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Waiting to buy more as well at £1.30 or less.
Won't a decrease in interest rates or expectation of them in May, raise not lower the SP? Thus I can't see why this would dip to the low levels mentioned although I'd gladly scoop some up at sub 130, although unlikely?
(Alliance News) - UK house prices edged higher in February, according to figures from Nationwide on Friday.
Signs of life were seen in the UK housing market in the new year with a rise in the number of mortgages being approved.
Activity remains weak overall, with potential buyers still nervous about high interest rates.
But the latest Bank of England data shows approvals for house purchases rose to 55,200 in January from 51,500 in December.
This was the highest level since October 2022.
Borrowing on credit cards also picked up last month.
People took on £1.9bn more in credit on cards, car finance and other loans in January than they repaid.
Better day here today ,
I meant last December!
Sorry
Hi All
Interesting to hear what’s going on !
I noticed since December there was a turn off attitude towards site management and tradespeople, it became toxic and a lot of experience site agents and tradespeople left, now from my understanding a new batch of site agents have come through and the subbie’s are trying to entice us back!
I am going to Australia soon and I have been talked into coming on site at the end of April, so I will let you know how the land lies then!
I hope the atmosphere has changed or else less houses will be built!
But then again is it what the management wants, they could then use that as an excuse and say we need cheap foreign labour, rather than paying a proper wage!
But hey let’s see what happens!
All the best Ben
Things are tough - as expected, but mortgage rates will come down, a Labout Gov't may incentivise house building sector. So the long term outlook given the land bank & cash position is very positive I think.
Interestingly the CEO of Skipton Building Society was on Business Live this morning. He said he had never known a time when the selling price to asking price ratio was so high. (i.e house sellers get what they ask for.)
Although it's a small [part of the business - Spain seems to be doing brilliantly.
Sites I’m on are starting the get a bit busier, haven’t been without work yet but they have been slower.. wimpeys being one of the slowest builder we work on out of most but still picking up
S Oxfordshire - South Bucks - my son drives a big lump of a forklift and large digger. Hardly any work around here. Lot's of sites around but very slow activity.
Maninpink Im a contractor for TW ... but areas will be different - start a new contract in a few weeks
Been doing a show area etc....slow I admit but the chat is getting better
Time will see
Between now and later this year when interest rates start to fall, I think there will be a sub 127p entry point.
If I see something around 120p I will top up. Just going to be patient
Dividend declared , 28th Mar ex dividend, paydate 10th May ,still good dividend, 7.2% ish yield depends when purchased..atb
Looking to add around the 111/117 range when it revisits it.
Do not see at sub 95p in the near future but perhaps it can still come.
Well, Wimps management have done a decent job of navigating a difficult period, not to mention UK Gov tax take increased to 27.5% on an annualised basis. Priority was to maintain strong balance sheet, maintain dividends and no nasty surprises, they have done this.
I would suggest that this years plan is to do the same, steady as she goes and maintain strong balance sheet and maintain dividends. Hopefully next year will reflect a more normal business environment, post Brexit, post Covid, post Tories ? Then maybe more growth, and uptick in dividends will begin again.
Market doing what the market does, likely professionals set up trades to destabilise the Wimps share price, creating the opportunity to trade and capilitise on known steady results (i.e. no surprises either way), and exploit current CMA newsfeed. Some sells yesterday and today on opening in a overall down market would do the trick. Slowly sell (buy back for shorts), and steady buys as shares recover their composure will turn a good profit.
Still good opportunity for non professionals to add at sub 140, especially if via SB's to collect dividend. With dividend payments a management priority, then underlying share price should recover swiftly from ex div day.
Of course, IMHO.
Thanks Maninpink, that's useful intel. Anyone else in the trade in other parts of the country? How are things going where you are? Viewings/sales/sites opening or mothballed? Any info gratefully received.
Sunbeam the sites not really increase in plots far from it... In the west midlands a lot of our sites are really slow to say the least...
Disapointing but not unexpected - few selling so price dropped.
However results to 31st Decmber and the general feeling is builds have since started to increase, Interest rates pretty steady, so lets hope + for buyers
And so far looks like Div still good.
Long term holder so that will do me, and if stays lower than the 150+ plus should be oppertunity to buy a few more
THANKS JohnyChain- I should have checked first!
Final Results just been RNS'd Joe
Yes it was a gift ,so i have bought some more
I’ve been out of touch. Could some kind and wise soul explain why price has dropped again so sharply today, I don’t see Barratt dropping by a similar amount. Thanks
Looking forward,
It is still early in the year and the macroeconomic backdrop remains uncertain, however it is encouraging to see some signs of improvement in the market, with reduced mortgage rates positively impacting affordability and customer confidence.
While the planning environment remains challenging, we have a high-quality, well-invested landbank and a strong financial position which underpins our ability to provide investors with a reliable income stream via our differentiated Ordinary Dividend Policy. Looking ahead we are well-positioned in an attractive market, with significant underlying demand for our quality homes and are poised for growth from 2025, assuming supportive market conditions."
Do you not understand what a cyclical business is avocet? At this stage of the cycle these appear solid results to me, in line with management expectations. That's not to say there won't be a dip on opening, but given the dividend has been maintained (unlike most of the major builders at this stage of the cycle) I think we might see a positive start. Let's see what happens at 8:00am.
I`m satisfied with the results coming out as expected and paying a decent dividend under the new system. These are difficult times but management seem pleasantly optimistic .