Osb Share Discussion Threads

[che7win] 21/11/2017 15:35

PAG bouncing hard today.

[che7win] 20/11/2017 11:17

Peel Hunt reiterates its Add rating and 445p price target - raised from 435p after the trading update this month.

[che7win] 18/11/2017 17:31

Interesting article, think our days are numbered:



I like the last paragraph:
OneSavings also managed to avoid accidents. Shares in Shawbrook, for instance, tumbled last summer when the company disclosed a breach of lending guidelines in its asset-finance division.

JC Flowers could soon be the last buyout firm still sitting on an investment in one of that crop of challenger banks.

WL Ross sold the last of its shares in Virgin Money last year after selling shares at a premium to the IPO price in three sales in 2015 and 2016. The sales returned £550 million to WL Ross after the firm invested £360 million in 2010 and 2011.

Shawbrook, meanwhile, has already departed the scene. It was taken private this year by BC Partners and longstanding backers Pollen Street, which reinvested through a new fund. The firms’ £850 million offer won shareholders’ support against the wishes of the company’s management, who thought the price was too cheap.

Shawbrook’s share-price never took off: the 340 pence-per-share BC and Pollen paid to de-list the company was just 13% higher than its 300 pence IPO price. In the meantime, Pollen Street managed to sell a 5.5% stake for about £40 million in May 2016, with the shares close to the listing price.

Aldermore may be next to end its spell on the stock market. This month it revealed it was in talks about a £1 billion takeover by South African lender FirstRand Ltd. Aldermore’s share-price fared better than Shawbrook’s, and AnaCap was able to make £113.7 million by selling 15% of the company at a 15% premium to the IPO price in March this year. The offer from FirstRand, which values the company at a hefty 63% premium to the IPO price, offers AnaCap a happy ending. The offer values the quarter of Aldermore AnaCap still owns at around £270 million.

Shares in OneSavings, however, have largely kept on an upward track since the IPO. They are trading at around £4.10 apiece, up from an IPO price of 170 pence.

JC Flowers has taken full opportunity to cash out. It sold 15.7 million shares in May 2015. The price wasn’t disclosed, but based on where the stock was trading that sale likely returned above £45 million. This year JC Flowers has made £281 million from three sizeable share sales.

JC Flowers invested £108 million in OneSavings before its initial public offering, according to a person with knowledge of the investment. Including the £113 million of shares it sold in the IPO and the money it received in dividends, the firm has already more than quadrupled its money, according to PEN’s calculations.

It still owns just over a fifth of OneSavings, a stake worth north of £200 million at the current market price.

Ms. Patel at Liberum, who “always expected M&A in this space”, said a takeover bid for OneSavings would be no surprise. Key to Aldermore’s appeal for FirstRand, she said, were its customer deposits, which promise to let the South African lender scale up its own U.K. business faster. OneSavings offers the same advantage, plus the potential to grow in the specialist buy-to-let mortgage market.

[che7win] 16/11/2017 10:16

Looks ready to reverse here imho, reverse head and shoulders pattern today.

Once that overhang is gone.

[che7win] 16/11/2017 09:17

CC,
best comparison for OSB is PAG, the others are diversified, even PAG is diversifying now though.

[che7win] 16/11/2017 09:15

Yeah,
a 50p fall nearly from the peak, a bit oversold imho.

The company is trading well, so it's sentiment.

[cc2014] 16/11/2017 09:13

MTRO getting kicked as well today.

I have to say I really don't know what to do. I'm currently flat on this whole sector apart from my holding on ALD which I'm keeping.

I percieve VM.,OSB to both be good entry points but my mindset has moved to the point of maybe they will go lower yet. Market appears very jittery at the moment and if I ignore my short term trading pot I'm already 98% invested. 10% of my pot is on ALD though so I could quickly sell that if crazy low prices came along.

[mazarin] 16/11/2017 08:51

What a difference a week makes......!

[che7win] 16/11/2017 08:32

CC,
looks like it, what a contrast between OSB and VM.

OSB upgraded its outlook, VM. downgrade today, maybe a few switchers will move over here.

There is no comparison between the two companies, I don't like VM's credit card business.

[cc2014] 16/11/2017 08:16

Assume VM. update was leaked to account for recent falls?

[che7win] 16/11/2017 08:05

I wasn't going to reply, but my question was actually over the 200k sell at the time.You seem to always jump to conclusions and put words into people's mouths.

[uhound] 16/11/2017 07:30

So naive - They would not be allowed to tell you anything.

Like if business was declining they would say or if anything negative was on the cards etc.

The housing market particularly in the south east, is struggling - all property related stocks are taking a hit at present. OSB have a large stake in BTL (property related).

Sentiment remember.

Maybe next week's budget may help the sector?

[roundup] 15/11/2017 17:16

Uhound!! That is a stupid remark. I commend che7.

[che7win] 15/11/2017 16:24

They said business is booming.

[uhound] 15/11/2017 16:12

Really - you phoned the company because the share price went down!

And then they said they were baffled about it! lol

[che7win] 15/11/2017 15:02

I phoned the company earlier by the way, they are baffled about it, brokers are all very upbeat.

[che7win] 15/11/2017 15:00

Just bought more

[cc2014] 15/11/2017 15:00

ok - I'm out for 3 pts. Regret closing already as it looks like sector has turned up. I appear to have no bottle at all at the moment.

GLA.

[future financier] 15/11/2017 14:44

Might well end up having to sit on these until mid March when they will publish some truly stonking results.

[cc2014] 15/11/2017 14:32

Crazy. Back in hoping to steal a few points or maybe more.

Someone out there doesn't care about the price - they just want to shift stock.

[che7win] 15/11/2017 14:27

Just when you think it can't go down any further, 200,000k sell goes through.Hopefully that's the bottom in.

[che7win] 15/11/2017 12:01

CC, The US market is nervous, I think there is the tax reform vote on Thursday that the market might be waiting on.I would understand if OSB was on a high valuation compared to its growth and profits, but as you say, the market is being irrational.