Sigma Capital Share Discussion Threads

[shanklin] 30/9/2016 11:18

Just been discussing SGM with nurdin. SGM seems quite similar in approach to WJG but:
- targeting the private rental sector rather than students
- lacking somewhat, at least to date, in competence and honesty; I can see no reason for not putting out a trading statement a while back.

Think I'll stick with WJG.

All IMHO.

Cheers, Martin

[jc1546] 30/9/2016 11:16

Interesting SGM write up on Investors Champion (free but registration needed) - suggests still plenty to go after here given the deals in place and the wider macro trends regarding rental housingWe will just need to wait a little longer than previously envisaged to see it come to fruition!

[pj 1] 30/9/2016 11:08

imranawan has a very valid point, which is sadly not just relevant to SGM.

10/4/16 share price 99p we expect the Bus to make further encouraging progress over 2016

29/4/16 share price 93p Mrs Barnet Directors wife sells 300k shares (£297k)

No comments I can see on trading until today

No doubt the Directors regard results as 'encouraging progress', whereas so far today the Market does not (that could still change), but surely there should have been a trading statement within the 5 months to today? Even if they only had a , ridiculous to think of, quarterly Board meeting, then this would have been known.

The BoD certainly do not appear to have done themselves, or shareholders, any favours imo

[asagi] 30/9/2016 10:55

I have a 2017 EPS estimate of 12.8p, so that also looks like a downgrade also.

you are correct, my misreading of 2017 forecasts.

They knew about the delays so should have issued a TU before issuing Interim results.

I cannot argue with that. The company has come up short here.

Asagi (long SGM)

[imranawan] 30/9/2016 10:46

Asagi - where did you get the information that 2016 Forecasts have been halved from?

I agree the share price would have fallen further in the absence of the HCA announcement. I have a 2017 EPS estimate of 12.8p, so that also looks like a downgrade also.

I wouldn't describe it as a jam tomorrow stock either, but the results and outlook were disappointing. They knew about the delays so should have issued a TU before issuing Interim results.

[asagi] 30/9/2016 10:37

It looks as thought the 2016 FY forecast has been halved :-(.

There is a reputational issue to be handled here, both with partners and investors. It may be quite some time before the market is confident enough to rate this one over 100p.

But the volume picture remains the same, the houses will get built. The announcement of funding from HCA is significant and perhaps explains why shares have not fallen further today.

"opportunity for 30%+ capital returns... Our new agreement with the HCA, ... opportunity to materially enhance the profitability of our model ... We expect this expansion of our self-funded PRS activity to drive significantly greater value for shareholders."

it looks like forecasts for 2017 have been revised upwards to 11.9p.

I don't think that it is fair to describe Sigma as jam tomorrow. The company has already delivered much growth, demonstrated by the numbers in today's statement.

Asagi (long SGM)

[tsmith2] 30/9/2016 08:44

Jam jam jam...

[imranawan] 30/9/2016 08:42

Also out for a loss, although I expected the share price to be down even more at the open. They've not really quantified, the slippage and EPS estimates for 2016 and 2017 are likely to be materially downgraded, so based on this I can't see how it stacks up from a valuation perspective.

[petewy] 30/9/2016 08:39

David Sigsworth, Chairman of Sigma, said:

"We continued to make significant progress in our private rented sector strategy over the period.
However, we have delays in our managed and self-funded PRS activities as we scaled up our operations, which means that we are now materially rebasing management expectations in the near term.

Nevertheless, we have put in place the building blocks for a significantly bigger business. Our new agreement with the HCA, announced today, provides us with the opportunity to materially enhance the profitability of our model by accelerating the delivery of our own self-funded PRS assets. We expect this expansion of our self-funded PRS activity to drive significantly greater value for shareholders.

We will continue to build on our position as a leading participant in the private rented sector and we view the Group's prospects going forward positively."

[nurdin] 30/9/2016 08:29

Severe profit warning.These guys have been talking hot air for a long time I now realise.I am out at a hefty loss.

[pj 1] 30/9/2016 08:21

Only had a quick read on mobile and unsure what to make of it at the mo, surprised at such a early mark down so Im going to read it properly later and wait a couple of days

[asagi] 29/9/2016 11:20

nurdin, I have also been given the same steer.

Asagi (long SGM)

[nurdin] 29/9/2016 10:29

Interims 'end of the month' I have been told.So most likely Monday

[harry vederci] 21/9/2016 12:38

interims? must be imminent



Aim-listed Sigma Capital is working with a Kuwaiti investment bank and other investors to build 10,000 rental homes in the next five years, including traditional family homes in the north of England. It aims to create a £1bn portfolio.

[qackers] 19/8/2016 14:35

Ive got this as a long term tuck away. Looks to be going in the right direction imo.
I do like company reports containing the phrase“significantly ahead”.

I am guessing its off most peoples radar.

[johnmcd51] 19/8/2016 14:24

Yep Nurdin and Qackers, see Google Finance chart, it's still there for Aug 17th, to be honest this stock gets updates on a random basis on GF

[qackers] 19/8/2016 13:11

mistake or someone got mugged. Trades going through in 80's. SURPRISED IT WASNT CANCELLED

[nurdin] 19/8/2016 13:11

Probably no one else saw that share price drop you refer to.

Hoping for some kind of update from the company soon.

[johnmcd51] 18/8/2016 12:55

That was a scary chart on Google Finance yesterday, the share price dropped 80% to 16p, what happened anyone know???

[celeritas] 12/8/2016 11:46

nurdin, it could do with some results to show exactly who gets what from these partnerships. I'd like to see some figures on recurring revenue from rents.

[nurdin] 12/8/2016 11:30

Yes it is a bit frustrating that there is little news rom the company.Will have to contact them

[celeritas] 12/8/2016 11:20

Whats going on with this stock, I guess nobody including me understands it. Plenty of stock on offer below mid.

[buffythebuffoon] 29/6/2016 21:58

The wild Bactrian camel is in danger of extinction. It's all down to Brexit apparently.

What? It's got nothing to do with Brexit?

Must be the only thing that isn't.


Buffy