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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sigmaroc Plc | SRC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.60 | 2.40% | 68.30 | 16:35:28 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 66.70 | 66.70 | 68.40 | 68.30 | 66.70 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Top Posts |
|---|
Posted at 06/4/2024 10:19 by davebowler Simon Thompson in IC....Rated on cash profit multiples of 6 (2024) and 4.8 (2025) to enterprise valuation and underpinned by free cash flow yields of 9 per cent (2024) and 16 per cent (2025), expect SigmaRoc's increased scale, low rating and exposure to decarbonisation trends to attract further investor interest. Buy. |
Posted at 20/3/2024 16:31 by mancman1 Investor presentation:hxxps://www.investor |
Posted at 19/3/2024 13:56 by bagpuss67 SigmaRoc has further to run as profits could doubleInvestors have been warming to a lowly rated heavy building materials group – and not without reason. Heading of IC article |
Posted at 19/3/2024 13:24 by bigboyblue Did anyone here attend the investor presentation? Any feedback for those of us who missed it? |
Posted at 07/1/2024 09:40 by masurenguy SigmaRoc's limestone brick road could lead you to richesSigmaRoc is set to become a top-tier lime and limestone producer, following an audacious deal announced late last year. Quicklime is used as a purifier to create products as wide-ranging as glassware, crockery, kettles, ovens, milk and sugar. It is also deployed to create steel bridges, buildings and roads. It is an essential component of paper production, ensures water is pure enough to drink and acts as a fertiliser, making soil less acidic and grass tastier for cattle. The shares are 57p and should move considerably higher as the transaction beds in and the business grows. SigmaRoc was founded in 2016 by Max Vermorken, a Belgian, now 40, who came to the UK to do a PhD and decided to stay put. Formerly at cement giant Holcim, Vermorken joined with building materials veteran David Barrett to create SigmaRoc, an innovative aggregates and quarrying firm. Both he and Vermorken felt that businesses in their industry had become too centralised, with decisions taken by directors far away from the coalface. From the start, SigmaRoc encouraged regional managers to develop their own networks, build relationships and make decisions based on local customers' needs. The strategy worked. In 2017, SigmaRoc generated sales of £27m and profits of £2.6m. By 2022, revenues had increased to £538m, while profits had soared to £63m. Growth came organically and by acquisition but Vermorken wanted more and, last year, he found it, when Irish building group CRH decided to offload its Northern European lime operations. Vermorken pounced and last November unveiled an £870 million takeover of the CRH businesses, funded by shares and debt. With SigmaRoc valued on the stock market at less than £400m, the deal was ambitious but big investors signalled their faith in Barrett and Vermorken, approving the acquisition just before Christmas. SigmaRoc already had a reasonable position in the limestone and lime industry. Following the CRH deal however, the group will become the number one operator in the UK, Ireland and Scandinavia and number two in Germany and much of Eastern Europe. Vermorken and his team have also proved that they can buy and integrate businesses, having acquired about 20 over the past seven years. This is the biggest, but it has been structured in three tranches. The first and largest was completed last week – the others will be finalised later this year. Payments are staggered too, with £580m due now and the rest falling due over the next six years. The combined business will generate significant economies of scale and lower transport costs, creating a company with more than 2.5bn tons of mineral reserves and resources. Size matters in this field. Many industries cannot function without lime so firms need to be confident that the right products will be delivered on time to their plants and factories. Vermorken has green credentials too. Lime absorbs carbon dioxide and is expected to play a key role as companies strive to reduce their carbon footprint. CRH has signalled its support too, spending £82m on a 15% stake in SigmaRoc, as part of the takeover deal. Midas verdict: Lime and limestone are essential components of daily life and SigmaRoc has now become a market leader in this sector. At 57p, the shares are a long-term buy. The Midas rec might have leaked on Friday as the price suddenly increased by 4% in the last hour. |
Posted at 08/12/2023 08:55 by alter ego There was a very worthwhile presentation of the rationale of this acquisition on Investor Meet yesterday. A recording will be available soon. Main impression was this opportunity was a game changer that would not occur again. Gives SRC the scale to achieve significant "network effect" benefits. Also creates a group that is no1 or no2 in supply of lime and limestone in their market. Lime is a key product used in multiple aspects of modern life and demand will continue to grow. Not expecting to need to raise fresh capital anytime soon.Very accomplished performance by Max. Clearly knows his stuff inside out. |
Posted at 07/12/2023 11:42 by melloteam SIGMAROC PRESENTING ON MELLOMONDAY WEBINAR - HALF PRICE TICKETJust to let shareholders and prospective investors know that SigmaRoc will be presenting on the MelloMonday webinar on Monday 11th December 2023, starting at 5pm. The programme is as follows: 5.00 pm Stephen English presents ‘Turnarounds – when and how to play’ 5.30 pm Company presentation by SigmaRoc PLC 6.10 pm Company presentation by Loungers plc 6.50 pm Educational session 7.10 pm Company presentation by Eagle Eye 7.50 pm Company presentation by Windward 8.20 pm BASH panel with Damian Cannon and Mark Simpson There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions. Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. |
Posted at 03/11/2023 10:56 by elsa7878 Quite surprised this hasn't rallied like Breedon (which is on a PE of nearly 11). Watched the latest update video on investormeet last night and impressed with the CEO, despite him being quite young. He seemed to have an almost encyclopaedic knowledge of his business (and so he should!). Is his age / experience a concern? He was keen to stress that they are well diversified away from housebuilding. It does seem very cheap. I can't find too many companies on a PE of 6. Not an investor yet but interested if anyone has any insights / opinions. |
Posted at 23/2/2023 09:43 by jacks13 I don't care how they dress it up but whose interests are they serving? They spend weeks with their various advisers lining up the acquisitions and then blast through a fund raising inside of two hours after close of business when many investors will be commuting home. Themselves, institutions and PIs in that order it seems. |
Posted at 23/2/2023 00:13 by elbrus55 This is a standard capital raising process and existing retail shareholders had an opportunity to subscribe very similar to the institutional. As I said in my message of 31 January they had hinted that a capital raise was on the cards and this might not be great for the share price in the short term. If you are busy or your broker makes things difficult, it is unfortunate but not something SRC can control. Retail investors can buy/sell in the open market. It is not realistic for institutions to do the same as the liquidity isn't there for the quantities they want.If you have evidence of insider trading I suggest you go to the police or other authorities rather than make unfounded accusations here. |
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