Member Info for Crossley

I’m not sure many businesses were ‘ready’ for something like Covid to appear on all our shores. And quite a few were not equipped to handle the situation, financially. Particularly within this sector. A total shutdown of all economies/ countries worldwide and over a timescale that nobody could predict at the time, a rare occurrence, hopefully, not to be repeated. RYA did well. On the scale of the buybacks, IAG would need to repurchase 2.867 billion shares to return to the share count pre rights issue, at a cost (on today’s SP) of over £8.5 billion. So, a lot more buybacks required to hoover those additional shares up. I believe with cash and cash equivalents of €9.8 billion on the books, they’re well equipped in that department. Profits, currently, are very healthy. They must be doing something right if the PAT (profits after tax) are 50% higher than RYA while the MCap is barely half.

Would like to see the debt levels reduced quicker than buyback purchases myself and I cannot see the point of the dividend, at all. Personally, I think IAG looks healthy financially and fundamentally sound.

Looking at current and future, projected P/E ratio’s it still looks decent value, to me at least.

Yours sincerely, a Rolls Royce employee for 60% of my life…..

Anal list fairy, lol

For anyone who is unaware how to work out dividend yield:

(div) / ( sp) x 100 =

So, M&G: 20.1/254.8x100=7.889

Brent is down 2.5% in the last two hours….

Oil is up. Over 7%

So Bigred, is this some personal vendetta against MD or whatever they call themselves these days? Or have you some fundamental facts to back up your claim. I’m interested now, after all I’m up over 44% in a couple of months. I’d hate to lose that gain. What you got pal? Anything? Figures please

£2. That’s 13% above my average of £1.77, in two months and two days. Then, on my personal average, that’s a dividend of 11.58%. Can’t lose either way, even though you ain’t got a clue what you’re talking about. What a plum you are…..

Link not having it. Basically everything up, except revenue, slightly down. Net debt up by about £60m, which seems commonplace for most HB’s at the moment. Overall, a positive, sector wise, for now at least…

although i’ve never really rated crest on a fundamental basis, encouraging update, if anyone’s interested?

crest nicholson hdgs - half-year report #crst @crestnicholson https://www.**********.co.uk/rns/announcement/cf8bcf0a-0b73-4795-a48f-9664c0735580 #********** undefined

Big Jeff (fairburn) and his persimmon bonus just got a mention on Jeremy Vine

Just had a quick look at the buyback. Since 06/24, to me at least, it looks like they’ve repurchased 157m shares. The $2 billion buyback is about £1.48b.

If they’d purchased those 157m shares at £9 they’d have cost £1.4b. For once, it looks like a buyback that has been a well timed exercise

First bought Jan 24. Thought that was about the bottom at £8.34. Bought again Jan 25 at £6.12. Thought that surely must be the bottom this time. Mine too, right up there with my leaders this year. Long May it continue. Said I’d give it three years, half way through

All eyes on Rachel Reeves at lunch time I suppose. Another boon?

One eye on Ibstock brick myself this morning. -15% after update

And upwards. £9!

On a slightly more negative note, I see this is due to come out. Something I’ve been concerned about for some time. (The additional costs to HB’s) that’s coming down the line.

Bellway’s margins are 10-11% at the moment, with PSN’s around 14%. They will not want to give too much, if any, of those margins up. But how high can they push asking prices, to counter act? Something to keep an eye on.

https://news.sky.com/story/half-of-sme-housebuilders-to-be-bust-by-next-election-report-to-warn-13381223

Seen this the other day. Something like 113k trades. Looking at the volumes, there’s about 6.5million traded, of which approximately half was in the first half hour or so. Suspect most are those little 1,2 or zero trades. Most annoying…..

Nice leg up today on Bellway’s solid results. I suppose the margins were never going to look spectacular, at least it’s a step in the right direction

Eckie8,

Unfortunately, LGen received a negative update today, maybe that’s the reason? Again, unfortunately, these things seem, have an effect…

Hi, here is something I thought you might find interesting: - https://uk.investing.com/news/stock-market-news/jpm-remains-positive-on-uk-domestic-banks-4122211

Pesonally, I think it’s sentiment towards the large dividend payers, (LGen, PHNX, MNG & AV). L&G are still 10-17% behind the other three on SP and total returns YTD, although starting to catch a little of late. Will the gap continue to narrow?