Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • SOM
  • Price:
  • 468p
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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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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