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

K******

Given their performance recently I'd be interested to hear more. I know they were invovled in T5 at Heathrow.
Avsec

A year later and they continue to advance - any news krypton?

Avsec

It is interesting to note that virtually every director bought small parcels of shares last week at 1220p.

Probably the best sign there can be that there is more upside to come.

Ian

A particularly quiet thread for such a quality company.

Anyway there has been a 4 for 1 share split today which will increase liquidity and ought to be beneficial for SP performance.

In the pipeline there may well be contracts from the recently confirmed crossrail project in London (to add to the already massive and top quality order book).

Certainly one to keep an eye on.

what now

Drop looks overdone to me, but in these markets who knows. Ungeared, yield looks to be over 5% and director buying end of last week may help. I bought at between 240p and 250p and will lock them away - could be volatile in short term, but imo a quality smaller company.

More (substantial) director buying today at 248p.

Yes the purchase of 400,000 shares shows Chairman Peter Levine has strong confidence in the company's future prospects following the Fischer acquisition. The market cap. is only around 200 million, the latest forward order book is 440 million and the PE ratio is about 8.6 with 2007 PBT around 42 million. Buy.

I AGREE//BUT HOPING TO BUY LOWER IT A LONG TIME TO 2012/AROUND THE 230 ISH WILL DO/

Severfield-Rowen PLC said non-executive director David Ridley purchased 50,000 shares at 261.38 pence each, lifting his stake in the company to 52,000 shares.
ME TO.

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.