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So LSE agree to spend £2.3 billion over 10 years. Is that good value? Sounds like a heck of a lot of dosh to me.
'In addition, the Group's plans to deliver homes for the private rented sector (PRS) are unlikely to come forward in the next couple of years following the Scottish Government's introduction of a temporary rent freeze.'
This has to be a business case example of how to fail even in a buoyant market. I'm not close enough to understand where it started and continued to go wrong, but I would be interested in reading the book.
ST has cost me lots with lots of duff tips including BATM.
This share seems to march ever downwards despite some decent news from time to time. I appreciate it is barely profitable but seems priced to just tick over forever which I hope is unlikely.
Just got a H/L quote of 1038 for £1500.
Bellway shares are up about 20% from a month ago as are many other distressed shares with the bounce in the last few days. Gleeson share price is slightly below a month ago and about half what is what is the depth of the pandemic (April 2020) - what is it with this share?!
Is it perhaps time to throw in the towel and return the cash to shareholders? The legal dispute will likely run and run, meanwhile it looks unlikely they will be able to add to cash with the current level of revenue. Obviously for those being paid and especially the board it is better to keep this on a slow draining drip but perhaps not the honest approach.
A very pessimistic statement.
Yes - all a bit odd but then Aston Martin are up about the same % on no news. This one is just over half of its value from a year ago, so can't get too exited. Applied Graphene fell 10% so it's not as though the sector (if you can call it that) is up.
It's the brand and what somebody is willing to pay. You can look at all sorts of companies financials and scratch your head as to why the company is priced as it is (banks, housebuilders, telecoms). AML share price is likely for the next few months anyway to follow market sentiment, which in my book is overly pessimistic. I'm not saying I am a long term holder. Anyway enough idle chat, I have a lunch to go to.
I made a few bob buying and selling AML between April and December 2020. I know the fundamentals are still weak but luxury is less affected by recessions (as shown by LVMH) and there are interested other parties now. They have at long last got a SUV which though pricey gets good reviews. Mind you it's not pricey compared to a Prada handbag. I also bought AA when that was bombed out and that turned out well. I admit I don't always get it right and haven't bought large at these prices.
It's good to get that analysis from C26 as it balances the optimists. At the end of the day though it still has one of the best brands in the world, good cars (aside from electric) and other businesses interested in taking and possibly increasing stakes. With those considerations, and given we are in the midst of doom and gloom, for the price around £1, it seems cheap.
Another law firm throws in the towel. Does this mean that the contract with Snorkel is in fact not worth the paper it is written on? The saga will go on but whether any ordinary shareholders will ever benefit is another matter.