Member Info for Roguemale1

No error there Alnwick? He's posted an IC article.

They've posted a loss. That's a fact. If they write down more goodwill next year they will again.... they're gonna keep going until its all gone.

Yeah interest rates falling, and also Bond yields falling would get developers going again.

This could easily do a RR. imho, its just not well known. I'd only heard of them because I'm in the industry.

Not long until HY.

Would you bet against us?

And the rest of the goodwill...

Next year Rodders!

I think you're missing the point.

Because of those parameters there is no possibility of a dividend until 2027, so we shall see what happens without it... Market currently not agreeing with your P/E based shareprice huh? Divi in 27, shareprice follows.

IMHO.

Alnwick, without a dividend this wont go anywhere near £6 a share -look at other examples eg COST. The divi has to come back where it has been halted. In COST's case it come on so far after the divi was recommenced and now probably wont move up much now because the divi they can actually pay has a limit on it so it cant return to previous levels, until the restriction is lifted.

Well I would think jam in summer 2027.

Because:-

To pay a dividend again (which would make the share investable for some funds)there has to be certain conditions met.

1. Leverage (excl Cruise) has to be 3.0 or less. Current 4.7, down 0.7 last year, 2 more years and maybe a little increase in EBITDA and youre there in 2027, lets say April 27 with results

2. Dividends are prohibited until the deferred Cruise payments are completed which was agreed as 5 years from March 22 ie March 2027.

3. The Directors still have that big bonus based on a £6 share price-the term of that was 5 years from July 22, so expiry(?) July 27. PLC Directors love a bit of cabbage so I think that will get hit.

So 4 and bit bags in just over 2 years? I can wait as long as the price starts to improve, but it does rather seem that there's a seller so until that clears it isn't gonna.

Anyone have a view on the above?

I'm liking this....

1.479m shares today....

Nice one Rog!

Blue on a red day....might get to 150 with a couple of turbulence free day?

Problem is still 200m of goodwill left so next year will look similar to this. Not really sure how anybody is gonna value this still.

Ship re lease quietly disappeared no?

I hope not Monty.

I want it back at £2 plus. When the Building safety act log jam finally unravels and the interests rates come down at bit more there's no reason why it wouldn't be. There's been no dilution here and there's no reason why its historical MCap can't be reached again in a couple of years. A low ball take out would be a disaster IMHO>

Lots of bargains out there. Some of the intra day movements are crazy. I hope this week is OK to generate freeing up a bit of cash!

Https://www.investegate.co.uk/announcement/rns/ormonde-mining-cdi---orm/investee-company-update-tru-precious-metals-/8813995

Svend, I generally agree with most of your post but I don't think comparing Vistry with either Laing or Carillion is relevant. Laing didn't go bust remember, they just sold the risk contracting business...well, they paid to make it go away actually. And Carillion i know less well but as far as I know neither did much of similar works to Vistry. ATB.

No probs Rupans. They are still showing live on SAGA investors pages though. All good.

AH ok cheers

I had Peel Hunt in my head-looks like they have both? Maybe we get one from them also?

Interesting a week before results-wonder what figures they have used for that....

Hmm well the win rate RNSs are at 415k a week... so probably not fair to annualise that but of you did that's $21.6m revenue. And we can now see the likely overhead...

Crumbs Matt

24 negative posts on your first day on LSE. Quite the entrance...

You know me Rupans. Tongue firmly in cheek!