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Thanks for posting! Posts are becoming a "collectors item".
I cannot work out what CD &Rs gameplan is. What will move SP? The longer it stays low, the more likely a low bid will be accepted?
A perennially disappointing share. Why do I fall for these recovery stories? Three years and waiting...
In the results they say it's a key element of their strategic plan "to drive operating margin growth over the medium-term to our target of 5%". Says it all really. A low quality business in a tough sector. Whoops!
They have another 1% to go before they have to bid for whole lot
Hi there, you got skin in the game with sig?
I have and bought back in 2019. Still way up but agree, perhaps the ceiling has been reached.
Didn’t expect to pull it back by end of the day, sitting at 30p again… for now
This is exactly what I have been predicting for 3 years.
SIG is a distributor of building materials (including insulation) that has run into financial problems due to incorrect policies. They have no money to build a workable stock. They no longer have the added value they used to have (knowledge, stock, etc.) due to successive reorganizations and management changes. That's why they have to drop their pants to their ankles to be able to sell anything.
It is not due to "challenging market conditions". After all, their competitors are doing well.
The next step will be to divest all their activities on the mainland (2025?) to have capital back. Whether that will yield a dividend remains a question.
Kingspan is a manufacturer. SIG is a distributor.
That would be true if CD & R were not largest shareholder.
Hopefully we get a pay out worthy if that happened
Heading for the breakers yard
No government's going to be in a position to fund a insulation programme. Its now cheap enough to buy and split up for a quick profit .
Yes - pretty poor results but possibly hitting a floor soon. In contrast Kingspan share price doing nicely, when they blocked the bid it suggested that SIG was in a non-competitive market, the results don't reflect that.
And they're out!
Nothing special. Just plodding along. I've held this share for nearly 4 years now and it's been a perennial disappointer. Year after year management drones on about executing their 'recovery strategy', which never seems to makes any progress. Another year with no divi, so we're not even being paid to wait.
My patience is at an end. If it looks like a dog, acts like a dog and sounds like a dog, it is a mangey dog! Onto the cull list Sig goes. Just waiting for an opportunity, I'm so ready to move on.
Well if today’s price action is anything to go by - looks very much like another cautious statement is in the offing for tomorrow. Been too long a wait here for the climate to improve & the divi to return. Fingers crossed I’m wrong but can see 28p at this rate. Only hope is the summer building boom kicks in
If it is concluded worse is over SP can get over 40p quickly. From there all about possible takeover by CD & R. If they feel they can get the lot for starting bid of 60p which will be rejected, an improved bid of 75p would probably do it. Other than that, we will not get to 75p for years, hope I'm wrong!!
Probably won’t be too good but it’s starting to pick up abit on site now so hopefully future is looking okay
COLD FEET!!
Down nearly 5% now
This is the kind of news we would be seeing. Incidentally, the opening bid and the updated bid are pretty much spot on what we would be seeing with SIG. Different companies, but idea the same, both stuck in a rut!
https://news.sky.com/story/predator-elliott-returns-with-750m-bid-for-electricals-chain-currys-13082128
Https://uk.finance.yahoo.com/news/brickability-shares-slump-construction-slowdown-084448159.html
If this is anything to go by, can we except similar from sig
As long as not worse than expected, it could move SP.
CD & R have deep pockets and can stick it out with SIG as long as they need to. Unfortunately, their stake is too big so if a smaller player came in and started building a stake with a view to a full takeover at a low price, CD & R would ''pounce''.
They won't takeover SIG themselves and won't let anyone else takeover instead. I would say to them please ''put up or shut up''.
I don't really understand what you mean, but it interests me.
Are you saying that CD&R's influence makes it impossible to take smaller companies to the market?
Or do you mean that this will make it difficult for SIG to sell its brands?
C D & R is a ''poison pill'' their stake is too large and prevents other smaller players whom specialise in taking companies private, doing to them what the post below suggests and quickly listing them back on the market.
SIG is and remains paralyzed: they don't have enough money for operating resources. In the last 5 years they have done too many restructurings, which means they cannot give their customers the desired service. They lost many skilled employees, have hardly any stock... Hence the policy of low prices, which sinks them further into the swamp. Customers drop out because of poor service. Competitors anticipate growing market prospects much more quickly.
I expect them to sell a lot of companies in Europe in order to completely withdraw from the British and Irish markets. That could perhaps be a turning point.