k shares today but withheld. I'm in for at least the medium term looking within 12 to 18 months for the share price to move north of 150p.

MM's offering 50k shares for 90.5p today.

I do have a sizable stake for a private investor however I find it hard to see any meaningful downside, all I can see is a well run company with expanding guaranteed recurring profitable revenue.

[volvo] 27/10/2021 18:40

vfast good call, happy to turn mine at 100p plus, easy money, pays for the turkey and booze.

Trading will continue to actually strengthen imo.....the green side will see to that.

It wont double overnight (unless a bid comes in), its not fanciful in any way, but its figures and forward order book (£460m) will impress the market in January

[vfast] 27/10/2021 12:33

Volvo, have just added 50,000 at 89.5p shares but the trade is not showing.

Probably will show later today.

Regardless to short term share price movements this will progress in the near future.

[angersharkz] 27/10/2021 12:32

Markets have made a good recovery in October off the back of some good Q3 earnings reports…..I think this is taking a breather which is only natural but there are a lot of sellers about here at the moment which is surprising.

[fozzie] 27/10/2021 12:13

The whole market is just a damp squib at the moment, apart from the usual pump and dump shares that is.

[angersharkz] 27/10/2021 12:08

Why are there so many sellers today? Doesn’t make any sense.

[thelongandtheshortandthetall] 27/10/2021 12:00

Budget today - I expect some 'green housing talk'.

[volvo] 27/10/2021 11:46

vfast did exactly that taken on 25k on as a cfd today at 90p and just wait for the Jan results, should weather the stockmarkets ups and downs better than most.

Expecting news along the way starting with the new CEO anytime now, and maybe some contract news.

Time will tell as always

[vfast] 27/10/2021 09:30

Very tempted to buy a few more. MM’s offer 75,000 shares at 90.8p. I can see these going to a 100p plus in January when the results are released if not sooner.

[angersharkz] 27/10/2021 09:07

Seems like the share price is taking a breather and settling back in the 90’s, maybe news of a new CEO could push us back towards 100p.

[knowhow77] 26/10/2021 18:01

Should be getting very close to announcing the new CEO

[igoe104] 24/10/2021 09:54

Cheers for that Rivaldo, one of my other holdings is mentioned (SEIT energy fund.)

[rivaldo] 24/10/2021 07:30

Interesting article in today's Mail on Sunday about finding stocks benefiting from the "green revolution" in housing. The only problem is it omits to mention SUR, which delivers both insulation AND heat pump installation/maintenance.....



OT : hi Knowhow77. CNIC still has to double from here just to get to Stifel's 256p valuation....

[knowhow77] 22/10/2021 21:06

CNIC looks really interesting thanks for that, back to sure I’d take a £2 buy out
Hopefully get the new CEO next week

[thelongandtheshortandthetall] 22/10/2021 20:22

New CEO will be most likely have some tasty options at 150p or 200p etc.
That's what I expect.

[volvo] 22/10/2021 19:20

riv.....yep right place right time, at full capacity right now

[rivaldo] 22/10/2021 13:45

Looking strong - hopefully new highs soon. Once they arrive we could see quite a quick re-rating (just look at what's happened with CNIC recently for example).

[igoe104] 22/10/2021 09:06

Noticed 1 million share sell went though late yesterday. My suspicions its downing as they have sold alot already this year. In May they dropped down to 2.56%, from well over 4%, so hopefully Judith Mckensie and her gang haven't got alot left. Without this sell orders these would have easily been over a quid by now..

[hjs] 20/10/2021 17:20

rivaldo/Volvo

Based on my analysis of EV & EBITDA, my target prices are as follows:
2021 1.21 plus allow for net cash 10p =131p
2022 1.32 plus allow for cash/acq/Sales growth 15p =147p
2023 1.50 plus Acq/Sales growth 25p =175p

The above numbers are very conservative so more likely will go much higher than indicated.
This is my view please do your own DD.

[vfast] 20/10/2021 16:32

I might not have said it at the same time rivaldo & VOLVO but I've been thinking the same for sometime now.

Nice jump up at the end of business.

[volvo] 20/10/2021 16:21

rivaldo...great minds think a like lol

[1realist] 20/10/2021 16:13

P/E ratio should be at least 20-25 here IMO.High performing company. Solid sector for growth and recurring revenues.200p first target here for me, but potentially higher if revenue, profit and dividend growth continue as expected.Government pushing green energy agenda hard and Sureserve look well placed to benefit.

[rivaldo] 20/10/2021 16:00

In 12 months' time the market will be loking at the forecast earnings to 30/9/23.

Currently this is at 8.4p EPS. A P/E of 15 given the growth potential, huge recurring income etc would see a share price of 125p-130p. Given SUR have £16m of net cash (10% of the m/cap), one might add something on for this, i.e 140p-145p.

Then there's the possibility of (1) further earnings upgrades, and the (2) likelihood of acquisitions from the cash pile. Given either or both of these occurring it wouldn't surprise me to see the share price at anywhere from 150p-200p.

EDIT - that's amusing Volvo, we came to almost exactly the same conclusions whilst writing our posts :o))

[volvo] 20/10/2021 15:51

Ff fwiw my largest holding now due to its current super defensive qualities and growth profile.

The Government news yesterday means the the green drum will be banged and as seen in the above video Sureserve are ideally positioned to carry on growing with public spending increasing in all our areas.

The results in Jan 22 will guarentee the growth story.....150p 4-6 months target, but any decent add on purchase and 200p. All imo of course

[fprice_ftse] 20/10/2021 15:23

A solid company with strong growth in revenue and cash flow . What are peoples Pt for the next 6-12 months?