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puts any sentient creature to sleep...she should copy MT and gets some voice coaching
Looks like this one has gone into hibernation Jolly.! Some sub 80p sales today which means to me that some people can't see the wood for the trees. And we all know what bears do in the woods! I think I will be all over this like bees to a honeypot if the fall continues. You make a good point about foreign exposure Jolly but as Teresa has firmly hung her knickers over stimulating housebuilding, I am sensing an open goal and diving right in like a bum at a wedding feast.
fishin
yes sub 80p (given available info) wd look a steal..but then 82p looks cheap enough LOL ....my appetite for overseas exposure - and for export orientated (or import substitution) plays - distracts me from the Bear ...but the bare "facts" are mighty compelling imv
It is very interesting to see us hit support against. It has bounced strongly from here before. The more often it revisits this level, the more chance it will fall through support. However the bare facts are the balance has tipped in favour of buyers again imv.
Hi Falling, good call ere ;) But hey a hurricane would be good for reconstruction eh? :D
Monring Dibs, One of my better calls as I managed almost the absolute bottom. I couldn't see any reason for the drop apart from some poor weather. It is very undervalued imo despite the large spread as long as it can maintain the divi and the hurricane season in Newcastle is not excessive.
weakness in construction sector a worry?
Bear necessities the simple bear necessities forget about your worry and your strife
is tipping scales.. ...will others see a breakout above £1 as imminent? ...cheap on prospective multiples imv
but with the Bear, patience required
Both jolly AND Falling here. Must be good....
There is a fairly wide spread Jolly so it is possible if we have some sellers that this will drop below 80p on the bid. I can see the ask holding up though as these are tightly held and have a good yield with the special divi. If anything we could be getting buys at 90p full ask which would mean we could be heading to test 100p in the near-term. The recovery in trading is also cemented in now and only the strong run up and cylicalness of the buidling industry is what imo is putting off investors.
below 80p fails.. ...but vol has dried up ...happy to accumulate here, so bought another 3k@84.75p
was better bottom call lol..hats off to lmmink
Good call JOLLY. 82P seems to be the floor here. I just got my juicy divi the other day. I am sure I read that the North east is doing well buidling wise so we may be in that awful expression sweet spot. The only caveat is I would remind people that a bad winter knocked this one a few years ago. I was lucky enough to call the bottomof this one at 40p so am enjoying the ride up.
so "had to" accept poorer reverse flip @85p ...with run rate EBIT perhaps £3-3.5m/year (accounting for PEEL @ c £0.5m), an EV/MKT CAP over £20m would seem more sensible imv ..tp £1.20
but the Bear can dropsy during hibernation
went down well with a 2.4% rise. the attendees will be like a bear with a sore head tomorrow presumably.
Jolly, this bear is all class. It has a fur coat and no knickers.
with the bear
Looks like this bear is heading out of the woods. Nearly 3% up on a soft day for the market. It seems 83p is a trigger level for investors to get in and so we don;t maintain it for long.
I donlt think this is going sub 80p Jolly even though the wider market is experiencing some bear baiting. Buys are still at almost full ask and it has bounced strongly from here previously. Unless the market dip continues I would say we will not go below 80p.
would be tempting for reverse flip
back the drop since it went ex-divi. I can easily see this one hitting 100p + Only a bad winter could send this one into hibernation.