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Cheers BlackMac - this will be a long-term hold for me too. I don't work too far from the Rose Street development and intend to go down and have a look soon.
Glad to see a post on Sigma, my last post was over a year ago and no replies. Have been in for about 3 years at 88p watched it to 110p for a short while then back I to the low 70's, so with good news and ,I think, very good future prospects hoping to see a good steady rise soon. Good luck to us and any good new posters.
Promising sector and the future for affordable housing in big cities with growing populations and struggling buy-to-letters like Gtr Manchester. Three 20k buys gone through in the last 24 hours. PRS mentioned in IC this morning, 250M fundraising and 200m debt should fund 3100 more homes. We're over the 105p spike - and while I suspect it could drift back down below a quid on no news I'm taking an initial stake here in case a new floor is set. Spread narrowing, this and other more strategic property plays were scarcely touched by recent volatility. Will be buying in tranches.
This could be very good news for SIGMA with all these houses predicted to be built to cover the shortage, and we have some gains, nearly in profit for the first time for a lonmg time, keep holding as VG prospects for me anyway
this will start to move up with this announcement, a very quiet board, I feel I'm the only investor that is interested and following SIGMA, any others have ideas about this. I'm only a bit down and looking forward to high 80's to break even. Keep building and renting!!
Reliant on fund managers to take out product who have put shutters up Heading for the hills unfortunately or at least testing new lows
..is this down today because of Bloody Brexit. Don't understand why if it is, as all the housing is in the Uk, or am I completely deluded. I thought these were a nice safe stock, so any ideas would be welcome as to what has happened because my other shares seem to be doing OK, even though it is very soon after the referendum results!!!
Lots of buys today, I wonder why. I am confident in Sigma's business model which seems to be entirely in tune with what is happening in the housing market and am happy to wait quietly for positive news of progress.
Seems to be slipping back anyone have any ideas about this. Is it lack of interest, taking profits, something in the pipeline, or just the general malaise in the markets? Wish I knew, might be a time to top-up?
Very little in the way of coverage or comment recently but, although the price has drifted a couple of pence, I remain very confident that the company is well positioned in a growth sector of the housing market and that as a result we should be able to look forward to a gradual increase in the share price during 2016.
Very quiet recently in terms of number of trades, posts etc. Happy to,hold and wait for what I expect to be a positive year of progress
investorschampion 6 Jan'16 - 10:09 - 435 of 437 0 0 Sigma was one of our star performers in 2015 and the Group has got off to a cracking start in 2016, announcing a very positive trading update for the financial year to 31 December 2015 bringing out more upgrades from the house broker. Read more at hTTp://tinyurl.com/phy3z7f
SGM Sigma Capital positive again. Carrying on fom yesterdays big rise Broker following it N+1 singer as a SP Target of 150p. Present SP 108p
SGM Sigma Capital positive again. Carrying on fom yesterdays big rise Broker following it N+1 singer as a SP Target of 150p. Present SP 108p
NEWS OVERNIGHT........ BIGGER MOVERS MySQUAR (MYSQ) firmed 16.67% to 6.13p as it revealed a 150% jump in users to more than 2m between May and December. <b>Sigma Capital (SGM), up 13.9% to 106.5p, expects a FY pretax profit of more than GBP2m, well ahead of market views, after a stronger than anticipated H2.</b>
Thank you to everyone who posted some of the positive reaction to this morning's excellent progress report. I see SGM as one of my core medium term holdings which will prove relatively immune to global market worries as long as it continues to deliver positive numbers, as seems likely given the developments which are already in the pipeline.
Guardian Stock Brokers...... <b><i>Sigma Capital Group Plc (SGM.L) Announced, in its trading update for the financial year to 31 December 2015, that the second half of the financial year has progressed very well, with the rate of delivery of PRS units ahead of management's initial targets. Accordingly, Sigma is expected to deliver profit before tax in excess of £2.0 million, which is significantly ahead of current market expectations. The second phase of PRS delivery with Gatehouse Bank plc, for c.900 new rental homes, is now underway across Greater Manchester and Liverpool. This will deliver a run rate of over 3,000 units by the end of 2016, firmly positioning the Company as one of the largest housing delivery platforms in the UK and the largest in PRS. During the first half of 2016, it also expects to begin construction with second house building partner, Keepmoat. This will add additional capacity alongside long term partner, Countryside Properties, as well as access to further land opportunities in addition to our current pipeline.</b></i> "which is significantly ahead of current market expectations". Expect a good write up in Shares Mag and the IC.
