Omaha man
12 Jan 2017
Re: Results tomorrow I took the plunge and bought a few at 92.5. Will be looking to double up once we have clarity tomorrow, hopefully at a higher price on a no worse than expected statement.
Junk it
12 Jan 2017
Re: Results tomorrow I suspect that SIG threw everything in to get the first half numbers then saw a very weak second half in terms of sales volumes which in turn has seen them fail to hit hoped for rebate targets. In effect the first half will have to be corrected as well as posting a poor second half.I think it could be grim tomorrow.
photogene
12 Jan 2017
Re: Results tomorrow Liberum have downgraded it to 88p, do they know something in advance of tomorrow?Bought in this morning at 94p, hoping for a bounce tomorrow.
Omaha man
12 Jan 2017
Re: Results tomorrow The market is clearly in a bit of a funk about the possibility of bad news tomorrow hence the fall of over 6.5% at the moment. I have been out for a while whilst continuing to watch, but am tempted to return for a recovery over the next couple of years, or a possible takeover. The question is whether to wait and see what the statement brings, or have a bit of a punt ahead of it in the hope that there is no new negative news.
photogene
12 Jan 2017
Results tomorrow Year end results to be announced tomorrow. Forecast to be £70-80m which would be a great improvement, but I don't think it will increase the share price as the market is expecting it. I guess if it is at the top end then we should see some movement, but my guess is slap bang in the middle.Perhaps a new leader could get this out as a take over target, that would be the best result for all.
Seagull2
07 Dec 2016
Re: Interesting times Nice to see so recovering. Be good if can get back up around £1.20 level before Christmas .Good luck holdersSeagull
Seagull2
15 Nov 2016
Interesting times Iko stake to over 7% , director buys , big cost saving projects underway and a new boss to be announced soon. Healthy profits just got to wait things out here.Good luck holders!Seagull
nk1999
11 Aug 2016
Jefferies From Citywire:"SIG restructure continues despite ‘Brexit’Specialist construction material supplier SIG (SHI) is continuing with its restructuring although there is some caution about the impact of ‘Brexit’ later in the year. Jefferies analyst Sam Cullen retained his ‘buy’ recommendation and target price of 140p on the shares, which fell 6.1% to 100.6p yesterday. ‘SIG has delivered a good first half of the year, increasing profits by 20% and controlling the controllables,’ he said. ‘Despite the uncertainty caused by “Brexit”, the restructuring of the business remains on track and the UK has seen flat like-for-like sales performance in June and July. However, with September and October accounting for c.30% of total profits we exercise some caution and make no changes to numbers at this stage.’ He said the outlook for the second half of the year remained ‘uncertain’ given ‘the UK saw a slowing of demand immediately pre and post the referendum’ but it was ‘still too early to discern the impact for the full year’. "
Junk it
13 Jul 2016
TP Statement Seems like a fairly positive statement from TP this morning. I have my doubts SIG will be anywhere near as positive.
