Member Info for Isthisawinner

I'm in construction and the writing has been on the walls for months, the housing market (construction wise)has been awash with cheap money and now its saturated with property that the average punter cant afford to buy, the high street rents are in free fall and all this before covid is pointing to a severe downturn. Sig were lucky to sell the air handling side when they did and as for the building solutions part, I can see them been stuck with that for now. The group had debt of approx £160 million and cash of £135 million. They have admitted they made a loss of £9 million so far this year, so the way I see it it going forward, if construction doesn't take off straight away to levels pre covid (which it won't ) then Sig is going to be under severe pressure. Having debt is fine as long as you cas service it from profits.

They had 50k left as of December report..says it all

No worries mate, no harm done, good luck with your investment, I haven't decided if I'll have a punt here yet.

Well I'm not trying to influence the sp and would be astonished if I could. Bottom feeder ?, maybe and why wouldn't I ?. I wish you well if you buy and it goes up, the thing here atm is do you buy before or after the update. It will either go up or down and I will have little to do with that but good luck to all whenever you decide to buy.

The company is expecting to make pre tax profits of £42 million the year ending 2019, which is good. But in their own words in the first 2 months of this year they're expecting to lose £9 million and that was before the near total collapse economy as it is atm, my argument is just that with the uncertainty that is to come and further losses expected, I would expect another drop in sp as the year goes on. Their paragraph which I referred to..." As outlined in the Group's announcement on 25 February 2020, trading in the early part of the current year saw a continuation of the challenging trends seen in the last quarter of 2019. As a result of these trading patterns, the Group has posted an operating loss of c£9m for the first two slower trading months of the year with like-for-like sales down c.11%. "Gla

Agree, slowly walked up prior to news. Gla

Could be a damp squid, they have sold the air handling business which generated good profits (perfect timing though), the building solutions arm has been referred and possibly wont go through, it will be difficult to sell now at the price it was previously negotiated for. The construction division was in decline prior to covid and will struggle for a long time, no matter how enthusiastic some countries are at getting their economies back up running. Finally, they are carrying a lot of debt, soory to say but I can see the sp going below 10 when profits are announced. Just my view. Gla

Cheers people, will watch closely now and keep an eye on the last short.hla

New here as you may have noticed, just looking for some up to date info. Does anyone know the the break of outstanding debts and cas in the bank atm. Cheers

Cheers for replying and adding your views, but atm I think oil related businesses have a rough ride ahead atm until the price of oil settles, the shale markets are about to collapse and within a month we will run out of space to store crude unless opec agrees a massive reduction. Agree the banks will come back but I think we haven't seen the worst there yet, we all have gone into lockdown but the financial impact of all this is yet to surface and when it does, we will see newer flows in the banking sector. Myself, trying to find small businesses which ar cash heavy atm and can take advantage of the weak market. One I rate is orm if you can get in below 60, have a few others I'm watching too, will update later

And on paper this is a no brainer buy, but......I agree JP Morgan ect buying is a real positive, but the dont always call it right and with lockdowns being extended daily, the hit on the economy is getting worse by the day. The facts are there if you want to see them, the big retailers are taken a massive hit, the rental market is going to follow along with a crash in the housing market. The banks will bare the brunt of it, with more bailouts and nationalisation of smaller ones possible. I know I sound doom and gloom, but come June or July, we are not going to wake up one morning and and all this will seem like a bad dream. When we do do eventually start to get back to business, the old normal will not exist and all economies will just be in survival mode. With all the government's help, we are still going to see massive company failures, not because they were bad but because the business they were in has evaporated. On that miserable note I end with this....sell you house, car, clothes and even your cat and invest in the stock market the day they announced the have found a vaccine....because that going to be the game changer.gla

You know I was a keen on Vrp and that I have turned negative as of late. This has led to many a heated discussion as points of view have differed....I think we should just accept we dont see eye to eye on this anymore. On that note and with the olive branch out, would anyone like to discuss other share opportunities and reasons they fancy them ?

https://www.google.com/url?sa=t&source=web&rct=j&url=https://amp.cnn.com/cnn/2020/04/16/tech/coronavirus-medical-equipment-3d-printing/index.html&ved=2ahUKEwiwg-WhnPDoAhWaFcAKHczYCx0QyM8BMAB6BAgKEAQ&usg=AOvVaw05spEWivO9mIc6CTSXwOQc&cf=1

Was soooooo near, but dont think it will break today. Gla

Higher highs and higher lows.. gla 2 will soon be broken

More than happy for you to be proved right and me wrong. Lol

Can see at least a 2.2 finish .....just my view, dyor gla

Possible picking up, would be nice to see the sp tick up and hold today.....would bode well for a positive rns next week. (Just my wishful thinking, but a good possibility)Gla.

Blue day tomorrow and next week if momentum of Gileads trials continues. Gla

So you think maybe the bod are given investors in the States the heads up on what they're planning and just cant be bothered to mention anything to investors over on this side of the pond....lol, come on, I give you more credit than that. .....only news your going to hear is, due to covid ect, Jack sh.t is happening and apart from our massive salaries, we will try cut back on spending....and we will update you later in the year.