Osb Share Discussion Threads

[fruitninja84] 13/12/2016 08:15

Excellent work Bamboo2 and thank you :)

[bamboo2] 12/12/2016 23:08

Chart shows price in a Rising Wedge, with consolidation zones. Where these zones form triangles or wedges, the apex can sometimes indicate a turn in the price. There are breakaway gaps which are currently acting as support. Price is above 200, 50 sma and lt trendline resistance. A small cup pattern with a tp of approx 370 is confirmed following an eod close above 347

[fruitninja84] 11/12/2016 17:40

Honestly i may very well be back in here soon. Just looking at that chart strongly suggests that when it clears the 350p it should in theory be non stop to £4. This 'pattern' i just noticed while going over trades i made last week today.

[portermj] 10/12/2016 13:04

Fairly large after hours negotiated trade 2 hmmmm

[che7win] 09/12/2016 18:48

Old Mutual adding

[che7win] 06/12/2016 22:58

All the best Fruit, Forward P/E below 8, think these should be at 400p right now, can't be more specific but any growth and 500-600p is fair target.

[fruitninja84] 06/12/2016 16:20

Well I took profit. Was a nice trade and I would be happy to hold further if 4 different directors had hold out a substantial amount in a short period of time. Better to be safe and all. gl holders may the rise here continue.

[che7win] 06/12/2016 14:11

Rbs upgrade

[che7win] 06/12/2016 10:30

and it's proven so, beautiful chart - rise this time to new highs?

[che7win] 01/12/2016 08:15

Perfect buy point here on the chart.

[fruitninja84] 30/11/2016 10:56

Not at all*

[fruitninja84] 30/11/2016 10:54

Classic buy in rumour sell on fact. Notice the breakout and rally leading up to the budget and the sell off after? Imo this is very cheap and possibly off today due to RBS stress test splash damage? Tbh I would bit at all be surprised to wake up one morning to a bid here.

[uhound] 23/11/2016 10:45

Conversely, any positive outcomes could see this fly!

[uhound] 23/11/2016 10:16

Any negative outcome for property landlords in the Autumn Statement and that could could be a negative here!

[che7win] 23/11/2016 09:49

Yeah, go for it OSB!

[che7win] 22/11/2016 14:51

The chart is strong, the fundamentals support it too.

I think we should push on to 400p

[fruitninja84] 22/11/2016 14:13

A key resistance area where supply has been greater then demand in the past. Can it push through this time?

[che7win] 10/11/2016 15:41

Break out, next stop 340p.

[che7win] 08/11/2016 16:04

Old Mutual adding.

[adamb1978] 05/11/2016 23:29

che7win

No, I dont think you're missing anything. OSB are being priced on the basis of some horrendous Brexit-related fall-out, however if that sort of Brexit scenario occurs which makes the 6.6x FY16 appropriate, then the whole stock-market will also tank so we'd all be better off in cash (though that cash would be reducing in value given the expected rise in inflation).

OSB is priced incorrectly

Adam

[che7win] 05/11/2016 19:08

Adam, Thanks for your post, I keep wondering if I'm missing something. The statement was excellent.The chart is trending up, so sitting on these should reward.

[adamb1978] 05/11/2016 15:10

Finally got around reading the trading statement and looking at my figures. Key point I think is that the market forecasts look like they're behind the game. OSB did 19.7p EPS in H1 and market forecasts are for 39.1p for the year - therefore implying a slightly weaker H2 than H1. However the trading statement said that H2 activity is significantly ahead of H1, NIM is in-line with their expectations and the pipeline is at record levels.

Therefore unless the cost base is out of control, its inconceiveable than H2 will be weaker than H1.

Taking their statement and extrapolating to the full year I have EPS of 43p so a FY16 PE of 6.6x and based on their dividend policy, yield will be approaching 4%.

In order to believe that this price is appropriate, you need to believe that 2017 and beyond is going to see a significant deterioration in business. Even then, a PE of say 10x would still factor in a meaningful decline and at 10x the share price on my figures is 433p. I'm long OSB already however this is way too cheap so will be adding more next week

[che7win] 03/11/2016 09:56

OneSavings Bank PLC using EPIC/TICKER code LON:OSB had its stock rating noted as 'Reiterates' with the recommendation being set at 'OVERWEIGHT' this morning by analysts at Barclays Capital. OneSavings Bank PLC are listed in the Financials sector within UK Main Market. Barclays Capital have set a target price of 340 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 16.6% from today's opening price of 291.7 GBX. Over the last 30 and 90 trading days the company share price has increased 7.9 points and increased 86.6 points respectively.

[che7win] 03/11/2016 09:47

Yep, we aren't even back to price we closes at Tuesday, now for a break of 300p.

[ayl30] 03/11/2016 09:01

Doubled up yesterday, weird price action