Tipped as a buy in the Independent today.

Sweett group

Snap up shares in Sweett Group, Charles Stanley insists. The analysts like the only UK-listed quantity surveyor as it has a "contracted order book" of more than £100m "for the first time in its history" with 67 per cent generated overseas and 33 per cent from the UK. The analysts rate it a buy with a 34p share price target and its shares were 23p.

2 April 2013

Sweett Group plc

("Sweett Group" or "the Group")

Sweett Group strengthens senior team in Asia, diversifies sector and service capability

Sweett Group today announces the strengthening of its Asia Pacific project management team through two senior-level appointments. Tom Leung is appointed Project Management Services Director for Hong Kong and China and David Case is appointed Regional Technical Services Director.

Tom Leung will be based in the Group's Hong Kong office with responsibility for developing the Group's project management service offering across mainland China and Hong Kong. Prior to joining Sweett Group, Tom was Vice President for infrastructure and real estate planning at Hong Kong Exchanges and Clearing Limited. His previous roles include Asia Head of Facilities Management for Goldman Sachs and Development Manager for Disneyland Hong Kong and Hutchison Properties Limited.

David Case will be based in the Group's Singapore office with responsibility for developing the Group's data centre expertise across the Asia Pacific region. Previously acting as Director and Regional Head of Engineering for Barclays Capital across the Middle East and Asia, where he was responsible for a portfolio comprising 2.6m square feet of office and infrastructure facilities, David Case has 15 years of experience of the region's property and data centre sectors.

Kim Berry, Managing Director, Asia Pacific, said:

"A key success factor in growing our Asia Pacific business is to diversify our service offering and sector expertise, in particular across mainland China and Hong Kong, where we have traditionally been focused on cost management services. I am very pleased to welcome two respected professionals of Tom and Dave's calibre into our organisation and I believe the enhanced service offering will be of considerable benefit to our clients."

- Ends -

For further information:

Sweett Group plc
Dean Webster, Chief Executive Officer +44 20 7061 9000
Theo Kjellberg, Group Communications Manager +44 20 7061 9102
Kim Berry, Managing Director, Asia Pacific +852 3166 9107
FTI Consulting
Billy Clegg, Oliver Winters, Latika Shah +44 20 7831 3113
About Sweett Group

Sweett Group plc is a global business with expertise in property and infrastructure professional services. Our services include programme and project management, cost management, advisory and PPP related consultancy.

We aim to forge long term, successful relationships with all stakeholders in the property and infrastructure industry. "Global knowhow, local delivery" is the essence of our business and our reach enables us to put global best practice to use in the local markets we serve.

www.sweettgroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

Looking at where the share price was in 2008 this could be a great recovery play.





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Sweett Group PLC Australian Project Management Appointment



Sweett Group PLC

08 April 2013

8 April 2013

Sweett Group plc

("Sweett Group" or "the Group")

Sweett Group appointed project manager on 1 William Street, Brisbane's newest tower development

Sweett Group, the international property and infrastructure consultancy, has been appointed as project manager on the recently announced AU$ 650m (GBP420m) 1 William Street commercial high-rise. When completed, it will be the second tallest tower in Brisbane.

Fresh from its project management of Brisbane's recently completed OneOneOne Eagle Street, Sweett Group has already commenced work on the development.

Sweett Group's team of Brisbane-based consultants will provide a full scope of project management related services for developer CBus Property. CBus Property is the property investment subsidiary of CBus, one of Australia's leading superannuation funds.

David Hayden, Managing Director, Australia, said:

"We are incredibly excited to be delivering yet another significant commercial development in Brisbane and are delighted to be working with CBus Property."

A focal point of the Queensland Government's strategic masterplan and housing the Queensland Government Headquarters, 1 William Street will achieve a height of approximately 258m on the banks of the Brisbane River and provide 75,000m2 of commercial office space across 41 levels with a total GFA of approximately 120,000m2.

