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Brilliant Scharn, thank you. Really appreciate the information and I totally agree Ray sounds like the type of guy any company and investor would be proud to have on their side. Now I know, I am. Kind regards, MIG
Thanks Scharn, exact as usual and completely correct. The RNS here is more accurate than where I saw it. Apologies FEP if my note didn't help. All the best guys, MIG
Hi FEP, looking at previous sales he had done these before in Feb/Mar perhaps for taxes? As he still has 60m shares I wouldn't worry, especially as Mercia, their recent news and their brokers targets seem to be very positive IMHO. Regards, MIG
Hi JS, (my thoughts, but of course they could be wrong!) with Mercia buying back its own shares I would think that may support the shares a bit, but with the various cost of living increases at present, especially re-mortgaging, that counterbalances that. The FT Weekend also had various little bits of info such as bonuses not going towards VCTs, which again could affect Mercia, at the moment. Unless Hunt comes up with something in the March budget to help the UK market and general spending, the technical recession bites. Won't ever give up on Mercia, as they have everything in a share I and my family value. People in trouble sell things in the market that are easy to sell. May be shares like Mercia. Give it a year and I'm convinced they will recover. Good luck all, especially JS and Scharn. Best, MIG
9.67p (I am an optimist) but would accept anything on a gentle upward path from here!
Hi Scharnhorst, my figures are from the Share Buyback Programme RNS of the 28Nov23 where Mercia mentioned £5m and a maximum of 44,658,120 shares - though at a purchase price of 30p that would only be 16.7m shares bought....and a Happy New Year! MIG
Doh! Thanks Scharnhorst. Very basic mistake of mine - of course it's a possible 44m not 4.4m shares. Getting older, losing my decimal points, etc, etc, (read the RNS properly...). Appreciate your help mate. Merry Christmas.
Dear All, been keeping an eye on the purchases (own transactions) and to 12Dec23 it's 1,387,069. So as the future purchases indicated are roughly another 2.8m, had the nice rise recently anticipated this, or is there a little increase extra due over the ensuing period? Intelligent and knowledgeable comments would be much appreciated.
Either way I'm still in here for the long term as I've always liked the share, and it's one of my few keepers. Thanks in advance, and Merry Christmas. MIG
Have been building up gently since 2019, (actually no other option!) always liked everything to do with Mercia, especially their long term plans, analysis during 6-monthly updates, cash investments and cash held on the balance sheet as and when. They always seem to invest wisely, in the main, so they are one of the few companies I keep. When the dividends started I was happily surprised, even more to like. So for me it's carry on Mercia, as you are doing please. Regards all and a Merry Christmas, MIG
Thank goodness it's not just me! I've had the same message a few times with HL. They didn't help me avoid Woodford in the past, or make comment then or others since, and as it's my (currently shrinking) money I'll make my own mistakes thank you. I'm not in it for the short term, have made my own investigations and DMOR, and GGP is the biggie I'm convinced will help me and my family in years to come. Cheers all, MIG
Dip666, many thanks for this. A thoughtful and as positive a response as possible response from SD. I found it very encouraging. MIG
Checked HL and they only have 8m total volume today (I only see volume, not buys or sells) and +2.47%/+0.16p on the day. I think I remember comments from people who seem to understand the market that they are MM's transactions with each other (?) basically cancelling each other out. Would always appreciate more information if this is not correct. Regards, MIG
Just another thought - SD seems to have developed a really good BOD with expertise around him. I couldn't see him raising funds without an extremely good reason/reasons and the advice of the BOD. Why raise funds that either weaken GGP (if further loans, more liabilities on the balance sheet) or have extra cash on the balance sheet via a placing, only to get taken over straight after? It's a trust thing. And I trust SD and the BOD. I can't and won't lose trust in GGP now. Good luck all. MIG
Many thanks Hufc. Much of this was probably known by many of the regular contributors like PaddyGall, Bamps etc, but it helped my basic understanding. It also reinforced my view (coming up to 4 years now) that I luckily hit upon a share in GGP that I see as a wonderful long-term support for my family. Was always going to be quite long term (for me), and I hoped the rewards could go on for years! Yes, I'm well underwater, as I've added all the way along, as and when I could. Will continue to add small amounts as and when I can. Good luck and thanks to all, especially PaddyGall who has provided so much valuable information for (aged) learners like me. MIG
HL currently has this as 61.4m volume, +2.66%, +0.21p, remaining constant, previous was 36m so the big movement matches, though it doesn't say what the volume is (buy/sell). Price can be 15mins delayed though.
Dip, I'm so sorry for your loss, my sincere condolences. Too many close ones passing at the moment. There's a beautiful poem by Canon Scott Holland that starts: "Death is nothing at all...I have only slipped away into the next room." And ends with "Why should I be out of mind because I am out of sight? I am waiting for you, for an interval, somewhere near, just around the corner. All is well". Times like this makes one take a breath, think of what is really important. Kindest regards at this sad and thoughtful time. MIG
Hi All, I also could have sold in the past at a good profit, and a lesser one now. However, they are one of the shares I have left as I am convinced over the next 2 years they will continue to prosper, and if the market recovers, will rise again. My family like the way they work, what they invest in, and it's for the long term. Small dividends also help. IMO it's a company to back, and I have hope for more companies they will bring to the markets as they have before. So no, I don't think it's a dud, but then that's what makes a market. All the best, MIG
Thanks jollyspeculator, much appreciated. Missed the obvious! Regards, MIG
Hi all, looking at the RNS it looks like Black Rock may have sold and Librae Holdings Ltd may have bought?
Though I don't know what this may mean, Mercia are still one of my favourites, have been and still will be. All the best, MIG
Just a few thoughts that I think might happen IMO;
1) Reduction of the top pension contribution to £30K a year with a possible top tax deduction of 30% from £40K and your top tax rate as the tax deduction. May help more people save to pensions.
2) Update the top pension fund to £1.2m (still not enough but may help NHS big hitters or extra "help")
3) Leave the ISA at £20K as current but fixed for several years - too sensitive to play with that too much for either party
4) State pension to remain as it is e.g. leave the current changes to those currently known about - again perhaps too sensitive to play with as pensioners, who like me, always vote
5) Election year - update the tax free amount to £13,200 (up 5% from current £12,570)
6) Leave the minimum tax rate at 20p in the pound but have point (5) instead
7) Inheritance Tax up a bit, perhaps letting people have £350K limit instead of £325K though house as current e.g. £500K
There's loads more, but these would seem to be reasonable, probably around election time.
All the best guys MIG