Member Info for schwee

Making the same mistake as the house builders in buying back shares rather than investing in their core business.

Yes, despite the fact that the investigation is complete. Who owns Braemar? Evidently not the shareholders.

Not priced in was the £32m of additional remedial work in Greenwich. And this begs the question of what else is lurking in the undergrowth.

But adding £20m of debt to their existing pile, which in itself was exacerbated by a ruinous share buyback.

But v expensive debt. Division unlikely for some time.

The divi yield has to carry a healthy margin over gilts to account for the added risk of UKW. So perhaps not cheap at all in the current bond markets turmoil.

Teenage scribbler ramping, no more no less. FCA are toothless so on it will go.

True indeed, but solution is not to invest in uk banks as they are all undercapitalized.

Assuming they repay the A Loan, on 31 Jan 24, they are perfectly entitled to pay a divi on 1st Feb if I read the RNS correctly.

Big advertisers no longer need TV or for that matter ad agencies as they can target punters more effectively on social media. Solution is to flog the tv business to Virgin?. Studios is where the money is to be made.

Too many holdings, but worse borrowing to buy back shares.

But increased scale is not bringing increased profits. Not clear what the strategy is other than opening more sites.

To misquote Mandy R-D, he would say that wouldn't he.

As a pure bank, its balance sheet is still too weak. Hence the PRA dragging its feet. But look it as a property company with a bank attached, and the shares look cheap.

Nowt to do with London Stock Exchange, and all to do with management hubris. Remember 80% of acquisitions destroy value for the acquirer, so the reaction of the market this morning suggests this is not one of the exceptions to this rule.

In reality nearer 10p as the share consolidation of 20 for 1 comes first. Not explained at all well if at all in the RNS.

Should Armageddon occur, it will expose the idiocy of buying back their own share in quantity. BDEV express a clear need for increased housebuilding, so they should have got on with it rather than indulge in financial jiggery pokery.

Based on info in the public domain for the 6 months, average cash balances are in the $20m to $30M range, available short term interest rates in the 3%/4% range, implying interest income of at least $300k rather than the published $37k.

Not sure why finance income is so low given the cash balances.

Its actual business is valued at zero, which for such a low margin operation is probably about right.