Member Info for Alvarro

I don’t hate SIG, like many people within the company, I have a HUGE emotional connection to it and (maybe naively) want nothing more than to see it be a success again by being customer and colleague centric.

These idiots in charge aren’t simply to blame, they’re in a long list of idiots wanting to line their own pockets in the short term, rather than caring about any long term future.

As for the stories I could tell, there’s nothing as exciting as you imply, just ongoing examples of ineptitude from so called experts!

Believe what you want….couldn’t care less, my opinion is far more informed than anyone just looking at the BS updates….the stories I could tell.

Burn…….I would think those of us who work within SIG matter quite a lot and know more from inside the camp, than most others!

When you consider how much they’ve polished the poo with these numbers, this is pretty poor!

You’re deluded Sandyman…..any volume growth will be offset by the decline in margin, and nobody considers how bad mainland Europe is doing. This is and remains a full on clusterf*ck!

Couple of percent this year, bit more next year….nothing too exciting

I get so fed up with hearing costs have been cut….variable costs have been cut (i.e people)….the fixed costs (massive branches, empty units still on lease, white elephant of a head office) are still being paid for…..the costs that have been cut are like throwing a deckchair off the titanic!

There is absolutely no reason to suggest they’ll recover, this is the same BS that was spouted when the SP was 45p and was going to be 65p ‘soon’! SIG is the weakest distributor in the market….and suppliers have lost confidence in them, effectively supporting competition against them, because that’s where the expertise and market share has gone.

UK Distribution is broken and is dragging down the whole PLC….the idiot in charge now is just buying volume, so expect sales to be up and margins to be down.

Seeing TP's woeful results and the similarities between them and SIG is obvious....two companies who still believe they have a right to be market leaders, despite now (in a completely different market landscape) being too big, too clumbersome and too bogged down with fixed costs. Covid changed how people buy, when they were forced to shop around for who was actually open (none of these two!) and who had stock. Now customers will use 5 or 6 suppliers (when they might have previously used 1 or 2), so national coverage means nothing when smaller non-plc companies are more nimble and more customer focussed. Added to that, most of these smaller companies are made up of former TP & SIG staff, who just for so disillusioned, they left.

The market has evolved and neither of these two companies have evolved with it.....the end is nigh!

I once provoked the neighbour I share a driveway with, but he didn’t then claim my front room was his!

Hooray….is the war over then! Good of the Ukrainian’s to give up 20% of their land to an invading Russia….now filling up my car is cheaper!

I always struggled with your viewpoint @reincarnated but I realise now that you’ve obviously been kicked in the head by a horse!

Turns out Ronan Keating was right….life is indeed a rollercoaster! Welcome back 11p

Kicc…..glad someone is seeing him, we see f-all of him in the UK. I was beginning to think he was A.I generated!

Non- Exec Chair

Group FD

CEO

Numerous MDs (too many to list)

Reluctantly agree….it’s difficult to watch when you’ve cared about a company for so long….its a shame too few people at the very top have done!

i’m not sure i’ve ever read a more negative set of results from sig. reincarnated may be right and the sp has already factored in the bad news, but who would read this and think “this is a company i want to invest in”?

considering how the uk distribution business has been buying cheap business since the new md started last year, sales remain flat year on year….what a joke, you can bet your life the margin won’t be flat, they’ve reduced that even further with his genius strategy.

the live webcast will be interesting at 10am to see how many times gavin slark has to “reiterate his commitment”…..what a load of ball-****s!

We clearly work for the same company Kicc….any good news from the few parts of the business that turns a profit is p*ssed away by the ‘new’ strategy of the Distribution side, which is stack it high and sell

it cheap (in a really expensive massive warehouse with HUGE costs!)

Will tomorrow bring sub 10p or get us closer to 20p?!?

Q1 isn’t even over yet and January in construction has been rubbish for everyone, so no good news there! Expect the focus to be on volume growth with little no mention of margin / profitability (same for the eventual H1 update) because they’re buying business in a misguided attempt to cover their high operational costs, which as I keep saying are fixed and can’t be improved upon.

The business is doomed and the share price reflects the lack of confidence in it.

My own guess is, if we don’t see any growth as we get towards Wednesday, we’ll see this drop to 10p or below, after the full year results.

All I’ll say is, the mood music is not encouraging!

Great insight Gosh1 One last thing for next weeks full year announcement will be, among the usual smoke and mirrors (BS) about cost savings, efficiencies, blah blah blah, will be the short summary they typically give about the start to this year. Expect the focus to be on increased volumes with no mention of profit margins, which will undoubtedly be DOWN as the genius strategy of the idiots at the wheel, involves buying low margin business (which don’t come close to covering your operating costs) and somehow hoping that makes you more profit. (I’ll give you a clue - it doesn’t)