Sig Share Discussion Threads

[cerrito] 02/3/2023 08:59

I hope in the invedtors' presentation on the 8th someone will ask what if any will be the impact of the forecast reduction by big housebuilders of new homes this year.

[elongate] 21/2/2023 14:55

hxxps://rcimag.co.uk/articles/new-leadership-embraces-new-opportunities-for-sig-division

New leadership embraces new opportunities for SIG division
21 February 2023


Taking up the managing director role for SIG UK Exteriors, Chris Lodge outlines to RCI his commitment to the role, the business and ultimately, its customers.

Despite all the gloom about the economy, since taking on the role of managing director of SIG UK Exteriors this year, I’m increasingly excited about potential opportunities that exist in the roofing sector.

The growth plan we’ve put in place has seen SIG decentralise the management of its roofing branches by empowering local branch managers. It’s an approach that will enable them to fully focus on their customers through enhancements to their product ranges, enabling them to provide tailored solutions and services that best reflect the needs of individual customers, whatever their size.

More branches

What’s more, this year will see SIG invest in branches with upgrades and enhancements to the merchandising range to enable contractors to pick up more products in-branch.

At the same time, to enhance SIG’s customer focused strategy we are planning to open new SIG Roofing branches. More branches mean more face-to-face contact with our contractor customers, which is important if we are to provide targeted product advice and customer support while pipelines for work currently remain positive in the near term.

Challenges ahead

This upbeat message is reflected in latest State of the Roofing Industry survey from the National Federation of Roofing Contractors (NFRC) and Glenigan [Nov 2022], which reported positivity about the roofing market.

The survey’s dominant narrative, however, is that obtaining suitably skilled labour is becoming harder for contractors, making it a challenge for them to take on more business.

Our response is to tackle the skills shortage by supporting industry initiatives aimed at making the sector more attractive. One aspect of this support is the contribution of product to the NFRC for use in the annual SkillBuild contest, otherwise known as the ‘skills Olympics’.

Training the next generation

Delivered by the CITB to support training in the sector, this initiative is the UK’s largest multi-trade construction skills competition for trainees and apprentices. The benefit to SIG in helping tackle the skills shortage in the roofing sector, albeit in a modest way, is that it helps increase the focus on training while giving trainees the opportunity to familiarise themselves with the numerous quality roofing products available from SIG Roofing merchants.

SIG is also trying to encourage success in new, start-up roofing business by giving them credit facilities, albeit at the discretion of individual branch managers. This is one of the many values we bring to the industry to support new talent entering the sector. What we hope for in return is that we’ll be able to build a relationship with these businesses based on mutual trust and loyalty.

In the long run, the skills shortage will only be resolved through people, products and providers working together. So, alongside contributing products to the NFRC, SIG is also working with our suppliers to be able to offer roofing contractors training and technical support in renewables. We see this as a potentially huge opportunity for our contractor customers and are keen to support their ability to capitalise on it.

Sustainability goals

The soaring cost of energy and the growing need to help reduce carbon emissions is increasing interest in the installation of photovoltaic panels (PVs) on the roofs of homes and offices.

A PV system capable of generating a useful amount of electricity will comprise several panels, and may cover a significant proportion of the roof surface. We want to be a sustainable enabler by helping to give contractors the skills to install both the roof covering and the PV array attached to the roof. As such, we’re proactively working with our suppliers to be able to offer training in PV selection and installation to contractors interested in getting a toe-hold in this relatively new space.

SIG is also working on enhancing its sustainable product offering. In the future, we hope to be able to offer an ‘energy envelope’ based on our core products. This will feature solar PV, insulation, fenestration and potentially other cladding and waterproofing elements to enable contractors to provide solutions that deliver an enhanced sustainable solution.

Ultimately, SIG UK Exteriors is about helping roofing contractors develop their business for the future through both training and technical support. After all, roofing is a great industry to be in whether that’s as a contractor or as a merchant supplying that contractor.

www.sigroofing.co.uk

[jonnywalker77] 12/2/2023 09:58

Looking good for FTSE250 inclusion at this level - could provide some near term upside

[queenbreguet] 10/2/2023 16:15

Another 1MM buy just gone through. Long may the blue run continue.

[peteret] 10/2/2023 11:20

Enissmore better close their short.Maybe it's them buying them all back

[queenbreguet] 10/2/2023 09:03

2MM buy just went through. Sig seems to be gaining some momentum.
Its been a long wait!!

[elongate] 08/2/2023 16:34

Numis set a target price of 40 GBX for the company, which when compared to the SIG plc share price of 38 GBX at opening today (08/02/2023) indicates a potential upside of 5.1%. Trading has ranged between 27 (52 week low) and 45 (52 week high) with an average of 993,898 shares exchanging hands daily. The market capitalisation at the time of writing is £446,628,158.

