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% 54.00 0.00 08:00:02
Bid Price Offer Price High Price Low Price Open Price
53.00 55.00 54.00 54.00 54.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 212.07 5.34 3.20 16.9 86
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 54.00 GBX

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Sureserve (SUR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-12-02 17:15:0054.00100,00054,000.00O
2020-12-02 17:15:0054.05100,00054,050.00O
2020-12-02 12:44:4653.085,9403,152.95O
2020-12-02 11:33:5655.007,7824,280.10O
2020-12-02 11:30:3453.05443235.01O
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Sureserve (SUR) Top Chat Posts

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 54p.
Sureserve Group Plc has a 4 week average price of 47p and a 12 week average price of 47p.
The 1 year high share price is 57p while the 1 year low share price is currently 31.40p.
There are currently 159,517,390 shares in issue and the average daily traded volume is 116,725 shares. The market capitalisation of Sureserve Group Plc is £86,139,390.60.
rivaldo: Mark Watson-Williams on Master Investor has updated this weekend on SUR as follows: "Sureserve Group (LON:SUR) – share stake hurdles overcome, brakes off now The change around in some larger share positions has possibly helped to take off the brakes on this compliances and energy services provider. Down to just 46p at the start of this month, the shares have been edging higher this week, putting on 12.5% this week alone, closing at 54p. Do not underestimate this group – basic services and cash generative, a classic combination. I still see them touching 70p within the next few months."
rivaldo: Agreed igoe104....and not only that, but (1) SUR install heat pumps, and (2) SUR survey and install other energy saving measures in properties. So SUR stand to benefit from three of the measures in the new green energy programme to be outlined today: Https:// "Homes and public buildings The government has pledged to install 600,000 heat pumps a year by 2028 as part of plans to make homes, schools and hospitals greener. Ministers want gas boilers replaced by electric heat pumps, which extract heat from the ground or air surrounding a building. However, they are expensive and poor quality installations have undermined consumer confidence. Earlier this year the government announced a £2 billion green homes grant scheme, with vouchers of up to £5,000 for energy-saving measures."
vfast: Good news Igoe, even 5% of the 800million is £40million and SUR have 4 divisions in that list so it could be worth a lot more money! SUR 4 divisions equal 11% of the 36 companies, it would very nice to get 11% of the £800million = £88million. Aaron Services Sure Maintenance Everwarm K&T Heating
johndoe23: That is positive news. Share price action since last update has been very disappointing!Should be at 60p, at least...
rivaldo: Tipped tonight on Master Investor - should bring in some interest tomorrow: Https:// "Sureserve Group – resilient trading update By Mark Watson-Mitchell 06 October 2020 A resilient trading update at Sureserve indicates higher final profits to end-September, writes Mark Watson-Mitchell. This morning’s post-year-end trading update from the £83m capitalised Sureserve Group (LON:SUR)points to increased profits yet again. Furthermore, with the compliance and energy services group continuing to win more business, the new trading year should be even better. Impressively, its order book is now £375m. For the year to end-September 2020, I would now expect the company to see a small fall in revenues to around £195m (£212.1m), which would be totally understandable considering the impact that the lockdown had on the business. However, I am looking for some £9.3m adjusted pre-tax profits (£8.3m), which is a healthy improvement. That would give earnings of around 4.5p per share. For the year now underway, I believe that its greatly increased contract chasing team will help build the group’s order book even further. Those new contracts generally have a three-year term, which provides a firming underbelly financially as the business progresses. End-year net cash balances were around £3m, which together with a £25m revolving credit facility and a £5m overdraft, plus some HMRC VAT deferrals, gives the company the financial ability to make small bolt-on acquisitions in due course. Give it a few more years of steady growth and I can foresee the business being valued at well over £150m, with revenues of £300m, its profits climbing to £20m and its shares trading at over 100p. The shares have been as low as 27p over the last year and peaked last month at 57p. They closed last night at 52p and, in my opinion, are moving up to trade around the 70p level, possibly before the annual results are published next January."
rivaldo: Very encouraging trading update just out... Https:// - nicely in line with expectations, which per my records are 4.6p EPS - this year's forecast is 5p EPS, so SUR's P/E is now only just above 10 - £3m net cash - excellent forward visibility through £375m order book - "the Group is delivering a consistently strong performance"
rivaldo: Nice review overnight on Master Investor by Mark Watson-Mitchell: Https:// "Sureserve Group (LON:SUR) – Trading update due shortly? After having eased back to 48p over the last few weeks, the shares of this compliance and energy services company have been creeping gently better again. Now at 52.5p they are only a few pence below their recent 57p high. My view is that they will continue to edge even higher ahead of the early October trading update referring to the September year-end. Undoubtedly, we will have some more positive news from boss Bob Holt and that can do no harm to the share price, which I see going up through the 60p level fairly soon."
