Osb Share Discussion Threads

[jonnybig] 26/4/2024 08:12

Approx 3.5 million shares bought back so far, costing less than £14 million so should be about £36 million of the buyback still left

spud

[apple53] 25/4/2024 09:30

Thanks PJ.

Anyone have a sense of how much share buyback potential remains in this programme?

[pj84] 24/4/2024 20:58

Columbia’s Cane backs OSB after profit warning

A profit warning from buy-to-let lender OSB Group (OSB) has impacted the shares but Columbia Threadneedle’s Julian Cane says the valuation is ‘extraordinarily low’.

Cane holds the Citywire Elite Companies plus-rated bank in his CT UK Capital & Income (CTUK) investment trust, where it makes up 4.7% of the £366m portfolio.

OSB reported results for 2023 that were a ‘little ahead of most forecasts’ but it also issued a profit warning as ‘current trading margins’ are lower than expected. This caused a sharp fall in the share price.

‘For March as a whole, OSB’s share price fell more than 9%.,’ said Cane. ‘While very disappointing, it is worth highlighting that even on these lower estimates, OSB is still expected to generate an attractive return on equity and its valuation appears extraordinarily low.’

The shares rose 1.9% to 393p on Tuesday, but are down 21% over the last 12 months.

[davius] 10/4/2024 17:48

6th highest riser in the FTSE All-Share index today.

[its the oxman] 10/4/2024 15:21

Looks set to pop above 400p again. And still very cheap and a possible bid target.

[davius] 10/4/2024 14:39

One of only three in my portfolio that didn't take a caning when the US inflation figure missed the expected number by a staggering 0.1%.

OSB and CBG are my standout performers today.

[orchestralis] 10/4/2024 12:28

Looking stronger

[jonnybig] 10/4/2024 07:22

Strange. The entire share buyback yesterday was carried out in the last 10 minutes, obviously explaining the jump. Haven't seen that before.

spud

[jonnybig] 04/4/2024 08:41

Great thing about buybacks is that all those very cheap exdiv trading shares can be hoovered up lovely jubbly

spud

[jonnybig] 03/4/2024 15:18

Welcome rise seeing it's gonna get slammed by 20p tomoz

spud

[clive7878] 02/4/2024 16:29

Ex-divi - 4th April

[william127] 30/3/2024 06:34

Last mention IC was Hold same as the last time for what that is worth.

[clive7878] 29/3/2024 21:27

Mentioned in I.C. as a buy.

[drradcliffe] 19/3/2024 14:18

4th April 24

21.8p divi payment on 14th May

[roll over] 19/3/2024 14:15

Hi All, picked up some of these at 356, could any one tell me when the ex dividend
day is please.

[popit] 15/3/2024 10:13

It would not be very surprising to see OSB get taken over by one of the big UK or foreign banks

A decent premium would obviously be needed so the price would probably have to be over £6

[jonnybig] 15/3/2024 09:40

No stopping this now. Buyback has started with an already tightly squeezed free float. Plus it was in an uptrend before yesterday's weird crash

Well done all those who swam against the tide and bought in the low 300s

spud

[longwell] 15/3/2024 08:43

Share buy backs and dividend will cause gradual rise until ex dividend date.After that it becomes more speculative.

[tsmith2] 15/3/2024 07:59

any broker notes?

[cupra kid] 14/3/2024 12:46

Jens Bech selling at over 500p seemed to be good timing then. Obviously had a good insight of what the next 12-24 months would look like.

[riverman77] 14/3/2024 09:35

In a sense this is a play on interest rates falling back and a recovery in the housing market. The big expected drop in NIM announced today is largely due to higher funding costs (as a result of higher rates) and subdued mortgage market (again driven by higher rates). Could see a strong recovery if rates do come down this year.