Does this mean that the student property sale has fallen through? I did notice at the end of last week that their website changed the 'Type' on the Our Properties page to include Education which hadn't been there previously. |
Previous TP was 105. They cited slower than expected disposals. |
In the pub we were trying to decide which were the least productive jobs. (Seeing as productivity is an issue in UK). Quangos and bodies such as Ofsted and Ofwat were very low, but brokers and analysts were at the bottom, slightly above claims company employees, although you could argue they belong in the different category of parasitic organisms. |
Most brokers seem to follow the share price and then change their target prices when they become really out of kilter with the live price. Don’t recall many brokers predicting the miserable valuation we have now.
What was the price they gave? |
Peel Hunt downgrade this morning, but target price well above current share price Moved from Add to Hold. Always find that odd! |
Agreed @riskvsreward, from being heavy buyers previously. The theory was that they wanted 6 months to elapse from the £1.25 purchases, to be able to offer much lower than that. Hasn't happened tho.
As well as the sector, wouldn't the debt concern you? Can walk away from SPVs, but it's never a good idea. |
Thanks Sleepy- but really pretty meaningless, as with most wholly owned subsidiary accounts. Note they were to Dec'23; so everything covered in the subsequent Group accounts. |
JPM mandating 5 days in the office for full time employees - work from home now appears to be a 'culture war' issue.
Regardless of investments, I strongly believe WFH is a net negative for wider society, particularly for younger workers. There are exceptions, as always |
2023 Accounts from a CLS subsidiary - |
The only thing that holds me back from averaging down at this price is the remarkable absence of any meaningful insider buy for a while, so it is not as good value as it seems. However, there must be a point where it will be a good investment for patient money. So keep watching. |
Like a stone. As with political discourse, so with share values, there seems to be an Overton Window by which the previously unthinkable become the new normal. How soon before 11%, 12%..? |
Well FWIW, I'm of the opinion that income is patient, whereas share price movements are not. The trick lies in knowing whether or to what extent that income is sustainable and an indicator of value. Ceteris paribus, a 10% income stream is not to be sniffed at, equating to a doubling of your money each 7.2 years. If this yield were unique in current market you might be sniffing a ponzi scheme; but it's not. Given that there many such examples, the reason is likely to be less company specific than economic and a function of investor sentiment. But that's my hunch, so obviously NAI. |
"The definition of a long-term trade is a short-term one gone wrong" probably fits my portfolio best :) |
Certainly beats a world class loser like me ;-) |
I'm an average loser does that count? |
It's always nice to find out you're not the only one averaging down on losers :-) Nice-but not as nice as when they eventually turn out to be winners :-/ Does that ever happen? |
I've been averaging losers today too. |
Topped up @76p |
Yes there was a time when extending a lease by 10 years at an above market rental rate would be good news. I guess the bond markets are dictating the share price movements presently. Just have to close my eyes and collect the dividends. |
Uk is not investable anymore |
Well that was well received |
12 year low is 77p. |
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