Professor.
It is just possible we may see something you would have liked to see today within the next 3 months. This document, published today, page 105, Heat and Buildings Strategy.
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/966176/Plan_for_Growth_Web_accessible.pdf
No point in covering old ground, but CD and R investment and ours ( my view ) in Sig as a recovery share was not predicated on particular budget news. Economic growth through construction remains a key part of Govt., here and EU, plans. And the green agenda, recladding and insulation and all that stuff.
So, no particular budget news, if you view it that way, is not a setback, and the early signs are optimistic, that the recovery stock is.....recovering. What have we had, so far from the company, actually - recapitalisation, CD and R topping up, and a positive trading update.
Thanks, and for your previous, on which I got the drift. It was just that I had in mind 39p/40p was of interest from a technical perspective. That, I thought, might give some indication of where we may go after news - assuming as I do, it will be at least at follow content of the trading update.
For most investors, it will be the next report and outlook from the company that sets the mark, not stargazing. A dose of immediate reality. But, you know, carry on in the best traditions of bulletin boards.
Showing some promise.
Everything ends, and they have great influence to exercise, but nevertheless, on CD and R increasing it's holding - "SIG welcomes the increased investment by CD&R in its role as a long-term supportive shareholder........"
But one can debate " long term" I suppose. And I know better than to rule almost anything at all in or out on this share malarkey.
CD and R cornerstoned the recapitalisation. They have 2 seats on the board. Francis in my view must be their man. They have getting on 30%. They are in the driving seat.
I cannot see them selling their stake until they are in a position to extract the 'biggest bang for their buck.' If they intend to sell, bearing in mind Sig is still early recovery, there is money to be made by building the business first. Alongside that, if their intention is to make a bid, and the relationship agreement permits it, the sooner the cheaper for them. But they may need to persuade IKO on that one, and the company made it very clear that IKO, following consultation, supported the CD and R arrangement. I have guesstimated previously that IKO probably needs 60p plus minimum to break even. I cannot see them being supportive of a plan, knowing or believing it would result in their disadvantage. Interesting at the top.
Reminded me of this old one. For the Chartists, not me.
https://masterinvestor.co.uk/equities/chart-navigator-sig-brand-architects-and-science-in-sport/
Any date given on this board so far is a 'projected ' date. Unless I am corrected, It is not one given by Sig to it's shareholders. Results can come at any time, and maybe Friday, but setting up expectations can lead to disappointment, and getting up early.
19th Feb. "Looking to buy back in, but recent range seems between 29-34"
24th Feb."Not sure whether to sit it out or sell and move on. Any thoughts welcome!"
Now I call that inconsistent. But if you meant you really were holding on 19th., you did not talk of topping up. And in the short time to 24th, had gone wobbly and
looking for help from anonymous posters.
Perhaps just lack of clarity and indecision? It happens sometimes. There you go.
Those from posters professing to hold but who think the share price will drop, with no explanation of why they believe it will. Does not make sense. But rabbits in the headlights perhaps. Your two posts seem inconsistent, also, as they stand.
Never heard back from Beachfeount either, looking to buy back in on the Friday, and on the following Wednesday unsure whether to sell and move on or sit it out, and nothing in between. I hate to say it, but there appears to be some suspect posting. I hope I am wrong.