Another busy Friday on the markets. It is all good fun especially with regard to my holdings in Reckitt (RKT) and SIG (SHI) shares both of which produced positive updates. So a quick appraisal of the good news first…and then I will move onto the continued comedy at AO World (AO.).
Have you enjoyed the last week in the financial markets? It certainly has been volatile but such is life in the stock market world and – as I have observed before – if you see volatility as more of a threat than an opportunity, get somebody else to manage your investment portfolio as it will make you a lot less stressed and a lot wealthier. Meanwhile for us obsessed with the world of the financial markets the key always remains how you react. And that brings me this morning to the just announced FY21 numbers of SIG (SHI).
I am a holder of shares in SIG plc (SHI), ‘a British-based international supplier of insulation, roofing, commercial interiors and specialist construction products’. Back in late September last year, I thought that ‘today’s share price of 48 pence should start with a 6 or a 7’. Following a trading update today the share price is a couple of pence lower, but do I still have the same conclusion for 2022 (and beyond)?
In a week’s time it will be Christmas Eve and even I might stop looking at the global equity markets for a few days. Before then, there is still lots to think about regarding prospects for 2022. I look forward to sharing a couple of tips for 2022 before the end of this year, but there are three names today which have all given out a pleasing update today. They might not be one of my two formal tips of the year, but there are reasons why I will still be holding them deep into 2022.
For some reason London Stock Exchange Group (LSEG) always loves to punch out its quarterly update on a Friday. I guess that is the advantage of knowing not many other FTSE names tend to publish updates then… Anyhow, back in August I observed that the share was ‘over-loved’ and hence overvalued.
It is a good debate whether the weekend is the start of the week or the end of the week. Given a choice I would say the latter and – reflecting this – it is time to play a bit of catch up on three stocks I have mentioned before.
Second quarter earnings season has started in the United States this week, but I am probably more interested in other areas than various US-listed banks. On that basis, far more interesting to think about two UK names reporting today.
Before I review today’s first quarter update from ITV (ITV), a few words on the AGM update from SIG (SHI) which I last wrote up in late March HERE.
Just over a year ago I wrote an article mildly bizarrely titled ‘Only Oscar Wilde understands SIG plc’ HERE. You can read about what I trying to say, but suffice to say the (fortunately very few) shares I owned in SIG plc (SHI), the ‘leading European supplier of specialist building solutions to trade customers across the UK, France, Germany, Ireland, Poland and Benelux’, did not have a good 2020. However – in line with much of the market – the shares have at least doubled since eleven months ago. So do I move on or think about doubling up my holding?
Covid-19 has had a big impact on many companies and quite a number of them now look priced to pretty much completely fail and go bust.
In my estimations for all the love given to the utterances of Warren Buffett, investors would be even better served by mixing up the thoughts of the Sage of Omaha with the wit of Oscar Wilde. This is because reading today's regulatory news offering by building products company SIG (SHI), I was reminded of the latter's line that 'to lose one parent may be regarded as a misfortune; to lose both looks like carelessness'…
I see Imperial Brands (IMB) shares are up today and getting back close to re-attaining the twenty quid level. That is great… but less than eighteen months ago the stock was almost at thirty quid. There are a bunch of reasons why the shares have fallen but - as I noted here back in November - there are a bunch of regulatory issues impacting the vaping growth area that have overhung the shares above and beyond any challenges associated with fading cigarette consumption in the developed world…
I have not been a fan of consumer staples giant Unilever (ULVR) for a while, including noting a month ago that 'there is better value in other parts of the market'. Well too right judging by today's trading update…
There are two guests in this week's show, First up I discuss the clown who runs Sirius Minerals (SXX). Then I welcome Chris Bailey. We discuss where value lies in the market and has the mood music changed, SIG (SHI), Metro Bank (MTRO), Funding Circle (FCH), the crazy share price of Diageo (DGE) and much more. Then my second guest is the legendary bear raider Gabriel Grego of Globo and Folli Follie Fame. We discuss his latest triumph Bio-On and much more. If you like this and can't wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.
In today's podcast I discuss the ominous silence from Brady (BRY), dare to disagree with Chris "three brains" Bailey on SIG (SHI), look at Bidstack (BIDS) and consider the, incomplete, Q3 trading statement from Audioboom (BOOM), pondering when its next bailout placing will be.
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…
In today's bearcast I ponder why on days like this I bother. I look at Big Sofa (BST) shares in which, I am delighted to say, we own. I look at Versarien (VRS) owning morons at former Rob Terry fave Imaginatik (IMTK), for strategic review read we are fecked, at SIG (SHI) and at Image Scan (DOG). PS Ben Turner calls me to say we did not fire him. As I said Alzheimers. I am happy to stand corrected.
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?
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…
Thanks for all your messages regarding the legal triumph, I comment en passant. Then the podcast turns to the nonsense that flip flop Ben Turney is spouting. I am beginning to think that Old Malcolm Stacey is not the only mad lefty on this website. Then onto Globo (GBO) and more news on "that report" and analysis of the potential for disaster at Cambian (CMBN) even AFTER today's dire warning. There is comment on what is happening at SIG (SHI) and Travis Perkins (TPK) and then onto events at Afriag (AFRI - when's the placing - and growing evidence that the Lenigas Cuba IPO is not exactly flying. Oh... and Northbridge (NBI) when's the profits warning?