Member Info for CJ66

I'm afraid I can quite see the selling, but hopefully it is a temporary blip as currently I'm holding on.
They have turned from being a promising stable business to one who doesn't seem in full control of what they are up to. Dunemis is low margin, power delays, electric charging points etc vs previous loads of small profitable projects + asset mgt cash cow.
The price falling over the last few months indicates people closer to things seemed to know something is not going right, and to announce on 28th March that finals will be 4th June - to then only to say on the 3rd June that they are delayed due to 'complexities' until July smacks of do they know whats going on under the bonnet.
Despite re issued guidance of profit figures - I wouldn't be surprised if goodwill write downs etc start appearing and then a slow down in business warning - hope I'm wrong, but a balance needed to the rosy tinted specs...

Yes it is a bit of a guess, but the overall market is not usually wrong in the end.
It does look as if mgt have made some risky decisions in order to make the group larger and theoretically more stable.
The Dunamis business is now clearly stated as low margin - particularly bad if capital equipment overhead is lying idle.
The last update mentioned capacity market suspension - which will probably drag on.
Both the smart meter and the electric car meter initiatives sound like classic promise this and actually get about 25% of this after outlaying already for the capacity.
The long term picture of both the standard business and asset ownership looks good, but I have to say the additions they have added look suspect at best and could have expensive write offs if wrong - which could set them back several years. Hope I'm wrong, but I must admit I'm not currently tempted to buy more until these show signs of delivering!

...and just to add as a chuckle (as long as not you!), the trades showed instant ramp up and e.g. 1 automatic trade through for 5000 at £2.17,
and then another following few trades selling at £2.04
with the market makers prices showing as £1.99 to sell / £2.17 to buy, instead of the usual spread of 1 or 2p !!
No doubt they will claim they were helping to stop volatility...………..

Seems borne out Augustus,
nothing exciting, but a good steady performance with a decent (and now realistic) dividend for the share price..
I'm not convinced the NAV will add much - it may well always trade like this (as does say PPH), it's fairly theoretical and is often a hungry consumer of money if your assets get tired and old, whatever the property value + however justified or not will carry a 'foreign' risk.

Don't actually mind either way on Brexit as it becoming a non event (or at least a can't do much about it event) - but would prefer that Habib would concentrate on running FPO rather than wasting time on the EU elections.
This small companies quick dealing and long term views do seem largely influenced by him - complete with a fairly tight family support etc as well !

This could be another bargain - as bought from receivers - and is where they and Portmeirion bought their Furlong holdings share from.It seems it had a t/o of cica £20m and made a £2m loss.This would have been a considerable competitor, and picking up the name / brands & new accounts + pick of machinery without the rest of the baggage seems excellent - especially as they hadn't planned for it - '...complementary to our existing strategic plans).Looks good to me for another £1 a share when it sinks in, in due course

Yes good post - this gives assurity on mine life - as ever the key though is Zone II which could then entail a whole new workface and ramp up in output/profit & asset value.
This is why the share is really worth holding / buying - we have however been waiting at least 5 years, and even the chairman has stopped speculating when - but when/ if it gets the green light, then the price will really fly.
I think this is also partly why the reluctance to start splashing out all the cash in a dividend.
(cyclical commodity prices aside!)

If it follows last year a mid April end of year update, but finals not released until July.
Note today Invesco up to over 29% - although not saying it likely they would put in a bid - but it does provide them with a very strong 'swing' position for anyone else, if the shares start to look massively undervalued.
Having taken the recent downside, I don't want the rug taken away just for somebody else to reap the upside!!

I agree Vulcan - the price has long been trailing the progress,
and with 115p NAV + 8p dividend this should be at least £1.16
An impressive gain for a REIT to go from £1.06 to over £1.15 which takes into account the paying 8p dividends as well.
There is a good breakdown of the elements on about page 12 of the results.
If you want to be critical the Rent is 14.6p less admin & finance at 8.9p = only 5.7p so the dividend needs more cover,
but disposal gains were 6.2p & value uplift 6.4p so they were impressively active = Brexit who?

