That may just be the secondary sale itself being reported. These types of special, large transactions sometimes appear after normal trading hours. |
Breakout 😀 |
I see Midas (Mailonline) has tipped SRC this weekend. |
I see the Chairman has bought shares at 67p.
If my understanding is correct, at the end of the Feb5 trading day the shares slipped to the 67 region just before the 16.42 RNS with the news of the secondary sale. |
This is all very pleasing. I must admit I expected a drop in the price today to somewhere near the placing price; shows how much I know. Altogether this looks like a big vote of confidence in the company. |
Breedon forecast to do 33p this year. So at 450p is on 14.5x
SRC forecast to do 8.3p. On 14.5x = 120p |
Nice to see price so strong after a placing like this. Nice business too for the new holder who has made over £10m today if my calculations are correct |
Perhaps the anticipation of the shareholding change has been a hand brake on the share price these last few weeks/months. |
Aways wondered why the market undervalued SignaRoc. It's subsidiaries Fels Werke, Nordkalk are great ways to access this market.
It's a real safe haven stock and a very secure business.
Hopefully the market wakes up. |
rimau1 this is who bought some
"As part of the successful secondary placing of ordinary shares in the Company which was announced earlier today by CRH (UK) Limited, a subsidiary of CRH plc ("CRH"), through JTC Employer Solutions Trustee Limited, in its capacity as trustee ("the Trustee") of the SigmaEBT (the "EBT"), the Company purchased 14,895,581 Ordinary Shares at a price of 67 pence per Ordinary Share on 6 February 2025." |
Nice reaction to the placing, i wonder who the new shareholders are. |
Very impressive. 5% discount. Goes to show how undervalued it is. Was completed very quickly apparently. |
"Further to the announcement released on 5 February 2025 in relation to a proposed secondary sale of ordinary shares (the "Placing Shares") in SigmaRoc Plc ("SigmaRoc" or the "Company"), CRH (UK) Limited, a subsidiary of CRH plc (the "Seller" or "CRH"), announces that, subject to completion, it has sold in aggregate 171,578,948 ordinary shares at the price of 67 pence per share, raising aggregate gross proceeds of approximately £115 million.
Following completion of the Placing, CRH will have exited its interest in SigmaRoc in full." |
Secondary placing is not available to retail investors unfortunately as they haven't met the EU legal requirements for that.If you want to top up suspect you will be able to buy SRC on the open market at a reduced price in the next week (maybe around 68p?) and the placing will likely go through a penny or so below that. So indirectly you could still potentially benefit from the placing. |
CRH are about to sell their holding in SRC via a secondary placing |
I note that PLiberum have a 120p target price with eps for 2025 at 9p and for 2026 at 10.1p(Zeus has 10.6p in 2026).
Both emphasize the strong cash flow to cause deleverage. |
I note thar Zeus has an unchanged target price of 158p.
They note that 2024 eps beat due to non repeatable preferential tax rates and have reduced 2025 eps forecast from 9.4p to 9.1p with a revenue reduction of £100m(£ 40m of which due to disposals) but margin expansion.
I did not get any insight for their forecast revenue reduction in 2025
No surprise that no dividends forecast in 2025/6.
Zeus states the market has not taken into account the improved earnings quality given SRC duoply in major economies in the high margin lime business. |
On any normal day the update would have had a share price leg up but the world is being Trumped at present. Solid results. The firm feels well managed. |
Agreed, I had hoped the trading update would be the catalyst for the next leg up and to consolidate at the 80p + share price level.. |
Decent trading update, slightly ahead of consensus. |
Based on previous years I'd have expected a trading update this week. I wonder if it's been delayed to coincide with some additional news, eg intention to list as suggested above. |
I think the same that the next step here is a full listing, and entry to the FTSE250 would then look likely in 2025. I don't expect any other major moves here in 2025. |
I am hoping and expecting SRC to break the £1 level in 2025! |
It would be nice! Doubtful though as one year ago CRH sold their Limestone assets to SRC (the highest bidder) including an equity component at 47.5p per SRC share. So, it seems unlikely that a year later somebody is going to offer, say, 90p for assets they could have fairly easily got for, say, 50-55p equivalent just a year ago.Kind of suspecting that SRC will join the main market on LSE soon. However, any secondary placing is stamp duty free while on AIM so there are pluses and minuses. |
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