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The share price thoughts isn't a criticism of Inland I hasten to add. It's more the fact that I feel it'll take a nuclear bomb (as it were) to lift the share price over 70p. there's an overhang or something going on that's holding the share back imo. I've been invested in Inl for years and years and I'd love the share price to drive forwards.
"I was on the point of buying Redrow when things went sideways and now I've come up for air the share price has moved 90p.......question is - am I too late or should I buy them too. "
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Oi Oi, as I frequently point out, I'm not in the game of giving advice on buying or selling shares, but I can tell you that, as of now, Redrow is about three quarters of my entire holdings, with Inland making up nearly all the rest and a smidge in Bellway (less than 2%) because I didn't get round to transferring it out of my wife's account into Redrow.
If Inland was the same size as Redrow, and with a market liquidity to match, then no doubt I'd be holding more of them as the perceived value gap is a big one....
But it ain't liquid, sadly, so I ain't holding more..!
Redrow is selling at just under 1.3 PBV based on my estimated BVPS for April (my BVPS estimates each month tend to work out to be within a 2% tolerance of accuracy, one way or the other, once the figures are released ~ which is close enough for me) and that is still cheap based on their long term track record.
I take no view on likely market movements, as I am purely a seeker of perceived best value.
Of course, that little word "perceived" is one to conjure with...! :-)
Sorry to learn of your bereavement, and maybe we'll hear from you on the blog at some point when you're in the right frame of mind to make contact there...?
Strictly
Must have been a Block Trade given that we're talking about 9% of traded shares that were exchanged, and I suppose there will be (should be) an RNS to give more detail. I think they have a couple of days grace before publishing an RNS ... maybe others know more about how this works.
Of course! Brighton FC fan - sorry! Sorry, brain is utterly mush at the moment.......Still, Flock of seagulls eh? Quite the hairdo back in the day......apparently. Anyway...moving on........ thanks for your kind thoughts on things and I like that patience quote too.
Seagulls as in Brighton & Hove Albion :).
Well, based on Strictlys analysis, Inland are much better ‘value’ than Redrow, but of course, who knows when that value will be reflected in their SP. As I said, happy to hold Inland and see how the next few months pan out. I believe Buffett had a saying that stock markets are a way of transferring money from the impatient to the patient.
Sorry to hear about the bereavement - puts things in perspective. Share trading will still be here in a few months when you’re in a better place.
Can't help you there SeagullsFan (Flock of Seagulls? Great band by the way - but if we're talking about bin-chickens, I'm not so enamoured).......but anyway - moving on. I've been in Inland for years and years. And I'm not selling. I still back Wicks and co to do well in this interesting market. I've been very quiet on here for a month or so. Had a bereavement in the family and my concentration and focus has been on my family (particularly my wife whom has been deeply affected by things). LIfe is utterly sh*t at time it has to be said. I was on the point of buying redrow when things went sideways and now I've come up for air the share price has moved 90p.......question is - am i too late or should I buy them too. Brain full at the moment so don't have the capacity to do the research. Opinions welcome.
I topped up some more the other day after I cashed in a speculative recovery share I'd been holding (which had trod water and I decided it wasn't such a good bet after all). I still feel that the price to book value here is worth the risk (or should I say the wait), but I don't expect to see large gains for quite some time. Of course, if I'm wrong, then it's a bonus.
However, if there are some decent half-year figures from them, then may be we could see some activity.
But yes, 10m shares in 2 chunks is big volume, especially compared to the market cap. One question would be why wasn't there a larger movement in the share price after such a placing? If anyone can offer an opinion I'd be interested.
Well there you go .... can't argue this time. Looks like two sales of 5 million each this afternoon. Someone agreeing with Oi Oi' s comment of 'painful isn't it', and seeing better opportunities elsewhere perhaps.