Sig Share Discussion Threads

[cockneyrebel] 14/8/2014 14:36

Starting to fly - that bowl tells you more than anything you're reading in results imo.

CR

[mechanical trader] 13/8/2014 02:42

kingL is right, these are worth 70p a share and thats generous.

[cockneyrebel] 12/8/2014 18:43

There's a change in the chart too imo.

If you look back it's all been big spikes up and down but recently the chart has been curving up. Usually indicates a change in sentiment imo from jumpy traders to longer term buyers averaging in imo.




Al imo/dyor etc.

CR

[rburtn] 12/8/2014 18:37

Valhamos - it's all about potential, I see it through the figures others may not, I could be wrong.

[cockneyrebel] 12/8/2014 18:22

What's not to like? Nov last year these were 216p a share, now they are 167p.

Builders, builders suppliers, estate agents all been mullared in the past months when house building and construction is soaring.

Of course, as ever, punters are most excited when shares are at a high - wipe 30% off the price and they all run for the hills.

Contrarian rules imo.

When the sector rallies these rally - and the sector is set to rally imo.

All imo/dyor etc.

[valhamos] 12/8/2014 18:15

rburtn

Rather than name calling, why not engage with the debate? For a start you could try answering my serious question - What's to get excited about?

Unless you were speculating on a short-term trade you presumably have bought in expecting to see the sort of price targets that Panmure and Singer have come up with. So what's the attraction as you see it?

[mechanical trader] 12/8/2014 16:58

Nobody did!!!!!!!!.

[rburtn] 12/8/2014 16:39

Too many de-rampers if you ask me.

[mechanical trader] 12/8/2014 16:06

75p yep Id agree probably less. I was bullish at one time not any more.

Management cooking the books.

Too many investors not checking the balance sheet.......criminal.

[kingl] 12/8/2014 15:58

The forecast full year eps of 12p is only if you ignore intangibles. It was because they kept sweeping intangibles under the carpet and pushing "underlying" that they, and some investors, came unstuck.

It saddens me to see that the current management are now doing the same, which makes any proper comparatives almost impossible.

Half-year PBT down 10%, and "proper" eps at 3.1p only because of the deferred tax. I've been arguing for some time that these are worth 75p only. From that point they might be a good long term hold.

[valhamos] 12/8/2014 14:27

CR

"Quiet thread now - everyone bored perhaps?
Panmure and Singer out with buys on SHI - 250p and 262p targets."

What's to get excited about? Pre-tax profit at £11.8m is lower than the comparative period, and post-tax is only better because SHI have recognised some deferred tax assets leading to a tax credit for the period. I'm not overly keen on adjusted profit figures for cyclicals - as the adjustments tend to be reoccuring. But even if you take the forecast adjusted eps for 2014 which I have as 12p, it's hardly cheap on a P/E of 14 for a company's whose return on equity is in single figures yet is selling at over 4 times tangible book value.

[rburtn] 12/8/2014 13:44

I agree CR. I tried to get in yesterday for 169 and failed, forced to pay 173 today, now see them back at 169, still think it a wise purchase.

[cockneyrebel] 12/8/2014 12:57

Quiet thread now - everyone bored perhaps?

Panmure and Singer out with buys on SHI - 250p and 262p targets.

25% off where these were in March.

CR

[scobak] 29/7/2014 17:57

Has the share price turned to be +ve. It has been a slow decline since the start of the tax year. The main problem appears to be the strength of sterling. I have topped up - actually doubled up - and am waiting for time to make a small return.

[finethings] 26/3/2014 15:40

It was tipped in the IC by the way on 20th March

Trading in the current year has started well, albeit against some weak comparatives, and SIG expects to benefit from a continued strong revival in the UK housing sector. Non-residential activity is expected to remain broadly flat, although this should mark an end to year after year of decline. And, as chief executive Stuart Mitchell points out, the nature of the business means that sales kick in much later in the construction cycle, and he expects to see an uptick in demand towards the third and fourth quarters of this year.

Shares in SIG are trading at 17 times 2014 forecast EPS, which is cheap compared with CRH on 26 times and Kingspan on 23 times. Perhaps more pertinently, though, the shares promise much upside based on the price-to-earnings ratio of just 0.44 times - a classic measure of value for recovery stocks. This compares with a 2007 peak of 0.96 times, and gives the shares plenty of scope to re-rate as profitability builds, and there is plenty of potential here given that operating margins of 3.9 per cent are well below the peak of 6.5 per cent achieved in both 2006 and 2007. The dividend yield is not too impressive, but it should be noted that throughout the downturn the dividend has been increased every year, and covered nearly three times by net earnings suggests that there is room for further increases.

Share tip summary

Where SIG impresses the most is the way it cut costs and disposed of underperforming assets in the downturn, while at the same time maintaining a progressive and well covered dividend. That leaves it well positioned to benefit from operational gearing as the economic picture improves. Buy.

[sven2006] 23/3/2014 12:24

Mr Blue Sky, why did all the builders fall ?

Sven

Looking to invest quite a lot and was thinking about builders and the likes of tpt and shi also as bolt ons to the trade.

[tiger20] 13/3/2014 07:51

Much better update results with better second half bodes well for 2014/15

[r ball] 10/1/2014 20:09

not outstanding. sector unattractive at the moment.

[tiger20] 09/1/2014 08:01

Reasonable trading update improving situation

[tiger20] 28/11/2013 14:31

I also have BDEV-TW-RDW-SMP sticking with them for long term for now

We should get the spring bounce Jan/Feb and todays price reductions should help the bounce -I hope!!!

[mr_bluesky] 28/11/2013 14:28

tiger:

not bad here but not a good day for builders.

I had BDEV in reality and for the stock challenge this months and sold for 331.5p to break even minus costs.

Mr Bluesky

[tiger20] 28/11/2013 14:24

SIG: Panmure Gordon takes target price from 228p to 262p staying with its buy recommendation

Was SIG Strategy day today well received by the looks of it

[mr_bluesky] 25/11/2013 09:41

Nice break over 217p today so even more bullish now.

Mr Bluesky

[mr_bluesky] 14/11/2013 15:57

tiger20:

yes I agree mate.

I'm so glad I spotted this and got in relatively early as this is a sit back and hold.

A break over c.217p and I would expect it to open up a bit more IMO.

Mr Bluesky