Member Info for sdon

Spikey, I'm guessing you are under 40? Well I'm one of the tail end boomers (I think the timescale. 20 years is too long, and identify as gen X!)

So I'm 5 years away from getting the state pension. It might surprise you to know that I agree the triple lock should go, but I differ from the Times piece, which calls for only ONE tracking metric. it should become a double lock IMO.

Why? well as the author states, tying to inflation meant it fell far behind wages, and anyway, we all know real inflation is higher than the figures the CPI gives. The RPI would be closer, but is not used. Poorer pensioners spend most of there money on food and energy, which usually have higher inflation than CPI. figures

Tying to wages is also problematic, as sometimes wages fall behind real prices, and workers can usually try for a higher paid job, or work more hours etc if struggling. Also, any pensioner who has any other income from another pension or investments, is taxed on those extras as the basic state pension is only just below the tax free allowance.

If I'm right about your age, I realize your generation are finding it hard, but the vast majority of pensioners found it hard too when they were in their 20s, 30s or 40s. An awful lot of politicians are pitting the young against the old. This is bad on so many levels for reasons I won't go into, as my post is already long!

So it's not turkeys voting for Xmas as far as I'm concerned, a double lock would restore some fairness across the generations, I would hope any reasonable over 60 year old would agree.

I'm the same, so was less worried about share price, after all, you only lose or gain if and when you sell.

SOHO is particularly galling though, because the share price has crashed, and they may well get wound up in the future, because of a bad payer! (I got mixed up with Inland homes, the builder)

Galling because the share recommender sites were advising as a buy because "the income is basically guaranteed by the government"! HA!!

BTW, I bet the bosses are getting a huge bung!

Tmnky

I've just looked, and I am 30% down on price (my platform helpfully shows me!) so I guess I bought at about 72p 4 or 5 years ago.

Yes, rates were on the floor, and I bought into a few reits chasing reasonable price stability (NAV of bricks should be ok?!) and dependable divi's.

SOHO is well down, SUPR is dowmn a bit, and Inland homes went completely belly up, because of non payment of rents by quangoes, charities etc.

So I thought, "her we go again, I'm getting stiffed by some vultures"! But looking at PHP, they are in a similar pposition, so out of the frying pan, into a saucepan! Same field, similar fundamentals, slightly higher gearing, which I don't like, but I suppose I was getting 5% yeild when I bought, now nearer 7%, so meh!!

Well it's not "hurrah" for me castleblack. I bought AGR years ago when the price was in the 80p's, so sitting on a sizable loss.

Before you say my fault for buying at the top, I am less worried about the paper loss, as bought for the long term and predictable dividend yield, so had no plans to sell.

I have spent hours reading all the bumf released (if one is lucky!) by Assura, and am still not sure what happens if enough shareholders, like me, refuse this offer. It seems they need to get 75%, before the rest are compulsory purchased?

The previous offer by the other bunch of chancers had to have a vote and court case, doesn't seem the case this time?

I have a chance to vote, AJ Bell takes me to a "proxy vote" site, which works for my other investments.

However, when I click on the link for info on what I am voting on, it lands on a blank Assura page! I tried via android chrome, and got a "123" this domain is available!

So no info, but i am dead against this takeover, Having bought years ago, I am 35% underwater, but would be happy to keep, and receive the dividends.

My guess is the directors have had their pockets stuffed!

I agree. Too many "partners" with a stake, hence having to share the bottom line. i wonder if BDEV are chasing the large turnover at the expense of profit per unit. I got burned with Interserve trying to build too many projects with small margins.

All it takes is one large one to go belly up, and the company folds. BDEV are playing with the big money boys, who won't worry about throwing them under the bus when they have done the spadework (yes, pun on purpose!)

Of course! But in any event, the regulators/authorities got this wrong, but have forced the developers/contractors to foot the bill!

What with "windfall taxes" in other industries, the UK is becoming difficult and risky to invest in.

I've got shares in a few of the UK builders, and have obviously been burned with this issue. SP falls, but more importantly for me, divi cuts.

I worked out very quickly when Gove the snake cooked up this scheme, that the blame (and remedial cost) was being unfairly passed onto the builders and or contractors. I don't know if the politicians were to blame, but I would squarely point to regulation. the builders only fitted what was available, and more importantly passed as safe by building standards at the time, probably all kite marked as well?

