Updates and Ideas

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

July 2021

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.

Back in 2015 I featured Breedon, a “buy-and-build” UK quarry owner and the shares have recently taken off thanks to the boom in housing and construction materials. Another firm not dissimilar to Breedon, albeit at an earlier stage of development, is SigmaRoc, which listed on AIM in 2016 and operates a quarrying and building materials business in the UK and mainland Europe. Co-founder and CEO, Max Vemorken, a former private equity player and strategic adviser to the CEO of LafargeHolcim, who I met with over the month, has already spent c. £190m including debt on nine acquisitions, building sales, pretax profit and eps from just £27m, £2.6m and 2.0p in 2017 to £124m, £12.2m and 4.5p in 2020. SigmaRoc’s strategy is to buy, impro ...

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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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