Sweett Grp Share Discussion Threads

[broadwood] 10/10/2013 09:11

Benefitting from DRV's update this morning.

[norbert colon] 06/10/2013 20:10

Thanks drewz - exactly. 1944johnpp - suggest hold on to your shares tightly as I personally feel they offer great potential.

[drewz] 04/10/2013 19:32

He's using a recent transaction of a similar business to put a valuation number to this company.

i.e. a similar business (Confluence Project Management) was bought by W S Atkins for a sum equal to 60% of their annual revenues.

Therefore if you work back and calculate 60% of CSG's annual revenues and divide that figure by the number of shares in issue it gives you a comparative valuation for this company in pence per share (70p) which implies a 40%+ price uplift from where we are.

[1944johnpp] 04/10/2013 19:16

Hi Norbert Colon
I'm new to this but hold a few CSG shares. I wonder if you would mind explaining what the following means - 'Confluence @ 0.6 x sales when applied on like-for-like basis to CSG would equate to share price of around 70p compared to current 50p hence 40%+ potential upside'.
Many thanks

[norbert colon] 04/10/2013 11:46

Atkins / F+G purchase today of Confluence @ 0.6 x sales when applied on like-for-like basis to CSG would equate to share price of around 70p compared to current 50p hence 40%+ potential upside.

Looking for more consolidation in this sector over the coming 12 months.

[cheshire man] 02/10/2013 15:21

Mentioned in the W H Ireland monthly news letter for October as one of the top ten value AIM stocks.

[vino] 01/10/2013 17:45

seems to have found a ceiling of 50p and will probably stay around this until prior interim November

[this_is_me] 30/9/2013 10:08

Operating margin is 2.9% at present so if that reaches 7-8% with a 25% increase in turnover and debt falling like a stone we should see EPS just about reaching the teens. That would make today's share price seem really cheap. I think that Eezymunny has got it right in his estimation of where the share price should be.

[cheshire man] 30/9/2013 09:19

Certainly a good start to the week :-)

[cfro] 30/9/2013 09:15

Positive move up again and still trading on a very low forward pe.

[broadwood] 30/9/2013 08:37

Continuing to benefit from that alliance.

[jaf111] 29/9/2013 10:35

Not sure i see a lot of day trading in CSG fizzypop....rather as the large seller appears to have finished i do see this moving forward strongly....certainly i'm on the same page here as EezyMunny. Lets hope we are right!

[fizzypop] 29/9/2013 10:11

Breaking through the 50p close on Friday will be interesting to watch next week but I guess the day traders will hammer it. Otherwise I suspect this will tend up towards the trading update on 14 Oct since we have had a trickle of positive news with a long term contract in HK, alliance with C3 and an office opened in New Jersey. What the stock market dislikes is a dearth of news. Any positive crumbs count.

[eezymunny] 28/9/2013 12:45

We can only guess Mo, but my guess is that yes, he's completely out now...

If that's the case it'll be interesting to see if there's enough buying interest to keep these moving up. If they catch up to price/sales ratio of HYC (for example) we're looking at an share price of c. 80p - and HYC P/E is only a modest 10.8 here. If those optimistic director forecasts (£100 rev and 8% op margins in 2 years) come in I think will see an share price in the 100-170p range (P/E 10-15). Lots to play for!

All dependent of course of future trading, no hiccups etc, and gawd only knows what happens to interest rates and construction spend if/when QE ends? Prob ugly for the likes of CSG :)

[mo123] 27/9/2013 17:17

Wonder if that was the last tranche of shares the ex dir had left. 850k sold?

[cheshire man] 27/9/2013 16:30

Great finish to the week here :-)

[this_is_me] 27/9/2013 16:08

Another nice jump today.

Yes you would expect that information about a potentially important alliance to appear on the RNS.

[cheshire man] 27/9/2013 15:47

Well spotted Battlebus :-)

[battlebus2] 27/9/2013 14:14

cfro yes looks an exciting alliance.
hxxp://www.theconstructionindex.co.uk/news/view/sweett-signs-international-infrastructure-alliance

[cfro] 27/9/2013 14:05

Interesting news BB2. Not on the advfn newswire as far as i can see. Where did you find it?

[battlebus2] 27/9/2013 12:05

Sweett Group and Cost & Contract Consultants (C3 Projects) have signed an infrastructure sector alliance agreement covering Ireland and the Middle East.


C3 Projects has offices in Dublin and Jeddah, Saudi Arabia, through its subsidiary C3 Projects Arabia. Sweett Europe has offices across the UK, Dublin and Madrid. Sweett Middle East North Africa currently has offices in Dubai, Abu Dhabi and Riyadh and has plans to open in both Oman and Qatar.

C3 Projects was established in 1995 to provide cost management services to the infrastructure, mining, high- tech manufacturing and pharmaceuticals sectors.

Kenneth Wood, senior director responsible for infrastructure at Sweett, said: "The aim is to combine our expertise in the UK infrastructure market with C3's track record in Ireland and the Middle East. We see that a combined offering across our core skills of project and programme management, cost management and management consultancy will bring substantial benefits to our clients. We continue to see worldwide opportunities emerging in the wider infrastructure sector and this alliance will help to further cement our offering in this important sector and region."

C3 Projects managing director Stephen Smith said: "We are very pleased and excited to expand our global network through this alliance with Sweett Group. We are already starting to look at opportunities together in the rail and mining sectors, where our experience in the project and risk management processes on major projects can give added value to a combined Sweett C3 offering.

[cheshire man] 27/9/2013 12:02

Nice rise :-)

[madmix] 27/9/2013 11:57

I suspect that any overhang has now cleared...

[battlebus2] 27/9/2013 11:46

And moving to another new high :))

[battlebus2] 25/9/2013 18:13

Great to see new recent highs.