Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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.
Me too.
No share price reaction to what is acceptable progress on the company's recovery programme.
Market will take time to recognise this improving picture.
These figures are good enough to make me hold..
...at least they delivered on their promise. now we wait and see if bigger is actually better in this market
"Game changer" - the most hackneyed expression out there.
More like an incremental piece of positive news.
https://otp.tools.investis.com/clients/uk/sig_plc/rns/regulatory-story.aspx?cid=296&newsid=1608871
If they can't bring out some decent numbers with the amount of big site work going on they never will.
Any slowdown would be a disaster .I work in the south they are not a competitor I worry about and they used to be.
Give me strength.....CMO is a totally different market and model
and yet.... this market is reacting well on very small buying. i think someone knows better and our figures will turn out alright.
Two for the price of one................
Yes. Very worrying. Can see 20p before long.
I see that online only 'one stop shop' building materials supplier CMO Group plc, which IPO'd a year ago, tanked 52% today on consumer weakness and margin pressures.
I appreciate the company is not a simple comparator for SIG, but still....worrying times ahead?
2 different sectors. How the hell can you compare these two? One would do ok from a housing market slowdown and it is not the one linked to food.
A rise straight up what's happening anyone with any incite.
Lets have some chat here please just filter the idiots
Deliveroo is a newish company and may well turn out to be a great investment in the future. SIG has been around for a long time and has many years of mediocrity under its belt. I can’t see that changing anytime soon.
You are comparing apples with pears.
I don’t knock the share. I merely point out some of the fundamentals. Investing in a company which isn’t making good profits is a major red flag.
There are other serious issues as well but investing in a profitable company has to be the main goal of any investor.
This issue is it is not profitable the financials show you this
It refinanced its debts to stay afloat and continues to make a loss year on year
My post asking why three posters continually knock this share, while not invested has been removed. When I asked why, I was told it was disruptive and could cause arguments. Never mind new investors getting scared off, and what about this being a chat board for debate .read now as will be gone in the morning. The worlds gone nuts
I don't understand why people on here keep moaning on about the profit margin note being enormous.
Take Deliveroo for example, that's loss making but has 5x the market cap.
SHI is profitable with outlook only getting better and better, it's right there in the RNS
problem is these guys bought at a high price and sold their shares during the crash thinking they would sink even further.
They may have bought these at £1.50 and sold at 20p!! That is why they are posting, little do they know that these are going back to £1.50!!
to keep logging into a website on a share you don't want to own to keep telling everyone else there that you don't want to own the stock.
What's the problem guys, disgruntled ex employees? Previously burned PIs ? Either way you really ought to get on with your lives. You won't be affecting anything droning on and on here lol
This is what baffles me about the approach of some on here relentlessly investing in a company that is clearly still at sixes and sevens. There is no quick turnaround here - if at all. Increasing volumes means increasing your cost base. There's simply no single way of increasing sales to that extent without buying cheap, toxic business. I can't imagine the brass at SIG will fall into that trap again. You need local expertise, a motivated sales force and local autonomy... none of which, as far as I can see, is currently present. It's too top down. Local managers are hog tied. They can't offer the service customers need to attract decent, high margin sales that need high service response.
In the past, they sold at decent margins. Currently they sell at very low margins, sporadically probably loss-making.
Explanation: Their goal (mainland Europe) is to double their turnover by 2025. However, they have lost a lot of credibility in recent years (staff turnover, no stock, not keeping promises). Those two things force them to sell at very low margins, otherwise they won't succeed.
Conclusion: they are trying to double their turnover to sell all their companies in Europe by 2025. Then hopefully they can pay dividends.
At least there is a profit margin, which would be an improvement in previous years, especially as the company is buying competitive business
The share price is falling mainly because the profit margin is very low on such a big turnover.
Just just the wider market, Kingspan has tanked today on a big drop in recent orders (profits are well up though).