The Progressive Approach
Many small to mid-cap companies are not getting the investor attention they need, particularly in the new regulatory environment.
Progressive aims to address this problem by providing a consistent flow of high-quality and objective research, together with a targeted programme of investor engagement.
Progressive helps companies inform existing and potential investors by communicating their investment messages in a clear, concise and objective way.
Severfield combines a classic construction sector strategic restructuring story, following significant losses in 2013. It is now in a strong position operationally and financially to reap the potential benefits from the unlocking of investment projects post-Budget and the Government’s attempts to ‘level up’ Britain’s infrastructure and economy. Its main differentiation versus its smaller peers is the company has moved further up the ‘value chain’ by targeting more sophisticated projects where the entry barriers are higher. The group is cash positive with, in our view, sustainable margins and lower risk than in the past. The Indian JV is backed by the country’s biggest steel group and has invested in capacity expansion to meet demand in a rapidly growing economy.