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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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SIG

June 2022

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.

  • Epic Code:
  • SHI
I originally wrote about insulation and roofing group SIG last August at 50p and while the shares have fallen in weak markets, the company has massively outperformed. Broker Peel Hunt has upgraded for the second time since March and now forecasts pretax profit of £52m, £66m and £84m for the years ending December 2022-2024. Equivalent eps is 3.3p (up from 2.6p when I wrote on it), 4.1p and then 5.3p in ’24. SIG noted like-for-like sales of +25% in Q1,  with 19% from inflation and the secret sauce is that it was able to fully pass on higher cost inflation to its customers. Management also said it now expects operating margins to reach 3% in FY’22, one year ahead of schedule. Peel Hunt has upgraded its price target from 65p to 6 ...

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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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