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According to google it hit £13.61 today so must of spooked some people to get out while it’s higher??
13.38 post to day.
We will get back to a proper S P.
“Anyone got any positive thoughts?”
Tesco has large bottles of Heinz tomato ketchup on for £2.25.
Christofer.
People need houses = People need builders :-)
Denby - nice reading , let’s hope we see £15 again soon, certainly looking like a good day today
YET again 03-May-24
JP Morgan Cazenove Overweight - - Reiteration
12-Apr-24 JP Morgan Cazenove Overweight 1,190.00 1,510.00 Upgrade
The SP is really trying to move upwards , every time I think we are off , it drops back into the high £12 area .
Anyone got any positive thoughts?
PSN cant be doing to badly if the directors can give themselves this nice bonus .
I see Psn has added 250000 extra shares, I guess it was shares given to top directors?
Attended at the AGM. Broadly neutral message. The market appears to have bottomed out though little real improvement expected until 25/26. Govt target for current year is for 300,000 new houses but industry does not expect any more than 175,000.
Local authority planning permissions have not been as forthcoming as many planning departments are either understaffed or they just don't want to grant permissions.
It does seem that I was wrong (for just now). It's good for all holders. Will I still have a chance to fill my order, or should I buy at a higher entry? Well, decisions, decisions, decisions...mmmmm
Even though I plan to buy a couple of thousand more this year I think the share price has been low for too long and it’s about time it started moving up!
Looks like it wont go lower :-)
First time a house builder hasn’t used “challenging conditions “ in an update. I presume they will push to go above their highest estimate of sales.
Steady and as expected.
TSB announces big increases to mortgage rates - as 'market thrown into turmoil'
TSB has followed other major lenders in hiking mortgage rates this week - and theirs are pretty big.
First-time buyer, mover and remortgage rates are going up by as much as 0.45%.
Shared ownership/equity products will rise by up to 0.75%.
The lender is also withdrawing some tracker mortgages - and all house purchase and remortgage products (two and five-year fixed) without a fee.
It follows upward moves from NatWest, Barclays, Accord, Leeds Building Society and HSBC on Monday, and Coventry last week.
They are responding to swap rates - which dictate how much it costs to lend money - rising on the back of higher than expected US inflation data, and concerns this could delay interest rate cuts there.
US trends often materialise elsewhere - though many economists are still expecting a base rate cut from 5.25% to 5% in the UK in June.
If I am right, then it's only good for me. If I am wrong, then it's good for all holders. I am not that selfish. So, I don't mind if I am wrong. LOL 😂😂😂
I hope your wrong :-)
After the strong rally, the market probably will turn. For this reason, I have changed my buy order to 1255 from 1270. Let's see if I am correct or not.
Pandamonia
I would like to read about a rate cut + a stamp duty holiday lol :-)
we dont live in a communist state. there is no control of land values so lowering land values is impossible unless you build on greenbelt.
also wikipedia is bull**** nothing on there is worth reading these days.
Land costs are a significant portion of a house purchase. Lowering that cost will increase demand from those currently renting.
No doubt Help to Buy helped some to buy. There are several expressions of opinion here on the overall market impact of Help to Buy:
https://en.wikipedia.org/wiki/Help_to_Buy
There is no proof that help2buy was inflationary. House prices went up after the scheme went to capped lending and first time buyers only.
To think that tiny part of the market can push the price of ALL houses up had no evidence. What was house price inflationary was the zero rates of interest for 13 years. Help2buy did nothing other than help many people buy their first home such as me. Now i have a 4 bed and paid the loan off costing only 8k for 5 years. It should have never been 40% in the south though as that distorts the south versus north but thats different.
Fact is that without help most first time buyers have almost no chance of ever getting out of rented housing. What most ignore is that Help2buy is no different than Parents2buy where the rich mommy and daddy give little matilda a 50k gift to buy their first house.
Fact is that with enough house building the market will balance and there is not enough demand without help for people to get on the ladder on their own.
Sold @£13.07, not a very good price, but managed to make a little profit anyway. Just put my order in to buy them back @£12.7. Now the market is at its highest. When it pulls back PSN probably will fallback as well. Let's see what will happen then.