Member Info for CSDI1962

Oh well decided to go "all in" - sold my few remaining shares of CEY and just added another batch of PSN at £19.63 + costs.
It's only pocket money to most on here, with just a 127 shares in total now.
Average cost £21.21, and an average 87p divi including today.
sitting on a loss of 3.5% at SP of £19.60
All within an ISA so no tax to pay on divis. and no other holdings.
Time to live the dream LOL
GLA - C

Robleo got it right !
Down about 9% so far, more than enough to cover costs of selling and buying back.
for those with big wallets, "a nice earner" in the words of Arthur Daley !
for me, it is about the long term so will just have to be patient.
With the SP at £20.06 that leaves me down 2.7% after accouting for the divis. Hey Ho
Where to next for the SP ?
GLA - C

I'm back again with another tiny purchase at 77.37p + costs today.
Decided it was time to ditch my remaining 60% of POLY, as the sentiment with that one not improved at all.
So moved from one gold miner (POLY = very high risk/reward) to CEY (a serial under performer.)
Now got an average cost of 81.5p all together.
Not looking for miracles (when it was £2), but a more modest 100-120p.
Fingers crossed it turns a corner.
GLA - C
PS. Let's hope the New Branding update for CSDI comes to fruition LOL

Hi Rob
Hope that works out for you.
My number of shares is so small, it makes no sense to sell and buy back unless it was certain to drop a fair bit more than the divi to cover the commssion (x2) and stamp duty costs. If the SP does fall then I will get an extra bit with my drip.
Short termism does not help, and I am hoping for a rise to at least £25 to start with.
I think if you have several grands worth, then it could well be worth the trade as history suggests the drop wil be more than the divi. Any bad news and you are on to a winner as the SP falls more, but a surprise bit of good news could leave egg on the face. I've tried it both ways over the years ... some we win but more we lose LOL
GLA - C

Locky

The divi question has been asked zillion times.

But in a nutshell, there is no divi being paid for now, while the BOD assess their options.

21st July is next date for info - with Q2 Production Results.
We may have to wait until August for H1 Financials, before getting an update on future divis.

Cheers - C

So here we are with ex div tomorrow of 110p.
The price has meandered up and down over the last few weeks, but we are a few percent below the previous posting back in May.
Therefore I am a little disappointed that we have had not had the rise leading up to ex-div, but it is no surprise esp with lurking interest rates, inflation problems, potential labour supply issues.
For the day traders its decision time - do they sell today and hope to buy back lower.
For me as a LTH no decision to be made, and I only have a few shares so it would cost to sell and buy back in.
I am happy to bide my time, wait for the divi, and then re-invest on the drip. If the SP is lower when the divi is paid next month, should mean we get an extra 5% or so in shares.
No reason why the SP won't climb over time, as profit margins still look good, and there is no lack of demand.
In the sector Crest nicholson had a good report yesterday, so let's hope PSN mirrors this when H1 results come out on 17th august. Before that we have the Trading update on 7th July, which will no doubt impact the SP for divi payment on 8th July.

GLA - C

Hi Rob

It's quiet because there is no news to report.
Just a matter of being patient I think.
Not sure if I mentioned I have reduced my POLY holding.
Only had 500 shares and sold 200 last month (to use the lower dealing fee option)
Put the money in another Gold miner - CEY - as they seem to be good value too.
Time will tell
Good luck my friend with all your high div shares and enjoy your break when you getaway,
Don;t worry about CSDI who will carry on working in his Abacus Factory
Cheers - C

Well done WM - a new gold medalist !
A close call for may this week as sotonspike takes silver.

I think Robleo should produce a medals table too before he goes on his jollies LOL

I suspect a little drifting is on its way - so I'm predicting 124p for next Friday.

GLA - C

Next scheudled update is 21st July for Q2 and H1 production.
Can't see date for H1 financials - but it was 26th August in 2021

It's too close to call this week - so many contenders for the Coveted prize of "Guess the SP"

GLA - C

Mikey
Sorry to hear the very sad news that your sister has just passed away.
Condolences to all of your family and her friends.
Take care.

