Member Info for Culpepper

Old Francis 'delighted.'

We are delighted with the response we have received from investors. The success of this transaction enables us to refinance our existing facilities well ahead of their maturity dates and on more attractive terms. Together with our New Revolving Credit Facility, the Notes further improve the Group's financial flexibility by extending the maturity profile of the Group's borrowings and increasing its available liquidity. This will provide a strong base from which to drive forward our "Return to Growth" strategy, which has delivered notable improvements in growth and profitability to date, and which we are increasingly confident will continue to deliver value for all stakeholders in the near and longer term.

It's sorted, done, anyway. But yes, not CD and R's bag. Never was.

And that selling down, or into any small rise, has to stop sometime.

And ongoing, according to trading update, from the half year, when they reported

“Given the strong outlook for Core and DIFM trends, together with half year results which delivered adjusted Profit Before Tax £1.5m ahead of guidance, we now expect adjusted Profit Before Tax for the full year to come in towards the upper end of analyst expectations (range £67-£75m). This assumes no further significant change as a result of Covid disruption or restrictions.”

I still think this continues to be sold down, preventing the sort of improvement, rerating, analysts suggested with their targets.

For info if anybody cares. Things seem to be freeing up a bit generally.
https://www.constructionenquirer.com/2021/11/04/construction-powers-ahead-as-supply-shortages-ease/

Course, they’d have to shift em in one go, and tell us later. Or the share price goes right up the swannee, Can you imagine?

I haven’t asked about down. His views are clear. Going down because it’s a crap company, but might multibag sometime, and CD and R now realise they bought shares in a disaster, and will be quietly shifting out of it. I suppose that’ll be before it multibags, perhaps later. Maybe. Etc.

205 - 235 it is then? Unless something happens to change it, I suppose.

Where on Earth does this notion of any anonymous poster on this board, probably others, having credibility or not come from? Pretty stupid, don’t you think?

Can anybody tell me if this is going up, this week, next week, Christmas? Next year possibly?
And more importantly, why.

I heard of King George though. There was a dippy one of them. And George down the pub. Could he be crucial to Sig’s business plans? It’s a minefield.

And I accept your view will be nothing changed. They owed the cash before, they owe it now, just at more favourable rates.
Liquidation fodder then, liquidation fodder now, so to speak.
Just as an observer, you understand.
Only popped in to keep you company.

Haha. You’re slipping. You forgot to add that them that stumped up the 300mil euros are unresearched and barmy! Advisors stupid.
Perhaps C D and R will pay 65 or 70p for the lot, debt and all, blah blah blah.
Just while we’re dreaming, making stuff up, sort of thing.

You know, why bother with something that is irrelevant - the loans are done - and factually unanswerable.

I think probably nobody cares enough. A lot probably sold up.

Too many people on the opium it seems.

Kitchens, bathrooms and associated.

“The well-documented demand for installers, and in particular the builders that many wider projects are dependent upon, combined with ongoing product supply restrictions, means lead times to project completion have extended. This will result in a higher carry over order book into next year which will benefit financial year 2022.”

and

“The total DIFM order book remains considerably higher year-on-year impacted by extended project completion lead times, and this will result in a higher carry over of orders into 2022.” ( when cash can go to the accounts )

Not out of the woods, and Wickes has, as reported, successfully navigated its own product availability, but needs the wider industry to pick up speed on larger projects involving its DIFM range. It appears this is starting to happen.

https://www.constructionenquirer.com/2021/11/04/construction-powers-ahead-as-supply-shortages-ease/

But being sold down again.

That is what I am waiting on.

He was happy to pay £2.50 last time. So a bargain in his view.

I saw the explanation given somewhere. One of the analysts. And it seems right in the absence of anybody else drawing attention to the debt. New accounting standards on leases - not easily understood by me.
We probably need a full year or more for greater clarity.