Member Info for Culpepper

Volume is low on Wickes, but I’m somewhat pleased that those trading have not seen fit so far to mark it down on a read-across of KGF basic headlines, which can often be the case.

Perhaps rather the opposite at present with greater understanding of Wickes fundamentals, steadily preparing for a slow sometime improvement in UK economy when purse-strings can be loosened.

And in the meantime before capital appreciation, we have significant returns to shareholders.

If it transpires, though Wickes has already said they anticipated some at least of IT spend to be expensed, it will be helpful to the bottom line.

‘The Financial Times said the plans to make the ‘full expensing’ capital allowance regime permanent will form the centre point of Hunt's statement. 

The scheme, which was due to expire in 2026, allows a company to immediately deduct all of its spending on IT equipment, plant or machinery from taxable profits. Extending it was a crucial demand of business groups.

Extending it was a crucial demand of business groups and officials claim Hunt’s permanent extension would give the UK one of the world’s most generous capital allowance regimes, the FT said.’

I hope old Hunt holds onto the full triple lock today. Pension benefits as they’ve come to call it. Think he will for time being, bar the possibility of some tinkering around the edges.

Does it all mean some, like me, will be existing on scraps, whilst others sit at home drooling over and then polishing their gold?

They expected at half year, to end the year with ‘slightly higher’ than the £99.5 m reported last year after cash outflow in second half. If that is so, there may not be the headroom you anticipate for distribution, whilst paying dividend and continuing buyback, alongside other capital spend?

We shall be even better off as things improve.

Incidentally Kingfisher ( B and Q and Screwfix updated today. Pulled down by the French, but “Underlying retail and trade consumer trends resilient in the UK”

It’s maybe refreshingly uncomplicated by the complication some might make of Telfer, and all the press around things, who like to feed conjecture.

It’s there, envisioned to be used by Newcrest, and presumably Newmont for their 70%. If Newmont want to retain, Ggp ride along with it. If they don’t, and for some reason are determined to sell, then it’s got to be something that works for all parties to any transaction.

As you know, I think a decision, if it be to divest, is a long way off til Newmont know what they have and how it might fit into a 10 year plan.

I thought this a decent little summary, as we wait for MRE, referring as it does to the potential conversion rate of resources to reserves.

https://www.cruxinvestor.com/posts/greatland-gold-positions-itself-for-significant-growth-and-strategic-partnerships

25/3/22 and may have been mentioned since.

“Where the business generates cash in excess of that needed to maintain a strong balance sheet, fund investment for growth and once the ordinary dividend has been met, the Board may conclude that it has surplus cash. Were this to arise, there is currently a preference to return this surplus cash to shareholders via share buybacks or special dividends.”

In the meantime, nobody should think there’s anything suspicious about a bit of selling after a quick 40 - 50% rise. Them out there doing their own thing. And a few on here, possibly.

I won’t ‘bicker’ any further, but it’s not helpful to say ‘something’ is going on, which you know about, and then fail to share it when pressed. Falls into the ‘they’ bracket, along with the ‘why’.

Sort of ‘no comment.’

JD.

I went to a very good school. It was Approved.

You’re long on rhetoric. Short on explanation.

I’m certainly not in a two and eight. I’m in profit as a result of this manipulation and shorting.

More of it please.

That’s fair enough. You’re right. I don’t buy into the theories I’ve read so far.

Doesn’t stop others doing so, and posting them if they still wish to do so.

Well just post your opinion and ‘info’ in contradiction and we’ll see what to make of it.

i can’t be ****d with it any more. once they’re borrowed and sold, it’s done isn’t it?

and ‘they want. your shares’, borrow and sell to finish up with more by buying, simply never appealed.

i’ve done on that for now. that one, for me, has had it’s day - more than it’s day.

I’ve always taken the view at 1% or so, the shares already having been sold, done and dusted, the shorting conversation has been greatly overhyped. Not a popular view.

I don’t bother with it, or argue against the theories, quite far fetched in my opinion, that are put up for the price being ‘held back’ for some reason. Not worth the hassle on here.

It’s a dead duck conversation, with other reasons at least possible for ‘being short’. And MRE is coming.

Well, that’s their job, on all shares, isn’t it. Find a sweet spot to maximise trades, and when that dries up run it up or down a bit to suit. And follow the action.

Strange isn’t it. None of us took an oath not to sell shares, or put it to committee.

Not really. There’ll be other such gems. There’s Starvest holders on this board, who’ve probably worked it out.

I imagine those who are buying Starvest find it mathematically persuasive, over a relatively short time-frame.