Share Name Share Symbol Market Type Share ISIN Share Description
Sigmaroc LSE:SRC London Ordinary Share GB00BYX5K988 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 40.90p 40.80p 41.00p 40.90p 40.70p 40.90p 23,500 10:08:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 27.1 0.8 0.3 120.3 55.91

Sigmaroc Share Discussion Threads

Showing 176 to 200 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
16/12/2016
11:47
It makes a nice change to feel invested in a 'sensible' RTO.I can see Melissa Sturgess with a 10.97% holding but I can't see Nigel Wray. Is it possible to put up a link to the page you are looking at please?Many thanks.
nel400
16/12/2016
09:46
Indeed, Britain's Warren Buffet, Nigel Wray...
zcaprd7
16/12/2016
09:16
Have a look at the list of those holding shares & %'s post consolidation/placing.
ieh fan
15/12/2016
13:58
Nicely picked out, zcaprd. Doesn't sound like an instant money-spinner for current shareholders, but a positive first step towards a sustainable business model. You'd imagine that planning application to increase the size of the quarry is important to driving higher revenues and profitability.
ieh fan
15/12/2016
12:02
The admissions document is a good read. Looks like a great deal. Ebitda is £5m. And no debt, so the next deal can be financed without significant dilution. Also, they bolster their management team:2. Key investment propositionThe Directors believe that, following the Acquisition, the Enlarged Group's key strengths will be:? Ownership of a self-sustaining profitable operation, with a long-term track record, which generated£5.0 million EBITDA and £5.4 million net operating cash flow for the year ended 31 December 2015.The Board believes the Acquisition will provide a cornerstone business, offering immediate scale tothe Company, revenue diversification and the opportunity for the Company to partially fund futureacquisitions.? It is the current intention of the Directors to pay out a dividend to Shareholders as appropriate withregard to the Enlarged Group's future acquisition strategy and dependent on available cash resources.? A committed Board and management team with proven experience in the construction materials sector,including within Aggregate Industries itself, contributing significant existing knowledge of Ronez'soperations.? Significant operational experience via the retention of Ronez's management team, adding over 60 years'experience in operating and maintaining assets in the sector. Given their experience, Ronez'smanagement may be involved in appraising future acquisition opportunities.? Jersey and Guernsey are both stable and developed jurisdictions with governments committed toensuring local supply of aggregates and construction materials.? Ronez is the market leader in the Channel Islands where there are high barriers to entry and the Board,along with the existing management of Ronez, believes there is potential for increased efficiencies.
zcaprd7
15/12/2016
11:34
Calculation of £45m cash to buy £3m of profit? I suppose the revenue is more useful at this stage...
zcaprd7
15/12/2016
11:32
Hmm. Interesting. Not sure I'll make the meeting on the channel islands! As I said before, great tax efficient first location for the first deal... Let's see what they get up to next year...
zcaprd7
15/12/2016
09:34
I don't think it gives us any advantage vs those participating in the 40p placing. However, those placees and us will stand to make a lot of money out of this company so I don't begrudge that too much. MCAP should be a lot higher in 6 months time.
ieh fan
15/12/2016
07:54
I think it will considerably. Consider we had a holding in a company shell of market cap 1m and no profits. We are now consolidated pro rata............but we have a pro rata holding in a company raking in 26m a year in revenues of which nearly 3m is profit and growing. This will need to be factored into the listing price.
flashheart
15/12/2016
07:33
£45m jeeze and consolidation of 104:1 not sure how that benefits existing shareholders.
soulsauce
15/12/2016
07:16
SigmaRoc (AIM:SRC) is pleased to announce that it has conditionally agreed to acquire Ronez, a wholly owned subsidiary of Aggregate Industries, part of the LafargeHolcim Group, for £45.0 million in cash (the "Consideration"). In conjunction with the Acquisition, the Company also announces that it has conditionally raised approximately £50 million (before expenses) via the issue of 100,000,000 New Ordinary Shares and 10,000,000 Convertible Loan Notes. Strand Hanson Limited is acting as Nominated and Financial Adviser to the Company, and Zeus Capital Limited is acting as Broker to the Placing. Highlights of the proposed Acquisition and Placing:· Consideration payable by the Company in respect of the Acquisition of £45.0 million in cash.· Placing of 100,000,000 New Ordinary Shares at 40 pence per share and 10,000,000 Convertible Loan Notes at £1 per note to raise approximately £50 million before expenses.· Net proceeds of the Placing will be used to satisfy the Consideration and for working capital purposes.· Ronez is a fully integrated producer of construction materials and operates two hard rock quarries and multiple business lines with associated production units across Jersey and Guernsey, with approximately 3.36Mt of Proved Mineral Reserves and a further 6.22Mt of Measured and Indicated Mineral Resources.· In 2015, Ronez recorded revenue of £26.3 million and operating profit before tax of £2.94 million.· Ronez is a cash-generating and profitable business, with an established track record, providing the Company with a platform to accelerate its growth and fund the continued execution of its wider business plan, being the pursuit of acquisitions of high quality and niche market assets in the construction materials sector.