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But that is not the position, looking only at debt on last report - unless you maintain otherwise.
· Post capital raise, substantial liquidity headroom provides security against ongoing market uncertainty and confidence to invest in new growth strategy, with a net cash position at 31 August of £29m, pre IFRS 16
Just to clarify on previous post the following are minus percentages.
Return on Capital
Return on Equity
Operating Margin
Here are a few of the indicators on Stockopedia.
Bankruptcy Risk (Altman Z-Score) in the red zone indicating distress. This is the worst score possible. This scoring system claims to be 75% accurate in predicting bankruptcy within 2 years.
Net Debt - 347 million
Net Profit - 2019 124 million loss
2020 83 million loss estimated
2021 17.6 million loss estimated
Operating Margin - 11.2%
Return on Equity - 73%
Return on Capital - 27.9%
Stock Rank - 25 out of 100
I was reading back over the posts. In passing, I know nothing of the merits or otherwise of Stockopedia, or their what's when's and wherefores re. Sig, but labelling Sig a sucker stock at this stage seems to at least imply that CD and R and the rest of the buyers have it wrong. It certainly seems contrary to the last trading update - but perhaps there is something else. Historically Sig performed badly, hence probably the label - but it is now an early turnaround stock and on what we have seen so far should be in the process of, well......turning around.
More cautious optimism (with opportunity on going for this recovery stock )
https://www.buildersmerchantsjournal.net/trade-is-optimistic-about-2021-workloads/
A small part of the wider picture. It all helps.
https://bdaily.co.uk/articles/2021/02/16/boost-for-housebuilder-smes-as-government-launches-250m-accelerator-fund
It is one of the host of things to cover under one of Sig's brief summaries when CD and R/Francis took over, with the obvious objective. "The new management team will empower our customer-facing people and promote an entrepreneurial spirit throughout the Group, thereby re-connecting with our customers and suppliers, re-energising our highly talented employees, and re-setting the growth ambition of SIG."
And clarity of Head Office purpose, and product and other support therefrom is a major part of that, particularly where major work is being planned/undertaken.
In today's climate ( see what I did there ) this sort of stuff takes them in a necessary direction also, and companies will report on their green credentials.https://www.lse.co.uk/rns/SHI/awarded-london-stock-exchange8217s-green-economy-mark-eltp25bgpzvsz2g.html?
Adding to the technical team will support selling value add products and in turn increasing margins. It’s surprising how many people don’t know what product they should use to achieve the correct acoustic or fire rating.
Yes all the sales staff had a good grasp of the technical aspects of products and the company had excellent relationships with all the major manufacturers. They were very dominant in the market and easily got the best terms from suppliers.
Yes. One cannot expect it to be otherwise. Sig technical no doubt would be a point of referral when required.
When I worked for Sheffield Insulations they didn’t actually do any fire testing themselves. They relied 100% on the manufacturers of the products to do it and produce the certification. SI merely distributed the products. They were knowledgeable about what they sold but ultimate responsibility for the product testing and certification lay with the manufacturer. It was the same with insulation.
I also used to work for a company that supplied SI with fire protection products and they would rely on me and my company to provide the fire testing back up that architects and builders etc required. Their main responsibility was just to distribute the products.
Yes Raleigh. Very nice day today with steady gains all over. Let's hope the volume was sufficient to continue the fun tomorrow.
Market sentient good today, with Sig performing better than the indices.
https://www.thefpa.co.uk/news/firestopping-best-practice-guide-receives-riba-approval
A lot of attention to all this is the press over the weeks, as one might expect. Sig said some time ago that their products are third party certificated.
Will reassure potential and existing customers, helping endure fit for purpose products, and providing advice if required.
https://www.buildersmerchantsnews.co.uk/SIG-strengthens-Technical-Insulation-team-with-new-appointments/50663
A global picture, and I suspect builders that can, the larger concerns, will continue to stockpile as they have been trying to do to prevent disruption to their overall programmes, which may be to Sigs current advantage ( provided they can lay their hands on stock )
https://www.designbuild-network.com/comment/global-construction-momentum-improvement/
Retrofitting, effective dialogue between builders and supply chain, contracts, thoughts.
https://constructionmanagermagazine.com/why-the-government-wants-construction-to-invest-in-technology/
Yes. Not so Kingspan. Under pressure yesterday.
Bumping up nicely. I expect we are reaping some of the benefits from the excellent bellway data.
I do not recall seeing it tighter. And as you will know, it has been that way for a while today.
Will today be the day? Spread is awfully tight.
https://www.insidermedia.com/news/wales/brickability-hails-strong-recovery
"there had been " little material effect on trading" from the lockdown measures introduced since November 2020."
Government unveils first 50 schools in £1bn rebuilding programme
By Jordan Marshall9 February 2021
Projects expected to start on site this autumn
The government has confirmed the first 50 schools in the first wave of its £1bn School Rebuilding programme.
The entire programme is due to deliver 500 rebuilding projects across the next decade.
5th March for the update & Feb being a short month means less time for folk to get in..
https://m.marketscreener.com/quote/stock/SIG-PLC-4000940/calendar/
Wilmsy, Full year results maybe around the 8-10th March based on the last two years dates