Sureserve Share Price (SUR)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Sureserve Group Plc	LSE:SUR	London	Ordinary Share	GB00BSKS1M86	ORD 10P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	0.00	0.0%	28.00	42,565	08:00:17

Bid Price		Offer Price	High Price	Low Price	Open Price
27.00		29.00	28.00	28.00	28.00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Support Services	190.75	1.95	-6.60		44

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
13:24:23	O	10,000	27.60	GBX

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Sureserve (SUR) Latest News

Sureserve News

Date	Time	Source	Headline
04/10/2019	07:00	UKREG	Sureserve Group PLC Post year end trading update and Board changes
25/6/2019	07:01	UKREG	Sureserve Group PLC Directorate change
25/6/2019	07:00	UKREG	Sureserve Group PLC Interim Results for the six months ended 31 March
24/6/2019	14:41	UKREG	Sureserve Group PLC Change of Adviser
24/6/2019	11:29	UKREG	Sureserve Group PLC Directors' disclosures
21/5/2019	12:44	UKREG	Sureserve Group PLC Director/PDMR Shareholding
21/5/2019	07:02	UKREG	Sureserve Group PLC Holding(s) in Company
16/5/2019	14:30	UKREG	Sureserve Group PLC Director/PDMR Shareholding
15/5/2019	07:00	UKREG	Sureserve Group PLC Change of Registered Office
15/4/2019	07:00	UKREG	Sureserve Group PLC Exercise of options

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Sureserve (SUR) Discussions and Chat

Sureserve Forums and Chat

Date	Time	Title	Posts
11/10/2019	11:09	Sureserve group plc - (SUR) - Energy Services / Compliance Leaders.	128
01/1/2019	11:08	Sureserve group plc - (SUR) - Energy Services / Compliance Leaders.	4
11/4/2006	05:21	SUN RESOURCES (ASX): CHART AND DISCUSSION THREAD (moderated)	4
22/1/2003	01:59	Signature Restaurant Group	176
14/10/2002	08:56	Richmond Strada as empty as Saddams brain	2

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Sureserve (SUR) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
12:24:25	27.60	10,000	2,760.00	O
07:06:27	27.60	32,565	8,987.94	O

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Sureserve (SUR) Top Chat Posts

