SIG Share Price (SHI)

The claim that the poor figures are due to "challenging market conditions" is a euphemism. How come their competitors are growing?

"Improve productivity and cost structure"? SIG has done nothing else in the last 5 years, reorganized and saved. As a result, many employees with knowledge and experience have closed the door of SIG. That works like a boomerang because they now work for their competitors (including myself).

SIG has cut back so much on everything that in practice they do not have the necessary resources for the essence: serving their customers. They sometimes even sell at a loss, but turnover alone cannot buy bread.

My prediction: in 2025 or 2026 they will have to divest their activities on the mainland and focus on the UK and Ireland. I don't know what that will do to the share price.

He is proving to be a donkey

The note below was posted when Gavin Slark joined the group. Looking to build on the platform left by Steve Francis he has instead overseen a 40% fall in the share price over the past year, way over that of any comparable business in the sector. The biggest faller in the first quarter is the biggest business, the UK interiors operations. I really do question when, after almost 18 months in the role, we are actually going to see some results or at least a plan from his tenure. CDR - are you there?

We welcome Gavin Slark, who joins the business today (1 February 2023) as our new Chief Executive Officer (CEO) of SIG plc with a focus on ‘continuing SIG’s journey of growth’.

Taking over from Steve Francis, Gavin has a proven track record of delivering shareholder value in the pan-European construction distribution industry, having led Grafton Group plc for the last 11 years.

Gavin said: “I am excited to have joined such an established name as SIG and a great team of people!

I look forward to building on the significant progress made by Steve Francis and the team and harnessing the opportunities ahead of SIG, to the benefit of all of our stakeholders.”

Expected? What’s everyone’s opinion

Who would won’t to take over this crap…awful performance inS.P Bring back Steve Francis