Member Info for RickEngland

I will post something tomorrow morning regarding shorts.

Sg; I was reading somewhere Burnham is very keen to build. I dont worry about margin pressures, Ive been in the civil engineering business long enough to know any government wants a "rolls royce for the price of an escort". Ultimately it needs to be commercially viable to continue. Govs know that too, even if they put pressure on.(i'm a contracts guy). The builder has the upper hand to be honest.... they make it happen not the politicans. The plus side is everyone wants new buildings, regardless who wants to press the power buttons, so it's a win-win. There isn't gonna be losers in this lobg term. Roll on next week. Be confident, and don't wait to long trying to time the bottom... or you'll miss the best opportunity since covid. Good luck.

Hi sg. Tensions i guess are running a little high, especially if down. I actually quite like both your opinions... i'm totally playing the diplomat. 🤣🤣

I wasn't watching vty, I bought shares in TW instead (still got 15000 ish) hopeing for 60p gain snd some divs. It was a mate of mine that said look at this (vty) around 222p. If I had seen it earlier with say a p/e of 8 (not 5) i would've likely bought at those prices (and be down myself). I spent a good 8 hours digging for every detail I could find on vty, and was convinced this was an absolute bargain. Short term cash issues, available credit and £2bn net assets. Buy backs instead of cash flow.... nuts. I reckon the previous CEO was maybe too close to the 'good' hedgefunds pushing for buybacks. It all felt too good with some minor short term pain to overcome. I'm the sort of fella to let it go when there's banter in chat. I've got £36k riding on this share at 227p average.. and to be honest im a little scared, although confident as well. So I guess I just want positive vibes, to help me though. I like you both, stay cool.

Come on guys lets not fight each other. Its's Friday, be happy. I'm in the pub for a few Guinness. 🤣

Vistry can do it. 5x p/e is a joke with £2bn net assets. I say that again.. NET assets. That over 2x current mcap. Good luck. Xx

Convinced myself to get another 2000. Now 16200 shares. Maybe in a year they might do 50p special div. Let me dream 🤣 . i'm a beliver, you can do it Andy (CEO).

Sg: business always finds a way regardless of tax or political pressures. Hence why vistry are buildings these timber framed brick style cladded houses (on the partnership side). It's much cheaper and modular. Once the ground work is done, can throw them up pretty quick and build them fast offside in the warehouse. They have over over 100 yr life span. There's good money in it. Bovis Linden and countryside are traditional build i believe, offering different styles. Thats vistry private side.

The political noise might suggest squeezed margins, but the reality is vty are already proven and competitive as a government partner supplier.. Add in variation work which can be highly lucrative. Costs are fixed, it's hard to push that down, revenue however is what ever you want it to be.

From a business point of view, i'm not bothered if it's Starmer or Burnham leading Labour, the rollout of government backed housing projects are ramping up. I would not be surprised over the next few years to see builds multiply x3, as the benefit feeds through. Additionally there's a possibility of lower council tax, if councils suddenly have rent income streams from wholly owned homes.

5x p/e is nuts, for a firm that has access to cash if it needs it. Plus 2bn net assets. I guess he just wanted his cash back. Fair enough. I'm in for the ride.... hang in there folks.

I'm convinced the trading update on 16th July, will be on target for cash, maybe even ahead of target. VTS saved £29m stopping the buybacks. Only £71m needed... easy do that on a few land sales down south and the final hurdles for mortgages being approved. I'd like vistry to hold £500 million cash moving forward, just for flexibility.

I also reckon the MM's will push for £2.52 today, to finish the week even. Up from there next week.

Anyway ive got more funds to play with. If any surprises.

Half hour to go for an BoE interest rate hold, and vty share price boost.

As long as these shorters keep attacking good companies, under some short term weakness, it give us little PI's a wonderful opportunity to make very decent returns. I'm talking "paying off your mortgage returns" if brave enough. I get it they're annoying once we bought in, but we wouldnt be in at these prices without them. Try look past the current sp, and measure the company value. P/e, book value, balance sheet, order book etc yourself. What do you think its worth? Build confidence in your own brain, that your hill is rock solid. Don't sell out for pennies. Leave it... let it ride to £7, then £10 , trim some (lock in some profit) ride to £14 if a return to dividends keeps it rolling upwards.

Sorry another ps: think about ISA strategy. Try to have shares with better growth potential in your ISA. Lets say you've got LGEN (or maybe a non div paying share instead) and already say £10k on them and you want to keep them. Then considering buying them in your non-isa to allow for £3k more gain, then it frees up room in your isa for say vty super growth. Just have a good think before doing anything rash. Then think about what your tax hit will be if receiving divs in non-isa. Obvioudly charges too moving shares around.

Ps: i had a similar problem with 300k lloyds shares in 30p's during covid in my non-isa. I bought RR as well, but panicked during the rights issue, so sold. Major error there ftom me. haha. Gratz on your RR though... nice.

Hi Roger. Assuming you dont make 3k profit, than sell it all (if under £20k total). Then either ask your broker to move the cash from non-isa to your isa account, then rebuy. Or withdraw the cash, then deposit again in your isa. If you make more than £3k profit or the total value is over £20k, it might take few years to move it all. Bear in mind it's profit per share to equal £3k, so you'll have to play with the numbers to suit.

Personally i do this: If you have the funds, load your isa first with £20k buy the same shares, then sell your non isa shares hopefully a few pence more. That way your can cover costs as well. It can get a bit tricky with profit, if loads of profit up. So maybe calculate what you intend to sell in the non-isa (based on £3k profit rules). Then buy that in the isa next year, then sell it down to match in the non-isa. Hope yhat makes sense.

Your other alternative to use your wifes isa allowance. If you marriage is solid, haha.

Vty are not paying divs at the moment (I hope they do in future), if they start paying, that's another hurdle. Although that's under income tax rules, rather than capital gain. I think you're allowed £500 in divs, not checked for a few years. As I only use non-isa for absolute bargain buying opportunities. Hope helps.

17,500 shares. That's £245k @ £14 a share. Plus some decent divs on the way. Nice one gratz.

I'm only at 14,200 shares, but I maxed my ISA, so was kinda limited (even with some jiggling). Got 5,000 vty in a non-isa, but it's gonna be a pain shifting it with £3k a year tax free profit allowance rules. We need £50k a year ISA's.

It's been fun the last few days. Haha.

Dont panic folks it's worth at least £7 a share. Dont walk away with pennies get pounds.

Remember when your long, the price is to infinity. It can be very painful shorting. I dont trade anyway, I invest (buy shares).

Lets all do a Robinhood gamestop and smash it too the moon. Buy buy buy.

Trying to hold it folks 14200 shares. Let's smash these shorts.

Vty is worth at least £2bn 'net' assets, if they shut up shop tomorrow. I was in deep thought last night over cash, vty have massive flexibility, they can sell land they dont want in the south east. Plus houses, plus huge credit facilities. Plus the new government partnership is incoming.

I don't foresee a cash problem. It's all fear.

Bought another 6900 this morning.

Then Adam gets share options at £2.20 ohhhhh