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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?
why the drop? Cannot see any news
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....
Reassuring to see such a strong share price performance even after a large placing - a good indicator that market sentiment is very positive.
The good news keeps on coming,
https://www.dailymail.co.uk/news/article-9941815/Ministers-set-unveil-8bn-plan-build-119-000-properties.html
Huge investments by UK PLC.
Still it goes up, really positive noises coming from SRC, the number for the enlarged company should be easy this year , then the real challenges start to maximise the combined company along with the further acquisitions, I'm expecting yet a bigger deal in the next 12 months, with backing from borrowings and a placing at higher levels to really push SRC along, whilst the EU/UK is spending large on building anything , I think SRC are really set to continue their growth.
The only flaw here for me is if another company tries to buy SRC before the journey is done, lets hope that SRC can stay independent for at least 36 months to get the full potential out.
24 month target price for me, is an eye watering £3
DYOR / IMO
Peel Hunt says SigmaRoc looks ‘very good value’
Building materials company SigmaRoc (SRC) has delivered ‘strong first-half progress’ and broker Peel Hunt expects momentum to continue.
Analyst Clyde Lewis maintained his ‘buy’ recommendation and 135p target price on the stock, which closed up 2.5%, or 2.5p, at 104p on Monday.
Lewis said solid interim numbers had been driven by acquisitions, a market recovery and internal efficiency measures, while the recent deal to buy Finland’s Nordkalk, which quarries and manufactures limestone-based products, was another positive step.
‘There is more of that to come in the second half, especially with the Nordkalk deal completing shortly,’ said Lewis.
‘We are not changing our forecasts at this stage but continue to believe the shares look very good value given the material upside potential we expect from Nordkalk and the opportunities for further bolt-ons and incremental investments.
Update from Simon after market closed.
https://www.investorschronicle.co.uk/ideas/2021/08/23/bargain-shares-on-the-earnings-upgrade/
GLA
I'd be surprised if we saw any dividends any time soon given, as you say, they are still in acquisition and investment mode.
Nordkalk does seem to be very cash-generative - perhaps that will be the future engine for pay-outs, but I can't help feeling that SRC is likely to be sold itself before too long if it continues to deliver.
any views on potential dividends from SRC, guess they are in acquisition mode for the foreseeable future so no divi'd , but personally, I think in the medium term dividends are likely to follow, which for me is the compelling part of SRC strategy to go from penny share to medium size company, lets hope no one else notices what good job is being done here or else it will be come a target itself.
DYOR
Hi ihalliwell10
Couldn't agree more with your comments. This business has excellent momentum and is going to benefit significantly from infra demand over the next few years. I really like the CEO too - concise and decisive.