Whatever happens with the VOD SP is not your fault LOL

GLA - C

Rob
None of us know the future - it's about weighing up probabilities - assessing risk/reward and having a plan.
The UK house market continues to defy gravity for now - but how would PSN do if we have a stinking recesssion and high inflation ?
High inflation leads to higher costs and I would expect this to be covered by higher house prices, retaining the impressive margins and profits made by PSN. A recession however could strangle demand, and potnetially send house prices down - something we've not seen for well over a decade.
Questions are
a) do you have better investment options
b) is it safer to be in cash and wait and see for a while
c) do you just sit tight and hope any falls in the SP recover over time.
For me I will wait and see how we do over the next couple of weeks and may consider selling on/day before ex-div date as recent history suggests the ex-div drop will be greater than the divi. I have a target of £25 to sell my first batch which may or not materialise. I can remember buying PSN at about £7 in 2007, and watching it fall below £4 in the crash. Never thought it would get to £10 let alone £32 or so. It must have paid more than £7 in divis in the last 4 or 5 yrs, so imagine if I still held those old shares.
As they say - past performance is no guarantee of future performance. Fingers crossed.
I am holding for now, and will review nearer ex div day,
Good luck whatever you decide
Cheers - C

what a great week for all VODders.
Well done to Soton with Dan just missing out.
anyone seen Mikey this week - very quiet - thanks to the solid SP move.
No doubt Mikey will be back on Wednesday as the ex-div brings the ski-slope back int play.
My guess for the week ahead is 125.1p
Thanks to Rob for running the comp
GLA - C

Anon

Just to clarify ... that statement is from August 2020

Do you not things may have changed a little bit since then maybe ..... ????

Hi Throne

My first target of £25 is based on a plan to realise profits at different stages if I can, based on my original cost.
Whenever I buy any share I have a plan to sell at certain stages based on historic prices.
Sometimes I buy looking for a small % - with a hope to buy and sell and repeat.
If I can make 10% profit two or three times in a year, then I am more than happy.
I am not a Warren Buffet - who believes in buy and hold forever - as I've had too much experience of watching shares rise only to see them fall and not recover.
With PSN I've bought 3 small batches over the last 3 months or so. If we do not hit my targets, then it is a matter of hold and collect the divi, which at over 10% currently is a healthy amount.
I would be happier if the SP got back to last years levels around £33 but think that is unlikely this year.
Cheers - C

Ye-Hah, Whoo-Hoo
A nice little rise today has taken me into profit territory - for now.
Will patience be enough to see this make further rises into ex div day, or will market fears come back to bite us ?
A long way to go to my first target at £25, but will it get there ?

GLA - C

Just over 12 months ago, I was closing down a SIPP account and sold CEY for 119p.
Now I have started a small ISA and had invested some in POLY - another gold miner - as a high risk/reward choice.
Watching POLY drift down mainly due to Russian sanctions, decided to sell 40% of those shares at a loss and reinvest here.
Only a tiny purchase at 84.6p, but looking forward to joining the chats and banter on CEY, as the POLY BB is full of garbage.
Pleased to see the reliable posters still active - Cowichan, Mr T, goldknome, sotolo at al.
GLA - and let's hope for a recovery in the SP getting back to at least 3 figures.
Cheers - CSDI (Crap Share Dealing Ideas)

SB closed at 44.98

Nomad,
Today is a better day (than yesterday) if you're looking to start buying PSN.
If you have a reasonable sum to invest you could always spread the purchase over a few months.
Not far above the 52 week lows, which may help support the SP.
Then again if the predicted recession takes hold, the SP could drop much further.
Choices choices.
As a holder I do not want to risk selling as cannot guarantee getting back in at lower level.

Stevebt's stance is very sensible too - why not wait and see - as the SP will drop when ex div date comes along.
Question is - what happens to SP between now and then LOL.

GLA - C

Hi Nomad

Providing there is no housing crash, and folks can still get finance for their expensive houses - cheaply built, generating loads of profits for the company, then looks a good chance.

i've only got a few shares at ave cost £22.17, so looking forward to a continued divi of 235p p.a.
As long as things do not go pear shaped, prfoits should continue and therefore divi maintained and a good chance of rising SP.

Profits may be impacted by higher costs of materials and labour, but would expect these to incorporated into selling prices. They have a good forward land bank, so all looks good to my positive mindset.

Naturally things can and do go wrong, and the SP has fallen from nearly £33 over the last 12 months. Would be nice to see it bounce back but would not count on it. I will be holding for a while and have a plan to sell 1/3 of my shares if/when we get to £25. Otherwise I will just sit back and let the 10% yield roll in.

GLA - C