Sigmaroc Share Discussion Threads

[clocktower] 17/6/2022 09:41

If the war does not expand, I expect this to bounce back to £1+ before the years out. DYOR

Well run business in all the right locations.

[masurenguy] 17/6/2022 09:02

johnrxx99 - I have no axe to grind here since I took profits after reducing my position by 90% at an average price of 82p back in March. I still view SRC as having considerable future potential, which is why I have retained a 10% holding, but not until we see the green shoots of a broader market recovery and a change in the Russia/Ukraine scenario that has created negative sentiment on Nordkalk.

[johnrxx99] 16/6/2022 09:15

Sorry Mas but reality is what we have at the moment. 4% IR's early next year so they say, recession, who knows but VIX and all that don't look good for anything at present.

Anyway, I'll shut up now:-)

[masurenguy] 15/6/2022 15:46

Ongoing strong demand for new houses should benefit SRC but the recent weakness is probably due to the proximity of Nordkalk, with production active in Poland and Finland, who are right on the Russian and Belarus border with the ongoing war in the Ukraine.

Demand for new-build homes is sky-high

Demand for new-build homes is getting stronger despite the prospect of a looming recession, two of Britain’s biggest housebuilders have said, lifting shares across the sector. Allaying any concerns that interest rate rises and the cost-of-living crisis might be sapping people’s confidence to move home, Crest Nicholson and Bellway have seen sales rates improve in recent weeks and months. Their upbeat tone gave a much-needed lift to the wider housebuilding sector, which has come under pressure this year from a combination of cladding costs and worries that a gloomy economic backdrop would lead to a slowdown in the property market.

Buyers, frustrated by the dearth of second-hand homes up for sale, have turned to the new-build market. Crest’s order book has swelled to £815m — £125m than at this point a year ago — and Bellway’s order book has grown by 27% the past year to £2.4bn. The developers are struggling to keep up with demand, according to Peter Truscott, Crest’s chief executive, who bemoaned the “slow and inefficient” planning system for delaying new sites.

[johnrxx99] 10/6/2022 09:51

But with rising IR's, market doesn't like that debt.

[masurenguy] 10/6/2022 09:17

SRC has now declined by circa 42% from its ATH last September. It is also almost 25% below the placing price @85p in July last year to fund the acquisition of Nordkalk !

[wanttowin] 27/5/2022 09:50

I understand these went down well at Mello, let's hope it kickstarts us back in the right direction.

[melloteam] 15/5/2022 22:15

Mello2022, the popular three-day Investor event takes place on 24TH-26TH MAY at the Clayton Hotel & Conference Centre, Chiswick, W4. The breakdown of the three days is as follows:

Tuesday 24th May, 9am - 6pm - Mello Investment Trusts and Funds (WE ARE GIVING AWAY 20 FREE TICKETS TO THE TRUST AND FUNDS EVENT - THE FREE CODE IS FIRST20TF)

Wednesday 25th & Thursday 26th May, 9am - 6pm - Smaller Growth and Mid-Cap Companies

Just to let shareholders and prospective investors know that SIGMAROC will be among the 60+ LSE Small Cap and AIM listed companies attending. There will also be keynote speakers such as Lord John Lee, Andy Brough, Rosemary Banyard, Clarke Carlisle and Gervais Williams.

Tickets for 1 day are £115 and tickets for 2 days are £189. To get 50% off, use code MMTADVFN50.

For more information, please visit the event webpage:

[arregius] 10/5/2022 11:41

We are pleased to welcome the RightCast team into SigmaRoc's Precast Products Group (PPG), following the recent acquisition of the business.RightCast are a leading precast company specialising in the design, manufacture, supply and installation of bespoke precast concrete products based in Yorkshire and serving customers nationally.The company offers a product offering and location that will fit perfectly within PPG and offers great synergies with companies within the Group. Production capacity will be increased with immediate effect by way of an additional production shed being used at our Poundfield Precast facility in Ipswich.

[value viper] 06/5/2022 19:10

Possibly indeed - chart (like many now) not great. Time will tell. Raised at 85p to buy Nordkalk of course.

[clocktower] 06/5/2022 15:03

The trend is down even further imo and with the troubles in the East, this could be impacted seriously if the war expands.

50p now back on the cards for me to take a punt again.

[value viper] 06/5/2022 10:42

Couldn't resist more at 65 - although it does seem someone continuing to sell

[hsduk101] 06/5/2022 09:04

Wasnt expecting this to drop below 70p. Was hoping that would be its lowest threshold

[value viper] 06/5/2022 08:55

I like it fundamentally very much - risks are Russia and their assets in Europe - not to mention general sentiment which is becoming increasingly negative - hhmm - it's falling knives everywhere right now ...

[wanttowin] 06/5/2022 08:51

Fall looks overdone after good results..it wasn't so long ago Directors were buying at circa 98p. opportunity to add or enter ?

[arregius] 04/5/2022 09:07

https://rightcastltd.com/New add to precast products group

[clocktower] 03/5/2022 15:34

If major holders start trimming, I guess it will soon be back to 70p or less.

[hsduk101] 29/4/2022 09:17

That's more good news. A nominated advisor for me gives it solid foundation in the market

[arregius] 29/4/2022 06:17

https://liberum.com/news/sigmaroc_2022-04-27/

[twirl] 26/4/2022 16:33

Very disappointing market reaction to a very positive trading update. Why?

I have been out for a while and annoyed that, as it appeared to me at the time, SRC would be punished for buying Nordalk, when I had previously had high hopes for my investment.

Depending on ones view of Putin contagion to neighbouring states this IMHO is tarnishing a good growth company.

I do keep an eye here but until there is clearer resolution on this matter I will remain a bystander.

Good luck to holders.

[arregius] 26/4/2022 07:30

"We are continuing to progress a number of strategic growth initiatives across the business and remain agile and responsive to the volatile backdrop. We approach the remainder of 2022 with confidence."That would be on top of the pie

[clocktower] 26/4/2022 07:11

A very positive statement and figures that are ahead of my expectations, so well done to the management.

The highlight is the extra limestone recourses which adds considerable value,

[arregius] 08/4/2022 07:14

https://twitter.com/arregius/status/1512003413663526923?s=21&t=qB0IRYVqwbO8yBNjxzyaBwVisit to Nordkalk in Finland

[hsduk101] 29/3/2022 17:31

Good to see it in Investors Chronicle.

They classify it as a Buy

Here is there summary:

"However, despite management’s undoubted success, SigmaRoc’s share price has shed a quarter of its value in the past 10 weeks and now trades on a modest 2022 price/earnings (PE) ratio of 10.5 and 6.6 times enterprise valuation to forward cash profit. That rating implies a collapse in customer demand that is at odds with both the order book and construction industry activity. Buy."