Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
if you really think institutions wont touch this sector, just google major shareholders followed by epic code. eg tw. bkg. etc huge institutional shareholdings. of course. separate issue: The second hand housing market has seen growth of 8% in houses put up for sale, while potential buyers registering are flat/exgrowth. you may feel this has no impact on builders, but I am sure that it does. on volume and price/margin. just another reason the sector lacks enthusiastic buyers just now
positive brief write up in IC today, positioned as a buy
if you like this have you considered uanc? dyor very cheap after recent mega placing, and 3-directors made substantial buys after price drop following placing at 305. prior it was approaching 340
slow but steady moves up. maybe the increased (!) nato spending will benefit chrt
directirs evidently share my views: 2 have bought 120k shares (£370000) in the last 2 days. a steal at 305 imo
huge placing from one institution to others @ 305, well below last closing of 335p. I feel confident take up will be good and price will quickly recover, so have added more at what is. effectively a 10% discount
you are right which is why I always invest for capital growth and any divs are cream on the cake. And all this talk about housing as a growth market-it was ever thus. Reminds me of the shoe manufacturer who set up in africa as most locals didnt have shoes. they still didnt when he went pop. People need the wherewithal and confidence to commit forward to a better lifestyle however much they want it. Looks as though we may test high 160's this week. gla
I guess global markets will not progress while Trump Trade Wars engage, so maybe the question is what will need to occur for builder sentiment to turn positive ahead of trading results in 6 months time? A delay in rate rise seems unlikely. Thoughts anyone, other than wishful thinking or 'they deserve to be higher'!
Whatever historical numbers are tabled in trading results, it will be no surprise if the outlook is positioned as murky. It would be odd I think to postulate a very positive outlook, and its future earnings visibility that will drive the sp reaction.
and many others Tom made more money by not holding, but keeping cash on sidelines until upward momentum resumed. As rothschild famously said, only liars buy at the bottom and sell at the top. he also said you never get poor taking a profit. what is said on this board will never move the Tw sp one jot, so a fair answer to a fair question seems fairer than pretending everything in the garden is rosy when quite clearly it isnt.
Morning Tom, dont think its scaremongering but some of the big investment houses are advising clients to sell as the Trump Trade War materialises. China is a huge market course and techically entered a bear phase last week, yet still dropped 2.52%again today. I guess depends on one's interpretation of crash Tom? A dent in your Bmw or a crumpled crumple zone...
very interesting piece on the historically low and declining rental yields, and the consequent impact on house prices. But it is not positive so maybe only for the eyes of 'doom and gloom merchants' up to yous......
I will be amazed if psn and bvs dont take the opportunity to lower expectations. To justify ratings, builders merely need to sell more houses at higher margins which is a huge ask. tw are manipulating by shortening land bank and using funds generated for special divs. May work for a few years but they are priced on 10 years earnings, so small wonder the F.I. s dont like that sort of financial engineering. probably good for redferns ltip but its no substitute for more sales at higher margins.
...by chairman's wife selling 550000 mid may @ 201. maybe she just needed a million quid, or didnt feel it was undervalued. I do hope this bounces for you guys but now each day this week, 4 builders in top 20 fallers incl tw. and none in risers. It will hit a level where buyers return of course but hard to say what that will be.