Sig Share Discussion Threads

[sh1984] 31/5/2020 12:40

New warehouse has opened in London, time for the growth strategy the CEO talked about on Friday to kick in.

hxxps://professionalbuildersmerchant.co.uk/news/sig-opens-london-warehouse/

[rastamouse] 31/5/2020 11:47

From the LSE forum:From the RNS:"The equity offer, to be launched in the coming weeks, will be structured in two, inter-conditional tranches: a tranche of £60m being placed firm to CD&R (at 25p per share) and a second tranche of £90m, offered to a broader range of investors and incorporating a pre-emptive offer, in which CD&R will invest up to £25m"Pre-emption rights give existing shareholders first refusal when a company is issuing new shares. If pre-emption rights exist, new shares in a company cannot be offered to other potential investors without first being offered to the current shareholders.CD and R will benefit, naturally, from the second tranche. I expect IKO at least to be given the specific opportunity. I do not suggest it will necessarily do so, but a pre-emptive offer will be made and we shall have to see if that offer, as opposed to a right, will extend in limited form to include pi's.

[ny boy] 31/5/2020 11:24

Will CD&R launch a takeover later this year?

Epic dilution to date, I will put these on my stocks to watch monitor or now

[rastamouse] 31/5/2020 11:18

Shares will be going into institutional hands..

[qsmeily456] 31/5/2020 10:55

Now factor in twice as many shares and massive dilution

[sh1984] 31/5/2020 10:54

*Before £150M placing*
Cash in account: £155 million
Market Cap: £170 million

*After £150M placing assuming share price remains at current levels

Cash in account: £305 million
Market Cap: £323 million

Business is still only valued at cash being held!

[rustyke1] 30/5/2020 10:17

Positive coverage in The Times today.

[ianb5004] 30/5/2020 10:17

hxxps://www.thetimes.co.uk/article/us-private-equity-firm-launches-pipe-rescue-for-roofing-chain-jzd0v6bvc

[rastamouse] 30/5/2020 09:40

All indicators Bullish.Upside £1.15 where there is resistance.Downside 20.5p support.This will multi bag very quickly IMHO.Peace out.

[paulof2] 30/5/2020 00:34

Held out well in a tough market today, looks promising for next week

[useless23] 29/5/2020 18:35

Wow. Look at that volume. Plus this rose when the main market was falling. Next week should be interesting.

[nav_mike] 29/5/2020 17:17

2.5m buy order not filled in the closing auction @29

[wburton619] 29/5/2020 16:53

I'm assuming that's the last of a seller. Blue sky ahead bring on next week

[johnsonmfc] 29/5/2020 16:24

Close over 30?

[rastamouse] 29/5/2020 14:43

Me off for some weed maaan.Peace out..

[1savvyinvestor] 29/5/2020 14:43

Tucked away now . Forget the noise . Next comment from me at over 60p

[rastamouse] 29/5/2020 14:19

Lol...Me both maan

[topnotch] 29/5/2020 14:17

I take it you're not actually a rasta...or a mouse....

[rastamouse] 29/5/2020 14:04

Me always happy maaan.

[troutisout] 29/5/2020 13:56

Are you now in Rastamouse? Seems like you have had a happy pill, the business will be valued at £360m but will have twice as many shares....

[amazoner] 29/5/2020 13:45

250p is fair value next year due to revenue growth

[rastamouse] 29/5/2020 13:38

Second assault on 30p.Business should currently be valued at £360 million. So this will be around 65p in no time.IMO this will be valued at £500 million in next few months (minimum).85p to 1 pound fair medium term target.

[rastamouse] 29/5/2020 12:59

Any new Broker targets??

[topnotch] 29/5/2020 12:56

Think the news is slowly being digested and make take the w/e for the larger investors to decide whether they want in

[yasyas1] 29/5/2020 12:51

SIG said investment manager Clayton, Dubilier & Rice had conditionally agreed to invest up to £85m in the company via the equity raising and take two board seats.