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Fair enough Mr E. Welcome aboard. Lol. Make what you will of the stockopaedia commentary, we all have a little giggle about it here...in the space of about 4 weeks it has gone from sucker stock to value trap to something else to turnaround. Websites with a decent following being increasingly positive is never a bad thing though so quite happy they are regularly improving their ratings. Imo their disqualification of short positioning is mostly to do with the technical side of things - you would either be very brave or foolish to short this now on just about any time frame. Our friends over at ennismore are most likely just hedging a large position for someone.
... sorry, that was supposed to show a smile :-) but is showing as 2 question marks
... thanks GCN, I'm mostly buying stocks with a view to trying to hold onto them for a couple of years and (fingers crossed) not lose too much. Shorting isn't something i want to do.
I did read up on the subject when the GME thing first start and I reasoned that all stocks are open to shorting at anytime.
My question came about when I read that it doesn't qualify for shorting,
LOL I thought I'd missed something and there was a criteria to make a stock "exempt" from being shorted or that a rule had been brought in to stop or reduce shorting. I couldn't see that happening so was intrigued... thanks again ??
Mister E. Many reasons to short a stock. Strictly speaking on a naked short anything in an uptrend doesnt qualify unless entering a closely monitored quick counter trend play, but of course that depends upon which time frame you are playing and your rules. Probably time to do some reading and educate yourself though before risking your capital.
Hi MM, I'm new to shares ... what do you mean it doesn't qualify for shorting, how do i know when a stock doesn't qualify so I can avoid it?
Good to hear it mick.
Nice to see a little positivity going into the long bank holiday.
Have a good weekend and enjoy the new freedoms everyone
Also does not now qualify for shorting.
Now showing as Turnaround which is a positive category. Big change quite quickly from being a Sucker Stock.
Thanks mick. Thats interesting. Really though it matters little what they think good or bad. The only thing that matters is next weeks update, and if Francis has managed to pull one out of the bag to get us closer to profits.
Gone from Sucker to Neutral to Momentum Trap. The logic is that the strong momentum is making the stock look good but Quality and Value are low so overall the stock should still be avoided.
I’m expecting the next tag to be Adventurous if the coming update is positive.
Quality and Value.
Mick what are the other two metrics?
Good ol' stockpaedia :-)
I thought they upgraded us to something like 'speculative'?
Stockopedia is starting to view SIG more positively. Of their 3 key metrics they’ve got Momentum as 85 out of a hundred now which is a very high score. This is an increase of 48 over the last 30 days.
The overall score is now 48 which is up 23 over the last 30 days.
They must have read our discussion mick :-)
SIG has now improved on Stockopedia to Neutral which is a lot better than being labeled a Sucker Stock.
Yes. Though a bit annoying maybe, I think we on chat boards may dwell unnecessarily on that sort of thing when it is raised on here, in the absence of 'proper news." I expect things to start to come together when we get the full results. Figures, and other reporting including outlook will give pundits and analysts something to go on some time after recapitalisation. I think Jeffrey's is still on 35p., Citigroup 36p., and Peel Hunt 38p.
Stockopedia is brilliant, but in a fast paced market, it’s info can be laggy. sIg is a prime example of that. The reality is that it has been a sucker stock for a long time. But the stockopedia ranking won’t factor in things like recent trading updates etc. It’s a superb tool to use, but sometimes the name of the game is to find value where others haven’t yet, I believe SIG now falls into that category as it is now well funded, has a great CEO and the turn around is well and truly in progress.
I’ve been impressed with Stockopedia and feel it’s a good starting point for share analysis. Their research has shown that sucker stocks have a 1 in 3 chance of being profitable. Whereas their super stocks have a 2/1 chance of success.
Having worked for Sheffield Insulations and having a construction background I just feel their analysis is wrong about this share. Their data doesn’t factor in things like them being market leaders and the green revolution.
My knowledge of of economic cycles also leads me to believe a boom is close at hand and during the last boom construction stocks did extremely well. SIG increased around sevenfold during the last boom from 2002 to 2007. I’m hoping for a similar if not better performance from now until around 2006/2007.
Ftse fan I'm not quite sure I follow your train of thought...on the one hand you believe stockopedia/sucker stock status and yet on the other hand you say you have a substantial holding? Seems counterintuitive to me. In fact this sounds like you too ignored the nonsense that gets published to help institutions reposition.
I really wouldn't dismiss Stockopedia and they are far from self proclaimed gurus. They regularly outperform the market by a hefty %
Re SHI as a sucker stock it was considered a Sucker Stock from June - Sept then the chart moved quite bullish. It went back to a sucker stock early Jan to the present, however it has slowly grown in the value score. It takes a little time to work through Stockopedia and the purpose is to give you hard cold facts to aid the subscribers make a more educated decision.
You will find that the regular writers will find and write about a less favourable stock way before it moves upwards and they will always make reference to the Stockopedia scores and qualify their reasons why it should now be considered.
For the record SHI was put on the radar by one of their regular writers about 9 months ago when it was a Sucker Stock.
They still stand by their findings.
I have substantially sized holding based on all the information from Stockopedia. Following further homework it has now been tucked away for the long term. You are in good company with them.
Thanks for the welcome Prof. I’m very impressed with your insights into SIG and you have confirmed my gut feel that this is a share and a company that is headed for great things.
As a newbie to shares I’m mainly using my common sense at the moment to pick shares. I think with the QE pumped into the economy construction will do very well over the foreseeable future. As the market leader and with insulation going to play a big part in us hitting our green targets it seems logical to me that SIG are going to do very well.
I was shocked when I saw how low the share price had fallen but pleased as well as I bought at what I think will turn out to be a great price.
Welcome on board Mick! I'm into real estate too, but I don't plan to purchase anything else for a number of years to come -- I think we've already peaked there in terms of capital appreciation and Theresa May's tax changes have taken much of the profit out of the rent too. I take pride of being stupidly nice to my tenants but as the shortage of houses gets more intense in Britain, even the responsible landlords will be construed as evil too...
As GCN rightly says, most of these stockmarket gurus are a joke. If they were so good, they'd be living in a private island, not writing nonsense at Motley Fool for a few pennies per piece.
I'm mostly here to make some good money, but I will also take some personal satisfaction when SIG takes off. I'll take screenshots of what these experts say "before" and "after". haha
The SP here will really fly when there's actual profit (and then dividend). So far, any rises have been mostly because of speculation for the profit to come. However, there's mounting evidence that SIG is turning around and the company will be at the centre of things to come in construction. The next few trading updates will be positive and will lift the share I believe.
Good luck everyone
:-)
At the moment it shows promise. It will become beautiful when we break north.
Many thanks for the warm welcome. I’ll be honest I don’t know if the chart is a thing of beauty or not at this stage of my share investing career.
Happy to take your word for it though!