Member Info for Culpepper

at 49p. New shareholding.
Can’t be a bad sign at this stage, can it?

It’s very possible we’ll hear something direct from the horses mouth before next ONS report.

Went on a bit there - more lucidly, just in my opinion the proof will be in Sig’s recovery pudding rather than on an ONS report for October.

It’s undeniable that reports have an effect on price.
But I take the view that management has considered throughput when giving guidance end October, so I believe end of year ‘not less than ‘ figures are unlikely to change. New variant too late on scene to affect that.
Accepting navigating supply issues has become a ‘routine’ challenge, which Sig and some others have managed to do successfully so far, what I can glean is that industry purchasing managers were more confident in November than October.
I don’t know what 2022 will bring. Travis Perkins are looking to open another 50 stores. Sig’s plan is to fill in gaps in their coverage in each country they operate in, including strategic acquisitions.

Another variant, and potentially one after that and so on? Construction has learned to work through that, and economic recovery is pretty reliant upon the sector. Construction and it’s supply chain would be one govts here and abroad would fight to keep open.
Loads of uncertainty in investors minds, but Sig said in October when updating to their improved expectations that things were clearer than they were.
They will report. And give a qualified outlook with the figures. They may update before, I don’t know.
Not looking through rose-coloured specs. But not convinced that todays ONS report is a harbinger of things to come. I would be more concerned to be in leisure, hospitality, and the like, from a COVID and possibly other perspectives.

I think it’s a matter of fact rather than chatter. Long been reported that end users of the various products experience difficulty in bringing them together to complete an overall project, and that tradesmen are difficult to book.
On another of mine, involving kitchens and bathrooms, it’s orders in the book and cash yet to enter the accounts.
Sig reports an order book continuing to build - better than going the other way, though getting the cash in would be better.

That was October, and it will vary month to month. . But here is a summary, for anyone interested.
https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/october2021

I would be interest to know what particular effect you see Omnicron as having on construction, and Sig in particular?

And of course, we don’t know, nor will we until they report, how Sig is faring in the marketplace.
Comparing last year and their own forecast for this, as an early recovery share things are going pretty well.

You may be overblowing it. Things improved again in November and Sig were confident of outlook towards end of October. Then it’s on to next year.

Not current sentiment generally, but goes to the results here.

Historically - the more time spent at home, the greater the likelihood of home/office improvement.

Couple of trading weeks to go.
Last we heard.
Outlook

Whilst supply issues persist across many product groups, order books continue to build and the outlook for materials shortages has become clearer. We are mindful of the potential impact of these shortages should the situation persist for an extended period, but remain highly confident in the effectiveness of our supply chain management and commercial agility. As a result of the continued strong sales momentum and operating performance, we are now more confident in our near term outlook and expect full year underlying2 operating profit to be ahead of current market forecasts.

That was £32mil.

If so, that would leave IDE with just over £700k, for whatever reason.

At 1p per share.

You’re right on Cloudcoco. Perhaps they are calling on the cash from IDE and that is it.
IDE may end up with Cloudcoco shares.

Mxc the commonality. I presume the jigsaw that is Mxc and offspring comes together in time for them to exit.

Putting it right (I think ) after Berenberg raise to 290p shown today.

Citi. Buy. 282p. Wickes joint broker
Deutsche Bank. Buy 320pWickes joint broker
Berenberg. Buy. 290p
Peel Hunt. Buy. 360p
Liberum. Buy. 450p

It’s plain they will not go to the markets in the future - delisting remains an attractive option for Mxc.

Stating what to me anyway is the obvious, whatever happens here is likely to be about Mxc and to their advantage, persuading their cohort if they can.

Mxc supporting a cash hiccough, apparently. And easy money for them. On the bright side for IDE, one would think when they’re looking to realise their investments Mxc see this as improving their own lot, money back plus interest, in the future and over the next 4 years.
It’s a balancing act for Mxc, with the amount they put in and their shareholding, and I have no idea where they’re at with it. Crafty lot they are.
I presume they mean 2022.