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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 202.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
20/7/2019 05:49 | Another one approved | riddlerone | |
13/5/2019 11:09 | Chairman Buys 45k at £1.11. | red ninja | |
29/4/2019 07:25 | 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 | |
29/4/2019 06:39 | Looks great to me....reservation over what 'resetting its expectations' means but overall, looks promising | molatovkid | |
27/4/2019 12:52 | Results Monday or Tuesday? | busterdog2 | |
15/4/2019 06:15 | This will probably be on here shortly | riddlerone | |
12/3/2019 14:17 | a good analysis bigjohn7, thanks for sharing. Asagi (long SGM) | asagi | |
12/3/2019 11:21 | 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 | bigjohn7 | |
01/3/2019 17:21 | 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 | chinwagger | |
01/3/2019 15:25 | 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 | smithers1 | |
14/12/2018 15:26 | And then you’ll end up paying more for them. Hopefully! And I don’t mean to be unkind there. | busterdog2 | |
14/12/2018 07:53 | Wait for the raise to be done then buy some is my plan. | donald tramp | |
15/10/2018 10:13 | 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://www.property | smithers1 | |
25/9/2018 15:51 | 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. | busterdog2 | |
25/9/2018 07:55 | 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 | |
20/6/2018 10:28 | Well that's two of us I guess.... Investors Champion opinion..... | busterdog2 | |
20/6/2018 08:55 | 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 |
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