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SHI

Sig Plc

38.80
0.95 (2.51%)
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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
Upgrade Icon
  0.95 2.51% 38.80 868,391 16:35:17
Bid Price Offer Price High Price Low Price Open Price
38.85 39.25 39.25 37.65 37.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Stone,clay,glass,concrete Pd 2,744.50 15.50 1.30 37.60 458.44
Last Trade Time Trade Type Trade Size Trade Price Currency
17:55:39 O 153,445 38.80 GBX
Related Shares
Compass (CPG), Experian (EXPN), Phsc (PHSC), Rtc (RTC)

Sig (SHI) Latest News

Sig News

Date Time Source Headline
04/5/202316:24ALNCNewsSIG holds full year guidance as rising prices offset drop in volumes
04/5/202314:32UKREGSIG PLC Result of AGM
04/5/202307:00UKREGSIG PLC Trading Update
31/3/202312:47UKREGSIG PLC Holding(s) in Company
27/3/202310:30UKREGSIG PLC Notice of AGM
13/3/202315:49UKREGSIG PLC Director/PDMR Shareholding
13/3/202315:39UKREGSIG PLC Director/PDMR Shareholding
13/3/202310:36UKREGSIG PLC Holding(s) in Company
09/3/202317:14ALNCNewsIN BRIEF: SIG Chief Executive Gavin Slark buys GBP350,000 in shares
09/3/202307:00UKREGSIG PLC Director/PDMR Shareholding

Sig (SHI) Discussions and Chat

Sig Forums and Chat

Date Time Title Posts
05/4/202315:31SIG plc - the best insulation from any market falls3,718
17/12/202114:55SHI -SIGplc, new CEO and board, a recovery stock for 2020235
21/9/202020:49SHI: A RECOVERY STORY!30
07/8/201819:21Fiddling 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
2023-06-08 16:55:4938.80153,44559,536.66O
2023-06-08 16:41:4438.271,269485.61O
2023-06-08 16:32:4438.4422,3388,586.95O
2023-06-08 16:23:1038.805,2142,023.03O
2023-06-08 16:08:3738.8023,2209,009.36O

Sig (SHI) Top Chat Posts

Top Posts
Posted at 05/4/2023 08:19 by jc77777
Along with some other big institution buys last week hxxps://fintel.io/sob/gb/shi
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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
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Posted at 08/2/2023 16:34 by elongate
https://www.directorstalkinterviews.com/sig-plc-5.1-potential-upside-indicated-by-numis/4121105041

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.
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Posted at 22/10/2022 15:10 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.
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Posted at 10/10/2022 15:49 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/
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Posted at 12/9/2022 16:24 by qsmeily456
Elongate connected party ramper beware.

Now let us see what the new CEO can do when he finally gets here with control and influence.

Shi needs a good shake up.

💩 national PR and leadership in this lifetime opportunity of renewables⁴ and insulation😭😭😭
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Posted at 09/9/2022 11:02 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.'
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Posted at 09/8/2022 10:19 by elongate
Summary

GROWTH STRATEGY BEARING FRUIT AT SIG
9 Aug 2022 Yorkshire Business

SIG has reported a strong set of interim results with the listed specialist building products distributor hailing the impact of its growth strategy.
In the six months to 30 June 2022, underlying revenue at SIG rose from £1.1bn to £1.4bn, driven by the effective implementation of the company's Return to Growth strategy as well as the inflationary tailwind.  
Profitability continued to improve in the half, with underlying operating profit of £42.5m, up from £13.9m, and statutory operating profit climbing from £8m to £39.8m.
After the period end in July, SIG swooped for the immediately accretive acquisitions of Miers Construction Products in UK and Thermodämm in Germany.
SIG launched its Return to Growth strategy two years ago in response to a period of share loss and profit decline that pre-dated Covid. The strategy was designed to return SIG to 3 per cent group operating margin in two to three years, with a longer term goal of 5 per cent.
The business said it was "delivering on our plan ahead of expectations", having transformed our customer engagement, market share, profitability, financing, leadership bench strength, industry reputation and commitment to sustainability.
Chief executive Steve Francis said: "SIG is a structurally different business to two years ago - more specialist, more local, more productive, more flexible. Over this time, we have delivered above market performance and enabled a rapid return to robust profitability, along with a rhythm of steady progress. The first half of 2022 in particular saw significantly stronger growth than originally planned, which resulted in margin improvement across our operations.
"SIG today is resilient, flexible and sustainable: 80per cent of our products serve the insulation and building energy efficiency markets. We are by far the largest independent supplier in Europe of these products, which are needed now more than ever.
"Our strong market position, growth strategy and decentralised model will continue to enable us to navigate the pricing environment well and drive market share gains.
"In addition, our scale, diversification and resilience in uncertain markets mean that we are confident both in delivering the board's expectations for the year and in our growth path to 5 per cent operating margin in the medium term."
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Posted at 04/8/2022 17:27 by elongate
I see this press release on the Shi website. Alfons Horns is managing director of Sig Germany and WeGo Systembaustoffe. ( Sig’s German trading subsidiary I believe )

Wego acquires Thermodämm GmbH
04 Aug 2022
Please join us in congratulating our team in Germany on this recent acquisition and welcoming our new colleagues to Wego.

Founded in 2002, Thermodämm has built up a successful business specialising in flooring, heating screeds, and insulation systems.
This is an important acquisition for Wego as it strengthens its national market leadership in floor systems and enhances its customer and partner networks.
Our Germany Managing Director, Alfons Horn, said: “We are very proud to have Thermodämm GmbH join Wego. We now have talented colleagues on board who share our vision to grow future product ranges in floor systems, and drive market development in sustainable products and practices. This includes low-energy floor heating systems, modern screed flooring techniques and the Pump truck technology, which enhances our coverage of this technique in the South of Germany and, underpins our national market leadership in flooring.”
If you would like to know more, please contact Caroline Kilian caroline.kilian@wego-vti.de
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Posted at 16/9/2020 10:59 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...
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