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

K******

I have a decent stake in SFR. UK order book looks a little disappointing to me.

On the other hand the Indian order book sounds almost tantalising... " a number of higher margin commercial projects"..


The Indian order book has increased again to GBP128m at 1 September (1 June: GBP106m). With this record order book, and a growing level of new opportunities, which includes a number of interesting higher margin commercial projects, the Indian business ('JSSL') is well positioned to take advantage of a market for structural steel in India which continues to improve.

I like this stock as the growth potential in India is huge, the order book is now large enough to give good economies of scale and they seem to be getting a grip on margins. The market doesn't seem that bothered though about the India story and how fast the volume is growing there.

This is one of the dogs I hold my portfolio.

Was about £15 in 2007, but I hope one learns from mistakes.

Grrrr.

Upgraded by Peel to 100p today if that helps Fred.

I'm in at 69p from 2015, so it's not exactly done much for me either given the dividend yield was zero when I bought it. Dividend yield now up to 5.6% on premise the special continues, which I think it will as the balance sheet is very strong.

I was feeling much better a few weeks ago when it hit 88p, 3.4p dividend since then but a pullback to 77p seems overdone to me especially as SFR have continued to re-iterate full year guidance.

I'm happy to hold, churn the dividend and watch India play out. It seems a good option given the Brexit anxiety.

The "Indian" connection may be useful.

W/see.