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it will be interesting to see how much cash?
13 of those jobs posted in the last week...
I think I will be adding more to my cache in a few moments.
Thanks for sharing this Trinid. This is very important. Sales must be booming indeed...
And now SIG has a lot of funds in the bank and a good business plan to exploit the market.
I really can't wait till the results tomorrow.
A
just saw the following on ADVFN .........Seems positive.
SHI continue to take on plenty of staff: there are 25 jobs advertised at https://www.indeed.co.uk/jobs?q=Sig&filter=0
This would appear to augur well as, perhaps, do the first half results at Kingfisher where profits were up 47%:
https://www.ft.com/content/b8be7608-7183-48b2-b547-e1939619fd9c
A bit like pantomime. Booooooo!
Devils advocate. It keeps the board live and promotes positive counters.
This is my first post . Why is this union Guy so negative in every chat and in every other share chat I have found him in..smh
Really disappointing
Agreed - in these times of volatility- a small payment like that is meaningless. However, no matter what brass neck he may have, announcing underwhelming news on Thursday will undermine his credibility and as a CEO that is usually fatal......in the longer term. His argument will no doubt be he is feeling some pain in his holdings - not really as they were a gift in truth or a payment for ‘services YET to be rendered....!’......
You can argue it for ever. Officially, it was awarded for his 'plan' and I think bringing Sig on board. And they needed somebody. But the fact is 40% of voting shareholders did not like it. Done and dusted now.
Premature bonus payment for coming onboard.....no other reasons needed.....He also was placed by private equity to sort PV and even they could fix that mess / fraud.....
Yes do you have any evidence to support your wild conspiracy theory?? Looking at CD &R and the too numerous to count businesses they are invested in it does not fit their MO at all. Roll on Thursday!
CD &R have the firepower to take this company - the only issue or fly in the ointment is IKO. They will be seeing a poor return on their holding at present as they have been involved for a long time. The PE guys are always looking under stones to pick off the badly run companies - SIG being a prime example. They could take this private and in effect bail out IKO and anybody who thinks those conversations have not already taken place are watching the wrong cup- so to speak. CD&R have their place man in Francis - he will deliver the CD&R strategy regardless of market conditions or sentiment. I witnessed an in essence busted plc manufacturer Scotland - Superglass plc be picked off by a Russian based PE group - Inflexion Management. They bought at 8p a business whose plant alone would have cost £50m to build and an 11 acre site on which it sat on. The share were 4.6p when they bid and won the business. They key to the deal going through at a ridiculous low enterprise value of £11m was they had their place man as CEO - Ken Munro who would have done anything to join the fast growing Russian backed Cyprus based Inflexion Management. So I repeat the PE guys will get their pound of flesh here.....easy.
News in 2 days this will head back to 30p+
Union is perfectly right.
Private equity is loving this sell off by people losing their bottle.
Here are back at the station called CD&R......anybody want to give away more of the company to the PE party.......22p by the close. No announcement on Thursday will rectify this tanker......!