Member Info for eccles04

Amazing amount of garbage on this discussion these days - only lorries do "inland" freight ships can't do it because they don't have wheels.

I just knew I was right to buy a bunch of these. Thinks, better get some more while they remain cheap.

Barchid, Basically I agree with the last half of TBS comment and will they will be at least a medium term hold for me because of the inflation beating yield. I will add more if the market gets silly and drops the SP below say 270. The comment in the half yr report about Motability - "This partnership is expected to come into effect in 2023 and to increase our Motor customer base by around 15%.", is a bit exciting but we'll see.

Ahem Bar, This tax is probably due to stay for two or three years at least and nobody in their right minds leaves non-working cash lying around do they?

ONS doesn't mean much. When we were asked to fill in their bits of paper, we used to write all kinds of old rubbish just to get them off our backs because it was a pain and you got nowt for doing it.

The whole market seems to have eased off a tad just because of a minor tax change thus once again demonstrating just how stupid many investors are.

Manufacturers, etc., will do their best to keep Wickes supplied on the basis that one does not want to upset the big customers. That was always our approach when I was in business.

Nobody really know why LGEN shares "tank" every so often despite their good profit and dividend record for the past five years but there are some right loonies out there when it comes to share dealing. Earlier this year you could have had them for £2.45 which of course is pretty silly and within a week or so the SP was climbing again. Last autumn it was even sillier - £1.85 and i dived in and got a few at a bargain price.

Yes but accounting standards do not permit increased value of an asset to be recognised unless it is sold. Thus preventing speculative fraud by directors.

Accountant's view:- Enerox's profits can really only figure in BMN's accounts if they pay a dividend to same. However, one should be aware that if the value of Enerox's shares fall due to some significant event then the BMN board would be obliged to recognise that fact and make a charge to the P & L account equal to the depreciation or loss of value.

Hmm, I don't see much of a "decline in investor trading activity" rather I think that if anything it will increase because a lot of people have discovered that with due diligence one can get a much better return from stocks than banks inter alia are prepared to offer at present. My own small portfolio has returned around 5% over the past year, excluding capital gains and no deposit account will offer anywhere near that at present.

Can't help wondering why it's taking two and a half months to produce interim results; are their accountants on a go slow or something? When I was a chief accountant a few years ago we did it in less than a month.

Having another look at the half year results bodes very well for the final dividend IMO.

Trouble is all computer systems have bad days - even the big banks on the odd occasion. From my own experience of many years I can tell you that it's because computers do nothing until a human tells them to do something and there are no perfect humans. In fact I am surprised that it doesn't happen more often considering the number of so called accidents that happen on the roads every day.

Probably because 1. Its hard to tell if recent results will be sustained. 2. Although we have now seen some divs, the yield is quite poor for such a low SP.

barchid
Just had a read as suggested. Now I do not want to pour cold water but I had much first hand experience of "systems" before I retired including watching two go badly wrong. We decided at one stage to buy a copy of SAP as it existed at that time and it was so feindishly inflexible that after three years we gave up and bought Oracle instead. The number of pitfalls which can occur was/is quite amazing to the uninitiated as I believe DLG found out when they originally tried to use IBM a few years ago. What am I saying? - If they have got it right and fully tested this time, it could make a bit of a difference but dont count yer chickens. Oh BTW I included the divs when I did my "conservative" ten year calculation.

@barchid, no worries I ignore all trolling anyway, not that you are a suspect. I know no more than you and their buy back exercise is an as yet unsolved mystery to me. They say that it is "to reduce capital" but in the overall scheme of things it seems a bit miniscule to me.

Hi Bar, As I have said to my bro more than once, this is the point at which you must learn not to panic (he does tend to do that at times). Instead stop and ask yourself two questions: 1. Why did I invest here in the first place? 2. Are the reasons still vaild? We have to remember that a lot of people in the market are incapable of thinking properly or worse still are pure gamblers and cannot think logically at all. May I gave an example: I hold LGEN which regularly pays very acceptable divs yielding presently around 6.5%. At one point last year the SP was around £1.75 which was completely bonkers vs the current £2.70. This utterly lunatic behaviour was caused by a combination of some of the lunatics who do "trading" and some of the less experienced who get into a panic. Of course within a few weeks the price returned to more normal levels and I suspect that a few individuals managed to get themselves a bargain while the lunacy prevailed.

The thing which most people miss about this outfit is that they will probably double your money in around ten years and there are not many investments that will do that without effort.

I doubt if buying back 16m shares will make much of a difference in the total of 1348m; that's about one percent by my reckoning.