Hi Josh, Just got my new CoyRefs which means I have to type it all into my system. I have very little faith in British Brokers who could have their own agenda! Much more encouraging to me is the collapse of Builders today, with the exception of rdw, as you mentioned. A few more results are coming out shortly, which means next week should be a good time for builders. I am in the unfortunate position that I cannot bear to sell my tech stocks to buy more building, when I regard my techs as being even more undervalued! Have you looked at arm? - should be worth 3000 now (as opposed to < 1000) and results out soon. Shorters have destroyed tcm & nano, but I think they will bounce back. Have a look at agma, iomg and fxif. Maxed out right now and hate to sell anything! Only choice is to sell psn to buy rdw on Monday but probably missed the boat again! Hopefully with the new CoyRefs, my new system will tell me what to do! Brokers, Estate Agents, Politicians and Dictators are all of the same family. So Brokers say the share is worth 600, now 441, but when? No doubt in 20 years time the price will be 2000 or more. Means nothing at all. Still unsure of your support of bvs? Needs some sort of movement, are they are asleep? Imho rdw, bwy, bdev & tw is the place to be, and moving between them at the right time (for Divis). End of ramblings, can't believe the time. Bol
Interims next week. I was very impressed by the update at the AGM late last year and accordingly I have substantially increased my holding here over the last few weeks during the drift down to £4. My portfolio is now almost entirely spread across Crest, Redrow and Bovis with some SMP too.
I'm sure next weeks figures will be excellent, and shall hopefully put an end to sub £4.50 and put us well on the way back to £5. GLA
I don't deny a crash is coming, it is the nature of this industry, the question is when. Brexit you say is already built into the price, which infers rdw is undervalued. The disaster of 2008 was because nobody could get a mortgage. Don't know what all sorts of other tricks are. So 2 points - one infers rdw is undervalued and the other is dependant on another banking crisis. A banking crisis could happen again, but not much sign of it now. I think building should be OK for next 5 years.
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