Sigmaroc Share Discussion Threads

[shanklin] 08/3/2021 10:24

As per

"The Board believes that the Placing will enable it to achieve these objectives, with the net proceeds expected to be deployed in full by the end of Q1 2021 whilst retaining pro-forma leverage at below 2.0x, in line with its committed target."

[arregius] 08/3/2021 10:11

Buys coming. Anyone knowing acquisition coming soon?

[haywards26] 05/3/2021 14:26

This is my largest holding and I fully expect to see £1+ in 2021!

[basem1] 05/3/2021 14:23

Showed good strength despite all the selling this week

[clocktower] 05/3/2021 11:31

Still worth topping up on the slight weakness and profit taking imo.

Plenty of long term upside.

[18bt] 18/2/2021 07:27

Welcome China. Well run and well positioned company still undervalued IMHO.

[chinahere] 17/2/2021 21:48

Just stumbled across this. Looks to be an interesting idea - pit yourself between family builders and national ones. The CEO looks very driven and sparky - even if worryingly he has no smiles.

Hello all and I will do some more research.

[speny] 11/2/2021 14:57

I'll be looking more for at least £2+ within 2-3 years here. If you take Marshalls as an example their revenue is estimated at being £500m this year with profit of approx £44m and they are valued at £1.3bn. SRC are currently valued at £190m with estimated revenue of £142m for the year and profit of £13m, which they could well beat, so do Marshalls warrant a MCap of almost 7x SRC? Marshalls are also currently down 25% from where they were at the start of last year, so they would had been valued at about £1.7bn January 2020.

[bagpuss67] 11/2/2021 09:45

Nice business. Topped up today. Hoping for £1 plus.

[mfhmfh] 11/2/2021 09:38

innovative technology which looks like it can be applied to other products.

government pressure on the industry to reduce carbon footprint - 'strong interest from several leading national building materials merchants'.

SRC can also probably sell these products at a more premium price.

All IMHO.

[af004] 11/2/2021 08:22

Excellent news. Well run company.

[masurenguy] 11/2/2021 07:48

Exciting new concrete block development, which should strongly enhance SigmaRoc's competitive position in the construction market especially as further sizes and specifications become available.

Launch of UK's First Cement Free Ultra-low Carbon Concrete Building Block
11 February 2021.

SigmaRoc, is pleased to announce the launch of the UK's first Cement Free Ultra-low Carbon Concrete Building Block under a new brand, Greenbloc. Concrete blocks are used extensively in the construction of real estate and infrastructure across all sectors. SigmaRoc's new Greenbloc range materially reduces the carbon footprint of these blocks when compared to a traditional product.

Greenbloc is completely cement free, making it unique in the UK market and provides on average a significant net reduction in embodied CO(2) ('eCO(2) ') of 77% per concrete block, resulting in the following specific decreases:
-- an average reduction of 1.1kg of eCO(2) per concrete block;
-- an average reduction of 2.7 tonnes of eCO(2) per average semi-detached house;
-- these average reductions are equivalent to the CO(2) emitted by an average household's electricity consumption for four years.

The product is produced by SigmaRoc's PPG platform at its various production facilities. Following extensive research and development and initial trials throughout 2020, the product has been well received by the market with strong interest from several leading national building materials merchants. Further sizes and specifications of concrete building blocks will be released over the next weeks and months, extending the Greenbloc range.

SigmaRoc is committed to enhancing sustainability and reducing environmental impact in the construction sector and will continue to develop its sustainable product range with the aim to offer a low-carbon alternative to each of the concrete products it manufactures. As more products pass the testing and trialling phase, we will update the market on their specifications and commercial potential.

Max Vermorken, CEO of SigmaRoc, commented:"Our Greenbloc range and brand is the brainchild of our innovation and technical teams. It addresses a key challenge in the building products industry, the embodied CO(2) in one of the most widely used building materials: the concrete block. Greenbloc is only the start of a range of sustainable alternatives to our product offering as we Invest, Improve, Integrate and Innovate."

