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I see SRC continuing good momentum , especially in the UK.
seems like blackrock are continuing to buy SRC, cant be a bad thing, over 12% now, how far will they go.....?
They certainly believe that SRC will be significantly bigger over a multi year period.
Over the period of 3 days spanning the trading statement Blackrock have bought approx 1.5% of SRC or £10m worth of shares yet the sp has declined over this period and the trading volumes have been less than £6m.
Not sure how this is achieved but maybe some posters have been closely involved with market makers and might explain.
Nevertheless there seem to be 2 conclusions
1 Blackrock is really keen on SRC
2 The mm's are encouraging weak holders to sell to supply Blackrock until the order is satisfied.
Coupled with the trading statement I consider the target of 125p by Liberium to be very modest.
BlackRock expect to make significant returns from SRC so I reckon this is on a multi year trajectory for continued m&a growth until such time as a big boy pick them up , as long as SRC can continue to buy and build ever bigger groups at the same PEs then I reckon I'm with BlackRock holding on for 2023 + for a multiyear bagger.
Dyor
Blackrock still increasing their holding - over 11% now.
'Recent and ongoing increases in energy costsare being seen across all industries, and the availability of haulage and transport is also presenting challenges, particularly in the UK.'
A problem across many industries but still worth noting.
Having met some of team at investor show I liked what I heard about lean management infrastructure and fact that group now has good source of free cashflow following recent acquisition.
10% now, thats some position, they must be convinced that SRC is going to continue their impressive run,
Looks like it was Blackrock increasing their holding.
looks like the volume of shares traded yesterday was circa 7M thats 6M above the usual levels...., likely to mean that II's are trading this stock one way or another, and the fact that they have gone up again today suggest to me that normal trading patterns will resume i.e. continuing north and towards the 130 level for year end, exciting transition to medium sized company is on its way with SRC.
Long term hold until building in the EU/UK begins to slow, circa 2023 for me.
DYOR
looking oversold now the daily chart
Profit taking? Energy cost concerns?
Big house building program on the cards. Good foundation for SP IMO
The deal with Marshalls was featured in the Daily Mail today.
My initial two purchases were last summer in the low 40's, then added in the low 60's , sold half my holding in the mid 70's, but then doubled my holding size with the Primary Bid fund raising at 85p. I want to add more, but in doing so would have to break my on strict rules on maximum percentage position for a single stock, it's already my largest holding at almost 10%.
There will likely be some bumps in the road, but letting your profits run is the way to maximise gains, just look at the chart, it's not closed below it's 55 day EMA since last November, not a great many shares can say that.
DYOR :-)
For what it's worth, my average price is 54p. I top-sliced around 94p a few months ago but I have decided to run the rest of the holding given the momentum and news flow.
I never discuss specific share price targets on boards, but what I would say is that I would be very surprised and disappointed if SRC didn't do well over the next year or two given its good market position, exciting recent acquisition, positive industry outlook and high-quality management. So unless it runs up very quickly in the short-term (which may then create the justification for another modest profit-taking) I am happy to be patient.
https://sigmaroc.com/wp-content/uploads/20210908-SigmaRoc-and-Marshalls-Collaboration-3-3-SH.pdf
Most likely products made with powdered limestone as the key ingredient.
Completely on point with ESG requirements , I wonder if this puts them into the ESG funds list and adds buying pressure to the share price.
More positive news can only be good for holders, I think the UK still have 18months of rapid expansion in terms of building so as long as SRC can get it out of the ground and get it delivered then things are looking good.
I'm wondering if I should reduce my position and take some profits , original buy price or circa 40p , being patient usually pays off.
DYOR
Interesting Reach announcement this morning - I do like the way Sigmaroc is positioning itself as a low carbon operator. Very sensible and innovative.
A couple of the TR1s just reflect the impact of the large new share issue and the fact that some significant existing investors did not actually add to their holding in the fund raising.
I just skim read them and did not dig into all the history of the holdings... 2 of the 3 have increased the number of shares they held whilst their percentage holdings decreased; this seems to be down to the new shares being issued to fund the reverse take over where some of the existing shareholders bought some new shares but not enough to maintain their shareholding percentages.
Someone or someones bought a large stake in SRC from the sellers...... last three TR1s are reducing their positions , I wonder why.... profit taking or something else....