Rumours are at around £1.80 to £1.85
This is good against the pre bid price, but pretty miserable depending upon when you brought the shares (even allowing for generous dividends). I.e £1.90 last March / £1.95 March 2017 / £2.35 Mar 2016.
With a hotch potch of assets including falling retail ones - the results in April indicate a lower NAV and dividend cut.
I'm afraid this all points to Cromwell buying it on the cheap looking longer term as it doesn't seem to have done much wrong in a difficult market, but the high yield doesn't seem to have kept up the share price - therefore it looks curtains to another nice long term dividender to me!

I think it's called trust - remember they issued 16m shares at £1.98 in January 2018.
Ory was to full of the how wonderful everything was and slow to realise and/or slow to tell the market when things were not going to plan. That why I would also agree with spacetec that £1 is nearer than £2 - they will have to work doubly hard with actual results (think PE ratio) rather than promises to get everybody on board again.
In terms of current sells - some of those may also be people buying at the bottom and selling on the way up - a profit is only that when you have cashed it in...

This could be due to the dire profit warning from fellow 'feed producer' Wynnstay as much as Brexit or other excuses.
The AGM statement was in line, the engineering side seems to be very positive and I suspect Wynnstay's warning coming out of the blue might have a whiff of poor management as well - if so this could be a buying opportunity for Carr.

Shame this share is largely ignored - it has always looked after it's small shareholders (returns of capital etc)
paid good dividends and is tightly run, but now has a pe of 8 despite a rise from 30p.
I still can't understand why James Halstead walked away when on a pe of over 20 - and could have had a huge fillip by probably succeeding around 70p.
Especially as it would have opened up a new area of flooring for them - oh well, I suppose I will have to make do with my 5%+ dividend.....

Small shareholders always cry out for Open offers so they can participate - but how come the one chance that comes along is higher than you can buy them for in the market !?!

The offer will no doubt go through but I will vote against it for sure.
Price 3 years ago was £2.20 (and has been £1.95 this year) - meanwhile it's chugged along - now it's shown signs of coming to life and growth prospects - hey presto a bid vehicle arrives!
Whilst we have had decent dividends along the way - the respect for small shareholders is once again ignored.
Bid should be £2.50 at least....I will have to find another supposed dependable decent dividender!

Maybe interesting to see after the 2pm investors call - but hey, medium term this looks onwards & upwards whatever the daily bobbles....

With you there Redrichmond - I have been in here since £1.20 days and it hardly moved more than a few pence for about 3 years - now it regularly moves £1 a day, up & down - will just hold as a good diversifier from normal economic environment - but only long term.

I think the down is largely because people get overexcited, and I'm glad that unlike some small miners AAZ have always been fairly realistic, even when things were dire some 3 years ago.
People on the boards were talking 90-100k oz's of gold 5p divis etc - but this share was 35p a year ago / 5p 3 years ago - but now has a fairly high PE ratio for what is still a somewhat risky play.
Lots of positive potential - but ups & downs / profit taking etc all part of shares - whilst hopefully the EPS will catch up and push up the share price along with any positive future projects - still a lot to like medium / longer term...

You can get bricks from abroad - but your paying a lot due to low value bulky, very heavy product. Michelmersh have themselves exported bricks - but this is more likely as they are specialist, higher end.
Perhaps as much a danger is people like Persimmon planning to open their own brickmaking plant, but again the key differentiator for Michelmersh is to concentrate on the more specialist and often restoration, repair market.
The other potential danger is housebuilders not using so many bricks if the trend to start implementing more of the modular off site building materials - to my old fashioned taste I would always prefer bricks - but with the price of houses they will do anything to make them cheaper, and as long as they still look like a house! The 1970's showed you could get away with fast build mediocrity for quite a few years....

Just one word of caution - The GEO production guidance for 2019 will be crucial - Madgpol puts this at 90-95k a reasonable circa 10% higher than last year - but note that the final quarter of this last year came in nearly 25% below the previous years quarter (albeit that was high), but no real explanation was given that why with the new equipment etc they only managed 15k production?
Don't get me wrong I am very positive on aaz - but it might be this which is keeping people cautious - because an estimate of say 85k will look disappointing against what are now high expectations