Member Info for JNJONES

There are a number of MSCI small cap indexes - regional, world, sector specific, weighted, balanced etc.

As far as I can see, there are 9 ETFs that currently hold ITM. They are of course hydrogen and clean energy funds. This lnk will provide more detail on each one:

https://www.justetf.com/en/stock-profiles/GB00B0130H42#chart

GLA

Mattyjenk - you've absolutely nailed it. Working with HAs, shared ownership models etc is a sure sign that a company is resigned to delivering low margin works. Winning new work or commencing major build schemes means absolutely nothing to the P & L unless you can make good money, even allowing for construction risks and delays.

As the old saying goes, "top line is vanity, bottom line is sanity"!

Well said gazellman - your words expressed the sentiment of quite a few of us who follow this board!

You are deliberately misinterpreting my response.

Renegotiating is completely different to negotiating. Renegotiating occurs when someone, possibly in supply chain, has made a serious mistake in the original negotiation of a price. This is often through lack of knowledge or experience. You say that you worked in supply chain…………..

“renegotiating supplier terms, discounts and payment timing is standard practice in construction”.

Renegotiating supplier terms and payment timings is never a positive sign of the financial health of a company. Anyone who knows anything about this industry will immediately recognize this as a tactic used when a construction company has mispriced a development or has serious cash flow problems and wants to unburden some of the pain onto its supply chain.

Such companies invariably undertake aggressive negotiations with suppliers to reduce prices or extend payment terms in order to buy some time to resolve their own internal issues. Sometimes it works and they are able to trade through the difficulties, but there is always the risk that the problem grows and grows until it has to be declared as a right down etc.. Another tactic is for the company to delay the release of retention monies.

You may view this as standard practice, but it should be a red flag for any investors. That said, I the share price is now very tempting for any new entrant or for current investors to average down.

Icecool – as many here will be aware:

RBC Capital Markets used its proprietary data to track price changes on 1,258 Vistry homes listed on the company's website as of 3 January, checking back on 13 March to see what had moved.

43% of those homes had seen their price reduced, with the average cut among discounted properties running at 6.4% – equivalent to roughly £20,000 to £40,000 off a typical home.

That compares with the current City consensus, which assumes Vistry's average private selling price will fall by just 1.4% across the full year.

Then there’s the report in The Times suggesting Vistry had halted payments to some suppliers as management focuses on preserving cash, with the group allegedly seeking payment deferrals and discounts from subcontractors.

If there are not serious issues at play, I and many others would be interested to hear the CFO explain or deny the accuracy of these reports, and the 50% drop in SP over the last four weeks? At the very least, the CFO purchasing a decent volume of shares would be a positive sign.

Anyone who follows these boards has heard it all before - someone who doesn't really understand investing and has overcommitted to a single share. They blame the government, blame manipulation by the MMs, blame the shorters...........in fact blame everyone but the one person responsible for their poor investment decision i.e. look in the mirror. And of course, there are those of us who try to catch the proverbial falling knife. (I am guilty of that one as far as Vistry is concerned).

There's clearly some serious issues behind the scenes at Vistry and the CFO must be held accountable. Let's hope his numbers are more accurate than the rubbish being spouted by giantsquid - an amateur investor who has overinvested in Vistry and relies on social media for research. And, for his benefit and in response to his earlier rant - the most recent numbers from the ONS:

• The public sector recorded a £30.4 billion surplus in January 2026, the highest surplus in any month since records began in 1993

• Borrowing in the financial year to January 2026 was £112.1 billion; 11.5% less than in the same 10-month period a year ago

• The current budget - borrowing to fund day-to-day public sector activities - was in surplus by £40.9 billion in January 2026; this brings the total current budget deficit in the financial year to January 2026 to £55.9 billion, which is £18.0 billion or 24.3% less than in the same 10-month period a year ago.

• Central government net cash requirement was in surplus by £39.8 billion in January 2026; this was a £24.6 billion or 161.4% larger surplus than in January 2025

This government is far from perfect - but don't blame them for your poor investment decisions.

Giantsquid - where did you get your £50 billion number - Reform social media perhaps?

As per the Commons Library transcript for Chargos - "The UK will pay Mauritius an annual average of £101 million for 99 years in 2025/26 prices, totalling around £3.4 billion".

You appear to have made a poor decision to invest in a company that has skeletons in the wardrobe. That was your choice so stop looking to shift the blame onto the government (who incidentally inherited the debt from the Boris fiasco during Covid).

Your investment choice so either live with it or sell and move on.

EarEyeAm - thanks for the information and updates.

One query - you quote "pending approval by the House" and then explain that this means "automatically approved". Surely "pending approval by the House " is rather different to "automatically approved"?

GLA

Hi Wise - can you expand upon your comment about the type of deal they may have done?

Thanks

Here we go troublesome:

https://www.youtube.com/watch?v=vlwd8hlXDrU

GLA

Thanks Bilbo

To answer your ponts:

Seriously? Yes. But you have avoided the question and used an ad hominem argument.

I have invested in the markets for forty years - 1987 was a painful lesson but a worthwhile one i.e. if you invest in quality companies, hold your nerve when the market moves against you.

Of course I've seen the USA overnight - not sure why you ask this unless you want to link this with ITM's SP decline since the Shareholder event?

I have monitored the SP for four years and been invested for two years.

As you say, the markets do look forward and that is precisely why I asked a genuine question.

And I repeat - GLA

I sincerely hope you're right.

However, despite the enthusiasm on this board pre / post factory visit..............the market and serious investors are not buying it.

Any thoughts on why this is the case? If the shareholder day provided compelling evidence/reassurance about the future prospects, where are the

buyers?

GLA

Well, pratts do catch mackeral but not tuna - oops, spratts!

Only joking Seaangler!

"I don’t recall anyone keen to buy Carillion at the time" - I can assure you that there were parties interested in certain parts of the Carillion business. However, the potential buyers were only interested in cherry picking and submitting low ball offers for the profitable business streams. The power was with the buyers - their options being an asset stripping action plan or simply sitting back and picking up the contracts and resource for nothing if Carillion went out of business.

That is exactly what happened and it could be repeated here.

I mean, why would a competitor or another interested party pay anywhere near full market value for a company that is probably too big and has too many risks?

I suspect Sidara has their Plan A - a cheeky ultra low bid, and a Plan B that would see a much slimmed down and highly profitable WG emerge from the ashes? The problem with Plan B is that they would likely be competing with several other interested parties.

Apologies for the negativity, but this is meant as a gently reminder that Sidara will be ruthless in pursuing an outcome that benefits them; in no way are they concerned about WG employees or us small PIs.

Word of caution; Carillion was allowed to fold - Revenue £5.5bn, Order Book £16bn (predominantly government contracts), Employees 43,000.

FWIW I took 50% of my holding off the table on the back of Friday's rise. I now intend to sit tight and hope for the best!

GLA

I was not aware that it was a requirement to use this site to declare ones nterest in owning OSB shares? (:)

Chief People Officer is a fad title for what is a routine role- certainly not Exec level. This is a sure sign that the company is losing sight of reality and that the Board is feathering their own nests instead of focusing on shareholder returns. I'm out.

GLA