Sig Share Discussion Threads

[elongate] 24/11/2021 12:32

Liberum reiterate Buy 65p. May help, but consolidating now and nothing scheduled to drive this for a while.

[the count] 24/11/2021 08:59

--->ALL

Breedon reported a trading update ahead of expectations, as they have done in the one prior to today's, and the one prior to that as well.

Should/could bode well for us too.

This has been a strong sector for a while yet the interest in these stocks is currently very muted.

TC!

[elongate] 15/11/2021 08:39

Did it himself so people like you can comment. Sad attention seeker.

[magpiecrow] 15/11/2021 07:45

Funny blondeamon has left the room (collar felt by regulators and UB) and deleted all posts

is he sacked yet - hes deleted himself on twitter also



mate says he still posts in cr and is not well liked,

ill let UB know anyway.

[zho] 10/11/2021 08:20

Construction “powers ahead” as supply shortages ease

[zho] 08/11/2021 07:17

Encouraging Q3 TU from Kingspan (KGP):

"Sales in the nine month period to 30 September were €4.72bn, up 44% on the same period in the prior year, with sales growth of 50% in the third quarter. Underlying sales (pre currency and acquisitions) were up 34% in the year to date and by 33% in the third quarter."

[elongate] 05/11/2021 22:25

This is my last over there. What’s wrong with it? And Zho’s here of 3rd. is a crib ( nothing wrong with that ) from mine over there. If you have something useful, post it like me. I look forward to your input. And please save a little pity for yourself.

Some detail on what has happened. All squared up for the future. Locked in a favourable interest rate. Cash on balance sheet (aiming at £100 mil )It will also have reset other matters, including company leverage restraints imposed by lenders on dividend payment. More on that from them later, possibly not before EOY.

Immediate benefit is cost reduction, stability and thus institutional investability.

‘The success of this transaction enables us to refinance our existing facilities well ahead of their maturity dates and on more attractive terms. Together with our New Revolving Credit Facility, the Notes further improve the Group's financial flexibility by extending the maturity profile of the Group's borrowings and increasing its available liquidity’

A €300 million five-year (non-call two-year) secured bond issue, tradeable in the market, to reset capital structure.

Proceeds from the bond deal will be used to refinance £131 million in private placement notes and £70 million in term loans, as well as provide £31 million cash on balance sheet. Plus a new £50 million 4.5-year super senior revolving credit facility.
Banks are guiding investors to expect ratings of B+/B1.( highest quality speculative )
The company generated last-12-months to June 2021 revenue and EBITDA of £2.14 bil. and £74 mil. respectively.
Pro forma the transaction, total leverage stands at 3.1x based on annualized EBITDA of £98 mil.

[napoleon 14th] 05/11/2021 21:55

Migrated here as the other thread is pages of filtered Elon Gate's drivel.
Some peeps have nowt better to do. Need/deserve pity....

[elongate] 05/11/2021 21:31

Something really griping you Mr Small Mind. Watching like a hawk just to mark me down.
I don’t care, but you should.

[elongate] 05/11/2021 20:59

Good evening friends.

Some detail on what has happened. All squared up for the future. Locked in a favourable interest rate. Cash on balance sheet (aiming at £100mil ) It will also have reset other matters, including company leverage restraints imposed by lenders on dividend payment. More on that from them later, possibly not before EOY.

Immediate benefit is cost reduction, stability and thus institutional investability.

‘The success of this transaction enables us to refinance our existing facilities well ahead of their maturity dates and on more attractive terms. Together with our New Revolving Credit Facility, the Notes further improve the Group's financial flexibility by extending the maturity profile of the Group's borrowings and increasing its available liquidity’

A €300 million five-year (non-call two-year) secured bond issue, tradeable in the market, to reset capital structure.

Proceeds from the bond deal will be used to refinance £131 million in private placement notes and £70 million in term loans, as well as provide £31 million cash on balance sheet. Plus a new £50 million 4.5-year super senior revolving credit facility.
Banks are guiding investors to expect ratings of B+/B1.( highest quality speculative )
The company generated last-12-months to June 2021 revenue and EBITDA of £2.14 bil. and £74 mil. respectively.
Pro forma the transaction, total leverage stands at 3.1x based on annualized EBITDA of £98 mil.

[elongate] 05/11/2021 08:35

You’ll be queuing up to thank me this time next year. Metaphorically of course.

[elongate] 05/11/2021 08:22

This will provide a strong base from which to drive forward our "Return to Growth" strategy, which has delivered notable improvements in growth and profitability to date, and which we are increasingly confident will continue to deliver value for all stakeholders in the near and longer term.

That’s the nub of it. New phase starting.

[elongate] 05/11/2021 07:57

Obvious wasn’t it. Ahead of the game.

[elongate] 03/11/2021 15:37

You disagree with that, Mr.Small Mind? If so, have your name say why on here.

[elongate] 03/11/2021 15:19

Good move by the company, they’ve worked it out, being read by idiots as bad.

Sig is not in distress, read the relevant RNS, and seeks to be in a position to better and more consistently in the future manage and leverage debt for the purpose of growth.

Lest people get the wrong idea, what is happening is this - Investopedia, but sufficient for the purpose.

“Corporate refinancing is the process through which a company reorganizes its financial obligations by replacing or restructuring existing debts. Corporate refinancing is often done to improve a company's financial position. Through refinancing, a company can receive more favorable interest rates, improve their credit quality, and secure more favorable financing options. It can also be done while a company is in distress with the help of debt restructuring.”;

[elongate] 03/11/2021 08:14

In the year to 31st October 2020 Penlaw made a pre-tax profit of £1.6m (2019: £1.7m) on turnover of £33.9m (2019: £40.6m).

[elongate] 02/11/2021 21:23

ElonGate is deeply distressed by the thumb down mafia. I cannot console him.

[skinny] 02/11/2021 19:21

I wouldn't take it personally - some threads are plagued by the dreaded "down marker" - a sad indictment of the world in which we live.

[peteret] 02/11/2021 19:07

Good post thanks

[elongate] 02/11/2021 17:06

Just trying to help. Marking me down. Horrid person.

[elongate] 02/11/2021 16:42

Penlaw. It’s a fact.
hxxps://www.buildersmerchantsjournal.net/sig-buys-penlaw-company/

[zho] 02/11/2021 13:46

New Company Presentation at

[hamhamham1] 02/11/2021 07:44

I have a 3 yr target here of 150p. Happy holder.