Updates

Somero - Another beat sends shares towards £5

August 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares soared by over 50p to a new high after Somero said that thanks to strong demand from the USA, particularly in the last two months of the first half, it has upgraded guidance for the full year. Turnover and EBITDA are now expected to be US$110m and US$35m, respectively, up from US$100m and US$31m, due to high customer workloads on the back of roaring non-residential construction activity as well as project backlogs extending into 2022, reflecting a catch-up after the Covid-19 delays. FinnCap has raised eps forecasts from 39.9 cents to 45.4 cents (32.8p), rising to 48.7 cents (35.2p) in FY '22. It has also increased its net cash forecast by US$2.1m to US$33m and expects a generous 29.8 cent dividend. FinnCap’s new pr ...

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Cake Box

UP Global Sourcing - Eps enhancing acquisition

Somero (March 2023)

Somero (November 2022)

Somero (September 2022)

Somero - US sales rise 51%, PE just 10.9 (April 2022)

Somero - Trading ahead of expectations (January 2022)

Somero - Eps upgraded 15% (June 2021)

Somero - Final plus special dividend total 30.9 cents (May 2021)

Somero Enterprises - Provider of concrete levelling machines sees huge US demand from e-commerce (February 2021)

Somero - Maker of levelling machines could benefit from Trump infrastructure boom (January 2017)

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