A few thoughts that may be of interest to others. http://www.privatepunter.co.uk/News/sigma-capital-building-for-growth-5-january-2016
Sigma Capital Building For Growth 5 January 2016 While the China situation and Middle East issues continue to hold sway with the market heavyweights, those at the smaller cap end and with a UK focused operation appear to be fairing somewhat better. One company that has caught my eye this morning is AIM listed SIGMA CAPITAL a company focused on residential property and urban regeneration, with a particular and increasing emphasis on the rented housing sector (PRS). In delivering a Trading Update that cites pre-tax profits now anticipated to come in well above previous expectations, I though it worth taking a closer look at this one, despite the shares already rallying 7% to £1.00 each. Before taking a closer look at the business operations which it must be said appear to be in a market ripe for growth potential and profitable returns, it is perhaps worth noting the revised numbers issued from Broker N+1 Singer today. Having previously pencilled in a pre-tax figure of £1.5m for full year 2015, the Broker is now looking for a number that will exceed £2m on the back of an outperformance from its private rental home scheme for Gatehouse, along with some strong income generated from non-PRS projects. Despite upping the near term numbers however, the same Broker for now at least, retains the existing 2016 and 2017 guidance, which calls for pre-tax profits of £8.7m and £13.6m which would in turn deliver EPS of 8.7p and 12.6p. Sigma, with a current market cap of £86m now features as one of the UK's leading providers of housing in the Private Rented Housing space with offices in key cities such as Edinburgh, Manchester and London. Edinburgh home of Sigma's Head Office Edinburgh Office The company, which was founded back in 1996 listed on AIM in 2000 and has endured something of real rollercoaster ride for long term shareholders, the price back in 2009 slumping to just a few pence from a 60p high achieved in 2007. Since then, the tide appears to have turned as it has concentrated on delivering on large scale residential developments along with urban regeneration. A seemingly strong relationship cemented with Gatehouse the Kuwaiti backed Investment Bank appears increasingly important within an expanding business which sees the partnership delivering some 918 homes on fourteen sites across Greater Manchester and Liverpool. Phase 1 within this strategic relationship is already well underway with some 350 units now completed in a project that underpins the medium term prospects, while there are also some ambitious plans for further projects across the Midlands and the South of England for the longer term. Developments in such new regions could now drive Sigma’s run rate to circa 3,000 units by the end of 2016, which would be an impressive result for the company. In addition to the Gatehouse tie up, Sigma has also recently announced that it is preparing the first sites
The Telegraph........ SGM sees FY pretax profit significantly up on views Source: SMW Sigma Capital Group expects to deliver a FY pretax profit of more than GBP2.0m, significantly ahead of current market expectations, following an H2 that progressed very well. H2 saw Sigma's rate of delivery of PRS units ahead of management's initial targets. "The Company remains very well positioned for 2016 with work in progress ahead of plan as recent announcements have indicated," Sigma said in a statement. "Our second phase of PRS delivery with Gatehouse Bank plc, for c.900 new rental homes, is now underway across Greater Manchester and Liverpool, and our target for 2016 is to launch similar sized phases in two further regions in the Midlands and the South. "This will deliver a run rate of over 3,000 units by the end of 2016, firmly positioning the Company as one of the largest housing delivery platforms in the UK and the largest in PRS. "During the first half of 2016, we also expect to begin construction with our second house building partner, Keepmoat. "This will add additional capacity alongside our long term partner, Countryside Properties, as well as access to further land opportunities in addition to our current pipeline."
<b>Sigma Capital to beat market expectations Michele Maatouk | Sharecast | 05 Jan, 2016 07:49 - Updated: 08:08</b> Private rented sector and regeneration specialist Sigma Capital <b>expects to report pre-tax profit for the year to the end of December significantly ahead of current market expectations</b> thanks to a solid second half. The group said the second half of the financial year has progressed very well, with the rate of delivery of private rented sector (PRS) units ahead of management's initial targets. As a result, it now expects to deliver pre-tax profit in excess of £2m. The company said it remains very well positioned for 2016 with work in progress ahead of plan as recent announcements have indicated. Its second phase of PRS delivery with Gatehouse Bank for around 900 new rental homes is now underway across Greater Manchester and Liverpool, and its target for 2016 is to launch similar-sized phases in two further regions in the Midlands and the South. This will deliver a run rate of over 3,000 units by the end of 2016, “firmly positioning the company as one of the largest housing delivery platforms in the UK and the largest in PRS”. In addition, it expects to begin construction with its second house building partner, Keepmoat, in the first half of this year. This will add additional capacity alongside its long-term partner, Countryside Properties, as well as access to further land opportunities in addition to its current pipeline. Sigma is due to announce full year results in mid-April when a further update on trading will be provided.
