This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsSureserve Group（6QJ）株式概要Sureserve Group plc provides compliance and energy support services in the United Kingdom. 詳細6QJ ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長2/6過去の実績5/6財務の健全性6/6配当金0/6報酬当社が推定した公正価値より46.8%で取引されている 収益は年間8.32%増加すると予測されています 過去1年間で収益は47.5%増加しました リスク分析German市場と比較した過去 3 か月間の株価の変動過去1年間で株主の希薄化が進んだ すべてのリスクチェックを見る6QJ Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€1.390.7% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-33m465m2016201920222025202620282031Revenue UK£464.7mEarnings UK£22.6mAdvancedSet Fair ValueView all narrativesSureserve Group plc 競合他社CEWE Stiftung KGaASymbol: XTRA:CWCMarket cap: €639.3mBilfingerSymbol: XTRA:GBFMarket cap: €3.2bALBASymbol: DB:ABAMarket cap: €76.3mTAKKTSymbol: XTRA:TTKMarket cap: €152.7m価格と性能株価の高値、安値、推移の概要Sureserve Group過去の株価現在の株価UK£1.3952週高値UK£1.3952週安値UK£0.69ベータ0.641ヶ月の変化0.72%3ヶ月変化48.66%1年変化47.87%3年間の変化n/a5年間の変化n/aIPOからの変化78.78%最新ニュースお知らせ • Jul 12Cap10 Partners LLP completed the acquisition of Sureserve Group plc (AIM:SUR) from a group of sellers and others.Cap10 Partners LLP reached an agreement to acquire Sureserve Group plc (AIM:SUR) from a group of sellers and others for approximately £210 million on April 21, 2023. Under the terms of the acquisition, Sureserve shareholders will be entitled to receive 125 pence in cash for each Sureserve share held. The acquisition will be effected by means of a Court-sanctioned scheme of arrangement. The cash consideration will be financed by a combination of equity financing and new debt. Following the effective date, Sureserve will continue to operate as a standalone business group. Cap10 does not intend to make any material change in the conditions of employment, or in the balance of skills and functions, of the employees and management of Sureserve. Each of the non-executive members of the Sureserve Board have agreed to resign as a director of Sureserve with effect from completion of the acquisition. As of June 9, 2023. The Court Meeting sought approval from holders of Scheme Shares for the Scheme.Cap10 has received irrevocable undertakings and a letter of intent from Sureserve Directors, Harwood Capital, Miren Rawlings and Slater Investments in respect of their share holding in Sureserve. As of May 25, 2023, after disposal of 750,000 Sureserve shares, Slater Investments' irrevocable understating has also updated to its remaining shareholding of 25,568,325 shares, representing approximately 15.38% stake in Sureserve. The Sureserve Board unanimously recommended the transaction. The transaction is subject to the Sureserve’ shareholders approval at the Court and General meeting, the sanction of the scheme by the Court, subject to the law of England and Wales and the jurisdiction of the Court and the applicable requirements of the Takeover Code, the Panel, the FCA, the London Stock Exchange. As of July 6, 2023,the Court had sanctioned the scheme on July 5, 2023. The scheme is expected to become effective during late June/early July 2023. As of May 17, 2023, the Scheme is expected to become effective on July 11, 2023.Dimitrios Georgiou, Wladimir Wallaert, Nirav Amlani and Alex Bennett of Evercore acted as independet financial adviser to Sureserve Board. Stephane Auton and Daniel Bush of Shore Capital acted as nominated adviser to Sureserve. Alistair Allen, Rob McCann and Matt Jaquiss-Ollier of Rothschild & Co acted as financial adviser to Cap10. Proskauer Rose (UK) LLP is legal adviser to Cap10 and Eversheds Sutherland (International) LLP is legal adviser to Sureserve.Cap10 Partners LLP completed the acquisition of Sureserve Group plc (AIM:SUR) from a group of sellers and others on July 11, 2023.New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (3.0% increase in shares outstanding).Reported Earnings • May 17First half 2023 earnings released: EPS: UK£0.032 (vs UK£0.022 in 1H 2022)First half 2023 results: EPS: UK£0.032 (up from UK£0.022 in 1H 2022). Revenue: UK£155.3m (up 23% from 1H 2022). Net income: UK£5.20m (up 47% from 1H 2022). Profit margin: 3.3% (up from 2.8% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Commercial Services industry in Germany.Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €1.09, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total returns to shareholders of 9.0% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.13 per share.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.05, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total returns to shareholders of 14% over the past year.Reported Earnings • Jan 25Full year 2022 earnings released: EPS: UK£0.08 (vs UK£0.071 in FY 2021)Full year 2022 results: EPS: UK£0.08 (up from UK£0.071 in FY 2021). Revenue: UK£275.1m (up 13% from FY 2021). Net income: UK£13.1m (up 15% from FY 2021). Profit margin: 4.8% (up from 4.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Commercial Services industry in Germany.最新情報をもっと見るRecent updatesお知らせ • Jul 12Cap10 Partners LLP completed the acquisition of Sureserve Group plc (AIM:SUR) from a group of sellers and others.Cap10 Partners LLP reached an agreement to acquire Sureserve Group plc (AIM:SUR) from a group of sellers and others for approximately £210 million on April 21, 2023. Under the terms of the acquisition, Sureserve shareholders will be entitled to receive 125 pence in cash for each Sureserve share held. The acquisition will be effected by means of a Court-sanctioned scheme of arrangement. The cash consideration will be financed by a combination of equity financing and new debt. Following the effective date, Sureserve will continue to operate as a standalone business group. Cap10 does not intend to make any material change in the conditions of employment, or in the balance of skills and functions, of the employees and management of Sureserve. Each of the non-executive members of the Sureserve Board have agreed to resign as a director of Sureserve with effect from completion of the acquisition. As of June 9, 2023. The Court Meeting sought approval from holders of Scheme Shares for the Scheme.Cap10 has received irrevocable undertakings and a letter of intent from Sureserve Directors, Harwood Capital, Miren Rawlings and Slater Investments in respect of their share holding in Sureserve. As of May 25, 2023, after disposal of 750,000 Sureserve shares, Slater Investments' irrevocable understating has also updated to its remaining shareholding of 25,568,325 shares, representing approximately 15.38% stake in Sureserve. The Sureserve Board unanimously recommended the transaction. The transaction is subject to the Sureserve’ shareholders approval at the Court and General meeting, the sanction of the scheme by the Court, subject to the law of England and Wales and the jurisdiction of the Court and the applicable requirements of the Takeover Code, the Panel, the FCA, the London Stock Exchange. As of July 6, 2023,the Court had sanctioned the scheme on July 5, 2023. The scheme is expected to become effective during late June/early July 2023. As of May 17, 2023, the Scheme is expected to become effective on July 11, 2023.Dimitrios Georgiou, Wladimir Wallaert, Nirav Amlani and Alex Bennett of Evercore acted as independet financial adviser to Sureserve Board. Stephane Auton and Daniel Bush of Shore Capital acted as nominated adviser to Sureserve. Alistair Allen, Rob McCann and Matt Jaquiss-Ollier of Rothschild & Co acted as financial adviser to Cap10. Proskauer Rose (UK) LLP is legal adviser to Cap10 and Eversheds Sutherland (International) LLP is legal adviser to Sureserve.Cap10 Partners LLP completed the acquisition of Sureserve Group plc (AIM:SUR) from a group of sellers and others on July 11, 2023.New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (3.0% increase in shares outstanding).Reported Earnings • May 17First half 2023 earnings released: EPS: UK£0.032 (vs UK£0.022 in 1H 2022)First half 2023 results: EPS: UK£0.032 (up from UK£0.022 in 1H 2022). Revenue: UK£155.3m (up 23% from 1H 2022). Net income: UK£5.20m (up 47% from 1H 2022). Profit margin: 3.3% (up from 2.8% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Commercial Services industry in Germany.Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €1.09, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total returns to shareholders of 9.0% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.13 per share.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.05, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total returns to shareholders of 14% over the past year.Reported Earnings • Jan 25Full year 2022 earnings released: EPS: UK£0.08 (vs UK£0.071 in FY 2021)Full year 2022 results: EPS: UK£0.08 (up from UK£0.071 in FY 2021). Revenue: UK£275.1m (up 13% from FY 2021). Net income: UK£13.1m (up 15% from FY 2021). Profit margin: 4.8% (up from 4.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Commercial Services industry in Germany.お知らせ • Jan 24Sureserve Group plc, Annual General Meeting, Mar 21, 2023Sureserve Group plc, Annual General Meeting, Mar 21, 2023.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Chairman Nick Winks was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 12Sureserve Group plc to Report Fiscal Year 2022 Results on Jan 24, 2023Sureserve Group plc announced that they will report fiscal year 2022 results on Jan 24, 2023Reported Earnings • May 18First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£3.54m from profit in 1H 2021). Profit margin: (down from 3.1% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 8.5%, compared to a 15% growth forecast for the industry in Germany.Board Change • May 12Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Chairman Nick Winks was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 05Sureserve Group plc Appoints Tania Songini to the Board as Non-Executive DirectorSureserve Group plc announced the appointment of Tania Songini to the board of the Company as a Non-Executive Director with immediate effect. Tania brings over 20 years of senior financial management experience, most recently serving as Finance Director of Siemens Energy UK and Director of Finance and Operations for the International Rescue Committee UK, before concentrating on a portfolio career, which includes roles on the board of Thrive Renewables plc, a mid-sized renewable energy developer and operator, London Energy Ltd, a waste-to-energy operator and Energy Systems Catapult, an innovation development consultancy. Prior to 2015 Tania worked at Siemens for 18 years, during which she was involved in the energy, healthcare and logistics sectors. Her energy experience is predominantly around renewable power generation and transmission network infrastructure, and her healthcare work focused on PPP hospital managed equipment services.お知らせ • Apr 14+ 2 more updatesSureserve Group plc Appoints Sameet Vohra as Chief Financial OfficerSureserve Group plc announced that further to the announcement of his appointment as Interim CFO on 14 December 2021, the Board has appointed Sameet Vohra as permanent Chief Financial Officer with effective immediately. Sameet qualified as a Chartered Accountant with KPMG and has gained considerable finance and commercial experience in senior finance leadership roles, including as CFO at Science Group PLC, Group Director of Finance at Spectris PLC and Group Financial Controller at TT electronics PLC.お知らせ • Feb 17Sureserve Group plc to Report Fiscal Year 2021 Final Results on Feb 15, 2022Sureserve Group plc announced that they will report fiscal year 2021 final results on Feb 15, 2022お知らせ • Feb 16Sureserve Group plc, Annual General Meeting, Mar 22, 2022Sureserve Group plc, Annual General Meeting, Mar 22, 2022, at 10:00 Coordinated Universal Time. Location: at The City of London Club, 19 Old Broad Street London United Kingdom Agenda: To consider that the Company's Annual Report and Accounts for the financial year ended 30 September 2021, together with the Directors' Report and Auditor's Report thereon, be received and adopted; to consider that RSM UK Audit LLP be reappointed as the auditor of the Company to hold office from the conclusion of the AGM until the conclusion of the next Annual General Meeting at which accounts are laid before the Company and the Directors be authorised to fix the auditor's remuneration; to consider that Robert Legget be re-elected as a Director of the Company; to consider that Christopher Mills be re-elected as a Director of the Company; to consider that Peter Smith be re-elected as a Director of the Company; and to consider other matters.Reported Earnings • Jan 26Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: UK£0.071 (up from UK£0.04 in FY 2020). Revenue: UK£244.0m (up 25% from FY 2020). Net income: UK£11.4m (up 80% from FY 2020). Profit margin: 4.7% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 14%, compared to a 24% growth forecast for the industry in Germany.