Member Info for Krustysmegma

Drew, they'll be given them, same as us. It's possible some trackers will need to hold HLN that didn't hold GSK but off the top of my head I can't think of any.

Re the apportionment of base cost, I think all will become clearer once we have RNS(s) later today/tomorrow morning confirming the formula for reduction in the number of GSK shares in order to keep the SP at a similar level to before. I'm sure they'll calculate the basis of apportionment for GSK & HLN (or at least, I hope they will...).

gwm121:
Yes I like to see 5% return or more and stable, rising SP. Doesn't always happen of course.
Re POLR, AuM down 14% but SP down 50% and now yielding 10.4%, I'm buying in the hope of a recovery. Risky though.
Re Haleon, I'm holding for now & will see how it & GSK perform.
Re GSF, my average is just over £1 so yielding c. 7%. My broker platform charge is 0.45% so still a nice earner. Over 5 years the SP is up c. 20%.
These are my own musings of course, not intended to be taken as advice. K

Excellent results and positive outlook. Currently c. 23% discount to NAV which is inexplicable. Grindrod investment has been excellent so far, their SP is up significantly and paying 16% dividend to TMIP. The rate of new vessel build worldwide is still incredibly low (and likely to remain so given the poor outlook for world economies) but demand for bulk shipping is strong leading to increased charter rates. This is a terrific success story, under the radar for most investors.

Build cost inflation running at 9-10%, guess that's spooked the market.

Strong results from BDEV this morning but the market doesn't seem impressed. Orders down slightly but value increased, profit to come in slightly ahead of expectations.

OK, well perhaps I need to take my rose-tinted specs out of their box (I'd put them away thinking I wouldn't need them for a while). I think you can add to the good news side that banks have passed extreme stress tests now and are far better capitalised than during the crisis of 2008. However, as you rightly point out, no two recessions are ever the same, so we simply don't know what we're going to be faced with, or when. The banks may be well capitalised but the government certainly isn't. They can't just raise income tax and say "there you go, sorted" because people will retire early or move overseas (as thousands of front-line NHS staff already have since Brexit). Inflation may be running at around 10% now but no-one saw that coming, and who's to say it won't double again to 20% before it can be controlled? Already the energy price cap for January is looking like being significantly higher, unions want double-digit pay awards, there's no obvious resolution of the devastating conflict in Ukraine etc. etc. Are you saying none of that will affect house prices? How so?? Anyway, off to find those specs, I'll try to keep them on for the time being. K

Yes, but once the ugly spectre of negative equity raises it's head it damages confidence across the whole market, new build and resale. In that scenario, everyone thinks prices will drop lower so no-one is buying. That's what happened during the last property price crash. Let's hope we don't see that happening again.

"So you have 2 options, ignore the share price and wait for never never land, or sell part of your holdings, pocket the profit and then ride the wave a few months later again. No one gets the exact top and bottom but you get the feel for it. Now please decide which one of these people you are going to be and stop the winning, its tedious and predictable. You only have yourself to blame if your not happy how your portfolio is shape g up"
This is what you posted here on 27th April. Very Spursy!

Quilter has taken a near-15% position here today following the recent weakness in the SP, can't be a bad thing?

Off topic but I see it's all gone tits-up at SIS this morning. CFO left recently now growth lower than expected and costs rising. No doubt our former CEO will be able to explain why...

Warty - Stingray, in Supermarionation! When life was much simpler...

That'll be a buyers market then trunky, unlike the sellers market we've enjoyed for many years now.

...maggots crawling over the body hoping to hatch out into fly's.

PSN results are a bit of a mixed bag. Certainly hasn't impressed the markets, but nowhere near bad enough to drop the SP c.6%. Still saying f.y. profits likely to be ahead of forecast although volumes down. Not much of a steer to indicate what might happen here.

Favourite to be next PM apparently (joking... even this lot couldn't replace one pathological liar with another - could they??)

Wow that's a chunk isn't it? Other directors dipping their hands in their pockets too, to a lesser extent. Big show of confidence, great to see.

I can understand that, nervous times for many people just now. In my experience the best thing to do is sit tight & ride out the storm.

Lbb currently a buy at 116.80 so you can pick some up below the offer price now (accepting there will be dealing costs).

Yep, that seems to be the market view on this too. It must be exasperating for the CEO when the business is performing well, paying a decent (fully covered) dividend, paying down the debt to reduce gearing and yet the shares fall further behind NAV. IMHO fair value here would be c.45p but don't hold your breath waiting for it because the market is pricing in a crash and we all know it could happen. That's the game here, take it or leave it.