Member Info for humdrum

The trouble is that cost cutting can only go so far. Baldock may be sacking everyone in sight but I don't see any signs of much in the way of a new and enhaunced marketing strategy. And the days when queues formed round the block when a new phone was launched are as one with the songs of yesteryear.

The P/E is attractive, but profits are expected to be 80% of last years and flat line until 2020. And the profit to revenue ratio is barely 3p in the pound.

I think that I will sit this one out.

Nige-W, I think that your thinking is sound and if everything goes tits up, that is because that is what markets always do.

Unless Barnier and Juncker are buying property in Westminster or Phil Hammond intends to sell up and flee to Brussels I can't see how Brexit will have much effect on the construction industry. So I think that I will take that punt on Bellways.

BWY does look promising.. The profit forecast for 2019 isn't much better than 2018, but it isn't that bad either. The P/E is about 7 and the share price is 8% below the 12 month mean and starting to rise. And I can't see any evidence of them buying in profits, so I might follow up on Nige-W's tip and take a punt

Both shares have been bouncing along the bottom for a couple of months and both companies have decent profit to revenue ratios, so an increase in the SP is due. That said, Barrick is the bigger, but the profit margin is less than that for Randgold, so it could be that John Thornton is buying income rather than growing it.

I have made an underserved profit of 3% on this deal, which just goes to show that God likes a joke. I think that I will sell up and come back when the dust settles.

According to my calculations which are invariably wrong, this share is about 17% below its 12 month mean. Bearing in mind the decline in profits from the previous year, the rise in forecast profits for next year, the uncertainty over Brexit and the fact that there is an R in the month, I expect it to trundle up to 6000 by March 2019. That, plus the expected 2% dividend, should provide me with a total gain of about 24%.

Gotta run. Emilia Clarke is standing on the doorstep in her birthday suit and wants to know if I have plans for this evening.

I would go for 630.

I really don't like long term holds. It just gives the management that much longer to screw up. That said, I reckon that everything will nose dive before 29/3/19 and pick up a month later. So it would be interesting to see what the price will be next May.

Dunno Dividendchaser.

To my way of thinking, the markets are always worried about Brexi, the falling/rising pound or the failure of the Colombian coacaine crop.Barratt's won't be doing anything clever for a while, but the SP and P/E are so low that the former should easily climb over the 600 mark. As for Mr Carney, would you seriously consider giving him a job as a toilet cleaner, even without the promise of a brush in five years?

According to my sums, the average share price for the last year has been 588. Most shares bounced around plus or minus 10% of the mean and although Barratt's profit forecast is not overly inspiring, the company should tick over quietly and the SP reach 633 by the New Year.

Unfortunately the markets lack the coldly scientific approach of Mark and the rest of this board and will probably run around like blue bummed flies, with the result that the SP will go up and down like a working girl's under garments on payday. Even so I think that this share will rise because Barratt's is a solidly run outfit and has largely resisted the urge buy profits by aquiring various other dubious outfits.

Bugger.

I did not see that one coming. It looks like I jumped ship too early.

Congratulations to everyone that hung in and kept their nerve.

"although RPC claim to be one of the leaders in recycling plastics, its still not an industry you want to be invested in."

There may be something in what you say, but we are here because we know that if we buy shares in unpopular companies there will be the chance to make a few bob on the upturn. RPC does not make drinking straws or baby wipes and in so far as profit forecasts are worth anything (which they ain't) 2019 looks good. So why has the SP nosedived ?

Bit of a disappointment. Revenues are flat, profits are expected to fall and Alex Baldock has come out with some upbeat CEO speak that translates as wait and see.
[url]https://uk.webfg.com/news/news-and-announcements/dixons-carphone-sales-remain-flat-in-first-quarter--3472452.html[/url]
I was hoping that this share had bottomed out and that it might be time to buy in but I think that I will wait a little longer.

Gott segne Deutschland

I was only hoping for 631

Time was when the markets ran on alcohol and cocaine but now it seems to be down to a bunch of treehuggers.

Still, as has already been said and unless there is something we don't know, the SP should bottom out soon and we can pile in again and make a few bob on the upturn.

I have cashed in. It could just be the market panicking because that is what the markets do, but I will take my extremely small profit and invest in a few bottles of brandy.

Once I have finshed the grog I will return and apologise for being so faint hearted. However, I cannot help but recall that the original Pandies were gallant freedom fighters who were at the very forefront of the movement for Indian independence, but many of them still ended up being blow out of the mouths of British cannon.

Not yet Pandy, but I think I might. This share should not be falling but it is. There is a bit in the movies where the chap bucks the markets and goes homw with baskets of cash and dolly birds. But this is not a movie. If there is going to be a crash then I would rather have some spare cash to pick up the bargains when everything bottoms out.

I think that this is a good share, just the wrong time.

Oops! You are right. For some reason I thought the ex div date would be 1/10/18. An agreeable surprise. I will hang on until early October.

"What's not to like apart from the current share price?"

The current share price.

"So why are you jumping ship? You've said plenty of positives in your post. Is it because you think all is not as it seems?"
Dunno Pandy. Everything looks kosher. RPC does not make drinking straws or any other the other unfashionable plastics and so the SP should be climbing. According to my albeit very rough calculations, it should be heading for 880. Instead it is bumping along the bottom at 760-770., so it may be that I have missed something. As I said, I will give the SP a couple of weeks and if no improvement will take my money elsewhere.

I don't want to be a downer and I like the look of RPC, but this company has forecast profits for 18/19 that are 25% above the previous year, has an attractive P/E ratio and does not appear overburdened with debt and yet the SP is 11% below the mean for the last year.
I think that I will wait another couple of weeks and if there is no change will jump ship.

I don't want to be a downer and I like the look of Barratt, but this company has forecast profits for 18/19 that are at least in line with inflation, has an attractive P/E ratio and does not appear overburdened with debt, yet only 6 weeks from going ex dividend the SP is 11% below the mean for the last year.
I think that I will wait another couple of weeks and if there is no change will jump ship.