Sigmaroc Share Discussion Threads

[arregius] 03/2/2023 13:52

Thanks, how do you get that info

[sphere25] 03/2/2023 13:49

Just mentioned this at BRCK when the price was getting through 60p but it looks even more interesting now with it being bang on the key breakout level here with the price at 61.2p.

The order book (LEVEL 2 ;-)) is stacked with buy orders from 60p-61.2. The offer is thin as well with only a market maker on the offer with 5k at 62p so it might be about to break out.

Sometimes SRC can have a late plonker seller, but there has also been some large chunks being mopped up of late (ties in with sizeable demand on the order book at 58p today), so it could now be a case that they have all been cleared to allow this breakout. That would tally with how the order book currently looks.

It is very close to that breakout.

And now we watch.

All imo
DYOR

[arregius] 03/2/2023 13:44

Bid keeps going up

[arregius] 03/2/2023 13:41

Anyone know smth?

[wanttowin] 03/2/2023 13:19

Yes I'll vote for that, just need to beak this 60p resistance first !

[arregius] 03/2/2023 13:09

Lets recover and hit new highs this 2023

[wanttowin] 02/2/2023 09:02

Thank you elbruss 55 for that info.

[twirl] 01/2/2023 09:10

rimau>> irritating but thats how the little uns make money while the herd moves on to the next disaster.

[rimau1] 01/2/2023 07:43

Surprised at the muted reaction yesterday with a significant earnings beat and positive outlook. Revenue beat, Earnings >£100m versus £97m expectation and debt under 2x versus 2.2x as FCF ramps up. Expectation of a softer global slowdown makes this too cheap IMO

[elbrus55] 01/2/2023 03:51

It is published on londonstockexchange website desktop version. You can download a spreadsheet with all trades for the day with trade types codes.The larger trades are all offbook. (>15000 shares)Smaller trades are a mix of automated and offbook. There are some 'algo' trades.I not sure a market maker would even quote for 100,000+ shares. You could try.

[wanttowin] 31/1/2023 16:23

Hi elbrus55, can you tell me how you ascertain that those large trades are off book please ?

[elbrus55] 31/1/2023 15:01

All these larger trades are offbook aren't they?So one buyer and one seller, with no market maker involved. I'm not sure it tells you very much other than there is some 'activity'?

[arregius] 31/1/2023 13:37

Thats some volume. Lets clean this up

[yf23_1] 31/1/2023 09:40

2*200,000 gone thru. At least someone's not a morbid pessimist.

[twirl] 31/1/2023 09:33

yf23>> market is only short term

[yf23_1] 31/1/2023 08:05

Pathetic market response as usual.

[arregius] 31/1/2023 07:56

Indeed. This should climb back up. Management is executing in all fronts. Very happy

[masurenguy] 31/1/2023 07:52

Great update, with positive indications for further progress in 2023!

Year-end trading update

SigmaRoc provides an update on performance for the year ended 31 December 2022 ('FY22'), ahead of the publication of its final audited results by the end of March 2023.

FY22 highlights

Further to the update of 12 December 2022, trading in the final weeks of the year was strong, with the Group expecting to report underlying FY22 EBITDA and EPS slightly ahead of current market consensus expecations:

- Revenues expected to be greater than GBP525m, including organic like-for-like growth of 19%;

- Underlying EBITDA expected to be greater than GBP100m, with margins increasing year-on-year to approximately 19%;

- Underlying EPS expected to be greater than 7.7 pence, up over 40% on the prior year;

- Following strong cash generation in the second half, year-end leverage expected to be within the Group's target below 2.0x.

Outlook for FY23

Trading in the early weeks of FY23 has been encouraging, with more favourable energy cost and availability conditions supporting better than expected demand in a number of the Group's European industrial products segments. The Group has continued to take a dynamic position on pricing through inflationary cost increases, as well as identifying opportunities to improve efficiency across its network. As such, the Board remains confident in the Group's ability to achieve further progress in 2023.

Throughout 2022 and into 2023, the Group has continued to develop its pipeline of strategic development projects, both organic and inorganic, with opportunities identified to accelerate strategic objectives and enhance financial performance across many of the Group's platforms. The Board continues to develop these initiatives and will update shareholders on progress throughout the year.

Max Vermorken, CEO of SigmaRoc, commented: "Whilst 2022 comprised a long series of operational and commercial challenges, the Group delivered performance well ahead of our original expectations, demonstrating the strength of our operating model and local management teams. 2023 has started in an encouraging way and we have identified accretive opportunities that we believe can improve performance and accelerate our strategic goals. We remain mindful that the economic backdrop continues to present uncertainty and challenge in the near term, but we are equally confident that the Group can again demonstrate its resilience and achieve further strategic progress in the year ahead."

The Group intends to publish its audited results for the year ended 31 December 2022 by the end of March 2023, followed by its ESG report in April 2023.

[twirl] 15/1/2023 11:42

Cheers TT

Very confident longs can make money on this one

[tonytyke2] 14/1/2023 17:32

twirl, I did not see anything in the normal IC magazine, perhaps something in Alpha possibly? Simon Thompson did tip this in IC on the 12th Sept at 50p, as a recovery buy.

[twirl] 14/1/2023 15:09

Yesterdays rise may have been caused by IC Simon Thompson tipping. I don't subscribe so cannot confirm.

[tonytyke2] 13/1/2023 19:17

Yep, it's just broken back above the 200 day MA for the first time for about 12 months and the latest RSI is looking positive, so I added a few more today.Keeping my fingers crossed that the rise can continue, good luck all !Cheers TT

[greg the grinch] 13/1/2023 12:35

Looks like we might be making a break upwards?

[hsduk101] 20/12/2022 09:51

What is everyone's preferred EPS and PE ranges for general investment?

For me general rule is PE no higher then 15 times