Member Info for Roguemale1

I saw it to seel Billzo, I was waiting also. Had some at 103 in the end....

Aspers.

Maybe tell us your thoughts on the remaining value of goodwill on the balance sheet against insurance. Bearing in mind insurances current position. DO you think its justified and do you see it being reduced further again next time around...

Or just carry on the cheap insults if you prefer obvs....

Gotta love a Switch Billzo!?:)

He missed off the bit that should say "..and therefore the board and I will be foregoing our bonuses for this and next year".

Ha Ha Playtowin- Gotta love a bit of sarcasm on a holiday weekend!

Citadel doing a good job on this... hopefully a TU in a couple of weeks may underpin a turn. Then again its a good opportunity down at these levels.

Yep.

Might buy a few if I can be bothered to pick the phone up. No need of selling at these levels.

Huntingdon wasn't a by-pass but we know what you mean...

The only issue on the award is that it isn't really clear what slice we will get. Looks like a lump of pipework and some management.

It needs to be a quid minimum. 80p doesn't pay for 4 years faith and patience. Dont fprget long term IIs are sitting on a high old average and a rights issue. I would hope they agree that it needs a new CEO first,- a bit of action and this would be more than that without a takeover..

The Divi indeed. Clarity on early pension fund sort out needed, and that won't be until June July probably based on previous.

A large holder on advfn board makes some very good points if you are on there.

Good news didn't come?

PS

And current CEO wants 3 x dividend cover when previous was roughly 2 x.

Will be roughly 4p when all washes through imho

Mainstreet

There was a rights issue in 2020 which raised the shares in issue substantially. So that's a big part of it. The other big part is that the 1.2p equates to £3.3m as a cost which is the maximum he can pay without having to overpay the pension fund. This agreement runs to 2027, but as he noted in the report, the annual pension position review is 31/3. He may use that as a way to pay a higher divi. He has the cash but he's very cautious....Overall the business is back from its disaster jobs to a level where the Market Cap was previous double (say 2017..) what it sits at today!

Well yes, ships...could be anytime though or not I guess.

Another decent day, COST rallying ahead of results, so just need this to do likewise to seed some other prospects for next year!

I have had 3 or 4 takeovers on stocks I was in for recovery in the last 12 months. None made more than +30% from memory-nowhere near previous MCs. Need a bit more than that here-I hope RDHs price is the floor!

M

Badgernator.

I also have always thought no reason not to be returning to a pre-covid MC. The problem I have is that getting to understand what the precovid MC actually was is a problem unless you were invested at that time maybe as back plotted price graphs after rights issued are nonsense.

Does anyone know what the peak MC was pre 2020 and the price/no's of shares in issue at the time?

Struggling on Spights, struggling on. Yesterday also good for some of mine though coming after a bad week, 10 days its hasn't really got back to square one. Faith and patience being sorely tested. What news are you expecting here?

Hi Spights. you ok?

I think it's all been said until some kind of news drops tbh.

Ignore me-it was leasehold.

Plus the cash from whatever they do with the Maidenhead office site...

Indeed. He's very conservative but the II's will want the divi back properly. Historically used to be roughly half earnings, but he's flagged intent for 33%. My guess 3.5p annual total. Big contractors reporting recently have all had good results. These upcoming should be back to 2018 numbers IMHO. GLA

Hey. Yeah I know what you mean and agree about the goodwill (at least it's not cash). I shall be very wary if I see that again anywhere else! If it wasn't for yer man buying in and now the possible ship deal then I would have been probably half what I am now (very slight uplift from my historical).

Totally agree re 2-5 view. Its kind of take each part, look at this year and what hits it, and then say what does that look like without all the impediment, is that possible and then see what fantasy MC it gives. Money tied up for now-it owes me a little. You never quite get that, one grows, you cash it and throw into another at the bottom do you? AH well we'd only get bored sipping Margaritas by the sea!

Cheers