Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Because they feel they will make a good return on their investment.
They’re not daft. No way do they feel the same way about SIG. The numbers speak for themselves. If I can work out what a bad investment SIG is you can be sure they can as well.
Can you explain why CD&R bought American building supplies firm Cornerstone recently thick Mick?
I don’t know how you can say the share price is highly undervalued. The profit generated by the company is extremely low on such a large turnover.
Why anyone would take the company over and pay such a large amount of money for such a miserly return is a complete mystery to me.
The company is just full of busy fools. The amount of effort generated to produce such a large turnover for hardly any profit is pointless.
With the UK plc sell off starting to take hold, I have started to build a stake in SIG, IMO the SP is highly undervalued and ripe for PE takeover. Interesting that CD&R are a major shareholder, I am expecting a bid this year particularly as sterling continues to tank.
You would like to think that they closed out looking at the last update.........you never know though!
Based on the last trading update cant see why this should not be in the 50s, also looking at the climate for insulation etc SIG is well placed to delver......it is a slow burner though but better than a boom or bust just take a look at EME for example, you would be crying now had you held any there
Whatever Blackrock are or were up to, they held 2.2% at 31st. January.
This in mind, is there anything else brewing that could potentially send this north again, or is it a ride the waves of last weeks positive rns and see where we go?
cool...hopefully things will steadily creep north
Looks like it yeah, just ennismore fund management showing short.
Can anyone confirm if Blackrock have closed their short?
Any dip on Tuesday, I'll more than happily double my position.
Nothing but positives in that up date ..............and so says the market:)
And I wonder if you have read the update thoroughly. It is made very plain.
“The overall impact of inflation is estimated to have added c19% to Group growth over the period, albeit the levels have varied across the different operating companies. This reflects the annualisation of input cost inflation experienced in the second half of 2021, as well as further increases in early 2022 as our suppliers have passed on steeply increasing energy costs in manufacturing. There remain some constraints in supply across the business, but these are continuing to abate, as previously reported.
Input cost inflation is currently higher than previously anticipated, as noted above, and expected to remain elevated in the near term. We expect that the resulting increase in revenue will more than offset any localised market softening.”
It is a natural enough inflationary consequence with price rises being passed on., as companies report. There is a perspective on that in Shares Mag, and comparison with Travis Perkins.
https://www.sharesmagazine.co.uk/news/shares/rampant-inflation-drives-faster-than-expected-growth-in-building-materials-sales
It is to be hoped that Sig’s continuing recovery will encompass further market share gains.
And on debt, it has refinanced early and will get to a position this year oftrading cash positive, at least 6 months earlier than planned.
No negatives there for me.
It's a nice update but I'm wondering if it is more about being able to pass on input price inflation than growing the quantity of goods that are sold. Perhaps best not to carried away with this update, there is no mention of it's debt position.
without any news!!
The next five years is all about insulation. Thanks go to Vlad the Small..
Yup. Fair call. Nowhere to hide.
insulation
“Demand for our sustainable construction offerings remain strong”
More effective must surely rank highly in any building project in today’s environment.
Here I am. I think that’s what’s known as a gotcha moment! lol
Getting traction “post Covid” as it happens. It was pretty much a failing company before. Everything’s changed since CD and R cornerstoned the recapitalisation - and the arrangements to turn it around are starting to bear fruit with profitability increasingly in sight. Still a relatively early stage recovery company, coming a long way faster than expected.
https://otp.tools.investis.com/Utilities/PDFDownload.aspx?Newsid=1578242
Likely to provoke some analyst/commentator positive reporting.