Member Info for Raleigh

Just a passing comment on share award schemes,two of which are subject of today's and yesterday's RNS. They will be held until such time as, subject to conditions, they are awarded, vest, and any required holding period is satisfied. So they are not currently tradeable. It may be some time before they become so.
It seems clear that the first likely awards will be made to executive directors and senior managers under the LTIP demerger transition scheme, following half year and full year results, provided conditions are met. Little doubt they will be met. Shares will be subject to holding periods.

Yes. Looking at prospect for dividend. Their next opportunity to put the necessary mechanics through AGM would not be until likely next Spring. And on their given outlook the company will be in bottom line profit during this second half.

Re. 13th May AGM
CAPITAL REDUCTION (RESOLUTION 20)
"The Company currently has negative distributable reserves of approximately £217.1m. The Company requires distributable reserves in order to, amongst other matters, make distributions or pay dividends to shareholders. The Company is therefore unable at present to make distributions or pay dividends. The Directors are proposing to cancel the Company’s share premium account (the “Capital Reduction”) in order (1) to eliminate the current negative distributable reserves balance and (2) to create distributable reserves. Assuming that the Capital Reduction becomes e ective, the Company would expect to have distributable reserves of approximately £230.6m following the Capital Reduction becoming effective..........

The rationale for the Capital Reduction is to provide the Company with the ability to pay dividends in the future. The Company is not proposing to pay a dividend for 2020. Under the terms of the Company’s borrowing arrangements, the payment of dividends is subject to a number of conditions, including that at the relevant time the Company’s leverage is less than 2.25x (including on a look-forward basis). Additionally, even where such conditions are satisfed, any interim dividend for 2021 is limited to a total of £3million........."

Eat your greens sort of thing. Keep taking the tablets.

Jupiter taken 5%.
https://www.lse.co.uk/rns/WIX/wickes-group-plc-tr1-notification-of-major-interest-mj2ai8lnujr5doa.html
They appear to be new over 3% holders, not previously listed as having held a notifiable number of shares in Travis Perkins.

Just one particular company, but a comment on supply within the text.
https://www.constructionnews.co.uk/news/peoplemoves-news/cladding-group-appoints-new-commercial-chief-14-06-2021/

http://www.diyweek.net/on-a-mission-to-help-the-nation-to-feel-house-proud-wickes-debuts-first-tv-bathroom-ad-in-a-decade

I been in and out several times, varying amounts. It's sort of worked. But mostly back in yesterday. When we get the update, move to operating profit and the additional on the bottom line, I believe some stability will return. And I expect brokers to revisit targets then as before.
But yes, we all take our chances, though I feel Sig should still be getting as much product as they did before. Though the industry will complain about lack of full availability, in the press, etc., those supplying can't crib about increased demand for what they're selling.

We have had good update for those seeing more in the share price. But it's taking an age to get rid of these Travis sellers.

What do you think? Construction stopped. Puncture in a lorry somewhere?

US inflation figures are bad. Cannot guarantee that is the reason, but many anticipated such, possible results, and acted accordingly.
Now at 6 month low and I think the Peel Hunt target. So possibly an opportunity. I have taken that view, anyway.

The markets been thinking about US inflation figures this week, like last time around. Get them done this afternoon and see where we go.

https://www.theconstructionindex.co.uk/news/view/uk-construction-to-create-217000-jobs

Deutsche Bank raised target to 300, giving average target of 330p amongst the four brokers known to have initiated. There may be others I have not seen.

Do not mention Celotex. Grenfell and all that. I am not 100%, but I do not think Sig stocks it ( any more ) amongst their 'product types'.

1st. June.
Analysts at Liberum upgraded their forecast for 2021 profits by 22.8% to £68 million, adding that the group looked to have entered into a cycle of upgrades. They said: “Wickes is in a structural sweet spot where numerous tailwinds should drive multi-year growth ahead of the broader market.”
The broker increased its target price by 60p to 420p, while counterparts at Peel Hunt increased their estimate to 320p after nudging up full-year profit forecasts to £67 million.
https://www.ii.co.uk/analysis-commentary/why-investors-love-these-two-mid-cap-shares-ii520362

Very large and not the same, but heavily into construction materials (owns Jewson in UK) updated today. Very positive.
https://www.lse.co.uk/rns/COD/trading-update-2vsf9huguxk3wdx.html

And
https://fintel.io/somf/uk/shi
Bit of blurb to add to the rest on here.

Out of interest
https://sec.insider-monitor.com/stock/GB0008025412

In passing.
https://www.inyourarea.co.uk/news/wickes-reveal-plans-for-new-torquay-store-opening-next-year/