Sweett Grp Share Discussion Threads

[cheshire man] 30/8/2013 10:45

Good timing there Saucepan :-)

[saucepan] 30/8/2013 10:21

Yes, a great statement. I went long at the bell.

It does not do any harm to be reminded of the long term chart, either. Breaking 50p will only have established a wonderful base.

[broadwood] 30/8/2013 09:02

TP increased.

Westhouse Securities Sweett Group PLC 30/08/2013
Retains
Buy Buy 0 50.00 58.00 37.50 8 2

[battlebus2] 30/8/2013 08:40

Some selling into strength after the annoucement.

[bruceylegs] 30/8/2013 08:34

"It is my belief that within the next two years Sweett Group can grow to a GBP100m turnover business with margins recovering to 7-8%."

I'm assuming he's referring to Net Profit margins? If so, it's currently circa 2%.

[interceptor2] 30/8/2013 08:22

What an excellent statement! You don't often see trading updates as bullish as this, and still so early in the year.

ic2...

[battlebus2] 30/8/2013 08:15

Order book still increasing now 102 million when in mid July it stood at 98 million. Margins increasing and expecting a turnover of 100 million in two years. Everything is positive imv.

[cheshire man] 30/8/2013 08:12

Plus not long before another update :-)


The Board looks forward to providing a further update in mid-October 2013 following the end of the half year."

[broadwood] 30/8/2013 08:10

bb - Ta. Nice start.

[this_is_me] 30/8/2013 08:10

Excellent statement which can only help the share price to rise further.

[battlebus2] 30/8/2013 08:08

Welcome onboard broadwood.

[broadwood] 30/8/2013 08:04

In for some at 40.68..

[cheshire man] 30/8/2013 07:38

Very pleasing indeed :-)

[battlebus2] 30/8/2013 07:34

LOVERLY STATEMENT....

"Following the trading update released on 22(nd) July, I am particularly pleased to inform shareholders that your Company continues to perform strongly and that the Board anticipates that the Group's results for the year ending 31(st) March 2014 will exceed management expectations. The performance for the remainder of the first half of the current year is encouraging across all of our operating regions, including a greater level of activity in our domestic UK market. As a result, I can report that the improved trading in the first quarter of this financial year announced on 22(nd) July is showing evidence of continuing in the second quarter. Furthermore, we are confident that the outlook for Sweett is very positive.

"The current order book is GBP102.5m (August 2012: GBP90.2m). Net debt at the end of July 2013 stood at GBP6.3m with an expectation of further reduction being achieved by 31(st) March 2014 and improvement in lock-up continues to be pursued vigorously.

"Looking to the future, Sweett continues to make strong progress. This is being driven by focused management, execution of the 3 year strategic plan and improved market conditions. Our prospects for the medium and longer term also look good and we have every confidence that this momentum will be maintained. It is my belief that within the next two years Sweett Group can grow to a GBP100m turnover business with margins recovering to 7-8%. The Board looks forward to providing a further update in mid-October 2013 following the end of the half year."

[markyjacob123] 29/8/2013 14:30

I missed that, what have FTI done?

[fugwit] 28/8/2013 18:46

No but would u be kind enough to reprimand FTI for their idiotic investor open day rns's while you are there. A small slap might even be warranted...

[cfro] 28/8/2013 16:27

Yes a report from the AGM would be much appreciated. I didnt realise you were invested here Davidosh, or are you only interested ?


Very pleased with the gain today in a sea of red in the wider markets. Looks like i timed my purchases yesterday well.

[battlebus2] 28/8/2013 13:13

Not possible i'm afraid but if you have the time davidosh a report would be appreciated.

[davidosh] 28/8/2013 13:03

Anyone coming to the Agm on Friday ?

[markyjacob123] 28/8/2013 11:06

Plenty up upside! It looks so cheap on x10.

The summer months have undoubtedly been strong for CSG. Asian construction has returned and the UK has improved markedly.

I would not be surprised to see a bullish statement this Friday with the AGM statement

[battlebus2] 27/8/2013 21:31

Welcome back cfro, as you say plenty of upside to come and a positive AGM statement won't do any harm at all so nice timing.

[cfro] 27/8/2013 18:26

Back in here today. Originally i sold out over all the hoo-ha involving Mr Francis trying to oust the board, but now that seems to have all settled down with the board getting on with aggressively growing the business. The story seems to have only begun here imo with lots to go for imo.

[markyjacob123] 27/8/2013 12:31

AGM this Friday.

Anticipate a strong trading statement as well.

[interceptor2] 23/8/2013 15:43

Seems like a sensible merger, in a fast growing region and sector. No financial details, so it's hard to draw any firm conclusions, might be more details when interims are reported at the start of September.

ic2...

[battlebus2] 14/8/2013 19:47

Thanks IC2 will take a look.