Share Name Share Symbol Market Type Share ISIN Share Description
Sigma Capital Group Plc LSE:SGM London Ordinary Share GB0004225073 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50p -1.42% 104.50p 101.00p 108.00p 104.50p 104.50p 104.50p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 12.5 12.2 12.7 8.3 93

Sigma Capital Share Discussion Threads

Showing 726 to 749 of 750 messages
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The number of house completions for PRSR is set to rise significantly over the new financial year. Coutryside who are building 5000 houses for Sigma/PRSR have completed their off site timber frame construction factory. The build time from foundation to completion is set fall from 13 days to 10 days. It has been a slow start, but now the acceleration starts, next year Countryside say they will significantly increase the number of houses being built for Sigma Capital.
In the interests of transparency are Investors Champion paid by Sigma Capital to produce these reports? and/or do you have any business relationship with Sigma?
Sigma Capital has agreed terms for a major new collaboration agreement with Springfield Properties, a leading housebuilder in Scotland. Sigma's current valuation continues to look modest for a business with such reliability of earnings and evident growth prospects in a supportive market. New commentary here hxxps://
Dubious. If the COO was retiring why not simply say so in the announcement and give a sensible and transitional notice period which he surely was contracted to. Instead investors have been left to second guess particularly given the COO left "with immediate effect". Throw in the PRS REIT share price currently down to 86p with multiple sells in blocks of 100,000 - 250,000 over the last few weeks, with the trend continuing post the Sigma trading update which focused heavily on the PRS REIT. That is clearly institutional money which is concerning given most will have participated in the launch and second equity raise at £1.00 & £1.025 respectively so worrying that some chunky current paper losses are being crystallised, with funds reinvested elsewhere. Given Sigma currently derives the majority of its revenue from the PRS REIT, the current performance of the PRS REIT must surely be a concern to BOTH prs reit AND Sigma shareholders. Equally as investment advisor to the PRS REIT, the performance of the PRS REIT will undoubtedly impact Sigma's ability to generate other business in a similar role and hence increase assets under management. There is always the risk were the REIT's performance to deteriorate further, that Sigma's role as IA may be retendered after the initial 5 years. Half of Sigma's development management fees derived from the PRS REIT are tied up in PRS REIT stock which is falling. Perhaps I am being too pessimistic and the PRS REIT's performance will improve and/or Sigma will broaden its revenue generation through new opportunities over and above the PRS REIT but one can only value what is observable not what may or may not transpire in the future and on that basis I would agree with other investors below that Sigma remains overvalued
COO Hogg soon 55 a good age to semi-retire, he was a founder member when selling his Inpartnership to Sigma. His leaving will increase Sigma's earnings around 9% next year when others absorb his duties. In hindsight his salary was too high as a percentage of Sigma's profits.
A general election with the Labour party somehow winning is the biggest problem for sgm.
Notwithstanding other opportunities, Sigma already has the attraction of steady recurring management fees and rental income from its portfolio of owned assets. The current valuation looks modest for a business with seemingly such reliability of earnings and evident growth prospects in a supportive market. In depth commentary here hxxps://
a good summary, JBrown1952. The departure of the COO at no notice with no explanation deterred me from buying more. Asagi (long SGM)
Chief operating officer leaves Sigma Capital with immediate effect. No explanation given. A significant figure within the company with total remuneration of £886K (including realised carried interests) in 2018 according to the latest annual report, second only to the chief exec who received £1,098,000. Both figures excessive given the size and profitability of the company. To give context as to the importance of the COO, the next highest paid director received £315K in 2018. The immediacy of the departure and absence of any explanation is cause for concern. No sign of a further equity raise within the PRS REIT to which Sigma is investment adviser. Chief exec's statement to Property Week in Oct 2018 of a further £250m due to be raised in Jan 2019 now looks at best misguided. The last fundraise of £250m in Feb 2018 at £1.025 makes it now challenging to raise again given the current PRS REIT share price of 88p. Without a further raise and the associated fee generation for Sigma, notwithstanding the ongoing downward pressure on the share price, the company remains overvalued. No progress announced as yet with the £30m Scottish debt facility signed in April this year. A curious time to enter the Scottish market with rent caps having been introduced by the SNP. When combined with the £45m HCA debt facility, £75m of available debt raises concerns over the potential to leverage the business at what many view as the latter stages of the current cycle. The unexplained nature of the COO's immediate departure when considered with the above leave one feeling unnerved. Awaiting further trading updates from Sigma and the PRS REIT with interest.
