Member Info for NorrisCole

Blimey, didn't think I'd see the day when the Spoons share price would be below £4.

Does anyone out there know when we will reach parity on the SP? That is 1 Wetherpoon share is equal to a pint of warm ale? Got to be getting close now I'd think.

I 'm aware they are looking to sell off a portfolio of pubs, so will be interesting to see if there are any gains from this - clearly some latent strength in the balance sheet with their property estate.

Not sure what's happening at Sage but look like the recent demise in share price is due to the insurance side of the business - just look at insurers at the moment such as Aviva, L&G, Prudential, Admiral and they've all been hammered.

Interestingly, when that Covid-19 was around and cruises were off the menu and the insurance arm was stable, the share price got hammered. Now the recovery in the cruise markets in taking shape its still getting hammered. Can't win with this one. The only way this will recover is if the cruise and insurance arms are both aligned and on the up ...

I haven't looked at Sage's numbers but which division provides the majority of its revenues and operating profits?

Yes RichieRich. During Covid times companies cancelled divs after they had been recommended.

Have to agree with all the comments ... one thing for certain is that housebuilders, along with retail stocks are pricing in doomsday scenarios. I think its certain that the UK is in recession at present and interest rates are certain to hike up to levels that no-one really knows where. Allied to very weak sterling against the US dollar, UK plc is becoming very cheap to any overseas investors wanting to snap up quality companies. The housing market and housebuilders are likely to suffer, but if investing for the typical 5 year hold period, companies like TW, Persimmon, Berkeley etc are looking pretty cheap, although still some way to fall I think. Trouble is how is the market pricing housebuilders and what is the general assumption of interest rates being used in their calculations. I've heard anything up to 5.5% to 6% being banded about. Also, how long before we see either some further consolidation in the UK housebuilding sector or companies being taken out by overseas investors?

Symmetry - even better if the SP increases to £33.33 but that is very wishful thinking!

Sector downgrade by HSBC - all housebuilders have slumped today

a three year hold on this one and you'll be quids in. Unfortunately with so much short-termism, no-one tends to look longer term any more.

Alas, that's the fickle nature of the market at the moment

Agreed - the uplift in the US markets yesterday, and also the better than expected loss of customers by Netflix, which may help digital/media stocks in the short run.

If you recall when Netflix last updated 2 or 3 months ago with heavy customer losses it brought the market down on its own.

That bloomin' Status Quo song 'down down, deeper and down' comes to mind here ...

I agree with your sentiments PanamaPete. Although no doubting that prices are on the up, there is the self-prophesising that 'talks' economies into recession, spread by doom-mongers and so called 'experts' and forecasters, who, unfortunately, a lot of people believe what they say is gospel, and hence think it must therefore be true, then shut up shop and don't spend.

I work in commercial real estate. I recall at pre-Brexit times that the Institute of Fiscal Studies and the PMA forecasting that if there was a 'yes' vote that central London office prices would fall by 40%. Fact is it fell by 4% and the decline in Sterling brought in heaps of overseas investment from the US, Middle and Far East, which helped sustain values.

Anyway, GDP is up!

Agreed

Amazon reports a loss (largely due to its write-down of its investment in EV maker, Rivian) and the UK warehousing/industrial/REIT sector sees the mark-downs in SPs over the last 2/3 weeks. Ridiculous and absurd.

Would be good to see some follow through support on this one as prospects look pretty decent.

Ticking up nicely

Would be great to see 30p revisited as it was a few years ago.

Some positive news flow from the company in the last couple of months in terms of orders won and strong order book.

Onwards and upwards with any luck and follow through buying.

Agreed waveydavey - good to see some follow through momentum in the SP

More good news for PEG, following on from last weeks announcement. Lets hope there's some follow through as nothing came to fruition in the SP following last weeks contract win announcement

Good win for Petards. You'd have to think that all the bad news re rail contract delays/uncertainty is baked into the current share price and the only way now is up. This was trading in the high 20's a couple of years ago.