Somero is an American engineering company specialising in laser guided equipment for the accurate laying of concrete floors - an important issue in modern warehouses where very tall forklifts are used, and in many precision engineering buildings, as well as shopping malls, airport concourses, racetracks, runways, etc.. The company has no listing on US stockmarkets but is listed on the Alternative Investment Market (AIM) in London.

Manufacturing facilities are located in Michigan and Executive offices are in Fort Myers, Florida. Products are marketed in Europe, Middle East and Africa, Latin America and Asia through direct sales force, sales representatives and dealers.


Share price already more than trebled in 2012, and again in 2013. But PEG factor still very low.

Shares are eligible for inclusion in SIPPs and ISAs and are spreadbettable.

COMPANY WEBSITE www.somero.com
(select 'Investors' page for company structure)

See also MAJOR SHAREHOLDERS LIST


VIDEO of a Somero machine in use. Tractor unit can traverse a quagmire of wet concrete while leaving a laser controlled dead flat finish - either horizontal or to a precise drainage tilt: video (skip the intro advert)

Great company. Great mid-year results today. Onward and upwards.

"Somero’s Global Headquarters and Training Facility, and the home of the Somero Concrete Institute, is located in Fort Myers, Florida while the Company’s Operations and Support Center is located in Houghton, Michigan. Somero also maintains a Sales, Service and Training Facility that is home to the Somero Concrete College in Shanghai, China as well as sales and service offices located in Chesterfield, England and New Delhi, India."

I wonder if they will relocate with Brexit looming (out of Chesterfield). Also interesting that they are listed on LSE rather than NYSE, which might also change if they relocate.
Looks an interesting company in a niche market.