Member Info for barnetpeter

Price will be known first thing tomorrow morning at 7am. The new shares will be credited to your account next Tuesday.....some brokers take longer to credit your account than others so you may get them on wednesday. You can only buy via primary bid. You dont get much of a discount....price about 255 to 265p. The market may like the deal....or not. This type of offer is for long term holders imo. I doubt you will make much quickly but who knows?

Here is my last PB buy. Today is the FIRST day since that CSP has been above the 335p placing price. Its been down to 280p.

Offer closed on
22 Jul 2020
Consumer Discretionary
PrimaryBid Offer
LON:CSP
Offer price
335p
Discount
6.7%

Trumpets blare....today is the first day this has been above the 335p placing price. Been a wait....

Plan to close them at 10pm or so it seems. Now falling below 50p. Will top up at 45p myself as I think the current price and discount take into account everything....

Only 95 to buy now. Looking weak and I wont average down until 80's. Still like the company and not worried about the fall. Very volatile

Got spiked here. Looks like going to about 0.8

So I am going to give this a year.....it might turn into a big winner and there seems to be cash everywhere.

May end up lower today. This is what I wrote elsewhere:

"Well-capitalised debt-free balance sheet, with cash at 30 June 2020 of £197m and PPP portfolio of £41m". From the statement today. I freely agree with you about the low margin business and it is (rightly in my view) valued as worthless by the market. The balance sheet though. No debt, bank facilities repaid and cancelled and no pension liabilities. I don't like the business or the industry and I am pleased to read they are being very selective about the contracts they accept. I would like to see them agree LESS contracts not more (how many companies would you say that about?). But that is some cash pile and the return they get on it will cover most admin costs. Someone must be looking at the company and thinking they could do better. No placings here. A bid of 185p plus perhaps and we would all take it and run for the hills. In my view, well worth a look to buy and hold on a year timescale even if you hold your nose about the construction sector.

This is where you get the conflict. Shareholders would probably prefer to close down the business, sell everything and return cash rather than just lose money. The directors and employees obviously want it to continue. Will this ever make money? Not on loss making contracts. Or 1 or 2 per cent margins. Good luck to us all in the morning. We will all want to see how much cash there is here.

we will know tomorrow!

The share price is under a lot of pressure. Just managed to hold on to 50p today. The shorts think we are headed down to 40p or maybe even 0p as equity is wiped out. Maybe they are right.....it would help if NRR gave regular updates but reit BoD seem to be an arrogant lot.

look at those late sells. 200K in total. Our seller wants out.

Can see this going to 0.4....is the company really worth that amount. I dont know. I remember the good days of HH here. I had a few left originally bought at 0.45 and a load I got recently below 0.08. The Welsh gold mine has to be worth plenty I guess.

They might have something here and hardly demanding cap. I bought GGP years ago for 0-09p. Look at it today. I hold but from 3p not 0.09. Gun might go to 2p plus this week as PI's look for the next big gold play.

I wrote to the company

"I'm afraid we cannot comment on the share price, but I'm sure you are aware we have been impacted like many others by COVID-19.

We believe the disposal of the housebuilding side of the business left Galliford Try in a strong position, being a well-capitalised standalone construction-focused group. To note, the share price rerated on completion (3 January) where shareholders received shares in Vistry alongside their existing holding in Galliford Try.

The next scheduled update is our FY Results on the 16 September where further detail on the company strategy and recent performance will be available".

I think we all have to accept that if the results on wednesday are poor then this could crash below 50 pence. If the cash turns out to be a phantom and they talk about having to urgently raise more etc and that they owe loads in vat etc. Easy to dismiss that but the mkts were burnt by "the largest ever trading liquidation in the UK"...Carillion and other similar companies that had a stack of contracts all at a loss. Even today with results on wednesday, the price is down. None of us know where this will be in two days.....either things will look good or we will get burnt.

Sure this will be over 2p on Monday.

The low today was just 51.70 so I think 45p is now likely. They cannot stay a REIT if they dont pay a dividend. That is a problem.....they have gone from a low risk property reit paying a good divi to a high risk diverse company paying out nothing. The directors are paying themselves far too much....this is the issue for this type of company. Good salaries in the good times but directors dont want to give them up. A common issue in many companies. The Board needs to slim down too.
After the disaster of Intu, HMSO looks in big trouble. The expectation that investors will pay up 15p per nil paid times (24 I think). Except the price closed at just 23p today so another similar fall and there will be not much point. I think hmso is in big trouble.

NRR should have raised new money at about 65p. Now it would struggle at 40p

That is only another fall like today .....by that I mean from the high of 28.27p. Going to be close. There is a little time value in the nil paids but not much.

5 billion takeover offer not that long ago....

When do the nil paids expire? Am I right in thinking that if the price here falls below 15p, the nil paid will be worthless and wont be worth taking up.....in that case they will not be able to be sold in the market so holders will get nothing back? That is only another fall like today so it would not surprise me at all to see this fall to 12p.

From 201p in February this year to below 80p .....complete loss of confidence and belief that the crown jewels were sold off leaving a load of loss making rubbish. We will get an idea soon.