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SHI Sig Plc

19.12
0.00 (0.00%)
Last Updated: 08:15:58
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sig Plc LSE:SHI London Ordinary Share GB0008025412 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 19.12 115 08:15:58
Bid Price Offer Price High Price Low Price Open Price
19.06 19.48
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Roofing & Siding-wholesale 2.76B -43.4M -0.0367 -5.21 225.91M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:03:34 O 7 21.75 GBX

Sig (SHI) Latest News

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Date Time Title Posts
22/10/202415:28SIG plc - the best insulation from any market falls3,767
17/12/202114:55SHI -SIGplc, new CEO and board, a recovery stock for 2020235
21/9/202019:49SHI: A RECOVERY STORY!30
07/8/201818:21Fiddling the books-
31/1/200715:51SIG plc189

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Sig (SHI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:03:3421.7571.52O
08:03:3419.0210820.54O
2024-11-20 16:35:2419.12280,83853,696.23UT
2024-11-20 16:29:5819.26448.47AT
2024-11-20 16:29:5619.2029556.64AT

Sig (SHI) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Sig Daily Update
Sig Plc is listed in the Roofing & Siding-wholesale sector of the London Stock Exchange with ticker SHI. The last closing price for Sig was 19.12p.
Sig currently has 1,181,556,977 shares in issue. The market capitalisation of Sig is £225,913,694.
Sig has a price to earnings ratio (PE ratio) of -5.21.
This morning SHI shares opened at -
Posted at 01/10/2024 12:54 by ianio5691
The chart looks horrific!
Though accurately portrays the story, and root of the problem here, which is simply down to a succession of bad management.
It grew exponentially in the noughties through a wave of poorly thought out acquisitions.
They overpaid for countless businesses, chasing turnover and market share, consequently racking up a gigantic and unsustainable debt pile.
They then had similar businesses openly competing with each other within the same market sector!
Talk about cutting your own throat...
When the credit crunch hit, the spokes really flew off in every direction, and they really did throw the baby out with the bath water, with a fire sale of some of the jewel in the crown key asset businesses.
The subsequent move to open centralised mega-hub centres has been an absolute disaster, both logistically, financially and motivationally.
They then went through streamlining, and again threw numerous key people overboard, and sold more cash generative assets such as Air Handling.
Hilariously, they have recently tried to re-employ a lot of the people they made redundant or forced out, at vastly inflated wages!
Some shocking decisions - and a share price quite rightly in the doldrums.
Posted at 05/3/2024 07:48 by blackhorse23
Profit down , debt up , earnings per share loss 3.8p
Posted at 09/2/2024 10:49 by skinny
RBC starts SIG with 'sector perform' - price target 35 pence
Posted at 05/4/2023 07:19 by jc77777
Along with some other big institution buys last week hxxps://fintel.io/sob/gb/shi
Posted at 08/3/2023 19:39 by elongate
Investors’ Chronicle

SIG reports first profit in four years
Cash outflow stemmed as building products firm returns to profit
March 8, 2023
By Michael Fahy

