Sig Share Discussion Threads

[ayl30] 20/8/2021 16:20

Hopefully already started

[sooty snipes] 20/8/2021 16:03

This looks primed and ready for the next leg up

[zho] 20/8/2021 15:19

SIG Awarded Green Economy Mark by the London Stock Exchange

[bigbigdave] 20/8/2021 15:01

Bugle4..............agree with your bowl assesment :o)

[zho] 20/8/2021 07:47

Kingspan (KGP) have reported a strong first half with revenues up 41% and eps up 66%, albeit against a weak 2020 H1 when revenues dropped 8% from H1 2019.

They warn of "unprecedented and ongoing raw material inflation" but so far have been able to pass on price increases to customers:

"Growth in the first half of the year has been remarkably strong with revenue and trading profit at record levels driven by high levels of demand and a global recovery in the construction sector. Despite inflation in our input costs, effective price management has helped increase trading margins, with a stand out performance in our largest division - insulated panels."

[bigbigdave] 20/8/2021 07:18

Decent results from KGP today despite inflation worries.

[bugle4] 18/8/2021 18:46

The chart is seriously looking like the first half of a bowl at the moment.

BWTFDIK

NAI
DYOR

[diku] 18/8/2021 09:07

Yes basic materials supply sand and cement is an issue but has been going on now for few weeks...maybe the suppliers are deliberately slowing down supply to push prices up...what happened to lumber (wood) in the USA...last few weeks big bottled water is an issue to supermarkets...

[nobilis] 18/8/2021 09:01

Generally suppliers have no goods to sell. builder told me is allowed to buy 5 bags of cement a day lol

[zho] 18/8/2021 08:58

Sunak urged to offer ‘cash injection’ as study reveals four million homes in the North need upgrades

[queenbreguet] 11/8/2021 00:17

I think you may well be right Bugle4

[bugle4] 10/8/2021 17:34

Could that be a bowl forming on the daily chart?

[zho] 05/8/2021 15:01

BRCK (Brickability) reported FY results to 3/21 today. The outlook statement is upbeat, including:

"The outlook for construction including house building is very positive. Construction output is forecast to rise 14.0% in 2021 and 4.9% in 2022, while the RIBA Future Trends workload index for May put confidence at the highest level since 2009.

"The fundamentals for house building remain strong in both the private and public arenas with both benefitting from government support."

[sig1978] 04/8/2021 10:24

This is looking good. Ive bought a load this morning.

[oapknob1] 19/7/2021 08:04

When will Ennismore Fund Management Limited start closing their short position ?

[bertiebingo] 18/7/2021 10:40

"audit is still ongoing mainly in respect of concluding the determination of contract costs to complete and recognition of recoveries." .... Classic problem for construction companies which is why I always avoid them and any with similar construction accounting where profit is recognised at the end of a contract therefore subject to cost overruns and execution issues. At least building materials and distributors do more hand to mouth.

[bigbigdave] 17/7/2021 16:27

Think this has been tipped in today's Momentum Investor, as a non subscriber can only access the 'free' bit.........

SIG - Insulation and roofing materials firm making strong recovery

Over the month I met with the management of SIG, a leading supplier of insulation and roofing products. Once a stockmarket darling, it attracted a large investor following during a tremendous share price run from less than £2 to almost £15 between 2000-2007. Although the company has ...

[cerrito] 14/7/2021 17:23

Agree that so reaction disappointing.
That said H1 21 compared to H1 19 was disappointing compared to Howden as per 3405 but also Grafton with their 18pc increase from H1 19 to H1 21.

[eringael] 14/7/2021 13:08

Indeed seems someone is trying to keep us down

[neal canada] 14/7/2021 13:03

Not one to watch daily, or even weekly/monthly. I've invested on SIG so not in my trading portfolio. Tuck away and look again next year.D.

[the count] 14/7/2021 10:38

--->ALL

Such a muted share price response.

Don't know if we have had a big seller in recent weeks.

Also not helped by the broker Jefferies today raising their target price from 48.8p to 49.5p (was it worth the effort?), and giving the stock a 'hold' rating.

Absolutely useless.... wonder if their clients appreciated missing out on the recent rise to well over 60p.

Regards,

THE COUNT!

[eringael] 14/7/2021 07:27

Great update, stay invested in a good turnaround play

[bobbybullet] 14/7/2021 07:23

Excellent results. Profit upgrade, U.K. profitable. I'm confident of a good positive reaction in the share price.

[ayl30] 14/7/2021 07:11

God results pedalling faster now COVID is behind themGood they are managing shortages and cost pressures

[bigbigdave] 14/7/2021 07:06

RNS Number : 1410F

SIG PLC

14 July 2021

14 July 2021

SIG plc: Continued Strong Trading Momentum and Return to Profitability

SIG plc ("SIG" or "the Group") today issues a trading update for the six months to 30 June 2021 ("H1" or "the period"), in advance of the release of its H1 results on 21 September 2021.

Highlights

-- Strong revenue growth, and an underlying(1) operating profit of cGBP13.5m, better than previous expectations.

-- Strategy of re-connecting with Customers, Suppliers and Employees is positioning the Group well, enabling it to take advantage of both strong near-term demand and healthy long-term fundamentals.

-- Full year profit outlook raised.
Overview

Revenues in H1 were strong, with like-for-like ("LFL")(2) growth of 33% compared to the Covid-affected prior year and up 1% against 2019, a more meaningful comparator. This reflects the ongoing positive impact of the Group's Return to Growth strategy, which is delivering improved organic sales performance, and has been supported by continuing robust demand in the repair, maintenance and improvement ("RMI") segments in most markets. Profitability improved throughout the period, a result of the normal seasonality in the business and the improving trading across the Group.

As a result, the Board expects to report H1 revenues from underlying operations(3) of cGBP1.11bn, and an underlying operating profit of cGBP13.5m. Both include good progress in the UK, and we expect the UK business as a whole to be just over break-even at the underlying operating profit level for H1, ahead of plan.

The Group finished the period with net debt of GBP58m, on a pre IFRS 16 basis, and with gross cash balances of GBP174m. Reported net debt on an IFRS 16 basis is expected to be GBP284m. The cash outflow in H1 is largely as expected, driven by the seasonal increase in working capital, which was more pronounced than usual due to the strong trading. In addition, where possible and appropriate, we have built up modest increases in our inventory holding levels in light of likely supply challenges in the coming months.

Trading performance

The Group has remained able to trade safely throughout the period, working closely and flexibly with employees, customers and suppliers under the now well established Covid-19 norms.

Prior year comparative growth rates from late March are distorted by the impact of Covid-19, notably in the UK, Ireland and France, and hence the table below includes comparisons with both 2020 and 2019.