Member Info for Wiscos

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.

Moving up nicely...

Me too!

Aldi etc raising wages may contribute, but doesn't seem proportionate. Anyway, must stop buying!

Dropping sp this much is odd. Can't see any obvious reason... Bought even more - at 17% less than I sold at a few weeks ago it's easy to justify in my warped mind!

Agreed. Just bought some more.

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.

Ignorance is bliss...

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.

Velladean, apology accepted. I still think a good longer term buy at 13.50.

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.

Sorry you're talking rubbish. The dividend for FY 22 is 60p. Read the bloody report!

Yes you can! It is the one and only div for FY 2022! And what the board is saying they will expect to maintain for FY23.

Just over 4% did yield based on closing sp yesterday. I'm sure the yield will be higher by this afternoon...

60p per share is a lot less than most expected, although an interim of about 20p can be expected to be paid in November. Pretty dire div and I'm guessing the sp will be hit a good deal despite decent results otherwise. The Government forcing another £275m to be written off for buildings repairs is doing no favours but was predictable. Ouch.

Velladean I don't think you've read quite right. There's only one div for FY 2022 - announced tomorrow. An interim for FY 2023 paid Autumn 2023 is expected to be announced with a final div for FY 2023 announced in 1 year. Interim div for 2023 will likely be modest given current trading but hopefully things pick up before the Autumn. We'll see!

With stamp duty and other costs of buying as they are and overall inflation property is still as always worth hanging onto. Increasing income over time almost guaranteed and increasing asset prices! Why would they sell? Cash interest rates not likely to remain high for long...

Why do you think xd date mid June? The div will be for calendar year 2022 and an interim div is mooted for late 2023 for the current calendar year. Without further indications I'd expect xd mid to late March and mid to late Sept with payment about a month later. Anyway, that's what I'm hoping. Currently guessing 80-90p and 30p for the 2 divs this calendar year.