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According to LSE figures , buys more than twice the sells, yet the price has fallen by 11%, Can someone explain please
" According to LSE figures , buys more than twice the sells, yet the price has fallen by 11%, Can someone explain please"
ignore all that, basically those figures are not accurate...for evey buy there is a sell to match it .....the seller has had to lower their accepting price throughout the day, in order to find a buyer....
The spread is so tiny, that it is extremely easy for the software to place a trade as a buy willing to pay the ask, rather than a seller willing to accept the bid..so the statitscs are far from being accurate
willowinone hi, maybe this is why !!
https://www.lse.co.uk/news/TW./london-market-midday-stocks-fall-as-uk-pm-gets-virus-us-cases-mount-t2qdd4as498fjrq.html
Good W/E to all :-)
I'm not in here just building a shopping list for later in the year ... the last time I bought these was a few years ago and paid 10 to 14p ... remember the debt pulled it down and it had a rescue package launched.
Has anyone got any resources and numbers for the current debt levels please.
some one will tell you about TW debts I personally think TW have got next to no debt a rich company
" Has anyone got any resources and numbers for the current debt levels please."
well I would have thought the full year report issued on Feb 20th would be a reasonable place to start , where you will find all the figures you need ...look at the RNS
* sorry Feb 26th 2020
Hi TheBullCase,
You've repeated almost the same message on about half a dozen occasions now.
There is a danger that it may be beginning to sound like a load of bull, even though that may not be the case.
ATB
Hi coffecups
Never seen such a total collapse in Sp's like this, even 2008, Brexit vote meaningless in comparison.
So you are now interested in builders again, (bet you wish now you stuck with them), and Imho best value by miles and have been for a long time. Due to panic selling all the main builders have decreased by a similar amount (% wise) and this means as a reaction follows, the best will increase by more than the worst, (which makes bdev my favourite at the moment).
Of the 5 I hold bdev, bwy, psn, rdw and tw (I avoid LSE Builders), the worst performers have been rdw and bwy, understandable cos they hold the least Net Cash, so could be the most undervalued, particularly since the Govt policy of destroying the Economy has also led them to making guarantees to companies which have closed down (cos of CV).
Tw and bdev are now completely different from the what they were in 2008 (massive debts), they started saving money and building up their land banks, having learnt their lesson.
Sales could be delayed or cancelled but the Govt cannot let the situation (lockdown etc) go on for long, and the Sales are no more than delayed, so not actually lost. It means the shortage is increasing cos the demand increases by ? 000 hoses per year, unlike some other companies like grg who have simply lost all sales for sarnies while they are closed.
So my suggestion for an investment plan: bdev 40%, tw 24%, bwy 16% rdw 10% and psn 10%, but also hold some cash. Could well have undervalued bwy and rdw, but doesn't matter what I think.
Not too worried about a big recession (doesn't really affect supply / demand), far more worried about Brexit. No doubt an agreement will be made, but what will be left of our service sector.
Keep well and BoL
Hi Nige
I believe there's a long way to go before I would take up your advice.
Sales have fallen off a cliff, I can't see Wilmott carrying on for much longer(sorry cdl1).
If I was in charge of the planning for post virus I would be concentrating on opening the sales offices and marketing way before build restarts. Increase the part exchange benefits as people will not be able to sale their homes.
Complete homes that started but put on hold new ones till sold off plan.
I feel this is going to take a time to get back where it was.
The Government will want the infrastructure contracts up and running quickly to get workers going again, so for Ben and cdl1 and others there's hope there.
As far as investing goes house builders are cheap but still might drop further.
In the short term to make money now it has to be firms involved with the testing kits (Ygen, Novacyt, Genedrive) and then ones involved with the vaccine (N4pharma) these are the only ones I've been reading about
There's also gold and hydrogen plays they haven't been affected as much.
Good luck whatever you choose to do
ATB:))