focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I note the CMC update today https://www.cityam.com/cmc-markets-predicts-better-than-expected-operating-income-for-2020/ I imagine the trend will be similar (or perhaps better?) for Plus.
So we can enjoy a steady decline in the share price on that news......
It will - the kcr holding directly affects Drumz share price. I think it's their single biggest investment (far outweighs the acuity investmnent for example). I might put something into KCR - they've got a nice portfolio (which I've seen in person) but am a bit wary tbh.
The alternative is they get nothing TheToe - thats the point - the scheme provides an exit and a return for everyone bearing in mind the RNS specifically says that the alternative is a insolvency hearing......it's a pretty stark message. Choose the scheme or receive nothing. That's the way I've read that RNS.
Definitely - look at that recent microsoft server hack that made the news. Separately; KCR should bring their results to the market soon (last year it was 27th March). I'm hoping there's been a uptick on performance there (and Drumz owns 8% of KCR through it's energiser investment 3 or 4 years ago) so there'll be a benefit on that front. Can the share price break the 1p barrier I wonder? Probably not.....(feels like there's a seller out there that umps on any uptick in share movement).
Hopefully they'll leverage that relationship they've established to other NHS Trusts - there are over 240 nhs trusts within the M25 alone (the big hospitals I mean) - plus myriad smaller gp surgeries (that use a central NHS team - for property services for example). That contract could be the start of something amazing.
Me too Tav but I got the impression, with that wording, that perhaps the hedging either wasn't in place or ineffective if it was.
That little snippet 'monthly trading results remain volatile'......in other words 'we had a shocker in Feb but Jan and March were really good for us.......'!
Anyone got an opinion on the sustained drop in share price? Can't understand it. I thought volatility was good for this share. Perhaps the mkt feels the customers might be making money maybe (at the expense of Plus I mean).
Thanks skid :)
I agree on drum - get out of kcr - when appropriate - and just be an IT investor. I'm actually pretty much all in on housebuilding shares. Particularly INL (inland) - where the ex-owners of Drumz (Wicks and malde) are currently directors (and where my interest in energiser originated). I'll keep to drumz for my cyber investment :)
What else are you guys invested in/interested in?
Can't they use the buy-back scheme's money to buy his shares?
I've got quite alot of money in energiser/drumz and have often thought - 'should I invest in kcr too'? They've always, to my mind, been interlinked (Dominic White being the link in the past). He's still at KCR of course.
I think there are air-rights opportunities within KCR's portfolio - further opportunities to enhance/sweat their asset base. I'm a firm believer in cyber security and the demand for acuity's services (thus sticking with Drumz) but I do feel that perhaps kcr might have some potential, at their current share price. Be curious to hear others opinions too.
I have to agree with the sentiment regarding he atmosphere on the Board/chat here. It's very similar to INL chat on LSE; broadly positive, constructive in criticism and thought and the belittling and name calling at an absolute minimum.
I'm much more heavily invested in INL- Inland Homes - than here - but amgo is where the action is presently.....!) :) I'll never be joining the million balls of titanium club sadly here :)
Has anyone spent any time (sorry, I haven't!) looking into whom they could possibly buy? They've kept money back for a war chest, mentioned it (or alluded to it - forget the actual wording in the results) - thought I'd ask to see if anyone has taken that on and looked into things a bit more. I bet there will be an Israeli angle to the first purchase too - just to put the downers on the share price even more....
Any new undefined tax creates inertia in the market and land owners will further suffer (or decide not to sell their land) with lesser land values the inevitable consequence of increased taxes. Look at what the stamp duty holiday has done to the housing market (and what it does when it's instigated). An unintended consequence of this new levy is that affordable housing unit numbers might start to fall (because developers will be able to justify , through the affordable housing toolkit/viability test - the government algorithm that dictates the % of affordable housing a site can viably sustain/deliver - a lower percentage of affordable housing on a given site). Every new cost that the govt announce and implement has an unintended consequence. (Grenfell Tower and the awful cladding situation is an awful, awful thing and I'm not saying that it doesn't need to be sorted - it absolutely does). All I can talk about is what it's going on, on the ground. Depending on the deal structure these new costs might be catered for, within the existing deal structure. If anyone wants more info on deal structures I'm happy to explain in a separate post. Or in fact - if anyone wants anymore info on anything to do with land buying - just let me know.
There hasn't been much talk of it, amongst the people I've spoken to, to be honest. And there's a reason for that. Extra levies (like the S106 agreement attached to a planning permission, that in the old days was the way councils took money off the developer for education and medical provision plus other stuff) has, for the most part, been taken over by CIL (Community Infrastucture levy - and if in London Mayoral CIL2 on top - the extra levy for crossrail.....). Technically the developer is liable for these extra taxes but whom ultimately pays for this? The Landowner. Be it public or private, it's the landowner. Obviously that's different if the tax comes in and applies to land bought retrospectively - it'll be the developer in that case - but if not and the tax is known about - it simply forms part of the purchasing costs. And the amount one can pay for the land is what is left over once all costs have been met and the developer's profit allowed for. Ideally that should be at least 25% profit on costs (and thus nets down after sales and finance costs, to circa 15%-20% - depending on lots of variables that I don't have space for here.) The only mothballing done is when onerous planning policies kick in, particularly in respect of affordable housing (again a loss leader unless you're in a v v good sales area), or vendor price expectations are over the existing market value of their land. In terms of the politics - the tories seem to have lost their way somewhat - the threat of the left ever present perhaps? Social media maybe? - so many reasons why they've given in it would seem - think they've forgotten that entrepreneurial spirit drives wealth creation which in turn drives tax receipts that pays for everything. They should reward and rejoice in that rather than vilify. But I digress. Never buy a site off a council that has given themselves a planning permission - it aint going to go well if you try to appeal it and intensify the use.
Strictly - fire away on Vod - I've been in them for so long but I think it's time to move on from them. I'm busy reading the war and peace, that is your blog, at the moment! :) I value your input - even if it's counter to what I've decided - I'm very interested in seeing the other side - tbh I've forgotten why I invested in them it's so long ago......it's not exactly been a stellar experience it has to be said.
Just emailed you SeagullsFan :)
Am I reading it right - that Plus are saying that FY2021 is going to be similar to FY2019? So Revenue $354m, EBITDA $192m, generating $293m in cash?
definitely off air Strictly - sorry - must have misread things when briefly looking. I'll go back to bwy chat and scroll through. the game sounds interesting. I'm at a loss, right now, what to go for next tbh.
Am going to have a look Strictly. I also note you're in Vodafone, as am (v heavily actually), as is my dad (far more so than me - he's held them since they came out of racal in '88). I've also kept my verizon shares too Am going to go and have a look at the vod sharechat too.