This is a quality stock.
Just starting a thread - I'll post more very shortly.

K******

Looking good again today. Have warm feeling about this one.

mmmmmmmmmmm nice

Year Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-07 328.59 42.57 34.61p 8.1 0.2 +35% 18.55p 6.6%
31-Dec-08 388.90 53.35 41.26p 6.8 0.4 +19% 21.74p 7.7%
31-Dec-09 395.00 54.50 45.73p 6.1 0.6 +11% 23.37p 8.3%

over 300p today

Still going strong - now 320p

Severfield-Rowen Plc, results for year ended 31 Dec 2008 on Wednesday 25 March 2009.

A forward P/E of just 6, way too cheap imho.

looks like the Brokers think its a buy also and way too cheap...

Severfield-Rowen PLC

FORECASTS
2009 2010
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

ABN AMRO
30-03-09 BUY 33.98 27.20 20.00 23.96 19.17 15.00

Cenkos Securities
26-03-09 BUY 32.50 26.40 20.00 23.50 19.10 15.00

KBC Peel Hunt Ltd [R]
19-03-09 HOLD 42.06 33.22 20.00

FinnCap [R]
05-03-09 BUY 44.80 33.90 20.00

Eden Group
04-02-09 BUY

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 33.25 26.80 20.00 23.73 19.14 15.00

1 Month Change -8.78 -6.35 0.00 0.23 0.04 0.00
3 Month Change -12.43 -7.97 -0.34 0.23 0.04 0.00


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS -17.20% 2.45% -28.58%

DPS 45.31% -13.98% -25.00%

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

EBITDA m 40.88m 30.36m

EBIT m 34.00m 24.00m

Dividend Yield 14.13% 12.16% 9.12%

Dividend Cover 1.12x 1.34x 1.28x

PER 6.29x 6.14x 8.60x

PEG -0.37f 2.50f -0.30f

Net Asset Value PS p 133.20p 128.93p

I take it you like it then cyners/.

looks to me like its one hot little stock about to get much bigger.

not sure ...... have put on watchlist (ditto WSP), but suspect there will be some froth blown away during the day

ITS CHEAP

so is ASDA's chicken, but that is no recommendation - lol!
this is another share that started strongly and then just sat, despite the general euphoria

ARSENAL AND TERM 5

?????? ...... did they put in the baggage handling system or just the miles and miles and miles of walking and no signposts?

STEEL WORKS YOU SILLYMAN

Brokers positive...

Severfield-Rowen PLC

FORECASTS

2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

ABN AMRO
30-03-09 BUY 33.98 27.20 20.00 23.96 19.17 15.00

Cenkos Securities
26-03-09 BUY 32.50 26.40 20.00 23.50 19.10 15.00

FinnCap [R]
05-03-09 BUY 44.80 33.90 20.00

Eden Group
04-02-09 BUY

2009 2010

Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 33.98 26.85 20.00 23.96 19.14 15.00

1 Month Change -8.05 -6.30 0.00 0.46 0.04 0.00
3 Month Change -8.05 -6.54 0.00 0.46 0.04 0.00


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS -17.20% 2.64% -28.72%
DPS 45.31% -13.98% -25.00%

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

EBITDA m 41.33m 31.20m

EBIT m 34.00m 24.00m

Dividend Yield 12.95% 11.14% 8.36%

Dividend Cover 1.12x 1.34x 1.28x

PER 6.86x 6.68x 9.38x

PEG -0.40f 2.53f -0.33f

Net Asset Value PS p 133.20p 128.93p

Bought these a couple of days ago at 208p including costs. Hoping for around 280p.

Worth a good look. Fundamentals seem sound to me. BDYOH

Goes ex-divi on wed 13th May - 10p.

Business Financial Newswire
"Severfield-Rowen says that trading has continued at a strong level during the first five months of 2009 and that pre tax profits will be ahead of management's expectations.

But this is tempered by the news that the Company is experiencing a significant decline in demand in the Company's key UK construction sectors and as a result will implement further cost reductions and reconfigure capacity.

Tom Haughey, Chief Executive Officer, says:"We continue to have a relatively strong order book, currently valued at 267 million, which will be increasingly sustained by export sales supplied from our UK facilities, albeit at lower margins which are also subject to exchange rate fluctuations.

"We have good visibility for the current year and remain confident of a strong financial performance for the rest of 2009, but are cautious in our outlook for 2010."