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I think any investor knows that the margins of a construction company will be squeezed in the current economic environment. Anything we hear from this company for now will be with caution. We are in another buyback program so positive news does not align itself to this strategy.

Asper1

Apologies for the second response to your post. This is no doubt a good investment for you over the last decade. That doesn’t necessarily mean that today it is a good investment for someone else. The fundamentals are different.

I would also argue that over the last decade there has been better investments that have delivered far more.

A decade ago I was buying share in SLP at .09p not forgetting RR and BA. at 2.70.

I would indeed argue that this sector has been a poor investment in that period.

Asper1

I guess each private investor has their own strategy and personal circumstances. For me, my initial purchase was at .42 and the dividends have been reinvested.

At the time of my initial investment there was a lot of ‘noise’ on why this is a poor investment.

Currently, I draw on similarities with the car loan misselling. The cost and outcome imo is already factored into the share price.

The resistance here is the UK economy. lloy are a retail bank that is influenced more than most to the UK outlook.

Labour at the moment are struggling to come up with a clear strategy on improving the outlook. Our only way out is to grow business in order to improve tax revenue, sadly that concept is not understood.

By the way, I have no political loyalties, they are all self indulgent pigs in a trough.

Precisely the reason I stopped posting and looking in on this bb. Anything that was Lloy or banking related got buried in a sea 5h1t.

Complete agree Dino. The ‘red tape’ adds up to the cost which is shared with any potential purchaser.

Common sense has to be applied. Everyone agrees that we have to build more houses yet the majority of those don’t want it to be near them.

Stan

No thoughts on your comments. However, I opened a very rewarding spread bet in 2008 for a market correction. The proceeds bought me a house. Perhaps you should do the same.

The imbalance in the economy is not just UK based. Globalisation has created a pack of dominoes that risks contagion.

No point in getting angry, play your cards accordingly. Money to be made whatever the economy does.

Feather your own nest and ignore the politicians that have always put themselves first.

Taking mine as DRIP. Should be in a good position to take any advantage of an improved environment for HBs

Chumba

I think it was expected together with one later in the year. Patience required I think. Other than defence or defence related companies, confidence in business if very low. Talk of tax rises to cover the deficit is also a cloud hanging over businesses.

LoL

Have to agree with your points. I suppose when you read a RNS your interpretation is different influenced by their trading position and experience. For example "Additional funding .... will strengthen the Company's negotiating position in ongoing licensing negotiations....Being able to apply this new funding to the P140 program'

That previous statement now suggests to me that with the funds running out their negotiating position is weak. Due to the passing of time the P140 program looks desperate, IMM have become a distressed seller. Not denying the potential revenue and royalty rights could be huge but who will be the eventual benefactors.

As for Poker, you will not influence his viewpoint. I was warning him away from this company when it was 10p a share. Only thing that has changed since then is the list of broken promises and their financial position.

TM opens up about significant progress in 2024.

The RNS mentions a small increase in admin .3m to .4m percentage rise suggests to me that the rise is 33%

R&D up and will go up even further if they can fund it.

Smoke and mirrors folks. Not to mention thanking Avion who will be the benefactors of your investment.

What I have posted for the last 3 years is playing out as expected. Good luck guys

Largely

Sp currently showing me a loss but with expected dividend later this year should show me back in the black. BTRW seem the better prospect of a recovery within this sector which of course is my opinion. In the short term buybacks will offer some support.

Reading somewhere that sales of UK concrete is at the lowest level for the last decade….. So much for our housing ministers promises. Sadly the demand is there but the will to resolve it the housing shortage has been put on the back burner.

Vikr

Apologies, will refrain from posting further but in your post

‘ To reiterate again do not base the future expected performance based on the past’

I prefer to learn from the past, only then you can make decisions based on experience.

Bottom line here is TM has to deliver some sort of deal soon. My view has always been the same when the sp was 18p. I can see a scenario where a company will cherry pick IMMs pipeline via administrator, the window is closing if you are a private investor.

Of course, if a deal is announced soon or the expected P3 trial goes ahead then anyone buying at this level could see a healthy return.

Good luck with your investments.

Vikr

Not loyal at all. I held for several years with a strategy of selling prior to the last readout. I think it was £1.78 and an average of 22p.

Logic was always a calculated risk of losing out if Lupuzor trial was a success. If so then at the time I could see the price rising significantly above my exit price.

Just one of the few occasions I called it right.

I also had a vested interest in P140 getting approval as I had a close friend suffering from lupus. Sadly she passed away when the NHS withdrew her access to a drink that was sustaining her.

@Vikr

Can you enlighten me on what TM is getting right? I have followed the path of P140 for over 15yrs. Just prior to the last P3 readout he announced a raise’.

He certainly got that right as from memory it was around £1.50 a share.

That was very smart. Not so sure about now. The sp tells me different.

Happy to sit and see how the markets pan out medium term. My biggest tranche was below 4 so a decent average on today’s close.

I think further interest rate cuts are under scrutiny, especially with the Middle East uncertainty and potential oil price increases nudging inflation back up.

The failure of the government to cut welfare is also adding concerns about tax rises.

The current environment reminds me of when I was buying RR at under a £1, no sensible reason to buy other than appearing cheap.

I also think that when Redrow are fully integrated into the business cost savings will make BTRW more attractive for investors.

£4.436 average price paid. I predicted it would be 4.35 upon announcement of the scheme. Hopefully when the algo’s stop so will the sp manipulation.

Onwards and hopefully upwards

Guessing about 5m left in the kitty for the scheme. Should be concluded by close of trading next Friday.

BoE meeting Thursday, cannot see a drop in interest rates this time round given the wider geo political conditions. However, if there are a .25% cut then HBs will do rather well.

@rebarm

I was invested here for 10 years and sold out prior to P3 readout for P140. I was also invested because of their other compounds in development. I did seek out my own information and research and as a result did rather well when I sold out.

However, your comments are rather ‘pompous’ and a little arrogant. Not all investors live in the UK and not all live in the SE of England. I would argue that if TM was so confident then a webcast or Q&A session would be helpful to private investors. As for IR, this company has been a disgrace, they only engage with investors when they want to raise funds. They treat the PI with contempt.

PI's are not good at liquidity or patience’

That made me chuckle. Do you know the journey from P1 to the current date? I think many investors here have been exceptionally patient.

Thanks Sussex

Should also give buyers the confidence too. It certainly seems that the building regs and planning rule changes make it a better construction environment for all HB’s.