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Bit outdated, but just a little more confirmation of relative health of the large construction sector.
Number of furloughed construction workers falling faster than wider economy
By Tom Lowe7 May 2021
Latest HMRC data shows size industry’s furloughed workforce shrank by 15% in March
The number of furloughed construction workers fell by as much as 15% in March, over 3% more than the national average across all sectors.
The latest HMRC data shows that there were around 196,000 workers in construction furloughed at the end of March, compared to over 230,000 at the end of February.
…
Barratt gave a solid update today. Some comment on raised input costs.(3%)
https://www.lse.co.uk/rns/BDEV/trading-statement-nm9zxi2nww5z6lv.html
And across the board, following management change and recapitalisation Sig is improving it's position within the market. "Customer numbers are rising and we are regaining market share......"
Thus bringing forward earlier expectations. "The momentum we have seen through March and April, together with improving visibility on the near-term order book, means that we now expect the Group to deliver an underlying operating profit in the first half, returning the Group to profitability earlier than expected.
Given the prevailing macro-economic uncertainties, we retain a cautious view of the second half at this stage. We do however continue to expect the second half to be both profitable and cash generative, and in light of the stronger than anticipated recent performance we now expect full year revenues to be slightly ahead of prior expectations, and profits also to be higher than previously expected."
I should have mentioned yesterday about all of the recent column inches dedicated to next week’s Queen’s speech and the prospect therein for the construction industry during the rest of this Parliament. Fingers crossed.
Couple of rehashes for this recovery stock.
https://www.business-live.co.uk/enterprise/shares-rise-sheffields-sig-plc-20526981.amp
https://www.proactiveinvestors.co.uk/companies/amp/news/948538
An indication as to the resumption of a divi would indicate that we’re back. That, like this TU, is/would be most welcomed.
I too will be delighted. I expect it was merely a hedge position though.
If I'm honest I used to, too, when it was the in thing on here. But it all transpired to be just so much dross. If they have yet to buy shares back I shall be delighted.
Gone all pragmatic.
You are a cool customer raleigh. I check it daily! If they are hedging it matters little, I agree. But if it's naked and they have to cover circa 40M shares it should get interesting around here.
The Ennismore thing is so old I gave up thinking about it, and shorting, and all that malarkey. Seems redundant. I wonder if the sites are to date. Anyway, I take the view it can't do us any harm now, and arguably there may be good in it.
Raleigh, what do you think? Might we see ennismore begin to close their hedge position or will they want more concrete evidence?
Agreed raleigh, they have. At least they are acknowledging the progress we are making and bumping their price up accordingly (albeit lagging a little)
Still, we know that Jefferies have been consistently considerably behind the price. So it seems to set a very much low. A bit of a guide perhaps in that respect only.
And good old Jefferies with their 'forward' looking predictions
JEFFERIES RAISES SIG PRICE TARGET TO 48.80 (41.70) PENCE - 'HOLD'
Those broker targets always seem to be a little behind.
Peel Hunt raises TP on stock to 56p from 45p; "buy" rating
from a healthy and necessary fall.