Osb Share Discussion Threads

[parob] 16/8/2023 15:33

Happy to add a few here at 374 hopefully before the next move up :)

[thebutler] 14/8/2023 12:49

A healthy pull back following the recent strong surge. Now looking good again for the next leg up.

[portermj] 12/8/2023 17:43

I also think if the ftse 250 had behaved it self we would be over 400

[portermj] 12/8/2023 12:17

Well I couldn’t understand the move after the figures to 368 but having had that the news since directors buying the dividend held and even raise , up grade by broker so all in all not a bad two days .

[thebutler] 12/8/2023 08:42

Nice to see a director buying lots of OSB shares:

"On 11 August 2023, the Company was notified that Andrew Golding (a PDMR) purchased 25,250 ordinary shares of £0.01 each of the Company."

[parob] 11/8/2023 10:46

You never know we might be going over 400p before the weekend. Again that would be super bullish, but if not today one day next week surely.

[parob] 11/8/2023 08:16

Won't be long until we get a close above 400 then it will be onwards to next target of 475.Love shares with great dividends that give you strong capital gains potential too. This fits the bill perfectly imo :)

[thebutler] 11/8/2023 08:12

Nice start. Looking very strong here.

[parob] 11/8/2023 07:41

should be underpinned by planned MREL issuance, which should free-up further CET1 capital.hTTps://twitter.com/baroninvestment/status/1689883185797005312?s=46&t=_ybVnpe01AP_F1Pw0JqKTg

[parob] 11/8/2023 07:37

Baron Investments tweets

#OSB one of strongest performers of late. Peel Hunt after results: the PE is <4x for 2024E and the yield is in double-digit terms excluding buybacks. Given the 14% CET1 target, the group retains the firepower to continue buybacks (and special dividends) in the future and this….

[rcturner2] 10/8/2023 17:03

The sellers and buyers data is not reliable, it really is mostly meaningless.

[welshbob48] 10/8/2023 16:16

OK ! I am a fool and someone will explain to me what I am missing in my thinking.
How can a share price behave this way. 85% sellers 15 % buyers and a V big increase in the share price
This is not uncommon with OSB and sometimes I have put down to the buy back but after many years of investing this is really odd.

[parob] 10/8/2023 14:02

Very nice move and I think much more to come in the near future as the market digests the interim results and realises the drop was overdone a month ago. Dividend investors jumping aboard.

[thebutler] 10/8/2023 13:38

US inflation for July just in, and the 3.2% is slightly better than the 3.3% forecast. Hopefully the UK will follow suit next Wednesday, giving a further boost for all.

[riverman77] 10/8/2023 12:47

The analyst call seemed to go fine. I suspect as anaylsts digest the results and realise the EIR issue a bit of a one-off and that underlying performance is all good, they will gradually recover towards 430p or so. Exceptionally cheap at these levels.

[parob] 10/8/2023 10:37

Yes would expect the recovery to speed up now there were no nasties in those results.

[thebutler] 10/8/2023 10:08

Ironically the big fall a few weeks back allowed OSB to buy back significantly more shares than anticipated which seems to have squeezed the free float quite a lot. Looking for a return to the 500p range in the next couple of months.

[parob] 10/8/2023 09:18

400 then close the gap around 475 over time. Anyone buying down here should be in for a great dividend yield in the future plus decent capital gains as the share price recovers imo.Must admit it was a relief to see the divi increase.

[lord gnome] 10/8/2023 09:13

Certainly blue now. The 20-30p dip I anticipated did not materialise. Back to 400 it is then.

[parob] 10/8/2023 08:53

Also there were no nasty surprises in those results. Be lovely if we could end the day blue. That would be bullish!

[parob] 10/8/2023 08:37

No big drop. Hopefully recovers quickly to 400p+ for starters. Great dividend yield.

[thebutler] 10/8/2023 08:17

Yes, the EIR adjustment has skewed the figures somewhat. Still a very healthy profitable company though, and with a NAV of just short of £2 billion, so with the market value being £1.5 billion it trades at a huge discount.

[riverman77] 10/8/2023 08:01

We already saw a sharp dip (30%} a few weeks ago when the EIR issue was announced. Should all be priced in but of course who knows with these markets. Remember the EIR adjustment is a one-off, non-cash charge, which I suspect is all driven by accounting rules.

[lord gnome] 10/8/2023 07:45

What a downbeat statement and presentation. If I didn't already own rather too many OSB shares, then this would put me off buying. Hopefully the Market will see through the gloom, but I wouldn't be at all surprised if we saw a sharp dip on opening. Pleased to see that the divi has been increased, though.

[parob] 10/8/2023 07:25

Not the best results, but as expected due to the EIR adjustment.Outlook looks good.Interim dividend has increased to 10.2p from 8.7p for H1.Worst behind it hopefully. What does everyone think?