You mention Brexit risk factor. But what affect will Brexit have on British Builders building houses in Britain for British people? (and an increasing number of foreigners).
I agree a risk factor should be built into the Sp, maybe by deceasing the Per to < 11. By decreasing Per to 10 will decrease the justifiable sp by a not unreasonable amount of about 10%. According to Brokers forecasts rdw Per = 8.1 (ie about 30%) and if they grow the same amount as last year Per = 5.9 (ie almost… Read More
First table is Price 27/05/16 – high point before Brexit vote, compared to current Price. Note I think that Builders were already UVal by 10% to 15% due to uncertainty caused by the vote. Also note sp going south before the vote which I didn’t notice, or ignored, so made no contingency plans for Brexit. Wrong again! 27/05/16 Neps U Val Brexit Desc bdev bwy rdw psn Tw Price 598 2760 427 2112 206 CPrice 497 2400 408 1838 156 UVal 17 13 4 13 24 So best recovery by rdw, worst tw… Read More
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