Primary Recommendation

Somero Enterprises - Provider of concrete levelling machines sees huge US demand from e-commerce

February 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.

Somero, which I featured last time as a New Year Nap for 2021, provides laser guided machines for the non-residential construction sector to automate the process of spreading and levelling volumes of concrete for commercial flooring. Applications range from retail / shopping malls to warehouses, manufacturing plants, petrol stations, car parks, schools and universities. Armed with a battery of 78 patents, Somero has both invented and virtually cornered this market (its share is 99%!), with its products enabling customers to lay concrete faster, use less manpower and most importantly ensure they are flat so warehouse lift-trucks can work at top speed. That dominance helped it double in size between FY’13-’18 with sales rising 108% to US$9 ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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