Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
We have a notifiable stake of 8% in the trust now from Milkwood Capital.
We also have some action over at NBB, where downing have sold 6.65% of NBB, and it looks like Canaccord have picked it up. No change to share price so this serves as an exit at current NAV, bearing in mind how iliquid that one is...not bad.
The trade has printed today (From Friday) 4,000,000 at 7.5p , £300k.
Still incorrect. Spread was narrow 1006 to 1008 at the time of writing. Doh. Been a long week.
I am still happy to hold some of these, I only bought a starter pos, Id happily take some more under £10.
Sorry, yes I am watching the level 2 screen, incorrect statement, but agree with Teddy, that Market makers are still influencing the price. Singer is best offering at 9.90. Really level 2 is even easier to manipulate than SETS. I can close that spread now, if I want to offer mine at 1030.
Hi Surprised. Yes I saw that RBC broker note too, exactly my sentiments. Also listening to the Vox market interviews CVS is expanding in to other countries like Australia. I dont think the CMA can reach them there. These drops are totally overdone on market maker stocks. They are just doing it to generate liquidity, and earn a commission.
Bought Bango this week too, same deal. These are all in the pension, so can hold them more or less indefinitely.
I think the chances of a TO on any of these companies makes sense to hold a little of each for max exposure to M&A.
This has nothing to do with office blocks, which are an avoid for me in general. I think SREI has some offices but they are not blocks, and have been super revamped with everything green credential, and the rents increased due to demand.
AIRE - portfolio of 19 commercial long-leasehold and freehold properties. The portfolio includes care homes, hotels, student housing, nurseries, car showrooms and petrol stations.
WEbsite is good, with map and details of all properties
https://www.alternativeincomereit.com/portfolio/our-properties/
I bought at 150.5 yesterday and sold at 156.5 today (in the first hour). Taking in to account the stamp duty, I made 5 points. So obvious when shorts smash it down like that. There is no liquidity here, only shorts trading with themselves, and endless idiots posting on their behalf.
Valued on eight times cash profit to enterprise valuation of $75mn, and 10 per cent below book value, the rating is about right for now. Hold.
@inContext, the broker note basically forecasts this is not going to change for the next few years. All the profits are being reinvested, hence the use of Ebitda.
@FlyingHigher, most people on this board don't understand financials. (see final part of IC article above). I personally think this could drop further, there is no pay back for holding these shares over the next few years IMO.
This has gone nowhere in the last 12 months. Same old usual story from these guys. If we scan down the results, and jump over the optimistic 'adjusted' set of numbers, we can see the reality here:
Profit before tax 1,461
Income tax expenses (839)
Profit for the year before share of loss of a joint venture and associated companies 622
Share of loss of a joint venture and associated companies (822)
Profit (loss) for the year (200)
So the company made a small loss. Outstanding indeed.
More waffle about opportunities and talk of divestment to keep punters on hooks for another year. What a joke. What you need to realise with this company is that it has been listed for around 30 years and has gone nowhere. Just a nice little earner for those inside the company.
Agree with Jerry. I would not rule out another placing, which will be at a discount to the share price, so there is no point in supporting the price by making purchases in the market. I think at least another 12 months before this turns round.
Badly let down by Next and their outrageous flowers.
https://x.com/DartronTrading/status/1766787244268925107?s=20
How many more customers will get refunded?
Was just investigating...
Data on the IC platform shows adjusted EPS-23, which for the year just gone was 8.8p. The FY dividend was approximately 68% of adjusted EPS at 6p. The forecast Adj EPS for 24 is 6p. In that case there is hope that they can pay another 6p out in my opinion. I think they will want to, and they certainly have cash reserves, and may wish to behave more like an investment trust, where they maintain the dividend on a 'bad year'. If they kept up with the 66% of AdjEPS, we would be looking at 4p full year. Still ok IMO and a yield of 7% at todays price.
Market screener which uses EPS (non adjusted) does not paint such a rosy picture, with EPS of 0.6p next year., so in real terms the dividend is not well covered. What ever happens, historically this provides a great yield, so even if it were lowered, the pay back will be in years to come, when at todays price you could be on a 20% yield. Seems the broker target here is 87p NTM. Mainly rated as a hold / buy.
Really Qube research has reduced by 0.02%, which takes them under 0.5%, so the whole 0.5% position drops off the calculation. That said, I think buying now is a no brainer, as the shorts are closing and the price will recover. Might take a while though. Look at the buying today...
I wouldn't bother with the info on this site for shorts, they are pulling the headline numbers but not showing you the detail.
I certainly wouldn't buy any more of them just yet. I couldn't make an argument for this being in my top 10 best ideas for small cap companies. That said, with this particular company I will not sell at a loss either - there is no need. I guess I'm saying it is a hold for now. I would add if the price breaks down further - which it might.
The buy and build strategy does not seem to focus on insolvencies, which is puzzling. If anything I suspect this is positioned to do well in a booming property market now.
Barclays raises Breedon to 'overweight' (equal weight) - price target 450 (380) pence
RBC on Tuesday initiated coverage of construction materials company Breedon Group with an outperform rating and a price target of 5.75 pounds sterling.
No trades since Wednesday. I have checked this on a Level 2 data platform. It is fairly quiet on L2 order book.
This is one to wait for further developments. There cant be any stock down here, so slightest good news this will gap up. IMO.
Https://youtu.be/3_N2JucuT48?t=1098
Way more detail than you normally get from these fund manager interviews.
Agree with him, one to tuck away.
Note he is talking about comparing this to ALPH (Not AFM as was suggested in a previous thread here - different business).
Guys, I dont know that much about TB, but from my searches and looking at his other investments, I think this is a small part of his wealth. I will say that he has deployed a significant amount of cash here - and that is where my confidence comes from. I think this investment has been more difficult than he first anticipated, but the important thing is that he is still supportive. I expect he has great sway in the financial engineering (his speciality), but I doubt he is running the works etc. He is still is the largest share holder. I expect the sale and leaseback, and the building up and selling of Petrel were his plan to recover the finances. In the middle of that we are having a weak economy, higher interest rates and a bear market where you cant raise equity.
This company must have at least 30 employees, and huge out goings so that is where the money goes. Think of it as a charitable act, keeping a few folks in jobs going. Lets hope Karma rewards us for our kindness.