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SIG plc – from “2024 full year profit outlook remains unchanged” less than 8 weeks ago to already “behind expectations”!

By Steve Moore | Monday 24 June 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Describing itself as “a leading supplier of specialist insulation and building products across Europe”, SIG plc (SHI) has issued a “Trading Update” announcement including noting a like-for-like sales decline, though “similar to that seen in the first four months of the year”. So what of a currently more than 10% lower share price response to 24.5p?
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