[sooty snipes] 07/2/2023 09:38

Three year chart shows a clear gap up to 60p but hey, what do I know

[gargoyle2] 07/2/2023 09:23

Wouldn't describe it as a 'gap' myself, but would hope that level is achievable this year.

[sooty snipes] 03/2/2023 19:09

Gap to 50/60p looks an easy fill.

[ricky002] 03/2/2023 11:00

Think this needs to break and close and then open up above 38p, then dwell in the 40s for a while...

[peteret] 01/2/2023 14:08

Whohoo at last some movement.It been a long wait.

[sooty snipes] 01/2/2023 13:38

Breaking out. Next stop 40p?

[elongate] 10/1/2023 10:19

“the Board expects to report FY22 revenues of c£2,743m, together with a substantial improvement in underlying operating profit to c£80m, up from the £41.4m reported in 2021.”

That may be the line that matters, as they follow the recovery strategy. Pity about Avonside. I imagine some can be offset against tax.

[elongate] 10/1/2023 09:02

Building products firm SIG said profit almost doubled last year, as it prepares for life under a new chief executive. SIG said like-for-like sales rose 17% annually in 2022. Revenue amounted to GBP2.74 billion, up from GBP2.29 billion in 2021. SIG said underlying operating profit jumped to GBP80 million from GBP41 million. "Group revenue growth rates across most geographies moderated in H2 compared to H1 primarily due to the impact of lower rates of input cost inflation, following the annualisation of significant rises in H2 21, and some broadly based softening in market demand. Pass through of input cost inflation added to the top line in all geographies. We estimate the impact on revenue for the full year to be around 17% to 18%," SIG explained. Gavin Slark joins as CEO at the start of next month, replacing Steve Francis.

[qsmeily456] 15/12/2022 15:47

29 2 🤣

TRINID2

9 Sep '22 - 08:40 - 3659 of 3669

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Smelly boy did you pick some up at 30P .................obviously not looool🤣315;🤣㊃5;🌲🌴🌳🌲🥑

[elongate] 01/12/2022 14:35

Nothing new, but further comment.

[elongate] 24/11/2022 10:06

Kgf reports.

Strong energy efficiency product demand supporting DIY sales

DIY sales continue to be supported by new industry trends such as more working from home and a clear step-up in customer investment in energy saving and efficiency.

[elongate] 17/11/2022 09:55

“Hunt hails ‘vital role’ for energy efficiency
Improvements to home insulation are a “vital part” of the UK’s long-term energy policy, Jeremy Hunt has said, as hopes rise that Thursday’s Autumn budget statement will see additional cash for energy efficiency upgrades. The chancellor of the exchequer made the comments whilst responding to criticism of the government’s track record on energy efficiency during question time in the House of Commons.”

Been waiting on something in that regard for a very long time, following failure of past initiatives. 80% of what Shi do is energy and building efficiency related.

[elongate] 16/11/2022 10:40

SIG’s Bartosz Pilch promoted to a group-wide omnichannel role
16 Nov 2022

SIG has announced that Bartosz Pilch, Marketing and E-commerce Director at SIG Poland, has been promoted to the role of SIG Group Director of Omnichannel. 
Modernisation, enabled by technology, is a strategic priority across the SIG group of companies. Making SIG easier to buy from, sell to, and work for across its order to cash, procure to pay, and customer services processes are producing meaningful productivity benefits. 
At the same time, SIG is accelerating its sales evolution into omnichannel business models – ensuring maximum convenience for its customers at all times. SIG Poland is its top performer, is award-winning, and leads the specialist building products distribution industry in its omnichannel offering to customers in Europe and the UK.
Henry Boyden, SIG Group Digitalisation Director, said: “Bartosz’;s promotion is thoroughly deserved. 
“Together with the wider leadership team, Bartosz has been responsible for building and growing, from scratch, the sector-leading omnichannel proposition in SIG Poland. He has built an innovative and award-winning offering that has been designed with SIG’s particular business model in mind.  This has not only greatly increased our customers’ satisfaction but also driven a strong return on investment that has seen material top-line growth, and significant productivity gains and consequently has been a key factor in the performance of SIG Poland over the last few years.
“In his new role, he will help accelerate our move to omnichannel across the SIG group of businesses and I look forward to working with him.” 
Bartosz joined SIG Poland in 2014 as E-commerce Director, where he successfully launched Poland’s e-commerce platform. Since 2017, he has been responsible for online sales development as well as both online and offline marketing strategies supporting the omnichannel growth of SIG Poland. Bartosz was recently awarded the E-commerce Director of the Year 2022 in the E-commerce B2B category award by the Polish Electronic Chamber of Commerce.

