Sigma Capital Share Discussion Threads

[market sniper3] 05/1/2016 08:28

The Telegraph........

SGM sees FY pretax profit significantly up on views

Source: SMW
Sigma Capital Group expects to deliver a FY pretax profit of more than GBP2.0m, significantly ahead of current market expectations, following an H2 that progressed very well.

H2 saw Sigma's rate of delivery of PRS units ahead of management's initial targets.

"The Company remains very well positioned for 2016 with work in progress ahead of plan as recent announcements have indicated," Sigma said in a statement.

"Our second phase of PRS delivery with Gatehouse Bank plc, for c.900 new rental homes, is now underway across Greater Manchester and Liverpool, and our target for 2016 is to launch similar sized phases in two further regions in the Midlands and the South.

"This will deliver a run rate of over 3,000 units by the end of 2016, firmly positioning the Company as one of the largest housing delivery platforms in the UK and the largest in PRS.

"During the first half of 2016, we also expect to begin construction with our second house building partner, Keepmoat.

"This will add additional capacity alongside our long term partner, Countryside Properties, as well as access to further land opportunities in addition to our current pipeline."

[market sniper3] 05/1/2016 08:18

Sigma Capital to beat market expectations
Michele Maatouk | Sharecast | 05 Jan, 2016 07:49 - Updated: 08:08

Private rented sector and regeneration specialist Sigma Capital expects to report pre-tax profit for the year to the end of December significantly ahead of current market expectations thanks to a solid second half.
The group said the second half of the financial year has progressed very well, with the rate of delivery of private rented sector (PRS) units ahead of management's initial targets.
As a result, it now expects to deliver pre-tax profit in excess of £2m.
The company said it remains very well positioned for 2016 with work in progress ahead of plan as recent announcements have indicated.
Its second phase of PRS delivery with Gatehouse Bank for around 900 new rental homes is now underway across Greater Manchester and Liverpool, and its target for 2016 is to launch similar-sized phases in two further regions in the Midlands and the South.
This will deliver a run rate of over 3,000 units by the end of 2016, “firmly positioning the company as one of the largest housing delivery platforms in the UK and the largest in PRS”.
In addition, it expects to begin construction with its second house building partner, Keepmoat, in the first half of this year.
This will add additional capacity alongside its long-term partner, Countryside Properties, as well as access to further land opportunities in addition to its current pipeline.
Sigma is due to announce full year results in mid-April when a further update on trading will be provided.

[market sniper3] 05/1/2016 08:02

Off to a flyer up 10% on the day.

[market sniper3] 05/1/2016 07:56

SGM Sigma......


Recentish tip.............

MIDAS SHARE TIPS: Kuwaiti royals build profits with Sigma Capital Group as new homes ease shortage
By JOANNE HART FOR THE MAIL ON SUNDAY
PUBLISHED: 21:56, 19 December 2015

Read more:

[market sniper3] 05/1/2016 07:20

SGM Sigma, might get some of these depends on the spread, "significantly ahead of current market expectations"

. .... …

[riddlerone] 28/12/2015 13:01

I wonder if any of Sigma's Homes or Construction sites have been affected by the floods?

[ivor hunch] 21/12/2015 10:02

Good rise this morning - probably thanks to Midas article in the Mail. After a year in which the share price has moved very little, Sigma is beginning to motor.

[riddlerone] 19/12/2015 23:38

Could be an interesting Monday Tipped in The Mail on Sunday.Also profit figures confirming Investors Champions article forecasts
hxxp://www.mailonsunday.co.uk/money/index.html

[riddlerone] 11/12/2015 18:40

The Investors Champion article quotes House Broker estimates for y/e Dec 2017 profit 13.6m eps 12.8p.Can anyone verify this?

[ivor hunch] 09/12/2015 17:39

This could be an exciting few years for Sigma - strategy in place, funding available, sites and planning obtained, rents soon to flow. I've been in since they were 6.5p and still think they have a long way to go.
Ivor

[riddlerone] 28/11/2015 09:38

Well yet again Hendersons add considerably.I guess they will at least keep buying back up to the placing price of 75p.Finncap reiterating corporate buy this week as well so all set up quite well for the coming weeks

[riddlerone] 24/10/2015 22:15

hxxp://www.ftadviser.com/2015/10/21/investments/uk/costar-flees-overcrowded-mid-caps-vuUszMeaMIzq8o0xrI4xXL/article.html

[riddlerone] 04/6/2015 10:45

New website up and running,very impressive
hxxp://www.livedifrent.com/our-properties/

[lynden2] 03/6/2015 12:32

This analysis doesn't include the carry from their share in the uplift of the assets. Probably about £1m per £100m of GDC.

[riddlerone] 03/6/2015 12:01

Thanks lynden2

[lynden2] 03/6/2015 11:06

Net cash of c£6m

[lynden2] 03/6/2015 11:05

Singer have out £2.4m of PBT for FY16. Rises to £3.5 in FY17.

[riddlerone] 03/6/2015 07:07

I wonder if Edison will review their figures and issue a new brokers note soon?The AGM is coming up in a few weeks time so would be nice to have new revenue forecasts by then