Sig Share Discussion Threads

[the count] 25/2/2021 10:15

--->ZHO

Most building materials companies have been reporting good profitability for months now, so hopefully SIG can start to follow suit and get their recovery under way. If so, we have a long way to go yet.

Regards,

THE COUNT!

[zho] 25/2/2021 10:05

Cheers TC,

SHI remains a bet on Steve Francis being able to turn things round and restore net margins of 5% on something like £2 billion of turnover. I think SF is extremely competent, and at the moment scuttlebutt from the building industry is positive.

[the count] 25/2/2021 09:41

--->ZHO

Some great research as always ZHO.

Where would we be without you? Please keep up the good work, despite the postings of the grade A++++ idiot in the background.

Thanks for all the informative posts.

Regards,

THE COUNT!

[zho] 21/2/2021 17:56

Kingspan reported FY 2020 figures on Friday. Revenues were down 2%, trading profits were up 2%, but:

"The company said it has seen a strong start to 2021, helped by strong backlogs from the tail-end of 2020 and more trading days in the first six weeks of the year compared to 12 months ago.

"... group sales were up 20%, year-on-year, in the first six weeks of this year."

[heatseek77] 18/2/2021 06:25

Cesspit good word to describe you Thomas well done

[heatseek77] 18/2/2021 06:24

Ah Thomas see you've alledgely sold now !?! Back to that earnshaw alias dissing the Sig...

[heatseek77] 18/2/2021 06:23

Cash balance 233 Mln and increasing

[heatseek77] 18/2/2021 06:21

SIG PLC (LON:SHI) said it made a smaller loss than expected in 2020, as profitability continued to improve throughout the second half of the year.

The underlying operating loss is expected to be £57mln-£61mln, the building and roofing supplier said, after making a loss of £43mln in the first half.

The company expects £1.87bn of revenues from ongoing operations for the calendar year, subject to audit, including its Building Solutions arm that previously was excluded as non-core but is now being retained.

Like-for-like (LFL) revenues for the fourth quarter were up 4% versus the prior year, after a 24% decline in the first half of the year and an 8% fall in the third quarter.

Exteriors continued to perform strongest in the final quarter, in the UK and France, while the Building Solutions arm also returned to LFL growth.

Net debt was £5mln at the year-end on a pre-IFRS 16 basis, or £240mln in full, with gross cash balances of £233mln

[thomasearnshaw] 15/2/2021 20:54

Lost £20m in H2

Sales down 25% in the Uk

Now has net debt of £5m despite government help from CBILS and VAT delays and that massive fund raise

No mention of margins.....haha wonder why cos they are sub 1pc and under pressure

No profits until 2024




Anyway, it's nice to see some civilised discussion on this board as so many of the ADVFN stock boards are cesspits full of idiots.

[zho] 15/2/2021 14:27

SIG strengthens Technical Insulation team with new appointments

[heatseek77] 15/2/2021 11:16

Funny though as you sold your £2 worth allegedly as long it pops up lol
How many alias r u using at the moment TE ....

[heatseek77] 15/2/2021 11:14

ThomasEarnshaw - I'm short I'm long only thing you are is full of CAC

[thomasearnshaw] 15/2/2021 09:58

Did go long on this and made a small turn, just traded the dcb

This is gonna tank lads

[ayl30] 11/2/2021 07:49

Think your spelling needs some improvement

[trinid2] 10/2/2021 13:59

lets hope SIG have apart to play in replacing it with their new insulation system,

hxxps://www.udl.co.uk/case-studies/safer-more-efficient-external-cladding-sig-plc

Link is from LSE.

[zho] 10/2/2021 13:53

An extra £3.5bn has been promised by ministers to remove unsafe cladding from high-rise buildings over 18m high in England "at no cost to residents".



+++++++++++++++++

Bridgend-based construction materials distributor Brickability is on course for an EBITDA profit of about £16m in its full-year results as its "strong recovery" from the impact of Covid-19 continues.

In a trading update, the listed company said its strong recovery had continued in the second half of its financial year and there had been " little material effect on trading" from the lockdown measures introduced since November 2020.

[ayl30] 09/2/2021 12:40

Two big buys just gone through, 660,000 wonder who bought that many

[thomasearnshaw] 08/2/2021 16:32

Nice 👍

[gary38] 05/2/2021 18:49

Nice profit in only 2 days ,Thanks SHI

[magpiecrow] 04/2/2021 22:39

come out demi

[gary38] 02/2/2021 23:44

Racing to 33 target

[thomasearnshaw] 01/2/2021 22:32

Wont shock if it has another warning and tanks


😢