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@Shanny, keep your powder dry, this is one of 100s of quality companies that's going to get a right kicking this year....Far lower to go yet. GLA
Sounds very much like COVID 500,000 deaths per day prediction. Some journalists just can’t help themselves from creating clickbait. BlackRock must be ringing their handle on how cheap they’re going to get the shares.
House prices are set to go into reverse as mortgage rates double by the end of the year, signalling the economic crunch will bring the recent property boom to an end.
The average rate on new mortgages is set to double to 3.6pc by 2023, marking the sharpest increase since 1990, according to forecasts from Capital Economics.
While house prices are expected to rise 9pc this year, they’re set to drop 5pc over 2023 and 2024, reversing a fifth of the surge in house prices since the pandemic began.
It comes as the Bank of England scrambles to lift interest rates to battle surging inflation, while soaring energy bills and higher taxes are also set to spark the biggest fall in living standards since the 1950s.
@Peaky I bought a few today, will scale in as 100p is a possibility like you say. Missed the boat before being too patience though.
@Fug I use TA but some seem to get annoyed by the “mystic Meg” predictions as they say so I keep the TA chatter to a minimum on the boards. Agree, most gaps are filled and 108p probably will be but when, who knows.
Think about it we have built hundreds of thousands of houses over the past few years and what schools, hospitals or anything else has been built.
Around our way the kids can’t get into there local schools.
But anyway what do I know?
We will be in demand one way or another!
Good luck and this isn’t deramping it’s pointing out facts.
Some body never listened to teacher so it's another EH ? from me ??
Eh...?
In the game where's the money coming off Benny, asking the goverment or man the street. Country never recovered from 2008.i sure you next year, the country be like the straight out of the arse of the fourth horse man. Be pound a share on a cynical cycle, be another five years.
Hi All
Interesting chat in the T hut today, it was discussed when the neglected infrastructure kicks we will be busy as hell.
Thinking about it all the schools are bursting at the seams, prison’s over run , hospitals need building and this is without the nuclear stations.
We should be in more and more demand.
They might struggle to get houses built, there could be a bit of a tug of war for tradesmen.
All in my opinion of course
Just looked at that company, the 80p gap filled 21st July 2021 then Rose to 95p
So it did fill , subsequently rising up 15p.
So spot on in the book.
Where it is now is irrelevant to the gap questions.
Please don't get me started on this gap-filling nonsense. The "experts" warned of a gap at 80p on DDDD so waited patiently for it to be filled. SP now 39.5p. Moral of the story? Mind the gap...
Between 100 and 110p is when I'm looking for now.
Under 100p? Maybe a short term dip if it went that far. Just a guess. Been lots of companies decimated. Feels like 2008 starting all over again.
Large Gap from 2nd No 2020 nearly filled.
But there a small on at 108p too.
In 6 months time this will be worth buying under a quid.. GLA
Looked at PSN for the divi, broker upgrade there today. House prices will continue to be buoyant until inflation really takes a hold in six to twelve months time in my view. Then people will struggle with remortgaging etc, you all know the drill.
Cheers.
Hi, I used to be invested in Taylor Wimpey a few years back. I have noticed this dropping over the past year and planning on buying back in if this reaches 1.10 or below.
What has caused such a drop with this share when the housing market is so strong?
Can anyone please update me on the current state of play?
All the major HB's look undervalued to me Shanny so take your pick really. I recently realised some gains in TW to take small positions in BDEV and PSN, mainly because I prefer their approach of paying dividends rather than share buy-backs which have replaced the much-lamented special dividend here. There are plenty of reasons to be fearful for the future of the UK housing market, but most of those must be fully priced in already given the NAV here & elsewhere. Good luck, whatever you decide. K
Low 120’s a possibility…..100p unthinkable right?!?! Probably worth a nibble around here. Nice rising divi, rising profits, spectacular NAV, no debt. Think I’m talking myself into this. Held before, luckily made a small profit. Why here over Vistry is the question posed?
Market in for another hammering tomorrow by the looks of it. Harumph
This share has Erectile Dysfunction.
It never stays up.
Stockopedia and Jeffries have this as a strong BUY.
FT are putting it at £1.80 outperform, but I wouldn’t listen to those clowns.
Everything’s a buy.
Fair point Fugazi1, guess I'm looking at it from a long-term holder perspective. I'm aware that builders have borne the brunt of market's concerns about Brexit/pandemic/gov't borrowing/inflation/war etc. etc. and agree that's unlikely to improve much in the short term for sure with disastrous Local Government results to come. Still think this is an excellent investment for the longer-term though.
Be interesting to see if Elliott have anything to say at the AGM, or maybe they will wait until the new CEO provides a market update for analysts and investors in four weeks.
I do wonder if off loading the Spanish business is on the cards, given it’s not of significant importance in the wider scheme of things, but would probably bring a good price given Spain and the Balearics are experiencing strong growth in property sales.
Back of a fag packet, I would suggest a sale bringing ~ £350m to £400m. As Wimps have no need for the cash, could be split 50 / 50 special dividend and buy back. That would probably keep Elliot happy for a year or two.
@Rich. Jennie’s sale was to facilitate an option exercise and cover the tax due. She retained all the remainder of shares that had vested, as did the other Directors. As for the small purchase around the 11th, that’s just a small staff share scheme actioned every month.
More people leaving or about to leave than coming in.
Bricklayers on site get roughly 10-12k to build a 450k house!
Do you think that is to much?