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

Commenting on the results and outlook, Chris Davies, Chief Executive, said:

"We are pleased with these results and the progress we are making. I would highlight in particular the success of our organic growth strategy, with new branches moving into profitability more quickly than anticipated.



"During 2011 the Group delivered on a number of key objectives. Operationally, we continued to outperform the market while improving gross margins and securing additional efficiency savings. Strategically, we increased focus on our three core markets of insulation & energy management, interiors and exteriors by divesting non-core operations. Financially, we improved returns and further strengthened our balance sheet.



"We enter 2012 as a much leaner, stronger and more focused organisation. Sales per day in constant currency so far this year were around 1% ahead of strong prior year comparators, despite the impact of severe weather across Mainland Europe in February this year.



"Given the current uncertainties in the macroeconomic environment, we continue to expect market volumes to be slightly down overall in 2012. However, we have a solid platform on which to build and are targeting further market outperformance, with new branches expected to make a significant contribution to future growth

BRIEF-SIG plc full year underlying profit up 27 pct
14 Mar 2012 - 07:05

LONDON, March 14 (Reuters) - SIG PLC :

* Auto alert - SIG PLC FY underlying pretax profit from continuing

operations rose 27.3 percent to 81.7 million STG

* Auto alert - SIG PLC total dividend 2.25 pence per share

* Auto alert - SIG PLC FY sales from continuing operations rose 7.8

percent to 2.74 billion STG

* Auto alert - SIG PLC final dividend 1.5 pence per share

* Sales per day in constant currency so far in 2012 were up about 1 percent

...............................................................................

Broker upgrade just out......

SIG FTSE 250 Consumer, Cyclical Buy 153 121.3 26.1% Jefferies

153p SP target Upside 26.1%

BUY confirmed on the Candles........

http://www.britishbulls.com/StockPage.asp?CompanyTicker=SHI&MarketTicker=Industrials&Typ=S

Just bought in here.

Not in this one -
IC-
With recent full year update, profits before tax coming in slightly ahead of most brokers expectations. The company may be over the worst. Half of sales are in mainland europe . Also business from UK energy companies trying to insulate homes in order to hit energy-saving targets, set by the government. The outlook for 2013 is cautious,the company should benefit from cost savings and attemps to sell loss-making Czech and Slovak businesses. Long term there should be a cyclical upside,

Liking the look of the SHI chart. Already broken horizontal support and could go for a break through of the ceiling of the upward trend channel.

Roofing and insulation materials market recovering. Beneficiary of housing market boom.

Long on SHI from the open, Technicaly well sold off over the last few weeks. Solid trading from the company.

There is hope at the end of the channel for "Freda" on this one ( if he bought @ around 100p a few years back ) after a new CEO today ........

SIG shares offer 'considerable upside' - By Graeme Evans | Tue, 14th March 2017 - 12:30

SIG shares offer 'considerable upside' - SHI 114.90p +7.70p (7.18%)
"Never forget your customer" is the kind of business mantra that belongs on page one of the management handbook. And yet somehow SIG (SHI) failed to heed this message after it became too distracted by its own internal restructuring.

The resulting loss of customer focus and weaker trading performance ultimately cost the job of chief executive Stuart Mitchell, and today resulted in underlying profits dropping by 12.5% to £88.6 million in 2016.

The European building products firm has already acknowledged its mistakes and has slowed or stopped a number of internal initiatives so it can refocus on customers and achieve the sales growth needed to boost cash generation.

And with today's appointment of a new chief executive in Meinie Oldersma, who has 30 years of distribution experience, the company gave shareholders a further reason to believe that SIG remains a good business with strong market positions.

This was reflected in the share price, which jumped 11% today, further justifying our positive take on the shares in January, and putting it back where it was before a November profits warning highlighted problems.

Sentiment was helped by house broker Panmure Gordon's view that the current valuation for SIG, with a forward price/earnings (PE) ratio of 10.6, provides "considerable upside".

Panmure analyst Adrian Kearsey has a 'buy' rating on the stock and a price target of 135p. He said the reinvigorated sales push will take time to deliver, but that the early signs were encouraging after SIG said its UK insulation arm had been delivering positive like-for-like sales growth since November.



He said SIG's market leading positions meant the company was well placed, with the recent difficulties more likely to reflect problems with execution rather than strategy. Kearsey is also encouraged that SIG has recognised that its balance sheet was becoming too stretched.

With net debt of £260 million, SIG said a key short-term priority was to reduce leverage of 2.1 times underlying earnings. As a result, it will target further asset disposals and moderate capital expenditure.

It has also rebased the final dividend to 1.83p a share, in line with its dividend policy of 2–3 times earnings cover. Together with the interim dividend of 1.83p, this provides a total dividend of 3.66p, down from 4.60p a year earlier.

SIG's medium-term target is to return leverage to within the 1-1.5 times range, although it admits this may take until 2018 to achieve.

In doing this, it believes its balance sheet will be able to withstand any near-term fluctuations in market demand. At present, SIG said trading has been in line with expectations, although its markets remain competitive and it has been experiencing some supplier price inflation.

It added: "For 2017 SIG continues to expect the new build residential market to be the best performing sector in the UK construction market, with the commercial sector more uncertain.

"In mainland Europe economic indicators have strengthened and we have seen improving quarterly like-for-like sales performance."

In contrast to Panmure, UBS analyst Miguel Borrega believes the rebasing of the dividend and underlying weak trends will put pressure on the shares. He has a 'sell' rating and 90p price target.