The recovery starts now. Watch TW. BDEV RDW PSN , SPGH. TOO.

Family owned Canadian company, IKO Enterprises, sitting on 5.3% of SHI at the moment. Possible stake building. Trading update next Wednesday.

LOOKING GOOD

IN AGAIN TODAY.

Any reason for the 3.3% drop today?
(Also, any chance of adding the 200 dma to the chart in the header please?)

harry . 1 and 3 year graphs, 200dma.

Thanks. Just the one would have be enough! ;o)
Looks about fair value atm. Don't currently hold, but always on my watch list.

SHI SIG GROUP

Gone long here, this morning. Chart looking very sound fundys are solid and results 14th of march. Could have a good run up to them.

From IG INDEX

Client Sentiment used as a proxy for
short selling figure.

Client Sentiment

LONG 95% of IG clients with open positions in this market expect the price to rise

5% of IG clients with open positions in this market expect the price to fall

SIG (shi) moving up nicely. Wonder if their is any takeover interest here?.

Another view.

Bought on the drop.

May buy a few more if it retreats.

Certainly have a breakout here now.

Very nice.

Next resistance 136p/137p. Blue sky
to it now.

Prelims March 14th

Company will also benefit from government
pushed/led initiative of insulation for
private and landlord owned homes.

British Gas very active at the moment on this.

https://www.government-grants.co.uk/loft-insulation-grants.shtml

SIG (shi)

Tecnicaly the stock is very solid
in a uptrend channel with lower indicators
pointing to more upside.

concerning post 19 - could you give a bit more detail on which of the fundamentals are looking good please?

Yep no problem.......

SIG Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield

31-Dec-11 2,740.00 80.51 9.47p 11.8 0.4 +32% 2.29p 2.0%

Not only that Brokers well behind it.........

What The Brokers Say

Strong Buy 6
Buy 1
Neutral 4
Sell 0
Strong Sell 1

Total 12

SIG Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield

31-Dec-11 2,740.00 80.51 9.47p 11.8 0.4 +32% 2.29p 2.0%

a 32% increase in EPS, very nice.

Hoping this will be beat.

SIG (shi) from Ample site.

Midweek also sees results from SIG (SHI).

At its full-year update, the company indicated that underlying pre-tax profits would be marginally above analysts' expectations, with Bloomberg's upper end of range at £80.4 million.

Relatively benign weather boosted revenue up 8% to about £2.74 billion while gross margin was maintained. By region, mainland Europe revenue was up 11%. France remains the company's strongest market. UK increased 4%, while Ireland slipped 1%.

Following recent disposals the group now has three core markets - insulation and energy management, interior fit out and roofing.

Shares in the company are trading on a 2012 PE ratio of between 10 and 11 times.

Panmure Gordon has a 'buy' rating on the stock. Analyst Andy Brown states: "The recent stabilisation of trading should help sentiment towards the shares improve. It retains structural growth drivers, principally through insulation, and with the strengthened balance sheet we retain our positive stance."

Concensus forecasts easily beaten
today on the results.

The concensus was...........

Consensus 78.90 pre tax 9.25 eps 2.07 div Hemscott Premium

The actual figures were.........

Underlying profit before tax
£81.7m

Underlying basic earnings per share
9.4p

Dividends per share
2.25p

Well and trully beaten.

Details...........

14 March 2012

Preliminary results for the year ended 31 December 2011


SIG plc ("SIG") is a leading distributor of specialist building products in Europe, with strong positions in its core markets of insulation & energy management, interiors and exteriors.



Continuing operations*
2011
2010
Increase

Revenue
£2,744.8m
£2,545.4m
7.8%

Underlying** operating profit
£95.6m
£77.8m
22.9%

Underlying profit before tax
£81.7m
£64.2m
27.3%

Underlying basic earnings per share
9.4p
7.4p
27.0%

Dividends per share
2.25p
-
-




Financial highlights



· Sales from continuing operations up by 7.8% to £2,744.8m (7.1% in constant currency)

· Gross margin in continuing operations improved by 20bps to 25.6% (2010: 25.4%)

· Underlying operating margin in continuing operations up by 40bps to 3.5% (2010: 3.1%)

· Underlying profit before tax from continuing operations increased by 27.3% to £81.7m

· Statutory profit before tax increased to £7.5m (2010: loss of £80.8m)

· Net debt of £115.9m, reduced by £69.1m compared to 31 December 2010 - leverage now less than 1x (net debt/EBITDA)

· Return on capital employed (post-tax) increased by 230bps to 7.9% (2010: 5.6%)

· Proposed final dividend of 1.5p per share, bringing total dividend for the year to 2.25p

Operational highlights

· Continued market outperformance of c.3%

· Recently opened trading sites performing very strongly

· Invested further in organic growth - another 18 branches opened during 2011

· Divested non-core operations, increased focus on three core markets of insulation & energy management, interiors and exteriors

· £5m of annual cost savings identified from further rationalisation of branch network - total sites as at 31 December 2011: 715 (2010: 748)

* Continuing operations exclude the results of businesses (up to the date of the disposal) divested in 2011. The comparative results for these businesses for the year ended 31 December 2010 have also been excluded.

** Underlying is before the amortisation of acquired intangibles, impairment charges, restructuring costs, profit and loss arising on the sale of businesses, trading profits and losses associated with disposed businesses and gains and losses on derivative financial instruments. On a pre-tax basis these totalled £74.2m (2010: £145.0m).

http://www.moneyam.com/action/news/showArticle?id=4328288