[elongate] 15/11/2022 08:56

hxxps://www.sigplc.com/news-and-media/press-releases/2022/14-11-2022

Keeping the focus on sustainability
14 Nov 2022
Will the focus on sustainable solutions remain a priority if the construction market cools? Lorna Stork, ESG Director at SIG UK outlines why she thinks it will.

Those of us with long memories will remember the Code for Sustainable Homes, with its original target of 2016 for the introduction of zero carbon new homes in the UK. The global financial crisis of 2008 effectively scuppered that programme and the question is: is it different this time? 

I genuinely think it is – for three main reasons.  Firstly, the effect of climate change is becoming more apparent every year and there is a national and global consensus around the urgent need to reduce carbon emissions.  The UK has been ahead of the curve in this regard, being the first country to declare legally binding targets to become a net zero carbon economy by 2050.
Secondly, I would argue that the current energy crisis should give additional impetus to the carbon reduction agenda by focusing on the financial cost of consuming energy.
Finally, I think that this time around we have collectively invested properly in the move towards sustainable building. Product innovation, technical advances and new ways to measure and demonstrate low carbon emissions have all been developed in the last decade. Not only do we have to continue, I think there is a genuine consensus that we will.
UK Building Regulations lay down the direction of travel for new buildings and we are in the middle of the implementation of the Future Homes Standard, currently requiring a 31% reduction in carbon emissions compared to the 2020 regulations.
This time we really do know how to build high-performance homes that are approaching zero carbon in use. It’s challenging and the technical team at SIG UK is frequently involved in providing product solutions to meet increasingly stringent thermal conductivity targets for the external fabric of new homes.
The game-changer this time, however, is the recognition of the importance of embodied carbon.  We can’t hope to get anywhere near our national carbon reduction targets if we simply ignore the impact of the manufacturing process.  There is no point in striving to create buildings that generate no carbon emissions in use if they have achieved that result by using materials that have themselves generated huge amounts of carbon during their manufacture.
Developers, housebuilders and even main contractors are starting to publish their zero carbon commitments, fully aware that these can only be met if the supply chain works together.
As a major distributor, we have produced its own zero-carbon roadmap but, like everyone else, we are only able to control the emissions from our own business operation.  With targets in place to eliminate carbon emissions from our transport fleet, offices, and warehouses, we also need to work with product suppliers to find or develop lower-carbon products.
We’re in a great position to stimulate the development of such products as we can provide an immediate distribution channel for promising new offers, helping to build a market fast for emerging businesses.
And we are also in a position to help responsible customers make the right environmental choices which is not as easy as it might appear.
Until very recently there was no commonly accepted method for calculating the embodied carbon of any product. It’s still not a precise science, but Environmental Product Declarations (EPDs) provide the most comprehensive information.
EPDs consider the whole lifecycle of a product, taking into account: the carbon emissions associated with the extraction of raw materials; the manufacturing process for the final product; any emissions associated with its performance in use and emissions associated with its disposal at the end of its life.
With a common calculation process it becomes possible for customers to make product choices based not only on technical performance and cost but also on carbon emissions. We are certainly seeing more requests for this type of information and are encouraging our suppliers to provide the carbon calculations for their products.
The more entrenched this way of thinking becomes within the supply chain, and the greater the investment in zero carbon options, the less likely it becomes that any government could unwind the progress made to date.
So far there is no sign of any weakening in commitment from the top. Most commentators expect Building Regulations in England to follow those of Sweden, France and other European nations and impose limits on the total embodied carbon allowed in new buildings.
In addition, I’m expecting to see greater regulation around existing buildings. Any rental property already needs to demonstrate its energy efficiency with an Energy Performance Certificate (EPC). Currently the requirement is for all such properties to have an EPC rating level E but the door is clearly open to raise the standards further.
And finally there is cost. Successive governments have struggled to find the right incentives to encourage homeowners to improve the energy efficiency of their homes – but a 100% increase in central heating cost might just make that process a little easier.
It is a bit dispiriting to consider that, had the original targets been maintained, we would have been building zero carbon homes for six years already. However, I think that we have crossed a line.  The pace of change is accelerating and the growing economic case to reduce our reliance on fossil fuels will speed it further.

[elongate] 13/11/2022 12:09

I’ve been marked down on last 2 posts. It makes no sense to me.
Insulation sales may rub off on Sig. I do not know but think it likely. That is what they do.
Perhaps even a derogatory comment would carry more weight.