I last wrote about the 'leading European supplier of building materials' SIG (SHI) back in early July, observing that it was failing to cost-cut its way to growth due to the business being operationally/economically geared. Well the latter points are very obvious today with a trading update which notes a 'deterioration in trading conditions has accelerated over recent weeks, and political and macro-economic uncertainty has continued to increase'. Oh dear...but today's 22% share price fall has pushed the shares below 100 pence...
I think it was after some great storm which had ripped up a few thousand roofs that I first became aware of SIG plc (SHI), which describes itself as a 'leading European supplier of building materials'. A fund manager colleague of mine was all over it like a rash and I remember one old-hand responding at the time 'SIG is easy...you buy at one quid and sell when you have made a decent turn'. Looking at the company's share price chart over the last decade, this advice has been pretty spot on…
Hello share takers. Energy costs are in the news again, with the government’s latest ploy to cap charges for the less well off among us. It doesn’t quite seem the right time to invest in electricity suppliers, does it?
Shares in building products distributor SIG plc (SHI) are currently recovering approaching 11%, above 100p, on the back of a “Trading Update” announcement…
On the back of “Trading Update” and “Directorate Change” announcements, shares in building products distributor, SIG plc (SHI) are currently more than 20% lower, heading towards 90p. Uh-oh…
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