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% 42.00 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
40.00 44.00 42.00 42.00 42.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 212.07 5.34 3.20 13.1 67
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 42.00 GBX

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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 42p.
Sureserve Group Plc has a 4 week average price of 42p and a 12 week average price of 39p.
The 1 year high share price is 52p while the 1 year low share price is currently 26.50p.
There are currently 159,251,840 shares in issue and the average daily traded volume is 8,243 shares. The market capitalisation of Sureserve Group Plc is £66,885,772.80.
rivaldo: Good news today as hoped - and also SUR have become one of the few companies pledging to pay their dividend rather than defer it! Https:// "a number of companies within the Sureserve Group have been classed as Key Service providers to critical sectors under the UK Government Guidelines in relation to COVID-19. As a result, these Group company employees are recognised as Key Workers and it is deemed essential that they continue to perform their duties".
rivaldo: Peel Hunt say Buy and have increased their target price to 50p: Https:// Their previous target of 40p had already been proven far too cautious and significantly exceeded. Given 4.4p historic EPS - and that we're already four months into the new year which should provide at minimum say 4.8p-5p EPS - then I'd say a 60p share price would be a fairer short-term target. Especially as businesses with 72% recurring or forward secured revenues should normally warrant a premium rating.
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.
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 - 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
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.
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.
whoneedslottery2: Edit - wrong thread
whoneedslottery2: Any more news diduno ? - the Share price is suffering badly at the moment.
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.
robin_of_loxley: 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.
Sureserve share price data is direct from the London Stock Exchange
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