Member Info for Finley1

No mention of payment terms, so unfortunately you have to assume that they are not favourable. Yes, a cynical response but if it was favourable surely they would of published in the RNS.

Not a great deal, if Lgen are only getting half the money now, and the rest over 5 years, we are in theory lending them the money to make profit.

Obviously the market is not strong at present, so I suppose this was the best outcome.

Pokerchips, where do you see the share price going into next year. As I’ve said I reckon shares bought now will be worth more money. I reckon £7.5/£8.

What do you do, do you buy shares or are you a options trader ?

Finley.

Pokerchips, as I said to you previously you are astute on the intricacies of the market. I don’t think what you post has any relevance, why because the markets are so technical and global

and far too complex.

Goldman Sachs for instance have a trading desk, they might be pushing the bid down to buy more shares on behalf of Prudential. Norge May be playing behind the scenes, hedge funds are shorting the insurance sector apparently according to the media, it all goes on.

Ultimately who knows what’s happening to a share price, probably only the 1% of traders who have the experience and the software to follow the buys and sells, and they may even be able to workout who is a principal buyer or seller on theSETS based system.

I don’t care, I think the average investor doesn’t care, when the trend changes the share price will go up and investors will be rewarded. That trend will be established when in my view we get cheaper money, up to that point these organisations will play with the share price, and as I said I have no interest in what they are doing, I believe in my strategy and I think shares purchased now will be worth more money next year.

By your very name you appear a gambler and as I said to you previously I’ve known a few and they all went skint, bond traders, foreign exchange, Spot oil traders. The only truly wealthy ones are the old school stock brokers who buy shares.

Pokerchips, You come across as a head master constantly going round and correcting on the technicalities of the market, you of course have more knowledge on the intricacies than the average investor.

All I can add is I’ve done rather well out of buying in tranches, I don’t use options, cfds, short puts, long puts, or any other put, why because I’ve known a lot of traders and they all end up going skint other than the top 1% living in Monaco with their feet up.

Good luck to you on your strategy, but I’m a long player, and I think next year will be good for the longs high are purchased now.

Finley.

Pokerchips, I do know all this. UBS and credit Swiss between them have been liquidating holdings. As you know there is a tie up between their businesses. What we as investors are interested in is why the share price is where it is, and trying to work out their joint strategy.

Is it because of hedge funds shorting insurance, a forced seller or just market doldrums. The share price seems to me to have stabilised, this would suggest that whoever is betting against the Pru has set £6 as their threshold, as it’s bounced from this region before.

Pokerchips, yes the statement says they reduced below 5% it also says that their holding is now zero. So, without info on minority stakes once the register is updated it’s a fair guess they are out.

Buffett selling Bank of America, even the ceo doesn’t know why. Well maybe because interest rates are coming down. The sector pick I would say Goldman’s.

Something to think about.

So it appears UBS are now out, that would explain the extreme downward pressure on the share price over the last couple of weeks. The UT trades at the end of each session seemed to suggest someone was happy selling below the ask price in order to clear a position.

If you were a betting man buying at these levels has to be a decent bet now that they have cleared. One would dearly hope so.

Good luck.

It just reaffirms the point that the FED are clearly behind the curve in my view. Hopefully, Pheltz will sort it out, I’m assuming he is still involved . Unilever has done well since they got rid of that absolutely useless CEO, so hopefully the story can be repeated here.

In a nut shell, you don’t know yet the effect a Labour government will have on the Barratt shareprice. My view as stated it will be negative. Based on a long career in construction, owning property, running businesses and being one of the few selling up and moving on.

On the share buyback front I read that it will reduce the share allocation by some 8%. I dare say that figure will increase with the share price at its current levels.

I also saw this morning that Chinese exports had increased for the period reported. Maybe the share price is being walked down for a take over approach. I’ve checked the share holder. Register normally I’d expect to see 60/70 % in major hands, Blackrock appear the biggest holder. Norge bank are a holder I’ve been in their company before they are quite the trading bank on the quiet applying various instruments to increase their share holding.

Something to think about.

People ask yourself why there is a departure of millionaires from dearest Blighty. These people are not stupid. The answer is the game is changing, you can either sense it or not, Sugar says it’s his gut feeling, it drives his investment decisions.

So,property as an investment under Labour will not be good for the small investor as Labour want to follow what predominantly happens in Europe, that is big corporate landlords and affordable rents. Ultimately the bigger picture is for the individual to own nothing. It’s fairly obvious to see how the socialist model works. You as an individual who owns houses and rents them out, that model is and will be taken away from you the landlord.

The writing is on the wall. Something to think about.

I’ve looked at the half year report again. The management appear to reinforce the statement on future growth. What is unclear to me is the statement on profit regarding short term values.

As previously mentioned I’m assuming that the short term values will eventually become fully valued, this then would confirm why the brokers have their targets. I’m of the understanding this is to do with new accounting procedures.

This is the only point that I don’t understand. Other than that I’m happy with the investment, why well in the short term it now appears that Goldman’s are taking advantage of a low share price to reduce the share allocation.

Surely this has to be a positive.

‘Could be very beneficial in improving volumes’. Er I don’t think so. Big business ie the government, Lloyds, Blackstone, Blackrock, and any other large player that enters the market will want a book value discount.

Seeing as this is a partnership deal, ie building council/social housing the margins are about 10% compared to say 20% for a historic privatelysold house. It appears as I said that the good old days of cheap mortgages/help to buy are now historic. What will the Labour government do to encourage housing my guess is more deals like this, they are not interested in the private market and the builders making large profits, that is quite clear.

If you think Reeves will want to support the builders in the next budget where they were making say 20% on a private dwelling you need to extract your head from the sand !

Something to think about.

Not impressed with the RNS. It’s basically a partnership deal on a greater scale, these deals will offer a reduced margin for shareholders. Seems quite clear that big business, ie Lloyds want to control the narrative moving forward, which will mean reduced profits for the big house builders.

Why own the shares at the present valuation, once the numbers come out on the build costs the share price will surely retreat as margins will be reduced.

Something to think about.

Yes, I’ve just seen that, maybe the trader was away. Good to see decent volume now resumed.

Thanks.

I don’t know if anyone else has noticed, but the buyback has been reduced to 10,000 shares a day. The programme started fairly aggressively buying back 200/300 thousand shares, but has since reduced. Maybe Pru see the share price going lower consistently.

This company is becoming hard work to fathom.

Something to think about.

IFRS the new accounting standard is creating havoc. My understanding is under this new standard parts of the business are valued as future earnings. Don’t you just love accountants for creating this issue, it’s the same with Lgen apparently hence the share price doldrums.

Prudential talk about future growth, so unfortunately this share becomes one to lock away and forget about until the off balance sheet values can be realised, or a predator takes the business out, with no interest in the modern methods of accountancy, as they will understand the businesses true value.

Why own the shares. Dearest Angela will unfortunately push the share price down . Markets have not priced in her influence in affecting the builders bottom line. With the planning changes going forward and more affordable housing that will reduce the builders profits, her crackpot interference is not financially fully known at present, and can only be a negative.

Something to think about.