Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Good morning jay and Bighammer
The best of it is with all the shenanigans going on the people who were going to take on apprentices have now decided to put on the shelves until stability returns!
So next cycle they will be even more tradesmen short!
Talk about not seeing further than your nose!
Lol
Morning all, once again we are entering the " lets squeeze the tradesmen " time. The builders still want to make their profit so when the price of houses go down the tradesmen/women get hit and then we get the government will come out
and say that we need to build more houses lol.
Its interesting to see that for me the average age of site workers must be around the 45 years range and as it is not an industry where you can carry on working until retirement age with this new reduction in wages likely how many will get out this time and never come back. It is not just a los of skill but also experience that could be passed on and its not just in housing but the construction as a whole . As the construction industry is mainly self employed no one sees it as their responsability for training but in the near future i feel it is something that will have to be addressed .
Hi Ben interesting that sites going for re pricing
we are always shafted when it comes to a squeeze, everyone else putting in stupid demands for wage increases due to the current situation where firms seem to be cash grabbing and using post covid or energy crisis as a excuse to announce record profits so the government think lets raise rates to push people over the edge and get them brickies and chippys wages back down i mean who do they think they are earning over a 1000 pound a week ,
I was thinking more due to lack of trades that rates would stay where they are or should be so and its times like this that the rough get weeded out, ill look with eyes wide open for your future findings
Afternoon All
I hope you are well, new rates coming soon as a lot of our sites have gone for repricing also replanning!
I wonder if the money from Hong Kong has eased and they need different house size/price!
East mids, how about the rest of the country!
Cheers in advance Ben
If they want interest rates to fall fairly why not raise income tax. Most smart wealthy people who spend fortunes contributing to inflation fox their interest rates or don’t have mortgages. That way everyone feels it equally and less cash in the economy and it falls.
Sorry I forgot it’s not a vote winner.
Crazy following USA as they didn’t lock down fully in Covid like we had to do so. Crazy but I think TW will come good but from what price!
Jam, I think the government are following the lead from the USA, who declared about 18 months ago that they would return to real interest rates , and therefore the era of cheap money was over. We have a year of falling house prices ahead imv.
One thing for sure house builders have held up well given all the doom and gloom.
Government happy to manufacture a slump to kill demand and drop inflation.
Disgusting really but the cycle is relative and next year they’ll slash rates to start the new cycle.
This time we have an election looming!!!
Thanks Nathan. The article includes the following comments:
"Oli Creasey, equity research analyst at Quilter Cheviot, argues in favour of being more discerning.
He suggests avoiding Persimmon, and also Vistry which has less of a cash buffer than its peers.
He says: 'In our view Taylor Wimpey is the company best-placed to weather the ongoing storm, with a very comfortable net cash position and one of the lowest overall gearing ratios in the sector – at around 4 per cent.'"
Says Anne Ashworth in The Daily Mail, Saturday 12/08/2023...
https://www.dailymail.co.uk/money/investing/article-12398083/Build-wealth-bricks-mortar.html
It’s quiet for Psn in the NE region but there is still plenty of sales coming in. I still think the run up to Xmas handovers will be manic as usual. Rate cuts have also been happening.
Hi jay
On for Lyndon’s ( vistry).
Our boss is talking rate decrease , lol
Good luck with Bloors.
All the best Ben
Th
Who you on for Ben ? we in east mids unaffected at the min at bloors , heard today Belway has shut 3 offices darn sarf ,redrow slowing also ive heard Raf Newton down to one phrase when it was going on 3 fronts , if your good you will be in work when it slows it weeds out the chaff , good luck jay
Should be on ways to £2 it’s a bargain this , accumulate on down days is the key , as long as balance sheet strength it’s all good. This is summer lul ,zero activity, stock markets no sign of life!!
houses still selling, otherwise we grind to a halt ignore media and scare mongers carry on , tw is nice price
Evening All
Just to let you know we have slowed right down in the last couple of weeks ( East Midlands)
What about the rest of the country, I know Suffolk has gone quiet!
Cheers in advance Ben
TW are undervalued. And should be at least £1.50 +
For some reason they are put down by investors and seen as rubbish shares, due to their history of recent years - however whilst I have reduced my holding, to spread to a few other companies, I still belive the dividend will be good going forward and whilst remain cheap when can may build back up the pot (currently have 91K)
TW. build larger more upmarket houses so buyers are likely to be wealthier and probably already on the property ladder.
Roll on extra divi !
More favourable narrative, although "fair value of 190p" looks a little optimistic.
https://www.morningstar.com/stocks/taylor-wimpey-earnings-build-cost-inflation-headed-right-direction-shares-cheap
What is the best way to find next xdiv date and year percent.
Any views on difference tw and Barratts??
Who can afford to buy houses now.. unless they allready on ladder, who is going to buy properties to rent out with legislation and poor returns, however this has to happen.
Google "Taylor Wimpey's balance sheet holds hidden value ", or check out Investors Chronicle directly if you can access
https://www.investorschronicle.co.uk/news/2023/08/02/taylor-wimpey-s-balance-sheet-holds-hidden-value/
Nice rise in SP, guidance for 2nd half upper end. Divi up.
GLA
Very nice, I completely misjudged the look of the results. Happy bunny now.
Results better than I feared and divi offers support , however given market malaise today expecting a small fall here- we shall see.
Yes short term things are tight, but they are confident in the long term with a nice hike in the dividend; and the share price is quite a bit below book value (which for a profitable company should be rare.)
Increasing the average selling price by 6.7% is pretty impressive given what is publicised in the media about house prices.
Happy to hold and may add if the sp falls further.
Divided 4.79p
Completions on the upper side from previous statements.
🤞
Go to specsavers... more than happy but hey will add dips.