Member Info for Raleigh

https://rcimag.co.uk/news/sig-roofing-opens-new-slough-branch

Or Rodney? Pleased with this coming back 'into vogue.' 'Owes me quite a lot.'

There will be some newsflow too. Hopefully trending to the positive.
"Corporation will, in the next few weeks, be providing further project development updates at Nalunaq, further exploration results from the 2020 exploration season, as well as the upcoming exploration plan for 2021 in South Greenland. "

Bought some more. Finished now, regardless. Seller ( bound to be finite ) under whatever guise not within company control.
Reliant upon comparative strength of sector, and Sig's position within the supply chain, as reported in trading update.
https://www.lse.co.uk/rns/SHI/full-year-trading-update-jx3545tukauwagx.html

https://www.nwemail.co.uk/news/19039242.plans-making-part-shipyard-upgrade-bae-approved/

I should say not so much a bounce, more like lots of little bunny hops til we went up on the update.

It bounced off 30p in latter times.

Just part of the overall picture - make of it what you will :-
Construction one of only two sectors to see vacancies higher than a year ago
By Tom Lowe26 January 2021

But unemployment is still 44% higher than 12 months ago
Construction was one of only two sectors to see an increase in year-on-year vacancies in the final quarter of last year, according to new ONS figures.
There were 2,000 more construction jobs available in the three months to December 2020 compared to a year before, an increase of 8.3% on the same period in 2019.

Out of interest.
https://rcimag.co.uk/news/cpa-launches-consultation-on-new-product-information-code

As you probably know, that was apparently a previous talking point.
https://www.telegraph.co.uk/finance/markets/marketreport/5837051/Canadian-trade-buyer-builds-stake-in-SIG.html

When I posted on 24th. October I had put IKO at over 60p, so pleased we independently agree. But without deep research it is necessarily a ball-park figure.

UAE confirms agreement with US for F35 aircraft
24 JANUARY 2021BY COLIN FOREMAN
The $23bn defence deal includes as many as 50 F35 aircraft, as well as drones and other military equipment

And they will probably need to get IKO on board, who on my reckoning are in this at a very much higher aggregate price.

I think rule 9 adds nothing to any possible bid by CD and R. In the event along the way they wish to make a bid, they will dictate the circumstances and the timing.

In response, my understanding.
Generally, a bid can be made by anybody at any time at any price.
But you refer to a mandatory bid under Rule 9, the 30% rule, an existing shareholder or concert party ( the latter I believe, does not exist here )
CD and R is the only shareholder that comes anywhere near that for the purposes of a Rule 9 discussion.
If the Takeover Panel demands a mandatory bid then the rules of The Code specify that the price of the bid must be at least the highest sum paid by the shareholder or concert party over the preceding twelve months.
Thus any bid by CD and R would have to be at the highest price paid by them as above.
When CD and R went to 27.1% the company said, "The acquisition ( of shares ) is in line with the terms of the relationship agreement entered into between the Company and CD&R on 29 May 2020 which permits CD&R to acquire ordinary shares in the capital of the Company unless such acquisition would result in CD&R and its concert parties being interested, in aggregate, in excess of 29.9% of the ordinary shares of the Company or voting rights attaching to ordinary shares which are generally exercisable at general meetings."

https://www.airforcemag.com/next-f-35-contracts-under-negotiation-deal-expected-by-late-september/

Thank you for that. Although I find these dual entries sometimes difficult to interpret, it is plain at least £2m worth bought, to start again, and at that higher price. Gives a little lift, in a kind of way.

https://www.machinery-market.co.uk/news/29009/BAE-Systems-to-provide-new-turret-for-Dutch-tanks

Of course. We have the trading update. Figures reported are necessarily in arrears.

IT is never a fact until it happens. But it is where he is trying to go. I see no point in trying to knock that.

Old article, with ongoing relevance, which is why Costain aims to change direction, based on bitter experience.
https://www.kreo.net/blog/why-are-construction-profit-margins-so-low