Member Info for cm45

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

another new housing minister. 17th since 1997. government committed to housing? don't make me laugh. lip service, handwringing, and still the dead hand of town planners. disgrace

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'!

just happy to have unloaded all my bvs @£13. now £11 and pennies. very modest trading update. rate rise almost a certainty next month. gla

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.

sure I get that Tom and thought it a fair question. the fear factor is returning....

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...

I wouldnt say crash but definitely more downside than up for quite a while. bumpy ride due today for sure, maybe tw test 175. just my reading of tealeaves is all.

until supply catches up with demand.? if reports I read are accurate that major builders now build only after deposits taken, then surely supply has already caught up with demand. or vice versa.

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.

come on guys. we all know building costs are going up, interest rates are going up, consumer sentiment going down. house prices flat at best. why is it puzzling that tw is not going up??

...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.

I dont share your optimism builders will bounce back. much more downside than.upside. its a considered decision and I have more interesting investment ideas in other sectors. thats all. the only issue to manage is cgt as not all in isa.

2nd day running no builders in top 20 risers but 4 in fallers. tells me all Ineed to know. sector is out of fashion clearly, so I am out of the sector for now. I cant do the canute thing and better prospects elsewhere. gla

Tom, I understand its entirely your prerogative to dismiss any posters who dont share your exuberant view of Tw. as doom mongers, but surely the usefulness of these boards is to learn from others. otherwise a mirror would be fine. Maybe you will also dismiss todays investors chronicle piece entitled Hold Your Houses, as that highlights problems builders currently face. we probably all share common objectives to avoid losses and pursue gains and I have learned a lot from other boards, and inevitably my own mistakes! But I dont learn so much from this board... I wish you an enjoyable weekend.

well you guys have spiced up the board a little. I hadnt seen that story! but in the context of his £19m pay cheque small change really.

I agree Tommy. lloyds are too bound up in success of uk economy for my taste, short/medium term