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The Fool has spotted the value, maybe they do get the odd share called correctly after all..
https://www.fool.co.uk/investing/2019/11/20/have-3k-to-invest-id-buy-these-5-and-6-dividend-yields-for-my-isa-before-christmas/
Green light for the large RTE site...
https://www.irishtimes.com/business/construction/bord-plean%C3%A1la-gives-cairn-homes-go-ahead-for-rt%C3%A9-site-plan-1.4066163
Dividend came through today, all good. Get Brexit sorted and we should see this rise to a more realistic SP that reflects the real value of this profit making machine.
Dividend payable tomorrow.
Very unusual for a share price to rise on Ex-Dividend date.
Holding up well today considering we went Ex-Dividend today.
More institutional buying surely combined with the share buyback this might finally start motoring and reflect the true value of the company. CEO highlighted last week that the land bank they own is worth more than the company at the current SP.
Good point MAO. Interesting that spent the whole day today buying shares on the ISE as per the RNS and it hardly moved the SP. Let's hope buying up shares on the LSE has a better impact..
Never going to happen at this price. Max they would manage is about 23 million.
To get this share going, probably all 78,878,317 shares will need to be brought back..
https://www.google.com/amp/s/www.irishtimes.com/business/construction/cairn-homes-announces-share-buyback-worth-25m-1.4016951%3fmode=amp
Indeed a very strange reaction by the market. One would expect this to pick up once the results are digested by the market...
Markets are very odd. Everything positive in today's RNS and we are down 5%. Weird.
Guidance increased too.. impressive...
As in previous years and reflecting our continuing growth, revenue is weighted towards the second half of the year. For the full year, Cairn is increasing guidance marginally to c. 1,100 closed sales at an ASP of c. €370,000 - €380,000 and a gross margin of c. 19.5% based on our contracted forward sales. Non-core site disposals, if completed in H2 2019, would improve this expected margin and profitability for 2019.
What an impressive set of results... as expected a dividend and share buy back put in place. Hopefully this will start to get the SP moving...
The Board has proposed a first interim dividend of 2.5 cent per ordinary share. The interim dividend will be paid on 18 October 2019 to shareholders on the register on the record date of 20 September 2019. This is the commencement of a progressive biannual ordinary dividend.
· Cairn intends to enter into irrevocable, non-discretionary arrangements with Goodbody Stockbrokers UC to repurchase ordinary shares on our behalf up to a maximum consideration of €25 million in a share buyback programme commencing on 13 September 2019
The share is on the way up and we have zero posts..... surely the movement forward deserves discussion??
Another large buy this morning - 2m
Further institution buying by Goldman Sachs before the results are released....
Institutions buying up more shares before results are released..
https://www.businesspost.ie/business/activist-investor-among-trio-boost-stake-housebuilder-cairn-451255
Quote from when they announced 2018 year end results back in March this year:
"Cairn's expected free cash generation of about €350-400m by the end of 2021 will enable the board to announce a first interim dividend of 2.5 cent per share in September 2019 and signals the likelihood of future capital returns in the form or ordinary dividends, special dividends and/or share buybacks," the company added.
Been a strong year so far let's have the results and get this share moving...
...and buy more property from Cairn...
Richard Ball, partner at Urbeo, said the group has "ambitious plans" to expand its build-to-rent portfolio through further acquisitions and forward purchase agreements with partners such as Cairn.
Half year results should be out in the next two weeks and noticed another positive nugget of information buried in today's RNS...
our Edenbrook residential development which successfully launched for sale to individual homebuyers in May 2019, with over 60 homes sold to date.
Looks like sales continue to be very strong and we should see this reflected in the half year results update.
A 2m buy earlier maybe we will finally see positive movement..
Good to have you on board MAO3. More institutional buying today. Very undervalued and with these large sales to Coco funds it's very surprising the SP hasn't moved more.
Certainly am.
Thought there would be a bigger rise give today's RNS's but there you go. Sure it will pick up soon.
Is there anyone invested here??...
Two positive RNS released today. Company to announce increased value for shareholders in September. Share only going on way
https://www.independent.ie/business/commercial-property/cairn-homes-sells-almost-300-apartments-to-cuckoo-fund-38440185.html