Sigmaroc Share Discussion Threads

[tonytyke2] 03/5/2023 14:31

Good post Sphere25, massive volume again here today, a good sign imo.

[sphere25] 03/5/2023 14:26

Well, the last time posting here in February, there was a breakout battle going on at this level. A placing soon followed so perhaps that had a bearing on the breakout failing. Here we are again with a ding dong going on at the key breakout level right now.

BlackRock almost single-handedly control the price here with their 5210 icebergs, playing the order book on each side at various price points. They have been sat here today at 61.2p on the offer preventing the break higher - that looks cleared atm. Then they were sat at 61.6p - that battle is ongoing but the iceberg has just been cleared.

So whilst the bulls are sat trying to take control of 61.6p, the market is having a little pause here and is now sat waiting to see if they have more to sell, or whether they are cleared here, and those orders on 62p get bought through for a significant chart break.

It is hard work holding shares like SRC at times. They go up, show abit of leg, and come flying back - almost better to just trade them all the time. A few of these types about of late which are frustrating holds. I'm sure others feel the same.

It is close again here.

Surely not another tease is it?

Go on, get through 62p.

All imo
DYOR

[haywards26] 02/5/2023 11:52

Finally - hopefully this is the start of the re-rating back to a more reasonable share price level (£1) and valuation.

[tonytyke2] 02/5/2023 11:50

Volume way up today and looks like some large buys gone through.

[otemple3] 02/5/2023 11:48

Anyone know what's driving today's move? Long overdue imho but can't see what's caused it....

[altom] 02/5/2023 09:59

This seems so under valued to me, but I suppose we can’t expect more than a slight upward creep until the next update towards the end of July. I like the remarks about picking up companies on the cheap at the moment. Just got to be patient!

[haywards26] 25/4/2023 22:44

A nice director purchase announcement 😀

[tonytyke2] 25/4/2023 13:38

Very strong update today, I have added more. Looks like there are significant buy volumes this afternoon.

[alter ego] 25/4/2023 09:46

goliard, I can understand why you think that and you're probably correct. However, it's been clear from the outset that SRC are trying to build a much bigger business and that means mopping up smaller ones which they can manage better. At present, the market ascribes little value in some areas so SRC are able to cherry pick where they spend their funds. If they get it right we will see the fruits in due course.

[goliard] 25/4/2023 09:32

I just wish they would stop acquisitions for a while and show the market what the real profit is without loads of exceptional costs. Price would rerate significantly and fund raising would be less dilutive. I believe the price is consistently held back as another raise always seems to be round the corner. Some consolidation would really help that.

[alter ego] 25/4/2023 08:59

I noted this paragraph:
"The pipeline of both organic and inorganic opportunities remains very full, offering the Group the ability to be selective with its investments and focus on those with the most compelling financial and strategic relevance."

Given how astute management seem to be, this suggest we can expect more earnings enhancing acquisitions and initiatives to cut costs or increase sales.

[haywards26] 25/4/2023 08:53

Nice update and confirmation that financial performance is slightly ahead of managements expectations.

[masurenguy] 25/4/2023 06:38

Solid Q1 trading

Highlights:

- Solid Q1 performance, with Group underlying EBITDA ahead of prior year and slightly ahead of management expectations;

- Development pipeline progressing to plan, with three acquisitions closed in Q1;

- Further progress made in sustainability initiatives with the installation of the first Aqualung module in Q2 and the publication of the Group's ESG report today, highlighting progress areas across a broad range of metrics;

- Revenue diversity and further margin enhancement programmes support the Board's expectations for 2023.

Q1 trading update

The Group is pleased to report that it has started 2023 well, with Q1 performance ahead of the prior year on a like-for-like basis. Volumes were 1% ahead of budget, contributing to revenues of GBP137.1m for the quarter. The ongoing benefit from cost management and asset enhancement programmes underpinned margin growth in the period, resulting in an Underlying EBITDA slightly ahead of management's expectations. The Group's diversified geographic and end market footprint continues to provide resilience with growth across a range of segments, more than offsetting areas of subdued demand:

- Industrial minerals: continued growth in demand across chemical, environmental, and agricultural markets, as well as metals & mining which is seeing demand supported by re-activation of customer capacity. Paper, pulp & board saw lower demand in the quarter as safety stocks acquired to mitigate energy risk at the end of 2022 are unwound.

- Infrastructure: demand in this sector remained strong across all three regions, with particularly good performances in Poland and the Baltics. Several major projects in other regions are mobilising, supporting expected demand for construction materials across the Group.

- Residential construction and RMI: the more subdued demand conditions in Finland, Sweden and the UK seen in the latter part of 2022 have continued, as expected, into 2023. Conditions in Poland, the Baltics and Belgium have been stronger as a result of greater resilience in residential construction activity in these markets.

[qvg] 21/4/2023 17:15

Masurenguy & Haywards - thanks

[haywards26] 18/4/2023 11:46

I have just topped up today at below 55p...

Time for SRC to rise and shine over the next 6 months or so. This has got to start rising to £1+ in the next 6-12 months with the growth being pursued and achieved...

[elbrus55] 11/4/2023 14:18

Sek 188m = 14.5m pounds if you use the current exchange rate. I don't know why SRC appear to use a very different exchange in their RNS.It is 3.8p / per share.Court awards aren't usually taxable, but don't know about Sweden.

[masurenguy] 07/4/2023 06:55

qvg - I would echo the comments made by Haywards26 above in answer to your question.

[haywards26] 06/4/2023 22:46

I am looking to top up here in what is my largest holding with the new tax ISA allowances open.

The Swedish case is not a factor in the current lowly rated share price. But is a nice to have if the states appeal fails 🙂

The management here are excellent as are all the financial growth stats.

I can’t fathom why we are not much closer to £1…

[yf23_1] 06/4/2023 16:13

17m or 5% of mkt cap

[qvg] 06/4/2023 16:04

Masurenguy, thanks for that. I am new to SigmaRoc, first purchase today. Is the Swedish case material? Do you think it is a reason for what seems to me to be a low valuation?

[masurenguy] 06/4/2023 08:05

Swedish state appeals

SigmaRoc advises that further to the announcement on 15 March 2023 in relation to the successful claim against the Swedish state (the 'State'), on 4 April 2023, the State appealed the verdict and subsequently the Group also appealed. The Group remains confident in the merits of its case and will keep the markets informed of any further developments.

[abergele] 27/3/2023 09:29

Yes I concur that,,certain under 54p were buys, with (ii)

[masurenguy] 27/3/2023 07:22

A rather muted market reaction although many of the Sell transactions are actually Buys.

[clocktower] 27/3/2023 06:39

Very impressive set of figures in which has been a very turbulent period.

[bagpuss67] 27/3/2023 06:13

Excellent.