Sigmaroc Share Discussion Threads

[twirl] 20/10/2022 07:28

Yes an update inconsistent with the market view that should re rate away from low share price levels.

Pl to have loaded up at 40 in the last month.

[hsduk101] 20/10/2022 07:24

Not bad,there finding ways to increase revenue in what was a difficult quarter.

Good cash generation and de-gearing is good to hear

[masurenguy] 20/10/2022 07:12

Thanks Simon, for the Insider Ideas summary above. A solid Q3 update.

Q3 Trading Update

SigmaRoc (AIM: SRC), the quarried materials group, is pleased to update the market on its performance for the nine months ended 30 September 2022 (the 'Period'):

- Revenue for the Period of £394m, up 19% on a like-for-like basis over the same period in 2021;

- Underlying EBITDA for the Period of £77m, up 5% on a like-for-like basis over 2021;

- EBITDA margin of 19.5%, ahead of management's expectations, with effective pricing action and ongoing efficiency initiatives mitigating the current inflationary environment;

- Good cash generation for the Period with focus on de-gearing through to 31 December 2022

- The Board is confident in delivering the Group's FY22 expectations while remaining mindful of current macro-economic uncertainty and the potential for further unforeseen adverse events.

While only early into the final quarter, electricity prices in Q4 have been relatively low across the Nordic region, with the Group taking advantage by maximising production. The Group has good hedging in place for the remainder of 2022 and through 2023, with hedging levels for electricity across the Nordics at the upper limit of the Group's hedging mandate and at prices which, while on average higher than 2022, can be managed via relatively modest sales pricing adjustments.

Max Vermorken, CEO, commented:"Every quarter this year has been challenging and Q3 was no different. However, the Group's unique structure, decentralised operating model and diversified end markets have allowed it to be agile in the face of these challenges. As a result, we remain on track to deliver our expectations for this year and retain solid and broadly based order books across the Group.

[simon gordon] 19/10/2022 14:57

Insider Ideas - 19/10/22:

Sigmaroc - buy and build in quarry/aggregates sector. Local monopoly qualities should allow stable margin and inflation protected returns in LT.

[arregius] 18/10/2022 09:48

Markets... same company as per last week

[masurenguy] 17/10/2022 16:33

Bought back in at a modest level this afternoon.

[otemple3] 17/10/2022 14:40

Agree, for the 1st time in ages it's feels like we may have bottomed out

[clocktower] 17/10/2022 14:30

Regrettably not due to my location otemple3 but it's good to see the surge on volume taking place.

[otemple3] 17/10/2022 13:53

Clock, are you going? If not is anyone else? I would usually attend but typically it is the 1st day this year I am away with work so am in Manchester ?

[clocktower] 17/10/2022 12:21

otemple3, I am with you on that one but even if there is nothing exciting to flag, this is a well run business and the shares are oversold - What is really interesting is as the update on its ultra-low carbon concrete products range Greenbloc.

I suggest everyone than can attend the event, please register interest by contacting [e-mail] .

[otemple3] 17/10/2022 12:00

So, back to SigmarocInteresting RNS this morning as as far as I am aware they have never notified in advance for a trading update & is clearly aligned with the shareholder engagement event. Would be a brave mgmt team to drop a stinker of an announcement on the same day they are meeting face to face with investors for first time in ages. I thought when the event was announced they must have something exciting to flag so hope this is the case ??

[smithie6] 17/10/2022 11:38

"Placing extra taxes on buy to let owners etc would have freed up a lot of property."

but that would push up rental prices !!

supply & demand
reduce supply while keeping demand the same & prices would rise.

Very easy to have a go at landlords.
but if they sell their properties to people that have enough cash & spare income to get a big mortgage

then the total number of houses available to renters is reduced.

-----

The UK needs to reduce the demand such as by removing the ppl illegally in the UK & stop the economic migrants from living in homes in the UK.
but so far there isn't enough public support to allow that to happen.
(if it was funded by a separate tax, on everyone working (any wage)
"then" the public opinion would change & firm action would be possible.

The lives of the asylum seekers are obviously not in danger in Calais or France so legally they have no right to go from France to the UK, imo.

When the UK is all concrete & tarmac
& forever worse traffic problems
"then" ppl will complain & demand more green spaces (& call for 'no more economic migrants') but by then it will be too late.

[clocktower] 17/10/2022 09:27

The stupidity of Truss cutting the top rate of tax and removing the ceiling to bankers bonuses was her undoing.

I think she could have pull it off, if she had not even mentioned those items and talked about windfall taxes, without mentioning who or what would be hit. She could have also targeted things like luxury yacht owners and second home owners, plus buy to let owners. All that would have been popular with northern voters.

Placing extra taxes on buy to let owners etc would have freed up a lot of property.

Targeting luxury boats by imposing a sort of rate charge would be popular with the low income group.

Her principal of going for growth is correct, you have to add fuel to keep the fire going but the way you do it is important, so not to burn yourself at the same time, which she has done.

[kristini2] 17/10/2022 08:05

No one's going to benefit from trusseonomics not have we seen such incompetence since the labour morons of the 1970s were running the show

[masurenguy] 17/10/2022 07:29

SigmaRoc expects to publish a trading update for the third quarter of 2022 on 20 October 2022.

[haywards26] 13/10/2022 13:01

We should be beneficiaries of Trussbot's economic growth strategy as infrastructure is a central piece of this

[clocktower] 13/10/2022 10:27

SRC is not dependant on house sales, big projects, hospitals, roadworks, and a host of other projects that all require construction aggregates, which houses - bar the foundation use little of, as so many are frame form etc.

Also, there is an ongoing and increasing amount that will be used to build new underground structures because of the possibility of war.

[twirl] 13/10/2022 09:38

Good news indeed.......for first time buyers!

[masurenguy] 13/10/2022 07:52

Housing developers hit for £1bn

Close to £1bn was knocked off the value of the biggest housebuilders yesterday amid the first signs that demand for homes is falling rapidly. Barratt Developments, which builds more houses in Britain than any other developer, warned that sales have fallen sharply in recent weeks as mortgage rates have surged. Since the beginning of September, it has been selling an average of 0.48 homes per week, a 44% drop compared with this time last year and 20% shy of what it was selling as recently as July and August. Barratt is now selling fewer houses each week than it was before the pandemic.

[otemple3] 12/10/2022 15:22

I'm hoping there is some interesting news coming next week (hence the investor event) - maybe significant in which case preventing them buying currently......

[haywards26] 12/10/2022 15:03

We live in a crazy world...

I thought we may have seen some director buys at this level.

Is it just me or are we well overdue some holding RNS's confirming who took the Ninety One share sale?

[clocktower] 12/10/2022 14:36

Very frustrating to see such a good companies shares trading at such a low price but I added a small amount today.

[clocktower] 04/10/2022 15:21

Nice and steady slowly without news will do. If you’re lucky enough to be getting onboard now, it could prove to a really good timing in this difficult market.

[jacks13] 03/10/2022 19:28

Are you allowed to trade on a Sunday?

[clocktower] 03/10/2022 17:48

No stopping this now I would hope. A bargain price and for those like myself it was a good place too average down yesterday.
Upwards and onwards.