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This is the key takeaway. 'Group like-for-like H1 sales up 1% up on 2019.'
This is pathetic. We're in the middle of a construction boom and only 1% up on 2019. Forget last year due to Covid.
Share price will open down.
Edwin, I'll make another excellent prediction. The results won't boost the share price. The opposite in fact will happen.
Ask yourself a question. Why did the share price go down 4% today just before the results are announced? In case you can't work it out it's because the results aren't going to be great.
You heard it here first.
Sell! sell! sell!!!
Melseth, I wouldn't go around calling others dumb when you don't know the difference between 'you're' and 'your' lol!
'CD & R might have five bob.' I'm afraid 'might' isn't good enough. Do you know if they are planning to throw more good money after bad or are you just giving us your subjective opinion?
You should know that eventually the share price does reflect the profits of a company. may I suggest you revisit the excellent educational posts I've previously done.
It's my contention that the share price is currently overvalued so at the moment the market has got it wrong. It's only a matter of time before it gets it right.
Is 'dividend by next June' also your subjective opinion or can you back up this comment?
Melseth, I think we'd all be grateful if you could let us know where SIG are going to find the money to buy other companies. It certainly won't be out of profits.
Also what makes you think the share price is going to go up so much in the near future? The fundamentals are terrible.
Given your 'inside line' can you tell us all when the dividend will be reinstated? Until this happens the market will view the company as still struggling very badly financially.
Yes Clio, i should never have invested in SIG. I was a clueless novice like you and bought the shares because I used to work for the company, they were the market leader and insulation is big. I've since become an expert on shares and now realise I did nothing but take a huge gamble. Luckily the price went up a lot and I put a stop loss in place and made a fortune. I put it down to pure luck however the stop loss was a touch of genius.
Don't believe everything Melseth posts. I was actually head hunted by SIG and left them of my own volition to set up a new insulation company. Melseth has obviously got me mixed up with someone else.
I merely post to provide a bit of balance and to pass on my pearls of wisdom. The amount of unwarranted confirmation bias on this board is off the scale. You should be grateful that I'm pointing out the error of your ways and giving you the necessary information so you can sell up before you lose all your money.
Yes it has. The stock market is wrong most of the time but it's looking like SIG have finally been sussed out.
I was once a novice investor like you. I've freely admitted this in the past. That's why I invested in SIG. I was clueless like you.
I'm now an expert and have realised the error of my ways. You'd do well to follow my advice. Sell! sell! sell! before it's too late.
nuda, I think you'll find I always have plenty to say regardless of whether the share price is going up or down. What you need to realise is that the share market gets the price wrong a lot of the time. Hence the daft price of over £1. Eventually the market gets it right like it is starting to do now by down valuing the SIG share price. It's got much further to fall and I fully expect the company to go bust by this time next year.
You have been warned. I can't say fairer than that.
The number one thing an investor should look at before investing in a company is it's earnings. If a company has no earnings then it should be avoided. What is SIG's earning history I hear you ask?
2016 122m loss
2017 60.2m loss
2018 17.5m profit
2019 124m loss
2020 139m loss
2021 4.8m loss projected
Given such an appalling record I'm amazed anyone would invest in such a crap company.
You'd do better to focus on the macro picture instead of constantly harping on about micro issues. Let me enlighten you.
Construction is going to continue to boom for the next 4 years or so. Day to day issues should be of no concern to anyone. Many good construction related companies will multi bag in this period. Unfortunately I don't put SIG in that category.
Ennismore aren't daft. They know a share that should be shorted when they see one.
SIG fails all the criteria of the Altman Z-Score. Tests over 31 years to 1999 found the Z-Score to be 80-90% accurate in predicting liquidation one year prior to the event. The company also performs very poorly on several other metrics. I can't understand for the life of me why anyone would invest in such a crap company when there are plenty of other good ones out there. At the very least all you gamblers/gullible investors should immediately put a stop loss in place.
You have been warned.
https://www.investopedia.com/terms/a/altman.asp
I'm afraid I don't do hiding. I've been busy lately building my property empire which is currently generating over £600 per day in capital appreciation alone. My knowledge of the property cycle has come in very useful indeed. I expect this kind of growth to continue for another 4 years before we have an almighty crash. Rest assured I will have sold at the top of the market before this happens.
Right. back to shares. SIG has gone over 50p lately which is a positive sign. However I believe this to be a short term blip and put it down to irrational exuberance. I've yet to see a cogent argument on this board as to why anyone should invest in such a poorly performing company. All I ever see is that the insulation market is going to expand therefore SIG will do very well. That is not a reason on it's own to invest. Nearly all the fundamentals are terrible and this has to be the main decision making criteria. For some inexplicable reason everyone on this board but me completely ignores this information.
It's possible that the company will turn around. It's far to early to say. Therefore investing now is absolutely crazy. take my advice. Sell up now or at least put a stop loss in place. Wait for the fundamentals to improve considerably. Then and only then reinvest.
Someone doesn't know his apples from his oranges. On July 8th the price fell below 50p and stayed there until 20th August. It was up and down like a yoyo failing to go above 50p until 20th August. That's the proper range it was trading in.
It's now gone above 50p which should signal a further positive move up. Indeed that's what's happened today. I won't be buying back in though anytime soon. The market will eventually work out that this is a sucker stock which means a stop loss is imperative if you gamblers and amateur traders/investors don't want to lose the gains you've luckily achieved.
So the share price has broken through the 50p barrier. This should come as no surprise to anyone. The market is very irrational at times but does eventually get things right. This process can take years but rest assured SIG will eventually be sussed out and the share price will collapse. That's unless of course the current management are successful in turning around the fortunes of the company. I can't see it myself as there are just far too many negative fundamentals.
In the meantime enjoy the temporary increase in the share price if that's what makes you happy. I'm happy because I got out way above the current price and made a packet. It's a shame most of you didn't take my excellent advice.
It's your loss lol!