Member Info for Beo1

Considering the ROCE is below the coupon values then it would make more sense to pay them off.

Well that quickly turned to red after the US open.

So the market disliked the call so much it over doubled our drop today, God helps us

For me its what didn't we know and therefor effectively priced in.

Negatives, Germany decline has sped up since Q3 and we aren't at the bottom of that yet it seems. Guidance for next year is flat, so they aren't expecting any quick turnaround. Somebody mentioned the 15% increase and seeing how the call plays out, but if some areas are seeing 15% rate increases and yet the immediate outcome is flat then that means its only offseting other drops and/or offset by severence costs.

Postives, net debt down materially with other strategic options in play to reduce this further, Dividend maintained with no mention of it being culled. Free cash flow is strong, taking profit as the dividend cover in isolation implies the dividend is too high, but with free cash flow of £3b to £4b its not unsustainable. The fact we still hold a majority interest in the towers business but was able to recognise a large gain and net cash consideration, whilst still able to recognise a decent amount of future profits as the margin on this business was highly accretive to the EPS is positive too. (albeit with a minority interest deduction).

Still seems a hold but any returns to 120p + are some way off for me unfortunately

For me its what didn't we know and therefor effectively priced in.

Negatives, Germany decline has sped up since Q3 and we aren't at the bottom of that yet it seems. Guidance for next year is flat, so they aren't expecting any quick turnaround. Somebody mentioned the 15% increase and seeing how the call plays out, but if some areas are seeing 15% rate increases and yet the immediate outcome is flat then that means its only offseting other drops and/or offset by severence costs.

Postives, net debt down materially with other strategic options in play to reduce this further, Dividend maintained with no mention of it being culled. Free cash flow is strong, taking profit as the dividend cover in isolation implies the dividend is too high, but with free cash flow of £3b to £4b its not unsustainable. The fact we still hold a majority interest in the towers business but was able to recognise a large gain and net cash consideration, whilst still able to recognise a decent amount of future profits as the margin on this business was highly accretive to the EPS is positive too. (albeit with a minority interest deduction).

Still seems a hold but any returns to 120p + are some way off for me unfortunately

Yep, rising interests means they can improve the interest margin % and an improving outlook for the economy should mean less insolvencies and debt write offs, can't see wear the bad news was here (with the exception of the treasury bond loss if liquidated being higher). But i can only assume the jitters around PACW and other US banks has hit us again

Well the past is the past, for me out of those 3 which have the potential to grow the most? is it the 2 companies who have already seen over 300% growth or the company that is down over 50%, who have clearly identified areas for improvement (divestment in some area's, mergers in others), will they work? who knows but for me there is more upside than downside at this point

Considering we have been trending downwards all week and again today and your 97p requires a +5% uplift then i'd say your closer to 2 fat ladies than your are lucky 97

You have your opportunity it seems.

it was on e& call, just there intention to "perhaps" raise it to 20 or 25%, but probably no further.

Just seen this myself, surprised the SP hasn't really been affected by it

Really hope this guys stay the course, give the hedge funds shorting them a bloody nose

92.75 for me

Its similar to the old saying sales = vanity, profit = sanity. but in this current climate its Profit = vanity, BS = Sanity and it doesn't matter how profitable your business is if your balance sheet disappears then its bail out time and zero recompense for poor shareholders in that outcome so share price takes a hit.

Unfortunately UK Banks and UK Plc are so out of favour, im not sure BARC will get to 180 in the short to medium term. Best results for x years only moves it 5%, but jitters over another profitable bank send it down 2.5%. Literally takes great news to move it up slightly, but some bad news on another bank can force it back down. Now we have another 3 months before we can reassure the markets with our results, will market apathy come back before then, not sure it will

Its crazy really, NWG posted better than consensus income & profit, but because deposits are down the market gets jittery. This is the same NWG thats 40% owned by the government, so probably the least likely to have a run on it IMO

How to say you dont want a CEO without saying you dont want them as CEO.

In all seriousness though, if the higher-ups are thinking on making her CEO full time, then perhaps that's an indication they can see some turnaround that those on the outside are privy too