The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
For sure undervalued last week at 60p. But 72??? Due a breather....
Slowly recovering from the unwarranted brexit sector hit. Not much newsflow and the exciting Rugby development with Aviva announced late last month made barely a ripple. Very big but 20 year plan? Needs greater impetus if uk is ever to meet its housebuild targets. Probably sp will drift until november results without much news. But good tuckaway. Solid not exciting
Mike its just a feeling really from doing business in asia where ethical standards can differ particularly when making money from non countrymen. But uk has its own share of that esp on Aim! Nothing more. Just a wariness. It wouldnt stop me buying but may be more diligent
In theory at least Pacman when we ask for a price they dont know whether we are buying or selling. And i tend to agree about their buyback price but then if they can pickup 100k at say 10p less they have saved 10 grand. Not a fortune I know in their grand scheme. It does seem a no -brainer as a buy but the Malaysian aspect makes me a little uncomfortable. Not entirely sure why.... maybe the 1mdb scandal!!
Good to see the daily share buy ins of around 150k a time underpinning the shares and todays small rate fall wont do any harm either. The sp got punished when the new Buy to Let tax regime came in but with the inability of the well paid young to get on the housing ladder, rental growth is an ineviability. Shares look cheap.
Strong results out today. Trading update to 30/6 shows revenue 63% ahead of same period 2015, albeit with help from acquisition. Ex acquisition still up 23%. and update for 1st 23 days this month shows good growth. Onwards and upwards...