Sig Share Discussion Threads

[simon gordon] 24/8/2010 17:17

Get your Damart on..

[pugugly] 24/8/2010 16:55

And yet another new low.

Any guesses where this will end ? I suspect that given the cuts in Gov Budgets, and increased taxes more people will live cooler and buy sweaters etc than "Invest" in expensive insulation. This will not be good for Sig.

[pugugly] 20/8/2010 16:06

IKO increased holding again on the 18th to over 5%.

5.34% according to the rns - Still the price goes down, so what do the know , or are they trying to hold up the price of their investment ?

[wskill] 17/8/2010 11:55

Big trades today just gone through 2 mill someone is topping up we might see a holding RNS soon IKO? SHI market cap of £567 million with sales of £2.6 billion cheap as chips .

[kingl] 09/7/2010 09:37

Bit puzzled by this statement.

From the AGM: "Sales in the period 1 January to 12 May 2010 were lower by c.6% in constant currency terms compared to the same period in 2009, and by c.7% in Sterling."

From today: "In the six months to 30 June 2010, sales in Sterling of c.GBP1,291m were down c.4.0% compared to GBP1,345m reported in the first half of 2009, and in constant currency were c.3.0% lower and in line with management's expectations."

By my reckoning, to make the two statements fit, sales in the final 7 weeks of H1 must have been 5% ahead of the same period last year. That seems a little unlikely, especially given other cautious statements made. For example, "combined sales rates for May and June were at, or slightly ahead, of 2009 levels in each of SIG's main reporting regions of the UK & Ireland and Mainland Europe, although volumes in June were a little softer than May."

????

"Underlying* profit before tax in the first half of 2010 will be above market expectations."

Does anybody know what underlying profit expectations for H1 actually are? Even with sales of c.GBP1,291m, and a slightly reduced margin of say 25%, I'm still only coming out with a H1 PBT of £11m before other costs, and this is still a long way off the full year consensus of £60m. I think we are being softened to lower expectations.

[jon827] 02/7/2010 14:20

free stock charts from www.advfn.com


I bet this was a fantastic share for a trend follower back in the day, both up and down! Did anyone here ride it all the way?

[dobcroft] 01/7/2010 08:39

Shares now available in Poundland!

[jon827] 29/6/2010 13:44

SIG plc advises that it will announce its "Trading Update " for the six months ending 30 June 2010 at 7.00 a.m. on Friday 9 July 2010.




:-0

[brightontrader] 23/4/2010 13:17

its only because of the debate last night where all sides talked about insulating as their green creds...action plan.

[tiger20] 23/4/2010 08:55

At long last the shares are moving up - 160p short term target

[rockraven] 18/3/2010 12:39

"... so I will make a mental note to revisit in 6 months time ..."

I would guess that most investors would do the same. There seems no urgent reason to buy in right now, and plenty of better places to go look. Having already done its costcuttings, and being "ready to take advantage of an upturn when it comes" (as so many companies say), they seem to be just waiting for that upturn and predicting that it won't be anytime soon. And waiting.. and twiddling their thumbs.. and waiting.

There was always the possibility that the results might have contained better than anticipated numbers (they didn't) and might have been accompanied by a slightly more optimistic outlook than expected (but wasn't). So nothing to make it a must-have piece of anyone's portfolio.

[salpara111] 18/3/2010 11:29

Hmm,

Have been watching this one for a while as they will clearly do well when things turn around.
However it is clear that business is actually continuing to deteriorate rather than stabilise so I will make a mental note to revisit in 6 months time.
I find all the bid chatter in the market generally rather amusing as there simply is no finance available for most of them in the current market.

[kingl] 18/3/2010 09:36

From the results:

"the pre tax profit for the first six months will be well below the result for
the equivalent period last year".

Given that this years H1 results will have the benefit of significantly reduced finance costs due to the placing and supposed cash generation, that's a total disaster of a statement.

Last years pre tax profit was £22m, which after tax is barely enough to cover the goodwill charge.

Brokers consensus of 7.25p eps now looks way too high. The placing price now looks about right, so holders will be hoping for IKO to come to their rescue.

[jon827] 18/3/2010 09:25

Sounds like they are making excuses for another bad h1 of 2010

[kingl] 18/3/2010 07:55

Spot the profit warning!

[s34icknote] 18/3/2010 07:06

not looking good!!!!

[macs] 14/3/2010 11:51

SIG = SHI page 13 Business Section

[tiger20] 14/3/2010 11:16

Anyone get the sunday times there is a profile about SIG today I am not sure whether its Sheff Insulation or Signet only seen a bullet point on Sunday Times Web site.

Anyone confirm which it is.

[redips2] 13/3/2010 19:11

You say "plenty of time" kilmee... well tis only 4 days, hey ho, we will see.

[kilmeedyman] 12/3/2010 16:23

Well maybe, however it is quite a move for SIG with no significant fallback at the end of the day. Also, why today? There is plenty of time before the results are out.

Not much of a conspiracy/rumour theorist myself but to see one of my portfolio act unusually makes me take a look.

[redips2] 12/3/2010 12:17

Hmmmm-----would be nice, but i/we need facts not rumour, maybe just buying b4 march 18th figs.

[kilmeedyman] 12/3/2010 11:37

Serious bid rumour would be an explanation for the sharp rise today.

[redips2] 11/3/2010 16:02

SIG plc advises that it will announce its full year results for the twelve
months ending 31 December 2009 at 7.00 a.m. on Thursday 18 March 2010.


For further information, please contact:
+------------------------------------+----------+-------------------+
| Chris Davies, Chief Executive | SIG | 0114 285 6300 |
| Gareth Davies, Finance Director | plc | |
+------------------------------------+----------+-------------------+
| Gordon Simpson / Clare Hunt | Finsbury | 020 7251 3801 |
+------------------------------------+----------+-------------------+


This information is provided by RNS
The company news service from the London Stock Exchange
END

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