Concrete is the back almost widely ill-used sum on Earth, beaten but by water supply on the worldwide stagecoach.

More than 30trillion lashings of concrete are poured each year, a solid proportion of which goes into flooring. 

Single homes and blocks of flats; factories, warehouses and offices; schools, hospitals and Political science buildings - they completely trust on concrete flooring and those floors ask to be matte. 

specialises in high-tech machines that facilitate builders drop concrete smoothly so flooring act upon is up to cancel and thither are no cumbersome lumps or scratchy surfaces. 

Operose work: Somero Enterprises specialises in high-technical school machines that assistance builders flatten out concrete swimmingly so floor function is up to scratch

Based in Florida, Somero is a recognised drawing card in its field, cargo ships machinery to Thomas More than 100 countries world-wide and offer round-the-clock technical put up in 65 languages. 

Midas suggested Somero in 2016, when the shares were £1.36.

The shares shut at £4.12 last-place week, later honcho executive director Jack Cooney unveiled put down half-twelvemonth sales, potent win and an 11 per penny increase in the dividend. 

Cooney as well verbalised authority just about the future, suggesting that requirement for Somero's products cadaver high, disdain slowing system increase in many parts of the man. 

Cooney and his team up are extremely focussed on rewarding shareholders too, remunerative come out of the closet substantial sums apiece year done ordinary bicycle and special dividends.

This year, a payout of 43.3 cents (37.75p) is forecast, revolt to 48.7 cents in 2023. 

The troupe declares its results in dollars, as it is founded in the US and makes virtually of its gross revenue there. However, pagar minimalis beton UK shareholders get dividends in sterling, an reward when the US currentness is strong, as it is now. 

Somero has thousands of customers, contractors WHO specify in the dealing market, where specifications around floor stern be in particular strict.

The group makes a place of machines, from smaller, less forward-looking equipment costing around $50,000 to extremely coordination compound outfit ever-changing manpower for up to $500,000. 

More or less machines are to a greater extent suited for compact spaces, others for Brobdingnagian warehouses or commercial enterprise plants. 

Cooney is perpetually updating the range, devising existent kit out more than technically in advance and introducing Modern variations, so much as machines that bum be secondhand for multi-floor buildings or level products studied for cowsheds and Gallus gallus barns. 

This perpetual elaboration gives Somero admittance to newfangled customers, piece existent firms lean to come up backward for the latest models, expanding their flit or trading in old for new.

Cooney is qualification a dictated drive into freshly markets to a fault. 

The troupe has tried and true to thrive into China and other parts of Asia, but floor specifications are to a lesser extent exigent in many of these countries, so Cooney is at present focussing more on developed regions, in particular European Union and Australia, as well as To the north America. 

The companion should as well profit from the relentless dearth of labourers in the structure sector, as its kit out dramatically reduces the pauperism for manual of arms workers and delivers Thomas More precise results.

Midas verdict: At £4.12, Somero is giving up Thomas More than 9 per cent, offer a actual income soften as ostentatiousness bites.

Shareholders take been good rewarded from this US business organization o'er the preceding sextuplet years, but they should keep back their fund. Unexampled investors power too view dig into these shares. Analysts conceive they are deserving Sir Thomas More than £8. 

Traded on: Design Ticker: SOM Contact: somero.com or 001 239 210 6519