Kim Berry, Managing Director, Asia Pacific, said:

"We have a strong pedigree of consulting on tall and super-tall buildings, currently including high profile developments such as The Shard in London, the CMA Tower in Riyadh, the Wuhan Tower in China and now 1 William Street and OneOneOne Eagle Street which are two of the tallest buildings in Brisbane. Whilst the experience gained on these complex and demanding structures readily translates across borders, they are each unique to their specific locations and a high degree of local knowhow is essential in their successful delivery, something Sweett Group excels at providing."

Adrian Pozzo, CBus Property Chief Executive Officer, said:

"Sweett Group not only had the high-rise experience we were looking for, they offered a proactive risk management approach."

Sweett Group's commission on 1 William Street stretches over the next four years and encompasses all phases of the development which is set to achieve a 5-star Greenstar and 5-star NABERS rating once completed.

- Ends -

Westhouse Securities reiterates buy - target price 45p

RNS just out - Directors buying shares. Trading update due soon.

Nice tick up - doesn't take many buys to get this moving.
Charles Stanley target - 34p
Westhouse target - 45p

Breaking out now.

Cheap as chips this - share price was over 100p in 2008, bottomed out last year and now on the road to recovery.imo

And another tick up.

doodle is there still a problem with the former chairman of Sweet, or has that been resolved?

No there is still a problem with him, but the RNS about that issue this morning seems to have sparked a positive move in the share price.

My god have you seen the intangibles here and minus net cash outflow.

gf, I would hate to think our opposing political views on another thread have clouded your judgement here. Just do some proper homework on this share before you start knocking it please. The share price has gone up 3.5p today while you have spent most of your time on another thread spouting your left-wing opinions!

CHECK what I Have said. I think your a gud un, your a good guy as far as im concerned. Nothing like that cattle truck up their. Thumb up from me DB.

ps, keep the good work up and try a post .or two on the chart attack thread .

appreciated GF.

having had a look at their financials after gf's comment on 14 above we would agree that there appears to be a serious cash problem, they seem to need to raise some cash pronto.

TCG also had a serious cash problem, halifax and the company nearly went kaput - look where the TCG share price dropped to and where it is now. The Board of CSG, similarly to the Board at TCG, realised that they needed to modernise and change in order to improve. " Diversify and strengthen" in the words of the CSG Board just recently.

News » UK » Sweett board fights back and claims majority support » published 10/04/2013

Sweett board fights back and claims majority support

The battle for control of quantity surveying practice Sweet Group has heated up today, with the current board claiming majority support and effectively calling its challenger an emotional liar.

Last month former Sweett chairman Francis Ives launched a coup attempt to return as chairman in place of incumbent Michael Henderson.

Sweett’s board is recommending shareholders reject Mr Ives’ proposal and said that it remains fully behind Mr Henderson.

Mr Ives owns 4% of the company still and last month claimed the backing of a further 10% of shareholders.

The Sweett board says that it has letters of intent from holders of 41.4% of the company's shares to vote against Ives’ resolutions and indications of support from a further 8.7%, giving it a total of 50.1% currently.

In a statement calling for support from shareholders, Sweett directors said: “The board believes Francis Ives is motivated by emotion and that he wants his old job back. Francis Ives wants to be executive chairman - a clear breach of best practice corporate governance. The board does not believe that Francis Ives is the right person to lead the group.”

Effectively accusing Mr Ives of spreading lies, the board added: “The requisitionists have stated they are concerned about retention of talent – there has been no significant loss of senior talent from the group. The requisitionists claim the group is excessively indebted to its bankers and vendors of acquired businesses and avoided administration only because these parties waived their entitlements – this statement is false. The requisitionists claim that Michael Henderson refused to consider a fundamental financial and strategic review – this statement is false.”

