Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Not for such a piddling amount.
Hi folks, do you think there will be an increase in the SP in the run up to the ex div date on 20th May?
Thanks.
Taylor Wimpey update on Thursday likely to dictate the short term direction of housebuilder SPs.
Vlad/Bogdan, good to see your comments here. I was hoping for your working example evaluation of MNG in the DT but the thread was completely derailed. It seems more civilised here
Vlad, did you receive my email..?
Strictly
Strictly, and here is me thinking that you would be up for a bit of senseless masochism!
Think of it as an uplifting experience, a bit like entering the colosseum with 10 pork chops strapped to you to meet the band of hungry lions!
Actually he went quiet after this. I think that we might have located his weak spot, treating him like an 'early onset patient' who keeps missing his meds. Brutal I know, but he is a nasty bit of work and if he stops and wants to be reasonable, then fine. But he is now suppressing comment and engagement as readers get cautious about his barbed responses, but there was definitely a clear ouch! below.
Bogdan Branislov
6 Apr 2021 4:51PM
@MR Clyde @Bogdan Branislov
I answer your points clearly and concisely, regarding Barratt for example. Events or some kind of condition has left you as a very bitter and confused individual, your rational mind has long gone. Best that you stop commenting as you continue to make a fool of yourself.
Delete8Like
Reply
Bogdan Branislov
6 Apr 2021 5:04PM
@MR Clyde
Far from it, I just respond in kind, be reasonable and I will respond likewise, 'yes I WILL TELL ALL THE NICE PEOPLE HERE HOW SWITCHED ON YOU REALLY ARE!'
Delete1Like
Reply
MR Clyde
6 Apr 2021 5:10PM
Ok I will rephrase my last comment:
No you didn't, but if you say so, so be it. However I really don't need your fatuous and desperate insults. As I said enough.
PS.
Typo.... that should have said "Wouldn't hold your breath on that"
"You should see if Mr Clyde fancies it. "
...................................
John, after Mr Clyde's repeated salvos in Vlad's direction in the comments on his article, I would hold your breath on that.... :-)
Strictly
You should see if Mr Clyde fancies it. I’d do it but think would get absolutely flamed as a buy to let investor by the DT audience.
Enjoyed the article write up. Always good to see previous trades
Vlad, I have now sent you that email in case you haven't seen it.
Strictly
"....you can always say no."
..........
Absolutely right...!
No it certainly is...!
You can let them know if you like.... :-)
Separately, I've seen you've made contact with our man in Brighton and I'm just having a five minute break from prepping my fortnightly feeding of the five thousand locally, and intend to email you later....
Strictly
Strictly - the DT got in touch, they are looking for another write up victim for the Trolls to maul, they are hungry again for their next feed. Asked if I had any thoughts, I told them to talk to you, hope you don't mind, you can always say no.
"Hold on I get it, I will email Seagulls..."
.............................................
Yes, as with many things in life, when all else fails, read the instructions... :-)
Strictly
Hold on I get it, I will email Seagulls...
Strictly, I have a suitable email, based on a bloke called Bogdan, I am tech pretty useless you will find, where do I go from here.
Seagulls, if you'd been unfortunate enough to have been watching Arsenal's truly dismal effort against Liverpool on the weekend, you'd have surely understood that I'm very much in a glass house throwing stones...
Once I saw the stupid, stick on, pig tails that Auba had adorning his loaf, I just knew we were sunk.... :-(
Strictly
Hmm, just seen the 'abuse' about the Seagulls Strictly. It's not nice to kick a man when he's down.
Vlad - by all means email me on my old email address. Once I receive that, I'll just forward your details to Strictly and he will deal with the invite. Hopefully you'll be joining the 'club' soon - and I'm sure strictly won't mind me saying, but different views/opinions on there are very welcome.
Vlad, yes you are most welcome to join...
I've given you a nudge about that before but I took it that you weren't interested as you hadn't responded about it....?
If you go onto the Inland share chat (INL) you should see a comment there today by Seagullsfan (Brighton supporter.... I suppose someone has to be....?).
If you click on his moniker to go to his posts, and scroll back to 16th Feb, he's kindly put up an old email address to facilitate Oi Oi joining the blog recently without disclosing his own details...
He and I have previously discussed making that open for you to do too (see what a centre of conversation you are :-) ) and I'm sure he'll still be fine about that.
If you want to do that, please confirm once you have then I can let him know to go onto his old email and check for it and then we can take it from there....
As far as your real identity goes, I'm not sure whether you mean just disclosing that here ~ which, based on the above, is not an issue ~ or on the blog itself...
That would be up to you, but it's very much a private blog, by invite only, and is in large part originally composed of my family, friends and acquaintances and, as we've gone on, many of their connections too along with a scattering of people from here including a few of your followers who were motivated to contact me due to our conversations on the Telegraph - so there are already a few people on the blog who've probably been aware of your existence for longer than I have.
Everyone on the blog is who they are, albeit many often refer to themselves by their Strictly Wacky Races character names, but whether you want to remain incognito or not is up to you, and I can assure you that the readership isn't composed of stroppy cantankerous naysayers and, beyond a bit of friendly banter from time to time, mainly emanating from my direction, I like to consider that it is a friendly & supportive discussion environment.
