Member Info for Wiscos

You wouldn't defer completion - that would be stupid...

Really? I think it is exactly paying the mortgage for 10 months - effectively discounting the price without actually discounting the headline price. Clever.

Bought a slug more (having sold a few yesterday as a hedge after Barratt update). Got in early at £13. Should move gradually up from here towards dividend.

Yes, a price roughly 1/10th of what it was at the recent time of a possible takeover despite reasonable results in obviously a tremendously accurate assessment. Why not 5p or .5p a share?

Well, you were right on that one. Must be very disappointed with the presentation and the market response.

I think our disappointment in the presentation and market response is pretty universal (assuming you're not a shorter). Some reason to think bigger problems may exist than just macro headwinds.

Price will jump once Card gets into FTSE 350 and upwards as passive funds have to buy. I did work it out a couple of years back. Think it was an sp of about £1.30.

Happy Days...

I had no trouble buying and selling today. Price went up, then down, then back up about half way. Nothing odd...

In the financial calendar - it states 3rd Jan to mid Jan is a closed period ahead of the 2nd quarter update. So the update could be any time up to mid Jan! Closed period is just when trading by people in the company is restricted because of insider info. However, the share price jumped a bit just at the start of the closed period...

Depends on the 'exponent'. Suggest this one is parked...

There's a good reason FTSE tends to go up when pound weakens against dollar and down when pound strengthens. Methinks a certain honorable person needs to work out a few examples!

Stronger pound hardly benefits takeover value. But pound in still pretty weak. 2 dollars to pound not that long ago!

Err. Are you an idiot?

Unfortunately analysts are mostly idiots!

Some very uninformed stuff in this thread. The company has already announced big changes to dividend payments. Share price has already dropped so take account of this. There will only be one payment for FY just ended. Likely to be between £1 and £1.45 pee share - probably lower end. Company is retaining more cash, and profits will be down. Plus more cash has been set aside for cladding and similar. Then an interim div for the calendar year 2023 will be paid in second half of 2023. Given current conditions I expect this to be no more than 40p per share. My best guess right now is total div payment of £1.45 per share during this calendar year made up of £1.05 final div for 2022 and 40p interim div for 2023. Then perhaps 80p final div payable in 2024 plus 60p interim div payable late 2024. Then hopefully gradual improvements. But goodness knows!

Looking good!

I'd expect a further distribution arrangement before too long as well. Fingers crossed - update only a week away now...

With inflation, salaries are going up. Not enough for general inflation, but enough to pay a slightly higher mortgage. As rents go up too, and interest rates peak and then start to fall, I don't believe house prices will drop much. Especially for Persimmon. They are offering all sorts of incentives which makes buying more attractive and the houses appear almost good value in many locations.

My New Year's Resolution is to ignore ridiculous posts.