お知らせ • Dec 09Sureserve Group plc (AIM:SUR) acquired Corenergy Limited for £7.5 million.Sureserve Group plc (AIM:SUR) acquired Corenergy Limited for £7.5 million on December 8, 2021. The maximum total consideration payable for CorEnergy is £7.5 million, with an initial £5.9 million payable on completion, to be satisfied through £2.9m in cash and the issue of 3,281,879 new ordinary shares of 10p each in Sureserve (the "Consideration Shares"). The Consideration Shares are being issued at an effective price of 89.4p each, being the mid-market closing price over the last 5 business days. Further deferred consideration of up to £1.6 million may be payable, split equally between cash and shares, depending on CorEnergy's full year results to December 2021. The transaction is to be achieved on a debt free / cash free basis. The Executive Directors of CorEnergy, Tom Griffin and Richard Budzynski. will remain with CorEnergy following the acquisition by Sureserve. CorEnergy has grown through the successful delivery of a number significant contracts and in the year ending 31 December 2021 is expected to achieve revenues in excess of £6m and EBITA of £1m. Sureserve Group plc (AIM:SUR) completed the acquisition of Corenergy Limited on December 8, 2021.Recent Insider Transactions • Jul 30Independent Non-Executive Chairman recently bought €97k worth of stockOn the 28th of July, Nicholas Paul Winks bought around 100k shares on-market at roughly €0.97 per share. This was the largest purchase by an insider in the last 3 months. This was Nicholas Paul's only on-market trade for the last 12 months.Reported Earnings • May 22First half 2021 earnings released: EPS UK£0.022 (vs UK£0.013 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£114.6m (up 4.6% from 1H 2020). Net income: UK£3.54m (up 72% from 1H 2020). Profit margin: 3.1% (up from 1.9% in 1H 2020). The increase in margin was driven by higher revenue.Recent Insider Transactions • Apr 16CFO, Interim COO & Executive Director recently bought €91k worth of stockOn the 15th of April, Peter David Smith bought around 96k shares on-market at roughly €0.95 per share. This was the largest purchase by an insider in the last 3 months. This was Peter David's only on-market trade for the last 12 months.株主還元6QJDE Commercial ServicesDE 市場7D0%2.5%0.6%1Y47.9%7.1%3.8%株主還元を見る業界別リターン: 6QJ過去 1 年間で7.1 % の収益を上げたGerman Commercial Services業界を上回りました。リターン対市場: 6QJ過去 1 年間で3.8 % の収益を上げたGerman市場を上回りました。価格変動Is 6QJ's price volatile compared to industry and market?6QJ volatility6QJ Average Weekly Movement7.8%Commercial Services Industry Average Movement7.5%Market Average Movement5.8%10% most volatile stocks in DE Market13.3%10% least volatile stocks in DE Market2.8%安定した株価: 6QJの株価は、 German市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 6QJの weekly volatility ( 8% ) は過去 1 年間安定していますが、依然としてGermanの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19882,756Peter Smithwww.sureservegroup.co.ukもっと見るSureserve Group plc 基礎のまとめSureserve Group の収益と売上を時価総額と比較するとどうか。6QJ 基礎統計学時価総額€249.56m収益（TTM）€17.35m売上高(TTM)€357.41m14.4xPER（株価収益率0.7xP/Sレシオ6QJ は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計6QJ 損益計算書（TTM）収益UK£304.16m売上原価UK£259.41m売上総利益UK£44.74mその他の費用UK£29.98m収益UK£14.77m直近の収益報告Mar 31, 2023次回決算日該当なし一株当たり利益（EPS）0.087グロス・マージン14.71%純利益率4.85%有利子負債／自己資本比率0%6QJ の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2023/07/12 12:16終値2023/07/10 00:00収益2023/03/31年間収益2022/09/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Sureserve Group plc 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Neil ShahEdison Investment ResearchAndrew NusseyPeel Hunt LLPAlastair StewartShore Capital Group Ltd
