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Re share price
Once special div comes back and if we have no big knocks like we have last few years and if climate for housebuilding remains positive im sure it will soar past £2.50 and upwards but there are alot of ifs
Hi Nige
I have done alot of research on GGP and seriously pondered on putting money in when it was 5p!!!! Big mistake by me as its 12p now! I think it being an AIM share put me off but its proved to be one of the better stocks out there at moment hasnt it? I think i may have missed the boat as its settled around 12p for a month now. I keep hearing it can double its present price because of developments going on but i have always stayed in good FTSE companies- not enough of a risk taker which will go against me i know!
Hi Muffster,
As TW Rns is end of month and other builders have been reporting already maybe this is reason they are lagging?
Also their sell off of shares to fund land purchases?
One of my best friends is an MD for TW and he says they are flat out buying land at great prices. He also said sales were well down as were PSN but he said that a 145 buy in from share sell off would be a bargain price for a long term hold. He also said he didn't know how long “long term “meant so i guess if you are happy to invest 3-5 years you will be in a good place financially if you were to invest now???
https://www.nationwide.co.uk/-/media/MainSite/documents/about/house-price-index/2020/May_2020.pdf
Any positive news on easing of lockdowns and vaccine news gets the shares moving up but you also have all the dire economic data pulling it back which makes shares volatile. If you look back at other crashes they had lots of recoveries and falls after the initial crash but most were followed by bigger crashes. You gotta be wary of “the dead cat bounce !” Some of big names in business reckon we gonna have a bigger crash and some say not. Think HB will be very volatile next few months and also you gotta factor in Brexit and USA v China tensions. Money to be made trading these shares but its easier said than done. I made a bit trading when pandemic started trying to keep in cash as much as possible in case of another bigger crash but lately this has worked against me with the big rises always happening when im not invested!
Rightmove report was positive for HB yesterday which could give a boost Monday but you also got Nationwide HPI report which comes out Monday 7am( i think?) which could be bad news?
You have to make judgements on information you get from somewhere though surely? Im not saying brokers are always right or wrong but i like to get as much information as possible from as many sources as possible to help me make my personal decision on when/if to invest. There is also great info/ views in this site from the “old school” which i also really take an interest in.
Tw seem to be trading in 140-150 range at moment with bad news taking it to mid 130s briefly before back to that range again. Seem we need some good news ( vaccine? H2b extensiion? Stamp duty relief?) to push us higher but probably more likely that there is alot more bad news on horizon that could push share into 100-120s again? I bought in when share was 118 and sold at 152 and am patiently waiting to get back in, nearly did Friday at 136 but thought it might have dropped lower so held off.
Lol Troublesome, Very good... You have got a sense of humour after all!!! Re the predictions from myself,Nige,Owls there can be no winner this week as we were all way off!! Everyone has a bad week now and then!! Batten down the hatches , stop looking at share price 10 times a day and see everything as a long term investment are my predictions for next week!!!!
This is an interesting article and may help with the negative sentiment a bit ( Brexit aside of course): Persimmon seeks to rebuild trust through fee 'retention' plan | Business News | Sky News Thursday 21 March 2019 15:33, UK By James Sillars, business reporter Persimmon is among the housebuilders feeling the squeeze on its stocks, amid the continuing political crisis over Brexit Persimmon has faced a customer backlash over poor build quality and long delays in fixing problems to the satisfaction of customers House builder Persimmon says buyers will be able to hold back thousands of pounds worth of the price of a home so that faults can be fixed, in an industry first. The initiative comes after it promised to improve customer satisfaction levels after being dogged by complaints about poor build quality. Persimmon last month said it was making changes after the departure of chief executive Jeff Fairburn over pay awards worth £75m - boosted by bumper profits since the start of the government's flagship Help to Buy scheme. The under-fire company announced last month it had grown annual profits to £1.1bn in 2018. But the milestone was revealed against a backdrop of uncertainty for the firm following a report by The Times that the government was considering stripping Persimmon of its right to sell properties under Help To Buy because of poor satisfaction levels. Persimmon is a FTSE 100 housebuilder Persimmon had already signalled a greater focus on ensuring that existing projects were completed properly Gripes not only included woeful build quality but also delays in fixing problems and hidden fees. Persimmon said on Thursday it was looking to build on recent efforts to help restore trust, with the "retention" policy set to be in place by the end of June. It explained that it would write in to its standard contracts that "1.5% of the total home value (equating to around 6% of the build fabric costs) can be withheld by a buyer's solicitor until any faults identified at the point of key release are resolved." Chief executive, Dave Jenkinson, said: "Persimmon is listening hard to all of its stakeholders and we hear the message that we need to continue to raise our game in customer care. Persimmon under new chief executive Dave Jenkinson has moved to improve customer satisfaction levels "The initiatives we have already announced, including the action taken in the new year to deliver greater accuracy of anticipated moving in dates by adopting a more targeted approach to the phasing of sales on specific sites and the improvements and investments that we have made in our customer care team, operations and technology over the last few months are beginning to take effect. "We are now accelerating the pace of change through the introduction of a contracted retention which will give homebuyers far greater satisfaction at the completion of the purchase. "Moving
Week 1 predictions from me: TW 189 PSN 2386 BDEV 632 Using a 2 steps back and one step forward approach to week ahead in my thinking! Extension now needed on Brexit and quite a few coming back on board with TM deal and a possible bung to DUP could see shares go higher but not holding hopes out for that! Come on chaps and chapesses get your predictions in before 12 tonight!!! Thank MK for yours think ur a bit optimistic on TW though have you been keeping that crystal ball nice and clean?