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Well, the ones that count are them out there buying and selling, and on balance so far they seem to like it. See how we go this week.
Hi all, (post from sick dick earlier this year)
I’m new to investing in shares and find this forum very interesting and informative. I’ve been involved in the construction industry (which includes working for Sheffield Insulation and other suppliers to the insulation market) all my life and have put all my eggs into the buy to let market up until now. I’ve decided I’ve got a big enough portfolio now and hence my decision to diversify into shares. I’m also very interested in economic cycles and use this knowledge to ‘time’ my investments into property. As the stock market performance is also linked to the economic cycles (in my opinion) then I feel a lot of the knowledge I’ve gained about investing in property can be put to good use in buying and shorting shares.
As part of my education I’ve subscribed to Stockopedia. I’m very impressed with what they have to offer as a whole but very unimpressed with their view that SIG is a sucker stock. This is their worst categorisation of a share.
Despite their view, I’ve made SIG the biggest part of my current share portfolio by far. I feel their very poor categorisation of the share is probably impacting the share price. I would imagine nearly all Stockopedia subscribers would avoid buying the share or may even short it. They have guru screens and one of them does class SIG as shorting material.
Given my knowledge of the company, construction industry and economic cycles I’m firmly of the view the share is a strong buy.
If any members of this forum are also members of Stockopedia it may be worth your time to post on their forums and maybe start to change the narrative about the share to help get the price up to where it should be.
"I’ve looked at plenty of charts going back many decades to help come up with my forecast. I’ve also looked at where we are in the economic cycle and the work of WD Gann in particular his Financial Forecast. I’ve also been keeping a close eye on the economic indicators for years now and things are playing out just as they should"
when price was just below 43p guess who reckoned we should sell
madmick,
For context it is best to read the Liberum comments from the 10th Sep and relate them to the positive progress made so far despite raw materials inflation and supply interruptions, this is a good set of results and for this Board a bullish outlook
LIBERUM UPGRADES SIG TO 'BUY', SAYS RECOVERY 'JUST GETTING STARTED'
(Sharecast News) - Analysts at Liberum upgraded insulation and construction products supplier SIG from 'hold' to 'buy' on Friday, stating the firm's recovery was "just getting started".
Liberum, which also hiked its target price on the stock from 55.0p to 65.0p, stated that SIG's share price could double if its new management team delivers on its growth strategy and also highlighted that there was "material margin upside" to be delivered if the firm's recent sales momentum continues.
The analysts also think the market has missed "the step change in momentum" brought about by SIG's boardroom shakeup and strategic partner.
"Our analysis of the sector shows management's targets are achievable. SIG is well placed to go for growth. It has a strong balance sheet, an incentivised strategic partner and has supportive regulatory tailwinds," said Liberum.
"SIG's valuation is too cautious if the sales momentum continues. The shares trade at 0.3x EV/sales. If it can deliver a 5% margin, we believe this could justify a 0.5x EV/sales multiple."
Hopefully once you've had your meds you'll be able to confirm there is substance to your previous comments and they are not just your (not you're) subjective opinions.
Need to run matrons coming with the meds
Up o.28% lol! OK I got it wrong. I'm not perfect you know. Expect a downward trajectory for the rest of the day.
And we're still waiting for you to back up your previous ludicrous comments. What are you wating for?
Get on with it man!!!
How did the share price open
The key words are in the para below, "profit will ne ahead of prior expectations", the share price should open significantly above yesterday's closing price
"Trading in July and August has continued to be solid and we expect continued profit improvement through H2 2021, despite the ongoing impact of material shortages and cost price inflation. As a result, providing the disruption from these headwinds does not worsen, we now anticipate full year underlying operating profit will be ahead of our prior expectations."
So what do we think of those results? Any expectations for share price change in short term?