Member Info for Blades2323

17p on a £1.70 share price gives a 10% annual yield. And to think the tangible book value per share is double that at £3.42.

CRST is the best value stock I’ve seen in a long time.

*will cost the company £43.6m.

17p per share, still a 10% yield based on todays SP.

Will the company cost £43.6m. Profit expected to fall to £50m, so is still sustainable even on the lower profit forecast.

Mr G, it is now, time to load up :)

6% dividend is not good enough when you can get that in a savings account.

Crest Nicholson is paying a 10% dividend, and going ex dividend soon.

I don’t know what the payment terms are in the building trade but I’d guess either 30 or 60 days? So if there’s a dry spell (which there is) how do they pay the creditors on time?

Compare that to bank borrowing that might not need to be repaid for years. In administration, the shareholder always comes last whether the debt is secured or not.

FF, you can’t just discount trade payables as debt. Trade payables are the riskiest form of debt because it can be called in at the drop of a hat if the supplier went bust or the customer switches suppliers. Bank borrowings are far less risky.

I wouldn’t wait until 2009 lows (£2 or thereabouts?) but equally I think it will drop a lot more yet and I intend to start buying at £5, or when inflation falls considerably.

You can now get around 5% risk free return on savings. Equities just aren’t worth the risk imo, particularly those with a lot of debt.

Mike, because renting is a trap. People can’t afford to save a deposit as well as paying extortionate rent.

Buying a home to live in is the best financial thing anyone can do. It’s security. No landlord forcing you out etc. Over time the property will appreciate tax free. It’s cheaper than living in a camper van as someone suggested as it will last your lifetime, and more, camper van probably 15 years and it’s had it.

What Caused the 2008 Financial Crisis?

The 2008 financial crisis began with cheap credit and lax lending standards that fueled a housing bubble. When the bubble burst, the banks were left holding trillions of dollars of worthless investments in subprime mortgages. The Great Recession that followed cost many their jobs, their savings, and their homes.

I’m getting DeJa vu. People have been lent 4.5-5x their income cheaply to buy houses they can’t afford at these high rates. As people have to start remortgaging, more properties will come to market and the falls will accelerate.

M