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Yes, i agree. I'm too long in the tooth to get overly concerned as i see very little risk here over the longer term. I'm sure it's near to a bottom level if not already been seen as the yield is edging closer to 10% p.a. regardless of the capital appreciation potential which i believe will become irresistable to investors. Does make me chuckle when peeps with entry prices in the 90s start wetting themselves on a few pence drop here!
Karl,
I have over 200k of these shares now which all agree with you. The drops to the 80-90s has enabled me to drastically reduce my average but still hugely underwater overall. Not concerned though. This will come good at some point & where it's got to has shocked me tbh. Just a patience game this one. good, solid business!
Famous last words. I thought the bottom was 127. It went from there to 147 & all the way back down again & here it is! I hope it is the bottom but i wouldn't call a bottom until this is safely back over 90p!
You're putting your nose on the block there Hindy! LOL. I hope you're right. Looks to be flattening out a bit today so hopefully the bottomless pit has found a bottom. I'll buy another good chunk if we see the 70s here but i doubt it'll get there. Who knows? crazy times!
JG, this has always been a 5 year+ investment. Once the profit turns which should be the next results there should be a progressive growth here like you see in the SP chart from 2009-2019. Yes, the SP is appalling atm but that should change as it is looking extremely overdone now. As i see it this is just a time to accumulate stock on the cheap; take the divis & wait. Simple as that. Watching the SP ticker daily will only drive you either to panic sell or go mad. There are no going concern or liquidity issues here. I'm amazed at all the panic tbh!
I would expect if they hit that FY ebit range they should be showing a fairly small profit after tax. Around £30m at a guess. That would be the first clear profit year since 2019 when they had PAT of £148m & in 2018 PAT was £138m.
JG. the falling will stop at some point. I'd expect that to be soon but is really anyone's guess. For me the valuation is just way too low at this level. I bought a good load @86. I'll buy another lot if it goes below 80 as well
Well, they're predicted EBIT is 200-215m for the year so you take off the £82m. They should ultimately end the year with a decent profit. This is a 5-10 year play which has always been my stance. It seems a lot of peeps expecting to bag overnight on this. That's not going to happen here but a nice thought. It strikes me that people who've got in on this in the 90s are panicing. Absurd!
If you believe the company is worth less than £500m you should sell up! If you didn't believe in the intrinsic value you should never have bought in the first place. The market is just that; a market! Seen loads of shares get clattered down to stupid levels then straight back up again. Same will happen here. The only question is when will people stop losing their heads panic selling to feed short sellers agenda!
I hope you've had the humility to apologise to all those LTHs of Persimmon who you were trying to heckle into selling when it dropped sub £10 saying it was going to £7. but it didn't get to your elusive ASOS buy price did it? Of course you won't dare darken that BB again because you are just a natterjack toad sitting in a decrepit bedsit in Grimsby, jealous of those who actually have money! All posters need to look at this 24 carat moronic cretin's posting history. Pathetic scum!
Your comments have no credibility. You crystallize losses on seemingly every share you claim to buy. You do not understand this investment game. You are a clown. Get a job in Aldi or somewhere if they'll take you. Investing is not for children or illiterates like you!
I imagine all the same doubts & questioning arose back in 2009 when this was 92p. Probably the same when IAG was 90p; when Rolls was 65p; when Melrose was 94p; when 888 was 50p etc etc.A huge list of them!