George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Barratt Developments sees 10% drop in reservation rates in Q1"
UK housebuilder Barratt Developments has said it remains on track to hit targeted home completions despite a much slower start to the financial year as a result of ongoing challenges prospective buyers are finding in securing mortgages.
Chief executive David Thomas said the trading environment since 1 July "remains difficult", as the company reported falls in both private reservations and forward sales.
The declines reflected the impact of higher borrowing costs and the absence of the Help to Buy scheme, which accounted for 12% of private preservations in the first quarter of last year.
Net private reservations per week average 169 in the first quarter, down from 188 the year before, with net private reservations per active outlet per average week falling to 0.46 from 0.55.
With the reservation rate falling, total forward sales as of 8 October totalled just 9,221 homes, down from 13,314 at the same point last year, at a value of £2.36bn, down from £3.60bn.
Barratt said it is now 60% forward sold with respect to private wholly owned home completions, down 10 percentage points on last year.
"The trading environment remains difficult, with potential homebuyers still facing mortgage challenges. Against this backdrop, we are focused on driving revenue whilst continuing to manage build activity and carefully control our cost base," Thomas said.
Nevertheless, Barratt still reckons it will deliver total home completions of between 13,250 and 14,250 during the fiscal year ending 30 June 2024, and said all other guidance remains unchanged.
"Whilst we expect that the backdrop will continue to be difficult over the coming months, we are a resilient business with a strong balance sheet and a highly experienced management team. We remain committed to building the communities that our customers want to live in - delivering high-quality, sustainable homes at competitive prices to help address the country's housing crisis and drive long term, sustainable growth for our business."
It’s interest rates that need to fall to see the real stock market gains. Those come in the next few years, where share prices will creep up and the dividends locked in at last two years lows will massively outperform lower inflation and interest on accounts
LONDON, Dec 20 (Reuters) -
British inflation fell by more than any economist polled by Reuters predicted in November, pushing the headline rate to its lowest since September 2021, according to data that will further fuel bets on Bank of England interest rate cuts next year.
The annual rate of consumer price increases fell to 3.9% from 4.6% in October, the Office for National Statistics said on Wednesday, while closely-watched core and services measures of inflation also fell.
Its been over £2.. 2-3 timesin last 10 years - But I have as a £1.50+ expectation. But seen ths stock plummet for no apparant reason, then so have many have the last 3-4 years. Dont think will see a special dividend back and not sure want to see that, Im happy if gives me 4-5p twice a year, paying a decent bi-annual div will encourage buys and see the share price go back to where it should be £1.50+ (I hope) -
I've been in and out of this stock over the years and currently back in. I remember then it reached £2.30 years ago. I can see this happening again. Am hoping they bring back the special dividend at somepoint, but not sure they will as there strategy has changed in recent years.
House builders are getting upgraded, once again!
Most brokers are behind the curve...... on the 18th of December UBS raised TW from 126p to 160p.
TW has resistance @ 149.55p and when broken, the next resistance @ 157.20p before moving higher.
I'm more than happy with the recovery and onwards and upwards from here.
Wishing everyone a Merry Christmas
Wish I had 75k in this , wish I’d bought a few more at the time I bought 89p!
I’ve slowly built my position to over 75k shares, mostly over the last two years. Most of my purchases have been when the “crowd” was most sceptical/fearful. Selling this share sub £2 is a big mistake. Marshall Wace reduced their short on Dec 14th. Any recent short taken on TW has been, frankly, idiotic……BUT advantageous to my position. Roll on 2024.
I am not giving up a single share at my average 113p
And I am going to greedily take every dividend I am blessed with!
Happy with my buys at 89 and 100p and my reinvested dividends!
Yes I am pleased and somewhat astonished that this share is reacting so positively from snippets of positive news.
Quite a reverse from the doom and gloom that spread following the outbreak of the Ukraine-Russian war.
Needless to say, I changed my mind and sold the small additional investment I made at 110.6p, selling at 143p.
I'm not greedy as I have a huge holding in TW but at a higher break-even so will monitor the share price and hold out for the dividends.
I exceeded my target profit on this smaller investment by 50% so I am very content. I will spend this unexpected surplus most unwisely over the Christmas period on my partner and my family. It seems such a long time that I have been able to say this.
Good luck to you all.
Just sold shares in trading acc, removed capital kept profits in shares, still have shares in isa acc ....temptation..atb
Caveman you must be happy this morning then! Moon
TW appears to stall after every rise of about 10 pence. I hope this is still the case and that it is building up to a pre Xmas climb. If not, I am entirely satisfied with its recent price rise.
Sentiment from a raft of pundits on the web is very positive so I'm holding on to see what January 2024 brings.
So saying this, there is the cynic in me that says what do these so called experts know when you look at some of the recent brokers forecasts. In the end it is all opinion.
I am convinced that this company is well run and well financed and will stick with it.
I am holding my shares. 185p I’ll sell. Until then I’m enjoying divis!
Hope this starts to rise again to above my sell price of £1.50
If you click on the link you get the Investors page on Wimps site. Then click on the link below Analysts Consensus, and you will download the latest analysts consensus forecasts.
https://www.taylorwimpey.co.uk/corporate/investors/analysts-and-advisors
Thanks but what EPS do you know has been predicted for 2023 and 2024?I have seen 9.9p for 2023.
Because the PE is 8.8
Could someone explain to me how this company supports a P/E of nearly 15 when it is forecast to to earn half of the previous year's EPS.?And not much growth the 2024.
Armani,
Me too I have been holding 34,000 shares since the Big Bang but, I’ve not been trading just collecting the divi with an average of 35p since the rights issue.
That’s a lot of dividend over the last 14 years £2 here we come.
Viking Raider,
Grow a pair it belongs at £1.90! +
The never coming housing recession has been but a speck. TW. - trading update around 11th Jan should confirm nothing to fear. HEading up and neat dividend - there will be a time for trimming of course.
I'd like to see them bring back the special dividend at somepoint.
House Builder BKG Interim results 8th December.
ATB