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no... I don't think the risks are priced in.
Lucy, genuine question.
Given the SP is pretty much at its all time low (around 70p) do you see much further downside?
It seems to me that all of the risks that you highlighted are baked in? Yes, no?
I believe I hit the bullseye with my last comment, so no, I didn't miss. Did you forget to duck?
Did you miss me?
Thanks, Lucy: you're very kind. Buying on the dips at this point is likely to prove to be a profitable medium to long term strategy for those with the nerves to filter out the noise. Shadowfall gave up and bailed out of its short position on CSH around the end of last year. Not long afterwards, you disappeared off the radar. I see that all your 48 posts here, without exception, have been about CSH. Does your return mean that the shorts are back?!
How you guys doing? Just thought i'd poke my nose in and make sure everyone's ok. Punter64 - still buying dips? xx
The cap itself is of minimal significance. It might dent the NAV for psychological reasons.
See https://www.theguardian.com/society/2022/aug/31/social-housing-rent-rises-to-be-capped-in-england-next-year . In the short term government/tenants win, landlords/investors lose. In the long term government/tenants lose when landlords/investors don't want to do it anymore, no new social housing and existing ones become neglected and derelict.
another buying opportunity presents itself to top up at around a 7.5% divi and a NAV of 111p
The best place for IC is left on the WH Smith shelves. I subscribed for a year, must be 30 years ago. First two tips I bought both went bust. I recall a company director once revealing how much it actually cost him to get a good write up in IC. Probably the best way to make money is to be a tipster.
Very sensible Chester. I bought in last week as a core holding for my ISA and will add. Excellent and growing dividend.
My first post - please be patient with me!
The latest Investor's Chronicle article is depressing. Why do they get things so wrong? Figures for homelessness are not relevant to what CSH actually does. If I were a cynic I'd say that the editorial policy of the FT and IC were hopelessly liberal.
FYI I bought into CSH some years ago at 110p but I'm adding through re-investing dividends and monthly investments.
Regards.
With the NAV currently at 111p and the divi currently 6.9% at today's price this share looks undervalued at present IMO.
Yes, a very positive update. Glad I topped up at 70p and I look forward to 8%+ dividends going forward.
Still remains strong given their Trading & Market update today 10.08.22.
Continuation vote keeps fund managers on their toes ....
At these depressed levels I'm expecting the BoD to buy back more shares given the yield relative to the cost of borrowing.
Agreed, time to be brave when others are panicking....
Me too at 71.31p. The NAV from the result is 110.30p. So at 35% below NAV and 8% dividend this SP is in silly territory.
Just added £10k at 70p. At that price the divi this year will be 8%. Happy to tuck these away for the long haul. GLA
AdamAnt I agree. I topped up but paid 71.45 obv not the bottom... well oversold IMHO. Financial journalists are wrong more often than not. Plus the whole market is being hammered today as most of this week. Gla
This whole sector is under the spotlight these days - One or two allegedly shady deals from a few directors here and in other social housing REIT's
Oh well - Batton down the hatches
I'm amazed by the strong market reaction (down 12% as I write) to the Times article. I thought the results were OK. Someone on the other discussion board has made a good case to show that the Times journalist got it wrong, but it seems that the market agrees with her! The shares are now on a huge discount to NAV and my belief is that they will claw their way back once the dust has settled. I have topped up on the way down!
Well, I never read ADVFN, or The Times., so I'm happy to have a small top up at 70.6p, bring my average down a bit. Still way over your entry price @talcy, but people have been attacking Civitas for some time now, purely for their own profit though.