Sig Share Discussion Threads

[trinid2] 11/8/2020 10:05

So Glad i took my own advice :) Staying put!

[daburd] 11/8/2020 09:59

Nice to see ONJOhn up to his old tricks. A famous deramper who clearly failed to get in at below 25. Ignore

[tricky red] 11/8/2020 09:31

Flying today

[onjohn] 10/8/2020 09:30

Mks

0 0
Chart breaking up beauty. Bowl on chart to 190p

20 days to Ocado launch

Time to grab market share. All those oldies in lockdown love MKS. So do I.


Bring it on!!!

[zho] 09/8/2020 18:47

>>Super glass went bust and people don’t remember>>

Superglass was a manufacturer.

Sheffield Insulation is a retailer/distributor, not a manufacturer.

The name is potentially misleading because they stock a wide range of building materials.

[trinid2] 07/8/2020 15:24

Well based on all the doom and gloom posted above i better take the advice and get the hell out of SHI !! tell me who you are not shorting and I will get in there LOL LOL

Think I will stay PUT :)

[smithless] 07/8/2020 10:58

onjohn - superglass was a sub-scale manufacture of glass spun insulation board and wool. It could never compete with the larger manufacturers. What relevance it has to SIG I don't know! SIG got into a mess because its over bloated size couldn't compete with nibble independent suppliers, many of whom, due to Covid have gone out of business or are about to. The weakness is all about Covid here and in Europe. When this is over, SIG will be in better shape and its competitor out of biz or under capitalised. Why do you think Clayton, Dudilier & Rice go involved. Patience.

[swinsco] 07/8/2020 10:45

Well said John.

[onjohn] 07/8/2020 10:41

Conviction on stock selection and the humility and discipline to learn from poor investment decisions is essential for long term returns.


500m miss on sales lol
90m ebitda loss

😂 looks nasty 🤢 🤢 so don’t bleed out 🩸

[swinsco] 07/8/2020 10:38

If you say so.

[onjohn] 07/8/2020 10:36

Need a profit warning to wash it

[swinsco] 07/8/2020 10:36

Need the doom and gloom posts as a sign of a share price change coming. Couple of months to clear overhang first.

[onjohn] 07/8/2020 10:34

The outlook comments understandably pointed to a top-down guidance of continuing sales expected to be c.£500m lower in 2020 than 2019 and management is targeting a return to around 2019 levels of Group revenue in 2022. The loss of revenue in 2020 is expected to impact profitability, cash generation and debt levels. We assume that revenue falls by around 24% in 2020 with a significant hit to profits and an EBIT loss of c.£90m in 2020.


500m miss on sales lol
90m ebitda loss

😂 looks nasty 🤢 🤢

[swinsco] 07/8/2020 10:32

If you say so.

[swinsco] 07/8/2020 09:48

Have to agree, the outlook comments are grim. Hoping the market has priced this in and a couple of months consolidation around at this price will suffice.

[onjohn] 07/8/2020 09:00

Super glass went bust and people don’t remember

Output was 12 pc in some months recently which is grim


This chuffer is going to warn again and have another placing


The outlook comments understandably pointed to a top-down guidance of continuing sales expected to be c.£500m lower in 2020 than 2019 and management is targeting a return to around 2019 levels of Group revenue in 2022. The loss of revenue in 2020 is expected to impact profitability, cash generation and debt levels. We assume that revenue falls by around 24% in 2020 with a significant hit to profits and an EBIT loss of c.£90m in 2020.

[onjohn] 07/8/2020 08:30

Another nail in the coffin

hxxps://www.constructionenquirer.com/2020/08/06/redrow-pulls-out-of-1100-home-wandsworth-estate-scheme/

[onjohn] 07/8/2020 08:27

Losing market share

Gross margins tanking

This looks dire and will warn again

[bigbigdave] 06/8/2020 10:20

6 August 2020

SIG plc

(Incorporated in England and Wales)

Company Number: 00998314

LSE Share Code: SHI

ISIN: GB0008025412

LEI: 213800VDC1BKJEZ8PV53

SIG plc: Notice of Interim 2020 Results

SIG plc ( the "Group"), a leading supplier of specialist building materials to trade customers across the UK, Ireland and Mainland Europe, will announce its results for the period ended 30 June 2020 at 7.00am on Thursday 24 September 2020.

Investor and Analyst presentation (9 am)

A webcast of the Group's briefing for analysts and investors will take place on 24 September at 9am. Details of how to access the webcast will be provided on the investor page of the company's website, www.sigplc.com