The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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The latest edition of Shares Magazine goes with the headline "Good time to buy housebuilders on the cheap". In the 6-page article within the mag it goes into some detail on the current situation facing the industry in the UK & stateside. It then picks out two shares it thinks investors should consider above all others - BDEV and VTY. Let's hope it will act as a catalyst for some improvement in the SP here.
Thanks Krusty I have been reading Strictly's posts on your recommendation & that of other posters, excellent & valuable.
I can't seem to find out much about the cost of the cladding debacle & if has / is affecting the SP's of those companies involved, it may be that this has been priced in already.
Thanks again & I'll keep reading, good luck all.
Gary59, fwiw I'm an income seeker too and have been invested in TW since 2008. I have recently diversified into PSN & BDEV, the former for it's potentially huge dividend, the latter because I prefer their approach of paying a safely-covered dividend over the share buy-backs favoured by TW. As I said at the time they announced it, you can't spend a share buy-back. However, I'm aware that other builders have potentially more attractive offerings, and would guide you towards the postings of strictlybricks on here and other builder's pages. His approach to this is extremely thorough and always makes for interesting reading. K
Read somewhere a month or so ago that RDW might be a takeover target for the larger players in the market ....
Please be gentle - I am looking to invest in a housebuilder or two for the long term & am respectfully looking for recommendations from those with more knowledge than myself. I shall be doing my own research but forums such as these are a mine field of brilliant knowledge, dividends are my priority rather than growth. Berkeley seem too expensive for me & their dividends are a bit low.
I am favouring PSN, Barratt & or Redrow who look more undervalued than most. Thanks in anticipation.
Except that inflation is two edged. Some material prices are now falling and will obviously fall more with any slowdown. Hence we would get falling house prices and falling inflation
Underlying figures on persimmon are dreadful, only thing keeping margins ok above building inflation is house price rises which will shortly be house price falls. They are a better company than shxtty TW so does not look good. 2008 all over again. UK now importing natural gas from australia ( insanity ) and parabolic inflation slated to be 13pc by Oct with sterling destroyed to 1.20 usd and the brexit nightmare fiasco still rolling. Interest rates will be 5 pc by Feb so housing is fxcked. I’d get clear of any U.K. facing businesses for 6-8 months as this winter likely to be meltdown. US picking up nicely tho ( energy self sufficient )
Leasehold investigation update
16 August 2022: The Competition and Markets Authority (CMA) is positively engaging with firms who purchased freeholds from Taylor Wimpey in order to secure formal commitments from those freeholders to remove doubling clauses from their leases, and any doubling terms that were converted to be based on the Retail Price Index (RPI). This follows Taylor Wimpey's commitment to the CMA to help get such clauses removed at no cost to leaseholders. The CMA will provide an update in due course.
Regarding its investigation into alleged mis-selling by Barratt Homes, the CMA has now closed its case. Following careful scrutiny of the evidence gathered, the CMA concluded that it was insufficient to support a clear legal case for the CMA to secure collective redress for Barratt leaseholders under its consumer law powers. This was unlikely to change with further investigation and consequently continuing with the case would not be a good use of resources. Barratt's sales practices have changed, and they no longer sell leasehold houses.
Moon ?
Agreed. Don’t see any reason why BDEV’s update will be much different on the Sept 7th.
SP up today on the coat-tails of excellent half-year results from TW. No reason to suppose BDEV will have anything other than good news to bring us when reporting their finals, and news of the final dividend, next month.
Pelosi travel to Taiwan, China zero Covid, and above all interest rates!
inflation bites too as building material/ oil is much more expensive which affect the profit margin.
I think it is possible interest rate rise to 1.75 on Thursday , anything spooks the market these days. Rates need to rise so we need to suffer the pain while it does. Youngsters think that these rates are the norm , they will get over it and housing will still be needed in the medium to long term and Barratts are well prepared to meet that challenge
Perhaps the drop is linked to the re rating by Jeffries, but it's been overdone maybe ...........Jefferies cuts Barratt Developments price target to 531 (535) pence - 'hold'
Bought two batches for the first time 458p
and 485p
I think that’s approx what the price was anyway
Lovely rise recently from the ridiculous lows and as we get closer to next xd. Anyone know why property went so well yesterday (probably because interest rates less likely to go much higher), but then pulled back?
www.knowledgebible.co.uk
If only the SP followed the positive growth (current + future)
So as usual , we have a good set of figures, the future looking good, considering the current world position and the UK political position, but the share price goes down , C'est la Vie, as the great Frank Sinatra sang
Of course there are storm clouds on the horizon but do I think BDEV shared will be any cheaper than the covid lows?
Unlikely. Very unlikely.
Hence my top up with further funds set aside for any armageddon sell off that may or may not occur.
Correction on the way if it goes down to £3 I would get in, but for now too expensive.
“Why on earth do you all keep adding more! You ought to be waiting for £3.50 as I predicted some weeks ago.“
Good luck if you are shorting…….
Why on earth do you all keep adding more! You ought to be waiting for £3.50 as I predicted some weeks ago.
Added more myself for the long term hold.
Today’s share price drop seems to have come from nowhere.