Sig Share Discussion Threads

[elongate] 03/10/2021 17:26

Places to go, people to see. See you around. Toodle Pip for now.

[elongate] 03/10/2021 17:23

Is that really you Skinny. Oh dear.

[elongate] 03/10/2021 17:20

So what? Something wrong with that? This will struggle in the current climate. Do yourselves a favour. Sell now, come back when I tell you. You won’t regret it. And thank me later. Oo er missus.

[skinny] 03/10/2021 17:13

Registered today and only posting here!

[elongate] 03/10/2021 16:58

First thing tomorrow will be soon enough, but don’t delay. Every minute counts. Sleep easy. Count sheep. Laterooneys!

[elongate] 03/10/2021 16:52

You’ll be grateful you sold. Do it now. You can thank me later.

[elongate] 03/10/2021 16:01

Looking bad.
hxxps://www.pbctoday.co.uk/news/planning-construction-news/construction-companies-august/98763/

[elongate] 03/10/2021 15:45

Why throw your money away on this pos. Plenty of other shares out there.

[elongate] 03/10/2021 15:20

Not looking good. Strong sell.
Sell Sell Sell

[elongate] 03/10/2021 14:26

If it doesn’t go bust first.

[elongate] 03/10/2021 13:54

‘Far too cheap’.
Hang about and you’ll pick them up for less than Wickes washers. Wait for the bottom.

[moses22] 21/9/2021 23:52

Obsession with dividends in a recovery stock is misplaced? Recovery in progress, not yet time to sell. IMHO

[neal canada] 21/9/2021 17:55

"Anticipated to be ahead" is not the same at "expected to be materially ahead"The latter was hoped for. The story is still good though and I will be back.D.

[peteret] 21/9/2021 17:06

Yeah I agree a ridiculous reaction to a good update.I suppose the nail in the coffin was no dividend. Just have to hold longer and possibly buy some more tomorrow if it goes lower.Good luck all.

[the count] 21/9/2021 12:22

--->All

Wow, I just popped out for an hour and came back to this collapse in the share price I am staggered.

With many smaller stocks now, it seems that buy and hold is dead and buried. Everyone is after instant gratification.

Ridiculous reaction to the RNS today. Just stunned by it all.

Regards,

THE COUNT!

[the juggler] 21/9/2021 12:09

The markets are perverse, good news and the share price drops, bad news and the share price rises. I’m not losing any sleep as I see a good future here.

[eringael] 21/9/2021 10:15

Not sure what the market and peeps want, better shape now than when we raced to 65

[the count] 21/9/2021 08:13

--->ZHO

Looks a bit more than decent 1st half to me, and expected to exceed expectations. Let's hope the market reacts positively now.

It took me by surprise though.... I didn't realise results were due today. Thankfully all good.

Regards,

THE COUNT!

[zho] 21/9/2021 07:28

It looks like a decent first half:

PBT £3 million (2020 - £54 million loss)

July and August trading solid

"Continued profit improvement expected in H2 2021 and full year underlying operating profit anticipated to be ahead of prior expectations"

[napoleon 14th] 10/9/2021 11:34

SHI: Liberum on Friday tipped SIG to achieve a 65p share price, should management deliver on its growth strategy. Liberum explained the insulation, roofing and commercial interiors products provider also has the helpful foundation of Clayton, Dubilier & Rice as a strategic partner. The broker raised SIG to Buy from Hold and lifted its price target to 65.0 pence from 54.0p. Shares in SIG were up 4.1% at 51.55p in London early Friday. "The share price could double if the new management team delivers on its growth strategy," Liberum said. "There is material margin upside to be delivered if sales momentum continues. Our analysis of the sector shows management's targets are achievable." SIG laid a return to growth strategy in May last year, targeting an operating margin trending towards roughly 5% in the long-term. It also eyed "revitalising" its German arm, growing other European units and clawing back market share in the UK. The strategy bore early fruits. In the six months to June 30, it said like-for-like sales growth was 33%, including 56% from the UK alone and 22% in the EU. "SIG is well placed for its new growth strategy. It has a new management team, has restructured and invested in its UK sales force, is well capitalised and has an incentivised strategic partner," Liberum added. In addition to the new strategy, SIG last year said private equity firm CD&R snapped up a stake in the company. Liberum added: "Clayton, Dubilier & Rice has a 29% stake in SIG following the equity raise in 2020 and has two board seats. We believe this adds to the expertise of the board and increases our degree of confidence in the turnaround potential. CD&R has made a material investment in SIG, which has supported the refinancing, it is incentivised to help deliver the turnaround and adds expertise." CD&R owns building materials firm Wolseley UK, once part of Ferguson. Liberum summarised: "The strategy changes and self-help by the new management team are beginning to benefit performance. If this continues, it may recover its profitability towards a 5% margin."

[napoleon 14th] 10/9/2021 08:22

snap!

Would make it a clear bagger for me.

[zho] 10/9/2021 08:07

Liberum providing a welcome boost this morning:

SIG PLC RAISED TO BUY VS HOLD AT LIBERUM, PT 65P

[bigbigdave] 10/9/2021 07:53

SIG PLC RAISED TO BUY VS HOLD AT LIBERUM, PT 65P

[napoleon 14th] 09/9/2021 11:40

IMO logistics and distribution problems are the main worry.

So what if you put up prices to a much higher mark-up?
If you can't deliver the product, you sell nothing.
Any notion of a higher mark-up is then wishful thinking, pie in the sky.
To maintain level rates of return, the higher prices would help to stay level.
Lower turnover due to supply problems will put a cap on profits.
Producers could be raising their prices too, reducing distributor profits.

That is only valid as long as consumers are prepared to pay the higher prices,
which might no longer be affordable and, long term, is not a "given".

I've kept all my SHI so far because the new team are making the right moves.
The turnaround story is not busted.
That doesn't mean they can stop the rising tide of the logistics problem.
Re.: King Canute!

P.S. I'm certainly NOT topping up...

[zho] 09/9/2021 09:20

The biggest share price fallers yesterday were all in the building sector, reflecting worries that the increase in NI payments would lead to a slowing of economic recovery.

That's what appears to have caused the pullback in SHI over the past couple of days.