George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Bought back one trench @ 1% lower ....... not my best trade.
Will add few more if the share retraces several pc.
Happy the rise .........gla
Sold!!
gla
Vty uniquely protected by partnership and ability to bulk and forward sell.
The returns of £1bn over three years are eye watering. £3 a share so at £9 - 11% return. They need to deliver but sound confident.
Complaining about the dividend is very short sighted, there’s plenty of excellent news in todays report and that’s being reflected in the share price this morning.
Buybacks aren’t always the most exciting but it’s creating more value for shareholders……
But the company is trading in line with expectations and will be looking to return £1bn to shareholders over the next 3 years! The switch to an affordable housing strategy sounds good too.
I was also disappointed till I saw the share price go up by multiples of the dividend.
Very disappointed with divi gone!
Sick of Micro BOD's with my PF.
Mostly all my shares have "Burnbacks"
Pay the BOD jam tomorrow!!
Dividend pulled in lieu of share buybacks. Disappointing.
Monty888 is wrong the price is visible on the charts and the fair value is probably £ 10 so the share price is currently undervalued by 20% prior to earnings on Monday. If the results are reasonable to good then a close above £ 812 on the weekly chart would target 1 £ 912, target 2 £ 939 and finally target 3 £ 971 before hitting fair value above £ 10 in case of a good earnings beat. Meanwhile agree historically a good builder with a great dividend and long-term hold as evidenced by the insider buying in the last year:-)
Forget your charts. The results next week will send the SP or down not your chart patterns. Charts are OK when results are not imminently pending here and there. Holistically an undervalued well run builder with good dividend yields. Long term hold
Stargate - The momentum kicking in Expect some consolidation on fairly low volumes going into September however if we see a close above the weekly 200 SMA at around 877 by the end of September then low teens are probably and potentially back in play.
Housebuilders jump as Gove scraps environmental rules
Shares in housebuilders are firmly on the front foot after the government announced it was scrapping UK environmental rules that developers say have prevented tens of thousands of homes from being built in recent years.
Persimmon PLC (LSE:PSN) rose 3.4%, Barratt Developments PLC (LSE:BDEV) climbed 2.7%, Taylor Wimpey PLC (LSE:TW.) advanced 2.5% and Vistry Group PLC (LSE:VTY) gained 4.5%.
The property industry has complained that Natural England, a government agency, has blocked the building of large numbers of new developments by enforcing so-called “nutrient neutrality” regulations designed to protect the country’s waterways.
The rules were introduced under an EU directive on habitats and reinforced by a 2018 European Court of Justice ruling that said adding nutrients to soil that was already in poor condition would be unlawful.
Housing secretary Michael Gove said: "We are committed to building the homes this country needs and to enhancing our environment."
"The way EU rules have been applied has held us back. These changes will provide a multibillion-pound boost for the UK economy and see us build more than 100,000 new homes."
"Protecting the environment is paramount which is why the measures we’re announcing today will allow us to go further to protect and restore our precious waterways whilst still building the much-needed homes this country needs," he added.
Is sp, can close above the weekly dojo candlestick of 751, is a buy, with the caution that overhead supply is nearby at 774. However if the sp, can close above 776, it should be above major down trendline, with a price target of 991.
Boris Homes twitter profile has been deleted with just a placeholder saying it has been shut down.
Ominous.
Jefferies raises Vistry price target to 923 (880) pence - 'buy'
July 20 (Reuters) - British homebuilder Vistry Group on Thursday joined its bigger rivals in flagging an intensifying slowdown in the housing market as a surge in mortgage rates in recent months weighed heavily on demand.
The FTSE 250 firm, which works with local authorities and housing associations to build affordable homes, reaffirmed its forecast of adjusted pre-tax profit for the year ending Dec. 31 in excess of 450 million pounds.
"Partnerships is demonstrating its resilience and remains on track to deliver revenue growth in the full year," Chief Executive Greg Fitzgerald said in a statement, referring to the part of the business that builds homes for local government.
British housebuilders have flagged economic headwinds from higher interest rates, which have hit demand and building rates, as the Bank of England battles the highest inflation rate among the big rich economies.
(Reporting by Suban Abdulla in London and Aby Jose Koilparambil in Bengaluru; Editing by Sonia Cheema and Kate Holton)
Trading update 20th July.
Booked some profits today 783p
gla
Someone had their chequebook out today Avg daily volume was up by 69% and the share price jumped up by over 5.5% on the day may be undervaluing buyers are getting in at a 7.5% div what is their house party?
Apendragon that would be a nice adding buying opportunity how soon do we get there?
Heading back to 5quid, mark my words
Excellent trading update this morning.
Yep, currently showing a 35.5p drop on the day you qualify for a 32p divi. So looking around the other house builders and the rest of the market it is pretty much in line.
Share has gone XD
Why the 5%drop today? Other housebuilders havnt had any kind of drop of this level and no news?
A further step in the right direction would be a '1000 year' mortgage. Future generations would be able to carry it on and the property could still remain in the family.
If you are worried about the future state of your finances, help your grandchildren. They will never be able to afford to buy their own homes. A loaf of bread will cost £100, so how could they ever afford the deposit for a home? Our savings are becoming like confetti and anything we leave to them will resemble peanuts.
Do some of them a favour and buy a home today, putting it in one of their names. It can be rented out until they are mature enough to move in.
Our economists talk rubbish and are tied to prehistoric views of the economy.