PYX Resources: Achieving volume and diversification milestones. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Bit of history encapsulated here. Remuneration policy passed.
https://www.sigplc.com/~/media/Files/S/SIG-Corp/SIG-updated-%20provision%204%20Code%20statement-%20ia-register-statement-GM%20July%202020%20V8.pdf
https://www.lse.co.uk/rns/SHI/directorpdmr-shareholding-l6ihx2j9bovdqy4.html
Some will say yet more money for nothing. Fat cats. Bonus including deferred shares. It’s done and dusted, Shareholders wore it in the end.
It’s 2025 plus for the share element so not much point in moaning. You’re talking 5 years to getting the cash if complied with.
“The normal vesting date for the Awards will be 14 March 2025, being the third anniversary of the award date. Once vested, the Awards will normally be exercisable until the day before the tenth anniversary of the award date. The Shares that are the subject of the Awards are subject to a further two-year holding period commencing on vesting.”
Lot of water to go under the bridge before then. Share price and so on.
Little bit summary for those that like them.
https://www.buildersmerchantsjournal.net/sig-posts-return-to-profit/
Rolling programme of targeted acquisitions, positive cash H2 and cash neutral over the year.
https://www.sigplc.com/~/media/Files/S/SIG-Corp/reports-and-presentations/2022/annual-reports-and-accounts-2021.pdf
And this is the broad picture.
Supportive structural market growth drivers: energy efficiency categories likely to outpace construction.
• Step-change potential from portfolio businesses at different stages in their path towards operating margins of 5%.
• Relentless focus on operational excellence underpinned by capital-light investment and digitalisation.
• Fast-approaching cash generation with an increasing number of attractive acquisition opportunities to accelerate growth.
Though I trade Sig on occasions, I usually keep a core holding.
I see that quote appears in Shares Magazine (hopefully LSE won't mangle the link),
https://www.sharesmagazine.co.uk/news/shares/why-investors-are-chasing-sigs-shares-higher-despite-it-making-a-loss
(if mangled, put 'co' and 'uk' after 'sharesmagazine' and find it there)
I doubt many thought it would hold the recent gains.
Just a couple of comments from the pundits.
“The specialist supplier of insulation, roofing and exterior products to the construction sector reported a 2021 pre-tax loss of £15.9 million.
According to S&P Market Intelligence, the consensus estimate was for a profit of £11.5 million.
However, the loss was due to charges of £35.2 million meaning underlying pre-tax earnings were comfortably ahead of forecasts at £19.3 million.
The charge was largely made up of goodwill impairments, amortisation of intangibles, restructuring costs and cloud computing expenses.
At an operating level, earnings were exactly in line with market forecasts at £41.4 million on revenues of £2.29 billion, which slightly exceeded estimates.”
and from another
“Overall net debt jumped by £127mn to £365mn, though, as £124mn in cash flowed out of the business due to acquisitions and higher inventory spending as it sought to avoid supply shortages.”
Analysts ( and me actually ) seem to have been caught out by the charges. But, you know, if things go reasonably well, net profit is on the way. Jam tomorrow. In the meantime, cash neutral.
Plank....u aint got a clue lol lol lol loool.. prob runs in your ......
Lol!
:-)you have a nice day and hopefully in the 50s when ya finished your shopping and shorts have closed ;-)
Were on the same side after all ATB ;-)
I googled that. Says it’s a female Japanese singer.
Must go now.
Alright cocco
It’s all well documented. And it’s not rocket science to avoid this if you don’t like the ramifications.
Offence on a chat board.? Maybe get out a bit more.
I’m going to Sainsbury’s again.
Futures market had a big drive up on potential positive Putin comments in the last half hour. Need to wait an see the Ukraine take on this.
Were all here to make money the trick is trying to keep hold of it.Ignorance is bliss until it's not.
Not sure why your all offended a point was raised about steel prices going through the roof.Thats happening along with everything else.Thats a fact and it will have ramifications.
It's not rocket science
Into Sig and mine at the moment. Had enough of an “ ex employee” , in the know and all that guff, on here Saturday.
Yep and some of that dosh is gonna go in my pocket with SIG now and in the future........as you say it has to go some where:)
All that money there printing has to go somewhere ;-)
Anybody with real doubts, don’t touch it. Simple.
Always makes me laugh when I read comments like that.You should just sell and move on.Who suggesting anyone should sell.Your obviously a bit out of touch with what's going on on a global scale and the ramifications for it down the rd.
ATB ;-)
Anybody with worries about the future of the construction industry and Sig in particular should not have them - sell and don’t touch with a barge-pole. No good fretting on here.
On acquisitions, as far as I know has not advised as they occurred. The UK ones were picked up from press reports. They told us earlier they would be very targeted for specific reasons. They have kindly given that in respect of the year under review. - “The Group acquired the above businesses to enlarge the UK Interiors business in terms of product range and geographic location.”
It seems there are more, perhaps this financial year, and ongoing, for the reasons given.
We opened branches in most countries, with a multi-year programme of branch openings now underway to in-fill geographic gaps or upgrade our presence in major urban markets.
If I have missed the detail somehow, no doubt somebody will tell me.
It's not just materials th0 its every commodity including debt.
Factories slashing production due to rising gas prices or lack of materials.Fertilizing plants just shutting down
Less products less workers less revenues higher prices more debt.Considering where the debt levels are now and the money printing going on it wont be long b4 there printing just to service the debt.
Financial collapse in the making
ATB :-(
If material price increase, the service cost has also to increase. Everybody agrees that the cost is spread equally so no part will get the full weight on its shoulders. For example if farming costs increase, agricultural product sold at the supermarket would increase too.
Thays going to be across every sector maxim and that's just the start.
Worrying times indeed.Shame the results didnt put a squeeze on the short positions still open
ATB
As someone what works in the construction industry, I'm a little fearful of the next 6 months. I own a steel company and as of last night, British steel announced a 35% increase on new stock. 30% in one go is absolutely massive. Bare in mind that when covid first hit, steel pricing rose about 5-10% a month to roughly 50% total increase.
I'm worried that increases in other materials like this may come in the next week or so which would have a huge impact on the construction industry as a whole.
Worrying times ahead IMO but today is a good move up which hopefully it will continue to do so over the year.
Hello folks on the hop and just skimming through presentation was there no q&a from investors in it
Thanks ATB