Tin Helmet time20 Jul 2015 09:35
Pass the tin helmets everyone we are in for a another rocky year. Unfortunately the drop in share price was expected after Friday. Any idea the share price had the bad news factored in is only partly true, it hasn't much further to go.
Any defence of the current poor performance has been ...bad luck, difficult planning decisions, contractor going bust, pigs flying, gypsy curse, and any other excuse. Now is and has been for two years a good time for house builders. Although I don't visit the SE very much , my son and family have relocated to Birmingham , out of the London rat race, when I did visit Epsom each week there were three 'fill in' sites from the Noble Park site where they lived into Epsom and then one of the three on my walk with the grandson to his play school. On two of the sites plots were eventually 'taken' before completion. TNH seems to struggle to sell property when finished and the market will cool if interest rates rise. I'm holding on , not because my investment is that big but I see the potential, I just don't think we have the right team to get things moving.