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https://www.belfasttelegraph.co.uk/news/republic-of-ireland/no-guarantees-that-construction-will-resume-on-april-5-housing-minister-40162952.html
But then big regeneration planned.
CLC to push for national retrofit strategy after Budget silence
By Tom Lowe5 March 2021
london housing
Chancellor’s failure to promote green homes initiatives prompts group to demand action ahead of UN climate change conference
The government is coming under increasing pressure to adopt a national retrofit strategy after the initiative was left out of Wednesday’s Budget.
The Construction Leadership Council (CLC) intends to make a “much wider noise” about the initiative ahead of the United Nations climate change conference (COP26) in Glasgow in November if the government has still not adopted the scheme.
…
Lets hope SIG can match the demand and fulfil all orders
Eu Green Transition Fund, formally approved yesterday. Snippet of an example.
"To achieve EU climate goals, Poland will need to increase annual investments by an average of 13 billion euros, targeting electric vehicles and upgrades to buildings and energy infrastructure, according to consultancy McKinsey.
Poland's share of the JTF is roughly 3.5 billion euros. That will be bolstered by other parts of the EU budget and 750 billion euro COVID-19 fund, more than a third of which must be spent on climate action."
Indicators good. If shortages and resulting delay to works foreseen, majors will I believe look to stockpile.
https://uk.finance.yahoo.com/news/uk-construction-pmi-ihs-markit-february-094026260.html
And this will all come down the tubes, anyway.
https://www.socialhousing.co.uk/news/has-approach-lenders-for-retrofit-carve-outs-69846
HAs are beginning to scope out the cost of decarbonising their stock by 2050, with a range of estimates on the potential costs of doing so. Consultancy Savills has estimated that £3.5bn will need to be invested annually by the sector. Meanwhile in Wales, one estimate places the total cost of decarbonising the sector’s current stock at £4.8bn.
There is retrofitting going on anyway, leading to an 'extra' market, which may be of benefit to Sig. This sort of thing.
https://www.constructionenquirer.com/2021/03/04/vistry-sets-aside-20-9m-for-cladding-retrofits/
looks like SHI would close over 40p today
Great find Raleigh! ?hanks for sharing.
This scheme is important because SiG would benefit massively from this. They're the biggest provider of insulation and this scheme is very specifically about insulation, for everyone, subsidised and so 2/3rds cheaper. In addition, early indications were that households were thrilled about subsidised insulation.
It was very clear in my head that some kind of solution/relaunch needed to be in the 2021 budget but I guess the government needed more time for this. They're getting criticism from Labour for not being green enough and as Kier's popularity rises (he's solid, for a change), they'll seek to do something to stop this arrow.
The industry, as you know, is clamouring for a working strategy. It is fundamental to net zero. I agree, it cannot be ditched as to hard to do.
Professor.
It is just possible we may see something you would have liked to see today within the next 3 months. This document, published today, page 105, Heat and Buildings Strategy.
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/966176/Plan_for_Growth_Web_accessible.pdf
No point in covering old ground, but CD and R investment and ours ( my view ) in Sig as a recovery share was not predicated on particular budget news. Economic growth through construction remains a key part of Govt., here and EU, plans. And the green agenda, recladding and insulation and all that stuff.
So, no particular budget news, if you view it that way, is not a setback, and the early signs are optimistic, that the recovery stock is.....recovering. What have we had, so far from the company, actually - recapitalisation, CD and R topping up, and a positive trading update.
I expected some kind of a remedy for this issue: https://www.openaccessgovernment.org/uks-green-homes/104560/
They tried it, didn't work, so they will need to re-launch and improve at some point. I thought the moment would be now... But no. News for this will come though.
The important thing here for those who noticed:
The slightest expectation for good news send SiG 20% up in the space of a week.
Imagine what will happen when the news about actual profits in 2021 come to the market...
25th of March.
The budget was a disappointment for construction and particularly insulation...
Never mind, we have the trading update soon. It won't rise linearly this share.
Gla
Looks like more than you were thinking that. Just think, you may all be coming back together!
I'll put this to bed for now - hoping for a re-entry at 37p prior to announcement (which will be positive...hopefully)
Yes GC Newt. I tend to work in round numbers. Filling the car can be a frustrating experience for those present.
I imagine this will peak at 42 purely down to volumes changing hands
Well I really wasn’t expecting to break 40p this convincingly!!! Happy days if we close over 40
moving now ,
SHI Bid:41.2p Offer:41.48p Change:3.82
Resistance Point 42.507
Resistance Point 40.753
As you know I got that one wrong and it hurt!
Raleigh 40p is a round number which I'm sure you know always creates an artificial resistance point, coupled with the precious high in june but it was a while back now so less important. As you know the charts are only guides telling you what the crowd mentality is doing and can only suggest points you may wish to adjust your position, of course it only offers probability that the market may go one way or the other as we all found out a few months ago.