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Member Info for Kyusho

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Member Since: Mon, 29th Sep 2008

Number of Share Chat Posts (all time): 432
Number of Share Chat Posts (last 30 days): 0

Last Posted: 21 Aug '15

17 Sep '14

Wrong on every account my friend, as usual.unlike you I don't have much time on my hands to come on here, with far more pressing priorities. I'm very high up the food chain, higher than you can imagine in fact and have superior information than yourself. Regional land director in a business unit means fcuk all, you need to look at the bigger picture which I have. I'm actually heavily invested in both bdev, tw and several other builders.. Tw and psn will outperform bdev in the long term due to superior land banks; bdev has catching up to do. If you'd actually read and digested annual reports across the sector you'd understand that, but appears that is beyond your capabilities!
13 Sep '14

I actually work in the sector and compile competitor analysis reports on a first hand basis, so I know what I'm talking about. Not only do the other big two (TW. and PSN) have a greater number of consented plots in their landbank, they also have a greater number of strategic plots within their landbank too. Both PSN and TW prefer to concentrate on Margin over volume, and thus their superior landbanks contain enough land for 7 years building at current volumes. Bdev not only has a smaller land bank in absolute terms, but its greater volume means this landbank will only last 4.5 years before margins will start to erode due to it having to replace more land. You can get these figures from the annual reports of the companies yourself- I suggest you do your homework in future before making factually incorrect comments.
12 Sep '14

Tw actually have a much stronger land bank than bdev and invested far more heavily at the lower end of the market. Persimmon not far behind. Out of the big three Bdev made the worst land investment decisions and are ranked 3rd from 3- certainly not top of the class!
31 Jul '14

Calm down. Sit back and relax, comfortable in the knowledge that these shares will be yielding 8.5% next year at current prices. Enjoy the massive dividends and treat yourself to a few glasses of your favourite Champagne on the ride up to 170p 2016. Who care about the price today- use it to buy more, we know where this is going.
30 Jul '14

TNAV per share is currently 73.6 pence. Traditionally the sector trades at about 2 x NAV, although caution in the market means we are currently some way off that. If TNAV grows at 9% over the next couple of years that will yield an implied share price of (1.09^2 x 73.6)x2 = 174.9p. This very crude, back of the hand, calculation gives some indication of where I believe we'll top out over the next couple of years- so yes, we still have substantial upside here but the journey to around this price will obviously be volatile.
30 Jul '14

Rediclous comparison; as mentioned there are more shares currently in circulation. In addition the company is now completely different having disposed of north american assets to pay down debt.
2 Jul '14

I topped up at 103.7pence recently and had 120p plus pencilled in for the next week or so, as the likes of PSN (today), BVS, BDEV and ourselves give trading updates. No drop to be expected on dividend payment date as these are already trading ex dividend, so payment already factored into price.
2 Jul '14

Wrong: the SP dividend IS 1.54pence per share. You are talking in £: 1.54p/100= 0.0154£ per share.
2 Jul '14

Yes, about to say you mean £ per share as 1.54pence per share is paid tomorrow. Lets not forget that the will be increasing to about 6.16pence per share for the special dividend alone next year; along with maintence dividends this will leave us yielding in excess of 7% at current prices.
26 Feb '14

Solid results. £200m cash to be returned to shareholders through special divi; we can expect circa this amount every year on top of the maintenance dividend which will remain 1-2% NAV. At a latter stage in the cycle we can expect the annual special dividend payments to increase further as the company divests in land. Emphasis on maximising value over volumes which should climb circa 14k before flattening out. I expect this to test the 140p I forecast last year over the coming months; entry to FTSE 100 will provide uplift. Strong hold.

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