The only slightest of concerns is Stratford. Iif a raft of sellers off plan on Stratford Plaza which has a high proportion of foreign buyers get out before April 2015 which will coincide with the launch of TH.s other 2 schemes.and more competiton. Effect will be minimal.Osborne has given a long timeframe to foreign investors to get out TH are ahead of the game with other developers in their patch having stolen a march with such schemes as Horizons in Canary Wharf having sold all but a few in advance to foreign buyers before people like Ballymore havee got themselves organised Their biggest worry is the speed of the planning process we need to get on site with some more
budget - top up
Managed to top up at the drop due to budget jitters. I'm done now. Come on, let's rise!....:)
sector absorbed the bad news of confirmation of capital gains tax on foreign owners. I guess it was priced in. Seems to like the rest on housing and interest rates.
At current SP prospective p/e is around 12/13 for year 2013/14 which is below sector average.With transparent growth as the benefit of higher margins kicking in over the next 2 years its looking significantly undervalued
the current share price has priced in too much of future results at this stage and it would be very surprising if the price increases to the levels you suggest in the time you have detailed because the PROJECTED business results do not warrant it at the moment.I have every confidence your long term predictions of £8 to £10 will be realised but not for another 5 to 6 years.
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