nk1999
13 Jun 2016
Fund Manager Investment From Citywire:"Mundy builds SIG stakeContrarian investment veteran Alastair Mundy has upped his stake in specialist building materials supplier SIG (SHI) following a profit warning which knocked its share price 32% last year. Mundy increased his holding to 10.4% of the business worth £81.8 million at a share price of 133p, down from above 200p a year ago. The manager holds the unusual title of head of contrarian investment at Investec, and heads the company’s £990 million UK Special Situations fund, the largest shareholder in SIG.Shares in FTSE 250 constituent SIG tumbled 22% in a single session in October last year as it warned that weakening demand was weighing on sales to continental Europe, guiding full-year profit expectations down from £98 million previously to between £85-£90 million. Analysts remain downbeat on the stock with nine out of 14 holding it on a negative outlook. UBS last month cut its target price from 125p to 115p. "nk
nk1999
10 Mar 2016
Canaccord From ADVFN:"SIG's rating was retained at 'buy' but its target was lowered to 160p from 165p by Canaccord Genuity after the building products firm reported its full year results.The group posted a 1.4% drop in revenue to £2.67bn on Wednesday, hurt by foreign exchange movements in Europe and weak trading.Pre-tax profit increased 31.5% to £51.3m, but it reflected the previous year's profits being slashed due to costs associated with the disposal of businesses.Chief executive Stuart Mitchell said that the company's full year had been "adversely affected" by market conditions. However, he said the company had taken steps to cut costs to support growth in 2016."While the group continues to face some challenges this year (minimal product price inflation, competitive backdrop and stretched balance sheet), we retain our Buy in view of an undemanding valuation and some offsetting benefits this year of currency gains, a good start to the year, cost savings and organic growth initiatives," said Canaccord analysts Aynsley Lammin and Matthew Walker ."While we highlight the potential medium-term value in the shares, a sustained recovery in Europe and the UK, operating margins moving to over 4.5%, deleveraging and retaining more of the cost savings are required for the share price to see a sustained recovery."The analysts said the target was lowered due to higher debt levels than previously assumed. Net debt at 31 December 2015 increased to £235.9m from £126.9m in 2014.Canaccord expects earnings per share of 12.2p and 14.0p for 2016 and 2017 respectively. The 2016 estimate was left unchanged from prior projections but the 2017 was down from the previous 14.3p expected."
II Editor
04 Mar 2016
NEW ARTICLE: The week ahead: SIG, Aldermore "Monday 7 March Trading statements Abcam, Irish Continental Group, RTC Group, Penna Consulting, Telit Communications, Escher Group, Clarkson Tuesday 8 March Trading statements Regenersis, Allergy Therapeutics, St Ives, Paddy Power Betfair, Zegona ..."[link]
lambrini girl
23 Jan 2016
Re: Is there Hope? SELL target 110..<<near enuff for a BANG ON!!
oldjoe1
17 Nov 2015
Re: SHI, Director Buys at SIG........ <b>SIG : Chairman And Directors Buy Shares (DIRECTOR DEALINGS)</b> 11/17/2015 | 08:34am US/EasternLONDON (Alliance News) - Building products company SIG PLC on Tuesday said its chairman and two non-executive directors bought shares in the company.Chairman Leslie van de Walle bought 25,000 shares in the company at 126.48 pence per share, increasing his holding to 75,000 shares.Non-Executive Director Melvyn Ewell bought 7,850 shares at the same price, increasing his to 16,450 shares, and Non-Executive Director Janet Ashdown bought 11,750 shares, also at the same price, to increase hers to 33,450 shares.All the transactions were carried out on Tuesday, a day after SIG affirmed its reduced guidance for 2015 as trading conditions improved in October. The company had issued a profit warning last month as it was hit by weak markets in Europe and by a slowdown in the UK repair, maintenance and improvement market.Shares in SIG were up 1.8% on Tuesday to 128.10p.Copyright 2015 Alliance News Limited. All Rights Reserved., source Alliance News
oldjoe1
17 Nov 2015
SIG 32% Potential Upside......... <b>SIG plc 32% Potential Upside Indicated by JP Morgan CazenovePosted by: Ruth Bannister 17th November 2015</b>SIG plc with EPIC/TICKER LON:SHI had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at JP Morgan Cazenove. SIG plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 165 GBX on its stock. This now indicates the analyst believes there is a possible upside of 32% from today’s opening price of 125 GBX. Over the last 30 and 90 trading days the company share price has decreased 52 points and decreased 78 points respectively. SIG plc LON:SHI has a 50 day moving average of 162.76 GBX and a 200 day moving average of 190.96 GBX. The 52 week high for the share price is currently at 212.2 GBX while the 52 week low is 117 GBX. There are currently shares in issue with the average daily volume traded being 2,167,253. Market capitalisation for LON:SHI is £711,755,382 GBP. SIG plc is a United Kingdom-based distributor of specialist building products in Europe. The Company is engaged in is the supply of specialist products to construction and related markets. The Company product and service offering’s three core markets include insulation and energy management, interior fit out and roofing products. The Company operates in two segments: UK & Ireland and Mainland Europe.
