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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sig Plc | SHI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| -0.14 | -0.70% | 19.86 | 09:56:32 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 19.00 | 19.00 | 19.98 | 20.00 |
| Industry Sector |
|---|
| SUPPORT SERVICES |
| Top Posts |
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Posted at 05/4/2023 07:19 by jc77777 Along with some other big institution buys last week hxxps://fintel.io/so |
Posted at 08/3/2023 19:39 by elongate Investors’ ChronicleSIG reports first profit in four years Cash outflow stemmed as building products firm returns to profit March 8, 2023 By Michael Fahy UK interiors arm gains market share Higher lease payments push up net debt Insulation specialist SIG (SHI) is building layers of its own, making its first pre-tax profit in four years. SHI:LSE SIG PLC 1mth Today change -4.88% Price (GBP) 39.95 The group embarked on a ‘Return to Growth’ strategy three years ago. It tapped shareholders for £165mn to make investments in a business that had been starved of cash, and the strategy is finally starting to show results (if not yet pay dividends). Like-for-like revenue grew by 17 per cent, driven by higher pricing. Its UK interiors arm, which provides more than a quarter of group revenue, returned to profit through “better pricing discipline and improving product mix”, allowing it to retake market share. It isn’t out of the woods yet, though. Although the group’s underlying operating margin improved, it still stands at just 2.9 per cent. New chief executive Gavin Slark, who recently joined from Grafton (GFTU), reiterated its medium-term aim of growing this to 5 per cent. It achieved positive free cash flow of £11mn (compared with a £124mn outflow in 2021) but net debt still rose by almost £80mn to £444mn, triggered by a £46.6mn increase in lease commitments. Although improved earnings meant its leverage ratio eased to 2.8 times, from 3.2 times in the prior year, borrowing levels remain elevated. With the company forecasting “weaker demand conditions” this year as new housing and home improvement markets struggle, bringing it down further could prove tough. SIG’s shares trade at 13 times broker Liberum's earni Last IC View: Hold, 36p, 9 Aug 2022 |
Posted at 22/10/2022 14:10 by elongate Interims were positive looking forward. The price has drifted with the gloomy macro outlook. Shi has the benefit of being a recovery stock coming off a low base, and I am guessing that results may be better in it’s case than the market anticipates. In any event, it is a far better company now than when rescued, and trading currently at a similar price to back then. |
Posted at 15/9/2022 14:33 by elongate The last attempt was a disaster. They are still dragging their feet.11th. August 2022. The Government has exacerbated the energy crisis by failing to ramp up the efficiency of British homes, argued the leader of an influential Westminster body. Darren Jones, chair of the Business, Energy and Industrial Strategy (BEIS) committee, told City A.M. that Government inaction on insulation measures – such as loft insulation and double glazing – had left energy users exposed to ultra-high energy bills. He believed energy efficiency measures had been neglected since the Conservative Party took office over a decade ago He said: “The Government has made this winter much worse due to ministers’ failure to deliver a successful, national home insulation programme since 2010. Reducing the amount of heating needed to keep our homes warm is an obvious way to reduce energy bills. That’s why energy efficiency works are the permanent solution to reducing costs.” The committee leader urged the Government to roll out a nationwide insulation plan to help tame soaring energy bills this winter, and help drive down energy bills for years to come. He said: “Ministers must now come forward with a bold, fully funded, national home insulation programme before the end of the year as a long-term solution to this crisis.” The UK has among the least energy efficient housing stock in Europe, with consultancy group Energy and Climate Intelligence Unit recently predicting that households with poor efficiency ratings will have to cough up nearly £1,000 more on their energy bills this year than other well-insulated homes. Jones’ calls follow the latest forecasts that the energy price cap – which establishes the maximum charge for customers on standard variable tariffs – could more than double this winter, and peak at over £4,000 per year in the coldest months of the year when demand is at its highest. Shi view. “We also believe we are well placed to benefit from sustainability tailwinds that will result from well publicised pan-European commitments to energy conservation, notably through improved insulation.” |
Posted at 12/9/2022 15:24 by qsmeily456 Elongate connected party ramper beware.Now let us see what the new CEO can do when he finally gets here with control and influence. Shi needs a good shake up. 💩 national PR and leadership in this lifetime opportunity of renewables⁴ and insulation😭& |
Posted at 12/9/2022 11:08 by elongate Shi remains a recovery stock, much improved, handed to Slark for the next steps. Refining the process started by Francis, and a greater focus on growth - perhaps more distribution deals and probably including a continuation of carefully targeted acquisitions as per. announced strategy. And additionally use of whatever particular strengths Slark brings with him from his past.Other than Slark, the last on 9th. August. Outlook • Market conditions, demand patterns and inflation dynamics have been variable across the Group’s geographic and end market segments through the second quarter, and we expect this backdrop to persist in the second half • Return to positive free cash flow expected in H2 as seasonal working capital unwinds, with the full year also expected to be positive, although we will remain committed to maintaining product availability and superior service • The Board remains confident in delivering its expectations for the full year. Commenting, Steve Francis, Chief Executive Officer, said: “SIG is a structurally different business to two years ago – more specialist, more local, more productive, more flexible. Over this time, we have delivered above market performance and enabled a rapid return to robust profitability, along with a rhythm of steady progress. The first half of 2022 in particular saw significantly stronger growth than originally planned, which resulted in margin improvement across our operations. “SIG today is resilient, flexible and sustainable: 80% of our products serve the insulation and building energy efficiency markets. We are by far the largest independent supplier in Europe of these products, which are needed now more than ever. “Our strong market position, growth strategy and decentralised model will continue to enable us to navigate the pricing environment well and drive market share gains. “In addition, our scale, diversification and resilience in uncertain markets mean that we are confident both in delivering the Board’s expectations for the year and in our growth path to 5% operating margin in the medium term.” hxxps://www.sigplc.c |
