RE: Trading update28 Nov 2020 10:39
Sig is fundamentally a turnaround situation and for me, where the changing price is now is largely irrelevant. The question posed is whether the new management backed by CD and R ( with ' in the trade' IKO as both long term and recent heavy investors at 30p., who know the potential well ) are making the in house changes required, and taking advantage of the new opportunities presented by govt and the to come private support for construction through the Infrastructure Bank, and the green agenda.
I believe they are likely doing both both, and potential investors will see that the company is set for growth, in the UK ( a let-down ) and EU ( where Germany needed looking at ) Profit is definitely off the table for the anticipated January update, and capital expenditure will be increasing to invest in the turnaround prospects ( the reopening of Cambuslang with significant investment, in my view to take advantage of the substantial opportunity arising from Project Scotland at Ravenscraig, is a case in point)
A reduction in operational losses is what is required of the company for now.