So, over to you and just let me know here once you've sorted it, but I think I'll give Seagullsfan a heads-up in the meantime... they lost on Sunday, but I suppose he's well used to that...?
Strictly
So, this blog, would I be able to join it and would my real identify be withheld?
Vlad
Vlad, the post I'm currently writing for the Strictly Bricks blog is about opportunity being like beauty in that it is in the eye of the beholder...
And, within that, I have referenced you, and your very similar investing song sheet to mine, and also that, as I see it, apart from being up for the challenge ~ both in respect of the new analysis opportunities and also fielding the naysayers ~ what you're also doing is looking to share the opportunity which, I imagine, you feel the same way about as me.
By which I mean, you probably feel blessed to have come across it.
But many of the naysayers, rather than either simply accepting you have a different investing strategy to them, or even taking on board your performance percentages, weighing them against their own, and pausing to consider that you might actually have something worthwhile to offer, just throw such negativity at you.
In one case, I recall that one commenter suggested you were an "eastern European sociopath", which made me chuckle, but the comment was quickly taken down so I don't know if you got to see it..?
In Mr Clyde's case, given that he's already suggested he's averaged around 12% a year for the past twenty years ~ which would be less than what you've done, I believe ~ and seeing as he seems quite a high status sort of chap who probably views the likes of you and me as a couple of peasants who just happened to get lucky with investing, perhaps he's more angry than mad (well, mad in another sense, then, perhaps..?) and stuck in a paradigm that's threatening to shift...?
Which is a pity, because if he got off his high horse and calmly & objectively engaged with us, I imagine he'd have some worthwhile thoughts and experience to share and also gain a few takeaway notions in return.
But, as I said, it's in the eye of the beholder, and that's my theme at the moment...
Separately, you're pushing me on this Henry Boot issue, aren't you...?
Let me get this blog post done, then I've got the local feeding of the five thousand to sort for tomorrow (a once a fortnight lockdown contribution for the Vale on my part) and then I'll hopefully get to look at the numbers more.
But don't hold your breath though, as most likely the four year balance sheet progress has already killed it for me as there are easier questions on the investing exam paper... :-)
Strictly
Strictly, you see I told you that MR Clyde was 'barking mad', 'mad as a march hare', 'the lift goes up, but it never reaches the top floor'.
Re Henry Boot, the average annual growth in tangible balance sheet equity since 2014, is about 6.7% of the current market cap. Add that the likely forward divi of around 3% and you have a tangible shareholder surplus of about 10%.
But the price that the land bank is on the books for is astonishing. Obviously land stays on the books for the purchase cost until it is developed and sold. How they got the land so cheaply I will never know. The average plot value if you divide the whole market cap by the plot number is just over £4k. I know that Harworth Group had similar plot values on the books but Harworth's land tended to need major remediation and Harworth seemed to struggle to grow their tangible equity with any consistency.
Compelling is it not?
Vlad
PS.
Vlad, I didn't respond to your other paragraph...
At 55, you're a mere youngster - I'm 69 next month and, yes, this game has been putting bread on the table for me for the past twenty years and apart from a bit of dividend income as a residue of past involvement in business counselling work after I sold my business and before I got into this game, it's been my sole income.
This is a more civilised place to hold an investing conversation than the DT online IMO as my impression is that whatever you think of the calibre of some of the comments here, most people here are investing in the companies they talk about and there's a fair amount of keenness to learn and also to help & inform others and, apart from the odd idiot, everyone's on the same side more or less even if there does seem to be a predominantly day trader mindset on some of the share chats.
But it's also fair to say that it has been through one or two purple patches for the calibre of discussion and right now it seems rather thin so I've got far more going on in terms of dialogue with our blog and one or two of your DT fan club have joined it recently, having firstly sidled over to here to the LSE BWY chat since you and I started exchanging views there and between us perhaps digging into it all in a bit more detail than the DT readership was maybe used to given a common penchant there for throw-away one liners, petty rivalries, put downs, etc...
And also, you're right.... operating with an inner compass is the way to go.... allowing yourself to be affected by put downs on the one hand or smoke being blown up your posterior on the other ain't exactly a recipe for an equanimous life...
Strictly
Vlad, you'll end up giving me an identity crisis seeing as I'm Strictly on here... :-)
I have held Henry Boot shares in the past, but not for around ten years...
It's a hybrid, half sheep, half goat (like Galliford used to be..... I'm embarrassed to own up that I've held their shares in the past too, but fortunately came out of them at a profit back in 2013 when they looked like they actually knew what they were doing and were priced highly accordingly.... so I got away with that one...) and, as such, I haven't really paid attention to them for years.
As it's you, I just took a very quick butcher's and the number that jumped out at me was only 36% BVPS progress in four years compared to Bellway 59% and Redrow 64% and so isn't much better than Inland at 30% which I can buy for 0.7 PBV.
At this time of night I haven't worked out an accurate BVPS for Boot and their progress seems to have stalled for the past couple of years but they might be worth a bit more time spent..?
BTW, I did also reply to you on the DT Questor Double your Money article thread.
Strictly (not Gunga here!)
Gunga - Boot seems to have c25% more plots than Persimmon, although Persimmon has a market cap c30x larger. If Boot's market cap was based on plots alone, which it is not, each plot is on the books for c£4k. Just get's more interesting!