Date	Subject
17/10/2019 09:20	Sureserve Daily Update: Sureserve Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker SUR. The last closing price for Sureserve was 28p. Sureserve Group Plc has a 4 week average price of 27.10p and a 12 week average price of 27.10p. The 1 year high share price is 36p while the 1 year low share price is currently 18.50p. There are currently 157,543,621 shares in issue and the average daily traded volume is 15,746 shares. The market capitalisation of Sureserve Group Plc is £44,112,213.88. Read Full Thread Reply
27/6/2019 07:36	igoe104: Edison note summary. Sureserve Group - Interims reflect a more predictable business Given the pre-restructuring history of Sureserve, the absence of any surprises or exceptionals in this set of interims is a cause for celebration. The more streamlined group is now focused on compliance and energy services, where growth is underpinned by regulatory drivers. H119 results showed revenues expanding by 13% y-o-y and EBITDA growing by 17%. The current FY19e P/E of 7.1x is in marked contrast to the 15.5x recently offered by Macquarie for PTSG, one of Sureserve’s peers, and highlights the relative attraction of the business. Our EPS estimates are unchanged for 2020, but tweaked up from 3.9p to 4.0p for FY19 following the interims. The business is seasonal in nature and H2 has a greater contribution to profitability as there are fewer callouts in the summer. Our FY19 EBITA estimate is virtually unchanged at £8.8m and is roughly in line with the c £9m management is targeting. We expect net debt to fall as the group is expecting an 80% cash conversion (underlying EBITA to operating cash flow) for the full year and at present believe shareholders prefer debt to be paid down instead of dividend income. The compliance and energy services businesses have strong market positions. Gas compliance has a market-leading position in public work and is likely to benefit from the consolidation in housing associations and the allocation of council budgets from maintenance to safety. Energy services has seen growth driven by smart metering and energy efficiency contract wins, and should see the benefit of the £55m Arbed 3, which has been mobilised and is now due to contribute profitably for H219. Peter Smith (ex-Mitie) has been announced as the new finance director and will join the company on 29 July 2019. This will allow Michael McMahon more bandwidth on developing the business and should allow more focus on narrowing the gap in fundamentals the group’s valuation. Management is growing the business successfully and sensibly. However, the share price has yet to reflect this. The P/E multiple is around 7x for both FY19e and FY20e and is at odds with the more stable business into which Sureserve has transformed itself. Read Full Thread Follow Reply
01/1/2019 11:08	igoe104: Results out mid month, could see decent bounce as long as long as they don't have a white elephant in the room. Sureserve sees earnings in line after 'strong' second half 1 October 2018 \| 08:06am StockMarketWire.com - Asset and energy support services company Sureserve Group, which recently changed its name from Lakehouse, said it expected its full-year profit to meet expectations. The recent sale of the company's construction and property services division had given it a greater focus on regulated businesses in compliance and energy services, which provided a profitable platform for predictable growth, the company said. 'Financial and operational performance has been strong in the second half of the year and the board expects that the outcome for profits for the year to September 2018 will meet expectations,' Sureserve said. At 8:06am: [LON:SUR] share price was +36p at 36p Read Full Thread Follow Reply
10/12/2018 14:42	diduno: WhoNeedsLottery2 - Did you not realise that you were posting on SUR share chat? Why did you forecast a single figure share price? Was that not for Sureserve as Lakehouse no longer trades? Look, I am a forgiving sort of chap and it's my belief that you made a simple error in believing that I was getting some sort of pleasure from this chaos. I do assure you that I'm not. It is in no one's interest for Sureserve to fail. Read Full Thread Follow Reply
09/12/2018 18:45	diduno: WhoNeedsLottery2 - I do assure you that I take no pleasure in any of this, although I have to ask if you take any pleasure in forecasting a single figure share price, the company heading towards administration and that in your opinion those holding shares should sell now? Do you not think that this would result in yet more staff and subcontractors being out of work? It is the subcontractors that I feel most sorry for. Their unpaid accounts have probably been used to pay the salaries of staff wholly or partly responsible for the subcontractors plight, albeit they have undoubtedly acted under orders! PS I do not know what happened with my previous post being printed 3 times. That was certainly not my intention. Read Full Thread Follow Reply
09/12/2018 10:54	whoneedslottery2: Edit - wrong thread Read Full Thread Follow Reply
05/12/2018 16:59	whoneedslottery2: Any more news diduno ? - the Share price is suffering badly at the moment. Read Full Thread Follow Reply
30/11/2018 10:33	igoe104: This is certainly turning out to be one of my worst investments ever. its a disaster of a share price at the moment. unfortunately they are still burdened with the errors from Mr Black. Read Full Thread Follow Reply
