SIG Share Chat (SHI)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
SIG	LSE:SHI	London	Ordinary Share	GB0008025412	ORD 10P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.50p	-0.35%	141.40p	141.30p	141.80p	142.10p	139.80p	141.40p	18,458	08:09:41

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Support Services	2,878.4	-51.2	-10.1	-	835.87

SIG Share Discussion Threads

Showing 976 to 998 of 1000 messages

Chat Pages: 40 39 38 37 36 35 34 33 32 31 30 29 Older

Date	Subject	Author	Discuss
09/3/2018 08:11	SHI results announced today - another year where the "underlying" results are fine - and another year where the statutory P&L shows a huge loss - companies really shouldn't be allowed to manipulate their numbers in this way.	puzzler2	Read Full Thread Reply
06/2/2018 11:34	If the fraud lies in the insulation part of the business, which is likely, then the rebates will be proportionally huge and volume related. For some reason insulation evolved rather exaggerated levels of rebate compared to other building materials, and complicated. Some will be monthly, and quarterly, but a large amount will be annual. Easy to manipulate, and bamboozle auditors, if you want. The issue I was trying to highlight in my last post is the claim that 2017 expectations remain unchanged. That seems like BS to me. Expectations for 2017 rebates will be built on those for 2016, and now that 2016 have been shown to be overstated the expectations for 2017 rebates must be reduced.	kingl	Read Full Thread Reply
01/2/2018 16:18	I don't think it works like that KingL. We Supply to SIG and rebates are calculated every month on that month's sales, so relatively easy to calculate (and get right). That said, we don't pay a volume or other contrived rebate which is perhaps where the fraud lies. I am aware though that some suppliers were asked for rebates now in respect of later period sales, so today's RNS does not surprise me.	puzzler2	Read Full Thread Reply
01/2/2018 14:06	"expectations for underlying profitability for the year ended 31 December 2017 remain unchanged." I'm sorry, but that is BS. Clearly it is easy for the auditors to check the 2016 debtor for supplier rebates and check against the receipts in 2017. They are probably large in value, and small in number. But the results for 2017 haven't been published yet, so making a statement that expectations for "underlying profitability" is meaningless waffle. The expectation for 2017 rebates will be based in 2016 rebates, at least in percent to sales. Having £3.7m knocked off the 2016 base will inevitably reduce expectations for 2017, it's simply common sense.	kingl	Read Full Thread Reply
01/2/2018 07:55	Lol phowdo	puzzler2	Read Full Thread Reply
01/2/2018 07:49	There seems to be a missing T on the epic for this one...	phowdo	Read Full Thread Reply
01/2/2018 07:35	OH dear - Accounting fraud yet another company where staff (for whatever reasons and the rns suggests bonus manipulation) have played fast and loose with rebates - The external accountants seem to have had the wool pulled over their eyes - but not difficult to do !! https://www.investegate.co.uk/sig-plc--shi-/rns/historical-overstatement-of-profit/201802010700085557D/	pugugly	Read Full Thread Reply
18/1/2018 08:37	Not sure Mach100 - turnover wise the business is probably performing just about OK due to the underlying strength in the economy, despite their internal structural issues. I'm still hearing that management has a stiff task ahead, motivating everyone and getting them "on message". Apparently, they had a conference this last week or so for their top 100 managers, when it was denied that they have £9M of exposure re Carillion. However, I received a fax on Friday from our credit insurers requesting a quick response to our trading history with and exposure to SIG. As is often said, there's no smoke without fire - I wouldn't be surprised if their 2017 results now have to include a large provision. Not on my buy list.	puzzler2	Read Full Thread Reply
09/1/2018 11:36	Puzzler2, is today's update the final piece in the jigsaw? I sold out myself at 160p which was too soon but would have been unhappy with today's update. I am surprised it hasn't been hammered as the market is usually unforgiving on these matters.	mach100	Read Full Thread Reply
09/1/2018 11:06	Just lost some cash down the back of the sofa I see ... lol	kingl	Read Full Thread Reply
01/11/2017 09:15	I'm hearing that all is not good with regard to the SIG management structure - everyone running around like headless chickens because of a lack of management direction - trading hasn't been great either, apparently. All hear-say, I know, but couple that with the chart appearing to roll over after a year of rises and imo it's good for a short - I've opened one today.	puzzler2	Read Full Thread Reply
