focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Good afternoon FFO
Well done on keeping your head above water on Bdev & Wimps. Just in profit with Barratt’s myself. Although div needed.
Is there any benefit in holding a large land bank with falling house prices though?
Funnily enough, was only reading last week an old article with reference to Wimps writing down their land bank values in 2009 and the effects it had on their books.
Best of luck going forward. Some key dates just around the corner
Hi, here is something I thought you might find interesting: - https://uk.investing.com/news/stock-market-news/housebuilders-reel-at-costs-from-new-regulations-but-even-stricter-rules-due-3074737
Triumph
I’ll repost a link to the one that was put a few days ago
You only need to watch up until you get to regionals
This is for the week 19/6 to 25/6. All current info is there
https://youtu.be/8vuNF8THOF8
Morning Zac
Bottom but one for myself
Re you’re chatting with Strictly , +10.59% at the halfway stage for me including divs. Took a bit of a battering this last month.
Some intriguing thoughts on Strictly’s blog I must say. Always good to get someone else’s valued view on things
Enjoy the remainder of the weekend
Not great, no!
Where could it settle now over the next few months?
Click on fundamentals if it reverts back. Think this is about the latest I can find?
https://www.sharesmagazine.co.uk/shares/share/PSN/fundamentals
Nice little link to insurers are not banks….
https://apple.news/A5WBWFk0uRxOrWD2lfGRSRQ
Private sector starts drop 49% in first quarter of the year
NHBC stats show overall number of new homes registered falls 40% year-on-year in wake of mini budget turmoil
The number of new homes registered with the National House Building Council in the UK in the first quarter 2023 was 40% down on the figures from the same period in 2022, with private sector starts 49% down.
NHBC new homes statistics
Private new homes registrations down 49% in the first quarter of this year compared to last year
A total of 27,673 new homes were registered in the first three months of this year, with 17,953 of those being in the private sector and 9,720 affordable and built-to-rent properties. Registration of homes with the NHBC effectively correlates with start of construction on site.
The private sector homes’ figure was 49% down on the figure from the first quarter of last year, with a corresponding 11% drop for the rental sector. The National Housing Building Council (NHBC) said it understood some developments that were initially going to be for private sale had been block sold to housing associations and other providers.
Steve Wood, chief executive of NHBC, said: “Emerging from the pandemic we saw record numbers of registrations for detached homes but now with pressures on family finances it is no surprise that the present focus has shifted towards affordable homes in both the private and rental sectors.”
First quarter completions also decreased year-on-year, according to the figures from the insurance and warranty company, by 7% to 29,953.
However, the number of new homes registered with the NHBC in the 12 months to March 2023 was up 7% to 172,579, reflecting the high starts last year. This is the highest level of new home registrations since 2008.
The warranty firm suggested there were also signs of a potential return of confidence in the housing market in quarter one, with registrations recovering in March. There were 11,928 new home registrations in March compared to 8,005 in January and 7,740 in February, the NHBC said.
Wood added that the “new homes market is holding up well” and this was “despite a slow start to the year”. “There is a growing sense of confidence that more normal conditions are starting to return as the year develops,” he explained.
Although, he added: “Emerging from the economic shocks of 2022 and getting to grips with a demanding regulatory environment, the data indicates house builders are taking stock, planning their output carefully and matching it to expected demand
Morning Andy
Hope your well. Why don’t you just sell and take the hit then? Or do something about it?
I first bought last May. £2.42. Seemed like a good price at the time. Bought equal amounts in October (£2.08) and again in March (£2.21). With divs now just below £2.08 average. And guess what, sometime at some point in the future, I’ll sell one third. Hopefully in the mid £2.60’s range when sentiment alters. Then my average will be below £1.80 if it happens which I’m sure it will but the only question is when? I guess, what I’m saying is maybe, just maybe, it’s your own fault
Regards & good luck for the future
Morning zach
Hope your well. I know you have some beef with PSN but they are in a transitional period. After ‘giving away’ pretty much all their funds to shareholders in the past (95%). Surely at some point they will have to start returning at least the equivalent or maybe better returns due to their superior margins? Well, that’s my hope anyway. I do think they will lag behind their peers recovery wise until they state a clear strategy with regard to their dividend policy going forward. Although, I can understand why they are hesitating whilst the market pans out? That’s my take anyway
Have a pleasant day whatever your views