Member Info for Crossley

Bob, if you stick this heading into the search engine and click on Peter bill on x you can click and read the article

Not sure if it is of any relevance to you but, if you didn’t know, your allowed to ‘earn’ up to £6000 in interest per annum tax free taking your threshold up to £18570. It’s handy if you have cash your not willing to gamble or will need further down the line?

Sotonspike,

Surely you can only draw £12571 - rental income to avoid paying any tax. Although you get a £1000 allowance if you’ve not spent above that on the rental property. So, in your case £13571- rental income to remain under the threshold?

Prudential plc (the "Company") confirms that the share buyback programme that was announced on 23 June 2024 and commenced on 24 June 2024 (the "Programme") has now completed.

Since the commencement of the Programme, the Company has repurchased 81,403,648 ordinary shares in aggregate at a volume weighted average price of 657.45 pence per ordinary share for a total consideration of approximately £535m.

Held here since late October 23 with a special thanks to Farage. See more legs in it and dividend increases. I look at the financials of HB’s and cannot see anything but dividend cuts tbh. It’s going to get worse in 25 too, what with the NI increases and inflation creeping back. Although Wimps looks in the best position out of the six I watch. Wimps looked to be treading water, or did. I can’t see where the 84 million net cash went between the July/ November updates. They’re not replacing their land banks either, they are pulling most from the existing and still the net cash is falling?

As we near the end of another calendar year, I have the strong feeling that LGen, yet again, will be in the relegation zone of my holdings. Bottom three, for the third year running, when it comes to the end of year analysis. Strange then, that I continue to hold. Why do I, I ask myself?

After making my first purchase back in June of ‘21, at a price of £2.42. Oh, it seemed so cheap at the time. Followed by another top up during the LDI fiasco in October’22 at the ‘bargain’ price of £2.08. Where has this all got me? Well, excluding a sale that I’m not going to include, after all, that was my good judgment, rather than anything L&G has done itself . The facts and figures: That initial investment, including dividends, has paid me a grand total of 21.24%, over 41 months. Equating to a return of 6.216% pa. The latter, a return of 28.54% over 25 months, so 13.70 pa. Stuck together, and averaged out, 24.78% over 33 months, so 9.01% pa. It’s far better than any account I can find anywhere else. Maybe it’s the security of the tight ranges compared to other investments I make. Such as Rio Tinto, bouncing around between £45 & £63 quid. Or house builders such as Bellway, £17 one year, £32 the next, then back again to somewhere in between. I’m not sure why, maybe one day this thing will return to something that I consider true value. £2.76 minimum by my reckoning, compared to the FTSE close of today. It sometimes does feel like treading through mud though. Although, at an average of 9% a year, should I really complain for such a steady, and almost, predictable ship?

Wow Porsche. That’s one of your least destructive posts. Almost upbeat for you! I’m still sticking with the notion that Labour will need to release cheap land at knock down prices to stimulate the sector. I agree, the dividends of the past are long gone but, the sector will continue. Houses will be built. They will have to create some incentives at some point going forward.

Morning Christofer.

Hope you’re alright mate. If memory serves me right, PSN spent quite a bit of its time around the low 12’s when they cut the dividend last time? Did go lower but most of the time around that figure. Hence, my post yesterday. I think if you were buying in today you’d consider it a decent entry price? I think everything is just going to get shoved down the line a bit. Inflation will rear its head again, so the timelines will be that bit longer for the sector to recover. Labour really need to get their act together if they want to build more homes or not. They seem to be saying one thing then doing something counter productive to achieve that at the moment? If they’re truly aiming to deliver the homes they say, they’ll have to create some incentive at some point. Builders are not going to want to build homes for nothing, or ever decreasing margins?

All the strong fundamentals are in place.

Except the all important financials. Not going to keep going over it. Dividend will have to be cut here, not just here, most, if not all the sector. Back to the low £12’s I fear

Thanks Armani for that.

Well, Vistry’s update is not being taken well at all

This time last year Persimmon had 84300 plots on the land bank. It’s now 81500. -2800 plots.

Again, this time last year they stated that net cash would be 300-500m at year end. This year, 100-200m.

Let’s take the mid of these figures, 250m.

So, basically, they are not replenishing the land and they’re building on and they’ve burned through 250m in cash. With only 150m cash on the books for next year and a dividend cost of 192m based on a dividend of 60p where do we think this is going?

The only hope I can see is cheap land released by the current government to increase margins. Happy to be put right on this?

Certainly encouraging support for CRST today compared to the rest of the sector

I shall be reading TW’s at 7am and take things from there. Best of luck going forward. I still keep tabs on CRST’s board

Oh btw, got my FA popping round in half hour. He’s made a killing on DJT after buying in at 12 not so long back. That’s gonna skyrocket now!

Hi RM,

Strictly is yes, although he seems to keep to the blog mostly these days except for the insurance boys, mainly the LGen board. Think he’s moved away from HB’s altogether for the time being and into there. Nicely played on the CRST thing. See themselves, Bdev and Vistry have hit yearly lows. TW & BWY the lowest they’ve been for six months or so. Tough times ahead I think. Financials not looking to good and the taxation has increased massively. Looks like they may have all got ahead of themselves a little? Time will tell I guess….

Hello RM,

It’s been a while, all good? Something doesn’t look right to me here with the net cash. It doesn’t look like it’s WiP as that’s up 5.8%. It doesn’t look like land purchase either, unless they’ve put a load by to buy before full time. Although by my reckoning, they are paying nearly 11k per plot more than this time last year.I’ll have another look later. Any thoughts?

Net cash dropped 7m from Half year 23-24 to 350m.

Now anticipating 100-200m net cash by year end. Where’s that 200m gone if it’s 150m ?

When I wanted to move mine, I googled it, compare SIPP’s and it came down to II or A J Bell. If you do the same it gives you charges so dependant on pot size, trades, general cash held you should be able to work out what’s best for yourself? Don’t think there was much between the two for website/app use

Congratulations to him and congrats to yourself. Very lucky! I’ll have a stab at 19.95p based on the policy and last update

Happy to hold here. Best performing share of this year for myself. Second best on the FTSE? Over 120% in 53 weeks and a 10% dividend. What’s not to like. Still more to come I believe. Am I right in thinking, this years div should be just shy of 20p all things being equal?