· Share Consolidation with a ratio of 104:1 such that, subject to the passing of the Resolutions, for each 104 Existing Ordinary Shares held, Shareholders will be issued one New Ordinary Share worth 40 pence each (based on the price immediately prior to the Company's suspension announcement of 5 October 2016) on Admission. Due to its size and nature, the Acquisition constitutes a reverse takeover of the Company pursuant to the AIM Rules. The Acquisition will be conditional on, inter alia, approval of Shareholders at the General Meeting to be held at 12.00 noon on 3 January 2017 at the offices of Artemis Trustees Limited, Trafalgar Court, 2nd Floor, East Wing, Admiral Park, St Peter Port, Guernsey GY1 3EL Channel Islands.The Notice of General Meeting, along with an admission document dated 15 December 2016 ("Admission Document"), has today been posted to Shareholders. A Form of Proxy has also today been sent to Shareholders and can be downloaded from the Company's website: www.sigmaroc.com. Shareholders are encouraged to return their Form of Proxy as soon as practicable or, in any event, by no later than 12.00 p.m. on 29 December 2016. The Form of Proxy must be sent or delivered to Share Registrars Limited at The Courtyard, 17 West Street, Farnham, Surrey GU9 7DR or by email to proxies@shareregistrars.uk.com.Information extracted from Part I ("Letter from the Chief Executive Officer of SigmaRoc plc") of the Admission Document is set out below. A copy of the Admission Document is available on the Company's website: www.sigmaroc.com. Assuming that the Resolutions are approved, it is expected that the Acquisition will complete, Admission will occur and trading in the New Ordinary Shares will commence at 8.00 a.m. on 5 January 2017. Accordingly, trading in the Ordinary Shares will remain suspended until such time. Capitalised terms used in this announcement carry the same meaning as those ascribed to them in the Admission Document, unless the context requires otherwise. Max Vermorken, Chief Executive Officer of SigmaRoc, commented:"Ronez presents an excellent opportunity to acquire a profitable and well managed building materials business in a very stable market. It will be our cornerstone asset and a great starting point in the journey to grow a niche focused building materials business. We look forward to working with the local management team and are confident that we can support them to further improve on Ronez's impressive operational and financial performance."The acquisition of Ronez is the first of what we anticipate being a pipeline of value accretive deals and we are delighted to have secured broad buy in from UK and Channel Island investors keen to support our ambitions."
defcon3
08/12/2016
17:08
I'd expect the deal to be presented to shareholders next week for voting. But that's guesswork is this is a first timer for me!
ieh fan
08/12/2016
17:01
Deal tomorrow then?
zcaprd7
08/12/2016
11:23
Shareholders will definitely back it. What's the alternative?!
ieh fan
08/12/2016
10:21
I guess. Regulatory would have been the toughest bit. I presume the finances are contingent on that, and then shareholder approval a doodle...
zcaprd7
08/12/2016
09:11
So, what next? a GM, I assume?
ieh fan
08/12/2016
08:57
8 December 2016SigmaRoc plc("SigmaRoc" or the "Company")CICRA ApprovalSigmaRoc (AIM:SRC) is pleased to announce that, further to the Company's announcement on the 21 November 2016, the Company has today received formal approval from the Channel Islands Competition & Regulatory Authorities ("CICRA") in respect of the proposed acquisition of Ronez Limited from Aggregate Industries Limited, a wholly owned subsidiary of LafargeHolcim Ltd.Further announcements will be made in due course, as appropriate.
zcaprd7
07/12/2016
21:13
Worth looking at top linehttps://twitter.com/tweetingtom_/status/806555257639669760
defcon3
01/12/2016
11:42
Must be a decent whack of revenue. It will be interesting to see their plans, it used to supply UK mainland back in the day... Or is this just a cunning tax dodge by making the first deal with a channel island firm?
zcaprd7
28/11/2016
19:01
I posted the equivalent of a Companies house entry for Ronez on the twitter SRC board but tbh not much info on it really
kemmetin
28/11/2016
18:25
Erm, I have the same number of shares as the CEO. So with respect, I am entitled to take a pessimistic approach...
zcaprd7
28/11/2016
15:34
Also kemmetin, besides the actual value assigned to the new business, the share price should possibly reflect an enterprise value and growth prospects as well. This is my optimistic view but a possibility nonetheless.
flashheart
28/11/2016
14:50
I would go along with that I think kemmetin and yes many deals to come as they grow the business.
flashheart
28/11/2016
14:42
Looking at the size of Quarry, staff employed and having a guess at production and sales what does everyone feel the Mcap could be on completion? I'm guessing 3-4 mill Mcap which wouldn't be bad for first deal of many!
kemmetin
28/11/2016
08:16
These are issues which would have been covered during due diligence zcaprd7 and it's regard expansion, not operation of the existing mine. With respect, I think you're trying to find issues and problems where there aren't any or would have been covered. Remember we have an experienced capable team who have done all this before.
flashheart
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
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