13/3/2006 02:34	robin_of_loxley: http://www.oilbarrel.com/home.html 13.03.2006 Empyrean Energy Maintains That Its Horizontal Drilling Of the Eagle North Well-1 Well in California Is A Good If Not A Conclusive Augury For A Commercial Discovery Share prices can be very volatile during drilling. As we never tire of saying, even with all the seismic in the world and access to previous drilling records, you never know if you have a commercial discovery until you drill. "Only Dr Drill knows" is the saying in the trade. To this should be added "you never know until you have drilled and tested a well". In recent months a couple of large companies who should know better have announced a discoveries that were not discoveries because on further testing they turned out to be non-commercial. Some smaller companies have drilled wells, said this looks interesting, and then taken the rig away to drill something else. Admittedly there is a worldwide shortage of rigs but, as they say in opera, it's not over until the fat lady sings or, in the case of the oil and gas industry, until a well has flowed commercial quantities of oil and gas. All this being said, it is a little surprising that the share price of Empyrean Energy saw a sharp drop when it announced there would be horizontal drilling on the Eagle North-1 well in California. The vertical well had already reached its target depth. The horizontal drilling might again turn out to be non-conclusive but, all other things being equal, it is a positive development rather than a negative one. Empyrean, which also has assets in Germany, has the right to earn a 38.5 per cent interest in the project by funding 55 per cent of the costs of the Eagle North-1 appraisal well. The well is operated by Australian firm Victoria Petroleum, which, like Empyrean, is quoted on London's Alternative Investment Market. For Vicpet, the Eagle North-1 well is a bit of unfinished business. The Eagle Oil Pool was discovered in 1986 by the Mary Bellocchi-1 well in which Victoria Petroleum was a participant. That hole flowed up to 223 barrels of oil per day and 0.7 million cubic feet of gas per day from the Gatchell Sandstone during testing but, at the then prevailing oil price of US$11 a barrel, was considered uneconomic. In 2001 the Eagle-1 horizontal re-entry of Mary Bellocchi-1 found 90 metres of gross target sands in the Gatchell Sandstone reservoir before being lost due to mechanical problems. In May 2004 a 14 km seismic strike line was acquired to further define the updip extent of the Eagle Oil Pool. The Eagle North-1 appraisal was drilled 400 m north of the original Mary Bellocchi-1 well. In February 2006, the partners announced that preliminary analysis of the wireline logs of Eagle North-1 indicated oil saturation in the target Gatchell sands over a 21 metre gross interval from 4,136 metres to 4,157 metres with net pay of 7 metres. Wireline logs also indicated that the top of the Gatchell sand drilled in Eagle North-1 was at the same level as seen in Mary Bellocchi-1, thus providing further support for the interpreted presence of a commercial Eagle Oil Pool in a potential stratigraphic trap. Then last week, the partners announced they were preparing to drill a horizontal well towards the lower Gatchell oil sands that produced oil during testing of the Mary Bellocchi-1 well. The horizontal well will drill laterally through 300 metres (within a vertical column of 15 metres) of lower Gatchell oil sands to determine the potential horizontal flow rate. So what does this mean exactly? In blunt terms, it means the companies are trying to shorten the odds against failure. By drilling horizontally, they are increasing the area exposed to production casing (from 21 metres to 300 metres). The Mary Bellocchi 1 well flowed at 223 bpd and there were 90 metres of gross pay in the re-entry. So, in theory, it could flow at three times that: perhaps 600 barrels of oil plus some gas. Or the well might find non-commercial amounts of oil and gas even if the partners can overcome the problems of formation damage. The horizontal drilling should take ten days that was last week so investors don't have much longer to wait. Read Full Thread Follow Reply
13/11/2002 21:27	simonevans: the fact that the share price has not fallen suggests to me that a deal will be done. any views? Read Full Thread Follow Reply
01/10/2002 22:01	simonevans: 60P is fairly pathetic, but in today's market most investor will probably think that cash is better than shares in this group. I think that the sequence of events over the last two years has all been in anticipation of today....two profit warnings althought trading has been quite good really, name change to Signature emphasising amorphous mass of restaurants and downplaying the gems in this group - Strada, Belgo, Bierodrome before you even get to Caprice and Ivy, downplay Strada continually - modest profit etc. etc. but should have been demerged into an ASK CENTRAL equivalent if genuine about shareholder value rather than Luke Johnson value, Luke appears in a TV programme and looks an idiot in a Belgo restaurant, cut the dividend to £nil when they didn't need to but brought the share price down which seemed to be the objective......I could go on, but its not worth it. One message...steer clear of this management team in the future whenever they mention shareholder value because they are more interested in their own value. One interesting thought....will we see Strada being sold or floated for more than £25m on its own in 2/3 years??? As always DYOR as these are only my personal views. Read Full Thread Follow Reply

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