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From Proactive Investors:
"Housebuilders, which were among the leading risers on Monday, are now heading lower on the prospect of having to set aside further payments for fixing cladding on older buildings in the wake of the Grenfell tragedy.The companies have a deadline of today to sign up to a Building Safety Pledge which commits them to new remediation guidelines."
I get it's a sector thing, but can't investors please realize we are way less effected by this than the other big boys. We just haven't built the high rise blocks that need remedial works. Anyway, moan over. As you were....
GLA
True, it is but when was the last time this went ex divi with a war in Europe going on and energy prices through the roof? These are extraordinary times for the wrong reasons so personally nothing is surprising me right now. I have topped up again today as these are good prices and I will hold for years, but , i think we have to keep in mind the bigger picture than just the UK and housing market - (which does seem to be amazingly resilient).
Question is come the 1st April do I reinvest the lovely divi or take the cash.....
Topped up a few here (£1k) this morning as dumped IAG but have to admit to getting a bit nervy, just holding onto the thought the war can't last for ever and the divi is good.
Anyone any thoughts as to how this is can be bought to an end - Can you actually do a deal with someone like Putin- does he actually want one?
Good luck to all .
ilike - Who the heck knows!! But personally I can't see it popping - The market is too volatile right now and I think as soon as we get remotely near £24.50's it could drop again. Plus, even excluding Ukraine, there are a lot of other negative factors around and whilst I fully expect tomorrows results to be great, looking forward it's not difficult to put up an argument to say the house market will be a flatter landscape than the we've had the past few years. At the risk of sounding like a broken record, its all about the divi, and a long term hold for me. Then again I think you can say that about a lot of shares right now, not just us.
AV reports tomorrow as well and it will be interesting to see what happens as they are looking at a return to shareholders of £4bill odd i think - buybacks no doubt but maybe a special divi. Good luck to all here and fingers crossed for tomorrow.
All about the divi here now in my opinion and if investors feel it's good enough to buy in and hold. Think the chances of it rebounding up to high £20's / low £30's has gone for a while - Russia, interest rates, cost of living etc etc all negatives. Personally I'm in for the long term and can't really see a better place to put my £ bearing in mind the divi. It's a well managed firm, good land bank and with it's own factory has a pretty good chance of controlling supply chain and costs.
Good Luck to all invested here for Wed.
Sorry if I am asking a dumb question but what does this mean please:
"BAT was the day’s biggest faller, off 3.3% after the tobacco giant began trading without entitlement to its rather chunky final dividend." - from https://www.proactiveinvestors.co.uk/companies/news/974358/ftse-100-makes-quiet-start-to-proceedings-as-traders-keep-one-eye-on-ukraine-974358.html
Its not gone exdividend today has it?
Thanks and sorry again if a dumb question
They seem to have posted a strong set of numbers and positive forward guidance, so absolutely no reason to think we won't do the same here given the added control that the Harworth factory give us etc. Obviously looking forward interest rates are the lazy reason to be cautious but I see that as only slowing house price growth, and I think that's probably a good thing long term. At £24.50 these have a bit to run surely?
Agree, I've added £11k's worth in the last day or so but I am happy to hold long term.
Had hoped we'd of bounced more today but guess it's a combination of interest rates, Grenfell, Ukraine, and housing market forecast to slow holding the sector back?
Not sure we will see much real upward movement for a while but as long as the divi holds it will get back there. Just wonder if some big investors are thinking divi may be cut to put money aside for cladding repairs etc... (aware our exposure is less than many in the sector) and again maybe the politics of big payouts to shareholders at the moment makes some investors think the divi is at risk? Time will tell but if I had to, I'd say £27 by Easter provided results are solid. But then again I bought LLOY at 54.50 a share and its been red ever since :)
GLA
While nothing in this market is certain, surely at anything sub £24 this is a no brainer? Even just for the divi?
Appreciate interest rates are going north but think the BOE has been at pains to point out it will be low by historical standards and I don't see that as a barrier to people buying, mortgage market seems strong.
Good afternoon,
Anyone have any idea what's caused the drop today?
Dev
Afternoon All,
Just received an email from Shell Energy informing me they have been appointed by ofgem to take over from GOTO Energy, my former supplier that went bust earlier in the week. Seems a nice way for them to grow that side of the business and pick up 22k customers!.... GLA
@CHRI55 IMHO I dont see how the current level can be maintained if the business is to ever reduce its debt. And to move forward I see that as a priority. It's almost as if they are borrowing from the city to pay the divi. Problem for little investors like me is if they cut the divi the SP will surely get hammered. I sold out yesterday (at a loss) as there are better opportunities out there for me, and have already pulled some loss back with PSON.. I will go back in again with VOD but at what price I don't know. Good luck with what you decide.
@traderuk Thanks and know the feeling, same happened to me on RDSB! I think the boards are full of tales of the ones that got away/didn't go to plan at the moment. Had to stop myself a couple of times with buys that were more gambles than actual investments.
Got out this morning first thing after a weekend of thinking, and took the loss. Can't win them all, ... I would get back in, but Lord knows at what price. I can't really think this will go below £1 with the divi etc, but if it saw 105 I wouldn't be shocked. If they do cut the divi to concentrate on debt then it's pick your price time I think. Good luck to you all.
Wiscos - You make a good point re the divi, but I hate to think what may happen to the SP once it goes Ex. Like i say divi is all well and good but not at the expense of more of my capital. For me there needs to be some growth and I am not sure I see that element.
Umeed - Interesting perspective, but does mean we are reliant on VOD deciding if its got a debt problem or not. Might that not be the same as asking a gambler if he has a gambling problem? Not sure it (or any co) can self police that well?
Good weekend all and fingers crossed for a better week next week!