Updates

SigmaRoc - Forecasts raised 10%

February 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares have rallied sharply from lows below 40p after SigmaRoc’s trading update raised guidance for FY’22 and eps is “now expected to be c. 10% ahead of expectations.” Revenues for the 11 months ended 30 November were £498m, up 20% year-on-year on a like-for-like basis with “Demand conditions evolving broadly as expected across market segments, albeit some customers will use the high energy prices and holiday period as an excuse to bring forward planned maintenance. Cost pressures were managed through dynamic pricing, savings initiatives and performance improvement programmes. Results are due at the end of March 2023. Liberum has upgraded eps forecasts for the year just ended by 8% to 7.7p. For this year and n ...

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SigmaRoc - Forecasts raised 10%

February 2023

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