お知らせ • Jul 12Cap10 Partners LLP completed the acquisition of Sureserve Group plc (AIM:SUR) from a group of sellers and others.Cap10 Partners LLP reached an agreement to acquire Sureserve Group plc (AIM:SUR) from a group of sellers and others for approximately £210 million on April 21, 2023. Under the terms of the acquisition, Sureserve shareholders will be entitled to receive 125 pence in cash for each Sureserve share held. The acquisition will be effected by means of a Court-sanctioned scheme of arrangement. The cash consideration will be financed by a combination of equity financing and new debt. Following the effective date, Sureserve will continue to operate as a standalone business group. Cap10 does not intend to make any material change in the conditions of employment, or in the balance of skills and functions, of the employees and management of Sureserve. Each of the non-executive members of the Sureserve Board have agreed to resign as a director of Sureserve with effect from completion of the acquisition. As of June 9, 2023. The Court Meeting sought approval from holders of Scheme Shares for the Scheme.Cap10 has received irrevocable undertakings and a letter of intent from Sureserve Directors, Harwood Capital, Miren Rawlings and Slater Investments in respect of their share holding in Sureserve. As of May 25, 2023, after disposal of 750,000 Sureserve shares, Slater Investments' irrevocable understating has also updated to its remaining shareholding of 25,568,325 shares, representing approximately 15.38% stake in Sureserve. The Sureserve Board unanimously recommended the transaction. The transaction is subject to the Sureserve’ shareholders approval at the Court and General meeting, the sanction of the scheme by the Court, subject to the law of England and Wales and the jurisdiction of the Court and the applicable requirements of the Takeover Code, the Panel, the FCA, the London Stock Exchange. As of July 6, 2023,the Court had sanctioned the scheme on July 5, 2023. The scheme is expected to become effective during late June/early July 2023. As of May 17, 2023, the Scheme is expected to become effective on July 11, 2023.Dimitrios Georgiou, Wladimir Wallaert, Nirav Amlani and Alex Bennett of Evercore acted as independet financial adviser to Sureserve Board. Stephane Auton and Daniel Bush of Shore Capital acted as nominated adviser to Sureserve. Alistair Allen, Rob McCann and Matt Jaquiss-Ollier of Rothschild & Co acted as financial adviser to Cap10. Proskauer Rose (UK) LLP is legal adviser to Cap10 and Eversheds Sutherland (International) LLP is legal adviser to Sureserve.Cap10 Partners LLP completed the acquisition of Sureserve Group plc (AIM:SUR) from a group of sellers and others on July 11, 2023.
New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (3.0% increase in shares outstanding).
Reported Earnings • May 17First half 2023 earnings released: EPS: UK£0.032 (vs UK£0.022 in 1H 2022)First half 2023 results: EPS: UK£0.032 (up from UK£0.022 in 1H 2022). Revenue: UK£155.3m (up 23% from 1H 2022). Net income: UK£5.20m (up 47% from 1H 2022). Profit margin: 3.3% (up from 2.8% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Commercial Services industry in Germany.
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €1.09, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total returns to shareholders of 9.0% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.13 per share.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.05, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total returns to shareholders of 14% over the past year.
Reported Earnings • Jan 25Full year 2022 earnings released: EPS: UK£0.08 (vs UK£0.071 in FY 2021)Full year 2022 results: EPS: UK£0.08 (up from UK£0.071 in FY 2021). Revenue: UK£275.1m (up 13% from FY 2021). Net income: UK£13.1m (up 15% from FY 2021). Profit margin: 4.8% (up from 4.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Commercial Services industry in Germany.
