Member Info for Krustysmegma

From today's magazine: "Buy ME Group for its underappreciated strengths and growth potential". I can't post the link because it's behind a paywall but it's a very positive article. Berenberg has upped its forecast for 2024 profits, which may have been the catalyst for the recent SP rise.

SHED have until 5pm on 13th March to either put up or shut up, I guess things will become clearer after that. It does look like a good bit of business, which makes it odd why the bidding parties have seen their sp drop once they've been linked with API. My gut feel is that the Board will ultimately recommend the CREI offer (again), but we'll see what happens in a couple of weeks if not sooner.

I saw that Sam, presumably it confirms your posts of 27 Feb? Good that it's now cleared.

I've been buying in 5k lots down to 34.2p, never had a problem filling orders until today.

They want 37 to buy even though the ask is at 35

Not seen a buy go through at less than 34.6p either yesterday or today, unless anyone knows differently? Just wondering if this might be the floor. I'll keep watching for now.

Thanks Maninpink, that's useful intel. Anyone else in the trade in other parts of the country? How are things going where you are? Viewings/sales/sites opening or mothballed? Any info gratefully received.

I guess we're all asking ourselves the same question whitelye. For me it's all about the underlying performance of the company & let the dividend sort itself out. No easier to work that out though, at this stage. I have a small investment here as this is at the riskier end of my portfolio but would like to add if any clarity on the above emerges.

OK thanks Tyma, I'll have a look. Bizarre as you say - how on earth are "ordinary" investors supposed to make investment decisions based on information released by companies like this?

Great statement from the Chairman but I don't understand the numbers. I can only assume they've released the wrong set of accounts:

Total operating income 6 months to 31/12/23 £5.1m???

Total operating income 6 months to 31/12/22 £38.8m

Total comprehensive income before tax 6 months to 31/12/23 £4.0m???

Total comprehensive income before tax 6 months to 31/12/22 £37.6m

Makes no sense at all. Hopefully they'll release an amended version soon so we can see how they've actually performed.

Do you not understand what a cyclical business is avocet? At this stage of the cycle these appear solid results to me, in line with management expectations. That's not to say there won't be a dip on opening, but given the dividend has been maintained (unlike most of the major builders at this stage of the cycle) I think we might see a positive start. Let's see what happens at 8:00am.

Here we go, 35 on the ask again.

Hope you're right Sam, that would be a big boost to this share. Do you think we're likely to see a TR-1 confirmation?

Nay but I'll be ready if it does.

Good call elrico, hope you loaded up at the time. That would have been in the PhotoMe days of course, before they morphed into the ME Group.

Trying to push through 160p again this morning, be good to see it hold above that level.

Oogleflugal, you're right - LSE is completely wrong!

You'd have to be a dreamer to invest here. Which I am, by the way...

Same again sounds a bit optimistic to me. I mean, I hope you're right but with the one-off costs in Aus, reduction in the amount shipped in SA & falling coal prices I'd be surprised if it's more than half the interim. I'd be happy with that under the circumstances. Fingers crossed for a better 2024.

"Could be correct, recently got out even with the dividends and redeployed the money into GRF at 8.40e and Jup 72p"

How can you have reinvested money from a sale here on 30th Jan with a buy on 9th Jan?

Could be, could be. Trading down this morning though, suggests if there were any rumours circulating they've been quashed for the time being at least.