Sureserve Share Discussion Threads

[rivaldo] 12/12/2022 10:38

Great to see. SUR remain ridiculously undervalued at 71.5p imho given the forecast of 9.2p EPS for the current year.

Plus the current cash pile at £23.2m is forecast to rise to £32.3m at Sept'23, i.e over 25% of the m/cap. Which implies a crazy ex-cash P/E of around 5.5 to 6....

[johndoe23] 12/12/2022 10:07

Tipped somewhere?

[johndoe23] 12/12/2022 09:32

Hello, life!!

[rj777] 07/12/2022 21:30

Like he says a solid business but nobody really follows it. Hence the need for management to communicate to the market more and in upbeat fashion.

[igoe104] 07/12/2022 20:44

He can't go into too much detail, he's a non executive director of SUR. He's got to be very careful what he says..

[knowhow77] 07/12/2022 19:05

Thanks for that shame he didn’t go into more detail but as we know the company is doing ok but need more communication and a dividend/aquisition in January

[igoe104] 07/12/2022 17:18

Chris Mills from harwood capital, SUR biggest share holder talking about SUR briefly. As well as other holdings

[igoe104] 28/11/2022 09:43

Just seen Bob Holt new CEO revb.

Hes turning into the Sam allardyace, of business...

[doobz] 28/11/2022 09:23

When these do finally turn, SUR tends to go on long fairly uninterrupted rallies. Hopefully that's about to begin

[knowhow77] 28/11/2022 07:22

Hopefully Everwarm get a slice of the action

[rivaldo] 28/11/2022 07:13

Excellent coverage on the BBC overnight of the above news:



"Insulation: £1bn funding for least efficient homes
4 hours ago

An extra £1bn will be spent to insulate the UK's least energy efficient homes, the business secretary has said.

Grant Shapps said the new funding was part of a strategy of working towards "an energy independent future" for the UK and would save those who benefitted around £310 a year.

etc"

[rivaldo] 25/11/2022 08:19

News today that the Government is to set up a £1billion fund to distribute grants to households to enable cavity wall and loft insulation and smart heating controls such as advanced thermostats and thermostatic valves - all of which are services provided by SUR:

[angersharkz] 24/11/2022 09:03

There never has been anything to worry about regarding the business.

It’s fundamentally sound and in very good shape moving forwards.

The share price movement after results is a combination of a deep bear market catching up with the price and the market makers using the opportunity to shake out weak holders….

It’s happened a few times here, the price gets hammered by around 15% where most people have their stops, loads get stopped out and then the price settles.

The share price could drift a bit further but if you believe in the fundamentals of this business then use it as a buying opportunity.

[johnrxx99] 24/11/2022 04:32

Riv, I'm afraid I don't share your trust of what politicians say but if it does transpire it could be good news.

[knowhow77] 23/11/2022 17:29

I also received an e mail reply recently which was responded to quickly by Mr Smith so his being consistent !!
Blue finish finally albeit a penny

[igoe104] 23/11/2022 17:06

Just been intouch with Peter Smith. Feel more resurred about the company now. He said nothing new, but the company is in very good shape, going forward,.

CEO personally responding is normally a good sign..

Might have to add afew.🤔

[hsmith_08] 23/11/2022 10:54

Do Mr smith and winks have the brains to rescue this share price before results end of January? Or are they happy to be silent until then which we could be in the 50s at that point! Terrible progress made since BH left regardless of the overall markets they’ve done the bare minimum to make this push on!

[rivaldo] 23/11/2022 08:56

That £6 billion is in addition to the £6.6bn the government has allocated to boosting energy efficiency across UK households since the start of this Parliament in 2019.

Not to mention that earlier this year the government also announced £1.5bn in funding to boost energy efficiency and cut bills for low income households across the country.

This is funding all the way through to 2025. And when we get to 2025 it's hardly likely that if they're in power Labour will renege on or reduce this additional £6 billion of such energy saving commitments since they're so central to their own manifesto :o))

[johnrxx99] 23/11/2022 08:13

Current governments' jam tomorrow and unclear. Will it be in power come 2025?

[rivaldo] 23/11/2022 07:36

Shore Capital issued an update on SUR following last week's Budget as follows:

"Sureserve Group + (SUR, House Stock, 72p)

Hunt s £6bn pledge extends energy efficiency push

Jeremy Hunt yesterday pledged in his Autumn Statement another £6bn to improve energy efficiency in homes and industry from 2025. This is on top of the £6.6bn current ongoing programme. The details are still to be set out, but we see this as a potential major positive for the social housing energy services group s long-term pipeline. Valuation: FY23 PER 7.7x. House stock.

• The combined impact of the two programmes are aimed at reducing energy consumption by 15% by 2030 and improving energy security. Full details are expected soon.

• It is not clear whether there will be any changes to the current programme, such as grants to homes, but it extends the commitment.

• We see the group benefiting from protected long-term contracts in protected sectors of gas safety compliance and energy efficiency that is not reflected in the valuation: FY23F (Sep YE) 7.7x, PER; 4.6x EV/EBITDA."

[johnrxx99] 23/11/2022 02:56

IMO the sale is dragging this down. Until they achieve it, the assumed book value will be judged as too high, indeed if it has a value at all in the current market.

I'm holding off until a deal is announced.

[johndoe23] 22/11/2022 19:30

That's the conundrum isn't it?! Lots of positives here, the sale of the two businesses I'm sure would give a lift to the share price. But you have to be objective and the chart is awful

[doobz] 22/11/2022 19:17

Same Boat as you John, although so many times this year stops have cost me money rather than saved me anything. Particularly when the company is sound and good value still. Not sure what I'll do yet. No doubt when I finally push out it'll find a bottom and annoy me :)

[johndoe23] 22/11/2022 19:06

Well, the share price is now below my mental stop loss price. I know what I should do, just that hope that I'm clinging to. Which usually never works