Sureserve Share Discussion Threads

[johndoe23] 08/11/2022 11:17

Looks like someone selling out to me

[hsmith_08] 07/11/2022 17:48

Will it be another week of pure silence from the board!?

[knowhow77] 07/11/2022 13:30

Yeah because the last update really helped the share price!!
Perhaps if Mr Smith put himself about in the city a bit more it would help

[marktime1231] 07/11/2022 13:10

No shortage of relentless whinging though.

SUR looks like a good company in good shape with the prospect of a good future. The management now look like good sensible conservative people quietly going about doing the right fundamental things. The results will speak for themselves. The shares are attractively priced. So buy some.

If you want to make representation contact IR or write to Winks and the board. And fergawdsake give it a rest on here.

[knowhow77] 07/11/2022 12:44

No director buying no aquisition no dividend and no comment from the board very poor in my opinion

[vfast] 07/11/2022 12:34

It looks very cheap to me and way undervalued but I share the frustration that the management could be more proactive highlighting the company.

The share price is at a giveaway price!

[rivaldo] 07/11/2022 08:22

Good to see Robbie Burns - the Naked Trader - getting behind SUR in a recent update whilst I was on hols:

"Sureserve, a long-term hold had a reassuring statement - a very packed order book. It has decent net cash and plenty of bank leeway, two segments are up for sale, be interesting to see what it does with the cash.

Looks very decent value in the 70s area and pretty defensive too."

[knowhow77] 04/11/2022 16:54

Another week over and the share price drops again how low will it go before we get anything from Mr Smith & Co

[vfast] 04/11/2022 08:56

After the recent market volatility, it appears to have settle down now. And the 0.75% interest rate raise yesterday by the BoE, there also appears to be more confident that the Gov are going to tackle inflation.

I’m still hoping they will sell the 2 businesses at a fair price which I believe will have a positive effect on the share price That would mean around £50m plus in the bank. Plenty of money to pay a special dividend and leave plenty cash for an acquisition.

Sale of the businesses, special divi and start up of annual div’s would increase the share price by a substantial amount. Nerveless has it stands right now the company is way undervalued.

Hope we see sentiment change and buyers return this will move quickly.

IMO

[johndoe23] 02/11/2022 08:17

Next scheduled update is January, so unless there's news of an acquisition...here's hoping anyway!

[knowhow77] 01/11/2022 17:09

Looks like the only action going on is sells unfortunately whilst we continue to wait for something from the board

[vfast] 31/10/2022 16:40

Interesting today, the MM's were bidding up to 77.5p for 125,000 shares however on the offer it was 78.8p for max 30,000 shares (online quotes).

I may be miss reading this but it appears that the MM's are after stock hopefully they know something and/or have an order to fill.

This is a very good company with a lot of potential and way under valued! Don't think it would take much to push back into the 80's.

IMO DYOR

[vfast] 28/10/2022 17:57

I understand your frustration because I feel the same.

Nevertheless, this a good company with a lot going for it, ie. growing turnover & profit with a very low p/e, cash in bank and no debt and a good visible order book moving forward.

So why is there zero momentum and excitement now even after a very good trading update earlier this month, the share price dropped on the news. I was expecting the share price to move up but there were more sellers than buyers.

Mr Smith is the guy pulling the strings but we hear nothing at all now. I hope he proves me wrong as well and about to announce some news that will spark some life in the share price

[hsmith_08] 28/10/2022 14:50

After following this stock for some time I can see this BB has gone from 100% positive to very negative and there’s only 2 people to blame for that.

This now has zero momentum and excitement around it due to the total lack of communication and so far empty promises from Mr Smith and Mr Winks.

The share price is lower now then it was 18 months ago which shows how poor their ‘ growth strategy’ has been so far. I hope they prove me wrong sooner rather then later otherwise I’ll be selling and think others will be doing the same!

[knowhow77] 28/10/2022 14:08

I’ve been saying this for a while what exactly is Mr Winks up to!!
The share price drifts while we wait and wait by the time they do announce something it will probably bring us back in the mid eighties.

[vfast] 28/10/2022 13:31

One other point to make is the lack of communication from Mr Smith & Mr Winks.

Bob Holt was always active in promoting the company to the City and shareholders using financial media.

Mr Winks may have the title of None Ex Chairperson but has he got a job? Apart from attending his lawful meetings with the board and company events such as attending apprentice awards / dinners etc.

Bob Holt's title was Chairman & CEO...so do we need Mr winks?

[angersharkz] 28/10/2022 13:21

rj777 - Yes, I can see your point of view and I understand what you are saying. It’s a market after all and we all have our opinions…̷0;which makes a market…..

I think an important point to remember is that we are in an extreme set of economic circumstances……perhaps since the company announced revoking the dividend and looking for acquisitions the headwinds were starting to take a toll……which would be understandable…;.

There’s a lot of worse positions a company can be in than having £20m cash in the bank that’s for sure! I’m fairly confident that the dividend will be reinstated in January….

This is fundamentally a very good company so let’s hope it keeps progressing under the circumstances.

[knowhow77] 28/10/2022 08:21

Well Mr Smith & Co had better have something positive to announce by the end of January otherwise shareholders will definitely be losing faith in their ability to produce the goods.

[rj777] 28/10/2022 07:26

The point is the dividend was not altering the potential to make acquisitions, saving only £1.6m by cutting it. Therefore I’m not buying the reason given for terminating it. The cash saved by not paying one represents approximately 4% of the total cash plus overdraft facility available. That’s not including the 2 businesses for sale, and what they will add to the pot.

Since the plan was announced to stop the dividend in order to make earnings enhancing acquisitions I haven’t heard anyone question the actual numbers.

It does not make logical sense, and it makes me look for other more plausible reasons.

[vfast] 27/10/2022 22:54

The company had a "progressive dividend policy" in place and Mr Smith & Co changed that policy to use the money for acquisitions. It’s not about 1p, 2p or 3p it’s about the policy / strategy change. Dividends are part of some fund managers and private investors strategy when looking at companies to invest in.

The growth strategy by acquisition up till now has come to nothing. Like I have said before finding the right company at a good price and fit is easier said than done. The last thing we want is the company making acquisition for the sake of it.

I’m happy to forgo a dividend if it is beneficial for the company to grow but that is not happening through acquisition.

A more balance strategy with dividends is better IMO. May be that’s why they are considering bring them back!!!

[rj777] 27/10/2022 19:26

AngerSharkz:
No a 1p dividend isn’t going to attract flocks of investors overnight, but pulling it completely can definitely put off potential investors, and hurt the share price. On the flip side what difference does pulling a 1p dividend, equivalent to about £1.6M, make to the potential acquisition power of SUR who have over £20m in the bank with a £15m overdraft facility on top?

Can you see why the reason given for pulling the dividend just does not add up to me?

[angersharkz] 27/10/2022 13:51

I still don’t have an issue that they revoked the dividend temporarily to help the growth agenda…..is a 1p dividend going to attract flocks of investors to SUR over night? I very much doubt it.

I think the issue is that they revoked the dividend so they could focus on cash accretive acquisitions and grow the company……;which is fine…..but where are they?

It’s been almost a year since the dividend was stopped and we haven’t seen any M&A as yet. Surely this is the perfect time to be picking up good companies on the cheap…..while the company has plenty of cash in the bank?

I think this will need to be cleared up in the results in January……;.but I won’t hold my breath……although I think SUR is a very solid business they’re not great at communicating to shareholders.

[knowhow77] 26/10/2022 17:46

Million dollar question when will we hear anything from the board!!?