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Results will be in line with last statement with debt down and decent profit. Biggest positive will be if they can state when divs will return. Possibly by Spring 2024. Post being so expensive and a shambles is going to hit CF so they need to focus on all the hand delivered cards and little gifts. Hopefully the results will be enough to get back to £1 sp but I doubt will go much higher until a div of 3p or more is paid. Fundamentally this company seems sound and on a good trajectory, damaged by the shambles that is the UK but I am certainly holding.
Encouraging woffle from Moonpiggy and a nice little sp rise. My simple logic concludes Card will also have had a decent few months so expecting the end of year to be encouraging. Surely this share is well undervalued currently. Just bought another little slug.
Well, someone knows something not so great about this company... Having done a bit more research it does appear the BoD run it for their own benefit and not for the shareholders. Hope I'm wrong as currently sitting on a 20% loss.
Luckily I sold out at between 99p and 102p so buying back in now. Obviously the market has dropped about 10% for many shares in the past few weeks but I think this is very oversold and hoping it approaches £1 again soon. Economy very dodgy - as is the world - but we already pretty much know the results to 31st Jan and dividends should return before much longer despite corp tax rises. Good luck!
The biggest plus to me is the banking panic in USA (and here a bit). Suggests that the stupid FED and BoE can't whack up interest rates without killing the economy. They were waiting for unemployment to signal the limit but this is just as effective! Fingers crossed rates have pretty much peaked for now.
Love your optimism. Div yield simply too low compared with other builders. Board made a mistake - probably no purpose to line their own greedy pockets with cheap shares. This is a hold for me now - probably long term.
I've bought more today for long term returns. But think the 60p is a bit silly given a good FY22. Perhaps the directors want to get some more shares on the cheap. Their bonuses will be safe! I go expect they will deliver more than 9000 homes this year and second half of 2023 will be better than first. Hoping also for some Government scheme to promote home buying in the budget. It's a good vote buyer.
Yes, an interim for FY23 will be paid late 2023. However the report states the total dividend for FY23 will be expected to stay about the same so 60p for the year. I'd expect the interim to be 20p with final paid May 2024 of 40p and then increasing interim late 2024. But the total dividend is now reset at 60p for the year. I was expecting 80-90p for FY22 so I expect the sp to tumble this morning but end up about £1 down a share once everything settles. So, about £13.50. All imho of course. Anyone who says div is 170p or over £1 is nuts.