Member Info for MattTheBrave

...this morning. Of course it's understandable that they want to take some of their wealth out, but Drabble has taken £20mn out!! - not a great signal to the market is it? All the gains of yesterday lost - disappointing TBH.

I top sliced at £51.50. I'll buy the back at £45 if it get's there!

pre-tax of 509m expected, £536m achieved. Consensus EPS was at £1.20 this year, but feels like £1.40 will become the target after these number. I think 18x rating by end of the financial year in April would be fair, giving price target of £25. Same target I had before but brought forward a few months!!!

....I put my winter wheels (with winter tyres on). Should be feeling smug, except I seem to live in the one part of the country which hasn't had any laying snow...! Damn it!!

BTW, 1mn shares is only about £17k these days.

Where to start with Charty my brain-dead friend. Well: 1. perhaps you should stop stalking people with similar monikers to me - it's plain creepy. I mean there's probably a chartist1, but I don't start following him around (though I do wish he was posting here instead of you) 2. I really don't care about your silly little technical trades - they're just luck and yours will turn. I'm a long-term fundamental investor chasing stock's which double and more, and I'm happy to say, I've found quite a few of them! 3. Just what value do you think you are adding posting a bunch of buys and sells? You're like a little boy trying to get attention. If you want to add some value for a change, why don't you give us your view on whether this Company will survive or not! Then we can have a proper debate instead of all this childish name-calling.

...but I agree with the doom and gloomers (though as ever, not sure on timing). The world is now in a low growth environment driven by too much debt (still), whilst markets are at record highs. There's loads of geopolitical risk around, and govt's won't have the same levers to pull when the next cyclical downturn occurs (which is due). So I'm now drifting away from equities and investing in gold ETFs, ground rent and long lease REITs, and cash. Good to see you back HOTs btw!

Yep, revenues up, costs down - what's not to like. Not sure why the price is back in the 650s again, but I have just added at 656.

Agreed - I've halved my holding this morning. Let's see what happens now.

...the 'Moron below' is Cartist2, NOT fourteenhundred whom I agree with!!

Astonishing posts - from Charty - I'm the 'idiot' who told everyone to stay away while charty was extolling the virtues of the chart - what a numbskull. I really really hope he bought yesterday as he implies in his post below - that would really make my day! On the RNS - absolutely awful - the business is in the toilet, no-one wants to buy it, and one of hte founders of PB has resigned. I think this is going to zero folks - and I suggest you don't listen to the moron below.

...defensive play with secure inflation linked cash flows, and trading at a discount to NAV. Ticker is GRIO - a ground rents based REIT is very interesting in this regard. Current discount represents concerns about ground rents after a series of 'daily mail'-type rants in the press and a closer look by the government. However, I think this is overdone, and given concerns I have about markets, I think there's a lot to recommend this. Yield is around 4% growing with inflation BTW.

And there you go, back to 550p!! I've taken about 20% of my holding out here. It's a great Company, but it's also on a rating which reflects this in my view. I'll buy back below �5 (if it goes there again...!!) ;-)

Yep, I'm with Dave on this - Good for �25 by summer next year IMV.

I fear so....... At least it's shut Charty up though...;-)

What I'm saying is, even if those are the valuations prevailing today, I don't believe they are sustainable. I just don't believe that an uncertain stream of earnings sales and cashflows is that valuable. JMO of course.

The next dictator who takes over presumably....;-)

Hi Dave, Well I've been in here since spring 2015, with an in price of around �8 or so. Like you say, a business mode to die for - high barriers to entry, almost guaranteed revenue once the test is passed and being used. gross margins unbelievable, cash generation huge. For me it was a clear buy! Now more tricky - a lot of good news in the price, whilst for the first time in a long time, visibility on earnings for the coming year is low. I've taken about 20% of my holding out above �27 to reflect this and would do again if it got to �29, but TBH, I think I'd reinvest it if the stock fell below �23. Still, I'm a little nervous so I'm not sure I'd be buying too many shares here until we get a bit more transparency.

First to post - lovely! Basically I think the world is in a difficult place, with risks biased to the downside whilst markets are at all time highs. Ground rents are extremely secure inflation linked investments, which are currently under a cloud due to recent press about exorbitant increases which has caused a 20% fall here. So, 10% discount to NAV, with inflation linked cash flows, all paid out to investors, equivalent to about 4% currently on an annual basis. I'm planning to build up a decent position here. I suspect in 5 years time, I will still probably be the only poster here, but let's see!!

...have a university....? ;-))