Member Info for Beza

Broker price target of 1550 published this morning.

Broker notes from Deutsche Bank on Safestore and Big Yellow today with share price rises. Good!

The Times covers BMY today and says avoid..

…probably because the EU know they need America’s military support until they get their own armies up to the strength so in reality, they had little choice.

Nothing surprises me.

I hold Rio, AEP and CAPD and they’ve had a great run over the last week but no one seems interested in BISI.

Mining (including coal) stocks seem to all be highly this morning, continuing the decent over the last few days. Hopefully we’ll see some of it reflected here soon.

Results from Big Yellow this morning should provide support here. Steady as she goes.

I would’ve thought that we would be seeing this up today, along with the other mining companies.

Warren, I’ve no idea what profit and eps figures will be announced but I wouldn’t be overly concerned about this. I mentioned that this happened to AEP and apparently they use the same auditors.

I’m not sure whether it’s because people work from home or auditing rules have changed but this is something which is becoming more common.

This is the second time this year that a company which I have shares in have had to delay because the auditors haven’t completed in time.

This seems to be happening more often.

With my other (AEP) things have pretty well so I’m hoping for a repeat here!

Bit of profit taking going on this week?

Land Securities agm on Thursday, which may include a trading update. Although not a duplicate business the results may have an effect.

I agree, one to watch. If the eps is going to fall into the 40’s (pence), surely a divi cut is on the cards?

… yes I read this morning. For the medium term, the interview is quite positive.

… and when they talked about a potential mining opportunity are we talking non coal?

Thank you for sharing Edward.

Did the board share their thoughts on coal price predictions?

Stockopedia has 51.8 and 64p EPS forecast for ‘25 and ‘26…

Hi Mayfair,

I should have made it clear that I was referring to the payout relative to the eps.

I believe next years forecast eps is about 52p but the divi is 58/59. Good that they have the cash, a nice buffer but looking ahead they need an increase in eps or give the divi a haircut!

Am I right in saying that the divi is not covered and hasn’t been for a year at least? If this is correct (?) then surely a cut to the payout is on the cards?

Morning Edward,

I hope the AGM provides the right answers to some of your questions.

It sounds as though your friend has gone in big time on BISI (and to a lesser extent, yourself) so I hope it becomes a worthwhile investment.

I have a holding here but even the fundamentals look pretty reassuring, I don’t think I’m going to add. The lack of shareholder engagement makes me certain that there are better stocks to invest in.

Best of luck