Member Info for oogleflugal

For the third time in 7 days HSBC increase stake with a side order of fries to over 8%. They've got a real taste for this now. Last placing was £3.15? Social distancing down to 1 metre

yet another big late reported sale but only 80,000 this time. Sp staying pretty strong considering, although they did drop the spread 2.40-2.50 this morning. Just shows that there are plenty of buyers out there who know value when they see it even if an Int can't. Almost tempted again myself but am happy with my holding.

I was expecting this to meander back into the 50's like last time to top up. No news, unless something has leaked. Not many shares around so it only takes a mild cough to send the shares spiralling off one way or the other. Yes fundamentally sound as a pound but still need evidence of new sales and contracts.

An article in the press about mortgage caution seemed to deflate builders then countered by Hsbc with target of £2.50. Does Trump run everything now?

Yet another purchase by employment trust of 35,000 shares @2.10.

Another big late reported sell. Must be nearly cleared I hope. Still no RNS. Of course they don't abide by the rules because nobody enforces them on Aim

Mobily. Somebody on Advfn emailed the Company about audited results and got a reply to the effect that whilst they are ready and waiting the auditors are behind with several companies (due to virus lockdown). Come to think of it I have only just heard from my accountant and he is usually very punctual, so about two months late. When they can confirm a date they will update the market. As this has not happened yet I think it will be July now at least. I did take the opportunity to top up Friday. If that's all it is and they are still turning a profit this is a pretty good deal I think. Gl

From Stockopedia in March: While free cash flow, sales and EBITDA might all get disrupted in the months ahead, in terms of value, Wynnstay has a strong, asset-packed balance sheet with modest debt, net cash of c£8m and more than £20m of freehold property. In fact, impressively, the group trades at a discount to net current assets, so you can ignore all freehold and still have a margin of safety.
Just done a comparison with Carr, Anpario, Finsbury Food and one other. Wyn wins again! But it is pretty tough out there

Clueless Jeffries came up with £1.46 yesterday, the rest come in between £1.65-£1.85. One of them could be right but I doubt it

No smoke as I alluded to recently. Could present good buying opportunity

I said this could be the ace up the sleeve:)

after quite a chunky sell this morning the employers trust bought 135,000 at an average 45.5 rd, equivalent to about £2.10. Just about to top up and the buy jumped to 2.14. I swear they hear me coming. Will see how the Dow behaves and maybe get a few more tomorrow. does look like value here and they obviously know it.

Patrm. I struggled to get a buys in this morning. Strangely it kept getting cheaper. Finally accepted my bid at 140.8. Usually this happens when they want more money! Great update from June 5th. Sites starting up again. Workers back from furlough, viewings fully booked, return of dividend next year. possibility of land acquisition. I suppose the sector was a little weak this morning, but didn't expect that would knock the placing value completely off the sp.

Not too sure about 'trading below cash.' Market cap 135 million, enterprise value 195 million. All will be revealed soon no doubt soon.

It looks as though this may have been trading well bellow cash value, .not unusual for this sort of vehicle . That may have narrowed a bit. Just been looking through their rather unusual web page which does have a true dreadful amount of waffle, but underneath that there are some reasonable figures. If that can be sustained this still looks a very decent investment. So have dipped in and prepared to add more.

Got offered £1.40, but they wouldn't let me have them even thoughI pressed buy immediately. So no big deal had to pay a couple pence more, which having sold recently for a bit more can't really complain. I was expecting this sector to raise cash but thought it would be GFRD although they've switched more to construction. Wont be at all surprised if they decide to too. They have been very encouraging about sales and enquiries during lockdown. Slight worry is availability of mortgages and deposit increases but these guys seem to be able to help wit their own purchasing schemes I think. TW. have to replenish land banks obviously and it appears they have an idea of what they want so hopefully this puts them in pole position still holding a similar amount as the placing in cash.

I noticed those too Jolly. Quite interesting how static the sp has been.Plenty of buying including me. Normally they move a mile if someone buys or sells about 50 shares. The director purchases were encouraging back in Feb March and April. Always good to see the directors get their wallets out. I think some of the institutional selling has been client money from Shipley Brown. As to the most recent big trades I'm not sure. Cant see any problems on the balance, no debt, good free cash flow, div well covered, just not great profit margins, but thats the same for competitors. Have done comparisons with other similar companies on Stockopedia and Wyn is always the winner. Farming has been tough this year (isn't it always) but record rain in feb (hard to remember) and hardly a drop since.

Thanks for the thought MORE. Never change an old dog midstream! When I look into this more 'The Placing Price represents a discount of 17.2 per cent. to the closing middle market share price of 290 pence per Ordinary Share on 23 April 2020 and a discount of 3.6 per cent. to the volume weighted average price over the last 20 trading days of 249 pence.[1] The Placing Shares being issued represent approximately 7.1 per cent. of the existing issued ordinary share capital of the Company prior to the Placing.' I think its fair to take the 20 day average of 249 and deduct 10% which gives a fairer value of 225p after placing. Allowing for the closed period being extended by the lack of news from the auditors 'who are in possession of the relevant information' and are yet 'to agree a date for completion of audit' a further drop of 10% is not that surprising. There may have been a few other house keeping issues which coincided within delay so I think you just have to bare the frustration and look on this as a reasonable top up opportunity if not over invested here. There has been no news which would materially affect the share price. Fundamentally this is still good prospect even if the finances don't quite stack up yet. Its a gamble, but if the results underline the sustainability of having just turned profitable it could turn out to be a very good entry point . So the poor pi excluded from the original placing could at best be 20% better off than their placing pals.

85 million development contract won. That should tank the sp!

Spot on pcp. 112. This has been going on for weeks now. About 40% Ints pretty standard. Doesn't really explain the ridiculous spreads, or illiquidity in the stock.