The board said that since Mr Ives left the company three years ago, it had made "significant progress" towards becoming a globally diverse business. “The responsible and considered approach adopted by the board and operational management teams in moving into new geographies and sectors has enabled Sweett Group to withstand the highly challenging conditions in its core markets whilst continuing to deliver growth,” the board said.

Senior independent director Nicholas Woollacott said: "The recent announcements of new commissions spread across the group's regions and sectors, as well as the record order book and robust interim results, give the board confidence in its current team, strategy and in the outlook for the group.

"Not only has Francis Ives failed to articulate a cohesive strategy, he has also made clear his desire to return to the group as executive chairman, demonstrating an attitude towards corporate governance which is not consistent with the standards expected of a publicly quoted company.

"Michael Henderson has the board's unequivocal support in his role as non-executive chairman and has been instrumental in the group's development into the diverse and global business that it has become in recent years.

"The board, which commands 12.4% of the vote, will be voting against all the resolutions and strongly recommends shareholders do the same. The group has received letters of intent to vote against all the resolutions from 41.4% of the share register. In addition, certain other shareholders representing 8.7% of the share register have indicated their support to vote against all the resolutions."

The general meeting of shareholders takes place in London on 9 May 2013 at 10am.

Positive trading update on 22nd July has sparked this into life again.

doodlebug4.

A buy in this weeks IC - The shares are too lowly rated on just 8 times forecast earnings.

Well done chaps.

Thank you for that dreamcatcher, I didn't know.

Doing well, as skinny said well done.

Another sky bound chart!

It's never looked back since changing the company name to Sweett Group and leaving Cyril behind - apologies to anyone out there called Cyril.

RNS Number : 8025M
Sweett Group PLC
30 August 2013
30th August 2013
Sweett Group plc
("Sweett Group", the "Company" or "the Group")
AGM Trading Update
Michael Henderson, Chairman of Sweett Group, will make the following statement on the Group's current trading at the Annual General Meeting to be held later today.
"Following the trading update released on 22(nd) July, I am particularly pleased to inform shareholders that your Company continues to perform strongly and that the Board anticipates that the Group's results for the year ending 31(st) March 2014 will exceed management expectations. The performance for the remainder of the first half of the current year is encouraging across all of our operating regions, including a greater level of activity in our domestic UK market. As a result, I can report that the improved trading in the first quarter of this financial year announced on 22(nd) July is showing evidence of continuing in the second quarter. Furthermore, we are confident that the outlook for Sweett is very positive.
"The current order book is GBP102.5m (August 2012: GBP90.2m). Net debt at the end of July 2013 stood at GBP6.3m with an expectation of further reduction being achieved by 31(st) March 2014 and improvement in lock-up continues to be pursued vigorously.
"Looking to the future, Sweett continues to make strong progress. This is being driven by focused management, execution of the 3 year strategic plan and improved market conditions. Our prospects for the medium and longer term also look good and we have every confidence that this momentum will be maintained. It is my belief that within the next two years Sweett Group can grow to a GBP100m turnover business with margins recovering to 7-8%. The Board looks forward to providing a further update in mid-October 2013 following the end of the half year."
A presentation will be given to shareholders present at the meeting which will be made available on the Company's website www.sweettgroup.comfollowing the conclusion of the meeting.

Sweett Group wins HK tunnel contract
StockMarketWire.com
Sweett Group has secured a commission to provide cost management services for a 2km submerged cross harbour rail tunnel in Hong Kong.

As part of a team led by engineering firm AECOM, Sweett Group will provide cost management services for the 4th Cross Harbour Rail Tunnel, part of the Shatin to Central Link (SCL) railway, including cost planning, bills of quantities and tender cost estimates.

The project works include temporary reclamation, immersed tube tunnel under the Victoria Harbour, cut-and-cover tunnel, ventilation building, marine piling and the reprovisioning of a finger pier.

The tunnel construction is scheduled for completion by 2020.

