Member Info for Raleigh

Kingspan issued a trading statement today - not the same but insulation and all that. May be a small further indication of 2nd quarter for Sig - "The Group's trading outlook for the second quarter is positive with ongoing strong momentum across most key markets". They have been doing well in Europe also.

2026? C'mon. I can't be alone as a Sig punter in not giving a stuff.

GCN. Anyway, they can't both be right, can they?
So what's it worth actually. Zilch.

There's loads of stuff and opinion out there. Take your pick. Here's one.
https://www.morganstanley.com/ideas/stock-market-outlook-2021
And some of it gets regurgitated on here.

Putting Covid on one side ( one can't,!but the industry has learned to work despite it )on 19th June 2020 the board commented on how they saw their market, and Sig's position within it:-

3. Industry dynamics beyond COVID-19 disruption
Despite short-term disruption, a number of structural drivers underpin recovery in the construction sector and sustainable growth in the medium to long term, providing a supportive backdrop for SIG's return to profitable growth. The Board sees potential for initial economic recovery as soon as late 2020 with potential for all markets and sub-sectors to return to growth by 2022.
These include:
(a) Position in cycle
The construction sector was at a mid-point in its economic cycle before the COVID-19 pandemic, rather than a cyclical high. Furthermore, in the UK and Europe, construction investment has lagged behind the wider economy since the mid-1980s, implying lower likelihood of a need for overbuild correction once the situation recovers.
(b) Structural housing shortage
Housing has not kept pace with the population across Europe and the UK. Residential under-build remains a key social and political factor across SIG's key geographies. This may result in further public sector support for the sector, such as the possible reintroduction of the UK's Help to Buy scheme, or an increase in private investment.
(c) Fiscal stimulus
Construction is likely to be a prime area of fiscal stimulus post COVID-19, as it provides a strong domestically geared multiplier in addition to addressing the political imperatives related to the residential housing industry. Moreover, the Company believes that there has been a structural under-investment in construction in the UK in particular, which may lead to additional opportunities going forward. Furthermore, there is potential for acceleration of pre-announced Government spending pledges, particularly in relation to infrastructure and housing.
(d) Climate / Environmental, Social and Governance (ESG)
The commitment to reduce greenhouse gas emissions supports greater activity in the construction of low-carbon buildings, through new build or conversion. Energy efficiency linked product verticals such as insulation and roofing are well positioned for growth.
SIG is well positioned to benefit from these positive structural drivers over the medium to long-term. The Group is an essential coordinator within the construction supply chain throughout the UK, Mainland Europe and Ireland, a market that is projected to be one of the first to rebound under government stimulus packages.

On Sig.
I would not wish to be proscriptive, but it seems to me that the company seeks to recover from a period of previous poor management decisions, and had commenced a strategy whereupon it was bitten by Covid, and the combination rendered recapitalisation inevitable.
The importance is that it is done and dusted, with so far as can be seen, and on the back of that a pathway opening ahead through those issues previously identified as of concern with profitability being seen as coming closer. And with that, even passing mention of a future dividend ( likely so far off as currently of little consequence )
Sig is a year in from coming off the bottom in terms of company performance and price. It is a recovery stock. It has to 'recover.' The limited reporting possible at this early stage says it is doing so.

Old Mick going to be a busy boy, warning off punters on the other construction boards, where he got an interest. It's the right thing to do.

They give 'reasons', too!

And as you know, the only thing you know about posters on these bbs is that normally there are at least two.

IT is one of the old ( outdated ) cretinous bb games, by the bored, let's get these at it brigade. You know, I'm in, got investment properties but new to shares, construction great, buying in to loads of them including Sig, going to be worth two quid, but waddya know, all of a sudden it's all going tits up in May. Big correction. But never mind, back in August when it's all over. Disruptive is all. But it's a free bb, so you take whatever you want from it.
If you want, you can buy into this.https://www.wyattresearch.com/article/market-crash-why-stocks-could-drop-40-april-2020/

Too much upwards momentum on nothing is something I seek to avoid, yet I see the merit in picking an entry point during consolidation, for those who see benefit in a positive trading update, perhaps in early July.
A few posters on the Sig bulletin board will not influence it's hundreds and thousands of investors, but advertising your intentions and the reason for them ( unrecognised by the mainstream financial press ) before execution, lacks judgment.