Another one approved Https://
The PRS REIT, to whom private rented sector specialist Sigma Capital acts as Investment Adviser, has issued a reassuring update for the final three months of its financial year - it all bodes well for high performing Sigma Capital. New commentary here hxxps://
Sigma completes 1,000th home for PRS REIT. The future looks bright for Sigma, a business supporting a largely neglected and growing part of the UK’s overall property rental market. New commentary here hxxps://
Chairman Buys 45k at £1.11.
red ninja
Excellent results and new Scottish PRS Fund. Sigma has the attraction of steady recurring management fees and rental income from its portfolio of owned assets. New commentary here hxxps://
Well I'm still waiting to buy, so far the plan is working a treat, they were 130p when I first started watching these.
donald tramp
Looks great to me....reservation over what 'resetting its expectations' means but overall, looks promising
Results Monday or Tuesday?
This will probably be on here shortly Https://
a good analysis bigjohn7, thanks for sharing. Asagi (long SGM)
Disappointing trading update from the PRS REIT and Sigma. Target dividend reduced with expected stabilisation now in FY 2022. Warnings tend to come in three's and hopefully this is not the start of a more significant reduction in target dividend which could undermine Sigma's credibility as Investment Adviser. Perhaps more concerning from a Sigma perspective is the current equity and debt of £900m is now not set to be fully deployed until FY 2022 which suggests the PRS REIT will not be raising more equity for some time with consequentl effect on Sigma fee generation. Restatement of £900m "comitted" but a noticeable absence of how much capital has actually been deployed to date. Cannot see PRS REIT raising more equity until the current £900m is close to fully deployed for obvious cash drag reasons
Smithers those are some interesting points. I think the recent slide in share price might be more to do with profit downgrades against forecast. I’ve been keeping an eye on this company for just over a year now and was all set to take a small position as they are operating in what appears to be an attractive sector with a lot of political support behind it, most notably Homes England. As far as I can see up to June last year the market forecast Sigma had put out for 2018 remained at revenue of £16.7m and adjusted pre-tax profit of £14.1m courtesy of busterdogs earlier post ( I can’t find anything beyond this. On 8th Jan this year Sigma then issued a trading update stating pre-tax profit for 2018 would be “slightly ahead of current market forecasts. Profit before tax is expected to be approximately £12.4m (a year-on-year increase of 205%) on revenue of approximately £12.5m.” I am at a loss as to how actual pre-tax profit and revenues are below forecast and yet the trading statement is stating AHEAD of market forecasts. Perhaps someone could share any updated forecasts that were issued in between to shed some light as I must have missed something here? The obvious other concern is revenue was down 25% from the original 2018 forecast but profit down only 12% and I would hope to see some clarification given in the full year results when they are published at the end of April. The company appears to have done fantastically well over the last few years culminating in the launch of the REIT. Pre-tax profit of £12.4m is impressive given Sigma’s historic profits were some way below this but from previous experience I am always cautious where companies under-perform their own forecasts, particularly where there is an as yet unexplained divergence between profits and revenue. I won’t be investing until I get some clarity around the concerns noted and agree with Smithers some certainty around whether the PRS REIT will raise again is also essential
A lot of pressure on Sigma share price. Some big sells today and over the last few weeks. Currently down from a high of £1.49 to today’s price and falling. Stock Exchange stating bid offer of £1.14 - £1.20 but on checking with broker to buy I am being quoted £1.16 not £1.20 so suspect there is still a big seller out there and this slide may have further to run. Into March with no announcement re a further equity raise in the PRS REIT which could be the driver – Property Week article from Oct 18 with Sigma Chief Exec had suggested a further £250m raise in Dec 18 which has yet to materialise.... Potential concerns around the speed of equity deployment within the REIT (notwithstanding the positive Jan announcement of £900m committed) and consequential impacts of slower than envisaged deployment of equity on ability of the REIT to hit targeted returns. Hard to read too much into it at this stage but wondering if this may have bearing on when and if PRS REIT raises anymore equity? Without a further raise and the associated fees that would generate for Sigma it is hard to support the current share price given significant proportion of fees generated in 2018 were one off from development management fees as REIT equity deployed as opposed to recurring revenue. That said, if the REIT raises more equity that would be extremely positive for Sigma. One to monitor over the next few months
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