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SIG (SHI) stock up after raising roof on profit expectations

By Jenni Reid

13:44, 17 December 2021

The SIG logo on a British flag
Roofing and construction supply firm SIG has seen strong growth during the pandemic – Photo: Alamy

British roofing, insulation and construction supply firm SIG PLC saw a slight share price rise on Friday as it upped its profit guidance for the year despite supply chain and inflation challenges. 

The stock was up 2.88% to 46.36p in early afternoon trading on the London Stock Exchange and is up 52.42% year to date, though it remains below the highs reached over the summer.

Today, the company said fourth-quarter trading had outperformed its forecast and full-year underlying profit would be no less than £40m, ahead of market expectations. 

In October, it said that while the company faced supply chain issues in many of its product groups and inflation was adding to its top line, its order books were continuing to build and the outlook for materials shortages had become clearer.

Building up

In September, the company reported sales were up 33% above 2020 and up 1% from 2019 for the first half of the year, with its French and Polish divisions seeing record results. 

Underlying operating profit also swung to a £13.6m profit from a £42.9m loss in 2020 in the first half of the year.


43,838.40 Price
+4.090% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00


0.63 Price
-0.530% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168


2,019.61 Price
-0.490% 1D Chg, %
Long position overnight fee -0.0198%
Short position overnight fee 0.0116%
Overnight fee time 22:00 (UTC)
Spread 0.50

Oil - Crude

72.50 Price
-1.310% 1D Chg, %
Long position overnight fee -0.0225%
Short position overnight fee 0.0006%
Overnight fee time 22:00 (UTC)
Spread 0.030

Last year, private equity firm Clayton, Dubilier & Rice invested £85m in the company to give it liquidity during the pandemic. 

The company recently launched a return-to-growth strategy, which included giving more autonomy to local teams and a UK business restructuring. 

Analysts at Liberum upgraded SIG stock to a “buy” in September, writing: “The share price could double if the new management team delivers on its growth strategy”.

They set a target price of 65p on the stock.  

Read more: SIG reports strong revenue growth and raises 2021 profit guidance

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0.308 USD
-0.002 -0.710%
0.308 USD
-0.002 -0.710%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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