Yeah. I've tracked that there is atleasy 77.3% of shares held by Institutions/ insiders. It's probably more (when you add in the shares held by IIs with less than 1%).
Suggests there's very little free-float shares. its around 21m shares, but there's lots of PIs that wont sell at such a low price. I'm hoping those with 1% goes up to 80% soon - take them off the market :D
Yes - that's a point I agree with (directors being useless). It's unfortunate that the directors basically control the majority of shares here and are responsible for day-to-day decision making. That's what's putting me off. I think there will be an attractive entry point soon.
If its a long term hold - should be OK. Good luck!
Long term, if they get the strategy right, it will go up a bit. It's a £167m company at the moment, with over £2b in revenue. Even with a 2% margin (after getting rid of non-core areas), that 40m profit.
I think this will be a decent Brexit play - but who knows how that will end. The Whalley Bridge issue will highlight Kier can still deliver for the Government. if Brexit ruins our ECO, i'm expecting infrastructure projects to be announced.
Yep - I topped up in Proactis holdings instead and almost invested in Galiford Try lol.
Yeah - i'm wary of buying in now - Think I may wait for the share-price to steady itself a bit as it may throw an interesting entry point :).
I don't think any advice is useless, especially in the unknown :). 65jh is correct in saying a profit isn't profit until you press the sell button. Until it's realised, it's just potential profit.
I'm a holder and have topped up. I'm encouraged by it being 75% institution owned. But i'm also wary if there is no realistic bid (I wouldn't expect the BoD to sell for less than £1, and bidders may want it on the cheap).
I think, what doesn't help is the lack of communication from the company. I don't think things are that bad at Quiz - how bad can it be as they still generate a good amount of profit (underlying) relative to Marketcap, have no debt, etc.
I'm not a holder at the moment (have held in the past and got burned), but may enter soon, if it falls to my target entry point :).
Lol and here I was contemplating buying some shares when it was around 60p... wanted to do more research, and lost a chance of 100% return in a week. Lol, would have been a nice 6k profit with what I was considering to buy...!
Thanks for sharing that. It makes interesting reading. I did have some money in lindsell funds and made decent returns a couple of years ago. So will need to look into that again.
Hopefully your individual shares will pick up - they are all companies where i would have bought into (i held bt shares and sold out and considered putting proceeds into Vodafone!).
Fund managers do have the benefit of large research teams
Thank you for that. I did have some money in funds (getting burned by Woodford!) And will be looking at how this saga develops to see if its something I can handle.
Yeah I'm wary of dividend cuts - especially in a down turn market. But I'm happy with a yield of 6% at the moment as over time it should grown. I'm looking to have atleast 3 (Or potentially 4) income streams though. Will consider your advice though :) (just making my plans at the moment (or over the next 7 months!)
Results really aren't that bad at all. I'm looking to get into here - but waiting for the right price. There's enough cash and assets to support a long-term dividend at current levels (IMO). The move into China looks interesting. 8% Dividend - you can't go wrong. My target over the next 15 years is to have a portfolio that yields around £30k pa in dividends (miles away at the moment...). This looks to be a good candidate to add to help achieve that! :)
Yep I agree with this. A lot of people say £1 + is unrealistic because its only a target as its cheap. But this view forgets there is a premium attached to what a company is bought for. If it was targeted last year, it may have required a offer of over 2 quid a share.
Morning Crystalball :).
No worries - oh it's just a industry thing - put it this way - I was heavy in the building sector, but saw losses of over 50% (lol...). eventually, recouped my money (and got juicy dividends!). Make sure you are diversified - it's easy to pile into one industry, but one bit of bad news can be damaging.
Mistakes = lessons, so don't worry! I've made my share of mistakes (including out of stupidity - I meant to place a buy order for shares in a company, and accidentally hit sold LOL - lost chance to make £4k+ as I didn't look at the trade... lol). If you hold LT, you'll make money, hopefully! Just keep an eye on the full portfolio :).
I'd be happy to see this at £1.30 - but i don't see it happening. It's a takeover target because it's cheap and clearly undervalued.
Sorry about your paper loss at the moment! Once this whole Brexit guff is out the way, you'll be in profit, hopefully! UK companies are extremely undervalued at the moment. PHD is the only share I hold at the moment (I sold my other shares in March to re-develop my strategy and work out my position, but I have a few on my "watchlist" and they offer so much value (Quiz group, Keller Group, Galliford Try, Breedon Group, etc). You'll be up in no time :).
Turnaround is due to the new CFO. He has a good reputation for sales of non core units and bringing costs down.
I was thinking about buying in yesterday. But didn't. Will see where this ends - i expect people to start taking profits soon and I'll buy in a small amount later.