Member Info for Crossley

Ps Strictly,

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

Thanks Strictly

I’ll shall visit the blog later. I do not hold Crest currently. Have done twice but always seems to be short lived. I’m sticking to RDW, BWY, Wimps & here for the foreseeable. I moved out from here into Redrow back at the start of October which represents a couple of % gain as I liked the value. Re-invested here on the update for the reason I highlighted earlier

Thanks for the heads up all the same

Armani,

May I ask, which other HB’s do you hold?

Next week we have Crst’s figures. Bit worried about that update tbh. Then three days running for Bdev, RDW & BWY beginning on 07/02. I’m looking for what RDW have to say on the 8th after stating in their last update they’d taken a hit and projected lower end of the 180-200m pre tax due to lower chain cancellations. If PSN’s update is relative then things should have improved there?

Best of luck whichever you hold

Morning,

I know we’ve had a few negatives on the latest trading statement but for me it was very positive.I can’t believe this hasn’t been mentioned but for me, the main encouragement was the unit figures. H1 figures came in at 4249 and the full year at 9922. That gave us 5673 sales in H2 which represents a near 34% increase in H2 over H1. With a strong showing in Q4.

Can that momentum continue into 2024 or even improve as, hopefully, sentiment improves and rates continue to fall as we move through the year? Here’s how 2024 kicked off if interested (the first 30 minutes is sufficient if you indeed are)

Glad this is back…..

https://youtu.be/XE2zli8D2vk?si=2wiCFsr-H_9Ow1zd

Certainly not. Hang Seng in a mess. FTSE well down on the open. Inflation up. Looking ugly

Https://www.sharesmagazine.co.uk/news/market/1683618672077023400/top-news-jd-sports-proposes-to-buy-courir-for-eur520-million-value

Https://www.theguardian.com/business/2024/jan/15/uk-housebuilder-crest-nicholson-warns-profits-takeover-interest-rates

Evening Meconopsis

You seem to be more actively interested in the sector lately.

I know you’ve invested in Barratt’s, (From the New Year LGen conversation ) May I ask, how much of the sector have you investigated?

Interesting post Phyl

I wasn’t disappointed. Personally, I found it quite encouraging that LGen was my second best performing share yesterday. And second best out of 10 today, so far.

!

Evening st

Isn’t it all about what was stated in November and comparing to see how the business is performing moving forward. Eg: In November they stated…

We have a strong balance sheet and are highly cash generative. We continue to expect to end the year with net cash** between £500 million to £650 million after returning c.£338 million in dividend payments during 2023.

Also, Still predicting top end of profit forecast

Oh sorry. I misread your post from 13:38 then

Best of luck

Interesting terminology LWHL

You say your not invested here but keep referring to the company as we

If LGen might be of some interest to you for guaranteed income I’d suggest reading Casapinos musing on the company on these boards

I do not know your capital. LGen have said they will raise the dividend by 5% per year thru 2024 which they have so far each year since stating. So,unless things have changed, which there has been no indication of, this years div should be 20.62p. Only 8.15% on £2.53

Could get over 30k with LGen (dividend 8.25% currently) although the growth is probably not so good. Or maybe it is?

Not advice just something to look at? It’s less volatile than most in my view

Where to move to tho Christofer?

Best of luck going forward wherever you go

In November they projected 9500 units but achieved close to 10000. Overall, the sector looks much more robust than previously thought? Particularly, as PSN’s target audience was thought to be the ones that dried up the most.

Let’s see Wimps units tomorrow, and the top end of the 440- 470m estimated profits

Bought here and CRST this morning. That’s it for me now with five HB’s in total.

Let’s hope Wimps can keep the ball rolling in the morning with some more above expectation figures.

Christofer, I think you’ve earned yourself a drink, cheers

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…