A number of broker upgrades and reiterations today. This bodes very well if we remain in the eu and this should surge with a remain vote to well over £6 again very quickly if that is the case on June 23rd/24th.
The market come sometime appear irrational at times, but on closer thought the move today was completely plausible.
Like you say, the interim results were excellent, slightly above expectations infact and with the market in an ordinary mood these would have been very well received and we would have enjoyed a good rise.
The problem is brexit and the increasing odds that we may well leave the EU. This will have catastrophic consequences for builders across the board for… Read More
Tomorrow, should be good. Whether they are good enough to counteract the growing brexit risk remains to be seen. FTSE futures indicating a red day tomorrow, but with a good set of interims we could buck that trend, fingers crossed!
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