Member Info for Culpepper

All for a better looking balance sheet. It’s still the debt they have to ameliorate somehow.
But, you know, slowly slowly, if need be. We’re used to that.

Mind you, til someone stops selling it down it makes no difference.

It’s being reported as a small uplift from £3.

DEUTSCHE BANK INITIATES WICKES WITH 'BUY' - TARGET 313 PENCE
They were already on this with a hold. However.

Citi. Buy. 282p. Wickes joint broker
Deutsche Bank. Buy 313p Wickes joint broker
Berenberg. Buy. 280p
Peel Hunt. Buy. 310p
Liberum. Buy. 420p

It will start with social housing when it comes.

Still going on about this, but it needs funding.

Government aims to insulate homes before installing new heating systems

The strategy says that improving the energy efficiency of homes through a ‘fabric-first’ approach is key in ensuring the transition to low-carbon heating is “cost-effective and resilient”.

This means that emphasis will be placed on installing insulation and other improvements to homes through retrofit programmes before installing green heating systems like heat pumps.

Types of retrofits would include draught-proofing, loft and floor insulation, heating system insulation, double and triple glazing of windows and doors and wall insulation.

Industry groups including the Construction Leadership Council and the Federation of Master Builders have called on the government to fund a national retrofit programme over the next two decades costing the public and private sector more than £500bn.

Could all finish up as one big happy family, to be sold off sometime. Imagination running away.

And IDE (Mxc really ) supporting Cloudcoco.
“In addition, IDE will provide CloudCoCo with a working capital facility of up to £500,000 to help fund the initial restructure of the IDE Group Connect business. Amounts drawn will be convertible into new ordinary shares of CloudCoCo at 1p per share if not repaid by 19 October 2022.”
All part of some original plan. I don’t know, but think it may be. Mxc a crafty crowd, drawing criticism now and again.
Anyway, it’s all moving along again now.

So Mxc shifted that to where they have their 10% holding. They always were a bit ‘incestuous.’
Difficult lot to read.
These inorganic opportunities sometimes go in spurts with Mxc.

https://www.lse.co.uk/rns/WIX/wickes-group-plc-director-pdmr-shareholding-mazrwj2rtuzy5k3.html
Can’t get their hands on the shares for 3 years though. And unlike the nil cost options, they’ll have to pay something.

I still would not be surprised to see this go private, save money on costs associated with listing. No benefit in that now, and would make no difference to the major investors. And the possibility of a share consolidation in due course.

It is fair to say I’m jaded with it, and, having got to where we are and acceptedthat, it is an extremely positive RNS.

Had mentally written off my cash a long time ago. Feeling sort of neutral going on optimistic now. Given Smith and co loads of time. Giving them more won’t hurt.

It’s been a long time since IDE created any interest. Doing so now.
Still waiting on some form of loan repackaging, probably in view of Kestrels conversion ( won’t be odd ones out in my view) accompanied by some extent of debt for equity swap.

‘reflecting both increased activity in the UK ….RMI market.’

This lot doing OK. on that.
https://www.lse.co.uk/rns/NXR/trading-update-95lzezxuudmk5qq.html
Ours on 27th.

Publication a mite high flown. Pressing the button.

To be honest, I only realised that after publication.

Just keeping the board to date.

“Wickes, up 3.7% at 237.40p, 12-month range 218.4p-288.4p. Berenberg starts the DIY retailer with Buy rating. "Wickes has a strong digital proposition, supported by its right-sized store network, providing customers with an attractive omnichannel home improvement proposition," the German bank says.”
And a newly appointed Chief Information Technology Officer.

By very basic thoughts, one might think they are buying back.