Back in mid-January I wrote that I was going to buy some more shares in SIG plc (SHI), “a British-based international supplier of insulation, roofing, commercial interiors and specialist construction products”. Back then the stock was about 40p and today it is just above 35p. What do I now think after today’s first half numbers?
Have you enjoyed the last week in the financial markets? It certainly has been volatile but such is life in the stock market world and - as I have observed before - if you see volatility as more of a threat than an opportunity, get somebody else to manage your investment portfolio as it will make you a lot less stressed and a lot wealthier. Meanwhile for us obsessed with the world of the financial markets the key always remains how you react. And that brings me this morning to the just announced FY21 numbers of SIG (SHI).
I am a holder of shares in SIG plc (SHI), ‘a British-based international supplier of insulation, roofing, commercial interiors and specialist construction products’. Back in late September last year, I thought that ‘today’s share price of 48 pence should start with a 6 or a 7’. Following a trading update today the share price is a couple of pence lower, but do I still have the same conclusion for 2022 (and beyond)?
For some reason London Stock Exchange Group (LSEG) always loves to punch out its quarterly update on a Friday. I guess that is the advantage of knowing not many other FTSE names tend to publish updates then... Anyhow, back in August I observed that the share was ‘over-loved’ and hence overvalued.
