Sig Share Discussion Threads

[elongate] 12/1/2022 09:12

The company has done well to turn around since CD and R took it on. Shi plan to grow this year. I do not refer to holders here, but on this particular main market share with private equity backing people would do better to follow directors’ ( who know what is happening ) transactions, rather than the whims of punters ( who don’t)

[blusteradjuster] 11/1/2022 08:28

So why are there supply issues? Self-fulfilling prophecy, anyone?


"As previously guided, the Group held higher than normal inventory levels at the year-end as part of the proactive strategy to optimise customer service, and especially so at a time of supply shortages."

[elongate] 11/1/2022 07:57

They are feeling robust foreseeing a tidy year as they work through orders supported by govt. tailwinds.

“notably with the increasingly robust Europe-wide commitments on energy efficiency and carbon reduction.”

“Our order books continue to be robust”

It continues to be all about the C D and R/Shi recovery plan - not COVID and the rest of it. C D and R has taken them successfully into the recovery process. With the recent refinancing done, I expect company expansion through new stores infilling gaps in coverage to commence in earnest this year as stated as part of Phase 2 - targeted and cost effective as opportunities arise.

[ayl30] 11/1/2022 07:26

Good rns , growth strategy continues to bear fruit

[skinny] 11/1/2022 07:01

.



Highlights

-- 2021 a pivotal and productive year for the Group. Strong momentum exiting the year, with Return to Growth strategy delivering results ahead of plan

-- Full year and H2 sales growth of 8% and 15% respectively against the non Covid-affected 2019 comparators. Accelerating growth trend through the year, driven most notably by UK Interiors

-- Profitability increasingly positive, with the trading performance driving several upgrades during the year

-- Refinancing completed in late 2021 - providing a long-term platform to support strategic growth ambitions.

more.....

[elongate] 09/1/2022 09:43

December is done.
More comment greater context. Order numbers through supply chain.
Duncan Brock, Group Director at the Chartered Institute of Procurement & Supply, said: “Though the overall index moved down slightly in December there was light at the end of the tunnel for builders in terms of the strongest order numbers since August, reduced pressure on business costs and some improved delivery times for essential materials.”

[zho] 09/1/2022 08:23

"Growth in the UK construction industry slowed in December ...." but ".... after severe disruption earlier this year, the number of construction firms reporting supplier delays dropped from 47% in November to 34% in December."

[elongate] 08/1/2022 21:14

Nil for Sig, who neither manufacture, plan, develop or build.
But possible benefits from any scheduled replacement of inadequate materials.

[elongate] 08/1/2022 21:12

Nil for Sig, who neither manufacture, plan, develop or build.
But possible benefits from any scheduled replacement of inadequate materials.

[jubberjim] 08/1/2022 20:16

Sorry for give read "Gove "

[jubberjim] 08/1/2022 20:14

Wonder what the "Give " effect will be
Will stay on sidelines on this and builders in general until more is known

[zho] 08/1/2022 12:50

Trading update on Tuesday. The 17/12/21 statement said that underlying operating profit would be "no less than £40m."

[km18] 23/12/2021 11:52

SIG plc is an emerging and innovative supplier of specialist building products and solutions, including ceiling tiles, grids, technical insulation, construction accessories, cladding and facade systems. Subsequently, the firm has a diversified funding structure since SIG plc is operating across 426 trading sites in the UK, which in turn enabled them to optimise operating profits. As a result, the plausible and enriching operations were effectively incorporated into the firm’s profitability, where operating profit is expected to surge from £3m to £40m in 2022. From a valuation perspective, SIG plc is trading at a P/E ratio of 23, slightly lower than its industry ‘s P/E ratio of 25, thus the security is undervalued and is expected to surge in value, as illustrated by the firm’s EPS growth of 293%.



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[elongate] 18/12/2021 10:30

Business is looking forward ( Shi non execs have ) So should you.

Firms expecting no slack in workloads next year as familiar names gather at head of top 150 list

