SHIL trade ideas
Gap fill expected for SIG (SHI-L)I expect this gap down to be filled reasonably quickly, giving the potential for 26% profit.
long shot on a longI will be looking to get into this the next few days on the 30 esh level i believe if we do see anymore down side it should ony be down to lows we have tested before so around the 20 level , I may only get into half my position now and set 2 buy limits one around the 26 mark and one on the 21, This will be a very long hold as we know bears jump out of windows and bulls take the stairs up !! so I will be buying outright as not to pay fee's for holding etc
70p / 80p mid-long term - £142m cash / £142m mcapA risky play of course but after losing over 80% of it's value due to JPMorgan selling, Covid 19 & a slowdown in sales, company has sold 2 assets & have at present around £142m in cash
I believe a lot of the turmoil is already priced in ahead of results.
Mcap is at £142m which means their business is valued at cash level.
Very undervalued considering their cash level & staff coming back to work. This business should be worth at least 60-70p I believe based on their previous numbers. Nethertheless a slight risk at present period due to covid 19 but mid- long term this company should recover well as sales move back up.
I will start scaling out around 40-50p to protect profits but will leave some shares to ride the rest of the way. 70p - 80p ULTIMATE TARGET
New CEO to turnaround the company with experience of doing so to others.
Dividend most likely will also be back to attract new investors in months to come.
April 30th:
In the last week, as demand started to increase across the industry, the Group has commenced re-opening selected sites across its Distribution and Roofing businesses to provide greater support to our customers and offer increased access to our products and services. 15 sites are now open across our Distribution business and 20 sites are open across our Roofing business. The Group is currently planning for the majority of its sites to be open by mid-May.
SIG ShortAfter recently bouncing off the channel resistance, this bear is just beginning - supported by the Stochastic and MACD
Is SIG about to break above its 50% FIB?SIG is now trading at a 50% FIB level
Rising RSI and MACD
Has tested 150p in Dec-15 and Mar-16
Will it break to the upside after forming a flag pattern?
Time will tell.
