Osb Share Discussion Threads

[uhound] 18/1/2017 14:37

Been thinking about buying CAKE myself - was waiting for the turn in price, but I was to slow when it happened. Missed the low at the start of December and it's really moved up since then.

Still on watch list.

[che7win] 18/1/2017 14:26

Uhound, certainly! Bought GMS back today, topped up on CAKE and BVIC yesterday. Maybe I'll put in some IDP profits here, decisions, decisions. Market is nervous right now, missed WAND and PRSM earlier but they aren't really my cup of tea.

[uhound] 18/1/2017 12:18

Che7win, looks like you have another opportunity here?

[che7win] 17/1/2017 22:49

Sterling? Banks fell yesterday, usually do when May opens her mouth!

[mazarin] 17/1/2017 17:08

Any idea as what to causes OSB to be so volatile? Hindsight is a wonderful thing.

[che7win] 17/1/2017 13:37

Inflation letting rip, pound up!

Kicking myself I didn't buy more this week here, I was hovering over the buy button.

[che7win] 10/1/2017 21:44

Maz, I was wondering similar, OSB trailing ALD and SHAW for the past month, then today ALD falls hard and OSB recovers.

[mazarin] 10/1/2017 17:59

I see Virgin (VM)and Paragon (PAG) today made good gains almost inversely proportional to Aldermore drop. It's as though buyers drop one to move into the other within the same sector which I find strange. Incidentally, had I bought VM instead of OSB, I'd have seen better profits today, but that's the way it goes, it could have gone the other way.

[che7win] 10/1/2017 17:09

yes, I bought a few in ALD earlier.

[uhound] 10/1/2017 16:28

Che7win, As you say there is a lot of volatility with some of these challenger banks share prices.

Good volume in ALD shares too from what I can see which is not a good sign.

Probably bounce back up again tomorrow!

[che7win] 10/1/2017 09:56

uhound,
it takes guts to go against the market, your contrarian view I don't dismiss, but that's what you're doing here.

I have done that at the bottom of charts when there has been some consolidation. I did that with GMS with (premature) purchases at 50p and then 40p. It takes a lot of mental energy. So I do it on the long side.

You are calling a top here clearly against the tide, that's not to say your view is not correct, it may be but the market doesn't see it that way right now..

I would be more comfortable in your position if I were to place a position with the chart turning, brokers are still upgrading here (not that they are any more accurate than anyone else).

So I like to follow a trend, we'll see if this trend continues. I do like to hear the contrarian viewpoint.

PS: Aldermore down today, wonder why?

[mazarin] 09/1/2017 17:56

As you ask, I generally think it's always good to 'bank a profit', provided the margins justify it. We all have our own reasons to sell that may vary widely over time. I also think its good that che7win is willing to share his 'rationale' and I have no reason to doubt his motives.

Incidentally today's shift was similar to some volatile movement last week that today saw the share price drop 10+ points only close back up to end near flat on the day. It all seems very strange to me as a newcomer to OSB and it'll be Interesting to see how it fairs tomorrow.

[che7win] 09/1/2017 17:02

No, that's not it. OSB is a great place to park capital, but also very volatile, I trade it when I see opportunity, the graph has made it easy.I have other stocks I want more exposure to, so it's a juggling act. GMS is one of those.The shares I trade I move my stops up when in profit, I don't fight the market these days. Pity sometimes, I lost out on G4M because of triggered stops, but overall it works for me.

[mazarin] 09/1/2017 17:00

There have been many times that I could have sold at higher price, but only ever really been sure I should have done so, 'after the event'. Equally there have been many times I've sold only to see it rise. I call it 'seller's remorse'.

[uhound] 09/1/2017 16:49

Sounds like you panicked to me!

[che7win] 09/1/2017 16:28

I like to trade around the edges Uhound, hope you're banked your profit.

[uhound] 09/1/2017 16:15

Che7win, why you now selling? Based on your recent posts I thought you'd be adding!

[che7win] 09/1/2017 15:42

Maz, I sold 6000 shares earlier on, bought 1573 back, it's volatile.

[mazarin] 09/1/2017 14:10

Who needs an in-house Analyst when we've got chew7win to do the leg work..? Well done, keep'em coming.

Edit: Within minutes of making this comment there's more 'shenanigans' going on again with the s.p

[che7win] 09/1/2017 13:43

IN THE KNOW: OneSavings Can Boost Dividend Rate In 2017 - InvestecSource: Alliance NewsOneSavings Bank's share price is at an attractive entry point following a dip in the past month while its peers rallied, said Investec...

[che7win] 07/1/2017 10:16

Liberum have a 395p target:Date Stock Person Rating Target Market13/12/2016 OneSavings Portia Patel Buy 395p 0p ? 1OneSavings Bank was also on the front foot as Liberum initiated coverage of a number of challenger banks, highlighting its preference for OSB, which it started at 'buy'.It said OneSavings is making regulatory change in the buy-to-let market work in its favour."Our buy-to-let matrix shows that it is the most positively geared to the fastest growing segments, namely corporate and multi-property landlords, of its peers. Advantageous market positioning, a risk management track record as strong as its peers and a rising CET1 capital ratio make OSB's 10% valuation discount to the peer group average."

[uhound] 05/1/2017 12:56

Future Financier,

All looks to be an interesting time ahead whichever way we think the market is heading.

Thanks for the prelim date.

[che7win] 05/1/2017 12:31

It's just not as simple as the housing market or btl slowing down or legislation changes from what I hear OSB is leveraging their offerings off that. OSB is a relatively small and nimble bank and can grow its market share.

That's what the challenger banks are doing, look at the margins, when they are borrowing money from the tax payer at 0.25% to lend elsewhere, that is a massive margin to make money off:

"Overall the bank is forecasting growth of 10pc in the buy-to-let market in 2017, down from earlier predictions of 12pc growth.

“It is a function of housing demand versus a lack of housing, and therefore the private rental sector has to continue to play its part,” said Mr Golding.

“People are worried about house prices, but if prices come off a little bit in some of the more expensive areas, we don’t think that is a bad thing anyway. And if the new purchase market, the first-time buyer and home-mover market, slows a little bit, the private rental market will do well out of that because more people will rent for a bit while they wait to see what happens.”

Profits totalled £100m in the first half of the year, more than double the £46.6m in the same period of 2015.

The bank’s loan book grew by 17.4pc to £5.4bn while earnings per share doubled to 30.2p, enabling it to increase the dividend by 45pc to 2.9p.

Mr Golding also plans to take full advantage of the new Term Funding Scheme from the Bank of England, under which banks can borrow at just 0.25pc. That will slash its funding costs and lower interest rates on loans."