Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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We all called this wrong,!! scheisse
Orange....very informative post.....however I already got shot of my holdings prior to reading it.... I did not come up with as much detailed inducements as you did, however, the conclusion was the same... Not sure if there will be a price correction to come, I just don't see it doing much of anything in the short-mid term, so out......
With the large sales today the MMs will try and hold the price up until they are rid of some or crash the ask price to collect lots of shares cheaply to straighten their books. Either way you will get burnt in the end GLA AFC.
I have made a very tidy sum over the last year from trading these!! Today was time to say farewell for the time being,l was alarmed at no future profit forecast,also no outlook for the dividend,making me believe their is only bad news on the horizon. In fact I think the building sector as stretched valuations
Having looked at the results, here are my thoughts This homebuilder completed 28% more homes than last year taking it to 3,389 homes. But, the average selling price ("ASP") reduced by 8% to �430,000, which was in-line with market expectations. The problem is their housebuilding division with average ASP reduced by 23% to �515,000, whereas the Partnerships division saw 12% increase to �343,000. Countryside contributes ASP rise in their Partnership down to �outer London and regional cities.� But the reason for price decline in their housebuilding division is down to reduce their exposure from the high-end product! It should say that London home price is falling. Land plots continue to grow to 38,811 plots, which is equivalent to 11.45 years� supply at current volume. No profit forecast Apart, from stating the obvious (Help to Buy scheme), there is no mentioned with a profit forecast. It will be interesting to know how the reduction in homebuilding selling price affects pre-tax profits. Historical and forecast Last year sales came to �671m, up from �277m in 2013. Meanwhile, operating profits were �87m, up from �17m. Stock, as % of sales is almost equivalent to annual turnover. PE ratio is at 25 times with EV/EBIT at 15 times. Although, PE is forecast to fall to 13 times. Also, the dividend yield is low at 1.5%. Comparison For the sake of comparison, Berkeley Holdings has PE of 8.5 times and EV/EBIT at 5.9 times. Final thoughts Their housebuilding division contributes 53% of turnover and 48% of pre-tax profits. With the division seeing a 23% fall in average selling price, this could push it into a net loss and will affect overall profitability. I feel without profits forecast, this is a delay reaction. As soon as they report their annual results (somewhere in November), we could see a major share price correction! Add in the fact that it is twice as expensive than the sector average, then the shares a sell, based on the lack of financial detail. Feel free to comment below. For further results and analysis on other companies result, click http://bit.ly/2yFcLts
One possible negative is that a Director has just purchased shares... Whilst this would normally be seen as a positive, the fact he has purchased the day before a TA could appear to be suspicious if it is really good and the SP does rise significantly....
Looking forward to the RNS tomorrow.....hoping and suspect all will be positive as the sector appears to be on an upward trend in all respects... So unless CSP are going to buck the trend expect a decent spike in the SP...
are over the moon 💰Must be great for CSP.
Let's fly away 😃
With Sigma started.!! Five more in the pipeline?? 400p must be on the horizon GLA.
Would appear that that was a lucky move. I like the look of this company.
Good rise on all that buy
Selling! WHY?
👎
the laugh of the office. What a tin hat !!
when you consider the very very positive update yesterday...
It's time to pile in !!!
It went Booommmm!!!!
Broker upgrade - JP Morgan Cazenove went from neutral to overweight. I also think CSP could be a takeover target, seems like some of the bigger boys in the sector want to spend some money.
on my part ..... b$%&@£!
yeah, why am i not surprised !! held these from the IPO, and since the brexit vote they've been flat, i too initially was looking at the dividend, and to be honest i did wonder about a special divi, but with no news and a pretty poor main divi i simply lost interest/faith in this one, and i doubt i;ll be back in
They came out with a trading announcement this time last year. Someone knows something one would submise ??? Maybe a special divi or are they takeover material AV.hold a large amount of stock !!!.
Looks like your sell did the trick 😂. The money you left behind bought the fat kid a subscription to Slimming world &a new pair of Nike's 😂 GL Crystalballbroke .
needed the funds for top-up investment elsewhere, sold for a small 6.88% profit, not as much as i'd hoped, or it was looking like before the brexit vote, but... hey, it's not a loss ! good luck to those of you still holding
http://www.dividenddata.co.uk/ this is labouring like a fat kid in the 400m sprint on school sports day, it's not looking like it'll get anywhere near where we were before the brexit vote, and there is nothing that drastic in the results published that could explain it's failure to climb back a little of that drop, i'ts currently floundering around at it's IPO price, which is poor, and the dividend whilst ok, with the figures they have i was hoping for announcement of a bi-annual divi