The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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We desperately need interest rates to drop for a lot of companies to survive. It's killing a lot of business, this included.
The remarks on positive lead indicators probably made the market take the update well. If HY falls short then it could struggle still. Obviously this sector will recover and do well, it just could still get worse before it gets better.
Agree with you Sid. Update is as expected. Dividend payments (due in a few weeks) keeping me holding this . We await the building industry picking up ! Re IPO 's most of these are down, I don't bother with IPO's these days.
Poor performance in share price since IPO yes but still paid out 35% of IPO price in dividends since that's without any compounding/reinvesting. Market conditions are pretty poor, interest rates highest they've been in 15 years. Many small construction companies are ceasing trading all impacts. They seem to be managing current risks, Still great believer this will come good 3-5 years.
Not really. Just one of many (most?) examples of where a buy and hold strategy in the stock market does not work very well, IMO.
Certainly insofar as recent times anyway.
Plenty of opportunities to trade/top slice in this one since then. Not to mention solid dividends too.
Anyway, you are still above the 200 DMA, so might have a nice little swing trade opportunity soon.
Whether it remains above the 200 in the weeks ahead, is the big question in my mind.
That tempting dividend might do the trick, although IMO a potential trap too.
But with a long term investment horizon in mind and as part of a diversified p/f, I would not be overly worried if I was a holder here, FWIW and of course, only IMO. GLA.
i can't believe the amount of new developments popping up all around, and this company is on its ****! absolute joke of a outfit! is it being run by the muppets?saying that, they would make a better job of it. rant over.
What a rubbish company and investment Ibstock has turned out to be. Another one well below its IPO price and that was waaay back in 2015....
Not really much of a surprise IMO. I remain bullish on this name and its ability to weather the storm, but I have been surprised at how well the SP has held up since the last update.
Far too frothy at this level, in the circumstances, IMO.
Hence my being out for a little while now.
Watching to see if I get a chance to return, but am not going to jump in at any price. If it remains too expensive (to my mind) then I will remain on the sidelines. GLA.
Taken from RNS - Trading conditions in the first quarter remained challenging, subdue volumes, sales volumes were below our expectations. But Despite weaker volumes, a strong performance across our cost reduction actions, commercial discipline and operational execution enabled the Group to deliver adjusted EBITDA for the period in line with our expectations.
Improved EBITDA is good to hear, Low volumes seems to be managed well so far. Imagine subdue volumes wil continue throughout 2024.
Doesn't look good for tomorrow's update.
Hi Sidney41 let's hope so. It seems we've been stuck in this trading range for weeks now. Maybe we'll get some positive news. Good luck .
Trading update on Thursday will hopefully show some positive Indicators Looking to add but holding off until then.
Would have hoped to see some positive movement in the share price with all the talk about house prices on the move, and new developments popping up. Also maybe interest rates dropping. What's the reason......does anyone know?
Hi Sneedway, that news sounds encouraging, thank you for posting that. It's good to see some green shoots. I keep adding a few when funds become available. It's wrong not to at these prices. Thank you, have a good weekend.
Https://www.pmi.spglobal.com/Public/Home/PressRelease/12901bc3ebe74e888a7e6fa91e15ad9c
PMI at 50.2 meaning a very humble expansion. Encouragingly the trend of housebuilding activity is trending to a rise above 50 as well. Early days for sector recovery still.
All the right sounds. Inflation down, next thing is interest rates dropping. Hopefully we will then see a boom in the housing market. Ibstock at this price is a steal. Loading up for a push north. Chart's look strong, don't miss out.
Still only a third of their shorts this time last year. Probably no big deal, just a shifting of some resources.
Hi NalaKapala1. Not a good sign mw have increased their shorts. They probably have a better understanding of where this is going than us mere mortals.
Just noticed MW have increased their short since results.
I reckon the route is pretty clear. We are at the moment no worse off really than we have been for the rest of this year and the second half of last year. (sp wise). Anybody who was expecting anything much above the update that we got was touting at windmills. We all know what a mess the country is in let alone the housing market and nowt much is going to change until interest rates fall and the housing market picks up which is unlikely to be this year. I listened to the pod cast the other day (for which I always wear my bulls*it filters and deflectors) and to be honest there were a lot of positives to look forward to. I honestly think they are pro active and in a great position to take advantage of the upturn - its just how long that will be and whether my money could be better used elsewhere in the meantime. I did sell quite a lot on the confirmation (rather than news) of the fall in dividend as I think this will deter investors as at the moment dividend hunters seem to be the vogue. and Im in that group. Im not sure that it was the right thing as like you Gingy Im not sure how much the fall back will be and perhaps more importantly whether the sp will start to tick up on anticipation. Once cut though the divi is most unlikely to be restored for some years and thats the big negative for me. I could repurchase and have my previous holding at quite some discount which also appeals.
Thats my musings anyway. Always appreciate those of others - its what the boards are for I guess
Sometimes a little bit of issuance - for employee share plans, or old warrants, whatever - changes the denominator and anyone sitting spot on a notification threshold ends up having to issue a TR1 even though their holding hasn’t changed.
Would like to add more but not sure where we're going at the moment. Looking like a pull back . Don't know how much lower.
I have seen them do this with a few other shares - up and down by similar, small percentage amounts that require TR-1 notifications.
The very first time I noticed it, I thought they were starting to build a proper position in that stock. Then I was puzzled when, a short time later, it reversed back again in another TR-1. So I would pay no heed to it, but watch and see if they do similarly here in the weeks ahead. GLA.
Is it just me or does anyone else find these like platting fog?
Interesting development.
Looks like Blackrock have deliberately targeted the 5% level which creates a disclosure obligation for them, hence this RNS. They could easily have stopped at 4.99% and stayed under the radar. That they didn’t suggests they are looking to make the wind blow, as someone once put it (in a film)…