UK interiors arm gains market share
Higher lease payments push up net debt
Insulation specialist SIG (SHI) is building layers of its own, making its first pre-tax profit in four years. 
SHI:LSE
SIG PLC
1mth
Today change
-4.88%
Price (GBP)
39.95
The group embarked on a ‘Return to Growth’ strategy three years ago. It tapped shareholders for £165mn to make investments in a business that had been starved of cash, and the strategy is finally starting to show results (if not yet pay dividends).
Like-for-like revenue grew by 17 per cent, driven by higher pricing. Its UK interiors arm, which provides more than a quarter of group revenue, returned to profit through “better pricing discipline and improving product mix”, allowing it to retake market share. 
It isn’t out of the woods yet, though. Although the group’s underlying operating margin improved, it still stands at just 2.9 per cent. New chief executive Gavin Slark, who recently joined from Grafton (GFTU), reiterated its medium-term aim of growing this to 5 per cent. 
It achieved positive free cash flow of £11mn (compared with a £124mn outflow in 2021) but net debt still rose by almost £80mn to £444mn, triggered by a £46.6mn increase in lease commitments.
Although improved earnings meant its leverage ratio eased to 2.8 times, from 3.2 times in the prior year, borrowing levels remain elevated. With the company forecasting “weaker demand conditions” this year as new housing and home improvement markets struggle, bringing it down further could prove tough. 
SIG’s shares trade at 13 times broker Liberum's earnings per share forecast of 2.9p, which is well below their five-year average. The bank’s analysts think there is “considerable upside” if the company meets its 5 per cent target, but the way the market is shaping up means that’s a big ‘if’. Hold.
Last IC View: Hold, 36p, 9 Aug 2022
Posted at 08/2/2023 16:34 by elongate
Numis set a target price of 40 GBX for the company, which when compared to the SIG plc share price of 38 GBX at opening today (08/02/2023) indicates a potential upside of 5.1%. Trading has ranged between 27 (52 week low) and 45 (52 week high) with an average of 993,898 shares exchanging hands daily. The market capitalisation at the time of writing is £446,628,158.
Posted at 22/10/2022 14:10 by elongate
Interims were positive looking forward. The price has drifted with the gloomy macro outlook. Shi has the benefit of being a recovery stock coming off a low base, and I am guessing that results may be better in it’s case than the market anticipates. In any event, it is a far better company now than when rescued, and trading currently at a similar price to back then.
Posted at 10/10/2022 14:49 by elongate
SIG BUILDING SOLUTIONS ENTERS SOLAR CAR PARKING STRUCTURE MARKET By Kenneth Booth. 10th. October 2022.

SIG Building Solutions has entered the solar car parking structure market with a range of designs developed to help private and public sector organisations with large parking facilities to capitalise on the opportunities the structures provide for generating solar energy and reducing their carbon footprint.
The move comes at a time when many organisations are seeking to reduce energy consumption in light of recent price increases which, coupled with an increased demand for EV charging points, means interest has never been greater.
Designed and manufactured in the UK from UK held steel stock, SIG Building Solutions’ solar car parking structures can be developed, manufactured and delivered in a matter of months, depending on planning approvals, working alongside solar system providers and principal contractors.
With £25 million worth of solar car parking structure projects already in the pipeline for SIG Building Solutions, including large commercial and industrial schemes, the business is well positioned to continue to meet the growing demand.
Guy Chilvers, SIG’s Solar PV business development manager, has spent ten years in the solar market, including five years specialising in solar car parking designs with involvement in projects such as Bentley Motors, Crewe, and Falkirk Council’s EV Hub, which has 200 parking spaces and was officially opened in September 2020.
He says, “With solar car parking structures, any organisation with a significant area of parking space, can generate power and save money.  Solar car parking structures provide real potential for saving on energy expenditure, for supporting EV charging points and for reducing your carbon footprint.  At the same time, the watertight canopies help to protect vehicles from the elements.  Our structures are designed to have a fully watertight canopy, guttering and cable containment.”
In 2017 SIG Building Solutions company Steadmans manufactured the steel framing for the Bentley Motors solar car parking structure in Crewe, which covers 1,200 car parking spaces and provides 25 per cent of the electricity demand for the factory.  Darren Hall, Steadman’s commercial director, said, “Having supplied the steelwork for the Bentley project we are excited to have re-entered the market using the latest technology.”
During 2022 SIG Building Solutions has developed a range of solar car parking structure designs for the commercial market with the aim of providing an ‘off-the-shelf’ solution at a price which will make car park solar even more viable.  The investment has resulted in unique structural designs that require less steel, so reducing the cost, and can be installed efficiently to minimise disruption to car parking during installation.
SIG offers a choice of canopies depending on clients’ requirements and on-site analysis.  The options are based around three main designs: a double gull wing design ideal for east/west facing panels giving maximum kWhs per space; a double mono version providing maximum area for south facing PV panels; and a single row structure allowing for three PV panels in portrait specifically designed for EV charge points.
To specify the most effective structure, SIG Building Solutions undertake a complete analysis of potential car parks, looking at location, shading, drainage and power requirements.  The location of the canopies within the car park and orientation of the PV solar panels is vital to generating power and obtaining a good return on investment, says Guy Chilvers.  Renders of the site are produced to support the quotation and these can be used for planning applications.
“Hospitals, schools, leisure centres, airports, office complexes, factories, shopping centres and railway station car parks – really the scope for generating solar power via a car parking structure is tremendous,” adds Guy Childers.

