PYX Resources: Achieving volume and diversification milestones. Watch the video here.
I think that there must be a lot of selling of Crest behind the scenes that has been reflected in the sp. This company is one of the best in the housing sector with great reports from analysts.
are assuming that confidence and house prices will be falling by a fair amount in the future. So far this is not the case. Unfortunately the market is still unsure about BREXIT so are waiting for further clarification regarding the publics attitude to buying and selling houses. The next real update which will give more understanding what is happening around the Country will be that of Bellway in October.
Question or statement? Do you have knowledge of a slip in sales and the more important question, by how much?
Question or statement? Do you have knowledge of a slip in sales and the more important question, by how much?
Someone has decided that the future is rosy with a 1.5M share buy yesterday
The trading report today was unusual for Redrow to publish, most likely due to the fall in SP over the last few days. This report was also before the end of the fiscal year.s trading. I would not be surprised if the final dividend for this year did not move substantially towards the EPS/3 to increase the yield so as to appeal to the investor.
I also agree that a quick note too all on the business would keep investors in the company in a happier frame of mind. RDW also mentioned years ago that after spending their profit on the business that they would start to pay a dividend that was EPS/3. I think that that statement must be nearing that point in the housing cycle.
today of 13.2p so not that bad.
as you have said before the only reason that lets Redrow down is the div. Boost this to EPS/3 and you have an even better reason for buying
There is also a journalist writing about drug dealers moving out of his street being replaced by professionals which signified that his unremarkable street was gaining in status and that these professionals were going to sell at huge profit to Russians and Bankers. But why should they want to live on my street? You can't even get drugs any more. This article is rubbish and at the end he uses these reasons as an excuse to explain that the housing market is going to go pop!!!. Where do they dig up these so called business commentary's from?
I sure some of these brokers are shorting house builders because they always bring negative comments out just before reporting week starts.. BVS produce a good set of results and fall nearly 4% with forward PE of less than 8. All builders have stated that land is plentiful and steady in price but these people know better making comments about this subject and bring all negative comments to bear on reduced margins. I just wonder if these people ever go into the real world or just seat at their little desk and write a comment to justify a large pay packet.
I am happy with my investment levels in Crest and Redrow, however, I have been topping up regarding Bovis when the SP goes into the 800's. Josh I agree with all your remarks and when one includes higher margin sites coming on stream this year plus higher volumes, prices and dividends 2016 could be a great year to be invested in this company. It was interesting to note that Crest made similar remarks about delays plus reduction of margins but this was cast aside with the higher volumes and profits. Perhaps Ritchie needs to sit down and read the trading reports of other companies to learn the art of masking the odd bad news but how to highlight the good. It still amazes me with the Net assets/SP of this company which is only c1.3 and decreasing when compared to other builders which are between 2 to 3. In fact Crest is c2.5.
Article in Sunday Times about this development area which 5 years ago was consisting of 18000 homes and 2 tube stations This has now been increased to 54000 all priced over £1m. Some of these apartments brought off plan have fallen by 19%. Area is being renamed Singapore-on-Thames. About 17 developers involved in this area trying to sell developments to the market around the same time. Battersea appears to be immune, however, around this icon of a building, apartment prices are falling as they have been completely overpriced at around 1500 sq ft. However, they are also pointing out that the market is buzzing around the £700.000 mark. It will be interesting to see the reaction to the London Help-to-buy on TEF's phase 2 development launches mid Feb.
Brought more of these at 835, hopefully the bottom, if not buying more more later on as this companies SP is ridiculous with trading as it is.
It appears that Bovis continues to be hit hard with any falls with in this sector. We are now looking at a PE c9 ( very undemanding) with an excellent dividend that beats the income of any thing on the high Street. The only product that can beat this share for income out side the sector is" Junk Bonds" which one does not go near. I am sure that income funds will soon realise the excellent potential for their sector. Bovis is oversold, just look at the shares traded today compared to other builders which, unfortunately, is becoming the norm. The stock market is presently pessimistic which is becoming a gold mine for the "shorters" and, until oil steadies and China becomes reassuring the share movements we are seeing will be the every day picture
Sharetrooper 121 quite a statement ,needs more information on the subject. At the moment the demand is there with reservations up, Mortgages available with more players entering the market and the Government pushing the case for home ownership. However, if anyone of these 3 reasons for ownership is removed then maybe your statement will come true.
Cuts from 1300 to 1200 but remains OVERWEIGHT; Morgan still pushing Bovis. Does not explain the large instant drop around 0830 unless a RNS comes out after the Market closes.
The SP was dropping in line with the rest of the buIlders when around 0830 it suddenly dropped 40 points to 903. The Market SP fall this morning was like the Nov trading update reaction regarding margins. Has someone seen something as the full year trading update is due tomorrow or did a fund put a large sell instruction in? If this SP is maintained with the results expected, BVS will have a PE under 10 (very undemanding)and a book value c1.3 which makes this builder very undervalued for the sector.
The trading update last Nov was positive except for the comment regarding the margins which upset the market. Overall, in my opinion, the report should be good with this coming year having further properties for sale at the higher margins which were delayed this year by the planning offices.
Excellent SP movement today. I wonder if they will try and rectify nov update with the Jan report?