rivaldo: Nice summary of the trading update by Mark Watson-Mitchell - great to see the 83p target from N+1 Singer: "Sureserve Group (LON:SUR) – just issued a strong trading update Well it looks as though Bob Holt has done it again. Under promised and over delivered. This morning his Sureserve Group (LON:SUR) has delivered a positive update on its trading since the end of March. It is a leading compliance and energy services group that performs critical functions in homes, public and commercial buildings, with a focus on clients in the UK public sector and regulated markets. Because of the essential work it performs the group was able to continue to work all the way through the lockdown process and despite the hassles it has demonstrated its resilience, picking up new orders and paying off all of its borrowings by the end of July. It retains a £25m revolving credit facility, together with its overdraft giving it an ability to fund its future growth plans. The order book was boosted by 21 new contracts, adding £16m of annual contracts. Furthermore, it has strengthened its bidding team to seek even more such business. “The group continues to show resilient growth in revenue, earnings and cash flows and looks forward to continuing its strong operational and financial performance during the rest of the financial year.” A very strong sign of its confidence is given as the group has guided its brokers as to current year, next year and prospective earnings. Estimates suggest that revenues to its September year end could be around £207.5m (£212.1m) with adjusted pre-tax profits coming in at £9.25m (£8.3m), jumping earnings up to 4.7p (4.2p) per share and easily covering a dividend of 0.8p (0.5p). The year to end-September 2021 could see £224m of revenues and £10.35m of profits, worth 5.25p in earnings and 1p of dividend per share. The way that Executive Chairman Bob Holt is shaping this £75m market capitalised group is confidence inspiring. Its strong balance sheet and financing ability should enable it to expand over the next few years. Considering its consistent growth in earnings, I believe that this company’s shares should be trading on at least a 15 times p/e, which would see them up to 70p. Brokers N+1 Singer have today put out a one-year price objective of 83p on the shares, which are up 9% at 46p in response to the update."
rivaldo: Nice update overnight from Master Investor: Https:// "Sureserve (LON:SUR) – Another Holt winner? Bob Holt OBE, the mover behind the growth of the Mears Group, is chairman of both Totally and this compliance and energy services group. Like Totally, it has had its ups and downs prior to Holt getting hold of the reins. Its current year-end is the end of September and following on from the very positive interims announced at the end of May, it would be fair to assume that the trend is continuing. Despite the Covid-19 hassles it was showing ongoing growth, helped on by the base of its business in the gas, water and electrical service sectors falling under the ‘key worker’ status. Obviously dependent upon government and local authority spending, Sureserve must be enjoying a much stronger second half year, considering just how needy its customers are for its various services, whether they are in lockdown or not. I have followed Bob for over two decades and his attention to detail and management style has never changed. He never over-eggs his business. In fact, he always under-promises and then looks to over-deliver in performance. Way back in mid-January, pre-Covid-19 days, I profiled the company at 36p before its interim results. They touched 51.5p subsequently, before falling back to just 31p at the end of March, since when they have recovered to rest at around the current 43p level. For the year to end-September I am looking for the group to hold its revenues fairly steady at £205m or thereabouts, while its pre-tax profits could see a major uplift from £5.3m to over £8m, worth 4p plus in earnings per share. And that excellent performance would have been set against a tough Covid-19 trading background. For the coming year some £225m of revenues and £10m pre-tax would see about 5.2p in earnings per share. With its shares at 43p, that would put them out at around 10 times current-year and just over 8 times prospective earnings. That would be too low a rating for such sales and profits potential."
rivaldo: Tipped overnight on Master Investor: Https:// "Sureserve – a 50% rise on the cards? By Mark Watson-Mitchell 14 January 2020 Under the stewardship of Bob Holt of Mears fame, this compliance-driven business looks highly undervalued and ready to pop, writes Mark Watson-Mitchell. Ask anyone in the City and they will tell you that compliance is a growth business. Whether it is for the control and regulation of financial matters or in the host of other sectors in which compliance is expected, then demand is certainly increasing for the performance of such services. A little company that has very big potential in the compliance sector is Sureserve (LON:SUR). It is not in the compliance of financial matters, but instead in gas services, especially into the social housing sector – which can be similarly pressured by legislation. We do not know the date yet, but the company should be reporting its September 2019 year-end results within days. They should show at least a 20% advance in pre-tax profits, making its shares look undervalued. The Basildon based group, which employs over 2000 people and has some 23 offices across the UK, is a leading compliance and energy support services business. It performs critical functions in homes, public and commercial buildings, with its focus on clients in the UK public sector and regulated markets. The demand for the group’s services is strong. It has gained a reputation for the delivery of quality services and has gained market leading positions in the highly regulated public sector gas maintenance and energy management sectors. The company serves customers in the social housing, public buildings and education markets. It also has a broad mix of customers in energy services and an increasing number of industrial and commercial customers. Some 60% of the group’s revenues are derived from its Compliance division and 40% from its Energy Services side. The Compliance division comprises planned and responsive maintenance, installation, and repair services in the areas of gas, fire and electrical, water and air hygiene and lifts. The Energy Services division comprises energy efficiency services, renewable technologies and smart metering services. In July 2016 Bob Holt was appointed executive chairman. I witnessed the massive growth of Holt’s Mears Group, from the early 1990s into what is today a £350m organisation, with its shares reflecting sales and profits growth, rising from just 11p in 1996 to well over 525p in 2017. While he is no longer involved with Mears, he is very much involved with steering the strategic direction of Sureserve. An important non-executive director of the company is Christopher Mills, the investment fund manager, whose Harwood Capital group actually bought 324,711 more shares in the company at 29p each in late November last year. That takes his stake up to almost 30.5m, representing 19.18% of the Sureserve equity. There are 159m shares in issue, with other leading investors in the equity including Slater Investments (10.1%), Downing (5.88%), Legal & General (5.55%), and EFG Private Bank (3.11%). Connected investors also control another 25% of the equity. Edison Research suggests that revenue for 2019 will have risen from £191m to £205m, with normalised pre-tax profits having leapt from £6.6m in 2018 to £8.1m for the year to end-September 2019. Earnings are estimated to have grown from 3.4p to 4.2p per share, with a minimal 0.25p dividend. For the current year, Edison is looking for £216m revenues and £8.6m pre-tax, worth 4.4p in earnings and again with a 0.25p nominal dividend per share. With the shares trading at around the 36p level, on just 8.5 times historic price earnings, they appear to be very undervalued. Just 12 times would see the shares stand at 50p – which is where I now set as my end-2020 target price."
Sureserve share price data is direct from the London Stock Exchange
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