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??????
£0.35p!!! Load up!
Fy21 results due within 2 weeks..
Buyers mount back
buy the dip - 50p in 1 month
Not a shabby day - lots of ground still to recover
Starting to load up again
Back in SIG. Mick - I'm sure you'll have something to add to this decision.
Fart is being foul again
They're UK market remains flat. They're under attack from competitors on price the likes of which they haven't seen for many years at a time when they HAVE to increase the margin being earned. Service levels are abysmal, stock buying and holding still incredibly hit & miss and the much trumpeted "changes" not filtering through to where it matters, the frontline.
SIG remain a business with genuine structural issues when competitors are running great businesses. They'll stagger from this crisis to the next I would imagine hoping for another genuine national crisis to blame for the continuing awful performance.
As I've said before - look at their direct competitors and ask how on earth these UK businesses, in the same markets, outperform SIG year in year out.
Want to add more at current price but been loading up on banks recently.
Our order books continue to be robust, and we remain confident in the effectiveness of our supply chain management in meeting customer requirements and continuing to manage any potential volatility in supply and in input costs. As a result, the Board is confident that the momentum built in 2021 will continue in 2022 and, providing there is no material disruption to either our business or end markets, expects the Group to deliver solid organic revenue growth in the coming year.
I know the sp has been challenged so far this year, its not the only one. However, I’m confident in the team and turnaround. Patience is needed. Light at the end of the tunnel …..
A Small article in the FT this weekend summarised in the first sentence “construction companies in the eurozone have reported a record surge in activity at the start of the year, driven by sharp increases in housebuilding …..according to a business survey yesterday”
Another positive quote a little further on: “moreover, there were indications that widespread reports of material shortages and delivery delays had peaked and begun to ease’
“The easing of supply chain disruptions helped Uk construction activity in January to grow at the fastest pace in six months’
Lots to be positive about.
https://www.buildersmerchantsnews.co.uk/SIG-UK-becomes-a-partner-of-the-Supply-Chain-Sustainability-School/52175?actId=ebwp0YMB8s3Mv0I20l85odUcvuQDVN7aSkYK0N8X3jGTPqg6HSk8m3p8k-JwK2AK&actCampaignType=CAMPAIGN_MAIL&actSource=504043
Roofs booming
https://www.buildersmerchantsnews.co.uk/Roofing-contractors-bullish-about-2022-/52182?actId=ebwp0YMB8s3Mv0I20l85odUcvuQDVN7aSkYK0N8X3jGTPqg6HSk8m3p8k-JwK2AK&actCampaignType=CAMPAIGN_MAIL&actSource=504043
https://www.google.com/amp/s/amp.theguardian.com/environment/2022/jan/21/more-than-30000-jobs-at-risk-if-insulation-levy-cut-from-fuel-bills
Could this be an explanation?
Not much point chatting on here - 99% of the BB is Sad Mick so it gets a bit dull after a while
It's all gone a bit quiet on here. Maybe the turnaround will come this year.
£40m operating profit. Net profit which it is all about is a lot less. This is the problem. It’s a low margin business. Far better other opportunities out there.
SP driven lower by those who are going to propel it forward
Another bad week so far. Looks like the trading update has not been well received. Does anyone know what in particular is driving the price down?
Oldguard - indeed I am a year out. In my defence though I looked at the 2019 result and assumed the pandemic had hit SIG a year earlier than the rest of us. It does feel like three years though, doesn't it?
Yes Insulation, You're a year out ! Most branches were only shut for April 2020, reopening again in May and have been open ever since. Those working from home are not generally branch based , but reps and behind the scenes people in administration etc.
Had to sell a bit today to pick up some CARD as it enters a good re-entry point. Will be back soon
Insulation - you’ve just embarrassed yourself . Check your timeline