Sigmaroc Share Discussion Threads

[xamf] 19/2/2024 12:30

Setting aside the good fundamentals here, chart suggests strong support around 63.6. We shall see. We're a little overbought at the mo and may track sideways for the next week before more upward pressure imo.(sentiment here may be slightly influenced this week by US miners FY results?).

Just topped up. FY results 18th March. Regardless of short term movements I'm hoping for 80p plus by end of 24.. DYOR etc.

Does anyone else have a view?

[haywards26] 09/2/2024 17:51

New insti’s having a nibble can only be a good thing. Onwards and upwards 🙂

[masurenguy] 09/2/2024 07:46

MI Chelverton UK Equity Growth Fund takes a 4% stake in SigmaRoc.

[mancman1] 05/2/2024 09:37

I see that Sigmaroc is one of River and Mercantile's biggest holdings. 4.74%.

[davebowler] 05/2/2024 08:54

We’ve got SigmaRoc, which is a quarrying business. They bought CRH’s limestone assets backend of last year. That’s now predominantly a European business. So, there’s plenty of ways to find opportunities to invest ex-UK. The UK domestic cyclicals are particularly cheap at the moment.

[mancman1] 01/2/2024 14:20

Almost 7 million now. Approaching the recent high of 22nd January, which was exceeded only by the 13 million on 27th November.

[tonytyke2] 01/2/2024 13:47

Just a small 5m share transaction gone through today!

[mancman1] 29/1/2024 09:38

Chart looks promising - higher than at any time since June 2022.

[worldwidet] 24/1/2024 19:31

The managers seem to be doing their homework...
In a broad market sell-off in the coming recession, I could imagine SRC being sold off again. But in a new economic cycle after a recession, SRC could be one of the big beneficiaries. Well managed and in a future-proof industry.

Watch list

My personal opinion.

[masurenguy] 24/1/2024 08:42

Good momentum here with the shareprice increasing by more than 40% over the past 2 months.😊

[tonytyke2] 22/1/2024 10:58

Significant volumes indeed, according to Stocko:AVG 3 month volume = 1402073AVG 10 day volume = 2710203Today's volume to date = 4859487Relative strength= + 18.4 percent2 long screens passed with a StockRank of 82.

[aishah] 22/1/2024 10:46

Liberum has a 120p target.

[mancman1] 22/1/2024 08:40

Looks like being another high volume day. Almost a million traded by 8.35. Friday it was 6 million, Thursday 4 million. Average according to Yahoo is 1.6 million.

[alter ego] 19/1/2024 15:04

certainly making good progress since the fund raise.

[haywards26] 18/1/2024 21:33

That would be fantastic 😀

[greg the grinch] 18/1/2024 20:58

I've said this before.....I reckon it will be £1 by the Summer.

[mancman1] 09/1/2024 12:39

Reminder that the Sharesoc meeting is tomorrow, 10th January.

See post 1648.

[bigboyblue] 08/1/2024 09:45

Agreed and with a detailed trading update due later this month the momentum is likely to be maintained. In its 7+ years of existence the company has yet to produce an update which could be described as 'disappointing' (DYOR).

[aishah] 07/1/2024 23:30

Good to see MOS cover SRC. But gone are the days when such coverage moved the stock higher. However it's a fantastic investment imo. Dyor

[masurenguy] 07/1/2024 09:40

SigmaRoc's limestone brick road could lead you to riches

SigmaRoc is set to become a top-tier lime and limestone producer, following an audacious deal announced late last year. Quicklime is used as a purifier to create products as wide-ranging as glassware, crockery, kettles, ovens, milk and sugar. It is also deployed to create steel bridges, buildings and roads. It is an essential component of paper production, ensures water is pure enough to drink and acts as a fertiliser, making soil less acidic and grass tastier for cattle. The shares are 57p and should move considerably higher as the transaction beds in and the business grows.

SigmaRoc was founded in 2016 by Max Vermorken, a Belgian, now 40, who came to the UK to do a PhD and decided to stay put. Formerly at cement giant Holcim, Vermorken joined with building materials veteran David Barrett to create SigmaRoc, an innovative aggregates and quarrying firm. Both he and Vermorken felt that businesses in their industry had become too centralised, with decisions taken by directors far away from the coalface. From the start, SigmaRoc encouraged regional managers to develop their own networks, build relationships and make decisions based on local customers' needs. The strategy worked. In 2017, SigmaRoc generated sales of £27m and profits of £2.6m. By 2022, revenues had increased to £538m, while profits had soared to £63m.

Growth came organically and by acquisition but Vermorken wanted more and, last year, he found it, when Irish building group CRH decided to offload its Northern European lime operations. Vermorken pounced and last November unveiled an £870 million takeover of the CRH businesses, funded by shares and debt. With SigmaRoc valued on the stock market at less than £400m, the deal was ambitious but big investors signalled their faith in Barrett and Vermorken, approving the acquisition just before Christmas. SigmaRoc already had a reasonable position in the limestone and lime industry. Following the CRH deal however, the group will become the number one operator in the UK, Ireland and Scandinavia and number two in Germany and much of Eastern Europe.

Vermorken and his team have also proved that they can buy and integrate businesses, having acquired about 20 over the past seven years. This is the biggest, but it has been structured in three tranches. The first and largest was completed last week – the others will be finalised later this year. Payments are staggered too, with £580m due now and the rest falling due over the next six years. The combined business will generate significant economies of scale and lower transport costs, creating a company with more than 2.5bn tons of mineral reserves and resources. Size matters in this field. Many industries cannot function without lime so firms need to be confident that the right products will be delivered on time to their plants and factories. Vermorken has green credentials too. Lime absorbs carbon dioxide and is expected to play a key role as companies strive to reduce their carbon footprint. CRH has signalled its support too, spending £82m on a 15% stake in SigmaRoc, as part of the takeover deal.

Midas verdict: Lime and limestone are essential components of daily life and SigmaRoc has now become a market leader in this sector. At 57p, the shares are a long-term buy.

The Midas rec might have leaked on Friday as the price suddenly increased by 4% in the last hour.

[jaf111] 07/1/2024 05:18

Nice write up in today’ Mail…..

[greg the grinch] 04/1/2024 16:51

.... just back from the pub?

[elbrus55] 04/1/2024 16:16

You are correct, there is no doubt that you will be able to purchase shares at 20p within a few weeks.