I have to agree with windy. The timeline for the AVA 6000 trial phases has been abysmal.

The reasons are not worth going into again, but RNS's have proved to be misleading on timelines time and again.

Yes, "it works" and no doubt AVCT will fly in the future. Until then, we are steadily being diluted, and always have a risk of new and better tech coming along, so as a LTH, I remain disappointment.

Still, jam tomorrow eh?

@driftking

The UK house builders were strong armed by the snake Gove to remediate the cladding c**k ups, when it was the fault of British standards, regulations etc, so the bill should have been picked up by the taxpayer.

however (rant over!) this would have dented the price for the last year, until the works are complete, it is only estimated how much this will hamstring the builders. I expect there are other factors, as stevebt points out, and the economic cycle does not favour house builders ATM.

OIL wise, Shell and BP were amongst the first shares I bought in my SIPP many years ago. "Never sell Shell" was a stoke market adage, well I did when they slapped the windfall tax on 'em, sold NG, and SSE as well 'coz these Tories are bad, but Labour may well, if not re-nationalise, windfall tax anything that shows a profit and doesn't move!

You are right, this has been already announced. I worded badly sorry, I was looking at, provision in 2020 financial year, was it in the teens millions? Then new rules, another 30 odd, then tweaks and 30 odd this year. Suppose I should be grateful it has not been increased!

Like the rest of the builders, it is a trawl to find out what the cost is, if it will increase, and most importantly, how many buildings are done! I.E. when this scam can be put behind the builders, and Labour start taxing them for windfall profits!

So another 30 odd million, and no further divies. i didn't expect the divies, but am seething at Gove shifting the remedial costs onto builders when they complied with the legislation at the time. Different story with the jabs!

I am especially sore, because I own other builders too, who have also taken a kicking.

However, when I worked in the industry, WJ seemed a well run outfit, so I'll be adding when this inevitably drops into the forties, as the divi yield should correct to less than 3%?

There was an "incident" affecting AIM shares on the LSE this afternoon. This may have something to do with the strange prices.

Thanks notrex, a rather depressing, but ultimately true read. the politics and hence policies of envy always turn out bad after time.

The world is unfair, but to try and put that right, and the "winners" vote with their feet!

@macca, I don't know either, but retail are not locked out. Not for small amounts anyway, I had no problem buying a thousand odd for 110.5 earlier. Woohoo! timed it ok for a change.

Thanks for the info belgrano.
I suppose they always catch up in the end then? As I love the numbers, but hate a share where the company is dependant on one revenue stream that is unreliable, I think I will have to sell, maybe after the next ex div (or the one after that!)

It is not just that the product in worst case scenario can't be sold, it's that money is effectively given away until the "promise" of payment is forthcoming. For me, this makes a bit of a mockery of the balance sheet.

Manan - Is that a rhetorical question?
If not, the answer you are looking for is KRG being tardy with months of invoices.
I should know, because I read todays results release in detail, a shame I did not do my research before buying the stock last year!
Blinded by the dividends, but of course, the KRG have only been messing about since. I expect GKP have to be careful how they treat them, but I would like to see capex throttled until KRG play ball. Slow walk things for a while.

@Codejunkie I agree with everything you have said in your 11:14 post. I too am here until take over or multi bag territory. It would be better if the SP didn't swing about so wildly of course, and that seems partly caused because of lack of news, then very good, then lack etc..
Also, it seems the nature of AIM, and the attraction of day traders to shares like AVCT.
As you say, we need patience, it always seems the big inflection points are 6 to 12 months away!

I keep one eye on this board, and am disappointed to see the SP slide. There is a lot of discussion about the lack of comms being a factor, of course it is, but is it Al's job to constantly reassure PIs?
When the SP is high, he is "Sir Al", when low, well gets called all sorts!
CodeJunkie put his or her finger on it, with a complaint as it happens,
"its crap, but they seem to be stuck in being scientists and not making the move to smooching investors."
I would prefer them to stick to the science TBH, that is where the money is, not smooching PIs with promises. Having said that, a RNS if DE5 has started would be expected, so I guess it hasn't. Micro reasons why, do not need to be comm'ed, let them get on with the day job.