Sig Share Discussion Threads

[topnotch] 29/5/2020 12:08

Disco Inferno

Ooops!

[jonny_five111] 29/5/2020 12:08

You sold out. You regret it. Move on.

[amazoner] 29/5/2020 12:06

burn shorts burn, burn shorts burn ;)

[amazoner] 29/5/2020 12:05

burn shorts burn, burn shorts burn ;)

[amazoner] 29/5/2020 12:05

burn shorts burn, burn shorts burn ;)

[topnotch] 29/5/2020 11:57

Don't say that - I've been sitting in the garden waiting fro fireworks...

[wildsheroo] 29/5/2020 11:45

Can't say depend on circumstances. But at the moment I'm not impressed with recent announcements.

[ammu12] 29/5/2020 11:34

So you waiting for a lower entry ?You reckon this will go lower ?What price you looking to buy in at ?

[d1nga] 29/5/2020 11:21

Most likely not in uk

[ammu12] 29/5/2020 11:01

Wildshero was posting at 4am in the morning.I wonder why is he so nervous lol

[topnotch] 29/5/2020 10:34

Thought they were pretty much flushed out this morning...

[patio58] 29/5/2020 10:08

Flush the traders out that bought in just for today's results and we should be quickly on the ascent!

[amazoner] 29/5/2020 09:53

better to see a slower move upwards. 45p by end of next month

[qsmeily456] 29/5/2020 09:50

bad news priced in.

Insiders already knew the details yet it rose yesterday.

Tells me base 25p at a discount means they are priced at the lows.

If you believe they will improve from here buy if not f off or short to 22 pmsl SIMPLES

[ammu12] 29/5/2020 09:49

Bids getting stronger.Big buyer in the background.

[s34icknote] 29/5/2020 09:40

So the air handling they sold made half the profits !Sicknote

[s34icknote] 29/5/2020 09:38

-- Underlying revenue decline of 9.0%, impacted by market share losses in UK and Germany due to poor execution of transformation initiatives which the Board believes disconnected the business from its customers, suppliers and its front-line colleagues

[s34icknote] 29/5/2020 09:37

"Love this bit lolAfter nearly a decade of contraction, which has included disposals, rationalisation, debt and cost reduction, it is now time to focus on how to grow SIG and rebuild our core USPs of customer proximity, service and expertise. We play an important role in the construction industry, providing a channel through which suppliers can bring their products to a fragmented customer base conveniently and efficiently. I firmly believe that o ur new strategy for growth will provide the basis, not only for the restoration of profit and cash conversion, but also serve as a foundation to play a leading role in our industry in the years to come.

[topnotch] 29/5/2020 09:35

Still waiting for fireworks mate - shall I put the popcorn in or not???

[ammu12] 29/5/2020 09:32

Desperation from the derampers lol

[paulof2] 29/5/2020 09:32

COVID-19 Response and Trading Update
-- Rapid development of a coordinated and decisive response to COVID-19, with the Group's key priority being to ensure the safety of our employees, suppliers and customers in all areas of operation. Liquidity preserved since lockdown in March, despite significant declines in revenues:
o Group revenues fell GBP138.9m during March and April from the prior year, a decline of 37%
o Trading now returning to pre COVID-19 levels in most of our operating companies as the Group adapted swiftly to new social distancing protocols. This would not have been possible without the dedication and professionalism of our front-line colleagues working in extremely challenging conditions
o As at 26 March 2020, the Group reported that it had cash resources of approximately GBP135m, following receipt of the sale proceeds of its Air Handling division. In a further market update on 30 April 2020, the Group announced that, as a result of strengthened cash control measures, it had been able to preserve its liquidity position and held cash of GBP142m as at 24 April 2020
o By the end of the month, cash at bank as at 30 April was GBP155.3m, with a net debt of GBP114.1m, achieved through cost control, utilisation of governmental programmes and intensive, but careful, management of working capital



Actually looking at that I’m quite impressed it looks as though activities have really started to pick back up late April and May. I was actually expecting much worse in the peak of covid lockdown also so I must say I’m pleasantly surprised.

If trading really is not far off pre covid levels now I see no reason why this shouldn’t be hovering at least double these prices. Which would still be pricing it at a big discount to pre covid levels!