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Although i am nicely in profit i am happy to hold for 2-3 years as most recessions are followed by an increase in the building sector.
the divi makes this a comfortable hold for me.
I like this company and am confident that it will weather the storm ahead.
But IMO this is not the bottom, so I too have taken the opportunity to sell most of my holdings today for a small profit.
In truth, I did not think we would rise on that update, but obviously glad to be wrong.
Probably have left a fair amount on the table for someone else to enjoy, but that is fine :)
It will remain on my watch list though, in case I get the chance to jump back in. A return to the 130's would be extremely tempting - but obviously that day may never come. GLA.
Results, although poor seem to have been well received by the City. I have taken the opportunity to dispose of my holding.
Pile in for the interim and stay in long term for the overall dividends, that's my plan
Agreed Unhooked.
Most metrics are down year on year, but Mr Market nonetheless approves! This may indicate that we really are - finally - at or near the bottom.
Onwards!
That is what I am inclined to think, although given the strength of fairly sustained support we saw around the 150's, IMO it could prove to be a fairly stiff resistance area when the reverse happens. Whenever that might be.
What appeals to me about this one, versus house builders, is that instead of purchasing new homes in this tough environment, repair and restoration work may replace some of the lost income from a sustained slow down or halt to house building. Bricks are essential. New homes less so. Even allowing for the population expansion etc.
But I thought a housing market crash/strong correction was going to happen sooner than now, so held off buying TW near the lows last year. I felt that sentiment was not nearly bearish and hysterical enough on house builders at that time, hence my decision. So my opinion in this area (like so many others) is worth less than a Poundland crystal ball :)
I have took my second tranch today and doubled up so only one tranch left to invest if needed.
happy to just hold and take divi at these prices.
Well I have just bought here for the first time. On fundamentals it seems very cheap so I suspect that your 150s average will be ok at some stage. We know housebuilders are holding back, but we also know that there is an acute shortage of housing which is not going to get better any time soon.
First time commenting on this one, but had been a holder for a couple of years. Actually took profits fairly recently, and then bought a chunk back in a few tranches because I thought it had become oversold. Naturally, my timing was rubbish! So now sitting on a low 150's average.
Comfortable taking a LTH approach if necessary (usual caveats), but just interested in any posters here who might work in relevant trades who know/think that this might be company-specific, or part of a wider macro/sector specific sell off?
Was planning on buying another tranche if we hit 2016 lows, FWIW.
Am I missing something, or is this a good buy and accumulate time? Goes without saying, opinions will be taken informally, my money, my choice etc.
Final divi day, lovely jubbly!
Reinvestment on Monday.
Company is trading alright. Share price no reaction.
Sends you to sleep this share...
I'll wake you all up at the next trading update, where I expect nothing will happen.
*page is
< rolls eyes >
This pages worth keeping an eye on for upcoming ex-div dates, etc:
https://www.dividenddata.co.uk
Website updated: record date 21 April, paid 12 May.
Is 13th April? Company website ain’t reyt good…
Sold today, too tempting £1800 profit in couple of days. Keeping an eye still though as reckon it's got more to go. Might regret it later but it's now gone into PSN so kinda related.
unhooked i understand your frustration but i do believe that you will see a rerating of this stock in the near future.
the progress of this company is being held back by the decline in the the overall negative sentiment to the house building sector this will change and lets face it the dividend is more than enough to keep share holders happy while they wait for the inevitable rerate of this stock. jmho
These are v good results under present circumstances yet the share price doesn't react a jot.
What does this company actually have to do?
Share price has been subdued literally for years... still below the IPO price of 7 years ago, in fact.
Why aren't institutions seeing what I'm seeing? Best guess is that on the macro level they're shoving loads of money out of equities and into bonds where near 'risk-free' rates look decent.
Still bl**dy frustrating though. Three years held and getting nowhere with this share.
Happy enough with them and the increased dividend. No surprise to hear there’s a bit of a slowdown in sales recently but still well positioned to trade through it and still deliver healthy profit. If I wasn’t already invested here I’d definitely see this as an excellent growth opportunity over 18-24 months with decent dividends to tide you over for the time being. Expecting a meaningful re-rate at any time.
Not too many FTSE stocks with that AND growth potential. I'm in for 25k ,sold shell for a decent price. This is better on both fronts ATM. Let's see. My mrs has held these in her account for a few yrs and is fair bit down but holds for the divi and I'm sure it'll recover above £2 . Good luck all ;-)
Great set of results in my view. Extremely happy with my long term investment here. Onwards n upwards...
Ash
Strong performance, increasing dividend and well invested for the future.
A good share to keep , IMHO.
Took some profit @173p. Left some in for future gains hopefully.
I think they could be dependent upon the wider economy - hopefully inflation is peaking and ultimately housebuilding will continue given the general housing shortage existing and that will continue for the foreseeable.