Member Info for Krustysmegma

Nobody seems to have picked up on their intention to sell the tendered shares on the US market. So, a 5% premium plus or minus any discrepancy between the UK & US share price during the tender period. That's how I read it anyway?

Appreciate that Aber, but the shares I'm buying back now were originally sold at 6.03 in old money (about £30 at today's rate) so not much more than 1% of what I sold them for (that can't be right can it? I think it is though...). I'll keep buying down in larger volumes as the price drops, it's really ridiculous now how many shares you can get for a couple of £K and if they want to throw even more at me, I'll just keep building & building my position here until I spend all the winnings. I understand I could end up with 3/5 of f*** a** but the worst case scenario will be not losing any money and who knows, at some point it could still come good. Nothing has fundamentally changed apart from a lousy funding deal. Some of the directors are hurting much more than me so it's in their interest to sort it out for us. I've more than achieved my target here to hold 0.1% of the company so if it comes good & goes to £1Bn mcap (yes, I know, but IF it did...) my shares would be worth £1m+. I guess that will change after the next RF issue but I'll cross that bridge.

So that's another 5,000 added at 39.4, I know I said I would add 10,000 below 40 but the way things are going there could be buying at 35 by the end of the day or tomorrow so I'm holding back some funds just in case. GLA.

Buying at 40.00, sells at 36.55 Hold on to your hats.

There's no comparison with GRID, they're completely different business models. I thought you said you'd done more research?

This is UK market capitulation in the face of higher-than-expected US inflation reading. And it's not pretty.

Thanks again strictly for your additional commentary on the current shenanigans, I hope the BWY investment works out well for you. I didn't listen to the love-in session I'm afraid, I tend to think that personal motives far outweigh any corporate or shareholder interest in such deals so tend to take them with a pinch of salt. You mentioned Steve Morgan's alleged blessing for the deal, presumably he'll find it a lot easier to shift his holding in BDEV shares than he would have done in RDW without shaking the market, so that could account for his apparent appetite for the deal. Who knows? Anyway, enjoy the rest of your time in Spain, don't rush back here because it's bloody cold & miserable still. Best regards. Krusty

Watch for 2023 full-year results on 22nd Feb stargate, we should know more after that. The 6.4p includes a special but doesn't include the final for 2023, so really need some clarity going forward.

Goldeninvestor (my god they're coming out of the woodwork this morning) Jeremy owns a controlling interest in the company. If he hadn't continually bankrolled it by buying shares over the years there'd be no company! Are YOU going to buy him out?? Perhaps IQ7 thinks there are people lined up to buy him out??

IQ157 (you wish...), that is easily the most ridiculous post I've read on any board on LSE. Ever! I mean, just read it again man & try to understand what you've written. Clue: There's some help from Torino in the next post on the thread for part of it, the rest is just nonsense!

I get the analogy, thought of it myself, you could even stretch it as far as Bentley if you wished. As the new Skoda Enyaq Coupe starts at £50k you could even argue that all the marques have moved up a division, and that Skoda is now a premium brand, although it's taken 35 years to get there. I'm just not sure you can assume that people buy houses on the same basis as they buy cars. I guess we'll get some answers if this goes ahead.

Thanks for the link Meconopsis, as you say well worth a read. TBH though, the more I read it, the more I wonder if it will work at all. Will Barratt, as the senior partner, try to run Redrow as a volume housebuilder, cutting corners wherever possible, and losing sight of the "premium" USP that Redrow aspire to? Will traditional RDW customers be happy to pay a premium price still, knowing that, in effect, they're buying a Barratt box? We'll have to wait & see. It doesn't look like a marriage made in heaven to me though I'm afraid.

Thanks Strictly, interesting commentary as always. Can appreciate how difficult yesterday must have been for you. I know if it had been TW., after a 16-year relationship with the company, I would have found it extremely unsettling, premium or no premium. FWIW I still think the MMC could get involved, no doubt we'll find out soon enough. Hope for your sake that BWY continues to evade the grasping hands of larger, less nimble, developers.

Agree, interesting analysis & food for thought. I guess everyone has their individual positions and reasons to be invested here. For me it was to diversify from TW. where I am a long-term (2008) holder sitting on significant gains but looking for decent dividend income. I chose BDEV and PSN but my timing was terrible and both have been underwater virtually from the moment I bought them.

Whilst PSN remains a basket case & the yield has dropped dramatically, things were improving for BDEV as both SP and dividend improved. Now the dividend has been slashed and the SP is heading south again. I'm not convinced they will be able to drive the kind of economies of scale that are required to get the yield back to what it was previously, let alone improve it. I appreciate not all investors here are income-seekers, but I suspect the importance of the dividend to investors is much more important than perhaps the Board realised when agreeing this merger.

So, for me personally, I can't take any positives from it I'm afraid. I have yet to decide whether to stick or twist.

Oh yes, thanks for the correction Meconopsis. I don't know how that % sign slipped in there, it should have read 1.75x. Apols also to buller for any confusion, senior moment...

I wouldn't worry too much about the whole "buys vs sells" stuff tbh. If you're a trader it's vital information but for long-term investors it's irrelevant. The bid has held at 66 pretty much constantly the whole calendar year so far, today we're XD & it's now at 65 so not too bad all in all. GLA

Nice lift this morning, hopefully a sign of better things to come. Look forward to results day on 22nd Feb with positive news.

No, it clearly says in the text they are reducing dividend COVER to 1.75%, which is actually an increase from the 2% the previous year. It doesn't offset the reduction due to lower volume, profit etc. though.

The contrast between TW. yield and BDEV now is pretty stark. TW. c. 6.5%, BDEV c. 3.0% (assuming 10.1p final here). TW. base their dividends on NAV so unlikely to fall to this level.

Do you have any thoughts on today's developments strictlybricks? Always value your insights. K