Member Info for Wiscos

The main issue with houses (other than people aspire to own them) is that in times of high inflation and relatively low interest rates buying a property is much better and cheaper than renting and just gets better and better value over time.

Doubly true now! Glad to say I'd sold a big chunk of my Card (although only at about 63p) so bought some back today. Markets are all over the place! If the world's going to end I might as well be sitting on a book loss...

Not wretched Simes20 again. Thought he'd been hoovered up by the bot-hoover. Good to see price rising again since his ridiculous contribution.

Looks like some options have been exercised. About 33,000 shares at about 49p so hardly earth shattering. But suggests senior management want the shares at 49p so hardly bad news. Doesn't answer question about the 2.5m shares though...

Anyone know about this. Happened just after 10am. Looks like it was a sale judging by the price drop. I've bought a few back...

Yes, I'm trading between them a bit. Sold Card yesterday to buy Persimmon. Just sold Persimmon to buy Card. Made a couple of hundred quid. If I do that most days I can afford not to eat my food raw.

Before next Thursday of course, or they need to pay £1.10 on top. I'm in two minds. I've already had a great div a few months ago and another next week. Can afford to borrow money against this stock and make money until the sp climbs again as it surely will...

This is de-ramping stuff isn't it?

Rubbish. Sorry, but this is daft. House prices are already up over last 12 months, and values are linked to interest rates, rent levels, and (elastically) to inflation. House builder yields are 6-11% which is crazily high and shares are already well down. If you're right and yields go up to 15-20% I'll buy some more. Crazy stuff...

Hmm. Odd way of valuing a property developer paying divs of over £2 per share for many years. Yes, divs may drop bit the whole point of the land bank is they buy when times are good and prices low to lessen issues when things get tougher. And inflation is good for Housebuilders generally. After a 30-40% fell in prices and good yields it's hard to really make a bad case medium to long term... Or even short term!

Talked myself into selling some of my Card and buying Persimmon this morning. I have for too many shares in both Card and Persimmon so hoping to swap back again before next Thursday at a little cash profit...

And I'm quite happy to take the whopping dividend and just sell a bit on highs (ish) and buy a bit on lows (ish). Inflation will ultimately help this company as value of land bank increases and they can charge more for the homes built.

Today's a good day to buy some shares of you're short!

Housebuilders IMHO are a great buy. They tend to pay decent divs, have little debt, no real r&d or product development costs, all have good land banks already do can reduce spend here short-term to help profits, and are down 30-40% from peaks. Any recession is not going to mean much higher unemployment - in fact employment levels are likely to stay high. Rents are high and rising, government sees property ladder as a bung to gain votes (will benefit cheaper house builders), inflation reduces cost of mortgages, interest rates will rise bu not really very far...

Yes, that's a lot of new shares. Reduces value of existing shares by about 1.6%. Share price has already dropped so much I don't see this as a problem - we know how greedy the senior managers are and have been for many years. But it should still give a decent return.

I've been buying back some more Card on today's little drop. Rather like this gentle see-saw that allows me to pay for my gas bill each day (pending a major re-rating up or down!)...

Strange, this share should easily be trading at about £1 once a divi is announced, and that should be within about 2 years. I've sold a chunk to take a nice profit but definitely staying in as this one should have more upside potential than most IMHO.

The dividend uses up a lot (most of) the free cash generated. While I love the dividend and hope it continues or even increases, if profits are down due to reduced completions and higher costs, the dividend might need to be reduced. I reckon this and the reduced mortgage numbers from early in the week are the big factors for the very recent drop in sp. Hoping for a nice bounce on Monday if the global markets continue the rise since FTSE closed on Wednesday.

I'm buying in the dips and selling a bit on highs. Sitting on a 5% loss right now but that doesn't take into full account the last div (mostly reinvested). Don't m OK no sitting on this one for a couple of years with a yield of 11%. Price may drop further and dividend may drop but I do expect the share to rise over the medium tomatoes long term. Property companies like Persimmon have modest r&d, high margins, lots of land they can develop (they can afford to reduce land purchases for a while if things get tough or just buy bargains for the future). Happy days.

Card Factory is my 2nd biggest investment after Persimmon. But reduced CF a lot after recent rises. Probably a good one over the next 5 years (Putin notwithstanding!)...