focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
£350M is their total investment in BDEV AROUND 5%. They sold shares and CFD's to the valve of around £10m less their initial investment.
Please read the trading report on divs and capital payment. It gives all details on capital payments payable each November plus the final div. The table under the heading of Capital repayment plan gives you all the info that you need and what to expect if all goes to plan. This year 14-15 expect a total payment of 24p per share.
Sain this is following the same pattern as TEF and Bovis. For a company that has stated that it is expecting to more than tremble profits this reporting year this is ridiculous, unless the market has seen information that is not in the public domain.
Both companies issued great updates with Crest Nicholson giving the market an excellent progress report since October, however, what a difference in the market reaction. Bovis collapses by nearly 6% yet Crest we see gains each day and is now just 5% below its highest price. We also note that Bovis will be increasing the total year dividend to 35p.(23p final) Both companies operate in the South East. At the moment I know which company has the most valve so I will be staying with Bovis. I was lucky to buy at 758 on the update day.
HSBC sent me a letter stating that BDEV had cancelled this plan. Initially confused as trading update did not make any mention of this fact. It fact it highlighted this plan again. Today received a letter from HSBC stating that the original letter that they sent was incorrect and that Barrett would be talking more about this plan when yearly figures are released next month.
this morning with the SP Initial up 4 now down 11: not so dramatic with other builders. Any news why Barrett should have swing so much?
Barrett appears to have changed the total return over the next 3 years from 950 m to 880 m. This will mean 88p instead of 96p in divs and special payments which was highlighted in the original letter.
Gerry07 where did you get this info on a short? Something is happening in the market which is questionable when just one broker marks shares down in a sector and others are holding at higher prices but ignored and the sector drops even though the companies themselves are stating time and time again that conditions are heathy for them. The updates that we only received in Nov were excellent, especially as it has today been backed up by Taylor Wimpey.s year end report, and the CEO's would not be exaggerating due to repercussions,
One thing about today is that I suspect it would have removed a lot of traders and PI's who would have sold during the morning of the company update or the day before expecting a run-up of SP to this event.
Looking at this brokers report they have changed their assessments of valve to Net Assets instead of EPS. Historically net assets is 1.5x. This is how their 379 figure comes about(13-14 was 251p). However, this is for someone who wants to look backwards to 13-14 figures. They are overturning the market view of looking forward. At 379 we will have a forward PE 9 (14-15) and PE 7 (15-16) and this for a FTSE100 company. Forward orders are great which we will see next week which, if needed, will see this company over the first quarter if sales should fall. However looking at the construction figures NEW builds are selling with the secondary market slowing down which is effecting the overall monthly figures. Even other brokers have not been so stupid as Jefferies assessments within the construction industry
Hopefully should soon see an RNS stating that Schroders holding of TEF has been reduced to 9 or even 8%. Approximately 64000 for 1%
The last time this share hit a high was when joining the FTSE 100. Since being relegated this share in now expected to rejoin in December. Will we go the same route as all pile in prior to the announcement?