Funded by the Hong Kong government and delivered by the MTR Corporation, Hong Kong's rail infrastructure developer and operator, the 4th Cross Harbour Rail Tunnel will run from Causeway Bay, on Hong Kong Island, under the harbour to Hung Hom station, in Kowloon.

Target 58p

05 Sep 2013 Sweett Group PLC CSG Westhouse Securities Buy 44.25 43.25 58.00 58.00 Retains

RNS Number : 8926N
Sweett Group PLC
13 September 2013





Sweett Group plc



("Sweett Group" or "the Group")



Opening of New Jersey Office



Sweett Group, the international property and infrastructure consultancy, is pleased to announce that VVA Sweett Inc., the Group's North American joint venture with VVA, has opened an office in Mountainside, New Jersey (NJ), North America. VVA Sweett Inc, has offices in New York, Washington DC, Los Angeles and Boston. John Crandall*, a highly experienced project manager and veteran of the NJ real estate market, will serve as Managing Director. This marks another significant step in achieving Sweett Group's long-term growth strategy and expansion of its global platform in North America.



Dean Webster, Chief Executive Officer of Sweett Group, said, "We are extremely pleased to announce VVA Sweett's further expansion and our ability to serve the needs of the Jersey real estate market."



Lorenzo Vascotto, Founding Partner and Managing Director of VVA LLC, commented "VVA Sweett New Jersey will serve this robust marketplace, while leveraging the firm's global expertise and resources. 2013 has been an exciting year, marked by our expansion into New England with an office in downtown Boston, and followed by the opening of a West Coast office in Los Angeles. The NJ office advances an already successful initiative."

Looking at the chart - where do we go from here? The move North has been pretty relentless.

Very nice chart. :-)) well done all. To infinity and beyond. lol

The Independent must be feeling quite pleased with themselves - tipped this on 28th March.:-)

Unfortunately I am just a spectator! :-(

Poor skinny, me too if it helps. lol

Trading Update
RNS
RNS Number : 2491R
Sweett Group PLC
24 October 2013



24 October 2013



Sweett Group plc ("Sweett Group" or the "Group")



Trading Update





Sweett Group (AIM: CSG), the international construction and property consultancy, is pleased to provide the following trading update in advance of publication of its unaudited half-year results for the six months ended 30 September 2013.



Each part of the business has performed well and has contributed to a very positive overall performance in the first half of the year.



In Europe, of which for Sweett Group the UK is the major constituent, we have performed strongly. There have been clear signs of increased activity across all our markets. This has coincided with our continued diversification across a range of sectors. Our more traditional markets, including Retail, Commercial and Healthcare, have all demonstrated improving momentum. Our strategy to develop market share in the Transport, Energy and Infrastructure sectors is proving well judged. The financial close of the Leeds Social Housing project, which was announced in July, has contributed additional profits in the period in our Investments operation.



Our Middle East business, which is concentrated mainly in the UAE and the Kingdom of Saudi Arabia, has had a steady start to the year. The region is experiencing a resurgence in terms of activity and, through careful targeting and strong client relationships, we are steadily growing our order book. We have followed a strategy to target clients in sectors where our offer is the most compelling.



The Indian business continues to grow at a healthy pace serving both local developers and international corporate clients. We have recently established an office in Kolkata, our fifth in the country.



Our Asia Pacific business is trading in line with management's expectations while continuing to invest in service diversification and geographical expansion into further Asian hub cities. Operations in China have successfully moved emphasis from the residential sector into commercial and hi-tech sectors and we have commenced delivery of a combined Project Management and Cost Management Service in China principally servicing international corporates and foreign direct investors. In Hong Kong we are engaged in the very active infrastructure and engineering sectors providing cost management, programming and scheduling, contract advisory and claims services and across all offices in Asia and Australia we are growing a combined regional Project Management service structured to provide the international delivery standards required by our multi-national client base.