Posted at 09/9/2022 10:02 by elongate Grafton loss, Shi gain.Grafton shares tumble as chief executive Gavin Slark reveals exit plans after transformational tenure * Gavin Slark joined the Dublin-based company from BSS Group 11 years ago * Among the acquisitions he had overseen while in charge include Leyland SDM * In recent years, Slark has helped lead Grafton through the Covid-19 pandemic By HARRY WISE FOR THIS IS MONEY PUBLISHED: 15:51, 4 July 2022 | UPDATED: 17:04, Building materials supplier Grafton Group has announced that its boss will stand down at the end of the year after more than a decade in charge. Gavin Slark joined the Dublin-based firm as chief executive in 2011 following a five-year spell holding the same position at plumbing and heating products distributor BSS Group, where he oversaw its £557.6million sale to Travis Perkins. During his tenure at Grafton, he has steered the retailer through a dramatic transformation, making numerous acquisitions in the UK and overseas, such as stair contractor Stairbox and decorating retail brand Leyland SDM. The company also transferred its primary stock market listing from the Irish capital to London, expanded into the Nordic region and sold off its traditional merchanting arm in Britain to Huws Gray. In recent years, Slark has helped lead the firm through the Covid-19 pandemic, which initially caused some downturn in trade as a result of store closures across the British Isles before recovering very strongly as lockdown restrictions were loosened. The Sunderland-born boss said the choice to leave was made 'with a heavy heart,' but added he was 'confident that this is the right time for a new CEO to lead the business as Grafton embarks on its next phase of growth and development. 'I remain very committed to the leadership of the business over the next six months and to working towards a smooth transition to my successor.' Last year, Grafton posted its highest ever annual profits of £341.2million thanks to exceptional performances from its Northern Irish distribution business MacBlair, DIY brand Woodie's and Selco Builders Maintenance. Alongside this, overall revenue climbed by around a quarter due to prices of building materials in its British Isles distribution segments being driven higher by supply chain disruption. This happened in tandem with low interest rates, strong mortgage demand, and a temporary stamp duty holiday introduced by the UK Government in July 2020 boosting demand for property renovation and new housebuilding. Trade has continued to be positive since then, with total revenue between 1 January and 17 April up 15 per cent from the equivalent period last year. The retailer has also announced a share buyback programme worth up to £100million. Chairman Michael Roney remarked that Slark 'has made an outstanding contribution to Grafton and provided exceptional leadership over the past eleven years. Under his stewardship, the group has further extended its geographic footprint and has been transformed into a portfolio of higher quality and higher returning businesses with excellent market positions and strong growth prospects.' Markets reacted negatively to news of his departure, with Grafton Group shares tumbling 7.7 per cent to 721.6p on Monday, making it the second-biggest faller on the mid-cap FTSE 250 Index today. AJ Bell investment director Russ Mould said: 'The sign of a well-respected business leader is when the share price sinks on news of their departure. That’s happened with Grafton after Gavin Slark handed in his notice after 11 years at the top. 'He’s helped to sharpen the company’s focus and expand geographically, breathing some life into the business, and that’s why investors are disappointed he is now leaving.' |
Posted at 07/9/2022 16:21 by qsmeily456 And the mass media know more about British gas than shi....says it all. Their PR reach is abysmal 😭 |
Posted at 09/8/2022 15:41 by elongate That article by Investor’s Chronicle says,‘ Although a near-doubling of adjusted cash profit meant its leverage ratio fell to 3.0 times, from 3.9 times at the end of last year, the danger for investors is that as interest rates continue to tick higher, the additional earnings the company generates will once again be eaten up by debt servicing. Hold. Last IC View: Hold, 39.8p,11 Mar,2022’ Were that ‘danger’ a possibility, I would expect it to have been listed as a ‘principal risk and uncertainty’, but in any event it appears to be incorrect, as Shi says, ‘The Group's liquidity position remained solid throughout H1 2022 with the capital structure comprising €300m 5.25% fixed rate senior secured notes and an RCF of £50m. These mature/expire in November 2026 and May 2026 respectively. The senior secured notes are subject to incurrence-based covenants, and the RCF has a leverage maintenance covenant which only applies if the facility is over 40% drawn at a quarter end reporting date. The RCF was undrawn throughout H1 2022.’ When the time comes, Shi will refinance. In the meantime, with foresight, it took the opportunity to ‘fix’ on refinancing in November last ahead of time, and at improved rates to previously. |
Posted at 05/8/2022 08:38 by zho At the end of April SHI reported that "Group sales were 25% up on 2021 for the quarter to 31 March on a like for like ("LFL") basis. This represented a performance well ahead of previous expectations, with this momentum continuing into the month of April to date."Towards the end of June, KGP reported a record H1 (with trading profits expected to be up 26% compared to 2021) but added that “We have seen the mood in most end markets deteriorate over the last two months with order intake volume down significantly on the May and June period in 2021 …” So it's reasonable to expect a broadly similar story when SHI report H1 results next week. |
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