Member Info for Raleigh

Of course, for those who like to trade now and then, the greater the volatility the better. I much prefer not to have to consider that option.

41.7

On 27th March at 39p I suggested the price has a need to consolidate somewhere around that price. I think it is doing so. I do not wish the share price on too much for now, though on history it will come to trade somewhere above the brokers 31.7 before the next update. I use that price as a convenient staging point. The downside to a preceding 'high' price where it hits a wall is in my opinion, that investors will profit take, as before, thus eroding the benefit of an RNS showing anything other than an extraordinary company performance during the period.

That's the spirit Mick! Keep banging away.

https://www.buildersmerchantsjournal.net/construction-moves-to-pre-lockdown-levels/

One must moderate expectations or court disappointment. As always.

Say it for what it is. The suggestion that investors ( and pundits ) will not react favourably to positive progress published in trading updates showing a clear road to profitability over the next year or so is rubbish, pure and simple.

In accordance with my Friday post, as an investor who believes the price will rise as the company improves ( and I am looking for increasing revenue this half rather than anything else - we have the company outlook )
I favour the Newt point in general, if all goes well, a progressive share price advance as opposed to what seems to be more of a later Big (ish ) Bang approach by Mick who thinks it's 'all in the price' for the foreseeable future. In any event, that would be unnatural. However, there is nothing between the two views other than time, and trying to predict where the price will go during the course of reporting periods is difficult.
Housebrokers raised the target price after results to 41.7. I know there are differing views on brokers, but there is no reason to assume that they have grossly under or overpriced it. I think strict valuation is difficult, so I talk of price. After all, at the bottom end of theorising one could ask why would anybody pay anything for a loss making company. So I believe it is a question of what price investors are prepared to pay over the months as the company gets closer and closer to full profitability. History has shown they have been willing to pay more. But there is no arguing that I shall need to be patient once again, to get the best from it.
At the bottom end, I shall personally be a little miffed if we do not see that 44p again this year.

Eat your hearts out anybody envisaging a CD and R bid at a premium!
I just keep an open mind on that one, though.

You appear to be saying the company is overpriced, and will remain so for the 'foreseeable future.' Nothing here to attract mainstream investors.

Without looking too far ahead, we are looking at still being loss making, but increasing revenue in H1, and according to the company the "......benefits of ( its strategy ) will become increasingly evident as the year progresses and should enable us to return to underlying operating profitability and cash generation during the second half."
That is what we know, what the company believes.

I am not sure what document you are referring to when you speak of a current profit forecast being low, for today's market cap.
And do you not think that investors will be interested in an early stage turnaround proving itself as heading towards profitability, in the same way as those invested here are? Or do you think that you personally have invested too early? And this is why you think other investors will be deterred?

I have never made price forecasts, 40p or 100p. But I do believe company progress will result in sp progress, and with continuing sentiment the price will exceed and trade above Jefferies valuation, in anticipation of 6 month results ( we are halfway through and the company has said revenue has increased so far this half ) Before the likelihood ? of another upward revised target.

They made a start https://www.unlocknetzero.co.uk/news/50000-households-to-get-warmer-greener-homes?utm_campaign=4868_UNZ%20Newsletter%200104321&utm_medium=email&utm_source=unz_dotdigital&dm_i=6VTO,3R8,RB01,74N,1
It is a start, described as an initial 'down payment'

https://constructionmanagermagazine.com/mps-to-examine-best-routes-to-net-zero-construction/
Govt keeps worrying away about this net zero carbon. That question remains of interest - What can the government do to incentivise more repair, maintenance and retrofit of existing buildings?
They have expressed intentions about public buildings, but they will really need to get on and do something about a proper housing retrofit strategy, if they are to make progress. It is my guess that will find its way into social housing in the first instance....sometime.
Not an imperative for Sig, but a very useful bonus.

Low volume. Therefore bit spikey. People trying to get best entry and exit price.

No specific mention of construction. Some previous regional measures now extended across France for 1 month min ( schools closed, curfew ) I presume therefore that construction and support services continues as before.

It is possible today's loss may include movement on the possibility of a new French national lockdown, of the type implemented at the beginning of the pandemic. Construction was exempted there in the subsequent Covid restrictions October to December, when the French part of the business improved considerably and did quite well ( results) Construction was excluded as a result of "the huge dent that the shuttering of the building industry left in the French economy in the spring."
Macron will announce new measures if I have it right at 8pm this evening. If construction exempted, business for Sig as 'usual.'

This is supply chain construction. Subject to it's own efficiency, it is construction that it should follow in the absence of information from the company. Comparatively speaking, the outlook for construction is favourable. Over this reporting period I expect to see continuing increasing revenue to take advantage of economies of scale, working towards positive cash generation from that increasing revenue, and appreciating there will be the stated seasonal capital expenditure net cash outflow (in restocking, etc., ) as outlined.
The company is halfway through the period. We are told the trajectory is good, and in accordance with projections.
Just now, we are satisfactorily losing investors without the inclination to hold, these being replaced, hopefully increasingly as we close on period end, by new ones starting again at current prices.

https://constructingexcellence.org.uk/environmental-audit-committee-publishes-its-fourth-report/

Original Green homes voucher scheme scrapped, not working anyway, and cash for that now being applied for similar purpose through local authorities.
https://specificationonline.co.uk/articles/2021-03-29/fmb/flagship-green-homes-scheme-scrapped-by-government

I have not read about anybody being concerned "about the rest of 2021." Originally, analysts were saying Sig had to prove it's plan was working. It has done so. And, as I see it, the next time Sig reports it is anticipated it will show improving revenue/market share, and confidence of achieving the ongoing outlook as given in the results. Investors, I think may anticipate that, a reason why I have said Jeffrey's target is ( very ) possibly too low.