Sureserve Share Discussion Threads

[rivaldo] 22/3/2023 22:58

Great finish. Of course it could just as easily be the closing of an overhang and a sudden lack of stock for the MMs. I'd much rather this was the case, as the likelihood of there being news tomorrow would be pushing it imo (and wouldn't reflect well on the leaking of information...).

There's plenty to look forward to in terms of news flow from acquisitions and disposals. Even better for it to be announced in the next few weeks if/when there's not much stock around.

[doobz] 22/3/2023 19:49

Let's hope our patience is finally about to be rewarded. Looks suspect for some news tomorrow or soon. Gla

[igoe104] 22/3/2023 17:16

I bet whoever sold 15k worth this morning @ 79.7p will be abit gutted now, and hopefully more soon...

[gargoyle2] 22/3/2023 16:54

Seems strange, especially when the AGM was yesterday -- would have been a good time for an update

[gswredland] 22/3/2023 16:53

Yes strange. Fingers crossed guys!

[pinemartin9] 22/3/2023 16:41

Let's hope so. Good to see it snap back to the 200 day MA. if 10 day MA can tick above 50 day MA in the next few days we would still be in generally positive chart formation.

Does seem strange to have such a large rise late in the day.

[igoe104] 22/3/2023 16:40

I wonder if we are getting any positive news tomorrow ?

A big late jump on no news..🤔

[gargoyle2] 22/3/2023 16:38

Knowhow77, thanks btw for keeping an eye on the contract wins for us

[knowhow77] 22/3/2023 16:16

Nice end to the day 👍

[rivaldo] 22/3/2023 15:14

Cheers.

SUR already had 79% of forecast revenues for the current year in place at 30th September last - with all the new contracts we've seen announced since then that figure must be well up since then, with still over 6 months to go before the year end.

[knowhow77] 22/3/2023 13:53

Contract win for sure fire & electrical
central Bedfordshire council 3 year value £600K

[knowhow77] 16/3/2023 12:11

Another contract win Sure Maintenance
value £1M

[knowhow77] 14/3/2023 11:48

Nuneaton & Bedworth Borough Council have awarded Aaron services a 1 year contract
value £2.3M

[igoe104] 03/3/2023 08:33

Small 320k contract for sure maintenance with Staffordshire Council.

[gswredland] 02/3/2023 09:04

Yes couldn't agree more
Hoping for a drop to 70's to add but that is probably being too optimistic!

[cerrito] 02/3/2023 08:57

My feelings entirely, Rivaldo

[knowhow77] 02/3/2023 08:55

Maybe they will surprise us before the AGM

[rivaldo] 02/3/2023 08:26

Knowhow77, back at the start of Covid in March'20 SUR's share price was around 35p.

Since then it's climbed around 130%.

Sometimes you just have to accept that there are sellers out there, probably funds/institutional, who wish to take profits/need cash for redemptions/see opportunities elsewhere/change fund managers etc.

Take comfort from the fact that almost everyone appears to agree that SUR are undervalued, and relax. It's likely imo that after this extended consolidation phase SUR will go on another run upwards. The trigger for this might come next week or in another few months.

Hopefully news on either an acquisition from the £23m and rising cash pile or the disposal of the non-core businesses is imminent.

In the meantime I'm sleeping easily over this stock.

[knowhow77] 01/3/2023 17:48

Rivaldo what’s your take on the latest dip in the share price?
And all these tips are good but never seem to make any difference

[rivaldo] 01/3/2023 09:51

SUR are newly tipped on the AIM Prospector web site - you can download the article for free:



Conclusion:

"A full year contribution from December 2021 acquisition CorEnergy will help and there is a wave of legislative/regulatory change that will increase demand for Sureserve's services.

While shares of this type typically do not attract a high rating, Sureserve has an excellent record, customer base and balance sheet.

The market valuation for the business appears mean bordering on outright wrong."

[knowhow77] 01/3/2023 09:44

East Midlands Housing Group have awarded Aaron Services a £3M contract

[knowhow77] 28/2/2023 16:51

No value at all for shareholders they should have paid a dividend if they can’t get an aquisition over the line yet 2 steps forward one step back AGM soon

[knowhow77] 28/2/2023 16:42

Usual pattern really no momentum and nothing from the board

[igoe104] 28/2/2023 16:40

I'd of liked to think we were doing to hear some news on the acquisition front, especially as we haven't heard anything on the dividend front. Surely 1p dividend, would be a drop in the ocean for sur and might attact more buyers, if the dividend was brought back.


The management were talking about an acquisition January 2022, and we are still waiting and at the expense of a dividend...