Great write up, I have been following them for a little while. I think they are a great PE target but they have been for a long time, so why has no one bitten? a secondarily is US would also cause a significant re-rating but until their is a a management change I cant see this happenging.
Great writeup, Johan! I've written them up a couple of years back as well https://valueinvest.substack.com/p/somero-enterprises-inc-soml and have small-ish position in them. Like you say it would be a good case for PE purchase or secondary listing. It's not done great lately
(stock price-wise) but they have had a fair few ups and downs over the years and recovered strongly...
Great write up, I have been following them for a little while. I think they are a great PE target but they have been for a long time, so why has no one bitten? a secondarily is US would also cause a significant re-rating but until their is a a management change I cant see this happenging.
Like Journeyman, i‘ve also a position in them. The profitability is massiv, even in downcycles margins are extremly high.
Thank you for the big picture and detailed writeup! I will subscribe!
Great writeup, Johan! I've written them up a couple of years back as well https://valueinvest.substack.com/p/somero-enterprises-inc-soml and have small-ish position in them. Like you say it would be a good case for PE purchase or secondary listing. It's not done great lately
(stock price-wise) but they have had a fair few ups and downs over the years and recovered strongly...
Thank you. I read your write-up, too. Best of luck going forward!