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L3T
My comment was a little tongue in cheek but overall I do see value at these prices
12 months ago we were twice todays levels -yes I understand things have changed over that period but the guys running this business are not novices and cost control within the quarrying industry has alway been tight
Prices have increased and more importantly held
Therefore in my opinion the price is low and perhaps why a director is increasing his position
The government has stated a willingness to increase on infrastructure (holding my breath on that one) but hopefully we can build from hear
All above just my opinion but GLA
I have a plan to help you all out
I sell all my holding then the price rises which is what normally happens to me , I have achieved this twice now !! In one instance rising 3x
I do understand market sentiment but surely this is over done now
The bad news for you all is I will be retaining my shares -just hope the market can see what Jude and I can see!!
Good luck everybody
Yes reluctantly yesterday sold balance of my holdings
Brought at 40 p just as covid started watched them rise took some profit but held the rest . I like Marstons always liked the Banks,s beer when I was young but to watch your investment disappear day in day out is painful especially as we know there was buyer at much better prices
Still as I say reluctantly sold cannot see a way forward not with the debt and the state of the country at the moment so moved on to other things
For the l t h I wish you success and maybe I’m wrong to sell but only time will tell
GLA
Dazzag
I hear what you are saying and I was also hopeful the sp may have reacted favourably but looks like reaction to results has been a little underwhelming
Bree are my largest holding by far so I’m hoping Allianz are right
GLA
For my input I worked in the aggregate industry until recently and prices today are approximately 40% ahead of prices two years ago and I understand another price increase letter has just gone out to customers from one of the larger suppliers
I also went thought two recessions which did not hurt us in the supply business too much
As for the sp struggling to find a reason other than market sentiment
Breedon continues to be my largest holding and with hindsight perhaps I should have sold some at 90p or above but I had no need so I am where I am but hoping
For a return to those levels soon GLA
I believe overall construction numbers are down and material shortages are not helping but I would not think this would apply to quarrying unless there is still a driver shortage which I do not believe this is the case
I did asked about blackrock reducing their position perhaps they know something we don’t
Cant believe they have dropped this low !
L3T
Many thanks for your response
I have been here for a long time and having worked for them for a number of years have confidence in their management
Agree with the comment on cost and would assume like most companies are keeping a close eye on them
GLA