Fletcher King Share Discussion Threads

[deadly] 22/12/2014 14:08

Looks like a Santa rally is going on - nice Christmas present.

[norbert colon] 16/12/2014 14:38

Agreed - I would have bought more than the few I got during Oct but cash constrained at the time which was frustrating. That dip to 40p was a no-brainer really and whilst a cheaper price still would have made it even more attractive sometimes (in my opinion) it is not worth holding out for a few pence as that entry point may never materialise. Mr Buffett himself has commented on this many times - pay up for a good business. Certainly the results today are excellent and the FY will be interesting.

[horndean eagle] 16/12/2014 12:15

Shame I couldn't pick up more than the 50k I did sub 40p.

[deadly] 16/12/2014 10:29

Yes excellent results and looks like the bargain buy was 2 months ago.

[melody9999] 16/12/2014 07:45

great results and nice divi increase

[profdoc] 15/12/2014 12:40

I've been asking myself the question whether now that FK no longer qualifies as a Net Current Asset Value share because its NCAV is below its MCap, it now qualifies as a Warren Buffett type strong economic franchise company. I set down my thoughts on paper and in a series of Newsletters (ADVFN will not allow me to post them here). Do you agree with me that the company does not quite make the grade to be a strong franchise? It remains a cyclical play, with, it has to be acknowledged, sound and experienced managers, and a very strong balance sheet. It lacks sufficient customer captivity or a strong enough extraordinary resource to qualify as a Buffett and Munger share. I have put into my watch list to buy if the share price falls to a threshold level set at NCAV. Do you agree?

[deadly] 29/10/2014 16:34

Tried to buy more recently but brokers have not even 2k to sell it seems.

[hastings] 28/10/2014 09:17

A few thoughts that may be of interest to others taking a look

[norbert colon] 21/10/2014 13:20

Managed to add a few over last couple of days. Really not sure why the valuation has moved over the recent week or so but happy to take advantage. Yield 7% and PE 7 so this is John Lee territory....good luck to all.

[markgahagan] 20/10/2014 20:53

Horndean Eagle- Ah that explains a lot. Those are showing as sells on my data service. Not surprising as that is an excellent buy price given the bid/offer today. Nice buy.

[horndean eagle] 20/10/2014 18:11

picked up 50k today at 38.5. was looking for more but not really much more about. reasonable timing given other buyers turned up afterwards. happy holder. property market is in pretty good spirits and will take a lot for that to change.

[markgahagan] 20/10/2014 16:45

In fact, on a quick reckoning, close to 200,00 shares been sold in last two trading days. Thats about 2% of shares in existence.

[markgahagan] 20/10/2014 16:38

10 x normal daily volume today. mainly selling. A reasonably large holding appears to be being shifted.

[longinthetooth] 20/10/2014 13:41

For what its worth and for the benefit of anyone logged in to these postings I believe there is some evidence of buying but as yet this has not been marked!!Anyone able to buy at 40/41p ought to be rewarded.

[longinthetooth] 20/10/2014 11:50

At this level(41p)both value and income seekers will surely start to nibble away soon.It just needs someone to reverse the recent trend!!

[red army] 20/10/2014 10:57

I agree at this level the dividend is extremely attractive.

[markgahagan] 17/10/2014 13:21

Bought some more today. Looks like real value but I could be wrong.

[longinthetooth] 17/10/2014 12:21

A few sellers and a complete lack of buyers has brought about a prospective yield close to 7.2% at 43p.A market capitalisation of less than £3.9 million is surely too cheap or am I missing something?

[markgahagan] 13/10/2014 13:05

I bought in last week. Excellent value.

[red army] 13/10/2014 12:52

Will top up again at this level.

[longinthetooth] 13/10/2014 12:22

Is the current weakness down to market sentiment generally or simply the case of more sellers than buyers?On a prospective yield close to 7% and with net assets(mainly cash and property) only a little below the current share price it is surely a strong buy.

[markgahagan] 10/10/2014 21:39

In today. Too cheap imho

[red army] 09/10/2014 16:15

Topped up - too good to miss at these prices.

[longinthetooth] 09/10/2014 15:48

Looks like someone agrees with you as 10,000 bought at 47p.Nevertheless caution is advised especially so close to the half way stage when a trading update may be given.It is certainly amazing how perceptive some (informed) investors are!!