Member Info for Krustysmegma

Lazarus, why is it illogical? The HNWI has exercised the first tranche of warrants - why? You don't know, I don't know. Some have speculated that this is good news (certainly the fact it adds to SAR's coffers is beneficial); I'm just putting an alternative view (which, by the way, is not my personal view, I just like to see a balanced debate). Apols if you find this offensive in some way, that wasn't my intention. Awaiting more news flow with anticipation...

Exactly, great bit of business!
Don't misunderstand, I don't think the HNWI is selling now or in the near future, but it can't be ruled out. That's the point I'm trying to make here.

rioutd777 or to sell them and make a profit, of course. At the current sp, a profit of c. 135%. Let's see...

Ahfam3, are there other holders of warrants for 6,428,571 shares at 2.8p??? If so, could you reference the RNS please?

Tidal, not that I'm aware of.

It'll be interesting to see exactly how altruistic the HNWI is. If they're genuinely here for the science (for the record, I don't believe that for one second) they'll hold what they have and exercise the next batch of warrants in due course. If they're purely an investor looking to capitalise on an undervalued share, they'll be selling a chunk sooner rather than later (hedging). I'll be watching the late reported trades for the next few days...

So the 3 things I thought would be interesting from the BDEV update were:
Forward order book - 14,334 homes (unchanged) but "we are substantially more forward sold for FY22 than we were at the same point in 2019 for planned FY20 home completions."
Viewings data - they don't seem to report it, unlike TW.
Cost pressures - 2% inflation f.y. 21, currently running at 3-4%
More steady-as-she-goes than earth moving but the market is gradually absorbing the news and seems to like it.

The special divi was 10.7p in 2019, and 10.4p the year before. Of course there's no guarantee it will be at that level if restored in 2022 but anywhere near that amount would see a serious re-rate of the share price here. Or a double-digit windfall, either way it would be great news for investors.

oogleflugal, at the minute the trick seems to be, if you don't like the buy price today, wait until tomorrow & you probably will. Selling is trickier, best avoided for now I think.

Hi Tovers,

I'm with HL. I've just added some more of these at 85.175, offered the price straight away and dealt. HL tends to be a bit more expensive but I don't experience the kind of issues people have reported with other brokers (e.g. "can't buy XX share/fund as the platform doesn't support it").

Looking good here so far, roll on the first dividend payment!

It's a dilemma that's for sure. Every time I think the sp can't go much lower it plunges again! I suspect SC could be right, the market wants to see evidence that the core business continues to grow rapidly and the new acquisitions are adding to the story, not detracting from it. We'll soon be back at the placing price at this rate! Head-scratching time...

BDEV due to provide a trading update to the market tomorrow, we should have more idea about the direction of travel then. The forward order book, viewings data and cost pressures will all make interesting reading for TW holders.

ilhb the bearish trend started on 15th April so no, I don't agree. I sincerely hope the two recent dalliances with 160 represent the bottom of the recent bear run and that we see a bullish trend through to 2022 now.
Glass well & truly half full this morning!

That's a really good question Pluckytrader, I wish I knew the answer. I know that TW was much more active in the land-buying market than most other HBs during the downturn, and the market perceives this as a risk in the context of a house price collapse. Equally though, if prices hold up or increase, it could prove to be a very astute move going forward. I offer this as a possible explanation, others may have alternative suggestions?
Glad to hear you're ahead, if the special dividend is restored in 2022 (as hoped) this could prove a very good investment. K

No we tend to steer clear of Great Yarmouth for the reasons you mention. We stayed around Holt, Wells, Holkham etc. Fabulous lunch at The White Horse at Brancaster Staithe, looking out over the salt marsh. Looking forward to going back again already.

Thanks for the update Ben, certainly be interested to hear if the sales slowdown you refer to is a local issue or more widespread. K

Hi all, just back from a lovely week away in North Norfolk. Haven't had a proper break for 18 months so nice to have a few days in different surroundings. It's extremely busy there, bodes well for UK economic recovery if that's typical of people having a "staycation" this year.
Looking forward to a positive update on Thursday, we seem to be trading in a range of 108 - 114 now having been stuck between 102 - 108 for some time.

Yes RudolphToo, sorry about that. Rookie error, I'll try to pay more attention in future! Thanks for the correction.

pawnsacrifice sincere apologies, my mistake. I read the 6-month chart on here without moving the scale back to the listing date. You are quite correct, thank you for pointing this out.
I remain bullish on this share, at c. 135 I'll be adding some more. Plenty of growth opportunities to come from the diverse, and growing, portfolio of products.

adv11 yes, deducted from the cash in my ISA and SIPP every month, described as "management charge" or similar. There's a suggested minimum cash amount that they advise you to hold in the account, to cover month-end fees. I don't know what would happen if there wasn't cash in the a/c to cover it because I always ensure there is. I'm away for a couple of days now but when I get back, I'll add up the amounts deducted in the last 12 months to see if it tallies with the total shown as "charges" on my quarterly statement, or just the HL element.