Member Info for Krustysmegma

avocet123, 4% interest in a cash ISA? I think you might be waiting a long time to see that, and if you do it won't last long. Wish it was true though, it would make life a whole lot simpler!

dimi, the flaw in your argument is that repayments on a loan are guaranteed (i.e. you can guarantee you'll have to make them) whereas dividend payments are not. What would happen if the dividend was suddenly halved, or cut completely if things got really bad (& they may get really bad)? Borrowing money to buy shares is best left to the professionals, and even they don't always get it right (see Norwegian Sovereign Fund). I will add to the support for the position advocated by PhoenixRising53 to drip-feed your investments, which is similar to my own approach for many years prior to retirement - sound advice.

We sure as **** found the bottom here in 2008 dumplin. It was 4.4 pence with c. £1bn of debt on the books. Are you saying we're going below that this time with cash in the bank? If so, why?

MIllerJackson this is very helpful, thank you for re-posting. I have a much better understanding of the implications for DEC of continued hedging and am therefore more confident of my investment here now. K

Ha Ha Ha, DDDD even!!

Sorry Porky9, you can't claim anything until you crystallise a profit/loss. So you're stuck in limbo-land for now. The good news is there's still over 6 months to go in the current tax year so still plenty of time for VOG to go bust.

Porsche by name, Lada by reputation.

Good for you sam. I've been slowly adding here since IPO and would love to increase my holding but lack of available funds is holding me back. Very happy with the performance since listing and now paying a nice dividend which is very welcome.

NAV increased to 140, sun still shining, steady dividend income. The only cloud on the horizon I can foresee is a new PM looking to increase their popularity by proposing a levy on green profits. I guess he/she could always look to buy more gas from that Putin fella if they choose to penalise the fledgling solar industry. I'm sure that'll go down well.

Gary59, fwiw I'm an income seeker too and have been invested in TW since 2008. I have recently diversified into PSN & BDEV, the former for it's potentially huge dividend, the latter because I prefer their approach of paying a safely-covered dividend over the share buy-backs favoured by TW. As I said at the time they announced it, you can't spend a share buy-back. However, I'm aware that other builders have potentially more attractive offerings, and would guide you towards the postings of strictlybricks on here and other builder's pages. His approach to this is extremely thorough and always makes for interesting reading. K

papucel, anyone who survived the 2008 crash knows the answer to that. At the time, the govt. had plenty of resource, as demonstrated by their willingness to rescue worthless banks. They didn't lift a finger to help the builders at the time. This time around, the Treasury coffers are empty so no-one will be saved if they need rescuing. There are tough times ahead for builders, and that is beginning to be reflected in the SP. I say beginning to, because TW went to 4.4p in 2008 before Pete Redfern almost single-handedly rescued it. I still hold builders (TW, BDEV, PSN) but only with money made after the crash of 2008.

This has never been a share for sitting and waiting. If it was, I'd be sitting here with an average of 6.4 (old money) from my original buy. My last sell was at 280, the one before that at 200 so that's my trading pot gone. However, I'll be buying them back at 160 & 120 if the sp drops that low. The 160 looks a good bet now, the 120 pretty unlikely unless news is a long way off.

I can see what you're saying Dusty, and I share some of your concerns. I have a small position here but would like to increase, and at current levels it is very tempting. I also think that, at this stage of development, growth is perhaps more important than profit. Another year like this year will surely see them reporting a profit, and possibly higher than the £3m you're looking for at this stage. It will be interesting to look at the numbers reported next month, and hopefully get to see what the "real" position is wrt profits and potential profits for 2023 & beyond.

Hope you're right Banburyboy, as you say this is painful currently.

Carnage over at PSN

A couple of chunky director purchases would help steady the ship a bit. Let's see how confident they are.

I think this is far more to do with inflation running over 10% than any potential dividend cut here. The problem for builders in the current environment is than when interest rates get to a certain point, orders will stop like a light-switch being flicked. If the housing market generally takes a downturn, as now seems inevitable, there could be a couple of really difficult years to come.

ffs

Naz, down 2.7% at .80 - .95 this morning, you should probably sell before it gets worse/better.

More excellent news from IHR. Profits before tax increased by 88% over the same period last year, occupancy rates at their highest since 2020, second-quarter dividend declared as expected and a significant war-chest for identified opportunities to expand. With the yield currently bang on 5% this looks to be a solid investment, IMHO of course. Expect the sp to firm a little from this level.