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Kingspan manufactures and Sig distributes. Manufactures selling direct cutting out the middleman and increasing profits eroding the distributors profit.
And the recent SP fall factored in the worse case scenario. If it stabilises, markets may become ''forward thinking'' and worst is over.
My thoughts were - how come one company in the sector doing so well and the other so badly?
Building insulation supplier Kingspan reported favourably to the market today:
(Sharecast News) - Kingspan surged on Tuesday after lifting its expectations for first-half trading profit.
The building insulation company, which is due to report its first-half results on 18 August, now forecasts record trading profit of around €435m, "modestly ahead" of the previous year's €434m. In a trading statement in April, Kingspan had guided to trading profit of "just over €400m".
Kingspan said market and category performances have varied widely, with the Americas overall outpacing European activity. Certain applications are performing strongly, particularly those seeking ultra energy efficiency and lower carbon in categories such as tech and automotive production, it said.
It also said that demand for data applications remains strong, with artificial intelligence projects an emerging feature. The residential sector worldwide is subdued in a higher interest rate environment, although the underlying need for housing appears strong in most markets.
"The group is positioned favourably overall as it enters the third quarter although it is still early days," Kingspan said. "Our development agenda and pipeline is encouraging.
"Kingspan is positioned strongly overall for the medium term and beyond given the global focus on energy efficiency, our high-performance product suite, our distinctive Planet Passionate agenda and ever-growing diversity of our end markets."
At 0850 BST, the shares were up 12% at €64.16.
They have taken a quarter of next years profits too. Do we on this BB feel the conditions are now right for CD & R to take this private? I feel if blackrock build up a stake, this could force them into it. That is essentially what blackrock do.
They are a ''vulture fund''? If so they invest in what they see as oversold assets. If they or someone else built a sizeable stake, they could put pressure on CD &R
Yes I'm not selling after this drop, but not sure about adding more (as Blackrock seem to be doing).
Weakening demand in Europe. Not entirely unexpected given recent reporting from other industry players. Profit warning avoided, but with the help of a one-off property deal. Shareholders asked to tough it out... which I will do.
Early fright on what we already knew. This is not a profit warning.
I suppose the update is no great surprise, but seems a long haul for this company.
Yes the update was not bad, but the company said 2023 would not be great. Perhaps the fall was a knee jerk reaction?
Seems to be recovering a bit today though. If next update suggests things not going down, we could then see big bounce.
I've always said CD & R will top up more, because they do not hold 29.9%, however, this will be later in the day.
Hopefully a good sign
The trading update of 4th May wasn't bad... so I'm not sure we can blame the company for the recent share price weakness. Recent updates from other building supply companies have been below consensus... imagine some contagion from this. What to do? As a shareholder, tough it out I guess. Pity they're still not paying us a divi to sweeten the wait.
Can't see an immediate catalyst. Housing market is holding up pretty well so far, but the economy's weakening and will there be money around for home improvements, etc?
Cant wait for tomz................
When will this move? what will move this one? Is the drop from 45p down to the fact SIG by there own admission said sales would fall in 2023? but they said that in March and it rose.
Down a good few % ....
you see the fact it is holding up in difficult conditions will more than likely be the driver for the SP going forward. I now think the rise during this period in 2021 from 40p to 65p was exactly based on the same rationale. This is that things will not get worse, but they did and hence the subsequent fall to sub 30p. I now feel we could see a similar rise again, if we begin to see inflation fall, this could pop. I do not think we will now see a recession.
Decided in this market it would be foolish not to bow out for a modest profit. Gives me some hard stuff for a change.
The overwhelming message is that they are just about managing ok through difficult conditions.
As has been so often the case with companies recently, it's all about revenue - not a word on margins, profitability, or cash generation. We are not fooled.
if we get the monthly close above the 43is level (which looks like we may do) then more chance next month of pushing through 45.30 level.............heres hoping to both those levels
For me I want to see it successfully break the .4530 level and then hopefully we will see it next test the .6355 level (maybe more than once or twice) . Once it breaks this level successfully I believe it will try and make its way up to the circa 1.00 level. My humble thoughts only.
what happened during the time period you refer to was bizarre, what happened after this was even more bizarre, as the company has been in a better position since, yet we went sub 30p!
Amenedment to my previous post ....knew it didnt read right oh well.....
looking at the monthly chart the last time price pushed through and closed above the .43ish level was April 2021 it then went on to hit .64 it then went below .43 in Jan 2022, for the firt time since April 2021, and this will be the first time since Dec 2021 that it could close above .43 hopefully we do get a close above .43............all will bode well for next month then ......heres hoping anyway
looking at the monthly chart the last time price pushed through and closed above the .43ish level was April 2021 it then went on to hit .64 it then went below .43 in Jan 2022, for the firt time since April 2022, and this will be the first time since Jan 2022 that it could close above .43 hopefully we do get a close above .43............all will bode well for next month then ......heres hoping anyway