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I honestly don't know. Probably it's just some daft long only PM waking up to the situation:
"Hi, boss... yeah, it's James. Yeah, I just read this crazy stuff about Civitas... Yeah, that's the social housing thing we own. How much? We own about £10m. Well yeah, this guy called Matt Earl is highlighting some weird stuff.. Oh, ok... I didn't realise that about Matt. Ok, so should I tell Jeffery to sell it? 20% of volume? oooohhhkaayyy. Yah. See you at the golf club in about an hour. yaahhhh."
Whilst I appreciate that the whole market is nervous right now, CSH is looking extremely fragile. Do you think there is something new about to jump out of the woodwork? A sub 90p SP indicates that all is not back to normal. This is a large discount (circa 15%) whereas there was a 10% premium when this blew up last autumn. Something not quite right me thinks.
Hi there. No, not nervous yet, but you never know... Maybe I will be tomorrow! :)
Nice move yesterday - getting nervous Luce.....? :-)
Yes indeed. :)
You still hanging in there Lucy?
Good for you oz. It takes lots of views to make a market, and I'm sure you've done the research that gives you that conviction. It seems like shareholders remain sanguine about about all this, so you seem to be in good company for the time being. I'm here to warn, not persuade - as has been pointed out before, to think that sharing views on these boards will move the share price is naive. :)
Lucy DS. You are desperately hoping the Sp will have a substantial drop from Friday's closing price. As per Shadow Falls agenda. 1 don't agree with your many posts pushing your agenda to short the stock. As an investor I intend to hold and will top up on any substantial drop in the sp.
Don't know about Triple Point. If you track through the corporate history of a few of rhe subsidiaries, you should be able to get a sense of whether they are doing the same. Look for odd changes in ownership etc.
Yes, I'm sure the board don't agree with me, just as they don't agree with Investec, the housing regulator and all the journalists who've written about CSH. But I'm not worried too much about their opinion because I have good reason to doubt their honesty.
I'm certain that all I have written is indeed true, because it's all based on publicly available information. If there's anything in particular that you feel is untrue, do let me know and I'll either provide further back up. :)
Seems like the BOD don't agree with you Lucy
"The Company looks forward to continuing to work with Falcon and its management team in the future"
If all you claim is true the BOD must be pretty brazen
So are you saying CSH is flawed or the whole sector. For example Triple point, are they tinted with same issues?
This is about as bad a public statement by a regulator as you are ever going to see without actual accusations of criminality. If it were just one of these RPs then it would be manageable, but it appears systemic. A similar setup existed with Westmoreland: CSH bought properties from Fairhome, Fairhome lent money to Westmoreland, Westmireland rented houses from CSH. That all came crashing down... This is not a sustainable business scheme.