RE: Out I think25 Sep 2020 12:30
By no means a huge holder 25K shares average 27p. Think we are all feeling the loss after yesterday’s results but a lot I feel is due to market sentiment in general. If the results were published in the landscape of mid June with the FTSE at 6400 and the market optimistic we would not have seen the level of drop we have experienced.
Look around IAG is sub £1, PFC is nearing £1. Market sentiment is at an all time low. This will be a W shaped recovery and the next month or two is without doubt the storm with Brexit and the US Presidential Election upcoming but I do believe SIG will turn this around and be in an excellent position come March/April.
The government will need to build, is supporting insulation and lets not forget SHI also has a contract with HS2. It’s a hold for me.
The markets will turn and when it does SIG will too! Short term may drop to 20 but feel that will be short lived.