Member Info for Banburyboy

Cuckoo - let's hope we all see this out.
The major PIs may persuade someone to bid say 3 p for the rest of it - so the slide is part of the master plan to make 3p look attractive. All in the game to sh*ft small fry like us.
Biggest discovery in NS and we are sat 50% below the price when we were drilling.says everything about DELT.
Emerald be mega cautious with this one the other shares you frequent have proper governance - this one is really questionable.

Emeralds I love you from HFD and CNE.
The only steal here I'm afraid is from a bent board. RI a certainty as it will be to a select few. Logically you are right but these guys haave form previously as Cluff and as DELT closed shop RI and options awarded like confetti !!

NQM - me to
However it's unlikely to happen if there is value here it will be a RI to mates and a buy out at peanuts for the rest.
I'm not sure the miscommunication by DELT was deliberate to suppress price for exactly that.
Big PIs want cake for themselves

Drilling costs attract 90 % tax releif. Useless to Delt now as no income.
Done understand why they don't swap 5% or so of the interest for CNE / Shell picking up 100% of costs. Feels like a win win
Delt avoid crazy dilution
CNE / Shell get 5% of an asset for a post tax contribution of 10%.

Velo interesting post and I'm sure SB will answer himself. Remember he has just got in so did well to avoid PSN previously based on your data.
Fundamental to SB changing his view is a change in the "payout" model for PSN. They are now instead of paying out 100% of free cash flow as dividends, retaining 50% plus in the businees. His argument is that retained investment long term is greatly value adding and is not factored into PSN SP.
The data you look is all historical and whilst PSN have announced the change its not factored into any of the historic data you are trawling.
If anything your data is hugely complementary to the case SB is arguing. Because of the payout policy PSN has underperformed !!
You've massively enhanced SBs position for me [in a good way] without knowing you've done it. Excellent example of the law of unintended consequences !!

Norma apologies replace less than zero with zero.
Not much of a compliment but bad slip on the "less" .
Onward and upward !

Norma let's see the last two days have been promising.
Standalone this is worth £3.50 in cash in twelve months.
Get to £3.50 and the jury's out £4 plus and you can say I told you so.
With respect you offered less than zero on analysis but have allways been polite. So I would ask you to respect the 90% of posters who don't like the deal. Get over £3.50 and you can say I told you so and begin to crow . I hope you are proved right but is button until £3.50 fair ? After that fair enough.

Been 7.75 to sell 60k shares all day. Still feels strong to me

To be fair MasterRSI you have called this up from circa 6p every step of the way. Any advice greatly received by me.

Nicname - yes Saga did not work out well. You are correct.
Just not clear why you bother to post as your back history is one of doom and gloom on shares and postings and you don't seem to have any of. Each to his own I guess. Plenty of ski slope elsewhere to hone in on.
Noticed RevB still going up - sure it's more than master rsi ramping !!

Nic name - tells us it's a ski slope two weeks ago and it goes up 30% !!
Nicname The world's worst tipster. At least he was right. Jog on

7.05 to sell gets to 7.3 and 50% up on recent lows.
Good risk and reward here up to 9/10p

Not a ski slopes though Nicname !!
15% up since your last comment deriding it !!
Must do better !

Thanks Strictly - concur on divi and time will tell on cladding.
I agree on the wheeze I have it as shaving 3% off the sverige 25% margin. And that's assuming its on top of rather than instead of other inducements !
Slow and steady well done on your entry. You will need a lot more to make up for the old ship SAGA ? I know I do

Snoop is just this Boards village idiot so my advice Is just filter him - low IQ type who exists to make mischief. Most have that filter on Snoop
He's right in the sense DELT are not quite all they seem. Really suspect corporate governance far from transparent favour preferred SHs and led by the unfortunately named Mr Swindells.
Like a few on here I will be out like a flash at 4p and with a 3.5p rights am pretty surprised today's news did not get us to 4p.
My thoughts ard actually iz the news poor or does this company's skirting with the rules encourage game playing whether instigated by them or not.
My sell remains at 4p and I will be so happy if / when it's triggered.

Strictly - I read your posts for a while on a number of Boards
You are an expert on HB metrics and in particular the trade off between dividend and internal capital growth.
I'm reassured you are in here I have to say.
Most of my comments are based on wider economic conditions and supply issue on housing and as such are generic. And just a personal opinion.
Do you have a view on cladding ? I know they seriously upped the estimate recently. I worry its adequate.
Many thanks Banbury.

Should read management skin in game -wobbly train !!

Yes -offered 6.51 to sell. That's over 30% above the bottom. As I have posted on here before - no major bondholders manageable debt all supported by Punch assets recent 20p rights
9p very realistic and not far off 50% uplift from here. Management have doing in game to.
Good risk reward some risk but quiet limited

Mike - I have an ancillary role as an audit chair in the public sector. I beleive you have posted previously. Much of what you say rings true but you come across as really risk adverse. Everything is balance as Gohinto says. I'm not blinkered here and am well researched this is a great entry price - the risk is not market or economy related but specific and measurable on cladding.
[In relation to divy IMO market will judge company by results margins and macro economics not dividend.
All the best Banbury

Mike - I have an ancillary role as an audit chair in the public sector. I beleive you have posted previously. Much of what you say rings true but you come across as really risk adverse. Everything is balance as Gohinto says. I'm not blinkered here and am well researched this is a great entry price - the risk is not market or economy related but specific and measurable on cladding.
[In relation to divy IMO market will judge company by results margins and macro economics not dividend.
All the best Banbury