Severfield (LON:SFR) - Share gain, some pain

Thursday, Aug 26 2010 by

Aug 26th 2010 - Edison Investment Research today published a report on Severfield (SFR.L, LSE:SFR, LON:SFR) entitled "Share Gain, Some Pain". In summary, the report says:

Management has called the shape of the downturn pretty well and has been proactive in securing work, which has enhanced its competitive position. This will not translate to a sharp earnings recovery in the short term although mid-cycle potential is arguably much improved. India adds a new dimension and its ramp-up phase will be keenly watched. Overall, SFR has performed creditably in very tough conditions though there is no obvious near-term catalyst to drive share price outperformance.

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Edison Investment Research


Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority ( more »