Sig Share Discussion Threads

[rastamouse] 28/5/2020 21:55

Short term possible weakness.Long term very good news.Again this is a £500 million company in the making.

[tallprawn] 28/5/2020 21:55

Generally good as it should be a long term holder injecting funds - It just depends at what discount the new shares will be issued at.

[gooner1886] 28/5/2020 21:53

Is this good news or bad? Lol

[jock363636] 28/5/2020 21:51

Short term trader Alert ? it's good for the long terms viability of the business

[rastamouse] 28/5/2020 21:50

Well, I did say results were delayed due to clarify liquidity issues.Looks like stake sale to private venture company and possible share placing.Should strengthen the balance sheet cash position and steady the ship for forward growth.Will be interesting to see how market takes this news.Long term good news.

[scars] 28/5/2020 21:45

So up or down in the morning?

[parob] 28/5/2020 21:37

CD&R's decision to back SIG - and a new management team led by Steve Francis - is likely to be interpreted as a significant vote of confidence in a company which has been rocked by a string of profit warnings.

[gooner1886] 28/5/2020 21:35

Cash raise coming then

[parob] 28/5/2020 21:28

hTTps://news.sky.com/story/coronavirus-sig-constructs-stake-sale-to-buyout-firm-11996495Thursday 28 May 2020 21:15, UKCoronavirus: SIG constructs stake sale to buyout firmClayton Dubilier & Rice is to acquire a large stake in the listed building materials group SIG, Sky News learns.Mark KleinmanA public markets deal which has not been seen in London for more than a decade will re-emerge on Friday when SIG, a building materials group, unveils plans to sell a big stake to the buyout firm Clayton Dubilier & Rice (CD&R).Sky News has learnt that SIG, which has brought in a new management team to spark a turnaround in its fortunes, is close to securing a major investment from CD&R worth tens of millions of pounds.The construction materials company is also said to be planning to raise money from existing shareholders as part of a comprehensive attempt to shore up its balance sheet amid the coronavirus pandemic.SIG's largest investors are understood to have been briefed on the proposed transaction ahead of the company's delayed full-year results announcement on Friday morning.If the investment from CD&R is completed, it would be the first so-called PIPE (private investment in public equity) transaction in a London-listed company since 2009, when Warburg Pincus acquired a substantial stake in Premier Foods, the Mr Kipling maker.

[jock363636] 28/5/2020 19:31

Same I doubled my stake it's a no brainer at these peanut prices

[useless23] 28/5/2020 18:39

I bought more today. Bad news is already priced in.

[rastamouse] 28/5/2020 18:30

This is a GBP 500 million company

[trinid2] 28/5/2020 18:22

looking forward to tomz,, this going up

[sh1984] 28/5/2020 17:35

Shorters to get toasted tomorrow

[plentymorefish] 28/5/2020 16:37

Some insightful posts from you today rumobejo…..I think yesterday was your best posting day of 2020 by some margin though......atb

[amazoner] 28/5/2020 16:32

we may see the share price will move towards 20p or 40p tomorrow. I am just worried about accounting irregularities.

[topnotch] 28/5/2020 16:20

Automobile Anonymous???

I don't think so....

[marmar80] 28/5/2020 16:14

Anonymous.. ;)

[topnotch] 28/5/2020 16:11

Automobile Association

[wildsheroo] 28/5/2020 16:02

Hmmm this will give sleepless nights to few

[rastamouse] 28/5/2020 15:57

This is a £500 mill company in making

[rumobejo] 28/5/2020 15:21

ripe for a take over !!!!