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Share Name Share Symbol Market Type Share ISIN Share Description
Sigma Capital 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
  +0.00p +0.00% 106.50p 103.00p 110.00p 106.50p 106.50p 106.50p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Nonequity Investment Instruments 4.4 4.1 4.2 25.7 95.20

Sigma Capital Share Discussion Threads

Showing 701 to 725 of 725 messages
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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
Sigma Capital Group kicks off 2019 with another positive announcement. It's looking good for this innovative developer of rental homes. New research out from Investor's Champion
And then you’ll end up paying more for them. Hopefully! And I don’t mean to be unkind there.
Wait for the raise to be done then buy some is my plan.
donald tramp
Very positive outlook on earnings - the PRS REIT is planned to raise another £250m at the end of 2018 as it continues to grow which should feed through to greater fees for Sigma: hxxps://
Fantastic results and tremendous growth prospects. Our latest commentary on our website assesses the results.
Yep, a lot to like, as safe as houses, growing profits and a divi next year. Hopefully they will get a buy recommendation or two.
Extremely good interim results today, worth taking a look, plus a promise of a progressive dividend policy starting with the year end results. Yet still under the radar!
ivor hunch
Sigma has announced the letting of its 2,000th home for the private rented sector. Investor’s Champion reports on Sigma and Mortgage Advice Bureau: positive tales from two dynamos from the property world.
Well that's two of us I guess.... Investors Champion opinion.....
It's surprisingly quiet on this board despite the near doubling of the share price since last September. SGM has huge potential and is listed under 'Great Revenue Expectations' in a recent Investors Chronicle article.
ivor hunch
Graham Neary's interview with Sigma's CEO Graham Barnet
The dividend you are referring to was for shareholders in the PRS Reit, not Sigma Capital shareholders.
John, just checked my account. No dividend received either
Sorry predictive text, scrub grandchildren from above, no sign of divi
Dividends On 31 January 2018, the Board was pleased to declare a maiden dividend of 1.5p per ordinary share for the period to 31 December 2017. The dividend was paid as an ordinary UK dividend on 16 March 2018 to shareholders on the register as at 16 February 2018. As previously reported, the Company is targeting a total dividend of 5.0p per ordinary share for the period ending 30 June 2018, and 5.0p per ordinary share for the year from 1 July 2018 to 30 June 2019. The stabilised dividend yield target is 6% or more per annum and net total shareholder returns of 10% or more per annum are being targeted post stabilisation, based on the IPO issue price of 100p per share. The above was in the rns18 ,march, I have been a holder foratleast2 years grandchildren any sign of the maiden interim dividend, anyone else, or have I missed something big?
Sigma’s full year results highlight a remarkable year – it’s worth to keep following this one! New big research note on our website.
Good to see a few buyers coming in. The House broker forecasts for the financial year ending December 2018 remain for revenue of £16.7m, adjusted pre-tax profit of £14.1m and adjusted Eps of 13.2p. For 2019 estimates are currently for revenue of £20.3m, adjusted pre-tax profit of £17.7m and adjusted Eps of 16.6p. Assuming a P/E of 15 that would give a share price of £1.90 and £2.40 for 2018 and 2019 respectively. Given the nature of the business and their visibility of earning the rating could well be more. All looking good imo.
Acquisition of three PRS development sites supports PRS REIT. The three sites are expected to deliver an additional 214 new rental homes at a total gross development cost of approx. £31.0m. More details on our website. Results for the year ending Dec 2017 are due out this week.
Results this week? From the 10th January update... The Board expects to announce full year results in April when a further update on current trading will also be provided.
Almost 800k of buys at 120p this afternoon! No wonder I couldn’t buy online.
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