Member Info for Peltata

Any RNS will be great as they’ll obviously put the best light on it - no RNS is bad news, this kind of slide on anon info needs counteracting asap. The bod *should* be in conversation right now to get one out by end of day.

Couldn’t agree more - has turned into a gamble. I’m out until the dust settles. The price has ample momentum to decrease more and I’d rather take that opportunity to consider reinvesting rather than riding the waves now. There are other slightly lower risk opportunities out there worth considering too.

For months there has been no news and this is certainly taken as bad news in the current climate - only one small disposal which has a small impact on a large debt. Maybe the appetite for acquisitions in the sector means only low offers are being made and this is tying their hands - trouble for us is we just don’t know.

I’ve reduced my holding - if it drops further I’ll see if it’s worth going back in but this way I’m not exposed to the drip- drip of everyday drops. Also gives me some cash to hold in uncertain times, may be bargains ahead given the political uncertainties.

Not sure if they are actually involved in the buying and selling process. My understanding was that Nested supplies cash loans of up to 94% of the house you are selling so you can buy your next house and avoid a chain. Chains are stressful but not sure this reduces that stress or just replaces it with a different type! You immediately expose yourself to a timing risk if you own two houses for a short period, and for the next year in the U.K. house prices are going to be fragile.

That was my parents experience- one buyer upped his bid by 3k and got the house but after the survey they bartered it down 3k when the other parties had moved on - no surprises for us and glad to get the house sold.

For sellers who want to take on more responsibility, set a realistic price, and be happy with a quick sale at that price PB is perfect. If you want an agent to squeeze as much out of the price in a longer time under the assumption this will cover the extra costs then a traditional EA is ideal. When my parents sold their house they got 3 offers at the asking price and the traditional EA couldn’t be bothered to talk up the offers and actually said out loud, when pushed to call the potential buyers, that he was “really having to earn his money on this one”!! Needless to say, I’m in favour of taking more responsibility and paying less in fees.

Spot on Dave - I’ve looked at houses in the past to find that the asking price was aspirational but if the home owner has time they have nothing to loose -PB needs to focus on those needing to sell and who want to save the commission difference, this helps towards stamp duty. There is a market for both.

Topped up at 564, FCA approval removes uncertainty, so surprised this hasn’t reacted better.

A recurring theme https://www.building.co.uk/news/cash-strapped-interserve-will-have-to-sell-rmd-kwikform-says-analyst/5090225.article although the article puts rmd at over 200m back in Oct 2017. At least this option means it has time to recover before debt is recalled.

On HL that trade is marked as a buy so worth pointing out the exchange only makes the trade price available and the buy or sell part is implied from the prices being traded at that time - so only two parties really know the truth for sure!

True, but last time the ad costs hit profits and this RNS mentions increased ad costs in the sector of 80%+ . So good prospects for profit but in the longer term

Down to 5.3% today, down from 5.9% as I recall

That’s interesting- any other companies doing this? The high number of IIs holding and not lending out I guess. At 30%pa I’m surprised it’s so ‘high’ at 1.4% now!

Anyone know why short tracker always shows such a low % for PURP? With such a decline over the past few months I find it hard to believe no shorters tapped into this.

Some good news at least.

https://www.providentfinancial.com/media/newsroom/2018/q3-trading-statement/

It is the same HF BrightSphere thats caused the last two decreases, it’ll get interesting if others start to decrease too. BrightSphere is the largest shorter still.

Have to agree that just because Bruce has been there from the start does not mean they’re the best to head up a potentially large multinational esp. when he’s into his new toys! Must be a few IIs looking at alternates to sort out Oz - any bad news on business model in just one region is going to look bad come results day.

Anyone know if Springer are still happy with their investment? If they really rate this area of the industry then it would be a good time for them to increase their share. Of course, they could also be getting cold feet but they do have deep pockets that PIs don’t normally have.