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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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SIG

September 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.

  • Epic Code:
  • SHI
  • Price:
  • 48p
No sooner had I buy-rated SIG last month than it announced H1 results well ahead of expectations. Momentum accelerated in May and June with UK distribution (insulation) run rate like-for-like sales improving from minus 24% (Jan-April) to minus 19% in H1 (versus FY’19) while exteriors (roofing) stunned with +14% growth in H1.SIG has now guided to first half operating profit of £13.5m, almost matching Numis’ £15m forecasts for the FULL YEAR.As a result, Numis now expects pretax profit this year of £3m for a marginal eps loss. The real action starts next year; Numis expects £27.9m pretax profit and eps of 1.8p but I think these will be raised in due course. I am a buyer. ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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