Updates

Somero

November 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 elephant in the room for Somero is, of course, rising interest rates in the US, its largest market and their effect on demand for its suite of concrete screed levelling products, which are used in large new warehouses. These have enjoyed a boom from the likes of Amazon requiring more places to store their goods (and process customer returns) in order to service the e-commerce boom. Encouragingly, there’s no signs of slowing down with interim results showing sales up 6.4% to US$68.5m, albeit EBITDA fell 1.7% due to additional recruitment of operational and support staff. Somero has reiterated full year guidance for revenues of US$138.8m, EBITDA of US$ 47.7m, and year-end cash of US$ 39.9m. North America grew sales 9% to US ...

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S4 Capital

Dunelm

Somero (March 2023)

Somero (September 2022)

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

Somero - Trading ahead of expectations (January 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.

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