OK, thanks. Being a newbie, despite reading the reports, I can't say I know what to predict, but I imagine the S/P will drop more than the div on the ex div date, and maybe stay down....
Net Profit 124.80, 120.00. 94.00, 74.00, 40.70
The Group’s mortgage book is closed and in run-off. The Group will continue to manage and service its mortgage book. It is important to note that the revenue of the business will reduce over time in line with the rundown of the Group’s mortgage book.The directors expect the profit for future years to be materially lower.
Sure, I get that it is not a wise long term buy, but was mainly interested in the short term, say 45 days from just prior to going ex div. Barchart.com have all 13 analytics giving it a 100% buy for short and even mid term. Could they know something that the rest of us don't?
If you're taking cues from a free website based in the US, then expect results commensurate with that.
I now see that the markets are offering a once in 10 years bull run and like many others, I'm sensing this may be a last chance (for a while?) to drag back some of those losses. Yup, I'm ignorant and desperate, a fatal combination, but damned if I'm gonna sit this bull run out on the sidelines and patiently learn to be a finance wizard only to finally enter the market as it turns downward....
Once in 10 years bull run hey....well at least your sure of something.
...........ok, so I can't be asking advice on these kinds of forums without the inevitable "DYOR" response, but if I'm honest I have to say I'm not confident that I can decode company reports well enough to know what I'm doing.
Directors wish to remind shareholders that the mortgage book is a closed book, and in line with expected paydown, future profits are expected to be materially lower.
The business continues to operate in an uncertain environment and therefore future cashflows of the business may be needed to support the business and various warehouse facilities. Therefore the size and timing of any future dividends are uncertain.
Directors wish to remind shareholders that the mortgage book is a closed book, and in line with expected paydown, future profits are expected to be materially lower.
We note ongoing speculation about a confidential proposal being considered by the Board in relation to the possible acquisition of the assets of the company. We reiterate that the proposal remains incomplete and subject to resolution of a range of commercial and technical issues, including value. However, the Board currently has no expectation that, if the current asset-level proposal is finalised, it would involve an offer that reflects a value to shareholders at or above the trading price of RHG shares, even after taking into account any franking credits that may be generated.
No one's talking about this stock, but has div yield coming up of 35.5% ! What's the catch?
To this you will say "Then get the hell out of the stock market kid!"
Seems you've got the best opinions in the forum.... Maybe I should just stick to the newbie forum, ...
Many thanks all! I am indeed humbled and can see now that I needed a good kicking. As plain as that warning now seems in the report, I obviously took it as much less threatening which goes to show I'm not any good at understanding the language, nor the implications set out in these reports. I acknowledge I will need to pay others for advice, but obviously can't trust professional FA's. If anyone would care to recommend a reasonably priced web based advisory, It'd be much appreciated.
Many thanks all! I am indeed humbled and can see now that I needed a good kicking. As plain as that warning now seems in the report, I obviously took it as much less threatening which goes to show I'm not any good at understanding the language, nor the implications set out in these reports. I acknowledge I will need to pay others for advice, but obviously can't trust professional FA's. If anyone would care to recommend a reasonably priced web based advisory, It'd be much appreciated.
skc said:That agreement is due to expire soon so in theory RHG can start originating new loans soon.
But if this run lasts a little longer, and then the world goes bearish for a few more years (kinda plausible, yeah?), you could say that between 2008 and 2018 there was only one bull run, the one we're having now.... ?
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