Member Info for schwee

Perhaps the clients of the teenage scribblers want to sell out, so are trying to sell to the mugs.

Most property companies have had huge revaluations over the last 18 months which are clearly fantasy. Conflicts of interest abound.

are encouraging. Downside is the long property leases, which at current rate of repayment will last for 17 years.

In other words, a basket case.

As Bdev have a ROCE of 30%, why would they want to do a buyback?

But words and figures do not match. Amongst the corporate guff, Bdev are committed to building more homes, but in the next breath buying back £200m of their own shares.

We all have different points of view, thank goodness. I thought the failure to mention the cash/debt position in the RNS was a negative.

Confiture demain.

Taverham,

But still having to pour cash into the pension fund. This is a drag and will make any raider think before jumping.

Corriedog,

Admin expenses clearly out of control. Do not expect any relating any time soon despite market cap being mainly cash.

Order growth does not necessarily turn into profit. Avoid IMHO

Working capital is rather out of control, though accept maybe partly due to supply chain concerns. Profit flattered by £20m property gain.

One for the long term if one has the patience.

Oversubscribed, yes, but not by much. Perhaps suggesting that most shareholders are happy to be in for the long haul.

The final para of the RNS left open the possibility of the Ziffs increasing their own shareholding.

No need to get excited boys and girls as very noticeable that there is a radio silence from Next.

Rather strikingly the RNS fails to mention the cost to us shareholders is the best part of nearly AUD 10bn.

I find it odd that a dispute goes to Court. Commonly the contract for sale will have an arbitration and/or audit clause to adjudicate any post close dispute.

Even if HFD win in the Court, they will still have to enforce the reward, and that may prove difficult.

My gut tells me not to accept. Perhaps MMS are maintaining SP below the tender price so as not to undermine the tender, but who knows. And in the long run the Ziff family must be talking at their dinner table about going private sometime.

The key is held by the Debenture holders at present, but a deal will have to be done with them sooner rather than later as the redemption date is drawing ever closer.

The 4 could only have said yes coz they knew the fifth would say no.

Sailormoon,

Divi is in this a.m.

Still not in my account yet this morning. Who to blame? The financial services industry as a whole: the ultimate bloodsuckers. The FCA are useless in bringing them to heal.