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Benefit from regulatory changes
Charlie Campbell, an analyst at Liberum, believes SIG is extremely well placed to benefit from the significant changes being made to building regulations.
“The regulatory tailwinds materially improve SIG’s growth outlook, in our view, as they should drive higher demand and help SIG to achieve its growth strategy,” he said.
Improving the energy efficiency of new buildings is already a key priority, he pointed out, but the performance of existing buildings is also expected to come under increasing scrutiny.
“SIG’s core products, insulation and roofing, are critical to improving the energy efficiency of residential and commercial buildings,” he added.
Yoor dancing to my tune
Melseth, you need to do better than that. Your (not 'you're) credibility has gone down the toilet.
Answer my questions and restore what little of it is left. What are you waiting for?
Get on with it man!!!
Yawn yawn zzzzzzzzzz
Melseth, I wouldn't go around calling others dumb when you don't know the difference between 'you're' and 'your' lol!
'CD & R might have five bob.' I'm afraid 'might' isn't good enough. Do you know if they are planning to throw more good money after bad or are you just giving us your subjective opinion?
You should know that eventually the share price does reflect the profits of a company. may I suggest you revisit the excellent educational posts I've previously done.
It's my contention that the share price is currently overvalued so at the moment the market has got it wrong. It's only a matter of time before it gets it right.
Is 'dividend by next June' also your subjective opinion or can you back up this comment?
Silly dick your way dumber than you let on
Clayton, Dubilier & Rice Might have five Bob to help find acquisitions
When did share prices reflect current profits of companies you bore me so won’t waste time giving you basic lessons
Dividend by next June
Melseth, I think we'd all be grateful if you could let us know where SIG are going to find the money to buy other companies. It certainly won't be out of profits.
Also what makes you think the share price is going to go up so much in the near future? The fundamentals are terrible.
Given your 'inside line' can you tell us all when the dividend will be reinstated? Until this happens the market will view the company as still struggling very badly financially.
2reincarted, I think we'd all be grateful if you could flesh out why you think the share price is going to go up so much in the near future. I can't see it myself for the previous reasons I've outlined.
Wish it would start moving towards it then
60p could be seen within 2-3 weeks and a quid in 2-3 months.
From within the business I worked there for almost 20 years
Melseth............where are you hearing that ?
I’m hearing SIG are moving into acquisition mode readiness
For next year: major consolidation will take place in the sector M&A activity is booming worldwide the target price of mid 60’s will be achieved comfortably in next 2-3 months
Pootle along into Tuesday now. See how things are going after their last.
https://www.lse.co.uk/rns/SHI/trading-update-xfpb7m6t0yv780u.html
There's a wave of thinking going on, yet to be translated into retrofit in volume.
https://www.bdcmagazine.com/2021/09/retrofit-service-to-train-3500-builders-from-greater-manchester-in-green-skills-by-2026/
Bit more recent comment on retrofit, social housing stock.
https://constructionmanagermagazine.com/finance-overcoming-social-housing-retrofits-biggest-barrier/
TV suggesting govt Heat and Building strategy ( including subsidy for insulation ) may be released by end of month. Industry been lobbying for something deliverable since Green Homes failure.
You'd do better to focus on the macro picture instead of constantly harping on about micro issues. Let me enlighten you.
Construction is going to continue to boom for the next 4 years or so. Day to day issues should be of no concern to anyone. Many good construction related companies will multi bag in this period. Unfortunately I don't put SIG in that category.
A little more on the last. Lessons for the future.. https://constructionmanagermagazine.com/spending-watchdog-criticises-overly-complex-green-homes-grant-failure/
And a drop today. Possibly contributory:-
The stock market took a tumble on Wednesday as investors started to digest the implications of the recently announced tax rises by the UK Government.
Some are worried that the rises could lead to a slowdown in economic activity, with the FTSE 100’s housebuilders facing the brunt.
The four biggest fallers on the leading index – Taylor Wimpey, Persimmon, Land Securities and Barratt Developments – were all in the building sector and helped drag the premier index down 53.84 points, or 0.75%, at 7095.53.
But the pain was felt across Europe, with all eyes on the European Central Bank, which is hinting that financial support could start to taper off.
This story continues. I think they'll have another go at it when their Heat and Buildings Strategy paper is released. The alternative seems unacceptable.
"Government slated for ‘unacceptable’ delivery of Green Homes Grant scheme
By Joey Gardiner8 September 2021
Retrofit
Auditornews says abandoned £1.5bn domestic retrofit discount scheme will help less than a tenth of the homes originally targeted
Government auditors have slammed the ‘unacceptable’ delivery of the £1.5bn Green Homes Grant scheme which was supposed to help fund 600,000 green domestic retrofits but was ultimately closed this spring after paying out just £36m in vouchers.
A National Audit Office report released today concluded the scheme was delivered to an over-ambitious timetable and “not executed to an acceptable standard”, with NAO head Gareth Davies describing it as “rushed”.
Getting houses heat pump ready the spin off with greater quality insulation will hopefully work wonders here
GLA
On that, and following the failure of the Green Homes Grant ( insulation ) scheme, the industry is waiting on the release of the govt’s Heat and Buildings Strategy, aimed at incentivising homeowners and social housing associations to transition to emission free homes.
Perhaps it will be out before Cop26 in November.
Lobbying continuing to gather pace.
https://www.building.co.uk/news/prime-minister-told-to-publicly-fund-national-retrofit-scheme/5113466.article
Construction materials manufacturer and supplier CRH reported positively today.
https://www.lse.co.uk/rns/CRH/2021-interim-results-4bq8edxk9jdu806.html
“Based on current trading conditions and the positive momentum that we see across our markets, we expect second-half group EBITDA to be ahead of a record prior year."
Merchant sales hit new heights
1 hour Latest analysis of builders’ merchant sales shows the second quarter of 2021 as the busiest on record.
Busier than ever...
Builders’ merchant sales in the second quarter of 2021 were 20.3% higher, by value, than in Q2 2019 and 96.0% higher than during the locked-down Q2 of 20202.
The point of sale data is gathered for the Builders Merchants Federation’s Builders Merchants Building Index (BMBI).
The latest BMBI report shows that all categories sold more in Q2 2021 compared with the same period in both of last two years.
Sales were also up compared to the previous quarter. Sales in Q2 2021 were 24.1% higher than in Q1, with two less trading days in Q2.
Builders Merchants Federation chief executive John Newcomb said: “This quarter’s results reflect both the strength of the current market and the vital role of builders merchants in the supply chain. With high global demand and UK workloads continuing at extremely high levels, merchants have done a fantastic job managing product demand and supply. The challenges faced in the first half of the year are likely to continue and the building materials supply chain will be working closely with customers to keep projects on track.”