Member Info for alwayswrong

That’s a good point …a buy back would make sense but it would infringe the 40% LTV they treat as a doctrine ..
They could finance a buyback from the proceeds of asset disposals plus the 20% of profits that they don’t distribute in dividends

Let’s face it NRR now has far too much share capital for a business which halved when they sold off the pubs

Back in 2017 the share price was £3.60, today it is less than 75 pence . I think it would be reasonable for all directors but particularly those who were there in 2017 for an explanation.

“ Gold Price this time next year will be $ 2,700 an ounce “

Just a reiteration of my post last Sunday when gold price was around $ 1,760

You heard it here first ….

By my calculations Gold will be $ 2,700 an ounce this time next year . I have a feeling in my bones that I will be right about this one.

Hi Monkey. I got in at 92p but don’t listen to me , I am always wrong

Have you ever tried dealing with BT as one of their customers.. they are incompetent , they lie to you and if you withhold payment until you are satisfied , they get debt collectors on to you which destroys your credit rating ...they should be closed down and all their non executive directors should bow their heads down in shame.
I still wouldn't invest in them anyway..they are weighed down in debt which their earnings are insufficient to ever pay off..then there is the massive pension scheme deficit brought about by final salary pension schemes for their spoiled staff...Stay away...they will fall sooner or later..and they would deserve it.

I think that there will be a modest surplus in UFFO and in view of a more optimistic future, a small dividend (1.3 pence) which in symbolic terms if nothing else should result in an uplift..the icing on the cake could be the asset valuations...at one time a further devaluation seemed inevitable, now at the very least I think asset values should at least hold..if the optimism gathers pace then a positive revaluation could be on the cards , this would result in a statutory surplus which should should re-rate this share further according to the size of the uplift , (due to its consequential lowering of LTV.).
Don't be surprised if publication of the interim results are delayed somewhat, while they digest the impact of all these alternative scenarios.

This is a share I would definitely avoid for the following reasons...
1..They sold the profitable high margin housebuilding arm and maintained the extremely low margin construction side of their business...one big contract to go wrong is all they need to put them out of business just like Carillon.
2.. Net tangible assets are negative ..I prefer Non current assets that are tangible i.e. that I can 'kick'
3..Covid and it's impact on a business like this which runs on extremely tight margins even in the good times.

I agree with you entirely ...I was right about the price though ..it has now fallen below the 59.pence mark and this share can descend rapidly once the trend reverses ..
The intriguing part is that buys are far outnumbering sells on the LSE trades counts yet the buyers are paying lower and lower prices..that doesn't make sense to me ..do you have any insight ?
I think that the half year results due on 27th November will actually show a slight UFFO surplus but I still suspect that any dividend will be postponed until the future becomes clearer..

It looks like this is trending down lower..not much volume but some large purchases (they outnumber sales by 4 to 1 ) yet people are buying at below 60p..this looks ominous to me

Olda....I don't understand this...could you explain it more simply and whether what you are saying is good or bad for L&G future share orice

Yes that is right re the valuations..it seems they arrive at a number just 10% or so below the marked down valuations at that time..mostly I think as a market re-assurer more than anything .. I made a decision to liquidate all my holdings in not only NRR shares but all other FTSE ones as well.. I think the second wave and it's after effects will have a worse financial impact to the economy than has been priced in by the markets...the government used most of the ammunition they had on the first wave and the cupboards are now empty..these deficits have to be repaid, like a maxed out credit card...no such thing as a free lunch...after Covid think massive tax hikes, huge expenditure cuts along with corresponding damage to the economy.. despite this I still believe in NRR's future viability due to its strong fundamentals.. I am just gambling on being able to re-enter the trade at a much lower price . Let's wait and see...dyor and GL.

The key figure Jstar is UFFO..which are the underlying funds from Operations which excludes asset write-downs because this is the figure that dividends are based upon ..I am still expecting this to be a positive number at the half year, so I am expecting either a modest 1p ish dividend or a notice of intent regarding the date for the resumption of dividend (probably quarter 3 subject to no further major disruption which of course is unlikely...we will just have to wait and see

Osaka..as well as Lindsell Train take a look at Fundsmith Global Equity I accr...it's similar strategy to Lindsell train but more focused on US and returns are much higher than Lindsell for last few years.. I had both for diversification .As always DYOR GL

Haha...thanks Oska..will take a closer look.

BATM looks a great share.. I think I missed the boat here..

The half year results will be out on 26th November..

Yes we will have to wait and see. I have had my eye on this share for over a year (pre Covid.).it will shine post Covid but I fear it will gradually decline along with the further lockdowns. I recognise I might miss the boat though

Osaka..you might be right on this because I just liquidated this share along with my holdings in Legal & General and Direct Line as well as NRR...I am fearful that the stock market in general will come under pressure from Covid which appears to be taking a scenic route to a total enforced lockdown but this time with less generous support packages ..if the general stock market does retreat then all shares follow on the principle that an outgoing tide lowers all boats..I will come back in again when I think the uncertainty is over and hopefully before it's too late.. I am still invested in global equities such as Fundsmith and Lindsell train as they are less dependent on the UK..they are also doing steadily well..good luck with your selections..

I don't think this is a short ..they are shown separately on shorttracker.co.uk This could be either a buy or a sell but where the amount of holdings were less than 5% of the companies share capital both before and after the transaction ..

Osaka..I did look briefly at BBB ..it has been around for 5 years or more and it has yet to make a profit ...no dividends have been paid during this time either...it's too high risk for me with no trek record spreading several years...I do note though the huge holding bought by a non exec director yesterday followed by a 10% share price rise today ...I can see that they have also had several tender awards recently but I am keeping my holdings in cash for now but good luck ..no doubt in a few weeks I will be wishing I had followed your tip !