Omaha man
26 Feb 2018
Re: Failed rally 'What level do you think they will become interesting again?'Currently my thinking is that I would like to see the chart turn positive before becoming involved again. The other possible trigger would come from the results. The statement should be able to clear up whether there will be any losses resulting from the Carillion collapse (and those that it will in turn trigger) and what the full extent of recent accounting issues they have experienced is. I'm cautious of jumping in too soon, only to have more bad news released with the results, so rather than a level, it's time I'm more focused on at the moment.
nk1999
23 Feb 2018
Re: Failed rally Agree OM.What level do you think they will become interesting again?Thxnk
Omaha man
23 Feb 2018
Failed rally When I sold I set 150 as a level to revisit. We fell to 140 but then rallied back over 150. Today though that rally has comprehensively failed on increased volume without even getting back to the 30 day moving average. Definitely one to stay away from for the moment.
Junk it
02 Feb 2018
Fiddling the books Oh dear, oh dear. Sounds like amateur night at the Opera. Not surprised, see my post of 12/1/17.I wonder if any of the SIG Distribution exec team had any Wickes connections? It's all too familiar.
Omaha man
15 Jan 2018
Re: Sold - bad debt concern Since selling I have seen the figure of £700 million of trade debtors quoted. That is a lot of pain to be shared around.
KEEPING CALM MIKE
15 Jan 2018
Re: Sold - bad debt concern Me too, I think the support industries to Carillion are going to have some bad debts to write off !! K.C.M.
Omaha man
15 Jan 2018
Sold - bad debt concern I have sold out this morning as I am concerned that there will be bad debt ramifications from the collapse of Carillion. When a major contractor like this goes down it takes time for the implications to be fully felt, but there is no doubt a lot of companies are going to have to take a write-off of their debts. Whether SIG is one of those I have no inside knowledge, but given its position in the construction industry I would be surprised if it is unaffected.This is my only holding with potential exposure but I would suggest others review their portfolios to see where companies might be at risk.I will be looking for an opportunity to re-enter SIG once the position on this is clear, but with the announcement about misreporting cash the other day and the chart looking very toppy, I am thinking around 150 as the target.
nk1999
01 Aug 2017
Re: Dilemma I am in very similar position OM, having bought in November last year near the bottom.Still holding as this could reach ~ 195p, IMHO, with the momentum.nk
Omaha man
01 Aug 2017
Dilemma Up over 70% since my purchase in January my instincts say this is too much and I should be cashing out. The momentum seems very strong though and with European economies running ahead we could be in for good trading news.
cabbag
14 Mar 2017
Re: NEW ARTICLE: SIG shares offer 'considera... S.I.G. are the most arrogant boys club company in the Insulation market. The management only know how to destroy business not to grow or nurture..sinking ship comes to mind.
II Editor
14 Mar 2017
NEW ARTICLE: SIG shares offer 'considerable upside' ""Never forget your customer" is the kind of business mantra that belongs on page one of the management handbook. And yet somehow LSE:SHI:SIG failed to heed this message after it became too distracted by its own internal restructuring.The ..."[link]
Seagull2
10 Feb 2017
Sig seems to have steadied the ship fingers crossed and with the low value of sterling v the euro it also helps alot. 5% Divi and potentially improved trading we could be heading up towards £1.40 a share in next 3-6 months imho.Looking forward to next updateSeagull
II Editor
13 Jan 2017
NEW ARTICLE: SIG breakout could trigger further surge "Looking at LSE:SHI:SIG's share price chart, you'd think it had lost a fight with a wrecking ball. The most recent damage was caused by a profits warning that forced the building supplier's boss out the door. But after Friday's full-year update, ..."[link]
photogene
13 Jan 2017
Thank you Thank you SIG, a healthy 10% return overnight. I'm out. Bye all
Omaha man
13 Jan 2017
Re: Results tomorrow No forward looking comment which is a bit disappointing, but nonetheless I have added to my holding this morning to give an average in price of 97.5 which I am happy with. Effectively the price has just returned to where it was ahead of yesterdays nervousness.
