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"The momentum behind our Return to Growth strategy is positioning the Group well, and we have growing confidence in our ability to take advantage of ......including market tailwinds from sustainability initiatives."
It's been a bit of a mess so far and slow, but insulation will be on the way as part of it all.
Firms chasing spots on £750m retrofit framework By Tom Lowe23 September 2021
Four-year Fusion21 deal to be used for decarbonisation works on homes and schools Contractors have been put on notice for a £750m framework for decarbonising buildings launched by procurement firm Fusion21. The four-year framework will be used for energy-saving retrofits, with work including installation of new heat pumps, insulation and solar panels. It also includes architectural, engineering and fit-out services.
"Now that we are profitable again our focus is on completing the margin improvement programmes in the UK, Germany and Benelux, and continuing to expand the growth driven margin in other operating companies, and thereby moving the Group into stable and strong cash generation as a platform for the next stage of our strategy."
Following the plan, the next stage will be "Growth investments include new branches in all operating countries, upgraded ecommerce capabilities and highly selective M and A." I expect that stage is at the very least in the planning/enquiry process.
A mention online in Investors Chronicle. There is presumably more - I do not subscribe. SIG increases spend to get its house in order Rebuild of UK distribution arm looks to put decision-making power back in branches September 22, 2021 By Michael Fahy
* Cash outflows recorded as it secures supplies in tight marketplace * Improving margins will feed into full-year profit, finance director says SIG (SHI) is no stranger to restructuring. The Sheffield-based distributor of building and roofing materials has been through about a decade of them. The problem is, they haven’t been very successful. A focus on selling off unprofitable businesses and driving down costs led to it centralising operations and squeezing suppliers to achieve better deals. Its top line flatlined and, although it had some profitable years, the returns began to dissipate. “As everyone knows, you can’t run a business where you’re restructuring and shrinking the whole time. Eventually you just run out of road,” chief executive Steve Francis candidly put it.
If you're (not 'your) invested in bought to let then you've made a cardinal error in how you invest. Have you never heard of leverage? Doesn't sound like it to me lol! You'd have a much bigger portfolio if you were buy to let and would make treble the money you're currently making.
Such a novice mistake. Unbelievable.
Still waiting for you to back up what I consider to be your (not 'you're) subjective opinions of SIG that you blandish as hard information.
H & L as a company manage circ £100 billion of assets. Your probably right they don’t know what you know I’m guessing you have a few buy to let flats at average rents of £600 Rigsby not risy type there’s a fundamental difference between buy to let and bought to let we’re in the latter category average rentals £1240 We have diverse investments as far away as Australia As previously stated “your” in a different league it’s fun some days having you on the end of a string and bringing you out to dance every so often
My son works with Hargreaves Lansdown if he was half as smart as you he’d do really well but not everything in life works out I guess he’s not into risy shares his systems are way more than sophisticated more Champions league to your conference league I’d guess
Melseth, You'll be fine then if you've invested in T Wimpey. This is an excellent share to be invested in. The price will roughly treble over the next 4 to 5 years. I just wonder why you only ever comment on SIG? Take my advice. You should be invested in at least 10 shares to spread the risk. If you need any excellent recommendations I'd be happy to help.
I would just caveat what I've said by giving you a friendly warning. When the inevitable massive crash comes in 2026/2027, T Wimpey along with many other shares will fall around 80%. So make sure you have a trailing stop loss in place or you will lose all your gains.
Thank God you weren’t around when I bought TW shares at 5p in 2008 heaven knows what your amateur comments would have been still holding enjoying the dividend your a short term guesser a little knowledge is dangerous
Supp-up. Evergrande is no Lehman Brothers. Inflation is not a concern in the medium to long term. Stop looking for excuses.
The reason the share price is down is because it's a crap share. Most of the fundamentals are terrible as I keep pointing out. Why do you and your friends keep ignoring what's directly under your noses?
It was the concerns over more inflation woes with a possible collapse of evergrande in China ( construction sector always first in last out in any big slowdown, and we haven’t even got over the covid drop ) but luckily a deal although temporary has been struck : https://www.bbc.co.uk/news/business-58647212
So hopefully should see the markets respond more favourably today
I'm puzzled why the shares tanked. Update was good overall only caveat being supply issues that all companies are struggling with. That said any cost related increases will at the end go to the customer given demand outstrips supply in Sig area of business.
With improved numbers and new management my guess is VC's and HF's will be looking at Sig at these shareprice levels as a good buyout.
All theory of course but for now a good share to average down. My stop on this is 40p if I get lucky.