|Bid||127.40 x 0|
|Ask||127.60 x 0|
|Day's Range||125.30 - 128.80|
|52 Week Range||101.30 - 153.90|
|Beta (3Y Monthly)||1.82|
|PE Ratio (TTM)||42.43|
|Earnings Date||Sep 6, 2019|
|Forward Dividend & Yield||0.04 (2.97%)|
|1y Target Est||145.78|
The company, which supplies insulation, energy management and roofing products, has also had to grapple with weakness across European construction markets from the end of last year, particularly in France and Germany, leading it to focus on restructuring. The company said on Wednesday that trading conditions remained challenging and the outlook for many of its markets remained uncertain, especially in the UK. Total comparable sales fell 2.6 percent, with comparable sales in Britain and Ireland falling 9.2 percent.
March 25 (Reuters) - SIG Gases Bhd: * RECEIVED OFFER FROM AIR LIQUIDE MALAYSIA TO BUY 23 MILLION SHARES IN SOUTHERN INDUSTRIAL GAS FOR 226.6 MILLION RGT Source text : http://bit.ly/2HD5QFZ Further company ...
The company, which supplies insulation, energy management and roofing products, expects to layoff more staff this year due to sluggish construction markets in the UK, Germany and France. It also said that it was considering options for its air handling unit, which provides services to improve air quality, and would speed up restructuring plans in France and Germany and at its UK exteriors business, which supplies roofs and windows.
SIG, which mainly operates in UK, France and Germany, has been grappling with a slowdown in its home market where people and businesses alike are jittery about making investments ahead of Britain's exit from the European Union. "The UK construction environment became increasingly challenging in the second half of 2018," the company said. SIG warned on Tuesday that commercial construction demand in Britain was dampened by macro-economic uncertainty and falling house prices.
SIG, which operates across the UK, Ireland and Europe, said underlying pre-tax profit fell to 26.9 million pounds in the six months ended June 30, from 34.4 million pounds, a year ago. "The first half did not provide the trading backdrop we wanted, with significant challenges in the UK market as a result of the poor weather in the early months of the year and continuing macro uncertainty," Chief Executive Officer Meinie Oldersma said. SIG, which supplies insulation and roofing products, said underlying operating profit from the UK and Ireland fell to 14.2 million pounds from 637.8 million pounds a year earlier.
Swiss packaging maker SIG Combibloc on Friday set the price range for its initial public offering at 10.50 to 13.50 Swiss francs per share, targeting proceeds of 1.05 billion euros ($1.22 billion) which will be used to trim debt. As well as new shares being issued, Canadian private equity firm Onex, majority owner of the maker of the drinks packaging company since 2015, and SIG management will also sell some of their existing holdings. The float will be worth up to 1.78 billion Swiss francs ($1.84 billion).
Canadian private equity firm Onex, majority owner since 2015, and SIG management may also sell existing shares, although Onex will retain at least 50 percent, with a "market-typical lock-up" following the IPO. SIG plans to cut debt to about 1.5 billion euros, or 3-3.25 times adjusted earnings before interest, taxes and depreciation (EBITDA) of 480 million euros, from about 2.5 billion now. While new-share proceeds will go toward cutting debt, Stangl said SIG generates ample cash already to invest in expansion, including recent moves in India, Japan and a new 35-million-euro facility in China.
LONDON/FRANKFURT (Reuters) - SIG Combibloc is on track to announce in September its intention to float on the stock market in Zurich, three sources familiar with the matter said, in a listing that could value the Swiss packaging maker at close to 5 billion euros (£4.46 billion). Goldman Sachs (GS.N), Credit Suisse (CSGN.S) and Bank of America (BAC.N) are global coordinators for the listing. The sources said Morgan Stanley (MS.N), Citi (C.N) and Barclays (BARC.L) are bookrunners on the deal.
I am going to run you through how I calculated the intrinsic value of SIG plc (LON:SHI) by taking the expected future cash flows and discounting them to today’s value.Read More...