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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.
This share is the devil!!
It will rise strongly!!
Either the day after you sell after loosing patience with it, or the day after Doomsday!!
The title of your post is close to summing their position up - i was hoping the new, well nearly 14 months in, CEO would have brought some vigour to the Group but from the outside it seems to be just drifting along waiting for an upturn in the market. New Government, initiatives to build new houses, lower interest rates stimulating movement in house purchase and improvements are all external factors that should help as the year progresses. The outside chance that CD and R go in for majority or total ownership could bring a swift lift, but they have been in situ for nearly 4 years!
Hi all, I'm new to this board.
I was wondering what ur view is on long term share price?
Downhill? better to sell now & cut losses or some positive news on d horizon & worth holding for a bit longer. I only have 3k worth of Sig, down 1k atm. Thanks for any advise u may have.
I’d be happy with that but then again I didn’t think we would be back into the 30s after reaching the 60s in 2021 - could of sold a bought back in …good old hindsight (my average is 27p)
Company "flogged" on cheap to CD & R. An all share takeover at 75p?
2reincarnated, What would that mean for our shares ?
I remain convinced C D & R WILL ''withdraw'' SIG from the London Stock Exchange in 2024.
No matter what company, they always announce it more positively than the reality. Above all, shareholders should not be alarmed.
I do not comment on the figures and circumstances in the U.K. but on the mainland they continue to lose market share and competitors are doing noticeably better.
"Challenging" circumstances are therefore a disguise for "I'm not completely comfortable with it".
I remain convinced that SIG will withdraw from the mainland in 2025 or 2026.
My worry is they give the trading update and it’s worse than the last S.P will go south …. I really hope there’s some positives in it …
It is tomorrow the 9th
If last year was anything to go by, we should expect a trading update in the next few days on full year 2023.
Hope to see this push north
Lombard increased their short when the sp was 29.20. nice to see them getting toasted.
And what do you think about the increase in short position since the presentation?
I just let the share price do the talking these days...........can not say any more than that, I