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Ps Strictly,
"Good to see the stats show back and encouraging figures for the start to the year?"
...............................
Crossley,
Yes, I had noticed that ~ I think I'll put out an APB about it on the blog and, for anyone interested, here's a link below....
I watched the first twenty minutes or so ~ that's about as far as I usually get, it ain't exactly like watching "The Big Short" ~ and it was good to see pretty much the same message....
Which essentially was:
"Nothing to see here, move along"
Thus far, keeping tabs on this is like having a pint with Captain Hindsight and, in the several months I've been aware of it and watching it, it's been almost amusing to see the consternation of the doom mongers as the figures unfold months later from the likes on the Nationwide...
And long may it continue ~ not that we can take anything fron here for granted, mind....
https://www.youtube.com/playlist?list=PL8EVjavxiDxhquawPNmGzicGQ0Wr5BTtK
Strictly
Crossley,
My largest holding is TW
Followed by PSN, BWY & VTY.
I sold my BDEV shares 562p average (BDEV used to be second largest holding) however I think PSN have more legs particularly if some sort of incentive for First time buyers.
ATB
Ps Strictly,
Good to see the stats show back and encouraging figures for the start to the year?
Thanks Strictly
I’ll shall visit the blog later. I do not hold Crest currently. Have done twice but always seems to be short lived. I’m sticking to RDW, BWY, Wimps & here for the foreseeable. I moved out from here into Redrow back at the start of October which represents a couple of % gain as I liked the value. Re-invested here on the update for the reason I highlighted earlier
Thanks for the heads up all the same
Crossley,
Just as an update in case you didn't see it on the blog, since Crest's unscheduled profit warning I took advantage of a brief bounce on their share price to move my remaining holding of Crest into Redrow.
If all the listed additional items in the update are due to come off the revised "adjusted" net profit before tax figure of £41m then, by my calculation, that boils down to a reality check EPS of around just 4.5p.
Of course, I may have that wrong and have over-reserved for the grief, but I'm looking to be on the right side of things...
Given, as discussed elsewhere, that Crest might be cheap but they're also flaky, and bearing in mind that a few updates back they twiced bigged up this mooted final dividend of 11.5p but that the two most recent updates including the profit warning, funnily enough, made no mention of it, I'm not holding my breath on the notion that the prospective dividend will happen...
At least, not the full 11.5p.
And, especially if there's no dividend, I'm wondering what Mr Market might make of that..?
We should only have to wait until next Tuesday to find out, but I'm now watching from the sidelines and I did make a decent gain on selling the Crest shares ~ though I didn't do as well as I would have done if I'd not sold Bellway to buy Crest in the first place...!
But, such is life...
I'm now pushing three quarters in Redrow and the balance in Bellway, and that's it.
Strictly
I have bought back all my shares yesterday and ended up with extra 80 shares. Let's hope that the retrace is now done, and we'll see £15 soon. Good luck to everyone. Have a great day!
Armani,
May I ask, which other HB’s do you hold?
Next week we have Crst’s figures. Bit worried about that update tbh. Then three days running for Bdev, RDW & BWY beginning on 07/02. I’m looking for what RDW have to say on the 8th after stating in their last update they’d taken a hit and projected lower end of the 180-200m pre tax due to lower chain cancellations. If PSN’s update is relative then things should have improved there?
Best of luck whichever you hold
Denby69 RE: RICS
Yes, agree to a point but rest assured if the number was negative..... HB would have retraced at the open.
The whole market is head line news & mostly written by those who have large positions.
gl & ATB
I'm relatively bullish with PSN as with my other HB's shares
Added this morning to my trading shares.
Gla
Morning,
I know we’ve had a few negatives on the latest trading statement but for me it was very positive.I can’t believe this hasn’t been mentioned but for me, the main encouragement was the unit figures. H1 figures came in at 4249 and the full year at 9922. That gave us 5673 sales in H2 which represents a near 34% increase in H2 over H1. With a strong showing in Q4.
Can that momentum continue into 2024 or even improve as, hopefully, sentiment improves and rates continue to fall as we move through the year? Here’s how 2024 kicked off if interested (the first 30 minutes is sufficient if you indeed are)
Glad this is back…..
https://youtu.be/XE2zli8D2vk?si=2wiCFsr-H_9Ow1zd
1.ARMANI RICKS What a load of toss pots have you ever seen the disclaimer with any of their reports. their reports are not worth the paper they are written on lol
After starting this subject yesterday, I have read carefully the responses and done my own research. I took the plunge and added to my holding just before the close yesterday. Only time will tell if I have made the right decision , good luck to all that hold this stock. In the words of Del Boy, next year we could be millionaires, we can all dream.
The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the percentage of surveyors reporting a house price increase in their designated area. A level above 0.0% indicates more surveyors reported a rise in prices; below indicates more reported a fall. The report is a leading indicator of house price inflation as surveyors have access to the latest price data.
RICS HOUSE PRICE INDEX
-30% Forecast -34% Previous -41%
Green & positive for House Builders..............lower number
£13 a share is not unrealistic at some point before inflation really starts to drop nearer 2% in 6/12 months time. After that I can only see it heading to £16-18
Dark energy , if you think it will drop to £12/13 why did you spend 10k on shares today , surely you would wait until it hit the level you are saying it will return to soon …seems very peculiar to me
UK Futures were 1.35% down before any inflation data.
China's real estate problems spooked the markets yet again as the PBOC try to offer solutions.
Buy the dips and top slice new recovery highs ...or as close as possible.....gla
Eq_tbc, market makers are a *lot* smarter than the average PI, and consistently make money
I would argue the rise from 1,000 has no real fundamentals behind it, and the technicals (1w) seem to indicate a short term retrace to 1300 and maybe 1200 is likely
Common sense makes me think it will continue down well below 1000, but there does seem to be an inexplicable (to me at least) optimism. With this in mind I made a small (10k) buy at 1400 today and have a bigger limit buy set at 1300
As always we will see...
Good luck if you're holding, I do believe in 2-3 years this will be back up to 3000+
LOL Stevebt i did get the dip but still down 400 squids lol
Not just this share, big loss day on ftse shares
When cigarettes and alcohol mildly increase inflation by 0.3% and the market resets this share by over 4% you start to realise how insane the market makers really are. Prices dictated by lunatics. This will bounce back up by Friday so enjoy the dip as a chance to soak up a few more shares.
My missus was thinking of investing £10k in here when the share price was around £10 and I told her to remember the price can still drop. She couldn’t handle paper loses where as I couldn’t care less as you can’t get everything right.
So basically buy now as long as you can handle if it drops as this share is a long term hold of at least 2 years to see really good growth.
Just go with your gut feeling i have noted that people that ramp or talk the shares down (are to be avoided)
MIND YOU this site are very censored
Christofer, I’m happy either way the share price goes as it’s a long hold for me but I doubt we will see £12’s again but I’m happy to top up if we do
Easy -livin really …
The guy was asking for opinions , I’ve done so before which are often helpful, your post certainly is not .
Denby69, I see your point, but I was just trying to give a heads-up regarding some of the posters on LSE who can be less helpful for their own purposes. Apologies if you thought it too much of a broad brush comment.