Member Info for Crossley

Morning tambo

They are in my fidelity managed portfolio. Assess every 12 months unless they want to change mid term. They are the better ytd performance figures from my 21 funds within the portfolio. I am not confident enough to take total control. I want five years of better performance between my S&S isa and my managed fund before I look into that. Still a lot of learning to do and I realise I will need to expand into funds if I do go down that route. Three years out of three that so far my isa (shares only) has outperformed my managed portfolio. See how it goes, it’s in fidelity’s highest risk category. I used to work for RR and quite a lot (120) retired on the same day. I monitor all portfolios taken out by some of the lads. Dolphin, Fidelity, psigma and various Royal London drawdown portfolios to name a few. Fidelity & RL have wiped the floor with all the others over the last three years, particularly in 2022 in RL’s case

Have a great weekend

D9Ber1

Morning! Or just download the VOX markets app. Put all your required companies in your watchlist and click on the rns @ 7am it sends a link for immediate reading?

Best of luck today all

Ps Zac

Best performing funds in the portfolio are, YTD:

CT American fund 9.69%

Fidelity Japan fund 7.99%

Invesco Asian (uk) Z 10.07%

Invesco Global Emerging markets 11.71%

Jupiter Merian North American Equity 11.8%

Morning folks

Hello strictly, glad you have moved over to the sector. I believe a wise move. Sold Bdev at the start of the year, RDW on the day of the merger announcement & BWY on the day before results. Only holding TW at the moment!

Zac, I too took early retirement in 2020 and spent a year extending the family home. With the additional time available to me I decided to give this game a more serious go. Only hold individual shares, no funds.

2022 -3.03%

2023 39.64%

YTD 24.12%

I stated at the end of last year this was my worse performing share last year. This year, it’s bottom but two. Only Wimps & EZY below. IAG & NWG way out in front.

Holding here for the dividend as it plays a large part in my, hopeful 17.4% average return per year. Sitting on a little more cash than usual with the HB sales although doubled my holding on EZY the other day @£5.09

My managed (Fidelity) portfolio is at 7.89% YTD

What’s happened?

I would seriously start considering a new life overseas

https://www.statista.com/statistics/237529/price-to-income-ratio-of-housing-worldwide/

Swap rates are rising. Particularly yesterday

Morning Meconopsis,

For me, I think it’ll be a shrewd move by Bdev, longer term. I consider BWY & RDW to be the better run companies on paper out of the six I follow. Redrow’s figures certainly look better than Bdev’s lately and I can see the logic in the merger myself when things improve. Even at the lower end of 180m pre tax profits for RDW it equates to 54p per share. Having said that I did sell Redrow yesterday, sadly. PSN wise, I’m expecting around £1.10 of pre tax per share, so I guess we shall have to see what their future policy is, maybe 40-60p for the year?I was encouraged by their H2 figures over H1 (+34%) Then there’s the additional tax burden coming in. TW have a slightly different approach of….

Our Ordinary Dividend Policy is to return c. 7.5% of net assets to shareholders annually. As I stated on the LGen board over Christmas, one of the reasons I moved over from Bdev to Wimps, along with their estimated profits for the year (470m, which would give 13.3p per share). Personally, I think TW’s dividend might suffer the least? Looking for a re-entry point here when as and when I see fit

Beat me to it abc.

I cannot believe they wouldn’t have attempted to buy Crst in the first place. On level terms they could have taken them for about 700m?

Morning,

Certainly a different approach from when Jeff was in charge. The days of paying out nearly all profits to shareholders has passed (as stated) along with Jeff leaving and lining his pockets with share price related bonuses. (Remember him storming off a TV interview when quizzed about it?) Will we see 3X book value again, maybe not? Based on unit figures, the trading update, stating margins in H2 will be similar to H1, I’m expecting pre tax profits around 350m. Then there is the additional tax implications (6% I believe? ) kicking in. Hopefully no one offs to take that lower. Only my guess though.

Important week ahead kicking off with Bdev, RDW, & BWY on the 7th, 8th & 9th. Interested to see what Redrow have to say, if their lower chain cancellations has improved any since their November update

Here’s a link to previous if interested….

https://investors.natwestgroup.com/share-data/equity-ownership-statistics.aspx

Thanks Poker for your valued input here. Most appreciated!

That’s it Gary. Endowment not indemnity. My mind is not what it once was!

But what effect will CRST’s looming update have on the sector tomorrow? With the dividend looking like it might get severely slashed or maybe completely suspended ?

Any views on this?

Afternoon Dowsie

I initially bought my first house with my best mate as we both wanted to get on the property ladder in early 1988.It was the only way to get in. I was 20 and just come out of my time as an apprentice at RR. My initial payments were lower and over 25 years. I think there was no such thing as fixed rates back then, or not much interest, but like I said the £546 was in ‘90. I believe the BOE rate was 15.5% so why I was paying £546 I’m unsure. Maybe it was something to do with the good old indemnity?

That was my highest payment. Think it was 08/91. Had a good year or two of the rise in house prices at the back end of the eighties then, well, we know what happened then.

Those figures represent a figure of 18.5%!

In comparison, still owe just over 255k with interest only payments of £353 per month.

Apologies, should have said H2 unit figures.

Just dug my Woolwich (remember them?) old repayment book out. 35k mortgage. Payment £546.30

Meconopsis, thanks for the reply on Friday. I’m pleased it was a best guess. Having built an extension of my own.

That doesn't leave much headroom is they run low on disposable income.

Might I add, there’s also the mortgage charter that’s been launched by the government that pretty much all lenders have signed up to. You can extend the length of your mortgage, switch to interest only. On the average of 189.5k @4% that would still enable you to live in your own home for £630 a month if needs be. Things really are not comparable to the 1990’s. Attitudes have changed. Oh, I remember my 35k mortgage in the late eighties/ early nineties when I was twenty something myself.

The subject could quite easily read

Housing market still looks uncertain although H2 figures have improved over H1 figures for both TW & PSN.

Maybe that’s not negative enough for some though?

Afternoon Meconopsis

Hope all is well. May I ask where you’ve pulled this data from?……

but it’s far from the build cost, which will be probably closer to £80-100k per property.

https://www.msn.com/en-gb/money/other/entire-housing-estate-worth-40million-torn-down-just-after-being-built/ar-AA1n8DUX?cvid=0bb600376de44cb3b2f4be43580ed2e3&ocid=winp2fptaskbarhover&ei=9

Ps Strictly,

Good to see the stats show back and encouraging figures for the start to the year?