Member Info for MattTheBrave

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?

Utter gibberish. They did indeed pay 3x the value on the TLC BS, because these were properties held for decades on that BS with the value not changed. What Civitas did was value them on a current commercial basis which makes sense - what would you do? Also, you can see the price is reasonable relative to the EBIT being generated.
The issue isn't that at all, but the fact that they sold the Opco to the IoM company where two Civitas directors had shares. That said their combined stake is less than 30%. Personally, I would have preferred this to have been disclosed (they didn't for competition reasons) but they haven't done anything illegal. This certainly doesn't explain the more than 20% fall in the share price.

So the other issue is Auckland - There's no doubt the system is flawed with a number of non-profit RPs sitting between the residents/gov and the property owners. Non-profits do not attract the best people, and it's no surprise that some of them are mis-managed. Auckland not the first and won't be the last. However, to blame the owners of the properties for this is ridiculous. Essentially, if if the govt do try to change the rules, companies like civitas will simply repurpose the buildings and rent them for other things - there's a shortage of flats and small residences in the UK. My guess is that the government will do no such thing, and Companies like Civ will continue to generate good yields and rental growth just as they have when RPs have got into trouble before.

If Nuri has enough money to have £500k in anything, I'll eat my hat!! Bet his house isn't even worth that....;-)

Mark - Analyst Schmanalyst! He thinks the company is loss making which shows he doesn't understand the goodwill accounting and the history of the Company!

Nuri says sell - for me, that's the biggest buy signal yet. He's easily the clearest contrary indicator I've ever seen on these Boards. You watch and see if this isn't true...........;-))

To be fair, I don't really think I'm 'long suffering' here. Whilst my first purchase in this stock was in the £7s, I really loaded up in the £5's so I'm up about 50% on average in price, and taken more than 5 years worth of juicy dividends.

Re CMC vs IG, I think the former have always been a bit more aggressive in statements, with IG more conservative. We'll see!

yes Jab, I think we'd worked that one out.......;-))