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This one is even better:
373.512 99,581 Unknown* 371.95k
This is more like it! £93.75k in at 375 also indicates some more enthusiasm!
03-Aug-23 16:08:37 375.00 25,000 Buy* 374.60 375.00 93.75k
Tempted to screen shot today's graph to keep spirits up until next Thursday's results!
Long may it continue
Agree yes I'm loving the buy backs ! News tomorrow ?
Thought this would hold up a little better to wider economic news with the buy backs.
There were two £7m trades reported late on Friday. Wasn't clear if they were buys or sells (around the £3.60 price point).
Hmm - many buys showing as sells today as we creep towards results day!
Thiss will be fine as fluctuations in the mortgage the mortgage market should be expected and quite a bit is priced in here !
Major lenders announce cuts as markets price in lower interest rate predictions
Three of Britain’s biggest mortgage lenders have cut rates on the back of better-than-expected inflation data last week.
Nationwide, one of the country’s biggest lenders, said it would reduce fixed mortgage rates by up to 0.35 percentage points on Friday.
TSB announced a drop of up to 0.55 points on its two-year purchase and remortgage products from Friday, while Barclays lowered its rates by up to 0.15 points on Thursday.
It came after HSBC was the first major lender to cut rates earlier this week by 0.35 points.
Coventry Building Society and Skipton Building Society also cut rates.
The average two-year fixed mortgage dropped from 6.86pc to 6.83pc on Thursday, according to data firm Moneyfacts.
Five-year deals were down from 6.36pc to 6.34pc, while two-year buy-to-let rates have slumped from 6.97pc to 6.94pc.
It is an encouraging sign borrowing costs may have peaked, with falling inflation beginning to ease the squeeze on household budgets.
Inflation eased to a 16-month low of 7.9pc in the year to June. This was down from 8.7pc in May and well below the 8.2pc expected by economists.
Markets are now pricing in a peak Bank Rate of between 5.75pc and 6pc – down from previous predictions of 6.75pc.
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Aaron Strutt, of broker Trinity Financial, said it was increasingly likely other lenders would follow suit as they fight for business, although Santander raised its fixed rates on some of its loans by up to 0.36 percentage points on Monday.
He said: “Swap rates have been coming down and the market is predicting that interest rates won’t go up a huge amount more, but we’ll have to wait and see.”
Swap rates, which are based on market expectations for central interest rates and are a leading indicator of mortgage rates, have fallen by 0.62 percentage points since July 6.
Craig Fish, of broker Lodestone Mortgages & Protection, advised caution ahead of further inflation data expected in the next two weeks, which could push rates back up if it is worse than expected.
He said: “Let’s hope that the headwinds remain calm and settled and that this is just the start of further decreases. I think it’s too early to call a rate war.”
But Jamie Alexander, of broker Alexander Southwell Mortgage Services, said mortgage rate increases in recent months “may have been slightly excessive” and said he expected them to be revised downwards.
Ben Tadd, of broker Lucra Mortgages, said lenders had already priced in the expected increase in the Bank Rate from 5pc to 5.25pc next week, saying it was unlikely to have an impact.
Surging mortgage rates this year and in 2022 have prompted officials at HM Treasury to once again look at the benefits of Dutch-style, long-term fixed mortgages, previously mooted by Boris Johnson.
Long-term fixed-rate mortgages are popular in c
Nasty uncrossing trade though sadly. This seems hugely oversold though as the results are still going to show a sizeable profit and you'd imagine another nice divi
Share price looks to be slowly recovering.
Ah, that's what caught me out then - thanks for mentioning! : )
Not your mistake, it's actually reported on here as tomorrow too. Ironically Mobico, which is posting results tomorrow, isn't showing on here.
Silly me - results due due Thurs 10 Aug, not this Thurs!
No wonder it's a bit boring here compared to others for the moment
Today's trip up to 374 might comfortably be beaten if there's any increased attention leading up to the half year results next Thurday.
Me, too, though I jumped in a bit too early for my first chunk. It's been tempting to lose patience and jump out again, but now I'm glad I didn't as the theory is now paying off and in the meantime, OSB has been steadily carrying on with the planned share buyback which will have been benefitting from the artificially low prices since the 7th.
Patience pays, I bought in after the drop here
Now over 4% and still rising. I'm here too, with my biggest holding. Looking at buys trickling in, it seems there must be other PIs dipping a toe in.
Hi Huudi. Just to clarify, the share repurchase Programme has been running consistently since 18th March 2022 and this has been happening consistently on a daily basis regardless of shareprice or RNS sent out. You can read more about this on the RNS's Released on 18 March 2022 and 16th Mar 2023. There is nothing dodgy about this and actually delivers good and consistent value to shareholders. Everyday the shares are repurchased regardless of price or RNS sent out which is how it should it be.
Funny Terry. Seems all you do is going from board to board giving dire prediction of every company on FTSE. What happened? Parents didn’t let you dress up as the grim reaper on Halloween one year and this is the outcome?
"huudi" educate yourself on Market Abuse/Insider Dealing, then have a little think about what you've said there.
Oversold for sure
Dead cat bounce too 4£
Hold tight
Looking good here
A share buyback on the 4th then two days later issue a statement that knocks 30% off the price?
Either not too smart or the left hand doesn't know what the right is doing. That gives little confidence in their future.
Who really cares, the drop was overdone and currently 4% up today prices it