During the period, predominantly in the second quarter, the Group has unwound the whole of its Australian dollar derivative contract. The financial impact of this is a credit of approximately £1m to finance income which is virtually free of corporation tax and will be reflected in the Group's half-year results for the six months ended 30 September 2013. This is in excess of management's previous expectations and more than recovers the costs expensed in respect of this contract in previous years' financial statements, which totalled £874,000.



The Group's performance since the trading update at our AGM on 30 August has continued to be strong. For the reasons described above, trading operations have maintained the positive momentum referred to at the AGM. As a result, the Board anticipates that the Group's results for the year ending 31 March 2014 will be slightly ahead of management's expectations. Furthermore, the full year profit before taxation will also be increased by the £1m referred to above. Our efforts to achieve the objectives of our 3 year plan of turnover growth and margin improvement remain firmly on track.



The Board expects to announce the Group's unaudited half-year results on 3rd December 2013 and looks forward to providing a further update at that time.

I've been there many times with other shares skinny and probably quite a few that you have in your portfolio at the moment!

Westhouse Securities target 70p.

24 Oct 2013 Sweett Group PLC CSG Westhouse Securities Buy 52.00 48.50 58.00 70.00 Retains

Half year results due out on 3rd December, so judging from the trading statement today the share price should continue on its journey North up to that date. A very nice looking chart over the last four months.

Flying higher today.

Next target on the chart looks to be in the region of 75p.

Half year results due out on 3rd December. Let the trend be your friend!

skinny I have to thank The Independent for flagging this one up in March when I started this thread and bought in at 24p. Great recovery play when you look at the chart and where the sp was in 2008 = 120p.

Continues on the upward trend, next immediate target on the chart 75p.

Finished up 7.50% - pretty good!

Off on another flier this morning. Half year results due out early December.

In IC this week - Sweet still looks to cheap.

Thank you for that dreamcatcher, I don't get IC.

Reads well doodlebug4. The share price is just keeping up with the pace at which city analysts are upgrading their forecasts. There may be more good news when the group reports first half results next month, so there is still value to go for. Still a reasonable share rating 13.5 times forecast earnings for the current year, comfortably below average for the support services sector. And the speed at which earnings are growing means there will be scope for smart dividend growth. Buy.

Nice intraday reversal and I should have topped up on the 6p dip over the last two days - damn! Half year results out next week.

Interim Results

Operational highlights

· Diversified order book which stands at £101m, 61% of which represents orders from outside Europe;
· Positive contributions from all businesses;
· Continued diversification of revenue across all regions - Europe 56%, Asia Pacific 32% and MEAI 12%;
· Integrated approach to global clients;
· Significant new commissions in energy and infrastructure sectors;
· Frameworks representing an increasingly significant contribution;
· Increase in staff numbers by 9.5% to just over 1,500 over the last 12 months, reflecting ongoing investment in people to enhance our global footprint;
· Net debt down 25.2% to £7.1m (H1 2013: £9.5m);
· Successful unwinding of Australian dollar derivative contract resulting in £1m gain;
· Global banking facilities re-negotiated.

Is share price ahead of events?
@ 67.5p are on a historic PE of 17, taking the basic earnings 4p not the more diluted 3.4p

Adjusted earnings per share were 4.0p (2013 H1: 2.2p) and adjusted diluted earnings per share were 3.9p (2013 H1: 2.2p). Basic earnings per share were 3.4p (2013 H1: 1.8p) and diluted earnings per share were 3.4p (2013 H1: 1.8p).

Looks like it, ontheturn - share price getting hammered now.

Target price retained at 90p

03 Dec 2013 Sweett Group PLC CSG Westhouse Securities Buy 58.50 70.50 70.00 90.00 Retains

on Paul Scotts page today 10.30am -

Small Cap Value Report (3rd Dec)

I'm scratching my head a bit over the interim results to 30 Sep 2013 from Sweett (LON:CSG) this morning. The company has issued a series of very positive trading updates throughout this year, but these results really don't justify their bullishness, and the shares are down nearly 8% this morning to 65.5p.

