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Not if it's in an ISA!!!
Still think they are undervalued compared to other utilities.
Agree appear to be managed by a bunch ot tree huggers (-: They could of laid out a plan to say they are returning some of the money to shareholders starting next april for example. For crying out loud if they want to buy another water opportunity they can borrow at dirt cheap rates anyway!!
It is sensitive at the mo but even a small gesture would be a start...........the money came from Viridor sale not the water business.
Agree.....they really can't keep fobbing the shareholders off........they have all this money and stil have not given a penny back!
Do not know what they are up to but someone defo wants out, volume high again. I think need to be sure the mid 270s hold before topping up. It is oversold according to the technicals but when it will reverse? Likely only when whoever wants out has finished.
They only gave a circa 7% discount on the previous close and the MMs raised the price up leading up to the placing!
They said they had spoke to the major shareholders about the placing but it looks like not all agreed?!!
271 an important level.
Taking the p aren't they, 16.7% dilution with a placing only 6.7% lower than yesterdays close! I did try to sign up for some but was to late, glad I was now.
Having worked on housing sites for years, it's a lot easier to talk about social distancing than actually doing. It will be unlikely to last and they will end up closing again. The sub-contractors are not going to be able to make it pay, unless they renogatiate their rates. Eg how does a tradesman pass another on a scaffold that is less than 1.2m wide.
Making sure the company survives? Are you for real.........if PSN can't survive with help to buy, cash rich etc none of the house builders will. I worked in construction, you do realise that the majority of the people that work on PSN sites are self employed so no liability to PSN. Their staff will be PAYE which are now getting 80% salary. Many retail shareholders believed they would be getting that divi payment and need it, it is bang out of order, no future payouts fine but to scrap that existing one, unforgiveable.
The system is rotten/corrupt, the authorities should go after them, Bloomberg should be forced to co-op, until someone gets locked up for a long time this will continue to go on. Interesting the way the price climbed just before Bloomberg annouced, as someone said, likely shorters closing.
I was keeping an eye on this with the Capital markets day approaching, thank goodness I didn't dip back in. The foreign currency business is clearly a balls-up. I wonder if the brand has had its day? Sentiment now very poor this could be a falling knife job.
It would be nice but no chance of bid over the weekend as it would be seen as insider dealing by the BOD! I bought a few here today at 162.