Sig Share Discussion Threads

[josephrobert] 22/5/2017 21:32

Must admit it looks from the outside looking in, a weak set of results - cut dividend, debt ratio not favourable, weak underlying growth, etc etc so I must be missing something when the share price is moving so quickly on the upside. The chairman's wife sold 50k recently...but the share price is accelerating.

How has this company has done so badly for so long in favourable economic backdrop? Was the previous CEO so bad?

[salpara111] 15/3/2017 12:58

Glad I exited yesterday!
I guess the rise may have been more to do with the new CEO being well received.

[ph1ts] 14/3/2017 11:03

I did the same Salpara. I got 25% gain, and decided to bank it.It will probably fly now!

[salpara111] 14/3/2017 08:57

Well that was pretty grim reading. Divi cut and not a great forecast.
I had a small holding and have sold it this morning as I really don't understand the big rise in share price but not unhappy to get out for a 10% gain.

[thorne3] 14/2/2017 13:09

44=I have been in and out of SHI since it came to the market and would agree that it is now significantly undervalued.I have been less than impressed with the Board in recent times however following the latest "clearout" and the announced intention not to make any further bolt on acquisitions pro temp there should be the opportunity to reduce financial gearing, inter alia.The company's markets are likely to be benign for the foreseeable future and this should help bring about a recovery over the next two years.All these factors render SHI attractive to predator interest and I have to say that I now consider the company to be as vulnerable as it has ever been from this point of view.

[jimbo44] 13/2/2017 16:38

I have held SIG shares on and off since 1998 when I bought part of a business that they were taking over so know them very well. They are essentially a well run business covering a vast range of building products apart from insulation. I invested again recently when the share price fell to 87p which was way too low. IMO even with the subsequent rise they are stiil very much undervalued. With the expected government promoted rise in house building over the next few years SIG share of the building market can only increase and with it the profit base which seems to have stabilised at least for the time being.

[3rd eye] 10/2/2017 16:23

SHI SIG PLCAttractive yield

Meanwhile, another troubled FTSE 250 company that’s seen its share price drifting lower over the last couple of years is SIG (LSE: SHI). The UK’s leading specialist distributor of insulation, dry lining and related products saw its share price surge last month. That was after a trading update for the year ended 31 December revealed that group sales had risen to £2.74bn, an 11.2% improvement on the previous year.

Numerous profit warnings have resulted in the share price plummeting over the past couple of years, boosting the dividend yield as a result. The Sheffield-based firm now offers a far more attractive yield that now stands at 4.1% and is covered twice by forecast earnings.

[sleepy] 16/11/2016 15:41

How many years ago did IKO first become shareholders?

[belgraviaboy] 16/11/2016 14:51

The 7% stake was declared in the 11.14 RNS yesterday.

Have a look at IKO (it is Canadian) and the family who own them.

I think it is fair to ask whether this stake building is the prelude to a bid, especially given the exchange rate and current value of SIG.

[freshvoicea] 16/11/2016 13:31

What do you base that on?

[belgraviaboy] 15/11/2016 11:47

IKO lifting stake over 7% - bid coming?

[ianio5691] 11/11/2016 09:26

Too exposed to the commercial building sector which is in the doldrums post brexit. Travis Perkins struggling in similar markets.

One to avoid until the market sector turns.

[salpara111] 11/11/2016 08:55

I suspect that at some point in the next month or so you will be able to buy at 80p.
I have taken them off my watch list for the moment.

[rburtn] 11/11/2016 08:32

Wow, read Statement, decided profits forecast shows steady progress, and ordered with a limit. Never imagined I'd get them for under 90 and still can't believe it.

[25guilderbag] 11/11/2016 08:27

Very close call for me, as cashed out yesterday, to reinvest elsewhere.Harsh reaction this morning, lots of scope to improve the business, which hasn't inherently changed.Having said that, I'm in no rush to buy back in, market can be ruthless sometimes.

[salpara111] 11/11/2016 08:16

Close call for me!
I had them on my watch list and almost set a limit order a week ago but decided to wait until there was a clear turn in sentiment.

[rock star] 11/11/2016 07:13

So profits down around 30% on H1.

[belgraviaboy] 31/8/2016 16:27

Just opened position at 125p.

Like the IKO stake building in particular.

[mach100] 09/8/2016 10:37

Looks a good set of results to me with fears about the market overblown. The strategic initiatives are paying off and the weakness in the pound will also offset small falls in their overseas markets in Europe. 8% hike in the divi should insulate the share price against falls. The share price tends to rise from October so I will definitely be buying in to add to share I bought higher up. Good update!

[thomasthetank1] 12/5/2016 14:29

Read Panmure Gordon & Co's note on SIG PLC (SHI), out this morning, by visiting hxxps://www.research-tree.com/company/GB0008025412

"SIG, the specialist building materials distributor, has issued a trading in-line AGM update. After experiencing a surprise dip in sales LFLs during 3Q15 (-0.9%), LFLs stabilised during 4Q15 (+0.4%) and expanded +1.1% during the four months to Apr-16. Acquisitions completed during FY15 are contributing more than expected to sales and we are raising our FY16 sales estimate by 2.4%. Whilst it is possibly too early to move earnings estimates higher, SIG is once again on a positive footing. However, this is not reflected in the..."

[25guilderbag] 11/5/2016 14:28

Rather large volume today, trading update tomorrow, hmmm...