Member Info for Raleigh

Plus a lot under the 2nd. Tranche which includes us -
"CD&R has agreed to invest £20 million pursuant to the Firm Placing as well as up to £14 million pursuant to the Placing and Open Offer (subject to clawback by existing shareholders under the Open Offer) at the Issue Price."
So if you take the view the cornerstone investor will not be selling, the less other investors including pi's take up - allowing CD and R to take up more - the better off we shall be.

I suggest that in difficult times for all, and in line with my last post, Countryside's business model will prove advantageous. This from Countryside on 14th. May.

"In addition, our mixed tenure business model remains robust and provides us with a degree of resilience with only around 40% of our business reliant on the private for sale market."

Johnson said share prices implied a fall of 10% or more for house prices which was overdone given factors underpinning valuations including government support.

"We believe with banks' willingness to lend on Help to Buy, strong buy vs rent economics, the greater priority of homes post lock-down, and decades of under-supply will continue to provide a resilient demand profile," she wrote in a note to clients.

"Demand will be strongest from first-time buyers and for cheaper homes, favouring Persimmon, and for affordable homes, perhaps boosted by the next budget, favouring Countryside, she said.

Persimmon and Berkeley's ability to pay dividends is undervalued but Redrow and Bellway provide a better value opportunity in the sector as worries about stretched balance sheets recede, Johnson said."

And your point over and above the necessary capital raise is what?

Some confusion here about who people think they are at a moment in time ?

To clarify, Carnival currently down 6.75 pre market USA.

At present it is a non-discussion.

I imagine Sig will concentrate on existing business. I think you floating the vague notion of wanting to expand into other continents, is at this stage far-fetched.

Where are you getting that from ?

I am not aware of tweets. But silence from them, and it must be optimism from others, is currently just the ticket.

We must look to Europe and the construction industry.

Dow this, Dow that. America, I think, is a problem in waiting. I understand what you are saying. But, I do not think this share can ve viewed as ' overvalued. " A recovery play, say for the sake of it moving on from 27.5p.

It may be to further that key objective
"Blackbird clearly demonstrated and communicated that it can be a market-leading product for blue-chip global Enterprises. In 2020 I look forward to building on these direct-sale wins and accelerating growth by striking deals with Original Equipment Manufacturers ("OEMs") where Blackbird will be sold as an integral part of a larger end-to-end media solution. This will mean that well-established OEM companies and their requisite sales teams will be selling Blackbird to a larger volume of global customers."

I have not read back into the RNS, but my memory is that it will be 1 for 4, no excess facility, and any immediate shortfall by others picked up by C D and R and/or the underwriters. No scaling back for pi's. Pleased to be corrected.

My deadline is 6th. July. I intend to buy into the offer, subject to not having bought before at less than 30p. I cannot see that happening.

Get the raise done and dusted. Those playing with this will go. Then a period when they start to implement their plan, even perhaps with lay-offs being seen as beneficial to the company. And many of us will have gone, perhaps leaving a little behind, before the overall outcome becomes known way down the road.

Sell, or take a pill.

I do not think there is an issue of fact about the past, or indeed what is intended for the future under private equity - As the new CEO says, "After nearly a decade of contraction, which has included disposals, rationalisation, debt and cost reduction, it is now time to focus on how to grow SIG and rebuild our core USPs of customer proximity, service and expertise."
It is after all, a turnaround exercise. And that is a particular speciality of CD and R and their cash.
You never know, it might work. Let us who are in fact invested hope we can move toward that £15 peak of May 2007. Rather a tall order, but a good stab at it will suffice.

Generally, brokers marking builders up, as with Berkeley, to 'buy'.

Simon King, chief investment officer at Vermeer, describes these opportunities as plays on “reopening trade”, and includes industrial stocks as well as construction and infrastructure companies. “Investment in infrastructure and a desire to get housebuilding going quickly will form a part of all developed governments’ strategies, particularly in the UK, so construction-related sectors should benefit in the short and long term,” he argues. He picks Persimmon, Vistry, Balfour Beatty and Breedon as shareholdings. Among the industrial groups “exposed to strong end markets” he names Melrose, DS Smith and Linde.