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PE extract more and more equity out of the existing shareholders through debt. They have no real interest in a sustained recovery. Francis is the CD&R’s puppet. As long as they keep writing cheques, that CEO will do what ever they want........this has now has Proceed with caution written all over it......

Correct.......which means dark clouds ahead.....25p on the horizon as too early on the journey I’m afraid....

Nobody makes any cash out of these government schemes......

Fundamentally as it is always the case when Private Equity take a lump of your business - they start to dictate the strategy, no PE company is in it for the long term and they will be a very difficult adversary in the board room too. Francis should not have taken their cash, as they could have probably raise the full amount from investors and not private equity. This mistake will make life difficult in the short term and everything will be scrutinised by CD&R and IKO - both being able to squeeze Francis at any point..........Private Equity do not operate with a rule book hence they are difficult partners. See the price heading to 30p now - not ideal either....

Francis let the Private Equity Mob in the back door too cheap.....25p come on. Proof being the second phase of raise was at 30p.....as it was held down by the 25p gang.......It would looked as though the new management were giving chunks of the business away for damn all. Don’t forget he could have completed the sale of one of the non core business units.....Francis took the vultures cash instead....! The monopolies thing was really tested was it....?

So Feb 2020 share price is c.£1.25 / share. Monumental drop to c.20p in a matter of a fortnight. Private Equity disclose their interest and snap up a chunk at 25p. New level 25p and then another Share issue at 30p only to those that were holding on a Limited basis. If any PI were holding at even 80p, then new buyers at c.20p per share were able to purchase nearly 4x multiple already and then could access a higher chunk of the new issued shares due to allocation restrictions. Therefore the long term holders are sitting on massive losses, unable to unlock the share issue pricing rates. So even at 50p from now the longer term holders have been shafted by Mr. Francis with PE setting the new low and then by the new shareholders (I am one) at the low 20p purchases gobbling up larger chunks of new shares at the 30p level. This is a play to 50p and then run.....just forget those SHI shares if your a longer term holder from the Halcyon days of £1.00 plus...we are miles away from that level....

Take the profit every time......when it has doubled...

Only that David Hope is useless.......

Read the post - I have supplied them......Not worked for them.....FFS - Open your eyes pal!

Totally agree - it is a great buy at c.30p, all I am saying is take the profit when it comes......no harm in that.

I have worked in a supplier capacity with SIG for nearly 6 years, in that time the culprits of the company’s demise were booted out - David Hope - the then MD - North SIG Distribution was binned off. He then turns up in the re-build......staggering! I have invested in this share purely on the monumental drop in March and not on the back of the Steve’s (lest be honest) rather McKinseyesk chat about where the business was and where it is going. They have a branch network in the UK that is a legacy problem and he is dressing that up as being local and close to customers.....I am afraid when this returns to 55p /60p I will be running for the hills with the profit as I said I am in quite big and have a 28.6p average. I did not take up the capital raise either......THE FUNDAMENTALS ARE - they are still a big, overhead heavy lump, and it will take a minimum of 5 years to improve it.....

Nobody would buy a used car that has clearly just had a quick paint job - but is goosed in every other respect........! Enough Said......FFS - he is about to **** away £165m of new cash.......they have a great knack of repeating old mistakes SIG, being buying companies, have a fricking care - perhaps sort the business first boys then go out and spend a bit of the pocket money........! There is a reason this hasn’t broken 40p.............Cheers

Does anybody yet know what BiG Steve said at the start of the webcast yet.......NOPE - why because his business is still in a state of turmoil.......! Back to the drawing board big Steve....!

Well here is one for you about ‘good people coming back to join the business.....’ From my own perspective David Hope cost the old SIG a fortune in false promises to the customers......and guess what HE IS BACK....’ by the way Phil Johns the grinning co-host was booted out of MKM a fast private equity backed merchant group....why? Because he doesn’t deliver value and is a big slow boring plc man......

The bloody world missed his big opportunity to convince customers, shareholders, etc that he can deliver........he has failed in his first delivery......they are just trying to be too clever, I cannot get any of the videos to work either in their ‘breakout rooms’....honestly what a farce and to think BIG Steve is sitting a chunk of my cash.........!

Reactively the main sponsor must thinking - what the hell are we doing with this outfit....? Customer centric.......a total joke. The CD&R guys will thinking ‘yep the construction industry has always been a joke....!’

A joke of a start.....the new CEO will look like a T&£T after this.........

Can someone tell me where or how I can log on to the presentation today, please. THANKS

Utter *******s re: takeover, the PE group CD&R will hang in until they see the very best return on their cash. And PE would not be interested in a group with such an influential major holder in IKO. CD&R saw the opportunity - in truth they were probably considering the 60p level was a bargain - but Covid Drive it down to 25p for them....a gift from heaven..! This will recover over time and make a slug of cash for those that are in - I add I am in with a chunk in the late 20ps average....happy to sit and wait.

The short will be on the back of an expected take the profit and run following the admission to the market of the new shares. It is short term opportunism that is all. Still think this has 40p written all over it in short time.......now that some housekeeping or fund raising is out the way.....the decks are clear to deliver the strategy......Thursday will be interesting in my view......new CEO and first impressions spring to mind....