Member Info for Raleigh

https://www.builders.org.uk/news/uk-eu-trade-deal-a-good-day-for-british-construction-says-nfb/

https://www.yorkshirepost.co.uk/heritage-and-retro/heritage/aircraft-manufacturing-end-bae-systems-brough-after-104-years-dreadnought-submarines-apprentices-and-remote-working-will-secure-its-future-3071603

A post has 'disappeared' for the moment giving the trading update as being on 11th. January. People will have to be thinking about whether they wish to hold a position in Sig.

https://nationalinterest.org/blog/buzz/fx-japan%E2%80%99s-next-generation-stealth-fighter-will-have-f-35-dna-174943

Sarah Beale, chief executive of the Construction Industry Training Board (CITB), added: “Throughout the pandemic, UK construction has worked hard to stay open. There is a very strong demand for skilled people in our industry – the number of vacancies is back to where it was before the pandemic hit. And with the level of government investment in infrastructure, new homes and retrofitting for reducing carbon, we are expecting a big recruitment drive in the New Year.”

https://rcimag.co.uk/news/construction-vacancies-see-a-rise-back-to-pre-covid-levels

I am not even surprised, let at all amazed. Sig is a recovery stock, coming off the bottom and seeking to prove itself. The others, in general, are at the moment a trading bet on where the sp might go next. And I would not say the businesses have recovered.

In passing
https://www.constructionenquirer.com/2020/12/22/client-sues-design-team-after-costain-project-costs-doubled/

Sig is not closed. And it is nothing like any of them.

Back in.
https://www.ultra.group/media-centre/news/ultra-awarded-torpedo-defense-contract-worth-potential-268m/

Sorry - Morgan. It is in a fund of theirs. They have always been 'odd' to me, but no doubt have their reasons. But I do not see it as results orientated. If IKO sold it would start one thinking.

In my view the market is seldom materially wrong - the wisdom of the majority. In that context the share price movement up to the update may be more indicative. Today, across the board, an immediate reaction to the 'most recent' news, followed by a settling somewhere. Things are usually overdone in the first instance, up or down.

Nothing to be pleased about today for UKplc.. My belief though, for Sig, is that the immediate disruption will pass and make its way into longer lead times for the consumers, with merchants clearing a backlog of orders. Original recovery prospects for the company remain. The possible perception of no goods to sell, is probably worse in investors minds than Brexit, with tariffs being passed on, or the fact of Covid, with which the industry has been coping. And there is govt. support for construction in Sigs areas of operation. So I trust for my purposes we are seeing the low at 30p.
And then we return to the trading update, as always.

https://www.navyrecognition.com/index.php/news/defence-news/2020/december/9443-contract-for-bae-systems-to-provide-engineering-and-support-for-us-navy-virginia-class-submarine-propulsors.html

Sites to remain open as London and South-east go into fresh lockdown measures
By Dave Rogers19 December 2020

boris december
Rules tightened across whole of UK to combat rising spread of covid

Construction sites will be able to stay open, as the prime minister this afternoon (19 December) confirmed that London and the South-east will be put into a new, higher tier to combat the spread of covid -19.

The new rules, which come into effect from midnight tonight, will see all 32 boroughs in the capital moved into the new tier four along with a string of neighbouring counties such as Kent, Essex and Hertfordshire. In all, around 18 million people are being placed into the new system.

https://navalnews.net/australias-hunter-class-frigate-program-officially-begins-the-prototyping-phase/

The Scottish Government’s Programme for Government contains commitments to billions of pounds of investment in Scotland’s infrastructure, built environment, and decarbonisation programmes.
https://projectscot.com/2020/12/five-construction-themes-for-2021/

This sort of thing will filter down over time - all the govt initiatives add up, and the uk infrastructure bank should help private projects get off the ground. That is one reason apart from restructuring to advantage that I am optimistic about Sig as a recovery stock for the future, coming off a low base level. And I think they may have done quite well over a busy 6 months, taking into account the obvious disruption to most businesses during unprecedented recent times.

https://projectscot.com/2020/12/scottish-government-announces-800m-upgrade-of-25-schools/

I was referring to your 'real or perceived perception ' post. I have no idea what the bots may be up to. But they get everywhere.

IT scarcely rates a mention from Bae, but on 20th Feb they said "The Group has relatively limited UK-EU trading and the majority of persons employed in the UK are UK nationals, with only limited movement of EU nationals into and out of the Group's UK businesses. Accordingly, the resulting Brexit near-term impacts across the business are likely to be limited."

Those comments were in relation to trading within the environment in which the construction industry operates. They cannot help the environment, but as a recovery stock, I expect to see positivity around the beneficial effects of restructuring.