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Secondary Recommendation

Somero - Maker of levelling machines could benefit from Trump infrastructure boom

January 2017

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:
  • 220p
Somero (SOM), 220pOver the month we spoke with Jack Cooney, president and CEO of AIM-listed Somero, which manufactures laser guided machines for the construction sector, which automate the process of spreading and levelling volumes of concrete for commercial flooring and large concrete areas, such as car parks and warehousing. Our interest was piqued by President elect Donald Trump’s pledge to spend an additional US$1 trillion on US infrastructure such as roads and bridges as such largesse could easily translate into a major pay day for US construction. But the interesting thing is that Somero already has an impressive track record in its own right with turnover and pretax profit rising for four straight years from US$32.2m a ...

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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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