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Good weather bought 5%+ off the Board of the Pension Protection Fund At a premium to market price of £1.42.Are they planning to get to 30% then launch a bid either way I am well overweight here and very happy to hold what ever happens .Good luck all
With 25.3% holding it looks like Goodweather holdings are closing in on the 30% when they must make a bid.
Impressive results out today in this dull sector!
Yes and wee jump at the close
London & Amsterdam Trust Company 85,100,257 26.34%
Pension Protection Fund 73,966,672 22.90%
Goodweather Holdings Limited 45,500,000 14.08%
Schroder Investment Management 15,618,416 4.83%
Janus Henderson Investors 10,606,920 3.28%
Which one of these is another name for Peel Holdings ? Goodweather ?
Peel holding been slowly stake building here and 4% this year alone taking them just over 20%.Are they seeing long term potential here or are they wanting to get to 30% before making a move.Either way I’ll keep adding if they do good luck all.
Looks like 3 sales of 150k each went through mid morning. Yet the price went up….????
Up tick :)
Could this be an up tick ,at last ??
199p to 205p is NAV/PS as independently valued by 3 qualified sources in the trading update.
I also bought a few more yesterday .
We had a not bad update muted response in share price but I bought my 3rd holding on the day and doubled up and looking a good move upto now .
Yea I’ve bought 2 lots low £1 was very surprised these had not moved much with the general house builders was going to buy a 3rd lot but moving now.Also Boot has lagged and no interest there but I’ve added again 3rd last 4 months.There both long term attractive holds with a chance someone will finally show interest I’m sure there will be some MA in this sector.
.. and added a few more... I hope that we now have a base to build on.....
I have bought a few more.
Have we hit bottom and will we now rise?????
Directors buying more shares is a good sign
More chunky Director buys......
The rest of the baord may follow suit over the next few days again.
Profit best re-invested in buisness. Will help grow NAV.
This IMO is an extremely well managed company and should achieve its aim to double in size from September 2021.
I feel this is a long term hold when holders should be richly rewarded by growth in NAV.
LTV self-imposed limits are very conservative but does give them considerable room for land acquisition when the opportunities arise.
I agree. A 10% annual growth rate is a good headline figure though I suppose. The SP would have to grow by 10% to maintain the yield, but the NAV growth is greater than that.
As a medium to long term investment, the retained profit can be reinvested at ROI greater than 10% and reduce the need for borrowing/equity raise to fund the desired expansion.
Superb results but in these inflationary times am I the only one who is a little disappointed with how small the dividend is ?
classy fund man group takes 5% of this , will others follow ? changing times, mmm
Harworth directors ignite hot property
Jim Armitage
Sunday September 26 2021, 12.01am, The Sunday Times
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It is not entirely foolproof, but following directors when they buy shares in their company is rarely a bad move. That is what draws the eye to Harworth, the property group that specialises in buying old industrial sites, cleaning them up and pushing them through the planning process to be used for homes, warehouses or workplaces. Its preferred hunting ground is the Midlands, northwest and northeast England.
Regularly overlooked by investors, its name came on the radar recently when three directors dipped into their pockets to buy stock worth nearly £100,000.
One was new chief executive Lynda Shillaw, who this month completed a review of the company and decided to double its size in five to seven years.
Given that she then made a £30,000 share purchase, she clearly has faith.
Veteran investors may recall that Harworth emerged from the ashes of UK Coal, the doomed, privatised coalmines once owned by the late tycoon Richard Budge.
Harworth was the part of the business that owned the land. It has been performing well since the worst of the pandemic, with a chunky 15 per cent return in the first half of the year, partly due to its focus on warehouses, which boomed through the online shopping surge in the work-from-home era.
But that six-month period was nothing unusual. Harworth has a decent track record of steering land through the planning process and either selling it on or developing it itself.
Shillaw has declared her doubling of the portfolio will be driven by building more warehouses from a rate in recent years of 200,000 sq ft a year to 800,000, while growing its land bank — currently 15,000 acres.
Hedge fund billionaire Nick Roditi, who learned his trade at the knee of George Soros, upped his stake at the depth of the lockdown last year when the shares were at rock bottom and is sitting on a tidy paper profit. His London & Amsterdam Trust is now the biggest shareholder with a quarter of the business — a little more than the Pension Protection Fund, a legacy of the UK Coal collapse.
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A vehicle of Trafford Centre developer John Whittaker holds 15 per cent.
Investing beside such dominant shareholders may put off some people, as will the fact that Harworth’s shares have already had a good run up this year. You might end up having to stay in for a while to see gains.
But with the shares still trading at a discount to the forecast value of its developments, it’s worth following bosses’ footsteps and buying for the long term.
Essentially the article promotes the idea of investing in companies when their directors invest which the CEO has done recently , it also talks about other big investors in the company . The article speculates that the forecasted value of developments is greater than the value of the shares and that it’s worth investing for the longer term.
Am a big supporter and recently increased holding. Would be great if someone could post the article so I could read it. Many thanks