08/8/2017 09:43	This company must hold some sort of record for classifying costs as "non-underlying".	kingl	Read Full Thread Reply
08/8/2017 07:31	Divi cut. Brilliant debt reduction. Hiving off non essentials and or underperforming segments. Recovery very much on track but challwnges ahead. I wonder how the market will perceive this? A small sell off as the share price has got slightly ahead of itself I fear.	mach100	Read Full Thread Reply
22/7/2017 20:49	Recovering very well even though it seems to be hitting resistance at 160p. Interims coming up in two weeks so I wonder will some of those who rode the wave up jump ship? Will watch the trading myself in the run up as I am 25% up on this share but don't want to get whammied for holding too long. I saw a flooring company issue a PF this week so maybe this will be reflected by SHI too, though it is just part of their business.	mach100	Read Full Thread Reply
22/5/2017 21:32	Must admit it looks from the outside looking in, a weak set of results - cut dividend, debt ratio not favourable, weak underlying growth, etc etc so I must be missing something when the share price is moving so quickly on the upside. The chairman's wife sold 50k recently...but the share price is accelerating. How has this company has done so badly for so long in favourable economic backdrop? Was the previous CEO so bad?	josephrobert	Read Full Thread Reply
15/3/2017 12:58	Glad I exited yesterday! I guess the rise may have been more to do with the new CEO being well received.	salpara111	Read Full Thread Reply
14/3/2017 11:03	I did the same Salpara. I got 25% gain, and decided to bank it.It will probably fly now!	ph1ts	Read Full Thread Reply
14/3/2017 08:57	Well that was pretty grim reading. Divi cut and not a great forecast. I had a small holding and have sold it this morning as I really don't understand the big rise in share price but not unhappy to get out for a 10% gain.	salpara111	Read Full Thread Reply
14/2/2017 13:09	44=I have been in and out of SHI since it came to the market and would agree that it is now significantly undervalued.I have been less than impressed with the Board in recent times however following the latest "clearout" and the announced intention not to make any further bolt on acquisitions pro temp there should be the opportunity to reduce financial gearing, inter alia.The company's markets are likely to be benign for the foreseeable future and this should help bring about a recovery over the next two years.All these factors render SHI attractive to predator interest and I have to say that I now consider the company to be as vulnerable as it has ever been from this point of view.	thorne3	Read Full Thread Reply
13/2/2017 16:38	I have held SIG shares on and off since 1998 when I bought part of a business that they were taking over so know them very well. They are essentially a well run business covering a vast range of building products apart from insulation. I invested again recently when the share price fell to 87p which was way too low. IMO even with the subsequent rise they are stiil very much undervalued. With the expected government promoted rise in house building over the next few years SIG share of the building market can only increase and with it the profit base which seems to have stabilised at least for the time being.	jimbo44	Read Full Thread Reply
10/2/2017 16:23	SHI SIG PLCAttractive yield Meanwhile, another troubled FTSE 250 company that’s seen its share price drifting lower over the last couple of years is SIG (LSE: SHI). The UK’s leading specialist distributor of insulation, dry lining and related products saw its share price surge last month. That was after a trading update for the year ended 31 December revealed that group sales had risen to £2.74bn, an 11.2% improvement on the previous year. Numerous profit warnings have resulted in the share price plummeting over the past couple of years, boosting the dividend yield as a result. The Sheffield-based firm now offers a far more attractive yield that now stands at 4.1% and is covered twice by forecast earnings. http://www.fool.co.uk/investing/2017/02/09/2-bargain-shares-for-under-2/	3rd eye	Read Full Thread Reply
16/11/2016 15:41	How many years ago did IKO first become shareholders?	sleepy	Read Full Thread Reply
16/11/2016 14:51	The 7% stake was declared in the 11.14 RNS yesterday. Have a look at IKO (it is Canadian) and the family who own them. I think it is fair to ask whether this stake building is the prelude to a bid, especially given the exchange rate and current value of SIG.	belgraviaboy	Read Full Thread Reply

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