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Although it shrank 1.5% in first quarter.
'UK economy gears up for recovery, grows 2.1% in March'
Reuters
What is of importance to us is Sig continuing to increase market share as reported, and
"The momentum we have seen through March and April, together with improving visibility on the near-term order book, means that we now expect the Group to deliver an underlying operating profit in the first half, returning the Group to profitability earlier than expected."
Skilled trades cash in on booming housing and repairs market
By Dave Rogers12 May 2021
Other professions seeing pay packets rise include M&E operatives and shopfitters
Skilled trades such as bricklayers, plasterers and electricians are cashing in on a booming housing and home improvements market with weekly wages going up by an average of 20% in a year.
Other trades seeing their wages jump since last April include roofers and joiners, according to data provided by self-employed payroll provider Hudson Contract.
Need to do something about retrofit.
https://rcimag.co.uk/news/industry-reacts-to-queens-speech
I agree. We dont seem to follow the ftse or the 250 though and certainly not the Dow.
carnage caused by an ''overvalued Dow Jones'' which needs to fall 5000 points which it won't. Even if it falls 3000 over the summer, SIG can still be a quid.
Absolutely rein and its carnage out there today raleigh. But we are well undervalued with very promising recent updates so it is only to be expected that we hold on to some of those gains. No real resistance until 58/59 and even that is not strong so this is just a little blip against the prevailing winds. Very welcome day for a little trading.
resilience is what we are seeing. There is a global selloff and yet we may finish flat.
Not a very good day all round. But probably a good day to buy more here if you want. There is this business with shortages. That, common to most construction related, will sort out, but may be putting a few off with that occupying some of the press at the moment. And anything they can't supply, will go into orders. It will have to.
Just topped up another £20k ahead of the AGM. Have spoken with our accounts manager at SIG (as I work for a house builder), they're completely flat out, and have drivers working more hours to fill the orders. Some materials are becoming bare on the shelves but essentials are being filled. Roll on Thurs
Agree with Greatcrestednewt. That gap will be filled rapidly imo. Hang on to your hats.
Such is the appeal of technical trading.
Still, always good to have multiple ideas backing each other up.
Great crested,
I do a complex point and figure calculation over Hundreds of entries , weeks of research , watched it fall, bought through the accumulation period on any weakness , watched the large interest slowly take out weak hands ,held through the first rise etc etc Whole process taken over a year.
And you come up with the same figure from a gap trade. WTF .
Think you are right on the money however.
Look at the buys today (4x). Not many selling. Looking v.good
Looking good!
Getting closer. That's on top of the telly mind. Got that. Colour one, it is.
And what a fine line it shall be. If you are not careful you will be affording one of those brabantia models.
It is hard to see some manager somewhere has not seen something in this. After all, the great unwashed did. I hope so. I'm saving for a rotary clothes line.
Raleigh, someones buying these and it isnt retail!
Appleby, would love to see the details of how you came to those numbers. For me, it coincides very nicely with the gap 119.25 - 99.47 on the daily which is just begging to be filled.
For the record, I think this is the last we heard from C D and R?
https://www.lse.co.uk/rns/SHI/holdings-in-company-eqh2d4n4p4waw8p.html
And there's always the chance another institution has been buying in. Speculation.
I don't make price forecasts, but obviously I see it going up, and the moves into underlying profit followed by bottom line in my mind will be newsworthy and I think mark step changes for investors. Yes, buy more please CD and R.
We know this little bit, but nice to see 'the papers' are taking some note.
https://www.thetimes.co.uk/article/construction-supplier-sig-has-last-years-damage-repaired-839p5dz0l
Easily see this figure being reached and this could happen a lot sooner than we think. I understand C D & R still own less than 29% of the company, if that is the case topping upto 29.9 in itself would take the SP further, coupled with the speculation this would bring with it.