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They comment on 2025 "could" be a boom year.
It could be but that's next year. It'll be 2 years of subdued housing market activity, which is why I thinkpaying dividends whilst demand is subdued is a bad policy.
Nice one STEVEBT.
Sold a bit too early @1290 and the top up @1290.07, but it's fine. I managed to turn from yesterday's nearly £500 down to a small profit. Will wait for the next entry now.😁😁😁
Crest Holdings reported their TU this morning.
HBs have been paying dividends, resulting in cash dwindling, whilst demand is subdued. I don't see that as a good policy.
If there's huge demand in the UK for property then why are HBs building less?
Reservations still low.
From Crest TU:
"Build activity in the sector continued to operate at a lower level"
Pre 2019 completed sites
Since the publication of the FY23 results, the Group has become aware of certain build defects predominantly on four sites that were completed prior to 2019 when the Group closed its Regeneration and London divisions. These sites will require remediation over the next three years at an estimated cost of up to £15m. As a result, the Board has decided to appoint third party consultants to provide greater assurance on the adequacy of current provisions around these and other sites completed prior to 2019. A further update will be provided at the Group's interim results in June.
Outlook
The Group continues to focus on optimising value and expects FY24 completions to be in the range of 1,800 to 2,000 homes, with completions weighted approximately 35/65% in favour of the second half of the year, reflecting the opening order book and the low level of reservations in the first two months of the financial year."
Topped up @1262.63. Let's hope that it's the bottom.😁😁
Yes, stamp duty is a killer. That's why my buy was 1283.82 but break even is as high as 1291.42!
GLEN and TUI is better for trading, because they have no stamp duty.😁😁
Mmm £80 + stamp duty + dealing charges +YOU PRICE FOR PSN
1431 is shares not time.😁😁
Did you see my 1431 buy @ 1283.82 yesterday afternoon?
Its amazing how your trades are bought so low and sold at the highs you sell them at I cant see the trades on London stock exchange web site ? Might be good to post when you buy and then when you sell not a day after LOL
Just done another trade, bought late on last Friday afternoon @1292.1 and sold early in the morning @1310.83. Bought them back again this afternoon @1283.82. Now I am looking for 1310 or better to exit. Let's hope that there will be another bounce up tomorrow once again. 😁😁😁
Thats rubbish tbh, Buffet always bought unloved stocks that had good economical cases. This is investing not trading.
I bought Shell at 900p its now over 2500p, Same with Tullow Oil at 8p. MCRO was 200p sold for 450p. Polymetal was 50p could have got out 350p. sold at 230p.
Grass is always greener on another stock when yours is down but in reality we all need oil and we all need houses. PSN has 80k plots which is 10 years of houses in the bank. They make their own bricks too which adds to margins. Reality in house building is that they all do well or none of them do because houses are a kind of commodity in demand or not. Demand is currently coiling up for no other reason than 1.5m immigrants in 2 years. In 2-3 years this stock will be over 2000p easily and dividend 2x where it currently is. The UK has one more boom left in it before we encounter larger problems, lets hope we all hold our nerve and cash out at the top of the next housing boom.
About £20k worth..😁😁😁
Seen_it_done_it. How many shares do you tend to trade with in any one transaction?
Every little helps, also PSN has become a trading share of late. It keeps on going up and down more than once every day. Can make a little beer money if you time it right, lol.
Was that trade even worth it as even if you bought and sold 5000 shares it would be about £620 profit .
Topped up late yesterday at 1300.5, and sold at 1315.75 this morning. Will wait to buy back them again if it drops to below 1300.
Oops sorry bargain i web 1283.5005
Lol 12.83.505 love it
Nope. Bugger.
Will it bounce......??
Important remember P[SN deals in land and they don't make it any more
Good to hear that you are still in profit. Let's hope that this is the bottom, and will soon start to climb its way back to over £14 again. Good luck and have a great day mate.
Just to clarify. My post is NOT "advice". Which is a dangerous word :)