George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Johnson said share prices implied a fall of 10% or more for house prices which was overdone given factors underpinning valuations including government support.
"We believe with banks' willingness to lend on Help to Buy, strong buy vs rent economics, the greater priority of homes post lock-down, and decades of under-supply will continue to provide a resilient demand profile," she wrote in a note to clients.
"Demand will be strongest from first-time buyers and for cheaper homes, favouring Persimmon, and for affordable homes, perhaps boosted by the next budget, favouring Countryside, she said.
Persimmon and Berkeley's ability to pay dividends is undervalued but Redrow and Bellway provide a better value opportunity in the sector as worries about stretched balance sheets recede, Johnson said."
an interesting intra-day trading range today.
I'm expecting some good upside here within the next 6 months
Fair enough TO, I do that with some.
However, I think that they are being overly cautious in the presentation and agree with one of the callers who was asking about them selling their factory build's to other companies (even though the ceo missed the point!). I know several people putting up factory builds near me and a friends loft conversion was done in this way. I believe that this has a good long term future so I am happy to stay in for now.
I managed to top up @ 261.98- a rare occurrence for me to manage to get in at the bottom...
The CFO buying at 301 is a good sign. Much of the missed targets are still assets on the books, most houses that were waiting to be sold are still likely to go ahead. They said that the land sales are now further down the road (ie not the next quarter) but it is still an asset to be sold later on. I like that they can focus on the local authority housing if the private sales slow, they also have their factory built houses which they acknowledged will be easier for construction with social distancing.
I can see this staying around the 260p-310p range for a while yet, good if you trade, but see it getting back to the 460p range eventually as underneath it is still a decent company.
Anybody any ideas/suggestions when this is likely to tick-up - The Bears seem to have it in their grasp at the moment but they can’t suppress it for ever?
20% drop in approx 2 weeks, strange.
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=CSP.L
Try this link
Seems like there's a bit of interest in the SP, a few trades going through and I can see rated as a buy by the British Bulls https://www.britishbulls.com/members/SignalPage.aspx?lang=en&Ticker=CSP.L
Lets hope they are right!!
Large chunk of ex-Woodford shares sold by Link to Invesco. Invesco from 0% to 5.28%
Very impressive considering the overall market problems due to Brexit.
He owns most of Rm2 as well, oops ! Although this is a different company completely.
*end* to read 'rns'
Nice to see that Neil Woodford has got confidence in this company. Latest end gives him a 15% stake!
Good results (only looked at headlines) and divvy increase so grabbed a few at 279p. I usually buy BKG but thought I'd give CSP a go for a change.
but the market is that depressed it is
still going down...
IMO and opportunity to get onboard at
what could be the lowest level..
...at 276p, and feel good for it :)
just over 380 Good breather on cards.
Could be a flyer once the next daily breather is over.
so im buying
Up to my neck!! Forward moving I think 🤔
Nothing major, I sold at 349....took a little profit and not put out by what I have missed out on so far....