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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sigmaroc Plc | SRC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.40 | 0.64% | 63.20 | 16:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 62.20 | 62.00 | 63.60 | 63.20 | 62.80 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Top Posts |
|---|
Posted at 27/3/2024 07:32 by bigboyblue I find it reassuring that an AIM listed company does what it says it will do, when it says it will. |
Posted at 19/3/2024 14:15 by alter ego It is a mistake to categorise SRC as a "heavy building materials group". Yes, they supply limestone and concrete products but lime has enormous uses outside construction.Construction (commercial and domestic) accounts for 48% of revenues. The other 52% is lime use in industry and the environment. See page 28 of the annual report here for an extensive list of uses for SRC's products: |
Posted at 19/3/2024 13:35 by llef A friend tells me that IC's Simon Thompson has tipped SRC today.It's probably too big a stock now for him to influence it much tho. |
Posted at 22/2/2024 07:47 by worldwidet #src Looks interesting...SRC shows strength in a generally weak economic environment ... Management appears to be competent... if interest rates are lowered and the economy picks up SRC could benefit strongly in a new early cycle. I continue to watch... stronger pullbacks could provide opportunities. |
Posted at 24/1/2024 19:31 by worldwidet The managers seem to be doing their homework...In a broad market sell-off in the coming recession, I could imagine SRC being sold off again. But in a new economic cycle after a recession, SRC could be one of the big beneficiaries. Well managed and in a future-proof industry. Watch list My personal opinion. |
Posted at 07/1/2024 23:30 by aishah Good to see MOS cover SRC. But gone are the days when such coverage moved the stock higher. However it's a fantastic investment imo. Dyor |
Posted at 08/12/2023 08:55 by alter ego There was a very worthwhile presentation of the rationale of this acquisition on Investor Meet yesterday. A recording will be available soon. Main impression was this opportunity was a game changer that would not occur again. Gives SRC the scale to achieve significant "network effect" benefits. Also creates a group that is no1 or no2 in supply of lime and limestone in their market. Lime is a key product used in multiple aspects of modern life and demand will continue to grow. Not expecting to need to raise fresh capital anytime soon.Very accomplished performance by Max. Clearly knows his stuff inside out. |
Posted at 07/11/2023 17:57 by elsa7878 Not sure why you got a tick down as you are correct.However, they have reiterated their forecasts despite the rise in rates and oil prices. With oil now falling and rates to follow next year (with mortgage rates already dropping) then they should get something of a tailwind as 2024 progresses. I know residential property only accounts for 20% of turnover (8% in the UK from memory) but it was interesting to see Persimmon give a more upbeat view of the market today. Hence my smallish purchase. In the meantime the infrastructure and industrial, agricultural markets are keeping them on track to hit their targets. Net debt is £180 million, which is manageable when they are producing EBITDA of £110 million and their total available facilities are £405 million. The only comparable company is Breedon and while their share price has been bolstered by a recent buyer, it seems SRC is on an excessive valuation discount than is justified solely by applying an AIM discount and accounting for their relative debt/equity positions. They both reported like-for-like growth of 7% in their last updates (pricing increases > volumes) SRC. Editda forecast £110 million, Market cap £350 million. Net debt £180 million. PE 6. Breedon. Editda forecast £220 million (2 x interims), Market cap £1100 million. Net debt £170 million PE 11. |
Posted at 03/11/2023 11:28 by alter ego Hi elsa7878, I hold a fairly large chunk of SRC and believe the company has a bright future. Like you I think it is seriously undervalued too. Max is 40, not too young IMO and obviously on the ball so I have faith in his leadership. According to Yahoo:"Our information suggests that insiders maintain a significant holding in SigmaRoc plc. Insiders have a UK£20m stake in this UK£182m business. It is great to see insiders so invested in the business." I've been unable to verify that but do recall a lot of management buying at much higher prices. I suspect the main reasons for the lowly valuation is twofold. Firstly the market doesn't appreciate how agile SRC is at diverting its products to where demand remains good. It tends to think weakness in demand is uniform when it isn't. Secondly, there is concern that SRC are not conserving cash by pursuing acquisitions. It's clear to me that SRC are intent on the buy and build strategy that has got them this far and that they are opportunists seeking out financially distressed businesses that fit and will be earnings enhancing. I particularly like the ethics of the company and its forward thinking on adopting "green" technologies like carbon capture and recycling. Results will, IMO, vindicate them but make up you own mind. |
Posted at 18/10/2023 12:35 by sphere25 Very tough to convince this market.That statement would have been enough in the past to get the market rallying 10-20% (usually low 50's up toward that 60p mark) for at least a short term pop higher, even if it didn't hold and the price then fell back into a range. The price is struggling to break 50p now. Even when the buyers come in here for decent blocks at 50p (500k, 423k) or paying a premium to the offer buying at 51p (250k, 24k), it is still struggling to make any headway. Nice share to trade this, so always worth a watch to see if the buyers do step in bigger, but it looks unlikely right now. You don't want to sit here and be gloomy, but there are too many headwinds for any significant change in sentiment. It clearly isn't just here at SRC though. I was looking at MSLH today, and considering how beaten down the price was with the market probably expecting a further warning, the bulls came in early to pick up big blocks at 210p, 211p and 212p - it still wasn't enough with the market selling the price back down. It is currently sat 206.8p. Abicad came in at BREE earlier this month buying in size at 337p and 338p to take their holding up from 15.7% to 18%, with real stand out exchanges. The market didn't take any confidence from a buyer in size, barely batted an eye lid and sold the price down to 321p currently. The theme continues to be layered sellers in size at various price points. Even if you get enough exchanges in size to clear a particular price point for a pop higher, you bump into the next layered point not too far up, the price then either stalls or it eventually gets sold back down. Sentiment, fund flows, redemptions, rates - so much that we all know is feeding into this difficult environment. So many profit warnings and continued downgrades of late too: FORT - Revenue cut by 9% and profit by 25% SHI - EBIT to come in at £50m-£55m versus expectations of £65m BRCK- FY23 and FY24 EBITDA figures cut by respective amounts of 10% and 20% TPK - Operating profit now expected to be in the range of £175m to £195m versus expectations of £240m as per forecast as recent as August BDEV today hardly setting the world on fire too so it all feeds in. The market must be expecting continued downgrades considering the price action of the companies that warn and the ones like SRC that trade in line. Apparently only 20%-25% of the impact of rates has fed through. I don't know if that is the number, or how the smart bods work that out, but ultimately it is a tough ole slog right now and a waiting game. Things will turn at some point, but in the near term, most of the trading exchanges and price action continue to say the Bears are going to take some shifting. All imo DYOR |
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