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Looking forward to next Thursday when TW are due to issue their latest trading statement. Hoping for positivity all round and the kick start we need to propel this share to the next level. This trading statement could be the solid foundations for 2024 that we so dearly could do with. Well we can but hope lol. Continued good fortune to all TW shareholders, those considering getting in and to those merely watching. Per Ardua Ad Astra. Rgds S
Same here
The average rate on a two-year fixed mortgage has fallen to its lowest level for nearly seven months as lenders compete for custom.
Seems like as soon as all the members return to the babling house after their well deserved holiday they will introduce a new incentive scheme for first time buyers. That should postpone the enevitable colapse in the property market until after the election. Speaking to lots of young people over Christmas it seems a toss up which goes pearshaped first. Builders or buy to let landlords. Many told me they have given up on having children and are simply surviving ..
Own all three. TW, PSN and BDEV
I've never been this weighted towards property in my portfolio, it's slightly unnerving but let's see what 2024 can deliver.
Taylor Wimpey
For the same reasons earning Persimmon a place in our selection, Taylor Wimpey secures a spot.
Taylor Wimpey has experienced slowing sales in 2023; we see this bottoming out in 2024.
We feel 2024 is a year to be overweight UK housebuilders, and Barratt Developments could have easily been included in our selection ahead of Taylor Wimpey.
I do believe that this information was published on 6th September 2023, referring to the 3 months June to end August, ie: before interest rates stopped rising!!
I would be happier to see the current quarter report!
DYOR
Either would be great , means they’re in an improving financial position!
They have made good investments with there Landbank am sure they will have extra cash to splash mite be in share buybacks and not special dividends
It will probably remain the same , but future outlook will have improved.
@Abject, it's from October, not sure why Doggpog posted it, the Q1 it refers to relates to BDEVs Q1 1 July 2023 to 30 Sept 2023 and not 2024, BDEV has a June year end.
Hopefully the picture for TW will be rosier in January update.
Where did you get this information? There have been no recent RNS relating to this
Barratt Developments sees 10% drop in reservation rates in Q1"
UK housebuilder Barratt Developments has said it remains on track to hit targeted home completions despite a much slower start to the financial year as a result of ongoing challenges prospective buyers are finding in securing mortgages.
Chief executive David Thomas said the trading environment since 1 July "remains difficult", as the company reported falls in both private reservations and forward sales.
The declines reflected the impact of higher borrowing costs and the absence of the Help to Buy scheme, which accounted for 12% of private preservations in the first quarter of last year.
Net private reservations per week average 169 in the first quarter, down from 188 the year before, with net private reservations per active outlet per average week falling to 0.46 from 0.55.
With the reservation rate falling, total forward sales as of 8 October totalled just 9,221 homes, down from 13,314 at the same point last year, at a value of £2.36bn, down from £3.60bn.
Barratt said it is now 60% forward sold with respect to private wholly owned home completions, down 10 percentage points on last year.
"The trading environment remains difficult, with potential homebuyers still facing mortgage challenges. Against this backdrop, we are focused on driving revenue whilst continuing to manage build activity and carefully control our cost base," Thomas said.
Nevertheless, Barratt still reckons it will deliver total home completions of between 13,250 and 14,250 during the fiscal year ending 30 June 2024, and said all other guidance remains unchanged.
"Whilst we expect that the backdrop will continue to be difficult over the coming months, we are a resilient business with a strong balance sheet and a highly experienced management team. We remain committed to building the communities that our customers want to live in - delivering high-quality, sustainable homes at competitive prices to help address the country's housing crisis and drive long term, sustainable growth for our business."
It’s interest rates that need to fall to see the real stock market gains. Those come in the next few years, where share prices will creep up and the dividends locked in at last two years lows will massively outperform lower inflation and interest on accounts
LONDON, Dec 20 (Reuters) -
British inflation fell by more than any economist polled by Reuters predicted in November, pushing the headline rate to its lowest since September 2021, according to data that will further fuel bets on Bank of England interest rate cuts next year.
The annual rate of consumer price increases fell to 3.9% from 4.6% in October, the Office for National Statistics said on Wednesday, while closely-watched core and services measures of inflation also fell.
Its been over £2.. 2-3 timesin last 10 years - But I have as a £1.50+ expectation. But seen ths stock plummet for no apparant reason, then so have many have the last 3-4 years. Dont think will see a special dividend back and not sure want to see that, Im happy if gives me 4-5p twice a year, paying a decent bi-annual div will encourage buys and see the share price go back to where it should be £1.50+ (I hope) -
I've been in and out of this stock over the years and currently back in. I remember then it reached £2.30 years ago. I can see this happening again. Am hoping they bring back the special dividend at somepoint, but not sure they will as there strategy has changed in recent years.
House builders are getting upgraded, once again!
Most brokers are behind the curve...... on the 18th of December UBS raised TW from 126p to 160p.
TW has resistance @ 149.55p and when broken, the next resistance @ 157.20p before moving higher.
I'm more than happy with the recovery and onwards and upwards from here.
Wishing everyone a Merry Christmas
Wish I had 75k in this , wish I’d bought a few more at the time I bought 89p!
I’ve slowly built my position to over 75k shares, mostly over the last two years. Most of my purchases have been when the “crowd” was most sceptical/fearful. Selling this share sub £2 is a big mistake. Marshall Wace reduced their short on Dec 14th. Any recent short taken on TW has been, frankly, idiotic……BUT advantageous to my position. Roll on 2024.
I am not giving up a single share at my average 113p
And I am going to greedily take every dividend I am blessed with!
Happy with my buys at 89 and 100p and my reinvested dividends!
Yes I am pleased and somewhat astonished that this share is reacting so positively from snippets of positive news.
Quite a reverse from the doom and gloom that spread following the outbreak of the Ukraine-Russian war.
Needless to say, I changed my mind and sold the small additional investment I made at 110.6p, selling at 143p.
I'm not greedy as I have a huge holding in TW but at a higher break-even so will monitor the share price and hold out for the dividends.
I exceeded my target profit on this smaller investment by 50% so I am very content. I will spend this unexpected surplus most unwisely over the Christmas period on my partner and my family. It seems such a long time that I have been able to say this.
Good luck to you all.
Just sold shares in trading acc, removed capital kept profits in shares, still have shares in isa acc ....temptation..atb
Caveman you must be happy this morning then! Moon