Member Info for Everglade

Good first post Sparks. I too don't post often, but have followed TW for years. I'm also in the industry and have dealt with most of the big private/plc housebuilders over the years, mostly selling them land. Of all them, TW is where I feel most comfortable investing. Good luck with your holding, EG

Probably a knock-on from Vistry's trading update today. Not pretty!

Https://www.gov.uk/government/consultations/proposed-reforms-to-the-national-planning-policy-framework-and-other-changes-to-the-planning-system/proposed-reforms-to-the-national-planning-policy-framework-and-other-changes-to-the-planning-system#scope-of-consultation

BBC reports that Rachael Reeves is delivering a speech today that will include some headlines about the reinstatement of housing targets. I'm slightly curious why it's the chancellor and not Rayner / Pennycook delivering this news. Hoping there's no sting in the tail!

Recently took a position here as most things are looking positive for the sector.

IMO there needs to be a structural change to the planning system which a near-term NPPF review will start to address. Bring back housing targets and don't allow political/nimby interference at a local level to stifle planned growth.

Mix with downward pressure on interest rates and a new homeowner scheme for 1st timers and the tide should turn.

My only worry is the rumblings of a development land tax....

Final divi 1.6p. No special and share buyback to help offset staff share awards....hoping i'm glass half empty!

Biden has got his bill through the Senate, so hopefully a leg up for INRG.

I read the other day that Biden was considering declaring a climate emergency, which would allow him to shrug aside the obstacles to his renewables agenda. Wonder if that's behind these blue days....

Congratulations Dorset. I'm cautious by nature and it's to the detriment of returns but it helps me sleep at night. What's your thinking behind the heavy weighting to FS? Is it a risk call?

l'lee, SMT is 6% of my pot. Would ideally be more, but i'm looking around and everything feels toppy. In fact i'm 25% in cash at the moment and pondering where the market is going to take us. I'm also in JCGI (worst 2021 performer in the p/f) but wonder if and when there's a pause for breath in the US markets in the near term, whether China will see a reversal in sentiment as investors chase a new avenue for returns. If the Chinese govt match this with a change in stance or provide some investor comfort, it could be their year in 2022.
On the other hand, I could be talking absolute guff. A bit O/T I know, but there's some commentary about it in the SMT report today, so it must be an issue on the agenda.
Cheers EG

Mandeep - have we had the Cop26 announcement that you were expecting?

What you’re saying would require a 30% rise in the sp of 100 odd companies in a few days. I’d be delighted if you’re correct but can’t see how?

Wishful thinking or are you in the know / Boris under cover?

Done the same. Sold all individual share holdings. Been a good year and a profit is a profit. Happy to take the foot off the gas for a while, sit on the side lines, maybe look for a few stocking filler trades and start thinking about positioning for 2022. Good luck all.
PS - please DYOR, but my rough calculation for the ordinary dividend accrual information buried in the Q3 results equates to circa 2p per share for 20/21. Please DYOR, it's just my opinion. Cheers EG

Just sold my 201k shares. Struggling to hold 50p so will buy the inevitable dip. Nice to step off the merry go round albeit briefly I’m sure.
Think the results indicated the 2021 dividend as per my previous post, will try and work it out later. Atb

In the Capital section:-

…’ The CET1 capital ratio reduced by a further 56 basis points in respect of the ordinary dividend accrual for 2021.’

Is this telling us what the 2021 divi will be?

Post Evergrande (assuming an orderly resolution), i'm beginning to wonder if it's a sensible time to add more here. A risky move but in for a penny and all that....

Looking at the LBCM 1/2 yr RNS this afternoon, furiously scrolling down to the dividend section for any nugget of info or indication of what the future may hold, only to find a one liner telling us what we already know. That's 5 mins of my life i'm never going to get back!

I agree - it's my worst performing fund and i've got quite a bit tied up here. 2021 was predicted to be the year that China outperformed. That'll teach me for listening to the 'experts'!
I keep telling myself that it'll come good, the Chinese authorities surely can't maintain this direction of travel. Time will tell. EG

I’m with Barclays and no divi here either.