Member Info for Rumpel

Hopefully, the BoD have decided to kitchen sink the bad news and won't be death by a thousand cuts. Cost control and cash management important. I don't know about their production cycles but lower sales, higher stock, cash absorption...will we get a 'surprise' on that front in the next update? I think the BB was probably done to demonstrate board's confidence in the business after the previous poor update. I can hear LWHL saying "Easy to do with Other People's Money" and I would agree!

Fwiw, I am still holding but the niggle I have is the extent that the business has lost institutional knowledge and all the batons may not have been passed on. I don't just mean at board level. All businesses evolve over time due to (or in anticipation of!) the changes in the external business environment and we likely all agree that's definitely the case here. Is the CEO bringing in a large corporate culture that needs to embed here alongside other changes? As ever, possible to read between the lines in many different ways!

I'm currently in the same camp as LWHL that this is likely a bump in the road however unwelcome it is. That said, it may not be a short one. I heard that the business has lost experienced staff and sales know-how. Equally, not sure which mgmt positions need change - CEO is relatively new and CFO is due to leave anyway. Has his mind been elsewhere? But a business of this size isn't run by just one person. Would be very interesting to hear views of any anonymous Treatt employees on what's it like in the workplace now.

Someone thinking it’s dipped as far as it will go?

Treatt got a mention.

https://www.youtube.com/live/hO0FJmTeNd8?si=UwqXsue-5nOkdnKi

Stanleyb - am assuming the 274% figure is the one that is being projected for the 2070s? If so, and putting this in an understated manner, that’s some way off! If I have understood it correctly, it’s also based upon extrapolating current trends out so doesn’t take into account actions that the many governments between now and then could take. Not saying those actions will be for the better, though!

Crossley - re: Barratt getting hit more…only a thought off the top of my head but have they got a double whammy for Barratt and Redrow, pre merger?

ITD - that link sort of worked…it had expired by the time I saw it. Any chance you can paste another, please?

Trotsky - re your post yesterday at 17.31. Your last paragraph about not completely ignoring the current yield is spot on and is, arguably, actually the most important yield figure if you are focussed on obtaining the best return from dividends (so putting to one side the aspect of capital growth / total returns).

I may draw the ire of a few here but I think that if an investor bases investing decisions on ‘their yield’ figure then they will potentially be making decisions on flawed logic. I have seen quite a few posters across the boards who seem to advocate the use of ‘their yield’. Anecdotally, it seems to be used when share prices have risen so makes me wonder whether posters use that figure to subconsciously convince themselves they are good investors? Of course, they may well be - after all, the share has risen since their purchase!

For clarity, I am not against calculating a yield off the average purchase price (I do so myself)- it’s more about it influencing whether to sell, or not, a share.

Looking forward, Note 2 interesting. Looking back, Note 13 interesting! To me, anyway.

Typing from the hip here, so to speak, as I have not compared the interims today to the trading update last month but unless the interims are different to the TU, then the share price pain was taken in April hence little movement today.

Seems today’s pricing is making it irresistible to sell some or all of BARC (I am being tempted but haven’t so far) but where are the proceeds going? Cash for later, other assets now or just cruises?

You can place a limit order - choose the sell option, select the account and the order type box can then be chosen to select the limit order type and off you go with your choice of limit price and expiry etc.

There is an “archive.today” website which can usually, in the case of articles I’ve wanted to read, be used to access behind paywalls.

Seems to be a problem with the RNS fees into this website. One has been issued today.

https://www.investegate.co.uk/announcement/rns/barratt-redrow--btrw/transaction-in-own-shares/8830732

Thank you JB

Thanks tophat. Every day is a school day! How does that work for non FTSE 100 shares? Is there a website you could suggest that provides a good explanation? I’m not grumbling about T212 - it’s still a platform I use with the ‘fee free’ aspect so useful for dabbling with small amounts.

FP - thanks for posting that link to the Pauls. FWIW, keep posting your views - am very much of the opinion better to have all views (positive and negative) and then place my own weight on what I think is important to my decision making.

I’ve got an account with T212 so I can do small trades economically due to the no commission and platform fee but I sense that limit prices are sometimes missed (essentially T212 systems too slow to get them when they’re in the market - is it their ‘skim’ to compensate for no fees elsewhere?) whereas on another platform they would be achieved. I’ve not done a direct comparison to provide proof - it’s just my gut feeling.

This popped up in my feed (a poster - can’t remember which board - had previously signposted one of his videos) and thought it may be worth a watch for those that are wondering what to do in the current turmoil. I’m not making any recommendations on what people should do with their portfolios (we all have different risk appetites, goals and portfolio compositions) and no doubt some of the stats (lies, damn lies and statistics) can be pulled apart but nonetheless I’ve thrown it into your thought process if you watch it!

https://www.youtube.com/watch?v=3PxqwZcTpc0