Updates

SigmaRoc

May 2024

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’s results, which showed a 15% rise in EBITDA to £116.1m and eps of 7.8p, are largely irrelevant as the main story is how the November 2023 acquisition of CRH’s European lime assets will transform its future growth trajectory. On 4 March, SigmaRoc exercised its option to acquire CRH’s UK lime operations for €155m (c. £133m) and with free cash flow forecast to ratchet up to £123m in ‘25 and £143m in ‘26, leverage is expected to fall from a peak of 2.6x to 1.8x by FY’25 and 1.2x by ‘26. Underpinned by cost synergies of €30m-60m, this deal is expected to drive eps growth to 9.8p in FY’25 and 11.3p in FY’26 and with it also reducing SigmaRoc’s reliance on cyclical construction (57% to 48% enlarged revenues) and broadening its ...

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Cohort - Shares up 170p in ‘24 after huge contract win

Fonix Mobile - 2021 NAP has gained 80%

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

SigmaRoc - EBITDA “ahead of budget” (September 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 - Placing provides firepower for further acquisitions (April 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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