Member Info for Sparks21

Jet2 stays on AIM because it gives them more flexibility and lighter regulation, letting management move quickly without Main Market bureaucracy. They also avoid the stricter governance and shareholder‑approval requirements that could slow down acquisitions and operational decisions. Also, there is no 0.5% stamp duty.

Just broke out of it's 52 week high. Finally!

Added a chunk at 23p. How can this not be at 30p next year. Move to the Ftse 250 looking good between now and 2030 too.

Great news to see this offer price recommended by Tate. It's a massive premium to where the sp has been. I've held my main position for 15 months and have decided to sell. They suggest this completing in the second half of 2027 and that would give me an annualised return of about 7.5 to 8% at a sp of 560.5 which was my sell price. That's not really enough for me to stick around given the small risk the deal collapses. Yes, another bidder may arrive but Tate seems to like this bidder. I suspect the Shorts are closing their positions now too and would not be surprised to see the sp settle lower in the coming weeks. Of course, it will drop once the divi is delivered too. Better opportunities await hopefully. Good luck to everyone who invested here and I wouldn't blame anyone who wants to see it through to the end.

Hats off to you Mr Cahuzac. Buying 9500 shares at share price of £4.23.

Happy to top up at this level personally. There is some panicking today but I feel this Hong Kong account‑opening story really isn’t a big deal for Prudential. The banks are tightening investment and wealth‑management account rules for mainland clients — that has almost nothing to do with how PRU sells insurance or savings products.

Prudential isn’t dependent on mainland money flowing through Hong Kong. Its growth comes from a wide spread of fast‑growing Asian markets like Indonesia, Malaysia, Singapore, Vietnam and India. China matters, but it’s not the whole business and definitely not the only engine.

This looks like a classic sentiment wobble where PRU gets dumped in the “Asia basket” even though the fundamentals haven’t changed. The long‑term story — rising incomes, low insurance penetration, huge protection gaps — is still intact. Short‑term noise doesn’t change that. GLA.

I believe 3i (and Action) have been priced like a US Tech company. Growth upon growth upon growth and the share price weakness there recently was the realisation that the growth is not guaranteed. B&M's success doesn't necessarily require huge growth, they just need to get the basics right. The growth story at B&M and also at Greggs has basically been played and the SP has reacted negatively in recent years but now the cycle for these companies is proving they can be relevant, take market share and be compounding cash machines.

I've bought way too many of these over the last few months. Took some profit at 195. What a juicy 14% rise this morning on what I read as an OK set of results. Clearly the market had written off the concept of a turnaround. GLA.

Hussain: Basically if the takeover goes through you gain 20% and if it doesn't you lose 20%. We sit here in the middle of that range twiddling our thumbs.

I agree, rather underwhelming. They have reduced debt a bit which I feel is important. Perhaps around 170m post tax profit giving them a PE ratio of 14x. Not excessive but also not cheap. They are planning on turning this around etc, and growing profit and revenue. I feel this result makes the offer more likely to stick. The offer price seems fair given the execution risk Tate & Lyle are facing.

Happy to top up at 263 earlier. We have a company here valued at 850m with 3000m net assets and making perhaps 180m after tax this year. Yes, the shorts are doing their thing here, pulling it lower but they won't stay here for ever. Maybe people are not considering the concept also that Andy Burnham could potentially plough money into the partnership house building model of which Vistry is a preferred partner. He may also make moves to break the link between Agricultural land value selling for it's "hope value" It’s the single mechanism that inflates land prices from £10–15k/acre to £300k–£1m+/acre, and it’s why councils can’t build cheaply even though, on paper, they could compulsory‑purchase farmland. This is more in line with how things are done in Europe. This would hurt wealthy farmers and landowners, the very people Labour are happy to hurt. This could actually bring about cheap social housing via the partnership model. Urmmm, sorry about the essay! Also now hopeful, once the shorts lose interest, of some chunky Director buys.

Topped up at 44.2p.

Feels like the drop is more macro noise than anything company‑specific — oil up, talk of more public spending, gilt yields twitching, etc. The usual “rates higher for longer” panic.

Worth remembering though: most of Marston’s debt is fixed or hedged, especially the long‑dated securitised chunk. Day‑to‑day rate moves don’t really change their actual interest bill. The only floating bits are the RCF and some small working‑capital lines.

So the share price reaction looks overdone to me. The real story is still:

H2 cash flow (historically strong)

World Cup trading

margin improvement

new-format pubs performing well

deleveraging

If the market wants to throw it down to 40p, I’d happily take another small slice. At that level you’re basically buying a business with a 128p NAV at a distressed multiple, just before its strongest trading period.

Not advice — just sharing the logic.

Nice one Pamela.

I sold a third of my position. Was a bit heavy here anyway after topping up on weakness in the Autumn. Happy to hold the rest for the ride. Amazed they kept such a lid on this, especially as it sounds like negotiations have been rumbling on for a while. What a sweet day for this share. :)

Yes Crossley. I agree. Obviously the new CEO needs to prove his metal. I see this closing up above 300 and a steady recovery over the next 6 months as the shorts make an orderly exit.

Carrington: Vistry expects adjusted pre-tax profit for 2026 in the middle of a GBP168 million to GBP283 million analyst forecast range. There is your estimation. Interesting how people sound so panicked about this, suggesting it's won't make any money. This is not Crest, not yet anyway. Simply looks like a panicked market with the housing sector flirting with the bottom of a cycle. Isn't this the kind of buying opportunity seasoned investors wait years or decades for? Usual caveats of course.

I've taken a position here today. I see H1 being poor: they want to get that out of the way. They see H2 as last year which sounds OK. Vistry is guiding to around £225m profit before tax for 2026, which puts the shares on roughly 5× earnings while also trading at only about one‑third of their £3.3bn asset base.

That combination — low P/E and huge asset backing — suggests the market is pricing in far more trouble than the company itself is signalling. This is priced for failure IMO, yet they are taking prudent steps to protect the balance sheet.

Why don't you two ladies share phone numbers so you can bicker and compare handbags in private? Was bad enough listening to you two on the Wood chat room. Get a grip guys. Move on.

Yes, it's on a good run. With the forward PE ratio looking like 19x I've sold most of my position here this week. I'd happily buy back around the 3300 to 3500 level but this is looking a little spicy. That said, this is right in the sweet spot for the AI boom in spending.

Topped up too this afternoon. I see the upcoming Trading Statement having the potential to look fairly OK compared to the wet Spring last year. We only need to do OK IMO. Lots of headwinds mean OK is just fine. The shorters are unwinding too, which could be the catalyst for a slow and steady move upwards over the next 18 months. GLA.