I have never heard of Steadmans, part of Building Solutions (national ) Ltd., which seems to be a subsidiary of Sig Building Solutions, which at one time was going to be sold to Kingspan. (Building Solutions (National) Limited (incorporating Steadmans, Trimform, United Roofing Products and Advancing Cladding)

So I trust I have this right on ownership?



hxxps://www.sigplc.com/~/media/Files/S/SIG-Corp/reports-and-presentations/2019/sig-plc-announcement-proposed-sale-of-building-solutions-final-07-10-19.pdf

hxxps://www.thebusinessdesk.com/yorkshire/news/2056373-proposed-37.5m-sale-of-building-materials-division-is-cancelled

hxxps://www.steadmans.co.uk/

hxxps://www.steadmans.co.uk/about-us-steadmans/
Posted at 09/9/2022 10:02 by elongate
Grafton loss, Shi gain.

Grafton shares tumble as chief executive Gavin Slark reveals exit plans after transformational tenure
* Gavin Slark joined the Dublin-based company from BSS Group 11 years ago
* Among the acquisitions he had overseen while in charge include Leyland SDM
* In recent years, Slark has helped lead Grafton through the Covid-19 pandemic
By HARRY WISE FOR THIS IS MONEY
PUBLISHED: 15:51, 4 July 2022 | UPDATED: 17:04,
Building materials supplier Grafton Group has announced that its boss will stand down at the end of the year after more than a decade in charge.
Gavin Slark joined the Dublin-based firm as chief executive in 2011 following a five-year spell holding the same position at plumbing and heating products distributor BSS Group, where he oversaw its £557.6million sale to Travis Perkins.
During his tenure at Grafton, he has steered the retailer through a dramatic transformation, making numerous acquisitions in the UK and overseas, such as stair contractor Stairbox and decorating retail brand Leyland SDM.
The company also transferred its primary stock market listing from the Irish capital to London, expanded into the Nordic region and sold off its traditional merchanting arm in Britain to Huws Gray.
In recent years, Slark has helped lead the firm through the Covid-19 pandemic, which initially caused some downturn in trade as a result of store closures across the British Isles before recovering very strongly as lockdown restrictions were loosened.
The Sunderland-born boss said the choice to leave was made 'with a heavy heart,' but added he was 'confident that this is the right time for a new CEO to lead the business as Grafton embarks on its next phase of growth and development.
'I remain very committed to the leadership of the business over the next six months and to working towards a smooth transition to my successor.'
Last year, Grafton posted its highest ever annual profits of £341.2million thanks to exceptional performances from its Northern Irish distribution business MacBlair, DIY brand Woodie's and Selco Builders Maintenance.
Alongside this, overall revenue climbed by around a quarter due to prices of building materials in its British Isles distribution segments being driven higher by supply chain disruption.
This happened in tandem with low interest rates, strong mortgage demand, and a temporary stamp duty holiday introduced by the UK Government in July 2020 boosting demand for property renovation and new housebuilding.
Trade has continued to be positive since then, with total revenue between 1 January and 17 April up 15 per cent from the equivalent period last year. The retailer has also announced a share buyback programme worth up to £100million. 
Chairman Michael Roney remarked that Slark 'has made an outstanding contribution to Grafton and provided exceptional leadership over the past eleven years.
Under his stewardship, the group has further extended its geographic footprint and has been transformed into a portfolio of higher quality and higher returning businesses with excellent market positions and strong growth prospects.'
Markets reacted negatively to news of his departure, with Grafton Group shares  tumbling 7.7 per cent to 721.6p on Monday, making it the second-biggest faller on the mid-cap FTSE 250 Index today.
AJ Bell investment director Russ Mould said: 'The sign of a well-respected business leader is when the share price sinks on news of their departure. That’s happened with Grafton after Gavin Slark handed in his notice after 11 years at the top. 
'He’s helped to sharpen the company’s focus and expand geographically, breathing some life into the business, and that’s why investors are disappointed he is now leaving.'
Posted at 16/9/2020 09:59 by johnhelme2704
its good financial planning noiseboy. They sold shares in their ISA in order to make room for their SHI shares..so they wont pay any capital gains tax if/ when SHI shares increase in value. I would argue its positive in that if they werent expecting a SHI share price increase they wouldnt bother...
Sig share price data is direct from the London Stock Exchange

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