Sigma Capital Share Discussion Threads

[riddlerone] 06/1/2015 16:26

From the half year results in September,hardly a suprise
"we also announce that Marilyn Cole, Finance Director, intends to retire from the Company at the end of the year and that Malcolm Briselden, currently Group Financial Controller, will step up into Marilyn's role on her retirement.

Marilyn has been Finance Director since January 2000 when Sigma was still a private company and helped steer us through our listing and a number of major events in the Company's history. She has been an invaluable colleague, partner and friend, and on behalf of the Board I would like to thank her for her enormous contribution to Sigma and wish her every success in her retirement.

[red ninja] 06/1/2015 16:03

Bit of a hurried change of Finance Director today.
I wonder why ?

[riddlerone] 04/1/2015 08:59

Happy new year all,just noticed that Grainger has an agm on 04/02/2015 one to put in your'e diary.

[riddlerone] 20/12/2014 18:37

Looks like Grainger are getting very seroius.Maybe January will be a very busy month

[riddlerone] 05/12/2014 09:09

Yeah i saw that this morning Kooba,made me chuckle i must say very dry

[kooba] 05/12/2014 08:56

Well they say any publicity is good publicity....not sure this counts though.Sounds ok for shareholders but not necessarily reputationally enhancing!

[paleje] 25/11/2014 13:39

Well spotted riddlerone, Jan isn't far away.

[riddlerone] 22/11/2014 15:32

Really interesting article.Last paragraph reads well possible news by January!

[paleje] 21/11/2014 09:50

Bit more on Grainger from Citywire this morning, good to know we're choosing the right partners.......and they're they're choosing us:-

Grainger shares unfairly undervalued, says Numis
The housing market may have cooled but residential landlord Grainger (GRI) is producing continued outperformance.

Numis analyst Chris Millington retained his ‘buy’ recommendation and a target price of 278p on the shares after the company’s full-year results. Grainger yesterday jumped 3% to 198.2p.

‘Results are slightly ahead of our estimates and we will leave forecasts unchanged for 2015/16,’ he said. ‘Whilst we note that the housing market has cooled since the first half of 2014, Grainger’s pipeline continues to show progress due to its prudent valuation approach and the portfolio’s defensive characteristics.

‘Despite this the shares are trading at a 36% discount to forecast September 2015 net asset value which we feel is unwarranted, given the reversionary surplus embedded in the portfolio and Grainger’s track record of outperforming the wider housing market.’

[paleje] 21/11/2014 09:22

Our new JV partner published strong results yesterday.

Grainger: The listed residential group has recorded a 26 per cent rise in pre-tax profits to £81.1 million and said its gross net asset value per share had risen 20 per cent to 291p a share. The company, which is Britain's largest listed landlord, has increased its full-year dividend by 22.6 per cent to 2.5p a share.

[riddlerone] 20/11/2014 07:24

Paleje i hope you are right and markets are forward looking so there is a good chance of that.The placing which was fully subscribed was at this price and Hendersons and Hambro seem to be buying at any price near 60p so underpinning the downside.So looking at the Investors Champion article the fees are at the top end of their estimates from the results i have pasted.Here,s the best bit just from this first transaction which is a two year project i make it that we should generate 2million in revenue next year,1million year two then 500k per annum thereafter.Also adding ? million in asset value .This is just from this first deal!!

[paleje] 19/11/2014 20:14

Comment from Investors Champion, they see the recent news as just the start of an exciting journey. Agree with your comment in 6 months time, Riddler, but I also think it applies now and hopefully more news to come with not so long to wait this time.

[riddlerone] 19/11/2014 17:59

So just to remind everyone of the original estimated fees of this JV that started this week.F
From the 2013 Final results
"We expect the PRS Fund to generate fees for the Group through each stage of its life. Current indications of the fees we might expect are a 0.5% - 1% transaction fee, a 1.5% - 2% deployment fee during the construction phase, a 0.5% fee post construction during the asset management phase and a carry of c. 15% when the assets are sold".
We know that with the various regeneration projects that we broke even over the last six months so the 40m market cap is going to look pretty cheap six months from now.

[paleje] 19/11/2014 17:04

Article from Citywire today on the need for more affordable housing, both sale and rent, suggestion of a government backed scheme to get things moving whether that will happen or not might be doubtful this side of an election, but still we seem to be in an area that's urgently awaiting a solution:-

[kooba] 19/11/2014 07:51

Quite agree...finally found a domestic bank that will actually lend...not exactly that leveraged but at least something is in place and spades can now hit the ground.Hopefully the model now starts to expand quickly.

[paleje] 19/11/2014 07:47

I think that's happened previously:) Aside from it, a good start with roughly half of phase 1 underway after what has been a complicated process but now they have a 'model' and blueprint for further deals which will hopefully come through a bit quicker now they've got the ball rolling.

[kooba] 19/11/2014 07:19

No leak there then!

[smudgeroo] 18/11/2014 15:29

Breakout on volume. Looks good for further strength.

[riddlerone] 18/11/2014 09:01

Also we hope to have news on this by the end of the month another 700 million (over10 years)

[riddlerone] 18/11/2014 08:48

Didnt show the value though did it
"This is the largest UK PRS deal aimed at the development and letting of upwards of 9,000 private rented units over the next five-six years, with a envisaged total investment of more than £1bn"

[kooba] 18/11/2014 08:37

Think the RNS on the 10th was a clue!10 November 2014Grainger plc ("Grainger", the "Group", "Company")GRAINGER AND SIGMA CAPITAL GROUP PLC ENTER INTO STRATEGIC PARTNERSHIP TO DELIVER REGIONAL PRS DEVELOPMENTSGrainger, the UK's largest listed residential property owner and manager, today announces that it has signed an agreement with Sigma Capital Group plc ("Sigma"), the residential and urban regeneration specialist, which grants Grainger the exclusive option for an initial four year term to acquire development opportunities of 100 units or more sourced by Sigma, to create a large-scale Private Rented Sector ("PRS") portfolio across the key cities of England outside Greater London.

[riddlerone] 18/11/2014 08:29

Morning all,Heres a little snippet that we havent been told about hxxp://www.thelawyer.com/firms-and-the-bar/dla-piper-advises-sigma-capital-on-largest-uk-private-rental-sector-deal/3028456.article

[kooba] 17/11/2014 15:20

Hargreaves discretionary sell 1mHenderson and j o hambro increase.News on funding within next 2 weeks could be shaping up for a little move now?