PYX Resources: Achieving volume and diversification milestones. Watch the video here.
I never said you spoke the truth - quite the opposite. Your position means that you will only consider this issue from one angle. I like to hear all views providing these are from a position of impartial rational thinking. That is not what you were doing IMV. I'd be interested to know what your employers think of you anonymously posting on boards like this - have you told them?
Ex div 30.24p today in case anyone was wondering.
CH - I don't think you should be posting on these boards due to (a) being a potential insider and (b) having a huge axe to grind in this industry given your directorship of a failing (presumably) poorly managed RP. On this basis I will report your post and let LSE decide whether your continued contributions are appropriate.
Wow CH, you're now defending your position based on syntax? LOL.
And the funds they are using are based on properly contracted rental income for the provision of homes for the vulnerable. Or are you suggesting we shouldn't be using taxpayers money for this?
Latest holding RNS shows that whilst BR had opened a short position, they also had a long position over 5% so they were still net long. On Friday they took this below 5%, but also took the short below 0.5%. What we haven't see yet is who bought the 20m shares at £1 at the close on Friday, unless it was placed with multiple investors. However, it seems unlikely that they would have been able to place it at a premium to the price at that time.
"The Board notes the recent decline in the Company's share price, which it believes is associated with activity from an activist short seller as well as recent press coverage, the content of which it believes to be baseless, incorrect and/or misleading. The Company has spent the last week engaging with major shareholders to discuss the recent activity and remains available to shareholders that wish to engage further. The Board and Civitas Investment Management continue to have great confidence in the Company's assets, revenues, business model and strategy. Moreover, the Company continues to perform robustly. "
So, huge block of >20m shares went through at the end at £1 - that's 3% of the entire company. Could we have a buyer looking to acquire these assets on the cheap...? I'll be very interested to see the holdings RNS on this one!
looks like we're going back to 100p here. Getting worried yet CH/LDS. When the shorts run from this thing, it'll move fast.
Incredible rise again today on high volume. Is there something in the offing here I wonder.........?
Absolutely ridiculous point re BR. Professional investors hold a lot of stuff, and are wrong as often as they are right. Simply stating that a manager has adopted a position and hence they must be right shows a huge misunderstanding of how the market works. Guess that's no surprise though...;-)
CH - you really need to work on your english. I quote: "Providers whose claiming of the “rent which are exempt from the standard ie LHA rates is illegal, yes you heard me correctly ILEGAL, don’t take my word for it just pick up the phone to the Regulator For Social Housing they will tell you straight. It’s only a 5 minute call."
This makes absolutely no sense to me - literally., I cannot understand what it is you are saying here? What's illegal (or "ILEGAL' :-))?
Secondly, please provide your evidence for a c42p NAV. Like I say, CSH don't value the properties, they use a third party valuation firm, so what's your point?
Opu - hair splitting perhaps, but the debt is being serviced (ie interest being paid) now. It needs to be paid back in 2024.
What inflated NAV? Like all REITs, CSH is required to get valuations from independent third parties - they have no control over these calcs. The short case is deeply flawed IMV, but you'll have to make up your own mind on that one.
DS clearly a person working for Shadow Fall. Note that CH has also gone very quiet. What has happened at CSH is poor judgement, but certainly not fraud. If that's the best SF can come up with then I think they're going to have a difficult time.
In addition, if this means they can match last years' eps of £1,. whilst also expecting further growth in the years to follow, I don't see why this stock shouldn't trade at 15x this years' earnings, meaning a £15 price target. This stock now looks seriously cheap to me.
Yep, these are great figures indeed. If IG had emulated CMC, revenues would have been around 170m. to get £200m excl TT and £222 including it it is a fantastic result making the 10% fall on 'CMC day' appear ludicrous. I expect this to get back into the 9's fairly quickly here.
Another poster who has just joined LSE and decides to pitch in with CH, and also tell us what a great manager SF is....Makes you wonder , doesn't it...? ;-))
Also, if they're so good, what about Blue Prism? Finally I think that holding a shorting HF up as some paragon of virtue (or a 'legend') is laughable, and tells you all you need to know about this poster!
Yep - very nice statement. Hopefully next leg up coming!
..only joined last month, and all posts have been on CSH. He clearly has insight into CSH, but all the facts are twisted to support his negative view, whilst many of his claims are simply not true. Clearly something amiss here, although why anyone would think that retail investor boards like this one can actually move prices is beyond me. Anyway, I think we should take anything he says with a mountain of salt.
Deb - spot on! I have also just added at 92p. What you have to remember about shorts is that they have to be closed, and most short managers have stop losses in place. Ergo, a small change in sentiment should move this back up fast (as it did in 2019). In the meantime, a 6% real yield isn't too bad is it?