お知らせ • Jul 12Cap10 Partners LLP completed the acquisition of Sureserve Group plc (AIM:SUR) from a group of sellers and others.Cap10 Partners LLP reached an agreement to acquire Sureserve Group plc (AIM:SUR) from a group of sellers and others for approximately £210 million on April 21, 2023. Under the terms of the acquisition, Sureserve shareholders will be entitled to receive 125 pence in cash for each Sureserve share held. The acquisition will be effected by means of a Court-sanctioned scheme of arrangement. The cash consideration will be financed by a combination of equity financing and new debt. Following the effective date, Sureserve will continue to operate as a standalone business group. Cap10 does not intend to make any material change in the conditions of employment, or in the balance of skills and functions, of the employees and management of Sureserve. Each of the non-executive members of the Sureserve Board have agreed to resign as a director of Sureserve with effect from completion of the acquisition. As of June 9, 2023. The Court Meeting sought approval from holders of Scheme Shares for the Scheme.Cap10 has received irrevocable undertakings and a letter of intent from Sureserve Directors, Harwood Capital, Miren Rawlings and Slater Investments in respect of their share holding in Sureserve. As of May 25, 2023, after disposal of 750,000 Sureserve shares, Slater Investments' irrevocable understating has also updated to its remaining shareholding of 25,568,325 shares, representing approximately 15.38% stake in Sureserve. The Sureserve Board unanimously recommended the transaction. The transaction is subject to the Sureserve’ shareholders approval at the Court and General meeting, the sanction of the scheme by the Court, subject to the law of England and Wales and the jurisdiction of the Court and the applicable requirements of the Takeover Code, the Panel, the FCA, the London Stock Exchange. As of July 6, 2023,the Court had sanctioned the scheme on July 5, 2023. The scheme is expected to become effective during late June/early July 2023. As of May 17, 2023, the Scheme is expected to become effective on July 11, 2023.Dimitrios Georgiou, Wladimir Wallaert, Nirav Amlani and Alex Bennett of Evercore acted as independet financial adviser to Sureserve Board. Stephane Auton and Daniel Bush of Shore Capital acted as nominated adviser to Sureserve. Alistair Allen, Rob McCann and Matt Jaquiss-Ollier of Rothschild & Co acted as financial adviser to Cap10. Proskauer Rose (UK) LLP is legal adviser to Cap10 and Eversheds Sutherland (International) LLP is legal adviser to Sureserve.Cap10 Partners LLP completed the acquisition of Sureserve Group plc (AIM:SUR) from a group of sellers and others on July 11, 2023.
New Risk • Jul 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (3.0% increase in shares outstanding).
Reported Earnings • May 17First half 2023 earnings released: EPS: UK£0.032 (vs UK£0.022 in 1H 2022)First half 2023 results: EPS: UK£0.032 (up from UK£0.022 in 1H 2022). Revenue: UK£155.3m (up 23% from 1H 2022). Net income: UK£5.20m (up 47% from 1H 2022). Profit margin: 3.3% (up from 2.8% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Commercial Services industry in Germany.
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €1.09, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total returns to shareholders of 9.0% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.13 per share.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.05, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total returns to shareholders of 14% over the past year.
Reported Earnings • Jan 25Full year 2022 earnings released: EPS: UK£0.08 (vs UK£0.071 in FY 2021)Full year 2022 results: EPS: UK£0.08 (up from UK£0.071 in FY 2021). Revenue: UK£275.1m (up 13% from FY 2021). Net income: UK£13.1m (up 15% from FY 2021). Profit margin: 4.8% (up from 4.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Commercial Services industry in Germany.
お知らせ • Jan 24Sureserve Group plc, Annual General Meeting, Mar 21, 2023Sureserve Group plc, Annual General Meeting, Mar 21, 2023.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Chairman Nick Winks was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 12Sureserve Group plc to Report Fiscal Year 2022 Results on Jan 24, 2023Sureserve Group plc announced that they will report fiscal year 2022 results on Jan 24, 2023
Reported Earnings • May 18First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£3.54m from profit in 1H 2021). Profit margin: (down from 3.1% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 8.5%, compared to a 15% growth forecast for the industry in Germany.
Board Change • May 12Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Chairman Nick Winks was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 05Sureserve Group plc Appoints Tania Songini to the Board as Non-Executive DirectorSureserve Group plc announced the appointment of Tania Songini to the board of the Company as a Non-Executive Director with immediate effect. Tania brings over 20 years of senior financial management experience, most recently serving as Finance Director of Siemens Energy UK and Director of Finance and Operations for the International Rescue Committee UK, before concentrating on a portfolio career, which includes roles on the board of Thrive Renewables plc, a mid-sized renewable energy developer and operator, London Energy Ltd, a waste-to-energy operator and Energy Systems Catapult, an innovation development consultancy. Prior to 2015 Tania worked at Siemens for 18 years, during which she was involved in the energy, healthcare and logistics sectors. Her energy experience is predominantly around renewable power generation and transmission network infrastructure, and her healthcare work focused on PPP hospital managed equipment services.
