Member Info for Trouts

RNWH subsidiary AmcoGiffen are will share in the £2bn programme of works in Wales and Western region over the next 8 years. AmcoGiffen has two contracts: Wales and western electrification and plant, and Wales and Borders structures. Another useful contract win.
https://www.theconstructionindex.co.uk/news/view/five-share-2bn-railways-framework

Maybe it was carlt that bought 'em!

Wow! Thanks for this comment... Not that I took it as investment advice of course, but it made me think about the recent run up and I agreed that it may have a got a bit frothy. I knew there was an update coming (although the date wasn't on their investor relations page) so I sold on Friday at a tad over 59p. I've never timed anything quite this well! I'm back in today at 48p as I still believe in the long term story here, but again... thank you for making me think!

If the management have a grip on things, they would have seen this coming. In which case, why waste all that money on share buybacks earlier? They should have waited until now to pick up the shares cheaply and support the price. More worryingly, what if they didn't see this coming? That either points to incompetence or a Putin-esque leadership to which none of the minions dare tell the truth. Either way, this is disturbing from the top management.

If you check previous RNS and the many posts below, the dividend cut is planned, expected and hopefully priced in. General consensus seems to be the divi will be halved, which makes sense. That still gives a chunky yield around 9% and will put the finances on a sound footing for the future. Some very good discussions on this board, we could of course all be wrong and the future is unknown, but I'd be surprised if this dropped to £10. Unless of course the entire market drops 25-30% in which case PSN would doubtless follow suit... If you don't like it at this price, I'd stay in cash.

Divi is paid from retained profits after tax, so no effect. If they reinvest any money back into the business, that may lead to higher profits (and tax) in the future, but I have no problem with that!

Indeed, the future looks bright for RNWH even if the rest of the UK economy looks a bit grim. Infrastructure spending tends to be treated differently to current account spending and is looked upon much more favourably by financial markets and lenders to UK plc. Indeed, if Truss/Kwarteng had announced they were spending the same amount but on infrastructure improvements rather then tax giveaways, they probably would have got away with it! RNWH are clearly in sectors where money will be spent even during recession, so should be far more resilient than many other stocks I hold.
GLA.

The markets tend to look a long way forward, so any coming recession should already be priced in and now we are looking for how the housing market will recover related to interest rate peak and duration. Unfortunately, it is looking like the UK will be worse affected than most, we appear to be not just the sick man of Europe, but most of the G20! As long as the housebuilders have prepared their balance sheets in advance, they should be able to wait this out and come back strongly, it just might not be quite as soon as people are hoping.

GLA and a Happy New Year.

0.50% is nailed on at the FED tomorrow. The question is not whether it could be 0.75%, but whether it could be just 0.25%? I'm still thinking 0.50%, but the conversation has pivoted, even if the FED haven't (yet).

Good CPI numbers in the US. Futures are flying!

The SP was at 206.8p when they put out their "avoid like the plague" commentary over the weekend, so currently a couple of pennies lower. The FTSE All Share has also slipped 1.2% in the same time, so pretty much in line. I suspect Motley Fool don't have as much influence as they might like to think!

I agree, excellent results! Interesting that they have speeded up processing of their Interim dividend - Ex div on the 15th Dec and paid on 31st Jan. This compares to Apr/May for the last couple of years.

I don't know of these analysts keep their information back from private investors, but they always seem to be behind the curve. If this is really what they think and when they think it, PIs definitely have an advantage over them!

It's a neck and neck sprint to the line. Capita down almost 5% today, so they look to be out... Forterra down a touch, Wincanton up a touch... it's close!

I maybe spoke too soon... another 3% like today and 888 may just cling on to a FTSE 250 spot!

Hard to believe that at a time of heightened global tensions, with defence budgets being increased around the world that the CHRT stock price is going backwards!

Full Year trading update due in January. No date fixed yet.

I think the official review date is 30th November, with changes taking effect from 19th December. But yes, barring a dramatic change in fortune, they will be dropping out of the FTSE 250.

I'm excited to see what they say on the 29th. Fingers crossed the numbers are as good as I expect them to be, in which case a re-rate is definitely due.

Lol, the EU are already looking at updating their insolvency rules for the same reasons. They'll probably get them changed before the UK does the way this administration is carrying on!