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Even up 7%, this is still dirt cheap.
With a bit of luck, Countryside Properties will turn down In-Cap's approach and they'll bid for Wimps instead, finally putting this share out of its misery.
I thought this would grow slowly post-100p (and paying a divi), but it seems to be returning to its old form (i.e. bouncing around in the 60-70p range. Pity, but can't say I'm entirely surprised. Breedon probably needs to make the leap into the main index for the sp to gain any long-term stability.
There was much consternation here several months ago when someone dubbed this a 'dog share'. If it wasn't then, it certainly is now. The market cap has been woeful throughout the housing boom and now, as we head into a probable market slow down, it is pitiful. What next? The FTSE 250 probably.
"I have already informed everyone that nothing will happen"
Oz The Great and Powerful has spoken.
Oh well, it looks like the RR chat room has turned into yet another irrelevant general discussion forum. I'll stick to the financial press for any updates.
The uptick in defence activity alone ought to have put it circa 110p. Civil aviation (and the prospects of the Indian deal) are looking good for the medium term. SMRs are more of a long-term thing, but could well bring a substantial uptick in the next 5-10 years.
As for Monday, 100p, if there is no further A&M news or an RNS. 120p if there is.
The only reliable thing about this share is its dog share performance.
Make that 25.6% at close.
The fact it is still live trading 18% up on the U.S. market would tend to suggest it ain't fat finger.
Melrose is a British company and probably could mount a successful takeover - and add a lot of value to RR.
Given that the sp is up by over 5%, that 'dump' is most likely a buy.
I took a punt and invested my 50% profit from when I closed my holding here last year. Quite risky though. Even if the war goes away, the Russian government might still impose very heavy taxes on the Russian elements of the business. Still, the price is attractive.
Could easily halve on negative news - and there will be plenty of that over the next few days.
Value trap. If this doesn't get hammered via sanctions, it will do so thanks to crippling 'special' taxes from Putin.
Cebo. Fair point. Assuming this goes through, I will be holding onto the GXO share allocation and may even apply for a few extra (which the RNS suggests will be possible under the offer). We are certainly in a very different place to a couple of years ago, when I was cursing the underwhelming performance of the Clipper sp (which then dipped even more sharply in the Covid crash). I won't be ecstatic if the deal goes through, but nor will I be too disappointed, having more than doubled my money.
I too am unimpressed by the offer (920p in total). The cash offer part is based on the average sp over the past 3 months, which conveniently for GXO, has been somewhat depressed after the highs of last year. The Clipper board may be enthusiastic, but they will need the agreement of IIs, who may not see the offer as good enough. In my view, anything less than £10 is unacceptable, given that the sp could probably hit that price within 2 years and perhaps £25 in 5 years. The only silver lining is that the GXO share offer means holders will still have some exposure to Clipper's future growth prospects.
I bought in last year, only to watch them fall by 11%. Glad I held on.
I do not think Putin will invade, as it would present too many political and economic risks. The perceived risk is unlikely to go away anytime soon though. I still think the biggest risk to Evraz is that of the Russian state creaming off more taxes from steel producers. The relevant minister said a few months ago that they were looking for a more permanent higher taxation structure for firms like Evraz. Why should Putin worry about UK shareholders and their divis? In any case, Russia isn't getting any more politically stable these days. I think the sp would have to drop considerably (sub-300p) to regain my interest. The new risks still aren't reflected in the market cap.
Political concerns are clearly weighing on the sp. Putin's adventurism in Ukraine could end up being very expensive and he might be tapping companies like Evraz for even more in taxes. He might do so regardless, given previous ministerial comments about taxing steel producers. In the event of an invasion of Ukraine, further sanctions against Russia could also impact Evraz. I wouldn't touch this share with a bargepole these days.