The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Nationwide HPI (YoY) and (MoM)
Markets moved the stats to Monday
gla
2.5% net drop today when divi amount taken into account.
Nationwide HPI (YoY) and (MoM)
Friday morning.
Happy to collect the dividends
gla
He will get the divi however on his purchase as it went ex today - probably the main reason for the drop. I do wonder if the news that £40m of homes needing to be knocked down also adding to the drop though
Bet he wished he'd waited!
Healthy £50k purchase by the CFO. As Peter Lynch once said, insiders sell for all kinds of reasons but they only buy for one good reason.
GLA
Hi Strictly,
I’d be interested in your blog if you’d be kind enough to post a link.
I currently hold BDEV only among the builders and am thinking about putting more into the sector but am unclear as to their relative merits.
Many thanks
Nolo
Agree however , the divi yield has nothing to do with 'your average' ,it's correlated to the SP on any given day.
Reasonable set of results for BDEV.
Divi of 23.5p is excellent & roughly 8% yield with my average.
I'm looking five years ahead and as long as divs continue the share will recover when interest rates settle down to base circ 4 -5%.
I'm also delighted that there are NO further buybacks (burnbacks) overall average of 415p & added 1.1p to EPS.
That aside well done BOD
gla
Should Armageddon occur, it will expose the idiocy of buying back their own share in quantity. BDEV express a clear need for increased housebuilding, so they should have got on with it rather than indulge in financial jiggery pokery.
£530m after tax profit for the year is £15m up on last year.
EPS up 2.6p on last year.
Final dividend down on last year but at 23.5p is still very respectable (final div to be paid on the 3rd of November to those on the register on the 29th of September)
If the market knocks us back below £4 I will be buying for the long term.
Sounds like they are expecting armageddon. Brace yourself.
Get your hands in to your pockets, boys and girls...
'First trowel of muck' coming soon! lol
Housebuilders jump as Gove scraps environmental rules
Shares in housebuilders are firmly on the front foot after the government announced it was scrapping UK environmental rules that developers say have prevented tens of thousands of homes from being built in recent years.
Persimmon PLC (LSE:PSN) rose 3.4%, Barratt Developments PLC (LSE:BDEV) climbed 2.7%, Taylor Wimpey PLC (LSE:TW.) advanced 2.5% and Vistry Group PLC (LSE:VTY) gained 4.5%.
The property industry has complained that Natural England, a government agency, has blocked the building of large numbers of new developments by enforcing so-called “nutrient neutrality” regulations designed to protect the country’s waterways.
The rules were introduced under an EU directive on habitats and reinforced by a 2018 European Court of Justice ruling that said adding nutrients to soil that was already in poor condition would be unlawful.
Housing secretary Michael Gove said: "We are committed to building the homes this country needs and to enhancing our environment."
"The way EU rules have been applied has held us back. These changes will provide a multibillion-pound boost for the UK economy and see us build more than 100,000 new homes."
"Protecting the environment is paramount which is why the measures we’re announcing today will allow us to go further to protect and restore our precious waterways whilst still building the much-needed homes this country needs," he added.
First trowel of muck lol
...and Buy.
Brown site building will 'explode' soon in major cities. And continue to trend for the next twenty years or more. That means Barratt as a top builder will receive a large portion of the contractual pie. And Michael Gove I'm sure will be there to lay the first trowel of muck... with wee Sunak labouring for him with his tooth-paste smile!
There is an ancient practice in trading - little boys will sell for a tiny profit, so allowing Big Boys to buy cheaply. This practice is set in stone. TG.
Is plenty ever enough? But, still, adhere to the old wellandtried adage: never invest more than you can afford to lose (although with bdev it's only ever been a 'paper loss' with me, from which I've eventually recovered in handsome profit, gathering very good dividends of support en route!
Whilst still Holding, now it's time to proceed in an upword projectery manner, I believe.
GLA - not that you'll need it.
Topped up £500 psn yesterday 1070 disgruntled id missed 970. Already held plenty bdev in 370-450p buys. As well as Tw avg 108 , so I’m happy with today. Just wish BT and vod would pick up too
Add a pinch of salt to them.
Hold AND Buy.
19th July UK inflation numbers 7.00 am
VTY trading update 20th July.
https://www.vistrygroup.co.uk/investor-centre/financial-calendar
Indeed.........579p
Recovery in 2024
gla
An outperform rating isn’t bad.
Credit Suisse cuts Barratt Developments price target to 579 (585) pence - 'outperform'
Today............only the messenger!
gla
SB
We may get more clarity on the 6th of September FY results.
Thank you for highlighting the possible provision shortfall.....appreciated!