Underpins the optimism that results for the next 2 years (minimum) will continue to excite the market. As always DYOR but this is a robust company IMHO.
IMHO these results are disappointing, once the dividend goes ex I would expect pressure on the SP which will see it drift lower. Margins are down, dividend cover down from 2 to 1.7 which suggests it will be cut next time. As always DYOR but expect shorters to take this one down.
Bouygues Construction said on Thursday it had won a contract with Taylor Wimpey , worth more than 100 million pounds ($129 million), to build the first phase of the London "Postmark" property project.
Postmark is the name given for the property development of the old Royal Mail and Post Office depot located near the capital's fashionable Clerkenwell and Farringdon districts.
In answer to your question I expect sales volumes to continue to struggle and with build costs increasing margin pressures will continue. I expect margin to fall short of previous guidance which will add further pressure to SP. 550p is years away imho. As always DYOR, but I for one won't be buying back in at these levels. BOL.
TW - Shareprophets £5.99 per month11 Nov 2018 09:04
Tom exposes many frauds on AIM including Quindell, Globo & Mysquar to name a few. £6 per month is a small price to pay to save you from these frauds. His weekend Tomograph is a great read.BOL
This should climb further once the brexit deal is done, removes uncertainty and also entering the timing of santa rally and first quarter. All bodes well as long as there is a deal. BOL