Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
To provide shareholders with stable, long term, inflation-linked income from a portfolio of Social Housing assets in the UK with a particular focus on Supported Housing assets.
Find out MoreLondon 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.
Jpp
Did you take advantage of the 47s, I did a savvy trade, not from my LT Holdings here. Sold for a nice profit, well I will not benifit, just paid for my daughter and 2 girlie mates 10 days skiing in Italy.
Without feeling Co kky you got to be innit to win it.
Avu is my best day trading usa share, daily swings from - 15% to +15% daily. Buy in sell out fast. Trading 212 are good for free trades.
Apart from FX which I buy USA dollar at 0.81usd,have a look not advice I'm not fca licensed, nudge in friendly direction
Nice to see some movement north
You may get your exit soon JP. Looks like an attempted breakout.
that's what i thought when i bought at 90p in 2020 and topped up at 95 two years ago. oh, did i feel savvy then, buying under the nav a safe company. yet here i am now, with half my money gone. see you in a year, when it'll be worth a crown and dividends won't have made a dent in the colossal loss. i've become numb and don't even care to sell at these insulting prices. my father in law was taking the **** last week-end, bastard doubled his money playing ugly names like nvidia. i wanted to shove his head in the bbq.
Hi,
Yes MySpace issue built into the current price but would be good to see it finally put to bed, be nice to see another buyback in the near term.
Hi @CraigB
They might need to use some of the £7 million to sort out the MySpace issue.
If that gets sorted in H2 then every chance of another £5 million share buyback as the board is keen to reduce the gap between the share price and the NAV.
GLA
If the divi goes down to 4.7p that is still 10% at current levels. That is enough.
Cheap price for new investors in comparison.
The contingency 20% cut still gives a good yield and already priced in.
Despite the "cheap" price, if the divi gets cut this will slump. Madness really. I'll continue to hold for now as lost a fair bit. Should come good in a year or two IMO
I’ve added a few under 48p, held some cash back to get up to my target holding of it drops.
Looks cheap, wonder what the plan is for the £7 million.
Prime for a takeover.
Decent yield in the meantime.
Quite a rollercoaster this stock, I came from CSH as I'm sure many did. Came close to 65 in Aug, now dropped so much. Never understood really why CSH struggled so much and now think the same here
Decided to dip my toe back in here at 47.4p. Even if the divi does get cut to 4.7p that will still be 10%. If the sp falls further I will add more. Like CSH I see this as a possible takeover target.
Ditto FF....Got in again at 48p long term hold for me with the chance of a takeover....
Crazy NAV price even after being 20% loss on book value.
It's around 87p NAV now and under 48p to buy.
Crikey I've bought 100000 more today, 27 yrs to stay invested till I retire, sadly for others well burnt here, new investors great poe.
Got to be buyers n sellers-losers n winner how game is played.
Does always say you can lose money or all your money in shares buying warning.
Again it's paper losses or profit till you buy or sell then it's loss or gain.
Mr pjb could you not sell up buy back if you get same amount of shares ect, then use losses on your tax returns, rich do it often.
I can only conclude that you bought recently or that you have Stockholm syndrome. If you bought recently, brace yourself because by your own words your shares may only be worth a crown each in a few months. If you bought two years ago like me, how can you be happy with the current situations? They didn't even sell the houses with delinquent tenants, they sold income producing ones! Maybe you are secretly some employee doing damage control for the mothership?
You should have planned for a 50% drop because REITs track bonds and interest rates were at an all time low, so any raise in interest rates would cause REITs to plummet. Just chill out and stopp worrying about the book value. You're still getting your dividend and you still own X amount of shares.
Well hopeful118 you chose your screen name fittingly because if one has to prepare a 20% income loss contingency plan the long term contracts look sketchy at best and the property valuation on shaky grounds. I didn't prepare a 50% capital loss contingency plan because I trusted this company but there's no pilot in the plane or maybe it's the one who disappeared with that Malaysia airlines plane.
You need to chill out and stop spending money you can't afford to lose.
The stock is based on property with long term contracts. The 20% figure is called a contingency plan.
Agree with both your pragmatic financial assessment and your political beliefs Damo.
My other half works in social housing and the situation is really bad. There just simply isn't enough housing being built. The NAV drop is a blip IMO and will correct in a few years.
I would add it is mighty suspicious the price dropped BEFORE that backstabbing RNS was published. Some people knew.
Thank you for your honesty John. Unfortunately I have only myself to blame, it would all be easier if I could point the missus to an advisor. The fact it is supposed to be a responsible, stable, socially positive investment makes being manhandled by the market in such a rude way unbearable.
I have a couple of clients in the same boat as you, JPPoubelle. I told them that this was a “sure thing” at 105p and to go irresponsibly long on it, now they are calling me every day asking me when it’s going to go back up. I ask them “how long is a piece of string”. Has been a real thorn in my side whilst I’ve been on the golf course this share. Thankfully I charge fees and it’s not dependant on performance. I think this will come back up, but whether or not it will reach the dizzying heights of 70p again remains to be seen. I will just have to keep telling my clients that our nanny state will make sure these people are well cared for and the funding won’t dry up, don’t want them to go to another advisor!
Average down? Things are already tense with the wife due to this malinvestment and cancelled holidays, and you want me to double down? I just hope this stock can bounce back to 60p so I can unload all my remaining shares at a better price. If I sell now for 50p and it bounces back I would sooner head for the nearest station and jump on the tracks.
Divi is paid tomorrow reinvest and average down....That's what I'm doing.....
This is even worse. We have double digit inflation and 4.5p would be a pitiful yield on my buying price. I feel like crying and I'm a fully grown man. I have no words, no words