Updates & Ideas

SigmaRoc - Placing provides firepower for further acquisitions

April 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

SigmaRoc, which owns and operates a large portfolio of quarries, producing everything from aggregates to bluestone and limestone in the UK and Northern Europe, is on a roll. Structural shortages in key markets alongside high barriers to entry have given it leverage to pass on large price increases to its customers to cover rising costs, which alongside a major efficiency drive has led to two “trading ahead of” updates in consecutive months. That continues a remarkable sequence in which pretax profit and eps have increased from just £2.6m and 2p, respectively, in FY’17 to a forecast £59.7m and 7.4p for FY’22. In spite of the backdrop of the Ukraine War and rising interest rates many of its markets are proving far more resilient than you m ...

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Coats - Acquisitions add fast growing sports, athleisure and high performance footwear

Restaurant Group - Cheerier outlook married to ambitious EBITDA margin targets

SigmaRoc - Prospective PE for next year drops to just 7.2 (November 2024)

SigmaRoc - EBITDA “ahead of budget” (September 2024)

SigmaRoc (May 2024)

SigmaRoc (March 2024)

SigmaRoc - Record acquisition enhances FY’25 and FY’26 eps 18% and 25%, dropping PE to 5.3 and 4.6 (February 2024)

SigmaRoc (December 2023)

Sigmaroc (October 2023)

SigmaRoc - Director buying again (June 2023)

SigmaRoc - SigmaRoc Eps rises an incredible 40% in tough year (March 2023)

SigmaRoc - Forecasts raised 10% (February 2023)

SigmaRoc - Cluster buying by directors (December 2022)

Sigmaroc (June 2022)

SigmaRoc (May 2022)

SigmaRoc - Acquisition lifts eps 5% (February 2022)

SigmaRoc - 30% eps enhancing acquisition (September 2021)

SigmaRoc - Buy-and-build quarry and building materials group with £25m-a-year war chest (July 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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