focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Apologies. I was in the van earlier. Had a revisit and I’d got my figures wrong. It’s looking nearer to 360m of pre tax I think? I meant 80p for the full year although on those reduced figures it’s going be lower.
Stargate. Eg: 60p/ 14.32= 4.18% etc…
it always surprises gary? but a quick tot up on the *** packet it’s looking like pre tax of around 500m. 80p divided to be maintained. just my guess but i’ll have a pop at £14.65 ish. famous last words, it’ll probably drop now. any more takers?
Maybe yesterday’s rise was due to yet more 4% rates on the market creating more competition to push rates lower still. The whole sector is down today (Crst worse than PSN) and probably no surprise with three trading updates in three days?
Best of luck for tomorrow. Let’s see those unit figures and margins. I’ll be back at 7:15 after digesting for breakfast
Morning Steve
Having watched you for some time average down from £22, £21, £19, and so on, you must have some that you can sell at a loss to counter balance profits? Or gift some to a partner (if you have one) that can utilise the 3k profit allowance?
Morning Eccles,
I wouldn’t be surprised if it’s later rather than sooner with how they raised them to slowly? They’ll probably dally on the way down and cause a bit more misery too…
Just the funds in my portfolio (managed) has had a bad week compared to my personal S&S isa. That’s unusual when the markets have dropped a bit. Very unusual
Best of luck for the 10th. Let’s see those unit figures. I’m sure, either way, over time you’ll make a pretty penny. I’m riskily trying to play the sector. I’ll probably make more of a mess than sticking and holding but you’ve got to do what you think is best? A busy week next week with PSN kicking it off on the 10th. Wimps on the 11th and Vistry the day after. I take my hat off to you Christofer. You’ve got bigger ones than I
Have a Happy, Healthy and (I’m sure) prosperous New Year
We will get the unit figures on the 10th. 9000 minimum projected. Based on half time figures of 4249 units and 151m pre tax. If it hits 9000 on the head that would generate 320m pre tax, all things being equal. That’s £1 a share. Don’t forget the taxation situation too. In the days of Jeff, when PSN traded at 3 X PBV due to their 95% payout ratio (£2.35) while the rest of the sector traded at 1.5 PBV. I think £25 (PBV 2.3) is way off for this year? Having said that, PSN has always traded at a premium but I think the days of 3X may have gone, at least for the foreseeable. We shall see. Nothing seems to make sense in the markets these days. As I said, there’s more to share price than current performance but I can’t see more than 60p divided for the full year under their new strategy. Even 80p is looking unlikely to me. Guess we will find out in March, but I am going for 60p. I’m surprised you’ve gone all in on one share in the sector Christofer. Fair play to you though. Still think it’ll be the sector for this year. I’m holding three. Best of luck to you going forward and only my views
Let’s see what the figures say on the 10th. Will H2 mirror H1 giving pre tax of 302m for the year? Maybe Stevebt can answer that one, how business has been going in the second half? I know there’s more to a share price than just current figures but even so, they look some way behind Wimps & Redrow to me on current SP’s?
Well Rob
If it was aimed at me I’m genuinely interested in people’s performances. I also run a book on ex work colleagues portfolio performances in the hope that we all end up in the best place possible. Also, if someone can offer something for me to learn I’m all for it. It’s the only way to move forward
Happy New Year, I hope it’s good to you