Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The rise was politically led as was the fall.
my be a duplicate message last one vanished did blackrock sell a load?
big drop at end
Karv1, when you sold at 699 with a profit you did well because your average was much lower than mine! Many years ago I started investing with GFRD for retirement income. I was not too bothered with the SP because I believed the company would never go into receivership . I enjoyed the seemingly guaranteed 37k to 48k dividends I received per annum! Even if I get my money back I will not enjoy the same income that I received when GFRD was a lowly 550! I am attempting to mitigate this as much as possible. So I sold up at 690 a few days ago shortly after you and now if I buy back at 668( at the time of writing) I will have a few percent more shares and therefore more income. I am taking a risk ..some would say. I follow the price all day and noticed yesterday that the moment there was a hint that proroging parliament may be found to be unlawful the SP shot up. It came down again after all the excitement wore off and Mr. Johnson said he would ignore the ruling unless he was told by the Supreme Court that he must recall parliament. So I have till next Tuesday to buy back before it really becomes risky for me. By the way, Bovis is tremendously cash rich. So much so that it's existing shareholders are due for bumper payouts within the next year or so that will not apply to us. Look up BVS and Gfrd on Simply Wall Street and you will see what I mean. The day before the results ,when GFRD announced it's possible firesale, the SP opened at around 750 but very quickly started to fall. I sold out at 690 and bought back at 654 on the same day. I am reassures me that because the SP did not hold up, it sent a signal that the market did not look favourably upon the possible deal (designed to line the pockets of both CEO's in my opinion) . So after rebuying I owned about 4% more shares( and income).The SP settled below 700 that day. The RNS the following day stirred the SP upwards slightly more due to the fact that there was no more extraordinary bad news although Prothero managed to sneak in an extra 10 million's worth of losses that were not reported as anticipated in the previous mid term statement. I do not trust him however I will be fully in at the ex div date in November.
One thing..if Brexit is resolved by then the SP will be much higher. Call me bullish ..I even think it could be 760 ish. However I do not think Bovis will rise as much on a proportional basis making GFRD more of a firesale/ bargain. The restructured company can look after itself and does not desperately NEED Bovis in my opinion.
I want this deal to disappear from the horizon...
I am mostly back in I thought today would be a bounce back I should of waited longer.
I thought about it as you said we get dividends 35p plus 0.574 per share on 1059 or 675 million worth or with current sp 690 million and with roughly 37 million in dividends = 727 million which is only 14 million short of current sp then you have GFRD .so unless bovis sp drops we going to make money from current share price if i,ve done my adding up correctly, but anyone with a higher average the deal starts to look worst the higher the your original sp buy in was. I am still hoping the big investors say no.
I have not seen anyone on here yet that says this is a great deal for us. all i ever see is people saying i am m going to hold and see or it is a bad deal.
You would of thought the big investors would be hinting to the board the same thing.
As I posted, there is a slow and steady decline which will continue punctuated with sharp rises which never hold. After all, the news is out and as I repeatedly say , what on earth is there to like about the BVS offer? The previous offer was much better for SHAREHOLDERS. It appears to me that this one is effect a thinly disguised rights issue where the shareholders suffer and the BVS ceo cleans up. Prothero intimates that this is a done deal ..of course it isn't. There is a long way to go as the details about what the company is using the cash for and details of the business plans for the residual construction company have not been represented. Galliford Try is over 90% owned by institutions. If this deal was as good as it was made out to be by Prothero ( who earns only half the salary of the Bovis CE0) the SP would be holding. The BOVIS ceo openly stated that he is
'Heavily invested' in BVS and is looking forward to the completion of this deal. I'll bet he is ..GFRD is being sold for a bargain!