Sureserve Share Discussion Threads

[knowhow77] 17/4/2023 13:01

Mr Smith said that he would be surprised not to have an aquisition over the line by January 2022 !!!the clocks almost broken

[asagi] 17/4/2023 11:24

paying more out in dividends could frustrate management's stated strategy of acquiring.

I'm happy for management to stick with the strategy however, if acquisitions don't happen, they have failed to execute. So the clock is ticking.

Asagi (long SUR)

[rivaldo] 17/4/2023 09:28

I'm quite happy to sleep easy with this stock whilst many other companies' share prices have fallen or are falling.

In a perfect world SUR would have sold their non-core business, acquired new ones using their cash pile, paid dividends etc. But this is not a perfect world. It takes a long time to buy and sell businesses at the right price, particularly in the current environment.

I would much rather see a large acquisition on the table than a paltry dividend as a sop to income investors - the resulting capital gains would likely be much larger, and dividends outside ISAs aren't much use these days for many private investors anyway given the much reduced allowances etc.

I understand frustration, but it's not long until next month's interims, so perhaps this will herald the start of a news cycle.

[knowhow77] 14/4/2023 18:40

Very frustrating the situation it’s taking so long to get some positive news the share price stagnating Mr smith and Co need to get a move on it’s unacceptable really

[igoe104] 14/4/2023 17:38

Companies like KITW and RNWH are managing to do both, a steady dividend and a bolt on acquisition every year.

Why aren't SUR managing to do neither. Smith was talking about a acquisition 15 months ago, and still nothing, at a cost of shareholders dividends...

[knowhow77] 14/4/2023 16:20

Why be so reluctant to not declare a dividend whilst we await news on the sale and or aquisition it’s hardly a derogatory thing to do they seem to be taking the shareholders for granted at the moment.

[vfast] 14/4/2023 15:39

Yes, very flat regardless of any positive news.

What's it going to take to make this move forward? I go back to dividends, sale of the 2 businesses and / or a very good acquisition.

Peter Smith in one of his interviews early last year said he would be disappoint if we did not get an acquisition over the line by the end of 2022.

I think a lot of shareholders are disappointed as well!

For a company which appears to have so much going for it apart from its share price

[pinemartin9] 13/4/2023 12:24

I'm going to hold for results and see if there's a reaction. If not I'm out.

[knowhow77] 13/4/2023 09:45

Thanks for trading update timeline

[asagi] 13/4/2023 09:31

results schedule same as last year, we were third Tuesday of May last year.

Asagi (long SUR)

[pinemartin9] 12/4/2023 13:46

Yeah, all a bit boring here isn't it?

[knowhow77] 12/4/2023 11:41

Seems very quiet at the moment no big contracts announced no news on aquisitions anyone know when the next trading update is?

[rivaldo] 03/4/2023 15:21

Nice comment from the Naked Trader in his latest fortnightly post at the end of last week:

"Sureserve was liked by a lot at the follow up seminar last week, and level 2 looked good.

Showed how handy level 2 is, because it rose strongly by the afternoon. Shares look worth a lot more and remain too lowly rated."

[asagi] 31/3/2023 13:18

weren't there some big trades printed yesterday at 90p?

Asagi (long SUR)

[johndoe23] 31/3/2023 08:21

Wide spread, let's see if bid nudges up.

[knowhow77] 30/3/2023 14:04

I cannot believe how long it’s taking to sell the 2 businesses and get an aquisition sorted out !!
When are we due the next trading update

[rivaldo] 29/3/2023 11:47

Tomorrow looks like a good news day for SUR, with new government funding to be announced for various energy saving measures which SUR provides including insulation and smart heating:



"Cheap imported products made in polluting factories abroad may face new green import taxes and middle-income families will be given grants to make their homes more energy efficient under updated government plans to hit net zero by 2050.

The measures are part of a package of proposals that will be unveiled on Thursday by the energy secretary, Grant Shapps."

"The plan will be part of a wide range of updated net zero and energy policies to be announced on what has been called “energy security day”. Ministers will confirm that middle-income households will be given grants worth hundreds of pounds to make their homes more energy efficient under a new “Great British insulation scheme”.

Shapps will announce the plan to fund loft insulation, cavity wall insulation and smart heating controls. Unlike previous initiatives, which were targeted predominantly at the poorest households, 80 per cent of the new funding will go to households that are “able to pay”.

The money is expected to be given to people in council tax bands A to D, and the government will meet the bulk of the costs of any upgrades. The scheme, which will run over three years, will be funded using a levy on people’s energy bills known as the “energy company obligation”.

Ministers believe that people will make significant savings. Installing loft insulation can cost up to £1,100 but save £640 a year, and cavity wall insulation costs as much as £2,500 but can save £525 per year. Smart heating controls such as advanced thermostats and thermostatic valves cost up to £800 and can save £525 a year.

The scheme is part of measures that will be announced by the government in an effort to cut people’s energy use by 15 per cent by 2030."

[knowhow77] 24/3/2023 06:09

All in good time but could do with some news on aquisitions/sale of the divisions

[hsmith_08] 23/3/2023 17:47

A lot of action over the past couple of days…does anyone think we see £1 and beyond soon?

[igoe104] 23/3/2023 13:43

Yep, if like a coiled spring everytime it hits 90p. 🤔

Hopefully the Big buyer, will Hopefully clear this long-term 90p seller.

[knowhow77] 23/3/2023 12:22

Another big buy @ 90p 👍

[pinemartin9] 23/3/2023 12:21

Seems to love the 90p area! Let's hope this time is different. Certainly in a stronger position than ever before. Got to be a buy out target at these prices.

[doobz] 23/3/2023 12:13

Spiking again now into year highs, almost certain something is going on here

[gucci] 23/3/2023 09:53

good to see a 550k buy at 86.5p