This company listing is no longer activeThis company may still be operating, however this listing is no longer active.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) 주식 개요Sureserve Group plc provides compliance and energy support services in the United Kingdom. 자세히 보기6QJ 펀더멘털 분석스노우플레이크 점수가치 평가4/6미래 성장2/6과거 실적5/6재무 건전성6/6배당0/6강점공정 가치 추정치보다 낮은 46.8% 에서 거래수익은 매년 8.32% 증가할 것으로 예상됩니다.지난 1년간 수익이 47.5% 증가했습니다.위험 분석지난 3개월 동안 주가 변동성이 German 시장과 비교해 높았습니다.지난 1년 동안 주주가 희석되었습니다.모든 위험 점검 보기6QJ 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% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-33m465m2016201920222025202620282031Revenue UK£464.7mEarnings UK£22.6mAdvancedSet Fair ValueView all narrativesSureserve Group plc 경쟁사CEWE Stiftung KGaASymbol: XTRA:CWCMarket cap: €639.3mBilfingerSymbol: XTRA:GBFMarket cap: €3.2bALBASymbol: DB:ABAMarket cap: €76.3mTAKKTSymbol: XTRA:TTKMarket cap: €152.7m가격 이력 및 성과Sureserve Group 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가UK£1.3952주 최고가UK£1.3952주 최저가UK£0.69베타0.641개월 변동0.72%3개월 변동48.66%1년 변동47.87%3년 변동n/a5년 변동n/aIPO 이후 변동78.78%최근 뉴스 및 업데이트공시 • 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.더 많은 업데이트 보기Recent updates공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2022공시 • 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.공시 • 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.주주 수익률6QJDE Commercial ServicesDE 시장7D0%2.5%0.6%1Y47.9%7.1%3.8%전체 주주 수익률 보기수익률 대 산업: 6QJ은 지난 1년 동안 7.1%의 수익을 기록한 German Commercial Services 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: 6QJ은 지난 1년 동안 3.8%를 기록한 German 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is 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%안정적인 주가: 6QJ의 주가는 지난 3개월 동안 German 시장보다 변동성이 컸습니다.시간에 따른 변동성: 6QJ의 주간 변동성(8%)은 지난 1년 동안 안정적이었지만 German 종목 중 상위 75%보다 높습니다.회사 소개설립직원 수CEO웹사이트19882,756Peter Smithwww.sureservegroup.co.uk더 보기Sureserve Group plc 기초 지표 요약Sureserve Group의 순이익과 매출은 시가총액과 어떻게 비교됩니까?6QJ 기초 통계시가총액€249.56m순이익 (TTM)€17.35m매출 (TTM)€357.41m14.4x주가수익비율(P/E)0.7x주가매출비율(P/S)6QJ는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표6QJ 손익계산서 (TTM)매출UK£304.16m매출원가UK£259.41m총이익UK£44.74m기타 비용UK£29.98m순이익UK£14.77m최근 보고된 실적Mar 31, 2023다음 실적 발표일해당 없음주당순이익(EPS)0.087총이익률14.71%순이익률4.85%부채/자본 비율0%6QJ의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/07/12 13:21종가2023/07/10 00:00수익2023/03/31연간 수익2022/09/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Sureserve Group plc는 3명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Neil ShahEdison Investment ResearchAndrew NusseyPeel Hunt LLPAlastair StewartShore Capital Group Ltd
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