お知らせ • Apr 14+ 2 more updatesSureserve Group plc Appoints Sameet Vohra as Chief Financial OfficerSureserve Group plc announced that further to the announcement of his appointment as Interim CFO on 14 December 2021, the Board has appointed Sameet Vohra as permanent Chief Financial Officer with effective immediately. Sameet qualified as a Chartered Accountant with KPMG and has gained considerable finance and commercial experience in senior finance leadership roles, including as CFO at Science Group PLC, Group Director of Finance at Spectris PLC and Group Financial Controller at TT electronics PLC.
お知らせ • Feb 17Sureserve Group plc to Report Fiscal Year 2021 Final Results on Feb 15, 2022Sureserve Group plc announced that they will report fiscal year 2021 final results on Feb 15, 2022
お知らせ • Feb 16Sureserve Group plc, Annual General Meeting, Mar 22, 2022Sureserve Group plc, Annual General Meeting, Mar 22, 2022, at 10:00 Coordinated Universal Time. Location: at The City of London Club, 19 Old Broad Street London United Kingdom Agenda: To consider that the Company's Annual Report and Accounts for the financial year ended 30 September 2021, together with the Directors' Report and Auditor's Report thereon, be received and adopted; to consider that RSM UK Audit LLP be reappointed as the auditor of the Company to hold office from the conclusion of the AGM until the conclusion of the next Annual General Meeting at which accounts are laid before the Company and the Directors be authorised to fix the auditor's remuneration; to consider that Robert Legget be re-elected as a Director of the Company; to consider that Christopher Mills be re-elected as a Director of the Company; to consider that Peter Smith be re-elected as a Director of the Company; and to consider other matters.
Reported Earnings • Jan 26Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: UK£0.071 (up from UK£0.04 in FY 2020). Revenue: UK£244.0m (up 25% from FY 2020). Net income: UK£11.4m (up 80% from FY 2020). Profit margin: 4.7% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 14%, compared to a 24% growth forecast for the industry in Germany.
お知らせ • Dec 09Sureserve Group plc (AIM:SUR) acquired Corenergy Limited for £7.5 million.Sureserve Group plc (AIM:SUR) acquired Corenergy Limited for £7.5 million on December 8, 2021. The maximum total consideration payable for CorEnergy is £7.5 million, with an initial £5.9 million payable on completion, to be satisfied through £2.9m in cash and the issue of 3,281,879 new ordinary shares of 10p each in Sureserve (the "Consideration Shares"). The Consideration Shares are being issued at an effective price of 89.4p each, being the mid-market closing price over the last 5 business days. Further deferred consideration of up to £1.6 million may be payable, split equally between cash and shares, depending on CorEnergy's full year results to December 2021. The transaction is to be achieved on a debt free / cash free basis. The Executive Directors of CorEnergy, Tom Griffin and Richard Budzynski. will remain with CorEnergy following the acquisition by Sureserve. CorEnergy has grown through the successful delivery of a number significant contracts and in the year ending 31 December 2021 is expected to achieve revenues in excess of £6m and EBITA of £1m. Sureserve Group plc (AIM:SUR) completed the acquisition of Corenergy Limited on December 8, 2021.
Recent Insider Transactions • Jul 30Independent Non-Executive Chairman recently bought €97k worth of stockOn the 28th of July, Nicholas Paul Winks bought around 100k shares on-market at roughly €0.97 per share. This was the largest purchase by an insider in the last 3 months. This was Nicholas Paul's only on-market trade for the last 12 months.
Reported Earnings • May 22First half 2021 earnings released: EPS UK£0.022 (vs UK£0.013 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£114.6m (up 4.6% from 1H 2020). Net income: UK£3.54m (up 72% from 1H 2020). Profit margin: 3.1% (up from 1.9% in 1H 2020). The increase in margin was driven by higher revenue.
Recent Insider Transactions • Apr 16CFO, Interim COO & Executive Director recently bought €91k worth of stockOn the 15th of April, Peter David Smith bought around 96k shares on-market at roughly €0.95 per share. This was the largest purchase by an insider in the last 3 months. This was Peter David's only on-market trade for the last 12 months.
