Member Info for MattTheBrave

You think? I would say they've done a great job of doing largely the wrong things - hence the mess they got themselves into!

This won't go back to the 5's IMO, but it probably has capped the strecenbt strong trednd and will probably lead to some consolidation in the price. CMC looks better vale at these levels I'd say, but the well covered yield on IG still looks atrractive.

Agreed - Q1 comparison was hard give that the previous qarter only had one month of ESMA. Q2 should have been a much more favourable comparison as all 3 months were after the ESMA for 2019 and 2020. Looks like sales were flat though, which doesn't compare particularly well with CMC. That said, stock still looks cheap and on a well cobered yield of 7%.

Nearly 5% of the Company changed hands today. Something going on...? I look forward to the holdings RNS.

..hopefully not for IG though....;-)

...today! Still cheap though.

Just added at £1.27 - looks too cheap given the dynamics of the business.

Except the price is stalling today, despite it now looking like it's on a PE of 7 and a yield of 7% given divvy plan outlined. Makes no sense - strong buy here, and IG Group.

Still drifting up, but it'll have tpo go some now to hit my £8 target. £7.50 maybe?

Agreed. Of course there remains heightened risks here due to leaholder reform and enfranchisement rights (ahould know more this month) but the more than 10% discount to NAV already reflects this and more.

Yep - I think the people who know me would say exactly the same thing - well deduced Dan. Perhaps you're not the fool I took you for after all......;-)

Yes Brad. Did you not get the invite.......? :-)

Plenty of execution risk here, but the way I look at it, Next trades on 2x sales, this is on 1x which means a lot of pain is in the price.

That's a bit more like it....!! :-)

....it's cheap - see my post below. This means it will now tend to go up more than it falls, and of course, may well also be of interets to an acquirer. We'll see....

Very good question - I have aksed something similar on the Greencoat Wind Board. On balance, given the recession proof nature of the investment and the still attractive running yield, I'm holding. I also understand that the NAV may be about to tick up with the use of a lower discount rate used across the portfolio. That said, if it got to a 30% premium, I'd probably let some go!

Agree with most of the comments below, and I would add that Greencoat are the best player in this market as well, but now trading at a 20% premium to NAV - anyone here concerned at all?

All going according to plan it seems. Would have expected a slightly better share price response here!

Yep, nice steady drift upwards. £8 by year end still my target!

Since the beginning of July, the Stock has more than halved ont the basis of 1 years' sales being downgraded by 2%. Now I'm sorry, but this is patently ridiculous. let's assume that the 2% fall in revenue (about $70m) falls all the way to the bottom line - this equates to a lower eps of 20c or 17p per share. Applying this to 2018 results would leave an eps of 220p - so the stock is currently on less than 5x earnings. Dividend policy is 2x covered, implying a divvy of 110p, so an above 10% yield. Now, admittedly, this years figures could be worse than this at an eps level, but there certainly is a lot of wriggle room here. Fallen angels often get more severly punished than fundamentals would suggest.