Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Rob. The sp would need to go to about £6 for me to do that. Far better if house prices were more realistic, about 1/3 what they are now. Overpriced housing has been a disaster for most young people. Only good for property speculators. Buying a house should not be an investment, just somewhere to live.
Dan, if this share goes back up to £1.50, you will be able to buy them a house, you never know. ;-)
Hi rob. "House prises will get hit the hardest in2023"? That's the best bit of news I have heard for ages. Perhaps then, my 2 daughters will be able to afford to buy a decent house?
Market is slowly pricing in dividend cut.
Csdi, from what I've been reading, house prices will get hit the hardest in 2023, but as you know it's just talk, good luck mate, we all need it right now
Porsche - you certainly know how to cheer everyone up with your constant posts.
Well to answer your question
PSN has cashi n bank with no debt.
Earned approx 106p per share in H1 (Jan to June 2022) and will prob do better in H2.
Recession - yes on the cards, but for how long ?
Looking to the future will PSN SP recover - short term probably not - long term - yes I think so.
PSN has good landbanks. uses a lot of internally made frames, has a flexibile work force - many self-employed.
dividend will be chopped - but still likely to offer over 5% as cannot justify current 17%.
I'll take my chances as a long term investment, as I am not a trader.
Why would anybody buy a house builder going into a recession and rising rate environment? Let me guess the dividend, same as crxp like Vod and BT GSK and all the other decimated dross. Dividends for most of these will be cut then suspended. None of these share prices ever recovered after the brexit shxt show vote and with what’s happening now this ftse 100 dividend dross is heading back to 2008 lows.
"Once gone it does not absolve them of any responsibility really as they swap managing the separate unit for managing and paying to rent space on a tower network.
If Towers is the item that goes, it will be an enormous red flag of what’s really going on internally."
That's difficult to say. It's likely a full sale will create a lease liability on the Vodafone accounts, due to rental costs, but it would also inject a significant amount of cash back into the company, and the Tower owner will then be responsible for maintaining the towers, access roads, wayleave's, etc. I would think Vodafone will become an anchor tenant and will negotiate a good forward rental rate at the point of selling the infrastructure. There'll be a higher operational cost for use of the towers, but VOD could potentially save more by reducing debt with the cash from the sale.
My guess is much will depend on how much private equity will offer for a stake. Maybe VOD will decide how much to sell dependent on how much private equity are willing to pay. If a bidding war ensues, and the offer price is something VOD can't resist, maybe it'll be in VOD's interest to sell it off completely. Not sure if there'd be any red flags under those circumstances.
'Of all the disposals VOD could do, selling the 80% left of towers is the worst.'
Interesting. They would avoid the capex and return on investment risk and pay a higher access price for own use. So how would the terminal value of cost savings from disposal compare with, say, the sale of Italy and avoiding spectrum costs etc.
I agree VOD got lots of options but a deal in the hand is worth 2 in the bush ..
Mikey
As I keep saying just be grateful you do not hold PSN shares - then you would have something to mutter about.
down over 4.5% today, and over 40% in 6 months since I first bought them ..... ouch
Consider yourself fortunate to be stuck with VOD.
GLA - C
Of all the disposals VOD could do, selling the 80% left of towers is the worst. Once gone it does not absolve them of any responsibility really as they swap managing the separate unit for managing and paying to rent space on a tower network.
If Towers is the item that goes, it will be an enormous red flag of what’s really going on internally.
Morning - lovely start to the week as usual - FTSE up , vodafone trys and then drops down - what a surprise .
I was looking at vod US today to judge my potential investment and it finished positive and then up further 1.2% after hours
Yes getting £13 or £14 billion is big money
But UAE bought into this at £1.30 to make money and I’m guessing it wasn’t just a spur of the moment investment but one that took a lot of due diligence
'opportunity that bigger players had knowledge or influence on how all this would / could play out ?'
My thought is UAE want the brand, and that could be the partner markets model. Cevian want a simpler operating model, so that means disposals . Disposal of all VODs share of vantage or only part will be telling imo
So, I’m looking at vod. UAE bought 9% of the company a few months back at I believe £1.30 a share and cevian bought from around £1.10 to around £1.30 ?
There’s also a bidding war over towers business going on that jumped the sp when leaked
So, I guess my question is, is this looking like an opportunity that bigger players had knowledge or influence on how all this would / could play out ?
On my watch list for now - as follow the money is an interesting thought
I did work out recently, if you bought on IPO day in 1995 and held, you made compound total returns of 4.5% pa. This includes divs. Better than a kick in the teeth as my dad would say.
been regretting it ever since?
Bought my 1st as an employee in 1996
Ill go with 107 been wrong in predicting rise so will instead predict a fall. Reverse psychology
110 for me please, thanks roofer
Fridays Closing SP
Danielh 112.5p
CSDI 1962 111.1p
FredRubble 106.69p
Roofer 109p
So far
No Country for Old Men ....another great film
There is Dan, I have an uncle who brought these in the early 80’s I think when they were a subsidiary of Racal who were an electronics company. Racal I think used to provide comms for the Police, fire etc before out friends across La Manche snapped it up.
My uncle still has his shares & he often tells me he brought them for 1p, yes one penny. I don’t know if that bit is true but it won’t be far off & he has thousands of them.
There’s always someone better off than you! Or is that worse off, anyway positive thoughts today team.
Cheers rob, but there has to be someone who has been invested longer than me? 25 years?
Hi Soton, yes if only, unfortunately we can't win them all, all of the time as they say, but at least the dividend is covering the brokers holding fees and more, so take advantage of the dividends and wait it out seems to be the general advice, the world is in a bit of a mess at the moment, so possibly things will get worse before they can get better, let's hope we don't have to wait too long