The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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It's negative Brexit talks!watch the news
It must be disappointment in the half yearly report which I thought was actually very good in the circumstances.
The market is a strange beast.
It must be disappointment in the half yearly report which I thought was actually very good in the circumstances.
The market is a strange beast.
Jeez ! Massive fall today. What's caused this?
London property likely to be affected by the pending Brexit outcome - long term more significant than the ending of. Stamp duty exemptions that will compound any negative trend. Soon find out!
I am ambivalent about that. Buy-back may be of greater advantage to larger holders tax-wise, but provided they are done at a lower cost than ' the future share price' there is benefit to be found in increasing the eventual eps.
Caught up in the general massacre today plus COVID and the effect on the London housing market where they are mainly situated I guess.
Am I the only one that would prefer a dividend to share buy back?
GLALTH
Shrugged off.
Barrett very positive trading update perhaps helping lift today's market.
Sells I should have said. Down tomorrow.
RNS CEO's wife buys £715000 worth. Ought to be a clue there.
RNS Another £1.9m bought back and cancelled as being more effective than dividend. On today's, they consider 4145p underpriced.
Sharecast News) - UK housebuilders are too cheap to ignore, Jefferies said in a research note on Thursday.
"With construction looking un-impacted by the latest Covid measures and the strength in the housing market providing increasing comfort on the sustainability of demand, we see the UK housebuilders as oversold," the bank said.
"News flow on Covid, Brexit, stamp duty and help-to-buy changes will likely create share price volatility near term. Nonetheless, we see current share price weakness as presenting a great entry point for our key picks: Persimmon, Berkeley, Barratt."
Jefferies noted that to date, housebuilders have said that local lockdowns such as the one in Leicester have not impacted construction build-out on site. As a result, the bank reckons that similar will be true of Tuesday's step-up in Covid measures and would even be the case in a scenario of a more aggressive lockdown.
"Reflecting this, the more important impact of the lockdown for the sector will likely be the influence on customer demand," it said. However, it said that with agreed sales up 40% year-on-year, mortgage demand ahead of levels lenders can process, and house price inflation 3-5%, recent housing data, provide increasing comfort on its forecasts.
"Near term share prices may remain volatile reflecting macro news flow, with an air pocket in company news flow until the November trading updates which should be able to provide colour on demand for housing for April and beyond (i.e. after the expiry of the stamp duty holiday and Help to Buy changes).
"Nonetheless, with valuations reflecting house price declines of up to 14%, we believe the profitability and return on equity profile of the sector remains significantly under-estimated."
Cheap buy-backs while prices depressed, leading to higher earnings per share in the future.
" The amount to be paid as a dividend will be announced prior to the end of February 2021, taking account of any share buy-backs made in the intervening period."
Shareholders will benefit with astute, low-priced, buybacks.
I make that over £5m over the last two RNS, buyback and cancellation. Must be very confident that that is money well spent at the price to deliver value to shareholders.
And again. The company will consider the shares undervalued at the price paid.
Continuing to purchase own shares, and cancel them, with the objective of increasing eps.