By Dave Rogers17 December 2021

League table of biggest contractors and housebuilders returns after covid hiatus
Firms are expecting no let-up in workloads next year even though construction’s ongoing recovery from the pandemic has been clouded in recent days by escalating worries over the new Omicron variant.
As Building’s annual top 150 housebuilders and contractors table returns after a covid hiatus, the country’s biggest builders are remaining bullish despite the new variant of covid-19 forcing the prime minister to once again introduce restrictions including advice for staff to work from home where possible.
Mace chief executive Mark Reynolds said the firm’s turnover next year would be £2.2bn – £500m more than last year’s number and not too far off the record £2.35bn it recorded in 2018 – while Kier chief executive Andrew Davies said the country needed to take new covid variants in its stride.
Full Top 150 Contractors & Housebuilders coverage
* Top 150 contractors and housebuilders 2021: The league table 
* Top 150 contractors analysis: At last we have something to cheer
* Top 20 Contractors 2021: The table
* Top 150 housebuilder analysis: A tale of two reporting periods 
* Top 20 Housebuilders 2021: The table
He told Building: “There’s a general realisation that we’re going to have to live with covid-19. Now the challenge is how to manage it dynamically within constantly-changing parameters, such as the latest guidance on Plan B. We need to run at it hard, this is a new phase and businesses need momentum.”
In a note put out at the start of the month, broker Numis said order books were currently at “very high levels” in a 10-year context and added: “We expect earnings growth across the sector in the next few years from high order books and government infrastructure investment not yet in order books.”

Stratford in east London is one of construction’s hotspots with a series of schemes being built as part of the legacy of the 2012 Olympic Games
It said: “Looking forward, all indicators point to a strong demand backdrop and we therefore think that trading through 2022 will be positive. In particular, on a medium term view we remain upbeat on the housebuilding, RMI and infrastructure end markets.”
Among the growth areas this year have been fit-out with both the big two, ISG and Morgan Sindall, reporting that order books and workloads have boomed – largely down to buoyant office work.
Incoming ISG chief executive Matt Blowers, who takes up his new position at the start of next month, said businesses had proved willing this year to spend large sums of money on upgrading offices with turnover in London alone, where it won a £100m-plus deal to overhaul Barclays’ Canary Wharf HQ in September, around the £600m mark this year.
“An office is a shop window into a business’s culture,” he said. “There is a massive war on talent not just in our sector but across the piece. People are investing significant money on getting their facilities in a great place to retain talent and attract the best.”
Morgan Sindall chief executive John Morgan added: “People said the office was dead. It’s not. It’s changing and covid has accelerated the existing trends rather than changed them.”
But firms are expecting rising inflation to dog costs next year with Reynolds expecting materials prices to keep rising in the first quarter.
He said the issue had meant around £100m of revenue it had expected this year had been pushed back into next and added: “Construction inflation has affected clients pushing the button and confirming projects. If a job is above the cost plan, people have to go back and get approval.”
In its note, Numis said firms could expect to see the cost of labour increase as the year progressed. “Whether product and materials inflation turn out to be transitory remains to be seen once supply disruptions ease. Regardless, in our view, labour will increasingly become an issue through 2022 and this is a key risk for the sector, both due to emerging wage inflation as well as labour shortages.”
And Kier’s Davies confirmed: “Inflation is clearly an issue. Labour and materials go hand in hand and it will depend on where you operate and what you’re building.” Others are warning that it will squeeze cashflows, especially for those firms which have fixed prices early on in the cycle……

There is commonality in that piece, and suppliers will not have as many challenges as builders.

[eringael] 17/12/2021 18:08

Hope the 1.2million trade is the end of the weakness, saying and doing all the right things but weakness continues

[elongate] 17/12/2021 16:46

BlackRock could just be behind that price weakness today, in the face of a strong trading statement.

[gargoyle2] 17/12/2021 14:55

If you're calculating EPS by dividing the market cap by the underlying operating profit (which gets to about 13), then I'm not sure that's using the right earnings number for a PE calculation.

Still good to see the menagement turning this around nicely though. Nice director buying recently too.

[gargoyle2] 17/12/2021 14:29

Which broker is forecasting that please?

[napoleon 14th] 17/12/2021 14:10

P/E of 13 not expensive for a well managed recovery situation.

[aquaesulis01] 17/12/2021 13:10

To put a figure on the latest upgrade, the Sept profit outlook was 2 and a bit the first half profit of £13.6M (circa £28=29M), the latest profit forecast is over £40M which is significant and the current share price rise does not fully accommodate the rate of improvement made
"Revenue for the second half is likely to match the first six months and, with progress made on margins, the company expects “a full-year profit of H1 times two, plus a little bit”, Ashton said."

[the count] 17/12/2021 08:06

--->AYL30

They have been ahead of expectations for a few trading updates now, have they not?

TC!

[ayl30] 17/12/2021 07:14

Nice 'ahead of expectations' news this am

[zho] 17/12/2021 07:13

TU:

The Board is pleased to report that the Group has continued to trade well in Q4, and ahead of expectations. This has increased visibility and confidence in the full year underlying operating profit outturn, which is now expected to be ahead of prior expectations and no less than £40m.

[elongate] 16/12/2021 12:06

Shi is taking care of itself. That’s why the non execs been buying. Unless you think they’re punters.