Member Info for Crossley

Still have two or three purchases left here. For now I’m sitting tight to see if Citi continue their aggressive approach. £45m in two trading days. You’d have to suspect they’re propping the SP.

Whoops,

The intra day low was £15.70 on the 12th of October. Ironically, one day before another memory someone asked about only the other day on another site.

Anyway, have a great weekend Bellwayers..

Morning,

I’ve a busy weekend ahead so shall re visit all this on Monday and hope to get some thoughts/feedback.

sg, it’s encouraging to hear the ‘family’ are confident.

The instead day low, these figures always get stuck somewhere in the grey matter. I had to find out,

The bigger question for me is, why? Why did Citi spend approximately £22m of the allotted monies yesterday? The SP wasn’t cheap. With that gung ho approach, they’d have swiftly got through the funds in a few weeks. Did Citi drop one with their algo’s?

Maybe sg,

It could still go lower though. In 2022 didn’t it hit mid £15’s around the time of the Truss budget?

I did set a cheeky after hours buy at £17.75 to see if the U/T might drag it down, alas, it was cancelled.

Two questions,

1:Do you not see build cost inflation rising due to the conflict?

2: Do you see asking prices continuing to rise?

I’d ask your AI to recheck its numbers Roofer?

Only 2M we’re on LON

Afternoon Stevie,

I’ve no doubt about Relx’s future. It was more just an immediate observation of the current status. It appears, at least to me, when immediate markets seem fearful (downwards), Relx seems to perform reasonably well. When slightly more optimistic, less so. Back to those safe haven views I highlighted not so long back? It does make me wonder (got both names in!) though, if all this gets resolved and everyone piles back in, at least short term, if we may seem some short term pain as people jump on to the likes of IAG, house builders etc, that I envisage might happen? I guess we shall ultimately see at some point..

This stock seems to rise when the general FTSE falls and vice versa at the moment through these turbulent times

That’s just notice of the cancellation of shares from the last buyback. The current on continues

After dividend deduction it’s only down 3.4p (£5.95). It’s holding up better than LGen, SL and MNG at the moment, and against the FTSE

Morning Trotsky,

Indeed. Auction..

Wow, licker you’ve nearly got as many ticks as days the buyback has been running, lol

Evening,

Yes, a decent bounce after a truly awful day.

I must say though, I've just read what's been written here over the last day or two, and I personally think it's a bit out of order to be honest.

Someone asks Strictlybricks for their opinion on the update, that they kindly take the time to give. The ones that do not like what has been written, then go on to say there's an ulterior motive. What's that all about? I for one welcome two sides to a story, so long as it's constructive.

On another note, hello RM, I do hope you're well. I seem to remember our paths crossing many moons ago over on CRST.

I hope the days have treated you well. Let's hope for brighter and more stable days in the near future.

Best of luck moving forward

They are reporting on a weekly basis. The next, if the sequence carries on, will be the 30th..

https://www.londonstockexchange.com/news-article/LGEN/transaction-in-own-shares/17515883

If you look to the purchase of Coutryside (and the previous purchase) for example, you will see the increase in intangibles and goodwill, and how they increased from before and after the purchase. The goodwill is effectively the ‘extra’ Vistry paid over the true value of Coutryside’s assets etc. Then in the intangibles you’ve got things like brand usage etc. Going back to the first post, the tangibles are physical assets, the intangibles aren’t really worth anything if the company was to be broken up. Maybe something in a takeover situation, but they’d never get the worth that’s on VTY’s books. Maybe ask AI to value the goodwill and intangibles if the company ceased trading, or taken over. It would hopefully give you some explanations? If you look to Bellway’s books (the purest in the sector) you will see they are ‘clean’. No brand, machinery, nothing. Just pure tangible assets. Hope this is of some help?..

Yes all good ta, ah IAG. I struggle with that forum tbh, what with the Crankies always at it, but have been know to throw a few figures there from time to time. I’m hoping to buy back there too when the time seems right, just not quite yet. I think all the builders are getting put thru the ringer at the moment, not because of their current performances, but the fear of what might lie ahead. I actually ran a scenario today for Bellway, if their average asking price would have remained constant (same as last year) and the effects on the operating profit margin and their adjusted operating profits. The margin would have dropped to 7.2% instead of 10.5 (from 11%) and the profits would have been £104.5m instead of £159m. Basically saying the profits for the last few years have been propped up by the increasing average asking prices. I then went on to run through the entire sector. It’s quite enlightening. At least for Vistry, a lot of that can be taken, quite literally, out of the equation…

Best of luck moving forward

Afternoon Bradezz, hope you are well.

Sure, I’m talking tangible assets. So, that’s the good stuff that’s actually worth something. You need to subtract the goodwill off the books, £827.6m. Also the additional intangibles, £329.6m. Then divide by the shares in issue, ideally, the day the books were released.

That’s because their (BWY) tangible net assets are £30 a share.

Vistry’s are around £6.79

Afternoon Paul,

I believe these were sold to cover the tax implications from the vested shares received..