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Vlad, I'm sure you're aware that TW. bought plenty of cheap land too which they are telling us will convert into additional building plots from 2023 onward. Plenty of scope for a land revaluation here too I would have thought, given the current boom in prices.
"I do think that some of the larger house builders were dragged into over paying their divis, post 2009, when they should have been acquiring cheap land, as Bellway were doing, by PSN. "
...................
Vlad,
Yes, clearly the "Me too" movement didn't just apply to sexual harassment...! :-)
Strictly
I do think that some of the larger house builders were dragged into over paying their divis, post 2009, when they should have been acquiring cheap land, as Bellway were doing, by PSN. Of course when you don't replenish the land bank adequately, it is very easy to distort your declared profit figure, even within the rules most of the time. This is what PSN were doing and then we found out why. Jeff Fairburn needed to keep the shareholders grinning and the criminally incompetent non-execs well buttered on the way to short term profit maxmisation in order to collect hos £70m bonus.
Barratt and TW followed on with too much divi and plenty of bonus as well no doubt.
Of course ROE goes through the roof when the land bank is depleted as equity is the denominator and it shrinks with the land bank.
Bellway, 10 years ago, had a net tangible equity of c£1bn, today it is c£3bn, and rising, and the buying has been very heavy since early Covid when land could be bought very cheaply. This bizarre post 2016 holding back of the very best UK stocks will no doubt end abruptly in time. There are a handful of stand out businesses where your money should be, Bellway is certainly one of them, probably the current stand out opportunity within the entire UK stock market.
Hi guys. I may be wrong but this is what me & my guys have come up with, channel-wise. I think it's bullish TW, daily chart https://www.tradingview.com/x/1Atevqbm/
Just to add that I bought-in at 190p in Apr 18. The price I paid was around the 200-day moving average at the time (and for the 2 years prior to that). I’m not a trader, just an average investor. I’ll wait the ‘obligatory’ 5 years and see where we are then, but given we have just seen a sustained HB boom, I’m not holding my breath for any marked improvement. ‘Dog share’ isn’t normally a phrase I would use, but it does sum up TW quite succinctly.
I continue to hold, more out of curiosity than in expectation of anything positive. After buying in over three years ago and reinvesting ALL the divis, I’m at break-even on my original investment. I could have got more by putting my money in the post office than I have from investing in TW.
He also told me to buy at 1.50 :O)
Divi and some profits in the bag here now
City trader said Its going to bounce this week .
How does he know this probably because they all get together and decide to start buying after all selling for weeks to get the price lower. Its all bent
I was ready to get out and move money into another share, but my guy in the city said hold, as its due a bounce this week... most of the time he's 99.9% right.
Thats all i know
This shares worth holding onto or at least re purchasing at a later day. I have been in and out over the years and its been a good earner especially with the special dividend which am hoping returns next year. If anything I keep increasing my holdings on this.
This shares worth holding on to or at least re purchasing at a later day. I have been in and out over the years and its been a good earner especially with the special dividend which am hoping returns next year. If anything I keep increasing my holdings on this.
Being something of a novice trader (although done OK out of TW so far, and am happy to wait as long as it takes for this to rise), what makes you say this couchman? Is there any specific news / forecast that I've missed?
It always strikes me as odd that when a reasonably positive trading statement comes out, as did recently, it can cause a share price to drop??!
I Have a feeling its going to fly today...
Well, until Wimps can close at a days high, for a few days, I suspect we will forever sell off any intra day highs. Investing / trading the building sector takes patience ...
swazers - I didn't buy wrong, but your right... I did miss a few highs for sale...
I won't miss this one
The T.A looks great. IMO. @CaneToad https://www.tradingview.com/x/yMROkDvs/
Looks very nice to me. I've only recently started trading this share again after a long pause. Nice bounces on a rising backdrop.
@thecouchman It's only a dog if you bought wrong & timed your entry poorly, or you never took profits when they were on the table. Either way, the issue is with you & not the stock.
thriller40 - I've probably got a lot less money in here than you. I would need to see about £3.00 a share to get 1400... lol
I'd be happy with the divi i got and £100 profit on the price. :O)
I wouldn't sell my holdings for such a low profit. I sold some for 1400 profit and thats the lowest profit I would take from this.
ditto
As soon as i'm in profit, i'm outta here... even if its only £20 up.
I will probably regret it in a couple of weeks, but right now i think there is better places for my money.