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When’s it going to stop, anybody willing to call it? I never seem to be able to find the bottom...
At the moment this is falling 5 per cent per day.
This is one to keep an eye on. 288p is a very good price.
Could not resist a few more at 288 and a bit. That is some fall since last week. If it does go down to 250p I will scale in a few
Big fall now since last weeks placing when it was 366p. Now under 292p ..a big fall for a ftse250 in a short period. I could see this at 250p myself ...it seems the debt position took many by surprise.
I think that it was (still is?) on of the more leveraged of the builders. Although the placing initially reduced debt they are still looking to spend on the rcf going forward. Their 'aim of returning to net cash at year end from September 2023' will mean that there is less scope for divi's than with some of the more cash rich builders.
I topped up under the placing price but have reached my limit for this stock now. The shift to manufacturing and the balance between the different business models will, I think (hope), pay off over time .
Bad today. Now fallen nearly 20 per cent in the few days since placing announced. Not sure why. The company look stronger with a lot of new cash but the selling here suggests the big players are not impressed.
No I got all I applied for. Thousands of £ here. Think I am going to limit my placings in future though.
Disappointing price dropped so far below placing/subscripton price.... market Def getting fed up with all these fund raisings..
I presume you didn't get any via PB then barnetpeter.....maybe trying to talk the price down for a lower entry?....
There is the 320p level......broken. Looks like 300p will be the next support. The mkt does not like this placing and dilution.
Not great today. Mkt fed up with placings and dilution. Looks like may fall away a bit to 320p. Good raise for the company...I am guessing the banks demanded new cash as they seem to want everywhere. Reduces risk of course with 250 million coming in and nothing much going out. No divi. Sure they will be above 400p in time though. House prices are booming in many places, stamp duty saving etc
Taking the p aren't they, 16.7% dilution with a placing only 6.7% lower than yesterdays close! I did try to sign up for some but was to late, glad I was now.
Recent updates confirm the relative resilience of the model. A picture is painted of a healthy order book permitting good forward visibility on revenue, with increasing concentration on improvement of margins.
The placing at 335, before investment on growth, leaves them net cash positive for now.
Stamp duty holiday seems to have given housing market a real boost......so hopefully onward & upwards!....
335p....so I was nearly right. I doubt the price will finish below 350p today. A lot of new cash will keep the banks happy and the house mkt is booming
Congrats on adding - I see the PB is closed already!
T O...."unless of course CSP are going under!"....sowing the seeds of doubt maybe?.....Anyway I've taken a few in PB offer so hoping for decent rise in SP over coming months.....
Think you're being a tad optimistic T O.....don't think will drop anywhere close to 300p. Appreciate you're in the business of trading, & trying your best to deramp before buying in, but I reckon good future prospects for this company.
any thoughts on the price over the coming weeks?
likely to go down towards the placing value once issued (but maybe not quite reach it)?
institutions won't go in above 325 in my opinion but it's a good buy even at 330
Nobody knows.... yet.
I’ve taken the opportunity to top up as I got back onboard around the 270p mark in April
https://primarybid.com/
Trying to raise a lot of money tonight....250 million. No idea of discount. I would guess at 330p. Which they will easily get.
I suggest that in difficult times for all, and in line with my last post, Countryside's business model will prove advantageous. This from Countryside on 14th. May.
"In addition, our mixed tenure business model remains robust and provides us with a degree of resilience with only around 40% of our business reliant on the private for sale market."