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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.
Does it have any alpha on BDEV? Or just that the share is currently on sale and about to release it's annual results, which look promising!
Nothing we didn't already know. Interesting they've stuck their neck out at this stage though, and chosen BDEV & VTY rather than, say, TW. or BKY. PSN in freefall again this afternoon though, perhaps Shares Magazine (AJ Bell) has gone a bit early?
Shares Magazine trying to suck you in. As I said a couple of months ago - £3.50 next stop! Don’t buy now as you will soon be sitting on a paper loss.
I would close the short now :) Full year results are going to be great
Shares Magazine are not trying to suck anyone in. Their reputation (and therefore their income) depends on them getting more calls right than wrong, as they consistently have. Whether they've got this one right, time will tell. Results day will give us an indication of how things are going, and of course the all-important dividend news. I'm hoping to add a few before then.
Please be aware that most of the big fund managers who have millions under their roofs get paid by funds to advertise the very same. AJB are promoting house builders this week, next week it will be a different sector.
It would be interesting to see how many of AJ Bells own funds have recently brought house builders or even own them. Surely if they are such a good buy at this point in time they will have been brought.
Be very wary of rampers & always DYOR.
Deadly4U you say "Full year results are going to be great" which may be but that's history now. The big players don't just buy for the moment but like the market overall is forward looking so future guidance is going to be key.
I mean I'm extremely bullish UK house market long term, it's just a simple supply and demand problem, BDEV being one of the largest builders, with an excellent balance sheet, seems like a good long term hold. Of course short term vol will shake out paper hands, but Britain needs more houses, and banks need more people to take out mortgages. GLA
Cant work out how this is still above 4 quid, outlook for housing and U.K. in general is utterly horrific, years of recession and high rates falling living standards, brexit fiasco, poor covid response, massive debt high taxes, inflation slated to be 3x higher than france ffs as U.K. energy poor, housing is gonna tank like ‘08. Conveyancing firms report 35pc fall in new build house sales over last two months. This is a screaming SHORT. Dividend will be reduced “ for caution “ haha then suspended.
Financial ignorance is the number one factor behind wealth inequality
Don't worry about the postings of the Porsche wannabe, the name says it all really.
Troll who only likes the US market but he has the mind of a child & the intellect of a door handle.
No0one ever takes the slightest notice of his inane, pathetic ramblings.
This porsche guy seems to talk alot but actually say nothing. He tells people everything but shows them nothing which is exactly what he has probably got invested in rolls royce.
Apologies meant barrats
Porsche chap consistently spouts negativity throughout these boards.
Porsche, you are the only one talking sense! I posted some months ago when this was over £5 that £3.50 is definitely on the cards and that people should not buy yet. Everyone called me a doommonger and said they were continuing to buy. I repeat, do not buy at these levels as the only way is down at the moment.
smartpants, it doesn't take a genius to say, " ahah UK housing stocks like BDEV going to get smashed as interest rates rise and inflation skyrockets!" Investors don't decide not to buy a company just because the share price might fall for the next 6 months, they know they can't time the market. Investor's look at the fundamentals, I.E. doe the UK need more houses?> YES Does BDEV make houses in the UK?> YES Does BDEV have a solid balance sheet and credible management?> YES I mean if your going to buy BDEV today the question you should ask is, is BDEV going to give me a good return on my capital over the next 5, 10 years? Not, OH NO ITS A BEAR MARKET PANIK PANIK
I have bought £500 at 430, £400 at 415, and will buy £400 more at 380.
I see a recovery in 12 months and plan to hold long term so all is ok
What a strange post Deadly4u! You are saying investors like losing money. They look at Barratt’s fundamentals and don’t care if they pay £4.50 or £5.00 for the share even if it is going to drop to £3.50! As long as the fundamentals are OK. Unbelievable!
Smart E pants deadly4u is right in that you can’t expect to time the market or feel upset if you didn’t predict the bottom and your investment goes down before it goes up.
It is true we don’t like losing money but if you stick a few key principles you should be fine
1 buy decent fundementals stocks
2 don’t get hung up on a particular company you like. Look at a range of companies and pick one whose SP is down and fundamentals are good
3 buy knowing it could go down further , and invest only what you can afford to leave in until it recovers
Crazy value, considering this was 765p in January. A well managed company, strong balance sheet, profitable and have a product that will be in demand for years to come. Yes, there are head winds but they will be transient. I am
eager to jump in here but it looks a cert that the price will drop sub 400p, when it does, I will fill my greedy boots. It offers the best recoil in the FTSE.
This is a bit grim...bottom drawer time.
Like Teddy I am currently keen to buy into HB’s as I see fundamentally good companies with a product in demand for more time than I have left on earth. However, interest rates are rising, the outlook for prices is potentially difficult, the UK is a basket case, recession is looming and it could be a long one etc etc. After decades of investing I have learnt to be patient and learnt to diversify my holdings into various sectors. I have over the last three months sold all my individual shares and kept my funds, I am always 50/50 in these and have done well with this strategy over the years. So with a wedge of cash just sitting there I’m itching to get invested again but there’s just too many headwinds here at the moment.
Good luck to all investors I will watch with interest from the sidelines.
I hope everyone is enjoying the good fundamentals whilst losing money! Lol
HSBC have downgraded the sector, claiming demand will drop 20% over next year. Barratt slashed from 930p to 430p! Now Hold from Buy.
Only share they still like is Vistry. However all the Brokers have different opinions! Berkeley , Bellway and Barratts seem to really split the pack
Barratts, Bellway and Vistry announcing results next week. I’m assuming will sanction massive share buybacks.
Also Liz Truss will have to do something re CoL which should help HBs.
And Corporation Tax cut will help