I don't currently hold this share, but if I did, would be pretty miffed - both at the overly bullish statements previously issued by the company this year, and the misrepresentation of these results - the headlines say that profit before tax is up 75%, and that basic EPS is up 89%, but this is totally misleading! The underlying profitability is only up 6.7% to £2.7m. What has generated the increase in profit further down the P&L is finance income of £1m - which is the unwinding of an Australian derivative contract, so clearly should have been disclosed as exceptional, but hasn't been. Funny isn't it, how companies are terribly keen to strip out exceptional costs, but are coy about stripping out exceptional gains.

All in all, I think this is a pretty appalling case of total BS presentation of the figures, and I'm afraid that from now on I simply won't believe any upbeat trading statements from this company.

There is another table that tries to compare this year's £3.5m "core trading" with last year's £910k. However, the £3.5m includes the £1m derivative gain, which should surely be stripped out to make it comparable? They're not comparing apples with apples in my opinion.

Net debt has fallen from £9.5m a year ago, to £7.1m at 30 Sep 2013, although that is flat against the 31 Mar 2013 figure.

The interim dividend has been raised to 0.5p (from 0.3p), so since 0.7p was paid at the final stage last year, in all likelihood the payout this year is probably going to be about 1.3-1.5p, which gives a modest yield of about 2%.

Being a people business, I wonder how much profit growth potential there is, since in an economic recovery the staff will (justifiably) want pay rises, as in many cases pay has been restricted in the last five years.

Overall, as you can probably gather, I'm seriously unimpressed with how these figures have been presented, and as such there's no way I'll be buying back into this stock, and will treat all future trading statements from this company with a large pinch of salt.

How to value it accurately?

hxxp://www.-.com/content/small-cap-value-report-3-dec-vnet-csg-rgd-79575/

ott heartily agree caveat emptor!

Cockney Rebel posted a very similar view to Paul Scott early this morning on his thread. Paul Scott had previously bought into this stock I believe.

A buy in IC this week

Don't go sour on sweet

Property and infrastructure consultant Sweett was helped by a £1m gain from the unwinding of an Australian dollar derivative contract during the first half , which lifted reported numbers. But the underlying performance was still solid, with pre-exceptional operating profit before tax having risen 8% on year to £2.7m.
The order book grew 10% on the year to £101m. Momentum in the business is solid and with a forward PE ratio of just under 12 times for 2015, IC keeps the faith.

Thank you for that dreamcatcher.

Sweett probe finds 'instances of deception'
StockMarketWire.com
Sweett Group has confirmed that material instances of deception may have been perpetrated by a former employee or employees in 2009-11.

The group says this has come to light following an investigation into allegations that were made in the Wall Street Journal in June 2013.

The group says that since that announcement, there have been further talks with the Serious Fraud Office in the UK and initial discussions with the Department of Justice (DOJ) in the US.

The group is cooperating with both bodies and no proceedings have so far been issued by either of them.

The group has commissioned a further independent investigation which is being undertaken on its behalf by Mayer Brown LLP. It says that while this investigation is at an early stage and is ongoing, no conclusive evidence to support the original allegation has been found.

But it says evidence has come to light that suggests that material instances of deception may have been perpetrated by a former employee or employees of the Group during the period 2009-11. These findings are being investigated further.

N+1 Singer Buy 39.50 38.00 61.00 61.00 Reiterates

Westhouse Securities Buy 39.50 38.00 90.00 80.00 Retains

Results today. Load of issues but underlying profitability.

It got marked down first thing and I managed to get a few sub 22p before the market makers moved the price up.

Directors were buying at 24p a few months ago so I take that as a good sign that things are on the mend

profit warning.

Bid at 35p. I was offered 34.32 to sell today which seems a little high. Didn't take it on the basis small chance of a counter bid, but may change my mind if I see a better home for my money