Sig Share Discussion Threads

[cerrito] 05/7/2023 10:48

A rather spooky comment on recent weakening of demand in France and Germany.
Glad I sold some at 42p plus a few months back. Wish I had sold out completely.
I will wait for the results to come out to decide if I should add more.

[trinid2] 05/4/2023 15:31

Certainly looking for more than 49p this year................

[jc77777] 05/4/2023 08:19

Along with some other big institution buys last week hxxps://fintel.io/sob/gb/shi

[cerrito] 04/4/2023 18:12

An unexpected and pleasant development. It seems I was not alone today banking some profits. My present plan is not to sell under 49p and it would be a surprise if it got there this year.

[peteret] 04/4/2023 13:26

Black rock increased its position and is giving us a nice boost.

[elongate] 09/3/2023 11:25

The Slark has an eye to his own cash, not only for the sake of appearance.

“One such company is FTSE 250 building products firm Grafton (GFTU). Chief executive Gavin Slark has sold £2.15 million worth of shares in the group, at a price of £11.98 each, after results last week that lifted the stock.

The firm, known for its Selco brand, expects profits to beat forecasts after a bumper March and April which helped revenues in the period between 1 January and 18 April to rise 32.9% to £846.8 million, and expects full year operating profits to be 15-20% higher than consensus forecasts of £206 million.

Grafton shares surged over 8% following the update, after which Slark sold the shares along with chief financial officer David Arnold, who sold £167,000 worth at a price of £11.93 each.”



hxxps://www.sharesmagazine.co.uk/news/shares/director-deals-grafton-tremor-international-bosses-cash-in-after-strong-run

[elongate] 09/3/2023 08:46

The Slark buys £346k at 39p. He is expected to hold shares, but it is a substantial amount at this early time in his tenure.

[elongate] 08/3/2023 19:39

Investors’ Chronicle

SIG reports first profit in four years
Cash outflow stemmed as building products firm returns to profit
March 8, 2023
By Michael Fahy

UK interiors arm gains market share
Higher lease payments push up net debt
Insulation specialist SIG (SHI) is building layers of its own, making its first pre-tax profit in four years. 
SHI:LSE
SIG PLC
1mth
Today change
-4.88%
Price (GBP)
39.95
The group embarked on a ‘Return to Growth’ strategy three years ago. It tapped shareholders for £165mn to make investments in a business that had been starved of cash, and the strategy is finally starting to show results (if not yet pay dividends).
Like-for-like revenue grew by 17 per cent, driven by higher pricing. Its UK interiors arm, which provides more than a quarter of group revenue, returned to profit through “better pricing discipline and improving product mix”, allowing it to retake market share. 
It isn’t out of the woods yet, though. Although the group’s underlying operating margin improved, it still stands at just 2.9 per cent. New chief executive Gavin Slark, who recently joined from Grafton (GFTU), reiterated its medium-term aim of growing this to 5 per cent. 
It achieved positive free cash flow of £11mn (compared with a £124mn outflow in 2021) but net debt still rose by almost £80mn to £444mn, triggered by a £46.6mn increase in lease commitments.
Although improved earnings meant its leverage ratio eased to 2.8 times, from 3.2 times in the prior year, borrowing levels remain elevated. With the company forecasting “weaker demand conditions” this year as new housing and home improvement markets struggle, bringing it down further could prove tough. 
SIG’s shares trade at 13 times broker Liberum's earnings per share forecast of 2.9p, which is well below their five-year average. The bank’s analysts think there is “considerable upside” if the company meets its 5 per cent target, but the way the market is shaping up means that’s a big ‘if’. Hold.
Last IC View: Hold, 36p, 9 Aug 2022

[cerrito] 08/3/2023 16:32

The results were as good as can be expected in the circumstances.
I note fall today but my surprise is that have been relatively strong in the last fortnight and indeed I did sell some earlier this week.
No surprise to me that YTD volumes have been down on last year.
Good to see increase in underlying operating margin from 1.8pc to 2.9pc.
I currently do not envisage either buying or selling.

[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.