[mfhmfh] 08/2/2021 10:46

ST new target price of 85p.

[greg the grinch] 04/2/2021 14:05

PH loading up?

I think we have a seller but this news will cause some buying and then they will be out of the way and SRC will go significantly higher - I reckon we should get to 100p by the summer - this is a great steady share to hold as a foundation to a portfolio.

100p+ if the market realises the quality of the management and growth prospects + acquisitions.

GLA

[broncowarrior] 04/2/2021 14:03

Could be a dividend in the near future?

[tvh123] 04/2/2021 08:27

Peel Hunt had only just upgraded FY20 forecasts again in December which have been comfortably beaten - terrific performance

[masurenguy] 04/2/2021 07:43

Great year end trading update. SRC firing on all cylinders !

Trading update

The Company is pleased to announce that the strong trading performance set out in its update of 9 December 2020, continued through the end of financial year. As a result, SigmaRoc expects to report final results ahead of current market expectations, with consolidated unaudited Group revenues of approximately £124 million, representing a 77% increase on the previous year, and EBITDA of approximately £23.8 million, representing a 64% increase on the previous year.

Continued focus on cash management, together with the positive trading momentum, resulted in good operational cash generation for the year, with adjusted leverage(1) at 31 December 2020 of 1.7x . The Group's year-end cash position was £27.4 million, benefitting from the net proceeds from the equity raise in December 2020 of approximately £12 million.

The Group saw encouraging market conditions in the latter part of 2020 across all of its businesses, with particularly strong demand for its RMI and infrastructure products which have continued into the early part of 2021. To date in the new year, all of the Group's sites remain operational bar the sites at Les Vardes and Monmains which are closed temporarily in line with the imposition of a brief lockdown in Guernsey. Financially the Group remains on target and operationally the Group continues to maintain robust and comprehensive safe working procedures which have resulted in good production volumes across all sites in January.

The enhanced platform for the Group created in 2020 provides a strong base for further progress in 2021. The Board is encouraged by governmental support to keep the construction sector open, but remains mindful of the continued risk and uncertainty posed by the pandemic, with both trading conditions and cash collection monitored systematically on a site by site basis.

Max Vermorken, CEO of SigmaRoc, commented:"Despite a very challenging backdrop we were able to deliver excellent financial results and continued strategic progress in 2020, thanks to nearly 1,000 dedicated colleagues, a good business model and the support of our shareholders. Whilst we remain mindful of the backdrop, we have started 2021 well, with progress on all fronts, be it trading, acquisitions, development of our footprint or the continued operational response to COVID-19. Our confidence in the longer term prospects for the Group remains very high and we look forward to taking further positive steps in our development this year."

[mark1000] 27/1/2021 01:14

Sorry I may have confused you putting scree down rather than screed have now corrected. Screed is a flooring finnish it contains concrete but is a liquid type material used to repair and create flooring surfaces. The general point I was trying to make is Brexit will I believe bring opportunities for more construction materials currently manufactured in the EEC to be manufactured here.

[twirl] 26/1/2021 14:03

Mark1000> I am not well informed of material supply but the news link below shows we use GDH

[mark1000] 26/1/2021 13:47

If the directors / employees ever read this forum could I say quality screed is currently bought in from Europe mainly I think Germany and Austria could do with a high quality UK source Brexit has highlighted/magnified the problem with a current shortage in the UK. Some UK producers but not the same quality.

[masurenguy] 09/1/2021 08:44

More good news for SRC !

"Barratt Developments sold 9,077 properties in the six months to the end of December, its highest volume for the period and an increase from 8,314 last year. Barratt has already sold more than 90% of the homes it expects to complete in the year to the end of June. It has forecast completing between 15,250 and 15,750 homes, excluding joint ventures. The company had an order book of 13,588 homes valued at £3.2bn at the end of last month, up from 11,885 homes valued at £2.7bn a year ago."
The Times, 9/1/21

[mfhmfh] 05/1/2021 13:03

ST has increased his target price to 80p today.

[arregius] 31/12/2020 12:56

Sellers will prove to be wrong