Member Info for sg0913

That should put a bit of pressure on those shorts who recently extended their positions.

Decent update tomorrow....Happy days 😊

Paddy, I would have totally the opposite view of Bellway to Strictly (different opinions are fine).

I've also got a long history with the company, currently have a six figure holding, and my wife also works there ; internally the mood is still bullish, albeit slightly tempered by the situation in the middle east.

My own opinion is that the current SP is extremely cheap, with prices at levels we rarely see with Bellway, I believe there is considerable upside here, ending hostilities in the middle east alone will comfortably add £2-£3 to the SP, then you have buybacks, an OK and rising dividend and the constant demand for housing....if the SP isn't around £24-£25 by year end I'd be very surprised. When housebuilding shares get momentum they tend to move very quickly.

Stick with it and I believe you'll be handsomely rewarded.

FYI, the interim divided is only around 1.2-1.3% which will probably be factored in to the SP, however with so much potential short term volatility it could just as easily rise by 5% on the day.

'This is a genuine buy below £3'

Absolutely, whatever my thoughts on the CEO and board, an SP of below £3 is absurd, in fact anything below £4 is ridiculous IMO

Added another £30k @ 2.90 as a value play

Always amazes me that anyone takes any notice of broker opinions....good or bad.

Most are utterly clueless, if I couldn't get far better returns over a year than these people, I would give up investing and stick it all in the bank.

£9 to £3.55 over AI concerns 😂 Where have they been for the past year?

They predicted Bitcoin to drop to $38k 3 months ago.....now around $80k. It was $65k when they made their forecast......morons!

Just more short manipulation TP.....basically because they can.

To all intents and purposes they own this share at the moment and will do until such time as FUTR can change market sentiment.

Their 10-12%, or whatever it is controls all the action for now and with so much uncertainty in the market in general everything is in their favour

Suspect this will recover to above £3 or higher today, giving them a nice little profit.....then rinse and repeat.

I'm not sure I share your optimism stevie.

The prospect of Mr tax, borrow and spend, Andy Burnham, replacing Starmer is frightening. A lurch to the left is the last thing we need right now.

We now have a Govt. that is more interested in their own jobs rather than running the country.....3 more years of this and we'll be truly f***ed.

Just when there was a tiny bit of optimism, along comes Mr tax, borrow and spend, Andy Burnham to bring things back to earth with bang.

Starmer is bad enough, leftie Burnham would be catastrophic....unless of course you're on benefits or an illegal immigrant.

At this point things look so bad I think I'd welcome Liz Truss back.....this Govt.is an utter sh*tshow.

Just when some of the headwinds appear to hopefully be diminishing (FCA & Middle east) up steps Mr tax, borrow and spend, Andy Burnham to put a dampener on things.

Speaks volumes of our inept Govt. when out of 403 Labour MP's not one of them is considered suitable/able to run the country....by their own party!! and we've potentially got 3 more years of these clowns

True JG, however much of that drop was orchestrated by shorts which was probably then exacerbated by nervous PI's selling out, concerned about the upcoming interims.

It could happen again at any time but in this instance I'll take the positives and hope that this could be the start of a turnaround in fortunes. I'm not expecting miracles but perception and momentum is a big thing. If we could see a short reduction next week, along with an improvement in the SP again then who knows, we may have turned that corner.....nothing is certain but I was fearing £2.50 today so I'll take £3.25.

The bottom line is and still remains, in spite of misgivings around the board and CEO, FUTR is, by any evaluation, ridiculously cheap.

My view is that if the current company valuation was £600m+ then the interim results would be slightly disappointing.

If you take them in context though and consider that the current valuation is still less than £300m, then I would say they are outstanding.

I bet most companies in this range would love to return profits of this order.....which only highlights how absurdly cheap FUTR still is.

'Admittedly neither CEO, or CFO should be on Saturday Night Live' 😂

That made me chuckle!

Agree that this is seriously undervalued TP (assuming another disaster isn't in the pipeline for tomorrow). I'd suggest a market value of £4.50-£5.00 to be closer to a fair valuation, even allowing for the current negative sentiment.

Would disagree on GoCompare though, I'd be amazed if they could realise more that £250-£300million if it were to be sold today.

Good Luck with the new purchase.

Excuse my ignorance, what does 'redeem subordinated notes' mean exactly and what, if any, are implications of this?

https://ca.investing.com/news/stock-market-news/close-brothers-to-redeem-remaining-subordinated-notes-due-2031-93CH-4634091

Jog on mate, you're boring.

Seems like you have such an unhealthy obsession with JG68 you follow him around like some sad stalker

Do it elsewhere and let others stick to what this board is for.....Share discussion for Future!

Absolutely JG, much of this fall can be attributed to weak management. Ying is like a cat in the headlights and nothing he says inspires any confidence.

It can be so frustrating that due to the nepotistic nature of big business in the UK CEO's are seldom held accountable.

I witnessed a similar situation with Burberry, where they eventually replaced a useless CEO and in a short space of time things improved considerably....this has to happen here for any meaningful turnaround to take place.

'But at 2.7x est 26 earnings it's being priced to fail'

This is the part I struggle with ByeHi.

The continued fall to these levels is more akin to a company in serious trouble rather than just being out of favour, yet, to date, we haven't really seen any evidence of this.

Perhaps lodan1, my own view that this is very much a co-ordinated short attack, timed to coincide with updates tomorrow.

I don't believe they have any inside info, rather they are relying on nervous investors jumping ship, which is clearly working.

MONY and RCH are doing OK, which they wouldn't be if this was an industry wide sell-off.

Two things are at play here IMO; a short sell off simply because they can, with FUTR being an easy target, and a CEO who is utterly clueless, exacerbating the situation, until he goes shorts will continue to play this stock like a fiddle.

*£20 Trillion not Billion 😊

' Wonder where we’ll be at in 2036'

The FCA will probably be pushing it's 12th revision of their address scheme, stating 'This is probably in the interests of all parties and ensures we can move forward with a fair and expedited conclusion'

Trump JR will be rejecting the latest peace proposal from Iran as they still argue over what is now known as the Khomeini Straits

Zelensky will be the Russian President after Ukraine defeats Russia as they finally ran out of troops.

Starmer is still barricading himself in number 10, even though Farage is on his second term as PM.

and.....Close Brothers is officially confirmed as the World's largest bank after a series of high profile takeovers and is neck and neck with Nvidia as to who is the most valuable company, with a market cap in excess of £20billion.

Think Viceroy are an irrelevance now, things have very much moved on.

They've done what they needed; wrote a BS report, shorted the shares, and if they were competent in their actions, would have bought back in at £3.30-£3.50 and moved on.

Think CBG are in a better position now than they have been in last 2-3 years, just unfortunate that we're all dealing with the impact of an utterly useless Govt. here and the ongoing debacle in the middle east.