Member Info for Raleigh

I meant to refer to Thursday's share reshuffle.

With the growth plan reported as being on track, and ample liquidity to support that, it is difficult to see a reason why progress will not be sustained in line with covid cautious expectations, or with yesterday's reshuffle why the price should drop very much from here. Guessing, I think it will consolidate somewhere fairly close.
I think the analyst at Liberum has it right - "SIG is a recovery story after new management joined and the group was recapitalised. The outlook is unchanged, with management expecting to achieve revenue growth in 2021."

"The year has started well, which is encouraging as weather was unhelpful in the UK ... but we expect it to remain loss-making this year ( though generating positive cash from sales second half ) so investors will need to be patient."

With construction dropping off a bit at the start of this year, continued sales increase over that time can be seen as very positive, though I would make some allowance for the possibility of stockpiling.
History suggest the latest house-broker raised target price may be conservatively low.

But that is good. No?

Ignore brokers if you like, but joint housebroker put 37.6 on it. Just got there this morning. As I said before, traditionally it has traded above the more recent analysts prices. Nothing has changed here, company wise, since last brokers call. The company is on track, subject to usual caveats.
There may be management buys later. And for good or bad, the pundits will possibly have something to say.

I thought it might run today. It has not, so far. The majority out there are not biting. So......

Unless the CFO and staff have it wrong, I would expect the FY results to be pretty much as they worked it out.
"As a result, the Board expects to report FY20 revenues from underlying operations2 of c£1,870m, subject to audit.
Subject to audit, the Group will report an underlying3 operating loss in the range of £57-61m for the full year, which is at the better end of the range of previous expectations. Profitability continued to improve throughout the second half after the underlying operating loss of £43m in H1. Finance costs for the full year are expected to be c£22m.
The Group finished the year with net debt of £5m on a pre IFRS 16 basis, and with gross cash balances of £233m. Reported net debt on an IFRS 16 basis is expected to be c£240m"
We shall find out how this year started, busy I expect, and how they cautiously see the future.
Bought some first thing today, to be in the game, and see how we go tomorrow.

https://rcimag.co.uk/news/sig-creates-20-jobs-at-newly-re-opened-cambuslang-facility

Just doing my own thing. And anyway, the big tellys bust.

I hope the company will show the progress the trading update indicated, and I expect it to report a good start to the year, and be cautiously optimistic about the future. There will also be comment on the timing of future profitability, which in my view is almost certainly unlikely to have been put back.
At a personal level, what I have done is protect my original capital and profit at the best price recently available. It is quite a large sum. I am content with that, accepting the price could go higher. On this occasion, I am not chasing every % to be made from 43 - 44p.

I think it will likely come to trade above Jefferies anyway - it has done before and we are yet to hear from Peel Hunt.

I went out on 11th, when momentum stopped, with joint brokers Jefferies having put 37.6p on it a week or so before. I shall look to buy in again sometime after results.

Price at 1630 41.02. UT 40.02

I believe the company will show progress as indicated in the trading update already out there. I am, however, wary of profit taking.

They put this out about Sig on 9th. March also. A general disclaimer for events and material beyond the quantative.

"This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.Simply Wall St has no position in any stocks mentioned."

"Simply Wall St News is the future of finance journalism - it's a fully automated, algorithm powered news site .........."

I have always thought it was computer generated, filling in a field with numbers, with no background input.

The industry including Sig's trade body will not stop lobbying for a working retrofit strategy.
https://www.buildersmerchantsjournal.net/bmf-lends-support-to-clc-co2nstruct-zero-programme/

"Working with Government to deliver retrofitting to improve the energy efficiency of existing housing stock"

This seems to be industry thinking, though I think it may come before then.
“The focus must now be on ensuring the national retrofit strategy is fully and unequivocally adopted by the Government in the Comprehensive Spending Review in the Autumn, which coincides with COP26.

I think that is right. We all look to profitability as time passes. And profitability on increasing revenue. The trading update anticipated market share gains in 2021. I hope that in post-financial year end comment they will report early success in clawing back business previously lost to competitors.

I took advice and fiddled a few extra shares out of it, is all.

I was warned this morning it was overbought? Anyway, bit of profit taking and may come back.