Osb Share Discussion Threads

[drradcliffe] 19/3/2024 14:18

4th April 24

21.8p divi payment on 14th May

[roll over] 19/3/2024 14:15

Hi All, picked up some of these at 356, could any one tell me when the ex dividend
day is please.

[popit] 15/3/2024 10:13

It would not be very surprising to see OSB get taken over by one of the big UK or foreign banks

A decent premium would obviously be needed so the price would probably have to be over £6

[jonnybig] 15/3/2024 09:40

No stopping this now. Buyback has started with an already tightly squeezed free float. Plus it was in an uptrend before yesterday's weird crash

Well done all those who swam against the tide and bought in the low 300s

spud

[longwell] 15/3/2024 08:43

Share buy backs and dividend will cause gradual rise until ex dividend date.After that it becomes more speculative.

[tsmith2] 15/3/2024 07:59

any broker notes?

[cupra kid] 14/3/2024 12:46

Jens Bech selling at over 500p seemed to be good timing then. Obviously had a good insight of what the next 12-24 months would look like.

[riverman77] 14/3/2024 09:35

In a sense this is a play on interest rates falling back and a recovery in the housing market. The big expected drop in NIM announced today is largely due to higher funding costs (as a result of higher rates) and subdued mortgage market (again driven by higher rates). Could see a strong recovery if rates do come down this year.

[popit] 14/3/2024 09:23

Bought earlier at £3.32

Very undervalued

[riverman77] 14/3/2024 09:23

Was hoping to grab a few more but recovered more quickly than I expected. Will probably just hold tight for now and see what happens.

[thebutler] 14/3/2024 09:19

Didn't quite buy at the bottom but grabbed some at 340p. A few stop lossed out, I bet they're as sick as dogs, but a prime example why not to stop loss.

Wouldn't surprise me if this finished back over 400p, even close to breakeven!

[apple53] 14/3/2024 09:19

flyfisher's point about mrel issuance etc may be relevant here to funding costs and NIM.

[its the oxman] 14/3/2024 09:18

Will be back over 400p soon enough

[apple53] 14/3/2024 09:15

Analysts use cost income ratio guidance (as well as NIM guidance) to estimate downgrades to 24 forecasts. I forgot about results and checked price at 0802 but trading opened late and I only realised agter 0830. I would have filled boots at 340, but was 368 when I saw and I am a terrible trader, so even though I should have bought at 368, I was put off by the 10% recovery. Now I hope for a small pullback. I think analysts call is 15 mins away.

[74tom] 14/3/2024 09:11

All this evidences is how thin UK markets are these days, how on earth can a £1.6b market cap open down 25% on a 43k uncrossing trade? Absolutely bizarre.

[popit] 14/3/2024 09:02

So basic eps of 106p excluding the interest rate adjustment gives a PE of 3.5

Dividend of 32p gives a yield near 9%

This will probably get taken over soon by Nationwide or one of the big banks at somewhere over £6

[jonnybig] 14/3/2024 08:47

Buyback starts tomorrow. Stock is tight as it is with osb and it's tended to fly all over the place. So a further tightening could see this recover fairly quickly.

[lord gnome] 14/3/2024 08:43

I hope the buyback has started already. At these prices, fill your boots, lads.

[jonnybig] 14/3/2024 08:39

I must have misunderstood the eir, as in the table excluding the eir is appears to be over 200 million.

Nevertheless, imo this has been over slammed as the results are OK even after the eir and with the impending buyback I've bought a few grand

[riverman77] 14/3/2024 08:34

The drop is not due to the previously announced adjustments, it is because of the guidance for lower margins this year (mainly due to higher funding costs).

[pugugly] 14/3/2024 08:33

LG. Market seems to be agreeing with you and starting to bounce back - Decisions Decisions. Bottom fish or avoid??

[lord gnome] 14/3/2024 08:28

So it appears to me that OSB is being hit again for the adjustments revealed at the half year stage. We now have what appears (on the surface) to be a healthy and growing business trading on a historic pe of 4.5 and paying a dividend of just under 10%.