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Seems like a no brainer to top up on SIG. Lots of info out there to suggest that its dead in the water until it regains profit levels. We all know it will
Rebound in new commercial work sends output to six-month high
By Tom Lowe13 April 2021
city of london
ONS data also reveals GDP grew by 0.4% in February
Growth in new commercial jobs sent construction output to its highest level in six months in February as the economy began to reopen following the successful vaccine rollout, according to new ONS data.
New work in the commercial sector grew by 4%, the largest contributor to the 1.5% monthly increase in new work across all construction sectors.
…
Confidence recovering as more lockdown measures eased, Building survey says
By Thomas Lane13 April 2021
Optimism jumps 90% on figure recorded last December
Industry optimism about future work prospects over the three months to the end of May has jumped by 90% compared to figures published in December last year.
The results were revealed in a survey carried out for Building’s sister title, Building Boardroom, and cover current workloads and work enquiries plus future work expectations.
Taken from ADVFN Forum
https://www.buildersmerchantsnews.co.uk/SIG-UK-acquires-F30-Building-Products-/50911
Just for flavour.
https://www.globaldata.com/global-construction-industry-set-grow-5-2-2021-according-globaldata/
I know this is far from highly analytical evidence but I think it is an interesting barometer for demand in the construction sector - I've been building an extension at home for the best part of a year (outside of my regular work). For most of the last 12 months I have found suppliers reporting that they are busy but more recently every time I call Build It for more blocks, insulation etc the delivery time is consistently increasing, from having a good chance of next day delivery to today when I've been told next Wednesday earliest. I'd imagine they're prioritising their commercial clients but it's clear that they're flat out.
I accept full responsibility .I have zero restraint and even less patience at times and am well used to bad timing.
Make what you want of a little bit Eurozone stuff.
https://www.theconstructionindex.co.uk/news/view/eurozone-construction-returns-to-growth
There is a paywall. So this is the start of it - first movers in social housing making early steps to retrofit regardless of govt. support.
Major housing associations launch 300,000-home partnership to tackle decarbonisation
NEWS
09 Apr 2021
BY SARAH WILLIAMS
Five of the UK’s biggest housing associations (HAs) have formed a landmark partnership to tackle energy efficiency and decarbonisation across
Major housing associations launch 300,000-home partnership to tackle decarbonisation #UKhousing #SocialHousingFinance
Five of the UK’s biggest HAs – @abrigroup, @AnchorHanover, @homegroup, @HydeHousing & @HelloSanctuary – have formed the Greener Futures Partnership to collaborate on procurement and knowledge-sharing around decarbonisation #UKhousing #SocialHousingFinance
Abri, Anchor Hanover, Home Group, Hyde Group and Sanctuary Group, which count more than 600,000 customers between them, have together formed the ‘Greener Futures Partnership’ (GFP).
Over time, the organisations – whose joint turnover exceeds £2.3bn – intend to collaborate on procurement, building skills and expertise, and creating solutions for developing more affordable and sustainable homes while lowering emissions in existing homes.
The partners have signed a collaboration agreement for an initial 12 months, and over the period will consider future structures and vehicles to support their medium to long-term aims.
In the first instance, the focus will be on engaging with key stakeholders and in particular consulting with customers.
Peter Denton, chief executive of 48,000-home provider Hyde, who will chair the partnership in its first year, told Social Housing that recognising the unique relationship HAs have with their residents would be key.
“We are there to create sustainable tenancies for both communities and for customers individually, and crucially customer insight over the next 12 months is important. We need to understand how we can reduce fuel poverty, improve living conditions and improve lifestyle.”
Mr Denton said that the five-strong partnership had been formed in recognition that if decarbonisation goals are to be met, organisations cannot wait for grant but need to be “on the front foot of so many different areas”.
“For us [in the partnership], doing it with £2bn-plus turnover, 600,000 customers, 300,000 homes and probably £7bn to £7.5bn [combined] spend to 2030 on EPC – those are numbers and scale that make us sit up and think, ‘This is quite cool,’” he said.
Get a grip and accept some responsibility. This has nothing to do with 'rampers' merely your own bad timing and lack of restraint. This isnt some two bit low liquidity AIM share that can be pumped and dumped, stocks never go up in a straight line. We all get it wrong sometime but usually that can be corrected if one can employ just a little patience. Anyway, enough from me. Good luck with your future endeavors. You will be needing it.
Appreciate your comments last paragraph, exactly right. Rampers bailed at the top, well timed, as most would, but all the babble about long term from some of them did affect my decision making, to my own detriment.
Bought more approx 37.2, average 39.83, hence tiny profit sold some 7/04 at 40.4. I really wouldn't worry too much on my behalf, about exact numbers, prices, when I bought and sold. May sell remaining amount tomorrow, buy back in if it drops further. I don't know, nor care.
Well done Jack. Good to hear someone following their bearing.
My sentiments exactly GCN, and low volume? I have been in and out of SHI since April last year when prof was getting a slating from a poster whose nick escapes me. These shares have been frustrating, but i have always had confidence in the company. I tucked away 31,500 at 32p in last years ISA and that's where they are staying . These shares will muli bag in my opinion. With a market cap at 25% of revenue. It just depends on how long you want to stay on the train.
Some friendly criticism Beach would be to review where you are getting your share choices from. Sounds like you joined the party and the rampers left you behind. Don't buy the big movers the day after the party. I don't get any pleasure in seeing an investor losing money. Although peoples stupidity i do find fascinating..
What are you talking about beache?
I thought your average was 42.5?
Unless I missed something today there is no way you could have sold at a profit.
Perhaps you should sell them all since you dislike sig so much and buy a stock you believe in.
Beachfeont
Posted in: SHI
Posts: 62
Price: 40.20
No Opinion
RE: Recovery continues as expected25 Mar 2021 08:24
I'm stuck in at 42.5, absolutely no movement here, as always. I'll get out at break even hopefully
Relieved to drop half at slight profit today. Rest to follow, will guy back in if it comes back down. Lack of volume and positivity concerns me short, medium term
A huge boom is on the way. I’m buying construction shares like they’re going out of fashion. Lots of multi bagger potential.
Might be worth waiting until later in the year though after the market correction in May.
FYI - https://www.markiteconomics.com/Public/Home/PressRelease/4a92082b9ed14581a5de137af3ca6e5b