Sig Share Discussion Threads

[dobcroft] 23/11/2011 11:56

Not far off the placing price of 75p now. This price obviously wasn't just picked out of thin air ... it was what the majority of investors thought it was actually worth based on real PBT and ignoring all this EBITDA (or "underlying") nonsense that has sucked so many in over the years.

[ianio5691] 27/7/2011 22:11

The company said it expects underlying pre-tax profits for the six months to June 30 to be about £34m, up from £18.5m last year






INSULATION and roofing group SIG is to sell its interiors manufacturing business to Laidlaw Interiors Group for £14m in cash.


Sheffield-based SIG said the sale is backed by Rutland Partners, a UK private equity firm.

SIG's interiors manufacturing business designs, manufactures and supplies performance door sets, partitions, washrooms and glazing products in the UK, mainly to non-residential markets.

The business trades under the Leaderflush & Shapland, Komfort Workspace, Cubicle Systems and SIG Glazing Services brand names.

The business had gross assets of £41.8m at the end of December. It made a pre-tax loss of £49.2m in 2010, after restructuring and goodwill impairment charges.

It made a pre-exceptional operating loss of £2.4m on revenues of £83.2m during the year.

The proceeds of the sale will be used to reduce SIG's net debt.

Chris Davies, SIG's chief executive, said: "Consistent with our key strategic initiative to improve performance by actively managing the group's portfolio of businesses, we are pleased to announce the sale of SIG Interiors Manufacturing to Laidlaw and Rutland Partners.

"This divestment, together with the recent disposals of our scaffolding and safety and workwear businesses, enables us to better focus on our core distribution and merchanting operations and helps to rebalance the group's exposure further towards residential markets."

Earlier this month SIG said it expects first-half underlying pre-tax profit to almost double, helped by a strong performance in Europe and an increase in prices for its products.

The company said it expects underlying pre-tax profits for the six months to June 30 to be about £34m, up from £18.5m last year.

But trading is expected to slow down in the second half.

[spob] 25/3/2011 08:15

possible bid rumoured

[1nf3rn0] 24/3/2011 16:11

Looking very good. Wish I'd bought more on the previous pull back. A contact of mine who works in the roofing division tells work has picked up a lot and they're really busy at the moment.

[nellie1973] 18/3/2011 18:44

Broker upgrade again today

[ards] 17/3/2011 13:22

pretty good statement with refinancing and restart of divi

[nellie1973] 24/1/2011 13:30

Broker upgrade

[rohirrim] 13/1/2011 17:32

Cheers CR, am thinking of topping up the relatively small holding I have in my SIPP, and with 25 years to retirement this share may have potential.....lol

[cockneyrebel] 13/1/2011 17:17

If it's broken out here I'd expect it o keep rising. Would think it could test that 160p resistance on the chart before long myself perhaps.

CR

[rohirrim] 13/1/2011 17:15

CR (or anyone else for that matter), in your opinion is that breakout at the close a good sign, for example that the share price will settle around this level, as opposed to drop off after profit taking or MM fun and games?, many thanks to any who offer their thoughts

[cockneyrebel] 13/1/2011 16:49

Broke out at the close.

CR

[rohirrim] 13/1/2011 16:38

Nice rise, and finally back in profit after a year and a half holding. Just need them to go back to their 2007 highs and will be very chuffed.....

[cockneyrebel] 13/1/2011 15:13

1001 GMT [Dow Jones] SIG (SHI.LN) full year trading update is solid, despite trading being impacted by harsh weather at the end of the year, says Panmure Gordon. Says full year profit will not be less than consensus expectations and the group expects to make progress in the current year. "The net debt performance was better than we had expected," adds Panmure. Maintains a buy rating and 150p target price on the stock. Says the recent stabilization of trading should help sentiment towards the shares to improve. "It [SIG] retains structural growth drivers, principally through insulation, and with the strengthened balance sheet we retain our positive stance," adds Panmure. Shares +0.1% at 136p

[cockneyrebel] 13/1/2011 14:26

Chart breaking out - nice bowl forming here.

CR

[grigor] 13/1/2011 13:13

Insulation company moaning about cold weather!

[fardistanthills] 11/1/2011 11:44

KingL (and one or two others) Many thanks for your analysis on this thread - from way back in 2007. A very instructive case study!

[cockneyrebel] 05/1/2011 14:43

NS Number : 9697Y
SIG PLC
05 January 2011
5 January 2011
Trading Update Notification
SIG plc, a leading European supplier of insulation, interiors, exteriors and specialist construction products, advises that it will announce its trading update for the twelve months ended 31 December 2010 at 7.00am on Thursday 13 January 2011.

CR

[smallgiraffe] 23/12/2010 16:16

I'm really quite happy with SIG, I'm a new investor and of the 4 companies i've invested in, this is the only one making me money. Wish i'd put a little more money into this instead of the other ones.

[dobcroft] 22/9/2010 15:13

Placing price of 75p looks reasonable.

[scuch] 21/9/2010 15:23

had a couple of nibbles at 100, any thoughts on to where this be heading?

[nellie1973] 25/8/2010 17:12

broker upgrade

[jeffian] 25/8/2010 16:06

Particularly when the amounts concerned range from under £10k-£25k. Enough to look serious but not enough to hurt anyone on a Directors' remuneration if it all goes wrong. A few years ago when Stagecoach was in the doldrums, Brian Souter came back in as CEO and bought around £13m-worth. Now that WAS a buy signal!

[dobcroft] 25/8/2010 15:29

Apparently, when all the executive directors of a company buy shares in unison on the morning of an announcement it's a strong "sell" signal.

:-)

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

Get your Damart on..