Hope you are right, that's about my avg, been here since 2013 for my sins !
Looking good now though, but not holding my breath, this has been a much better share to trade than to hold !
This was supposed to be a nice safe bet with a decent yield to offset my riskier investments - not exactly the end of the world but disappointing considering the benign current interest rate & property market environment !
More positively management seem to appreciate they have taken their eye off the ball and seem determined to put it right - right decision to forego their bonus !
Well run company with solid results in both areas of the business which were separated when the business was restructured a couple (?) of years ago. I believe this makes the firm a natural take-over target in the current positive house building environment and at this stage in the cycle, and a good fit for some of the big boys, happy to be a LTH in the meantime with a 3.5% Yield !
By another 12% just what is going on here ? Wish I had the confidence to add some more but not not feeling it is the moment right now - hoping to be proved wrong !
Hard to believe we were pushing 330p less than 3 months ago !
Sadly, Woodford having a large investment doesn't instil the level of confidence it once did.
Seems a long time ago now ( Sep 16 ) whilst I understand the concerns raised in earlier posts the pull back seems overdone ( as did the high based on early promise / enthusiasm ). Personally I see this at around 105 - 110p reflecting the NAV of 106p with any risks offset by a decent 6% Divi. This is still below the July open offer price of 109p which is perhaps why it wasn't fully subscribed this time, I didn't subscribe myself on this occasion as I felt the price was on the strong side and I'd recently reduced at around 114p so I suppose I shouldn't be surprised ! Numis clearly weren't impressed with the results/outlook and we now are approaching the level of their 94p reduce level.
Quite ! Overdone IMO, this share seems to regularly trade up and down between the 60s & 80s, just added a few more just above my long term average, expecting this to rise again toward EOY results.