They are not large amounts, but do you contend that, for example, the latest share purchases on 23rd. and 25th March are not 'new share trades'?

Bit trite, but you have to be in it to win it, when that time comes again. And I agree the higher we float before news, the better the opportunity for them that wants to go - and the better for the rest of us for them to go now as the company improves - and why would it not be continuing on track as a turnaround moving towards profitability over the next year.

It is consolidating and trading above Jefferies' figure as anticipated ( so far ) I am pleased with that, mid reporting period as we are. It will give us a very good chance of pushing up and holding it on next update, provided the update continues to show the progress anticipated by the directors. By then we will not be regarded as possibly being in overbought territory. Chartists can put me right on that.
But I understand there are others who think it should go faster on no immediate anticipation of anything new.

Rebound in new commercial work sends output to six-month high
By Tom Lowe13 April 2021

city of london
ONS data also reveals GDP grew by 0.4% in February

Growth in new commercial jobs sent construction output to its highest level in six months in February as the economy began to reopen following the successful vaccine rollout, according to new ONS data.

New work in the commercial sector grew by 4%, the largest contributor to the 1.5% monthly increase in new work across all construction sectors.

…

I have Íde on one side as one of my long losing holds, though I continue to believe MXCP has plans for it, and thus will rescue my losses sometime. Hence I may have missed the Atos contract?

Confidence recovering as more lockdown measures eased, Building survey says
By Thomas Lane13 April 2021

Optimism jumps 90% on figure recorded last December

Industry optimism about future work prospects over the three months to the end of May has jumped by 90% compared to figures published in December last year.

The results were revealed in a survey carried out for Building’s sister title, Building Boardroom, and cover current workloads and work enquiries plus future work expectations.

Just for flavour.
https://www.globaldata.com/global-construction-industry-set-grow-5-2-2021-according-globaldata/

Make what you want of a little bit Eurozone stuff.
https://www.theconstructionindex.co.uk/news/view/eurozone-construction-returns-to-growth

There is a paywall. So this is the start of it - first movers in social housing making early steps to retrofit regardless of govt. support.

Major housing associations launch 300,000-home partnership to tackle decarbonisation
NEWS
09 Apr 2021
BY SARAH WILLIAMS
Five of the UK’s biggest housing associations (HAs) have formed a landmark partnership to tackle energy efficiency and decarbonisation across

Major housing associations launch 300,000-home partnership to tackle decarbonisation #UKhousing #SocialHousingFinance

Five of the UK’s biggest HAs – @abrigroup, @AnchorHanover, @homegroup, @HydeHousing & @HelloSanctuary – have formed the Greener Futures Partnership to collaborate on procurement and knowledge-sharing around decarbonisation #UKhousing #SocialHousingFinance

Abri, Anchor Hanover, Home Group, Hyde Group and Sanctuary Group, which count more than 600,000 customers between them, have together formed the ‘Greener Futures Partnership’ (GFP).
 
Over time, the organisations – whose joint turnover exceeds £2.3bn – intend to collaborate on procurement, building skills and expertise, and creating solutions for developing more affordable and sustainable homes while lowering emissions in existing homes.
 
The partners have signed a collaboration agreement for an initial 12 months, and over the period will consider future structures and vehicles to support their medium to long-term aims.
 
In the first instance, the focus will be on engaging with key stakeholders and in particular consulting with customers.
 
Peter Denton, chief executive of 48,000-home provider Hyde, who will chair the partnership in its first year, told Social Housing that recognising the unique relationship HAs have with their residents would be key.
 
“We are there to create sustainable tenancies for both communities and for customers individually, and crucially customer insight over the next 12 months is important. We need to understand how we can reduce fuel poverty, improve living conditions and improve lifestyle.”
 
Mr Denton said that the five-strong partnership had been formed in recognition that if decarbonisation goals are to be met, organisations cannot wait for grant but need to be “on the front foot of so many different areas”.
 
“For us [in the partnership], doing it with £2bn-plus turnover, 600,000 customers, 300,000 homes and probably £7bn to £7.5bn [combined] spend to 2030 on EPC – those are numbers and scale that make us sit up and think, ‘This is quite cool,’” he said.