What’s everyone tipping for 2016? 1 0 1 0 0 Posted 04/01/16 ​It’s that time of year when the investment community get out their crystal balls and offer up investment tips for the year ahead. With global equity markets opening 2016 in dismal mood, led by China’s 7% plunge on weak manufacturing data, it could be an interesting year for equity investors; will we see small caps continuing to outperform? Two leading AIM brokers offered the following stock thoughts for 2016… Download Dart Group comments N+1 Singer CEO Tim Cockroft considers the biggest area of concern for 2016 lies in what is happening to seemingly expensive assets. The fact that Bonds and Property seem so over-priced has always left Equities looking a relatively good play - with the caveat being if they fall then equities will not be immune. His “esoteric pick for the year” is a handful of Miners and Oil Explorers - BHP, Hochschild for the silver exposure, Shell and Statoil amongst the oil majors and then a smattering of tiddlers to go into the ‘binary bucket’. N+1 continues to believe in several secular growth themes in the area of IP such as cybersecurity where the CEO’s pick is IDEX with house stocks Eckoh and lPPlus two further exemplars of this theme. Carclo which was mentioned at the start of 2015 is considered to be looking exceptionally cheap on a SOTP basis and is probably still worth a look despite being up over 40% during the year, although the shares have been treading water for the past 7 months On the housing front they favour exposure to the lower priced bracket with house stock Sigma Capital (and a company we followed for several years) looking very well positioned. Their Top Picks include the Dotdigital Group (AIM:DOTD) and Sigma Capital Group (AIM:SGM) which we have covered, with the latter a particular favourite. - See more at: http://www.investorschampion.com/blog/entry/whats-everyone-tipping-for-2016#sthash.YBCDpWun.dpuf
SGM off to a flyer 11% plus as I post. What’s everyone tipping for 2016? Two leading AIM brokers offer their stock thoughts for 2016… Read about it in our latest blog in which Sigma Capital is featured. hTTp://tinyurl.com/h375h9b
REG – Sigma Capital Group – Trading Update 05-01-2016 07:00 For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20160105:nRSE7907Ka RNS Number : 7907K Sigma Capital Group PLC 05 January 2016 5 January 2016 AIM: SGM Sigma Capital Group plc ("Sigma" or the "Company") Trading Update Sigma, the private rented sector ("PRS") and regeneration specialist, is pleased to announce a trading update for the financial year to 31 December 2015. The second half of the financial year has progressed very well, with the rate of delivery of PRS units ahead of management's initial targets. Accordingly, Sigma is expected to deliver profit before tax in excess of £2.0 million, which is significantly ahead of current market expectations. The Company remains very well positioned for 2016 with work in progress ahead of plan as recent announcements have indicated. Our second phase of PRS delivery with Gatehouse Bank plc, for c.900 new rental homes, is now underway across Greater Manchester and Liverpool, and our target for 2016 is to launch similar sized phases in two further regions in the Midlands and the South. This will deliver a run rate of over 3,000 units by the end of 2016, firmly positioning the Company as one of the largest housing delivery platforms in the UK and the largest in PRS. During the first half of 2016, we also expect to begin construction with our second house building partner, Keepmoat. This will add additional capacity alongside our long term partner, Countryside Properties, as well as access to further land opportunities in addition to our current pipeline. The Board expects to announce full year results in mid-April when a further update on trading will be provided. Enquiries Sigma Capital Group plc Graham Barnet, Chief ExecutiveMalcolm Briselden, Finance Director T: 0131 220 9444 KTZ Communications(PR Adviser to Sigma) Katie Tzouliadis T: 020 3178 6378 N+1 Singer(Nominated Adviser and Broker to Sigma) James Maxwell T: 020 7496 3000 About Sigma Capital Group plc www.sigmacapital.co.uk Sigma is a PRS, residential development, and urban regeneration specialist, with offices in Manchester, London and Edinburgh. Sigma's principal focus is on the delivery of large scale housing schemes for the Private Rented Sector. It has a well-established track record i
Off to a flyer up 10% on the day so far and more to come a lot more......