Updates

Somero - Trading ahead of expectations

January 2022

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 60p to 535p after Somero upgraded full year guidance with revenues hiked 8% to US$130m and EBITDA by 7% to US$45m. Net cash expectations are lifted US$3m to US$39m, suggesting another special dividend is likely.The business, a seller of equipment to automate the process of spreading and levelling concrete for commercial flooring, highlighted particularly strong demand in North America, its largest market, albeit with healthy contributions from Europe and Australia.Somero’s gains are coming partly thanks to contractor backlogs but also demand for new warehousing (which need flat floors to facilitate higher shelving and to allow forklifts to zoom around more quickly). New warehousing demand is in turn dr ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Reach - Recruits another 400 writers

T Clarke

Somero (March 2023)

Somero (November 2022)

Somero (September 2022)

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

Somero - Another beat sends shares towards £5 (August 2021)

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)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X