Sig Share Discussion Threads

[mrt8] 29/7/2009 19:27

It appears that I got that a little wrong. It was Altman that notofied the staff, by email, of redundancies - and then went on holiday! Excellent leadership! m8

[mrt8] 28/7/2009 19:40

Looks like the staff will be told tomorrow! Not looking good for Komfort now - all senior management has gone, and all the work is being shipped out to other locations. Todd Altman is now in charge, and he is MD of Leaderflush, and appears to be the blue eyed boy. Most of the work seems to be going to Birmingham, where he is located. Sad news, but the worst aspect of all this is that the HR Manager sent an EMAIL to notify the staff at Crawley - and then went on holiday before anyone could challenge him! m8

[mrt8] 27/7/2009 10:16

Does anyone know what the situation is at Komfort's now? The latest I heard was 109 to be made redundant - announcements today. That would suggest that the company is not to be shut down, or put into administration. It could mean that it is being slimmed down ready for a sale, but more likely that it is cutting back overheads to enable it to survive. Is anyone working there that has been told different? m8

[chillwill] 13/7/2009 17:06

someone should change the title of this thread.

[jon827] 10/7/2009 20:05

Looks like the have reduced there dept abit more

[volvo] 10/7/2009 07:55

Getting concerned that this company will actually survive!

[jon827] 08/7/2009 10:12

I wonder if they will blame their poor performance on the weather again!!

[kingl] 03/7/2009 20:45

RNS Number : 0745V
SIG PLC
03 July 2009 09:02am

Trading Update Notification

SIG plc advises that it will announce its trading update for the six months
ending 30 June 2009 at 7.00 am on Thursday 10 July 2009. An analyst conference
call will be held on that day to discuss the update.

.
.
.
.

RNS Number : 0774V
SIG PLC
03 July 2009 09:50

This announcement replaces RNS number 0745V released on Friday 3rd July 2009.
The date should read Friday 10th July 2009.

Trading Update Notification - Replacement

SIG plc advises that it will announce its trading update for the six months
ending 30 June 2009 at 7.00 am on Friday 10 July 2009. An analyst conference
call will be held on that day to discuss the update.



LOL ... these guy's couldn't organise a P.up in a brewery!

Anyway, will it be good news or will it be more bad? I'm guessing from the 12:59 announcement that Millennium Partners have a pretty good idea.

:)

[minkob] 02/7/2009 21:42

minkob price target 52p

[kingl] 22/6/2009 21:36

Didn't Goldman have a price target of £18 not so long ago?

LOL

[dobcroft] 22/6/2009 10:35

Dobcroft's price target 60p

[1nf3rn0] 22/6/2009 10:32

Goldman price target 135p

[gdasinv2] 19/6/2009 12:33

Recent Valuation by MM suggest that share price is worth 55p. So guys care for hard earned money. I have exit at 110p. will buy at 4p again. Thanks to MM.

[dilraj] 18/6/2009 17:53

50p sooner rathet than later

[dilraj] 18/6/2009 17:52

I think I have worked out who gdasinv2 is !!!

It's Gareth Davies the group FD of SIG plc.Nice try in talking the share price up, just about on a par with your financial management over the last few years.

KingL spot analysis of the figures.Here is a group dishing out another profits warning and bad news always comes in three's so expect another one B4 the year end.Even with the annualised savings of £62 million the profits are going down,construction activity down the margins must be getting hammered as they are all scrambling for what business is out there.

Let's use the lower end of expectations and say £63 million profits,that's an EPs of 3p which on a multiple of say six (for a group that's now going nowhere) = share price of 18p.Let's be charitable and ignore goodwill after all most PLC's would like you to ugnore goodwill write off's,then you get an EPS of 7p times 6 = 42p.

This will be sub

[kingl] 18/6/2009 16:24

Correction to my post 256 ... I forgot about tax! Doh!

£63m less tax, and then less goodwill. Divide by 591m shares. It's looking more and more like sub 50p to me.

[gdasinv2] 18/6/2009 16:19

But my friend gone long on HAWK...oil is up and share price is low...so offset on HAWK

[gdasinv2] 18/6/2009 16:17

called the MM, one guy said the value of this stock is 55p, and also profit is going very low, so 45-40p tomorrow

[tanners] 18/6/2009 16:17

gdasinv2 - you're a good example of a little knowledge being a very dangerous thing.

I said last year that SIG PLC reminded me of Erinaceous Group in the early days; now that profits are rapidly deteriorating the comparison is becoming ever more relevant.......interest payments are now getting uncomfortably close to core profitability, when that day comes lights start to dim, and it becomes a very tough ask to turn round.

[ianio5691] 18/6/2009 12:56

They have not issued a profits warning for no reason....it is exactly that....A WARNING.

There will be plenty of day traders trying to catch the preverbial falling knife and take profit from a bounce.....but LOOK AT THE TREND...look at the balance sheet...

Think twice before putting your 'hard earned' into this until they resolve their fundemental problems.

All IMHO of course....it's your money.

[gdasinv2] 18/6/2009 12:43

Its is ongoing...SP is based on buy vol vs sale vol at present buy vol is higher...so would tick up..

[gdasinv2] 18/6/2009 12:33

Pls read last RNS carefully, they have good balance to run through whole year, no placing...just have some patience...

[kingl] 18/6/2009 11:44

Today's news is about as surprising as the sun rising this morning.

The fair price, or near as damn it, has already been determined for this share. It's the placing price of 75p.

"Strong balance sheet"? ROTFLMAO