Sig Share Discussion Threads

[thomasearnshaw] 25/9/2020 11:22

16p 16p 16p

thrice i says 16p

[thomasearnshaw] 25/9/2020 10:40

16p before
Long

[lauders] 25/9/2020 09:10

I have a small starter position here and agree with smithless. As a long term recovery play they look like one for the patient. The two posters above you smithless have been on my filter list for years. They turn up in many places and talk doom and gloom. Thanks for the link zho! Have to watch it in full later. Only seen part of it so far.

[smithless] 25/9/2020 08:44

Wow, some negative doomsters here. This is a company undergoing a massive restructuring. I'm happy to buy at these levels, below what Clayton, Dubilier & Rice LLD got in at (£83m at 25p). It was well known these results would be bad, but it has plenty of headroom in its banking facilities. It is fair to say if SIG is suffering, so are its competitors, many of which are in extreme financial straights and won't see the year out.

[thomasearnshaw] 25/9/2020 08:43

Maybe you guys might want to sell and redecorate your living room with the consideration

[thomasearnshaw] 25/9/2020 07:34

Each week more £millions float out of the SIG the bank account

may as well sell SHI and buy that hot issue VARE today, you have more chance of a profit there :)

[onjohn] 24/9/2020 16:19

Another placing coming at 15i think

Losing market share

In every market

Looks fuct

[onjohn] 24/9/2020 14:25

He has to buy them as part of his service contract

[bigbigdave] 24/9/2020 14:01

CEO buying 208k shs

[the count] 24/9/2020 11:59

--->ALL

These results look fairly neutral at first glance and the broker Jeffries also further confirms this with a HOLD rating and a reduction in its price target to 28.6p from a previous target of 35p.

All in whether they can turn it around from here on. Clearly much negative sentiment was generated historically from the comments I read above, disregarding comments from the 2 prize idiots.

The new man is slowly putting in place a plan for recovery. H2 progress will be key to see how the changes are bedding in and results start to show. They haven't given us much to go on, but an upgrade in the expectations for the year is at least a small positive.

Regards,

THE COUNT!

[thomasearnshaw] 24/9/2020 11:27

Hold tight
Endure pain
Endure more losses
for years to come
but next year
get
a red hot poker
in
ur
ass
when they do a
placing
at 10p.
Oh my cow.
Cut
move on.
Better prospects
instead
of this trash
its a lobster pot
you can climb in
u aint coming out alive

[zho] 24/9/2020 11:16

Puzzler2,

That's a fair comment. SHI has been poorly managed for 10 years or more, and the share price graph reflects that.

The hope/belief of those who hold the shares is that Steve Francis can turn things round. He has an excellent record but he was only appointed on a permanent basis 5 months ago, and it may take another 6 months or more before we see tangible signs of recovery, CV-19 permitting.

[onjohn] 24/9/2020 08:57

yeah the other problem is that sales are expected to be £500m lower this year and it will need another rescue placing

[puzzler2] 24/9/2020 08:53

The problem with SHI is their repetitive reporting of "underlying profitability" whilst dumping all their reorganisation costs and other P&L hits in exceptionals. This has happened for so many years now, that one should really regard everything as part of their normal trading P&L. However you look at their results today, the news is bad and their immediate term prospects questionable. The chart over the last year confirms this.

[onjohn] 24/9/2020 08:51

and this has lost 40pc sin a week
Oh not cash losses until you take it lol

[the count] 24/9/2020 08:47

--->ONJOHN

I presume by losing £100m this year you think that is all cash losses?

You really have no idea.

[onjohn] 24/9/2020 08:37

Jeffies

After a wave of major announcements in recent months (new management, equity raise, large new shareholder), SIG's 1H20 results are mundane. .....with the deadline for mid-term targets still far away, investors may require greater proof that the new strategy is working before giving credit to yet another "turnaround" management team.

hear here

Forecast LOSS for the year -£99,000,000

NINETY NINE MILLION POUND LOSS


THANS WORSENED BY £9m

Thats after all the government help too

[onjohn] 24/9/2020 08:31

Nappy
You lost on EVE and now on SHI ffs
where u gettin these loss making duffers from
both in deep green merde pardonnais mon francais

[swinsco] 24/9/2020 08:29

Not sure what the laughing is about john. Real people, real money. Think about it.

[onjohn] 24/9/2020 08:26

anticipate 2020 sales to be "moderately higher than guided in May" (i.e. c.£500m lower YoY, or c.-25%)


Hahahaha

[swinsco] 24/9/2020 08:17

As expected and the market punishing the share price Covid uncertainty going forward is the major concern. Neutral feel for me.

[napoleon 14th] 24/9/2020 08:13

ONJohn - illiterate one-liner troll - filtered.

Take no notice.

[onjohn] 24/9/2020 08:10

Losing 100m This year