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
  +1.70p +1.51% 114.30p 114.20p 114.30p 114.40p 112.30p 113.00p 2,551,121 16:28:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 2,878.4 -51.2 -10.1 - 675.67

SIG Share Discussion Threads

Showing 976 to 997 of 1000 messages
Chat Pages: 40  39  38  37  36  35  34  33  32  31  30  29  Older
DateSubjectAuthorDiscuss
07/8/2018
19:21
Anybody aware of any news on the accounting issues?
nickjedwards
04/7/2018
09:07
Anyone see this? Seems the market has missed this. Does not bode well. hxxps://www.frc.org.uk/news/june-2018/investigation-into-the-financial-statements-of-sig
sirgainalot
04/6/2018
17:27
Building products firm SIG was rising after being upgraded to ‘buy’ from ‘sell’ by Liberum Capital Markets, with an unchanged target price. The broker said it saw sizeable potential for SIG’s new management team to increase efficiency lift the company’s operating margin to its goal of 5%, from the current 2.9% excluding property. HTTPS://uk.webfg.com/news/risers-and-fallers/ftse-250-movers-stobart-surges-amid-boardroom-tussle-alfa-financial-sinks--3327953.html
philanderer
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
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
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
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
01/2/2018
07:55
Lol phowdo
puzzler2
01/2/2018
07:49
There seems to be a missing T on the epic for this one...
phowdo
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
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
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
09/1/2018
11:06
Just lost some cash down the back of the sofa I see ... lol
kingl
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
08/8/2017
09:43
This company must hold some sort of record for classifying costs as "non-underlying".
kingl
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
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
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
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
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
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
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
Chat Pages: 40  39  38  37  36  35  34  33  32  31  30  29  Older
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