Member Info for Culpepper

A flavour on residential construction from Dublin.
https://www.independent.ie/business/irish/housing-starts-accelerate-as-country-and-construction-open-up-40748197.html

And they speak of an initial return ( presumably just for those who want it ), so I imagine there will be another one.
But we wait for the actual tender offer, and whatever comes with it.

ie. tendered shares are cancelled, and when tender complete NAV remains at same price per share. Then a lucky dip on further return of cash, or remaining lesser number of shares in a new venture.

What is wrong with the straightforward return of 80m dollars, at NAV, on a pro rata number of shares - balance remaining in whatever happens with the shell or return as a final distribution?
But perhaps I have a flawed understanding of previous posts.

Tender price index ?

Tender prices increased by 1% over the 12 months to Q2 2021. They are set to further increase over the remainder of 2021 as workload stays busy and input cost pressures remain.

Building cost index ?

A composite measure of building input costs increased by 8.5% over the year at Q2 2021. Global and domestic issues and problems combined to push up input cost inflation to its highest yearly rate of change since 2005.

Consumer prices index ?

The consumer prices index (CPI) rose by 2.5% in the 12 months to July 2021. Consumer price inflation is expected to increase further in 2021.

Or fish.
https://www.google.co.uk/search?q=monty+python+fish+slap&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari

It’s brief and UK only ( where Sig was suffering but expecting to break above even this half ) Construction generally remains strong.
https://constructionmanagermagazine.com/construction-output-falls-but-new-orders-increase/

I’m not criticising people posting as they see it. I do.
Nothing scheduled here until results on 21st September, and whatever that brings with it.
In the meantime all we have is the background since recapitalisation and this - https://www.lse.co.uk/rns/SHI/trading-update-xfpb7m6t0yv780u.html
And our view of the market Sig is in.

No harm in it, it's a bb. But with respect, sticking 90p to a £ on it bit like Mick - just in the opposite direction.
I keep my aspirations low - everything else being another bonus.

More risk of me getting my 51p than you your liquidation.

Whatever happens, it will be led by Smith with a foot in both camps, and MXCP where his personal holdings lie along with his founder partner.

Lady down the road, chain smoker, 'traveller type' , certainly been around a bit from the looks of her, said she was hoping for a bowl forming. Then all we need is a cup and saucer, cup of tea, and she'll read the tea leaves. For free.

Somewhat bucking the market today. Rather strange, don't you think?

Bit like Groundhog Day ongoing, til Travis sellers gone.
Filling in with a potted history/summary.
https://www.cityindex.co.uk/market-analysis/everything-you-need-to-know-about-the-wickes-ipo/

Looking ahead, I don't think they're actually going to go under yet. And Mxc have to work out how to get the best out of it for themselves. To start with, stage by stage, there can be little reason to remain listed.

Well, I made 50% on a military supplier in 6 months. Knowing a thing or two about torpedoes and that. And one or two others going alright. One 100% and still running. Not for much longer though. Results coming up. Anybody else out there got anything.

https://markets.ft.com/data/equities/tearsheet/forecasts?s=SHI:LSE
If it can meet their median I shall be happy enough. If things go according to plan I believe it will, with the capacity to go on over time.

https://mediatel.co.uk/news/2021/08/09/what-has-kept-wickes-and-bauer-media-together-for-10-years/

There’s pro activity about it. Far more encouraging than the ‘if somebody wants a bag of cement, they’ll come and get it’ attitude. Add a bit of sparkle to what may be seen as a fairly mundane business.

There is also this alongside as they prepared for demerger, so one can see the direction of travel.
https://www.netimperative.com/2020/11/16/wickes-launches-uks-first-home-improvement-campaign-on-tiktok/