Member Info for Crossley

Suspect it will be 5pm?…..

Good afternoon Alas,

I do hope you are well. When/if you respond to retirment, I’d be interested as to why you are increasing your holding in LGen, as opposed to either, or both, PHNX or MNG. Just a preference or something additional?

Enjoy the rest of the day all…

Porsche1946?

He ain’t posted on here since saying it was going sub £4. Spouting about paying divs from debt on 8th of Jan.

SP was just below a fiver at the time……

Down to cash + 60k

Why would the share price go down to 7p?

Apologies, yes, it’s 16.8p

So, the national debt has risen by 22.7%.

Just realised, this should be 34.3%. You get my drift though?

One way or another he needs, essentially, to get rates down. Here’s something I used the other week, hang on, I’ll paste. It’s from a few weeks old now, but,

In 2020 the US debt levels stood at 26.95 trillion dollars. The interest rate to service that debt stood at 2.3% and cost the grand total of $518 billion, in interest payments, alone, for the year. Fast forward to 2025 and the debt has spiralled to over 36.2T. But, so too has the interest rate for that debt, to 3,28%. For the year, the expected interest payment will be $952B. As things stand, it looks like the interest rates will rise even further, with the 10Y rates currently at 4.15%.

So, the national debt has risen by 22.7%, but the interest payments have increased by 83.8%.

Does Trump wish for rates comparable to 2020 and maybe refinance that debt at lower levels?

I think (ChatGPT thinks) they could get away with roughly 1.3b new shares. At 15p per share that represents around $250m raised.

That’d take the share price down to 7.1p on current market valuation to raise £188.5m. Then a 393% increase needed to get back to 35p

It’s a complicated balance, as far as I can make out. Here’s a couple of links to get started. The one thing that surprised me, was who’s been buying the most US debt since 2014. See second link…….

https://www.investopedia.com/articles/investing/040115/reasons-why-china-buys-us-treasury-bonds.asp

https://usafacts.org/articles/which-countries-own-the-most-us-debt/

Ps:

Aren’t BP having their AGM today. And activist Elliot’s & top 10 shareholder LGen voting against Lund being re-elected?

They want back to oil & gas. Might be worth keeping an eye on if you’re interested?

Well, the Eurozone just trimmed 0.25% off their rates.

Get ‘em down

BP have their AGM where activist Elliot & LGen (major shareholder) will be voting against Lund to be re-elected.

Back to oil & gas?…..

Evening,

Pretty much JDS. It’s both a sell & a buy, it’s a trade.

It is calculated to get the best possible price between buyers & sellers but also to trade the maximum amount of shares.

That’s my take anyway

His "investement vehicle Baker Estates.

All along while taking £1.75m per annum from Baker. They made a killing out of selling Vistry shares, but how literally?

Shame to see Matthew Pratt stepping down.

Suppose it was always on the cards. For me, Redrow was always the better of the two businesses.

Now Barratt’s have bought their way out of a spot of bother, (for not much money!) I hope they don’t blow it again…..

Https://www.investegate.co.uk/announcement/rns/jarvis-securities--jim/sale-of-retail-brokerage-strategic-direction-/8832775#:~:text=Jarvis%20Securities%20plc%20(AIM:%20JIM,(the%20%22Agreement%22).

This sector, if you’re counting (AV, LGen, PHNX & MNG) as this sector, seems to gaining some flavour. Looking at the FTSE value on 23/02, including dividends, AV, MNG & LGen have pretty much recovered to the SP as of that date, PHNX have flown by.The FTSE though still needs to find 6.8% to recover though.Might be a risky sell this time if this continues?……

Clever for Vistry or clever for Greg?

The proposed capital injection would be provided in two tranches: $250 million upon shareholder approval, and an additional $200 million if the offer is finalized.

This funding is designed to help Wood reduce debt and diversify its financing sources, addressing its ongoing capital structure issues.

Jefferies’ data suggests the potential deal values Wood at approximately $1.45 billion, based on its market cap of $316 million, net debt of $690 million, and the $450 million capital injection.

If leases are included, the enterprise value rises to $1.84 billion. Jefferies’ 2025 EBITDA estimate of $432 million implies an EV/EBITDA ratio of 3.4x, or 4.2x including leases, which is significantly lower than valuations seen in 2024, estimated at around 6x EV/EBITDA.

The buyback was originally due to finish on the day before AGM date. 13/05. It’s now been pushed back with no date stated, other than H1/26. If it corresponds with the original plan then 12/05/26. Here’s an extract from the latest report…

In September 2024, the Group announced a total capital distribution of £130m comprising a £55m ordinary distribution in respect of the H1 24 earnings and a £75m as a special distribution. The Group has completed £38m to date and expects to complete the remaining £92m via share buyback, to be concluded in H1 2026.