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Somero - Final plus special dividend total 30.9 cents

May 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:
  • 380p
Having added these to Trader Portfolio 2, I was half expecting another trading “beat” at Somero’s final results but news of a special dividend of 18.1 cents (13.2p) to go with a final of 12.81 cents (9.3p) wasn’t a bad consolation. In spite of the Covid-19 blighted first half,  screed leveller Somero’s second half was strong enough to generate full year revenues almost unchanged at US$88.6m (FY’19: US$89.3m) with EBITDA down 9% to US$26.1m (eps: 33 cents). Net cash of US$35.4m (FY’19: US$23.8m) was the highest in its history. Its largest US market grew sales by 8% to US$70.7m with US non-residential construction remaining buoyant thanks to large project backlog at its c ...

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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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